THE PENDULUM PROJECT INC

EIN: 872440411 501(c)(3) Arts, Culture & Humanities

NEW YORK, NY

Total Revenue
$500,000
Total Expenses
$675,445
Total Assets
$544,980
Net Assets
$544,980
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
NY
Principal Officer
STEVEN SODERBERGH
Phone
2129496700
Tax Period
2022-01-01 to 2022-12-31

THE PENDULUM PROJECT INC, founded in 2021, is a small nonprofit in the Arts, Culture & Humanities sector that reported $500K in total revenue in fiscal year 2022. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $675K exceeded revenue, resulting in a 35% operating deficit.

Mission

THE PENDULUM PROJECT, INC. IS A NON-PROFIT THAT ENGAGES IN CINEMATIC STORYTELLING AND MENTORING A NEW GENERATION OF CREATORS. BASED IN NEW YORK, NY THE PENDULUM PROJECT USES BOTH DIGITAL RESOURCES AND IN-PERSON EVENTS TO BUILD A COMMUNITY OF CREATIVES ACROSS THE UNITED STATES, A COMMUNITY COMMITTED TO MAKING SOCIETY WORK FOR EVERYONE.

Program Service Accomplishments

Program 1
Expenses: $146,918

INCUBATING AND LAUNCHING CINEMATIC PROJECTS TO PROMPT CONVERSATIONS AND STORYTELLING FOR CHANGE. IN 2022, THE PENDULUM PROJECT SECURED A PRODUCTION COMPANY TO DEVELOP COMMAND Z, A DIGITAL SERIES...

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INCUBATING AND LAUNCHING CINEMATIC PROJECTS TO PROMPT CONVERSATIONS AND STORYTELLING FOR CHANGE. IN 2022, THE PENDULUM PROJECT SECURED A PRODUCTION COMPANY TO DEVELOP COMMAND Z, A DIGITAL SERIES EXPLORING SOCIAL AND ECONOMIC QUESTIONS TO ENCOURAGE DIALOGUE BETWEEN AMERICANS OF DIFFERENT GENERATIONS AND BACKGROUNDS.

Program 2
Expenses: $97,945

CREATING OPPORTUNITIES TO PLACE NEXT GENERATION ARTISTS IN CINEMATIC PRODUCTIONS.IN 2022, THE PENDULUM PROJECT SPONSORED THE HIRING OF DIVERSE NEXT GENERATION TALENT AND PRODUCTION STAFF FOR THE...

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CREATING OPPORTUNITIES TO PLACE NEXT GENERATION ARTISTS IN CINEMATIC PRODUCTIONS.IN 2022, THE PENDULUM PROJECT SPONSORED THE HIRING OF DIVERSE NEXT GENERATION TALENT AND PRODUCTION STAFF FOR THE COMMAND Z PRODUCTION, PROVIDING THEM THE OPPORTUNITY TO PARTICIPATE IN INDUSTRY BEST-PRACTICES AND RECEIVE MENTORSHIP FROM INDUSTRY LEADERS.

Program 3
Expenses: $97,945

DEVELOPING A PUBLIC PLATFORM TO SHARE REGULAR STORYTELLING PROMPTS AND DRIVE CREATIVE COLLABORATION.IN 2022, THE PENDULUM PROJECT BUILT RELATIONSHIPS WITH PROSPECTIVE BRAND PARTNERS TO DEVELOP...

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DEVELOPING A PUBLIC PLATFORM TO SHARE REGULAR STORYTELLING PROMPTS AND DRIVE CREATIVE COLLABORATION.IN 2022, THE PENDULUM PROJECT BUILT RELATIONSHIPS WITH PROSPECTIVE BRAND PARTNERS TO DEVELOP DIGITAL AND IN-PERSON ENGAGEMENTS PROMPTED BY COMMANDZ. THESE ENGAGEMENTS WILL EXTEND INTO 2023.

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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 (2022)

Revenue Breakdown

Contributions & Grants $500,000
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $500,000

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $489,725
Other Expenses $675,445
TOTAL EXPENSES $675,445

Year-over-Year Comparison

2022 2021 Change
Revenue $500,000 $1,000,000 -0.5%
Expenses $675,445 $279,575 +1.4%
Net Income $-175,445 $720,425 -1.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
3
Independent Members
N/A
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
3
$0
Total Directors
3
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
STEVEN SODERBERGH PRESIDENT 5.00
Officer Director
$0 $0 $0
ADAM POGOFF SECRETARY 5.00
Officer Director
$0 $0 $0
KURT ANDERSEN TREASURER 5.00
Officer 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
2022 $500,000 $675,445 $544,980 $-175,445
2021 $1,000,000 $279,575 $720,425 $720,425
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