LIGHT INDUSTRY CINEMA PROJECTS LTD

EIN: 263067360 501(c)(3) Arts, Culture & Humanities

Brooklyn, NY

Total Revenue
$226,957
Total Expenses
$198,327
Total Assets
$39,738
Net Assets
$39,738
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
NY
Principal Officer
Edward Halter
Phone
6467291047
Tax Period
2023-08-01 to 2024-07-31

LIGHT INDUSTRY CINEMA PROJECTS LTD, founded in 2008, is a small nonprofit in the Arts, Culture & Humanities sector that reported $227K in total revenue in fiscal year 2023. Revenue surged 31% from the prior year, signaling strong growth momentum. Expenses of $198K left a modest 13% surplus.

Mission

Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is to bring together otherwise disparate artistic communities, including filmmaking, the art world, academia and music, by working with notable curators, artists and writers. Our programming includes screenings, lectures, and performances, with a central theme of the art of the moving image in all its forms. Our organization publicizes and promotes each week's event through press releases, a website, mailing list and other forms of online marketing. We also have initiated a paid internship program in which college students and recent graduates can learn about the practice of film and art exhibition.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $197,273
Program Service Revenue $19,842
Investment Income $0
Other Revenue $9,842
TOTAL REVENUE $226,957

Expense Breakdown

Grants Paid $0
Salaries & Benefits $53,050
Fundraising Expenses $5,020
Program Expenses $146,926
Other Expenses $145,277
TOTAL EXPENSES $198,327

Year-over-Year Comparison

2023 2022 Change
Revenue $226,957 $173,538 +0.3%
Expenses $198,327 $269,708 -0.3%
Net Income $28,630 $-96,170 -1.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
N/A
Volunteers
10

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
0
$0
Total Directors
10
$0
Key Employees
2
$53,050
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Edward Halter Director 40
Key Emp
$30,050 $0 $30,050
Thomas Beard Director 30
Key Emp
$23,000 $0 $23,000
Brian L Frye Trustee 1
Director
$0 $0 $0
Jeffrey S Preiss President 2
Director
$0 $0 $0
Paul Chan Trustee 0.5
Director
$0 $0 $0
Max Weinman Secretary 2
Director
$0 $0 $0
Joshua Siegal Trustee 0.5
Director
$0 $0 $0
Nellie Killian Trustee 0.5
Director
$0 $0 $0
Ruby Lerner Trustee 1
Director
$0 $0 $0
Hilton Als Trustee 0.5
Director
$0 $0 $0
Kelly Reichardt Trustee 0.5
Director
$0 $0 $0
Sam Biederman Trustee 0.5
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $226,957 $198,327 $39,738 $28,630
2023 $173,538 $269,708 $11,108 $-96,170
2022 $225,992 $294,611 $107,278 $-68,619
2021 $227,694 $171,797 $55,897 $55,897
2018 $198,509 $227,349 $10,609 $-28,840
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