Loft Cinema Inc is located in Tucson, AZ. The organization was established in 2002. 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 12/2021, Loft Cinema Inc employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Loft Cinema 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 12/2020, Loft Cinema Inc generated $1.8m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $1.9m during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (0.8%) per year over the past 6 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
BUILDING COMMUNITY BY CELEBRATING THE ART AND DIVERSITY OF FILM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEE SCHEDULE O THE LOFT CINEMA IS THE PREMIERE VENUE IN THE SOUTHWESTERN UNITED STATES FOR ART FILMS, FOREIGN, INDEPENDENT, ALTERNATIVE AND CLASSIC NARRATIVE FILMS AND DOCUMENTARIES. THE LOFT OPENED IN 1972 AND TRANSITIONED TO A NONPROFIT IN 2002. IN 2012, THE LOFT MADE A SIGNIFICANT UPGRADE TO THE CINEMA, ADDING A THIRD STATE-OF-THE-ART SCREEN AND BRINGING THE MAIN AUDITORIUM UP TO INDUSTRY STANDARDS FOR DIGITAL PROJECTION. IN 2015, THE LOFT UPGRADED ITS FILM CAPABILITIES TO INCLUDE REEL-TO-REEL 35MM AND 70MM PROJECTION. IN 2016, THE LOFT ACQUIRED AND OUTFITTED A SOLAR VAN TO OFFER MOBILE SCREENING OPPORTUNITIES TO THE REGION. IN 2017, THE LOFT ENGAGED IN THE FIRST MAJOR REHABILITATION AND REDESIGN OF THE MAIN AUDITORIUM SINCE BECOMING A NONPROFIT. OPEN 365 DAYS A YEAR WITH AN AVERAGE OF 15 SCREENINGS PER DAY, THE LOFT PROVIDES A FULL SPECTRUM OF CINEMA EXPERIENCES, WITH AFFORDABLE TICKETS AND MANY FREE SERIES AND EVENTS.PROGRAMMING IS DIVERSE AND INCLUSIVE. IN 2019, THE LAST YEAR OF FULL FILM PROGRAMMING BEFORE THE PANDEMIC, FILMS FROM 42 COUNTRIES WERE SCREENED FOR AUDIENCES THAT INCLUDED THE ENTIRE COMMUNITY OF SOUTHERN ARIZONA, INCLUDING PEOPLE FROM EVERY RACE, GENDER, AGE, SEXUAL ORIENTATION AND INCOME LEVEL.THE LOFT CINEMA'S SIGNATURE EVENTS INCLUDE HOSTING VISITING FILMMAKERS AND SCHOLARS TO DISCUSS THEIR WORK WITH AUDIENCES, LOCAL FILM PREMIERES, ALL-NIGHT HORROR AND SCI-FI MARATHONS, SING-A-LONG EVENTS, THE FREE LOFT KIDS FEST AND MONTHLY LOFT JR. SERIES, AND THE LOFT FILM FEST, WHICH HIGHLIGHTS NEW FILMS ON THE FESTIVAL CIRCUIT AND HONORS SIGNIFICANT FIGURES IN INDEPENDENT CINEMA, INCLUDING ILLEANA DOUGLAS, DON COSCARELLI, EDWARD JAMES OLMOS, AND FUTURE ACADEMY AWARD WINNERS JULIA REICHERT AND STEVEN BOGNAR AT THE 10TH EDITION OF THE FESTIVAL IN 2019. THE LOFT WAS ONE OF 23 CINEMAS TO BECOME AN INAUGURAL MEMBER OF THE SUNDANCE ART HOUSE PROJECT, AN EXTENSION OF THE SUNDANCE FILM FESTIVAL, AND IN 2014 BECAME ONLY THE SECOND AMERICAN CINEMA AND FIRST US FILM FESTIVAL TO BE ACCEPTED INTO THE INTERNATIONAL CONFEDERATION OF ART CINEMAS (CICAE), WHICH BRINGS TOGETHER ABOUT 4,000 SCREENS IN 37 COUNTRIES.THE LOFT CINEMA'S EFFORTS ARE CONSISTENTLY RECOGNIZED THROUGH THE AWARDS OF PRESTIGIOUS STATE AND NATIONAL GRANTS. IN 2019, THE LOFT WAS AWARDED A $42,000 GRANT FROM THE ARIZONA COMMISSION ON THE ARTS FOR GENERAL SUPPORT, AN $8,500 GENERAL OPERATING GRANT FROM THE ARTS FOUNDATION FOR TUCSON AND SOUTHERN ARIZONA, CONTINUED THE "SCIENCE ON SCREEN" PROGRAM WITH A GRANT FROM THE ALFRED P. SLOAN FOUNDATION AND THE COOLIDGE CORNER THEATRE FOUNDATION, AND WAS AGAIN AWARDED A $20,000 GRANT FROM THE NATIONAL ENDOWMENT FOR THE ARTS TO SUPPORT LOFT FILM FEST AND LOFT FILM FEST ON THE ROAD.THE LOFT CINEMA ALSO MAKES AN EFFORT TO HIGHLIGHT AND SUPPORT OTHER LOCAL ORGANIZATIONS AND NONPROFITS. IN 2019, THE LOFT CINEMA PARTNERED WITH 215 NONPROFIT OR COMMUNITY ORGANIZATIONS, HELPING THOSE GROUPS TO RAISE FUNDS AND AWARENESS, AND TO INTRODUCE NEW AUDIENCES TO THE LOFT. THE LOFT ALSO DIRECTLY DONATED GOODS AND SERVICES TO 230 LOCAL NONPROFITS. THE LOFT CINEMA'S LOCAL IMPACT AND VALUE TO THE COMMUNITY IS EVIDENCED BY CONSISTENTLY HIGH ATTENDANCE AND MEMBER ENROLLMENT. MUCH OF THE LOFT CINEMA'S TYPICAL PROGRAMMING WAS DISRUPTED BY THE COVID-19 PANDEMIC IN 2020. AFTER VOLUNTARILY SHUTTING ITS DOORS IN MARCH OF 2020, THE LOFT CINEMA PIVOTED TO DIGITAL DELIVERY OF ITS PROGRAMMING BY OFFERING FILMS FOR RENTAL THROUGH ITS WEBSITE, A PRACTICE THAT WAS AT THE TIME UNHEARD OF AND HAS SINCE BECOME A MODEL. OTHER INITIATIVES AND NEW WAYS OF CONNECTING WITH AUDIENCES CONTINUED THROUGHOUT THE YEAR AND GREW FROM DIGITAL ONLY TO SAFE IN-PERSON ACTIVITIES SUCH AS PRIVATE RENTALS OF THE THEATRE. ANOTHER WILDLY SUCCESSFUL PROGRAM WAS OPEN AIR CINEMA, A SERIES OF NEW AND CLASSIC FILMS SHOWN OUTDOORS IN THE LOFT'S BACK PARKING LOT. THE LOFT'S AUDIENCE RESPONDED WITH MASSIVE SUPPORT, AND 2020 MARKED ONE OF THE LOFT'S BEST FUNDRAISING YEARS.IN 2021, THANKS IN LARGE PART TO THE GOVERNMENTAL AID FUNNELED THROUGH THE PPP AND SVOG PROGRAMS, THE LOFT CINEMA WAS ABLE TO REOPEN TO THE PUBLIC FOR INDOOR SCREENINGS WHILE INVESTING IN SAFETY FOR ITS CUSTOMERS AND EMPLOYEES. THROUGHOUT THE YEAR, OFFERINGS WERE REINTRODUCED AND THE BROAD AND DIVERSE PROGRAMMING OF THE LOFT PICKED BACK UP WHERE IT LEFT OFF.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Peggy Johnson Executive Dir. | Officer | 40 | $101,467 |
Melodie Lopez Secretary | OfficerTrustee | 1 | $0 |
Ron Barber President | OfficerTrustee | 1 | $0 |
Max Mccauslin Treasurer | OfficerTrustee | 1 | $0 |
Tim Fuller Vice President | OfficerTrustee | 1 | $0 |
Dianne Iauco Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $455,010 |
Fundraising events | $17,408 |
Related organizations | $0 |
Government grants | $40,000 |
All other contributions, gifts, grants, and similar amounts not included above | $638,377 |
Noncash contributions included in lines 1a–1f | $41,943 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,150,795 |
Total Program Service Revenue | $528,917 |
Investment income | $1,806 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$53 |
Net Income from Fundraising Events | -$7,120 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $157,931 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,822,149 |
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. | $87,693 |
Compensation of current officers, directors, key employees. | $6,786 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $922,389 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $43,475 |
Payroll taxes | $86,950 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $20,877 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $73,599 |
Advertising and promotion | $16,456 |
Office expenses | $11,051 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $114,231 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $13,053 |
Interest | $54,862 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $137,769 |
Insurance | $31,559 |
All other expenses | $36,456 |
Total functional expenses | $1,877,650 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $147,685 |
Savings and temporary cash investments | $521,419 |
Pledges and grants receivable | $20,594 |
Accounts receivable, net | $25,622 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $8,920 |
Prepaid expenses and deferred charges | $15,019 |
Net Land, buildings, and equipment | $2,668,523 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $5,571 |
Other assets | $103,245 |
Total assets | $3,516,598 |
Accounts payable and accrued expenses | $100,012 |
Grants payable | $0 |
Deferred revenue | $138,211 |
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 | $1,235,980 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $280,290 |
Total liabilities | $1,754,493 |
Net assets without donor restrictions | $1,647,761 |
Net assets with donor restrictions | $114,344 |
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 | $3,516,598 |
Over the last fiscal year, we have identified 3 grants that Loft Cinema Inc has recieved totaling $4,742.
Awarding Organization | Amount |
---|---|
Bess Spiva Timmons Foundation Inc Eugene, OR PURPOSE: GENERAL SUPPORT. | $3,000 |
Robert & Arnold Hoffman Foundation New York, NY PURPOSE: HUMANITARIAN | $1,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $242 |
Organization Name | Assets | Revenue |
---|---|---|
International Documentary Association Inc Los Angeles, CA | $8,198,815 | $12,252,709 |
Utah Film Center Dba Salt Lake City Film Center And Salt Lake City, UT | $1,781,508 | $12,427,542 |
Film Independent Inc Los Angeles, CA | $7,465,634 | $11,527,723 |
Array Alliance Inc Encino, CA | $23,025,170 | $9,034,009 |
Santa Barbara International Film Festival Inc Santa Barbara, CA | $7,671,000 | $6,230,884 |
Denver Film Society Denver, CO | $6,290,758 | $7,875,094 |
California Film Institute San Rafael, CA | $8,333,182 | $5,073,101 |
National Film Preserve Ltd Berkeley, CA | $40,155,231 | $15,232,996 |
Bfca Los Angeles, CA | $405,968 | $4,064,869 |
San Francisco Film Society San Francisco, CA | $2,689,392 | $4,948,774 |
Outfest Los Angeles, CA | $414,961 | $3,920,238 |
Bay Area Video Coalition Inc San Francisco, CA | $1,856,423 | $3,177,189 |