Industry Productions Inc
- Assets
- $457.1k
- Revenue
- $635.8k
- Investments
- $0.0
- Employees
- 4
- Location
- Los Angeles, CA
- Founding
- 02/2013
- Data as of
- 12/2021
- EIN
- 45-3307896
Organization Overview
Industry Productions Inc, operating under the name The Industry, is located in Los Angeles, CA. The organization was established in 2013. According to its NTEE Classification (A6A) the organization is classified as: Opera, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Industry employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Industry 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, Industry generated $635.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $634.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DEVELOPMENT AND PROMOTION OF THE PERFORMING ARTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTHER (GENERAL OPERATING)
PERFORMING ARTS EVENTS
OPERA RECORDING
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elizabeth Cline Executive Director | Trustee | 40 | $85,000 |
Yuval Sharon Co-Artistic Director | Officer | 40 | $41,875 |
Betsy Greenberg Vice Chairperson | Officer | 2 | $0 |
Christine Adams Treasurer | Officer | 4 | $0 |
Debra Vilinsky Secretary | Officer | 2 | $0 |
Ruth Eliel Chairperson | Officer | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $161,325 |
| All other contributions, gifts, grants, and similar amounts not included above | $442,711 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $604,036 |
| Total Program Service Revenue | $31,756 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $635,792 |
| 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 | $171,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,530 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,480 |
| Fees for services: Accounting | $17,972 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $251,076 |
| Advertising and promotion | $9,354 |
| Office expenses | $4,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,253 |
| Travel | $25,638 |
| 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 | $12,539 |
| All other expenses | $7,464 |
| Total functional expenses | $634,220 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,902 |
| 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 | $94,277 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $24,213 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $738 |
| Total assets | $457,130 |
| Accounts payable and accrued expenses | $37,890 |
| 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 | $159,400 |
| Total liabilities | $197,290 |
| Net assets without donor restrictions | $259,840 |
| 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 | $457,130 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Industry Productions Inc has recieved totaling $5,031.
| Awarding Organization | Amount |
|---|---|
Reinhard Foundation Irvine, CA PURPOSE: ONGOING OPERATIONAL PURPOSES | $5,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
San Francisco Opera Association San Francisco, CA | $369,784,114 | $79,158,489 |
Los Angeles Opera Company Los Angeles, CA | $90,291,254 | $36,995,799 |
Broadway Sacramento Sacramento, CA | $29,155,113 | $19,599,136 |
San Diego Opera Association San Diego, CA | $16,926,315 | $9,586,984 |
Portland Opera Association Inc Portland, OR | $27,962,888 | $6,427,298 |
Arizona Opera Company Phoenix, AZ | $9,811,779 | $5,203,116 |
Merola Opera Program San Francisco, CA | $44,068,195 | $6,981,878 |
Southern Nevada Operating Engineers Journeyman & Apprentice Trng Trust Pasadena, CA | $24,160,853 | $2,787,324 |
Hawaii Opera Theatre Honolulu, HI | $9,881,133 | $2,939,876 |
Opera San Jose Incorporated San Jose, CA | $12,606,207 | $4,136,604 |
Long Beach Opera Long Beach, CA | $345,844 | $1,381,983 |
Woodland Opera House Inc Woodland, CA | $1,596,834 | $1,278,208 |