Louisville Film Arts Institute Inc
- Assets
- $206.2k
- Revenue
- $174.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2008
- Data as of
- 12/2021
- EIN
- 26-1351217
Organization Overview
Louisville Film Arts Institute Inc is located in Louisville, KY. The organization was established in 2008. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisville Film Arts Institute Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Louisville Film Arts Institute Inc generated $174.1k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 35.7% each year . All expenses for the organization totaled $10.8k during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN THE LOUISVILLE INTERNATIONAL FESTIVAL OF FILM (LIFF) WHILE SUPPORTING THE VISION OF INDEPENDENT FILMMAKERS BY EMBRACING DIVERSITY, TALENT AND CULTURE OF THE REGION. TO PROVIDE OPPORTUNITY FOR HIGH SCHOOL STUDENTS TO LEARN THE FILMMAKING INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO MAINTAIN THE LOUISVILLE INTERNATIONAL FESTIVAL OF FILM (LIFF) WHILE SUPPORTING THE VISION OF INDEPENDENT FILMMAKERS BY EMBRACING DIVERSITY, TALENT AND THE CULURE OF THE REGION. THIS WILL PROMOTE LOUISVILLE AS WELL AS KENTUCKY AS A GREAT PLACE TO SEE MOVIES, ATTEND STIMULATING SEMINARS, PRODUCE FILMS AND TO PROMOTE THE AREA AS A FIRST-RATE LOCATION AND TRAVEL DESTINATION. A STUDENT FILM SHOWCASE IS ALSO CONDUCTED TO ALLOW STUDENTS TO DEVELOP SKILLS IN THE FILM INDUSTRY AND TO COMPETE FOR AWARDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brian Cullinan Co-President | Officer | 10 | $0 |
Conrad Bachmann Co-President | Officer | 15 | $0 |
Tonya Peacock Director | Trustee | 2 | $0 |
Robert Anderson Director | Trustee | 2 | $0 |
Michelle Care Treasurer | Trustee | 5 | $0 |
Brett Bachmann CEO | Trustee | 12 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,554 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,335 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,889 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$19,698 |
| Net Income from Gaming Activities | $187,925 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $174,116 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $5,685 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,098 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $76 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $10,824 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $206,187 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $206,187 |
| Accounts payable and accrued expenses | $2,141 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,141 |
| Net assets without donor restrictions | $204,046 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $206,187 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Louisville Film Arts Institute Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Community Foundation Of Louisville Corporate Depository In Louisville, KY PURPOSE: RECREATION & SPORTS | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Royal Association Kansas City, MO | $28,283,023 | $7,000,256 |
National Automatic Merchandising Association Arlington, VA | $9,038,730 | $6,619,737 |
500 Festival Inc Indianapolis, IN | $6,763,861 | $5,772,745 |
American Peanut Council Inc Alexandria, VA | $2,565,849 | $4,863,109 |
Friends Of The Festival Inc Chattanooga, TN | $2,789,360 | $3,355,227 |
Kentucky Derby Festival Inc Louisville, KY | $6,625,289 | $3,844,478 |
Lorain County Agricultural Society Wellington, OH | $4,929,165 | $4,841,309 |
Norfolk Festevents Ltd Norfolk, VA | $2,813,598 | $4,090,710 |
National D-Day Memorial Foundation Ltd Bedford, VA | $18,908,429 | $4,372,645 |
Virginia Beach Events Unlimited Inc Virginia Beach, VA | $1,283,401 | $2,894,814 |
Kane County Fair St Charles, IL | $21,061,651 | $1,916,331 |
Mercer County Fairgrounds Inc Celina, OH | $1,357,772 | $2,172,389 |