Palm Springs International Film Society
- Assets
- $7.6m
- Revenue
- $1.7m
- Investments
- $4.0m
- Employees
- 77
- Location
- Palm Springs, CA
- Founding
- 10/1990
- Data as of
- 03/2022
- EIN
- 95-1641910
Organization Overview
Palm Springs International Film Society is located in Palm Springs, CA. The organization was established in 1990. According to its NTEE Classification (N52) the organization is classified as: Fairs, under the broad grouping of Recreation & Sports and related organizations. As of 03/2022, Palm Springs International Film Society employed 77 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Palm Springs International Film Society 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 03/2022, Palm Springs International Film Society generated $1.7m 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 (10.4%) each year. All expenses for the organization totaled $2.8m during the year ending 03/2022. As we would expect to see with falling revenues, expenses have declined by (4.1%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE A WIDE VARIETY OF FILM EXPERIENCES AND EDUCATIONAL PROGRAMS TO THE COACHELLA VALLEY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE EDUCATIONAL AND CULTURAL PRESENTATIONS TO MEMBERS OF THE COMMUNITY AND THE EXHIBITION OF NEW ARTISTIC WORKS BY INDEPENDENT NON-COMMERCIAL NEW FILM MAKERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rhea Woodson Managing Director | 40 | $111,800 | |
Liliana Rodriguez Artistic Director | 40 | $108,000 | |
Harold Matzner Chairman | OfficerTrustee | 10 | $0 |
David Baron Vice Chairperson/treasurer | OfficerTrustee | 1 | $0 |
Joann Mcgrath Vice Chairperson | OfficerTrustee | 1 | $0 |
Helene Galen Vice Chairperson | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Media Sales Media Services | 3/30/22 | $250,000 |
Cym Lighting Equipment Services | 3/30/22 | $147,414 |
Gps Asset Management Facilities Rental | 3/30/22 | $102,395 |
Variety Media Media Services | 3/30/22 | $100,200 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $163,203 |
| Fundraising events | $54,000 |
| Related organizations | $0 |
| Government grants | $1,716,127 |
| All other contributions, gifts, grants, and similar amounts not included above | $51,704 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,985,034 |
| Total Program Service Revenue | $332,146 |
| Investment income | $223,800 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $168,436 |
| Net Income from Fundraising Events | -$978,701 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $3,721 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,734,436 |
| 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 | $865,363 |
| Pension plan accruals and contributions | $66,050 |
| Other employee benefits | $0 |
| Payroll taxes | $91,942 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $210,950 |
| Advertising and promotion | $478,912 |
| Office expenses | $6,205 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $154,242 |
| Travel | $35,045 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $512 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,945 |
| Insurance | $23,712 |
| All other expenses | $335,018 |
| Total functional expenses | $2,751,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,488,836 |
| Savings and temporary cash investments | $225,367 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $284,973 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $1,188 |
| Prepaid expenses and deferred charges | $83,373 |
| Net Land, buildings, and equipment | $64,332 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $4,015,068 |
| Investments—program-related | $0 |
| Intangible assets | $1,371,041 |
| Other assets | $68,041 |
| Total assets | $7,602,219 |
| Accounts payable and accrued expenses | $8,972 |
| 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 | $9,725 |
| Other liabilities | $595,505 |
| Total liabilities | $614,202 |
| Net assets without donor restrictions | $6,968,017 |
| Net assets with donor restrictions | $20,000 |
| 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 | $7,602,219 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Palm Springs International Film Society has recieved totaling $242,682.
| Awarding Organization | Amount |
|---|---|
John F Grundhofer Charitable Foundation Milwaukee, WI PURPOSE: GENERAL OPERATING | $50,000 |
| $50,000 | |
Jewish Community Fdn Of The Jewish Federation Council Of Greater La Los Angeles, CA PURPOSE: GENERAL SUPPORT | $50,000 |
Highland Street Connection Newton, MA PURPOSE: FOR ARTS AND CULTURE. | $26,000 |
Rumchata Foundation Inc Vernon Hills, IL PURPOSE: ENCOURING NEW FILM TALENT AND PROMOTING FILM AS A CROSS-CULTURAL MEDIUM. EIN: 95-1641910 | $25,000 |
Brookbank Foundation Inc Grafton, WI PURPOSE: CONTIBUTION PROVIDED | $21,000 |
Endowment Analysis
| Beg. Balance | $5,545,234 |
| Earnings | $195,201 |
| Other Expense | $1,500,000 |
| Ending Balance | $4,240,435 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Alameda County Agricultural Fair Association Pleasanton, CA | $25,128,920 | $22,272,124 |
San Mateo County Expostion And Fair Association San Mateo, CA | $12,291,623 | $16,007,611 |
San Diego Comic Convention San Diego, CA | $43,401,363 | $7,260,590 |
Fairweather Foundation Minden, NV | $0 | $533,390 |
Southwestern Fair Commission Inc Tucson, AZ | $10,447,798 | $10,245,189 |
Sonoma County Fair & Exposition Inc Santa Rosa, CA | $17,626,127 | $9,756,365 |
Santa Clara County Fair Grounds Management Corporation Inc San Jose, CA | $6,944,822 | $8,647,044 |
California Hotel & Lodging Association Sacramento, CA | $2,645,077 | $3,327,105 |
Solano County Fair Association Vallejo, CA | $3,212,783 | $5,027,208 |
Palm Springs International Film Society Palm Springs, CA | $7,602,219 | $1,734,436 |
Christmas In The Park San Jose, CA | $1,177,728 | $2,488,885 |
San Joaquin County Junior Show And Auction Council Stockton, CA | $530,126 | $2,131,504 |