Chicago International Film Festival Inc Cinema-Chicago
- Assets
- $503.0k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 69
- Location
- Chicago, IL
- Founding
- 09/1969
- Data as of
- 12/2023
- EIN
- 36-2545170
Organization Overview
Chicago International Film Festival Inc Cinema-Chicago is located in Chicago, IL. The organization was established in 1969. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Chicago International Film Festival Inc Cinema-Chicago employed 69 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Chicago International Film Festival Inc Cinema-Chicago 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 12/2023, Chicago International Film Festival Inc Cinema-Chicago generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (4.0%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 8 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
CINEMA/CHICAGO, THE NON-PROFIT 501(C)(3) PRESENTING ORGANIZATION OF THE CHICAGO INTERNATIONAL FILM FESTIVAL, ENRICHES THE COMMUNITY THROUGH YEAR-ROUND PROGRAMMING DEVOTED TO INTERNATIONAL AND INDEPENDENT CINEMA. WE STRENGTHEN COMMUNICATION AND INSPIRE EMPATHY AMONG PEOPLE OF DIVERSE CULTURES THROUGH ARTISTIC, EDUCATIONAL, AND CREATIVE DEVELOPMENT PROGRAMS THAT PROMOTE DISCOVERY AND DISCUSSION AND INSPIRE NEW VISIONS OF OUR SHARED FUTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FESTIVALS AND SCREENINGS - INCLUDES THE CHICAGO INTERNATIONAL FILM FESTIVAL (HELD INOCTOBER)WHICH IS NORTH AMERICAS LONGEST-RUNNING COMPETITIVE INTERNATIONAL FILMFESTIVAL AND SEEKS OUT THE BEST IN INTERNATIONAL AND INDEPENDENT CINEMA, DISCOVERINGNEW TALENTS AND OPENING WINDOWS TO A WORLD OF FILM PREVIOUSLY OR OTHERWISEUNAVAILABLE IN CHICAGO. ALSO INCLUDES SUMMER SCREENINGS PROGRAM HELD MAY THROUGHOCTOBER, COMMUNITY CINEMA HELD OCTOBER-DECEMBER, AND MEMBERS SCREENINGS AND CHICAGOINDUSTRY EXCHANGE PROGRAMS HELD YEAR-ROUND.
EDUCATION OUTREACH - INCLUDES CINEYOUTH WHICH IS THE ORGNAIZATIONS ANNUAL FILM FESTIVAL SHOWCASING SHORT FILMS MADE BY FILMMAKERS 22-YEARS-OLD AND YOUNGER FROM AROUND THE WORLD. CREATED IN 2005, CINEYOUTH ENCOURAGES THE TALENT OF YOUNG FILMMAKERS AND SUPPORTS DIVERSE YOUTH VOICES BY PROVIDING OPPORTUNITIES TO HAVE THEIR WORK SHOWCASED, TO LEARN ABOUT FILMMAKING FROM INDUSTRY EXPERTS, AND TO NETWORK WITH THEIR PEERS. HELD ANNUALLY IN CHICAGO, CINEYOUTH OFFERS BOTH IN-THEATRE AND ONLINE FILM SCREENINGS, FILMMAKING WORKSHOPS, LIVE Q&AS, AND MORE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Vivian Teng Executive Dir. | Officer | 40 | $69,500 |
Charles Droege Chairman | OfficerTrustee | 5 | $0 |
Brenda Robinson Secretary | OfficerTrustee | 5 | $0 |
Rohit Panikkar Treasurer | OfficerTrustee | 5 | $0 |
Jacolyn Bucksbaum Exec. Member | OfficerTrustee | 5 | $0 |
Mark Mitten Exec. Member | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $750 |
| Related organizations | $0 |
| Government grants | $251,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $437,400 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $689,150 |
| Total Program Service Revenue | $894,767 |
| Investment income | $3 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$223 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $5,704 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,623,282 |
| 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. | $69,500 |
| Compensation of current officers, directors, key employees. | $5,560 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $514,660 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $55,669 |
| Payroll taxes | $47,164 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $244,573 |
| Advertising and promotion | $49,382 |
| Office expenses | $59,458 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $161,494 |
| Travel | $120,075 |
| 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 | $6,764 |
| Insurance | $6,383 |
| All other expenses | $82,563 |
| Total functional expenses | $1,601,341 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,332 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $197,457 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $3,822 |
| Prepaid expenses and deferred charges | $31,904 |
| Net Land, buildings, and equipment | $2,955 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $80,219 |
| Other assets | $6,353 |
| Total assets | $503,042 |
| Accounts payable and accrued expenses | $99,105 |
| Grants payable | $0 |
| Deferred revenue | $7,810 |
| 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 | $84,215 |
| Total liabilities | $191,130 |
| Net assets without donor restrictions | $145,662 |
| Net assets with donor restrictions | $166,250 |
| 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 | $503,042 |