Sundance Institute
- Assets
- $75.4m
- Revenue
- $45.0m
- Investments
- $9.8m
- Employees
- 505
- Location
- Park City, UT
- Founding
- 02/1981
- Data as of
- 08/2023
- EIN
- 87-0361394
Organization Overview
Sundance Institute is located in Park City, UT. The organization was established in 1981. 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 08/2023, Sundance Institute employed 505 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sundance Institute 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 08/2023, Sundance Institute generated $45.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $49.3m during the year ending 08/2023. While expenses have increased by 2.4% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Sundance Institute has awarded 553 individual grants totaling $12,829,921. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUNDANCE INSTITUTE IS A NONPROFIT ORGANIZATION DEDICATED TO THE DISCOVERY AND DEVELOPMENT OF INDEPENDENT ARTISTS AND AUDIENCES. THROUGH ITS PROGRAMS, THE INSTITUTE SEEKS TO - CONTINUED IN GENERAL FOOTNOTE 1
Describe the Organization's Program Activity:
SUNDANCE FILM FESTIVAL PROGRAM THE 2023 SUNDANCE FILM FESTIVAL PRESENTED 101 FEATURE-LENGTH FILMS REPRESENTING 23 COUNTRIES. THE PROGRAM WAS COMPRISED OF 32 OF 115 (28%) FEATURE FILM DIRECTORS WHO WERE FIRST-TIME FEATURE FILMMAKERS, AND 17 OF THE FEATURE FILMS AND PROJECTS WERE SUPPORTED BY SUNDANCE INSTITUTE IN DEVELOPMENT THROUGH DIRECT GRANTING OR RESIDENCY LABS. 93 OF THE FESTIVAL'S FEATURE FILMS, OR 94% WERE WORLD PREMIERES. SEE SCHEDULE O FOR FULL STATEMENT
DESCRIPTION EXPENSES GRANTS INCLUDED FEATURE FILM PROGRAM 2,515,511 142,300 INDIGENOUS PROGRAM 693,897 63,500 EQUITY, IMPACT, & BELONGING 2,648,440 699,500 PRODUCERS PROGRAM 1,455,639 105,000 EPISODIC PROGRAM 648,526 11,000 PUBLIC PROGRAMMING 894,381 0 COLLAB 2,316,083 0 INNOVATION FUND ENDOWMENT 175,000 0
DOCUMENTARY FILM PROGRAM THE DOCUMENTARY FILM PROGRAM ("DFP") PROVIDES FINANCIAL AND CREATIVE RESOURCES TO NONFICTION FILMMAKERS AROUND THE WORLD. THROUGH OPEN APPLICATIONS, THE DOCUMENTARY FUND PROVIDES MORE THAN TWO MILLION DOLLARS IN NON RECOUPABLE FILM FINANCING EACH YEAR, AND LABS FOCUSED ON EDITING AND PRODUCING SUPPORT BOTH EMERGING AND EXPERIENCED MAKERS. DFP-SUPPORTED ARTISTS ALSO RECEIVE ONGOING STRATEGIC AND CREATIVE SUPPORT THROUGHOUT THE LIFE CYCLE OF THEIR FILM.
THE DIGITAL FESTIVAL PROVIDED ACCESS TO THE SUNDANCE FILM FESTIVAL PROGRAM THROUGH ITS ONLINE PLATFORM AND EXPANDED THE ORGANIZATION'S REACH AND ACCESSIBILITY TO PATRONS AROUND THE WORLD. THE PROGRAM INCLUDED FEATURE FILMS, EPISODICS AND NEW FRONTIER EXHIBITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joana Vicente Kliot Chief Execut | Officer | 40 | $590,610 |
Helen Wallace Managing Dir | Officer | 40 | $368,681 |
Michelle Satter Dir Artist P | Officer | 40 | $301,165 |
Tabitha Jackson Dir Sundance | 40 | $296,542 | |
Trista Schroeder General Coun | Officer | 40 | $239,100 |
Carrie Lozano Dir Docu& Ar | Officer | 40 | $206,421 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Think Systems Inc Project Mgmt | 8/30/23 | $959,762 |
Anshar Labs Inc Software Dev. | 8/30/23 | $846,200 |
Bluewater Technologies Group Project Mgmt | 8/30/23 | $549,849 |
Dan And Ben Production Company Llc Project Mgmt | 8/30/23 | $404,002 |
Ward Benjamin J Tech Consulting | 8/30/23 | $240,271 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $381,513 |
| Fundraising events | $1,031,440 |
| Related organizations | $0 |
| Government grants | $5,214,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,412,415 |
| Noncash contributions included in lines 1a–1f | $1,025,693 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $30,039,765 |
| Total Program Service Revenue | $13,805,826 |
| Investment income | $1,234,804 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $104,929 |
| Net Rental Income | $81,968 |
| Net Gain/Loss on Asset Sales | -$225,387 |
| Net Income from Fundraising Events | -$433,446 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $250,223 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $45,006,005 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,390,300 |
| Grants and other assistance to domestic individuals. | $657,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $718,000 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,825,773 |
| Compensation of current officers, directors, key employees. | $898,846 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $18,054,592 |
| Pension plan accruals and contributions | $323,823 |
| Other employee benefits | $2,051,224 |
| Payroll taxes | $1,532,501 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $49,715 |
| Fees for services: Accounting | $102,098 |
| Fees for services: Lobbying | $60,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $141,119 |
| Fees for services: Other | $6,349,133 |
| Advertising and promotion | $496,732 |
| Office expenses | $2,058,446 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $6,430,594 |
| Travel | $1,182,217 |
| 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 | $1,149,807 |
| Insurance | $388,342 |
| All other expenses | $554,905 |
| Total functional expenses | $49,251,808 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,500 |
| Savings and temporary cash investments | $15,461,767 |
| Pledges and grants receivable | $19,413,919 |
| Accounts receivable, net | $31,129 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,800 |
| Prepaid expenses and deferred charges | $730,152 |
| Net Land, buildings, and equipment | $2,364,114 |
| Investments—publicly traded securities | $24,712,727 |
| Investments—other securities | $9,843,374 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,801,137 |
| Total assets | $75,369,619 |
| Accounts payable and accrued expenses | $3,608,125 |
| Grants payable | $0 |
| Deferred revenue | $1,433,921 |
| 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 | $2,304,802 |
| Total liabilities | $7,346,848 |
| Net assets without donor restrictions | $11,282,085 |
| Net assets with donor restrictions | $56,740,686 |
| 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 | $75,369,619 |
Grants Awarded
Over the last fiscal year, Sundance Institute has awarded $1,362,500 in support to 59 organizations.
| Grant Recipient | Amount |
|---|---|
2921 LLC PURPOSE: FILMMAKING | $35,000 |
5TH CHILD FILMS LLC PURPOSE: FILMMAKING | $7,000 |
422LUXE LP PURPOSE: FILMMAKING | $6,250 |
ADO ATO PICTURES LLC PURPOSE: FILMMAKING | $25,000 |
ADOPTED PRODUCTIONS LLC PURPOSE: FILMMAKING | $7,000 |
BAILANDER PRODUCTIONS LLC PURPOSE: FILMMAKING | $10,000 |