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 12/2023, Producers Club Of Maryland Inc employed 11 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 12/2023, Producers Club Of Maryland Inc generated $569.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (17.6%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. 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
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 THREESCREEN, YEAR-ROUND MOVIE THEATER COMPLEX, 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 AND MEDIA STUDIES PROGRAM TO USE THE SPACE AS BOTH A CLASSROOM, SCREENING, AND EDUCATION SPACE, OFFERING THE COMMUNITY ACCESS TO AN EDUCATIONAL COMPONENT TO THE ORGANIZATION'S FILM OFFERINGS. THE WORLD-WIDE SPREAD OF A NOVEL CORONAVIRUS ("COVID-19") AND RELATED VARIANTS IN 2020 AND 2021 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 LIVESTREAM PLATFORMS IN THE UNITED STATES IN APRIL 2020 AND TRANSITIONED ITS SIGNATURE PROGRAM, THE MARYLAND FILM FESTIVAL, ONLINE FOR BOTH 2021 AND 2022. THE ENDURING COVID-19 PANDEMIC CREATED NEW CHALLENGES FOR THE FILM FESTIVAL AS IT DID FOR COUNTLESS OTHER ARTS ORGANIZATIONS. THE FILM INDUSTRY EXPERIENCED DRAMATIC CHANGES, AND FILMGOERS' HABITS CHANGED AND CONTINUE TO EVOLVE. THE ORGANIZATION WAS EXCITED ABOUT THE PROMISE OF AUDIENCES RETURNING WHEN THE PARKWAY THEATRE REOPENED IN AUGUST 2021, BUT ATTENDANCE AT THE ANNUAL FESTIVAL, SCREENINGS AND EVENTS HAS NOT RETURNED TO PRE-PANDEMIC LEVELS. GIVEN THESE CONTINUING CHALLENGES, THE MARYLAND FILM FESTIVAL BOARD OF DIRECTORS MADE THE DIFFICULT DECISION TO SCALE BACK THE ORGANIZATION'S OPERATIONS AND PAUSE SCREENINGS, PROGRAMS, AND EVENTS. WITH PUBLIC EVENTS PAUSED, THE MARYLAND FILM FESTIVAL HAS PRIORITIZED AND UNDERTAKEN A RE-ENVISIONING PROCESS TO DEVELOP A NEW BUSINESS MODEL AND PLAN THAT WILL CHART THE FUTURE TRAJECTORY OF THE ORGANIZATION,INCLUDING THE ANNUAL FILM FESTIVAL, AND THE OPERATIONS OF THE PARKWAY THEATRE. THE 2023 FILM FESTIVAL WAS POSTPONED, AND THE BOARD HAS COMMITTED TO MOUNTING A MEMORABLE 25TH ANNIVERSARY FESTIVAL IN THE SPRING OF 2024. THE CORPORATION'S GOAL IS TO ENSURE THAT THE ORGANIZATION REMAINS A VITAL COMMUNITY ASSET FOR MANY YEARS TO COME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Scot Spencer Chair | OfficerTrustee | 4 | $0 |
Samuel Hoi Director - Outgoing | Trustee | 0.25 | $0 |
Ronald J Daniels Director | Trustee | 0.25 | $0 |
Paula Rome Director - Outgoing | Trustee | 0.25 | $0 |
Michael Mandel Treasurer - Outgoing | OfficerTrustee | 2 | $0 |
Matthew Poovan Director | Trustee | 0.5 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Sandra L Gibson & Associates Llc Executive Director Contract | 12/30/23 | $219,593 |
C Suite Complete Llc Cfo Advisory Services | 12/30/23 | $144,500 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $310,210 |
All other contributions, gifts, grants, and similar amounts not included above | $379,690 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $689,900 |
Total Program Service Revenue | -$148,584 |
Investment income | $28,505 |
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 | $569,821 |
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 | $392,978 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $13,421 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $10,318 |
Fees for services: Accounting | $154,160 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $144 |
Advertising and promotion | $6,693 |
Office expenses | $0 |
Information technology | $32,084 |
Royalties | $0 |
Occupancy | $261,403 |
Travel | $777 |
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 | $127,335 |
Insurance | $57,600 |
All other expenses | $5,049 |
Total functional expenses | $1,247,315 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $2,173,694 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $112,726 |
Accounts receivable, net | $1,353,671 |
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 | $28,147 |
Net Land, buildings, and equipment | $756,709 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $4,359,584 |
Intangible assets | $0 |
Other assets | $7,636 |
Total assets | $18,546,567 |
Accounts payable and accrued expenses | $43,415 |
Grants payable | $0 |
Deferred revenue | $5,000 |
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 | $0 |
Other liabilities | $751,794 |
Total liabilities | $2,539,106 |
Net assets without donor restrictions | $15,626,353 |
Net assets with donor restrictions | $381,108 |
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 | $18,546,567 |