The Producers Club Of Maryland Inc
- Assets
- $15.6m
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 13
- Location
- Baltimore, MD
- Founding
- 11/1993
- Data as of
- 12/2021
- EIN
- 52-1828837
Organization Overview
The Producers Club Of Maryland Inc is located in Baltimore, MD. The organization was established in 1993. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Producers Club Of Maryland Inc employed 13 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Producers Club Of Maryland 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, Producers Club Of Maryland Inc generated $1.2m 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 (13.0%) each year. All expenses for the organization totaled $1.5m 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
SEE SCHEDULE O.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2017, THE CORPORATION GREW FROM A FIVE-DAY FILM FESTIVAL INTO THE OWNER AND OPERATOR OF A THREE SCREEN, YEAR-ROUND MOVIE THEATER, THE STAVROS NIARCHOS FOUNDATION PARKWAY-LEADING AN EFFORT TO TRANSFORM THE ROLE OF FILM AND FILM CULTURE IN MARYLAND. BALTIMORE'S NEWEST CULTURAL HUB, THE SNF PARKWAY THEATRE PROVIDES YEAR-ROUND FILM, DIGITAL VIDEO, EDUCATIONAL OFFERINGS, COMMUNITY INITIATIVES, SPECIAL EVENTS, AND LIVE MUSIC CONCERTS IN STATION NORTH ARTS & ENTERTAINMENT DISTRICT, THE GEOGRAPHIC CENTER OF BALTIMORE CITY. THE ORGANIZATION HAS ALSO PARTNERED WITH THE JOHNS HOPKINS UNIVERSITY AND MARYLAND INSTITUTE COLLEGE OF ART ("MICA") JOINT GRADUATE FILM STUDIES PROGRAM TO USE THE SPACE AS BOTH CLASSROOM, SCREENING, AND EDUCATION SPACE, OFFERING THE COMMUNITY AN EDUCATIONAL COMPONENT TO THE ORGANIZATION'S FILM OFFERINGS. THE WORLD-WIDE SPREAD OF A NOVEL CORONAVIRUS ("COVID-19") AND RELATED VARIANTS IN 2020 DRAMATICALLY ALTERED THE CORPORATION'S ACTIVITIES. STATE OF MARYLAND AND BALTIMORE CITY COVID-19 EXECUTIVE ORDERS FORCED THE CORPORATION TO CLOSE ITS FLAGSHIP PARKWAY THEATRE ON MARCH 13, 2020, AND THE THEATRE REMAINED CLOSED TO THE PUBLIC UNTIL AUGUST 2021 DUE TO THE ENDURING PANDEMIC. TO CONTINUE TO SERVE AUDIENCES AND THE COMMUNITY WITH MEMORABLE FILM AND CULTURAL EXPERIENCES, MANAGEMENT QUICKLY PIVOTED TO DEVELOP AND LAUNCH ONE OF THE FIRST VIRTUAL MOVIE THEATER AND LIVE-STREAM PLATFORMS IN THE UNITED STATES IN APRIL 2020 AND TRANSITIONED ITS SIGNATURE PROGRAM, THE MARYLAND FILM FESTIVAL, ONLINE FOR BOTH 2020 AND 2021. COVID-19 BUSINESS DISRUPTIONS HAVE BEEN EXTENSIVE IN BOTH THE CITY OF BALTIMORE AND OUR STATION NORTH NEIGHBORHOOD, AND THE CORPORATION EXPECTS A MINIMUM THREE-YEAR RECOVERY TIMELINE BEFORE A RETURN TO A NORMALIZED BUSINESS ENVIRONMENT FOR OPTIMAL REVENUE GENERATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sandra Gibson Executive Director | OfficerTrustee | 60 | $0 |
Scot Spencer Chair | OfficerTrustee | 4 | $0 |
Michael Mandel Treasurer | OfficerTrustee | 2 | $0 |
Camille Blake Fall Vice Chair | OfficerTrustee | 1 | $0 |
Ed Bernard Vice Chair | OfficerTrustee | 2 | $0 |
Dan Cronin Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sandra L Gibson & Associates Llc Executive Director Contract | 12/30/21 | $180,000 |
C Suite Complete Llc Cfo Advisory Services | 12/30/21 | $115,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,454 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $665,784 |
| All other contributions, gifts, grants, and similar amounts not included above | $619,460 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,293,698 |
| Total Program Service Revenue | -$252,042 |
| Investment income | $88,337 |
| 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 | $1,234,515 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $15,000 |
| 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 | $614,997 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $21,674 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $114,733 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,482 |
| Advertising and promotion | $14,575 |
| Office expenses | $0 |
| Information technology | $27,339 |
| Royalties | $0 |
| Occupancy | $234,539 |
| Travel | $4,976 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $105,254 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $111,416 |
| Insurance | $56,768 |
| All other expenses | $25,307 |
| Total functional expenses | $1,522,175 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,611,751 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,517,333 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $9,754,400 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $23,559 |
| Net Land, buildings, and equipment | $894,436 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $469,421 |
| Intangible assets | $0 |
| Other assets | $360,119 |
| Total assets | $15,631,019 |
| Accounts payable and accrued expenses | $40,560 |
| 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 | $1,738,897 |
| Unsecured mortgages and notes payable | $103,210 |
| Other liabilities | $489,416 |
| Total liabilities | $2,372,083 |
| Net assets without donor restrictions | $12,274,355 |
| Net assets with donor restrictions | $984,581 |
| 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 | $15,631,019 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Producers Club Of Maryland Inc has recieved totaling $83,250.
| Awarding Organization | Amount |
|---|---|
T Rowe Price Program For Charitable Giving Inc Baltimore, MD PURPOSE: MULTIPLE | $83,250 |
Endowment Analysis
| Beg. Balance | $70,199 |
| Ending Balance | $70,199 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Riverfront Development Corporation Of Delaware Wilmington, DE | $140,150,021 | $1,670,893 |
East Baltimore Development Inc Baltimore, MD | $12,751,192 | $30,262,944 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Montgomery County Economic Development Corporation Rockville, MD | $2,827,028 | $7,933,113 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Dauphin County Economic Development Corporation Harrisburg, PA | $8,424,591 | $10,449,757 |
Ben Franklin Technology Partners Of Northeastern Pennsylvania Inc Bethlehem, PA | $58,069,128 | $6,233,285 |
Greater Pittsburgh Convention & Visitors Bureau Inc Pittsburgh, PA | $10,210,665 | $8,196,256 |