Fairhope Film Festival Inc
- Assets
- $151.7k
- Revenue
- $84.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Fairhope, AL
- Founding
- 05/2012
- Data as of
- 12/2021
- EIN
- 45-3571368
Organization Overview
Fairhope Film Festival Inc is located in Fairhope, AL. The organization was established in 2012. 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. Fairhope Film Festival 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, Fairhope Film Festival Inc generated $84.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (13.9%) each year. All expenses for the organization totaled $103.1k during the year ending 12/2021. 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
FAIRHOPE FILM FESTIVAL WAS CREATED TO BRING THE BEST IN WORLD CINEMATIC CULTURE TO OUR REGION, TO INTRODUCE OUR AREA AS A VAIABLE LOCATION FOR THE FILM INDUSTRY, TO ENCOURAGE ALABAMA FILMMAKERS, AND TO INCREASE THE STATE AND LOCAL ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAIRHOPE FILM FESTIVAL: PUBLIC INTEREST FILMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary M Riser Executive Director | OfficerTrustee | 30 | $16,399 |
Marshall Riser Secretary | OfficerTrustee | 5 | $0 |
Richard Pate Treasurer | OfficerTrustee | 5 | $0 |
Marion Walker Vice President | OfficerTrustee | 5 | $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 | $68,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,500 |
| Total Program Service Revenue | $15,671 |
| Investment income | $127 |
| 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 | $84,298 |
| 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 | $16,399 |
| 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 | $8,151 |
| 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 | $660 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,204 |
| Advertising and promotion | $14,709 |
| Office expenses | $14,053 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $27,685 |
| Travel | $397 |
| 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 | $1,572 |
| All other expenses | $720 |
| Total functional expenses | $103,087 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,952 |
| Savings and temporary cash investments | $137,283 |
| 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 | $2,500 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $151,735 |
| Accounts payable and accrued expenses | $44 |
| 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 | $44 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $46,696 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $104,995 |
| Total liabilities and net assets/fund balances | $151,735 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Fairhope Film Festival Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
United Bank Charitable Foundation Inc Atmore, AL PURPOSE: FOR GENERAL OPERATING SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Sarasota Film Society Inc Lakewood Ranch, FL | $6,229,550 | $3,181,545 |
Enzian Theatre Inc Maitland, FL | $3,911,986 | $3,550,632 |
Dawning Family Services Inc Tampa, FL | $5,111,125 | $3,709,345 |
Atlanta Jewish Film Society Inc Marietta, GA | $1,057,555 | $1,845,019 |
Sidewalk Film Center And Cinema Inc Birmingham, AL | $3,485,005 | $1,620,388 |
Titus International Institute Chattanooga, TN | $1,012,269 | $1,715,109 |
Palm Beach County Film & Television Commission Inc West Palm Bch, FL | $459,945 | $1,395,583 |
Broward County Film Society Inc Fort Lauderdale, FL | $809,517 | $1,454,783 |
Key West Film Society Inc Key West, FL | $1,254,639 | $635,587 |
Independent Media Artists Of Ga Etc Inc Atlanta, GA | $644,570 | $1,227,603 |
Vision Earth Society Incorporated Miami, FL | $446,491 | $413,499 |
Indie Memphis Memphis, TN | $292,836 | $430,243 |