Sag Harbor Cinema Arts Center Inc
- Assets
- $19.7m
- Revenue
- $3.5m
- Investments
- $0.0
- Employees
- 37
- Location
- Sag Harbor, NY
- Founding
- 01/2018
- Data as of
- 12/2023
- EIN
- 61-1850154
Organization Overview
Sag Harbor Cinema Arts Center Inc is located in Sag Harbor, NY. The organization was established in 2018. According to its NTEE Classification (A65) the organization is classified as: Theater, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Sag Harbor Cinema Arts Center Inc employed 37 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sag Harbor Cinema Arts Center 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, Sag Harbor Cinema Arts Center Inc generated $3.5m in total revenue. All expenses for the organization totaled $3.9m during the year ending 12/2023.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE SAG HARBOR CINEMA ARTS CENTER, INC PLANS TO RESTORE THE SAG HARBOR CINEMA AND TO PRESERVE THE HISTORIC NATURE OF MAIN STREET IN DOWNTOWN SAG HARBOR, NEW YORK, PROVIDE THE COMMUNITY OF THE EAST END OF LONG ISLAND, NEW YORK, EXPOSURE TO FIRST-RUN, INDEPENDENT, FOREIGN AND DOCUMENTARY FILMS THAT APPEAL TO NEW AUDIENCES AND UNDERSERVED MARKET SEGMENTS, AS WELL AS CONDUCT PROGRAMS PROVIDING CINEMA-ORIENTED EDUCATION, PROGRAMMING AND OUTREACH FOR THE GENERAL COMMUNITY OF SAG HARBOR AND EASTERN LONG ISLAND, NEW YORK. THE SHCAC IS INTENDED TO BE OPERATED TO ENHANCE: CULTURAL VITALITY BY MAINTAINING THE CINEMA'S ORIGINAL ARCHITECTURAL CHARACTER AND IDENTITY MAKING THE CINEMA AN ATTRACTION AND DESTINATION FOR A WIDE AUDIENCE; COMMUNITY PROGRAMMING BY WORKING WITH LOCAL SCHOOL DISTRICTS, COMMUNITY ORGANIZATIONS AND LOCAL YOUTH ORGANIZATIONS TO EXPOSE PARTICIPANTS TO THE CULTURAL AND FILM INDUSTRY THAT MAY NOT OTHERWISE HAVE THE OPTION, FURTHER ANCHORING SAG HARBOR AS A PLACE THAT FOSTERS RELA
Describe the Organization's Program Activity:
Part 3 - Line 4a
RESTORATION OF CINEMA IN SAG HARBOR, NEW YORK.
TO PROVIDE THE COMMUNITY OF THE EAST END OF LONG ISLAND, NEW YORK EXPOSURE TO FIRST-RUN, INDEPENDENT, FOREIGN AND DOCUMENTARY FILMS THAT APPEAL TO NEW AUDIENCES AND UNDERSERVED MARKET SEGMENTS
TO CONDUCT PROGRAMS PROVIDING CINEMA-ORIENTED EDUCATION, PROGRAMMING AND OUTREACH FOR THE GENERAL COMMUNITY OF SAG HARBOR AND EASTERN LONG ISLAND, NEW YORK.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Alschuler President | OfficerTrustee | $0 | |
Wendy Keys Vice Preside | OfficerTrustee | $0 | |
Susan Mead Treasurer | OfficerTrustee | $0 | |
Hilary Loomis Secretary | OfficerTrustee | $0 | |
April Gornick Director | Trustee | $0 | |
Bill Collage Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $284,419 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $184,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $836,793 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,305,712 |
| Total Program Service Revenue | $1,688,634 |
| Investment income | $36,037 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $163,742 |
| Net Gain/Loss on Asset Sales | $10,948 |
| Net Income from Fundraising Events | $323,573 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,528,646 |
| 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 | $1,253,762 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $139,152 |
| Payroll taxes | $134,650 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,502 |
| Fees for services: Accounting | $17,300 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,376 |
| Advertising and promotion | $16,586 |
| Office expenses | $27,337 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $68,162 |
| Travel | $14,420 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $110,014 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $645,098 |
| Insurance | $78,962 |
| All other expenses | $360,388 |
| Total functional expenses | $3,872,035 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $574,513 |
| Savings and temporary cash investments | $584 |
| 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 | $20,765 |
| Prepaid expenses and deferred charges | $38,727 |
| Net Land, buildings, and equipment | $8,452,688 |
| Investments—publicly traded securities | $251,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,386,021 |
| Total assets | $19,725,110 |
| Accounts payable and accrued expenses | $68,278 |
| 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 | $1,646,049 |
| Total liabilities | $1,714,327 |
| Net assets without donor restrictions | $17,735,533 |
| Net assets with donor restrictions | $275,250 |
| 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 | $19,725,110 |