ASTORIA FILM FESTIVAL INC

EIN: 825131663 501(c)(3) Arts, Culture & Humanities

Astoria, NY

Total Revenue
$214,985
Total Expenses
$181,338
Total Assets
$120,545
Net Assets
$120,545
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2018
Tax Period
2024-01-01 to 2024-12-31

ASTORIA FILM FESTIVAL INC, founded in 2018, is a small nonprofit in the Arts, Culture & Humanities sector that reported $215K in total revenue in fiscal year 2024. The organization ran a surplus of $34K, a strong 16% operating margin.

Mission

Astoria Film Festival advances media literacy, artistic expression, and career access for youth through workshops, curricula in NYC schools,an annual festival, and public events showcasing diverse voices and talent. We offer media workforce development programs equippingunderrepresented youth with technical skills, mentorship, and job training to pursue careers in film and media. Our mission is to empoweryoung creators to share their stories and pursue careers in these industries.

Program Service Accomplishments

Program 1
Expenses: $7,775 Revenue: $64,260

Organization hosts various festivals and events annually. The main festival celebrates diverse cultures and artistic expressions. The Youth festival engages and empowers young individuals through...

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Organization hosts various festivals and events annually. The main festival celebrates diverse cultures and artistic expressions. The Youth festival engages and empowers young individuals through creative activities. The Student festival offers students a platform to showcase talents and connect with industry professionals. We organize specialized sessions like animation workshops and film career panels to promote artistic development. Our commitment to inclusivity is showcased through events like the autism artist exhibition, highlighting artists with autism. Collaborating with partners like the Korean Cultural Center in New York KCCNY, we host the Korean Animation Event to promote cultural exchange and appreciation of Korean animation.

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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 $75,949
Program Service Revenue $139,036
Investment Income $0
Other Revenue $0
TOTAL REVENUE $214,985

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $3,340
Program Expenses $77,956
Other Expenses $181,338
TOTAL EXPENSES $181,338

Year-over-Year Comparison

2024 2023 Change
Revenue $214,985 N/A N/A
Expenses $181,338 N/A N/A
Net Income $33,647 $0 N/A
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
9
Independent Members
9
Employees
N/A
Volunteers
N/A

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
4
$45,000
Total Directors
6
$45,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Nina Fiore-Bogdanov Founding Director 45
Officer Director
$45,000 $0 $45,000
Slavko Bogdanov PhD Board Treasurer 2
Officer
$0 $0 $0
Heidi M Thomson Board Chair 2
Officer
$0 $0 $0
Bryan Korn Board Vice Chair 2
Officer
$0 $0 $0
Maria Hantzopoulos PhD Board Member Education Committee 1
Director
$0 $0 $0
Ruth Fernandez Board Member Industry Outreach 5
Director
$0 $0 $0
Pete Romano Board Member Industry Outreach 5
Director
$0 $0 $0
Luis Feliciano Board Member Industry Outreach 5
Director
$0 $0 $0
Yunah Chung MBA Board Member 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 $214,985 $181,338 $120,545 $33,647
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