Huron Valley Film Organization
- Assets
- $114.7k
- Revenue
- $153.0k
- Investments
- $0.0
- Employees
- 3
- Location
- Milford, MI
- Founding
- Data as of
- 12/2023
- EIN
- 85-3221988
Organization Overview
Huron Valley Film Organization, operating under the name Milford Independent Cinema, is located in Milford, MI. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Milford Independent Cinema employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Milford Independent Cinema 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, Milford Independent Cinema generated $153.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 73.2% each year . All expenses for the organization totaled $164.2k 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
TO BE A CENTER FOR FILM AND ALLIED ARTS IN THE HURON VALLEY COMMUNITY, A CULTURAL AND SOCIAL HUB
Describe the Organization's Program Activity:
Part 3 - Line 4a
VENUE INCOME AND TICKET SALES LESS CCCUPANCY EXPENSES, ADVERTISING, INSURANCE, MOVIE RIGHTS, SQUARE PERMIT FEES, AND EQUIPMENT REPAIRS.
PAYROLL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stefanie Farquarson President | OfficerTrustee | 1 | $0 |
Bryan Gutierrez Vice President | OfficerTrustee | 1 | $0 |
Diane Perry Treasurer | OfficerTrustee | 1 | $0 |
Steve Chisiik Secretary | OfficerTrustee | 1 | $0 |
Richard Trice Member At Large | Trustee | 0.5 | $0 |
Ryan Wiltse Member At Large | Trustee | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,410 |
| Fundraising events | $1,996 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $48,351 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $52,757 |
| Total Program Service Revenue | $49,646 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $27,159 |
| 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 | $23,413 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $152,975 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,675 |
| 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 | $42,023 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $7,925 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,149 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $3,348 |
| Office expenses | $1,840 |
| Information technology | $2,155 |
| Royalties | $0 |
| Occupancy | $61,541 |
| Travel | $1,928 |
| 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 | $2,298 |
| All other expenses | $1,349 |
| Total functional expenses | $164,201 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,223 |
| Savings and temporary cash investments | $0 |
| 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 | $765 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $68,740 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $114,728 |
| Accounts payable and accrued expenses | $12,127 |
| 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 | $12,127 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| 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 | $102,601 |
| Total liabilities and net assets/fund balances | $114,728 |