QUEENS WORLD FILM INITIATIVE INC

EIN: 465631277 501(c)(3) Arts, Culture & Humanities

JACKSON HEIGHTS, NY

Total Revenue
$69,060
Total Expenses
$56,472
Total Assets
$32,717
Net Assets
$32,717
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2014
Legal Domicile
NY
Principal Officer
KATHA CATO
Phone
7184292579
Tax Period
2024-07-01 to 2025-06-30

QUEENS WORLD FILM INITIATIVE INC, founded in 2014, is a micro nonprofit in the Arts, Culture & Humanities sector that reported $69K in total revenue in fiscal year 2024. Revenue fell 44% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $13K, a strong 18% operating margin.

Mission

THE ORGANIZATIONS MISSION IS TO ADVANCE PUBLIC PARTICIPATION IN FILM SCREENINGS BY UTILIZING TRADITIONAL AND ALTERNATIVE SCREEING LOCATIONS AND VENUES TO SCREEN INDEPENDENT CINEMA. THROUGH IMPLEMENTATION OF EDUCATIONAL PROGRAMS FOR SCHOOL-AGE CHILDREN,SENIOR CITIZENS, FILM MAKERS AND GENERAL PUBLIC, WE PROVIDE OPPORTUNITIES FOR INDIVIDUALS TO SHARE IDEAS AND DEVELOP ANALOGUE, DIGITAL, VISUAL AND PERFORMING ARTS PROJECTS.

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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 (2024)

Revenue Breakdown

Contributions & Grants $58,652
Program Service Revenue $10,408
Investment Income $0
Other Revenue $0
TOTAL REVENUE $69,060

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $56,472
Other Expenses $56,472
TOTAL EXPENSES $56,472

Year-over-Year Comparison

2024 2023 Change
Revenue $69,060 $123,743 -0.4%
Expenses $56,472 $117,076 -0.5%
Net Income $12,588 $6,667 +0.9%
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

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Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
10
Independent Members
6
Employees
N/A
Volunteers
40

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
1
$5,680
Total Directors
6
$2,880
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Katha Cato President,Cofounder & Executive Director 50.00
Officer
$5,680 $0 $5,680
Mark Banish Treasurer 5.00
$0 $0 $0
Cordelia Persen Secretary 5.00
$0 $0 $0
Sandra Schulberg Dir,Industry events 5.00
Director
$0 $0 $0
Dora Naughton Dir,Special events 5.00
Director
$0 $0 $0
Montaigne P Massac Co-Dir,Communications 5.00
Director
$0 $0 $0
Susy Chu Board Member 5.00
Director
$0 $0 $0
Anuz Thapa Co-Dir,Communications 5.00
Director
$0 $0 $0
Don Cato Co-Founder & Artistic Director 15.00
Director
$2,880 $0 $2,880
Erick Miranda Board Member 5.00
$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
2025 $69,060 $56,472 $32,717 $12,588
2024 $123,743 $117,076 $20,129 $6,667
2023 $123,997 $134,498 $13,997 $-10,501
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