Totals
- Total revenue
- $837,959
- Total expenses
- $1,051,516
- Contributions and grants received
- $329,753
- Grants paid
- $0
- Program service revenue
- $508,206
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,573,120
- Total liabilities, end of year
- $2,805,432
- Net assets or fund balances, end of year
- $767,688
- Program services expenses (Part IX)
- $893,851
- Management and general expenses
- $128,805
- Fundraising expenses
- $28,860
- Program service expenses (Part III)
- $893,851
Program services were 85.0% 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.
-
1e · Government grants (contributions)
$36,000
-
1f · All other contributions, gifts and grants
$293,753
-
2a · Program service revenue: CINEMA SALES
total $266,516 · related or exempt $266,516
-
2b · Program service revenue: CONCESSIONS & MERCH
total $229,402 · related or exempt $229,402
-
2c · Program service revenue: RENTAL INCOME
total $8,110 · related or exempt $8,110
-
2d · Program service revenue: EDUCATION INCOME
total $4,075 · related or exempt $4,075
-
2e · Program service revenue: SPONSORSHIP
total $103 · related or exempt $103
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $92,250 · program services $64,575 · management and general $23,063 · fundraising $4,612
-
7 · Other salaries and wages
total $221,974 · program services $155,382 · management and general $55,493 · fundraising $11,099
-
10 · Payroll taxes
total $24,568 · program services $17,198 · management and general $6,142 · fundraising $1,228
-
11c · Fees: accounting
total $17,080 · program services $12,810 · management and general $4,270
-
12 · Advertising and promotion
total $46,978 · program services $42,280 · fundraising $4,698
-
13 · Office expenses
total $6,243 · program services $4,682 · management and general $1,561
-
14 · Information technology
total $13,806 · program services $13,806
-
17 · Travel
total $14,757 · program services $11,068 · management and general $3,689
-
20 · Interest
total $144,628 · program services $137,397 · management and general $7,231
-
22 · Depreciation, depletion and amortization
total $119,568 · program services $107,612 · management and general $5,978 · fundraising $5,978
-
23 · Insurance
total $24,336 · program services $18,252 · management and general $6,084
-
24a · Other expenses: COST OF GOOD SOLD
total $207,529 · program services $207,529
-
24b · Other expenses: BANK CHARGES
total $44,913 · program services $33,685 · management and general $11,228
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $39,116 · program services $37,160 · management and general $1,956
-
24d · Other expenses: UTILITIES
total $23,381 · program services $21,043 · management and general $1,169 · fundraising $1,169
-
24e · All other expenses
total $10,389 · program services $9,372 · management and general $941 · fundraising $76
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $443,783 · end of year $34,386
-
2 · Savings and temporary cash investments
beginning of year $5
-
3 · Pledges and grants receivable
beginning of year $26,199
-
10a · Land, buildings and equipment: cost or other basis
$3,771,883
-
10b · Land, buildings and equipment: accumulated depreciation
$239,138
-
10c · Land, buildings and equipment, net
beginning of year $521,263 · end of year $3,532,745
-
15 · Other assets
beginning of year $0 · end of year $5,989
-
17 · Accounts payable and accrued expenses
beginning of year $4,948 · end of year $12,306
-
24 · Unsecured notes and loans payable
end of year $2,793,126
-
27 · Net assets without donor restrictions
beginning of year -$197,903 · end of year $767,688
-
28 · Net assets with donor restrictions
beginning of year $1,184,205 · end of year $0
Mission and programs · 2024
Mission
DES MOINES FILM UTILIZES THE VARSITY CINEMA AS A HUB FOR THE LOCAL FILM COMMUNITY TO CONNECT FACE-TO-FACE, HIGHLIGHT DIVERSE VOICES AND CHALLENGING TOPICS, AND PROVIDE A SPACE FOR DEEPER ENGAGEMENT. VARSITY CINEMA ALSO ACTS AS AN INCLUSIVE SPACE THAT SPARKS DISCUSSION AND MEANINGFUL DIALOGUE WHERE THE BROADER COMMUNITY CAN EXPERIENCE NEW, SOMETIMES CHALLENGING, IDEAS ON SCREEN.
-
MORE THAN 200 FILMS SCREENED AT VARSITY CINEMA THROUGHOUT 2024, INCLUDING PRESTIGE NEW RELEASES, THE BEST OF ART HOUSE AND INTERNATIONAL, CURATED REPERTORY SERIES AND MORE. MANY FILMS WERE ACCOMPANIED BY PANEL CONVERSATIONS OR OTHER INTERACTIONS WITH FILMMAKERS AND SPECIAL GUESTS, OFTEN IN COLLABORATION WITH FELLOW LOCAL NONPROFITS. THIS YEAR ALSO SAW THE LAUNCH OF VARSITY SUMMER CAMP, PROVIDING AN IMMERSIVE INTRODUCTION TO INTERNATIONAL FILMS FOR ELEMENTARY AGED STUDENTS. DES MOINES FILM ALSO UTILIZED CASH RESERVES TO PURCHASE THE BUILDING NEXT-DOOR TO THE VARSITY FOR FUTURE EXPANSION AS THE VARSITY FILM CENTER & LOFTS.
Expenses $893,851 · Revenue $508,206
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Michael WaglerMICHAEL WAGLER
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Nick RenkoskiNICK RENKOSKI
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
Debra KurtzDEBRA KURTZ
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Jon PetersenJON PETERSEN
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Katie BryanKATIE BRYAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Laura BurkhalterLAURA BURKHALTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan JansenDAN JANSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Tim ReindersTIM REINDERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Frank VaiaFRANK VAIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Daniel Van SantDANIEL VAN SANT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rachel WoodhouseRACHEL WOODHOUSE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ben GodarBEN GODAR
EXECUTIVE DIRECTOR
- Total calculated
- $92,250
- From this org
- $92,250
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 8 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202542829349300924
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