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← NATIONAL ASSOCIATION OF THEATRE OWNERS CINEMA FOUNDATION INC

Form 990 for tax year 2023

Filed by NATIONAL ASSOCIATION OF THEATRE OWNERS CINEMA FOUNDATION INC.

Totals

Total revenue
$761,829
Total expenses
$1,727,785
Contributions and grants received
$380,141
Grants paid
$50,000
Program service revenue
$381,688
Investment income
$0
Other revenue
$0
Total assets, end of year
$652,325
Total liabilities, end of year
$52,469
Net assets or fund balances, end of year
$599,856
Program services expenses (Part IX)
$1,268,694
Management and general expenses
$261,750
Fundraising expenses
$197,341
Program service expenses (Part III)
$1,268,694

Program services were 73.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $380,141

  • 2a · Program service revenue: Industry Promotion

    total $137,688 · related or exempt $137,688

  • 2b · Program service revenue: National Cinema Day

    total $125,000 · related or exempt $125,000

  • 2c · Program service revenue: Cinema Fdn Summit

    total $119,000 · related or exempt $119,000

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $50,000 · program services $50,000

  • 5 · Compensation of officers, directors and key employees

    total $368,075 · program services $220,845 · management and general $73,615 · fundraising $73,615

  • 7 · Other salaries and wages

    total $193,466 · program services $116,080 · management and general $38,693 · fundraising $38,693

  • 8 · Pension plan contributions

    total $25,546 · program services $15,328 · management and general $5,109 · fundraising $5,109

  • 9 · Other employee benefits

    total $24,343 · program services $14,605 · management and general $4,869 · fundraising $4,869

  • 10 · Payroll taxes

    total $33,175 · program services $19,905 · management and general $6,635 · fundraising $6,635

  • 11c · Fees: accounting

    total $16,452 · management and general $16,452

  • 11g · Fees: other

    total $767,878 · program services $625,157 · management and general $80,718 · fundraising $62,003

  • 13 · Office expenses

    total $4,208 · program services $2,319 · management and general $1,268 · fundraising $621

  • 14 · Information technology

    total $13,929 · management and general $13,929

  • 17 · Travel

    total $23,539 · program services $22,277 · management and general $631 · fundraising $631

  • 19 · Conferences, conventions and meetings

    total $192,508 · program services $182,178 · management and general $5,165 · fundraising $5,165

  • 23 · Insurance

    total $14,666 · management and general $14,666

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,437,981 · end of year $507,125

  • 4 · Accounts receivable

    beginning of year $10,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $206,201 · end of year $145,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,563 · end of year $24,596

  • 25 · Other liabilities

    beginning of year $84,807 · end of year $27,873

  • 27 · Net assets without donor restrictions

    beginning of year $1,565,812 · end of year $599,856

Mission and programs · 2023

Mission

The Cinema Foundation's mission is to strengthen and promote the cinema industry.

Activities or mission (Part I)

Supporting organization to National Association of Theatre Owners (NATO)- See Schedule O

  • The Cinema Foundation (the Foundation) was organized as a supporting organization to the National Association of Theatre Owners (NATO) to strengthen the cinema industry by engaging audiences, utilizing research, data, education, collaboration, and industry promotion.

    Expenses $1,268,694 · Grants $50,000 · Revenue $381,688

As filed on the 2023 return.

Listed in Part VII

  • John Fithian- NATO

    President and CEO through Apr 2023

    Total calculated
    $998,682
    From this org
    $61,182
    From related orgs
    $550,638
    Other
    $386,862
    Hours/week
    4 + 36 related

    Schedule J breakdown matched by us

    Base
    $17,929 + $161,359 related
    Bonus
    $0
    Other
    $43,253 + $389,279 related
    Deferred
    $37,880 + $340,919 related
    Nontaxable benefits
    $806 + $7,257 related
    Filer's total
    $99,868 + $898,814 related

  • Michael O'Leary

    Fdn Director/ NATO President and CEO

    Total calculated
    $456,140
    From this org
    $0
    From related orgs
    $438,684
    Other
    $17,456
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $438,684 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $10,000 related
    Nontaxable benefits
    $0 + $7,456 related
    Filer's total
    $0 + $456,140 related

  • Lou DiGioia

    Chief Financial Officer

    Total calculated
    $276,481
    From this org
    $61,179
    From related orgs
    $183,536
    Other
    $31,766
    Hours/week
    10 + 30 related

    Schedule J breakdown matched by us

    Base
    $57,576 + $172,727 related
    Bonus
    $3,603 + $10,809 related
    Other
    $0
    Deferred
    $3,416 + $10,249 related
    Nontaxable benefits
    $4,525 + $13,576 related
    Filer's total
    $69,120 + $207,361 related

  • Jackie Brenneman

    President, The Cinema Foundation

    Total calculated
    $424,050
    From this org
    $128,196
    From related orgs
    $128,196
    Other
    $167,658
    Hours/week
    20 + 20 related

    Schedule J breakdown matched by us

    Base
    $53,837 + $53,837 related
    Bonus
    $0
    Other
    $74,359 + $74,359 related
    Deferred
    $80,946 + $80,946 related
    Nontaxable benefits
    $2,883 + $2,883 related
    Filer's total
    $212,025 + $212,025 related

  • Bryan Braunlich

    Exec. Dir. The Cinema Foundation

    Total calculated
    $210,307
    From this org
    $190,022
    From related orgs
    $0
    Other
    $20,285
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $179,095
    Bonus
    $10,927
    Other
    $0
    Deferred
    $10,745
    Nontaxable benefits
    $9,540
    Filer's total
    $210,307

  • Erin Von Hoetzendorff

    Director of Membership

    Total calculated
    $122,410
    From this org
    $54,389
    From related orgs
    $54,389
    Other
    $13,632
    Hours/week
    20 + 20 related

  • Mike Bowers

    Chair

    Total calculated
    $0
    Hours/week
    1

  • Tori Baker

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Brian Schultz

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Adam Cassels

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Frank Tees

    Director

    Total calculated
    $0
    Hours/week
    1

  • Miguel Rivera

    Director

    Total calculated
    $0
    Hours/week
    1

  • Michelle Maddalena

    Director

    Total calculated
    $0
    Hours/week
    1

  • Josh Nations

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4a · Severance or change-of-control payment

Answered no

  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 4a
John Fithian, President & CEO through April of 2023, received severance compensation in 2 installments. The first installment was paid on 5/12/23 in the amount of $432,532 reported in Schedule J, Part II, Column B(iii) Rows (i) and (ii). The second installment of $369,831 was paid on 1/5/2024 and reported as deferred compensation in Schedule J Part II, Column C, Rows (i) and (ii). Jackie Brenneman, EVP and General Counsel through August of 2023, received severance compensation in 2 installments. The first installment was paid on 08/30/23 in the amount of $148,718 reported in Schedule J, Part II, Column B(iii) Rows (i) and (ii). The second installment of $148,718 was paid on 1/5/2024 and reported as deferred compensation in Schedule J Part II, Column C, Rows (i) and (ii).

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202443169349301614

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