Colorado Film Institute
- Assets
- $205.8k
- Revenue
- $236.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Eden Prairie, MN
- Founding
- 04/2003
- Data as of
- 12/2020
- EIN
- 33-1043430
Organization Overview
Colorado Film Institute is located in Eden Prairie, MN. The organization was established in 2003. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado Film Institute 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 12/2020, Colorado Film Institute generated $236.5k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $116.5k during the year ending 12/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF COLORADO FILM INSTITUTE IS TO FOSTER INDEPENDENT FILM THROUGH SCREENINGS, PANELS, WORKSHOPS, NETWORKING EVENTS, AND EDUCATION PROJECTS. THE ORGANIZATION STAGES THE VAIL FILM FESTIVAL ON AN ANNUAL BASIS IN VAIL, COLORADO AS THEIR PRIMARY OUTLET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
VAIL FILM FESTIVAL - THE VAIL FILM FESTIVAL IS AN ANNUAL EVENT THAT INCLUDES FILM SCREENINGS AND EDUCATIONAL PROGRAMS. THE VAIL FILM FESTIVAL HAS HOSTED OVER 5000 FILMMAKERS AND SCREENED OVER 1000 FILMS, AND BEEN NAMED "ONE OF THE TOP DESTINATION FILM FESTIVALS." THE FESTIVAL SERVES AS A PLATFORM FOR ASPIRING FILMMAKERS TO GAIN RECOGNITION AND FURTHER THEIR FILMMAKING EDUCATION, AND ALSO SERVES TO SHOWCASE ORIGINAL INDEPENDENT FILMS TO FILM FANS FROM THROUGHOUT COLORADO AND BEYOND.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Raoul Naude Co-President | OfficerTrustee | 20 | $13,000 |
David Naude Co-President And Secretary | OfficerTrustee | 20 | $0 |
Judith Landau Board Member | Trustee | 2 | $0 |
Pamela Lessing Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $185,522 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $185,522 |
| Total Program Service Revenue | $43,534 |
| Investment income | $10 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $7,390 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,456 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $2,196 |
| Fees for services: Accounting | $5,008 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $34,300 |
| Advertising and promotion | $18,903 |
| Office expenses | $13,530 |
| Information technology | $5,362 |
| Royalties | $0 |
| Occupancy | $3,923 |
| Travel | $11,572 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $8,790 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,921 |
| All other expenses | $0 |
| Total functional expenses | $116,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $78,979 |
| Savings and temporary cash investments | $101,777 |
| 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 | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $205,756 |
| Accounts payable and accrued expenses | $0 |
| 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 | $32,599 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $101,400 |
| Other liabilities | $0 |
| Total liabilities | $133,999 |
| Net assets without donor restrictions | $71,757 |
| 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 | $205,756 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Milwaukee Film Inc Milwaukee, WI | $11,142,698 | $5,451,115 |
Filmnorth St Paul, MN | $1,125,658 | $2,207,812 |
Only A Dim Image Productions Stillwater, MN | $2,381,052 | $1,695,950 |
Minnesota Motion Picture And Television Board Inc Minneapolis, MN | $115,155 | $1,444,008 |
Filmscene Iowa City, IA | $4,227,743 | $1,496,173 |
The Film Society Of Minneapolis St Paul Minneapolis, MN | $484,484 | $770,520 |
Foundation For The Exhibition Of Photography Minneapolis, MN | $749,878 | $422,523 |
Production Farm Inc Whitelaw, WI | $492,060 | $608,112 |
Twin Cities International Film Festival St Louis Park, MN | $44,643 | $318,760 |
Julien Dubuque International Film Festival Dubuque, IA | $40,216 | $238,170 |
Human Family Inc Fargo, ND | $43,171 | $0 |
Frozen River Film Festival Winona, MN | $90,525 | $156,902 |