Totals
- Total revenue
- $1,540,814
- Total expenses
- $1,225,228
- Contributions and grants received
- $1,247,177
- Grants paid
- $0
- Program service revenue
- $284,286
- Investment income
- $9,351
- Other revenue
- $0
- Total assets, end of year
- $1,229,611
- Total liabilities, end of year
- $351,279
- Net assets or fund balances, end of year
- $878,332
- Program services expenses (Part IX)
- $1,033,575
- Management and general expenses
- $165,061
- Fundraising expenses
- $26,592
- Program service expenses (Part III)
- $1,033,575
Program services were 84.4% 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.
-
1b · Membership dues
$8,554
-
1e · Government grants (contributions)
$91,000
-
1f · All other contributions, gifts and grants
$1,147,623
-
2a · Program service revenue: Festival income
total $192,011 · related or exempt $192,011
-
2b · Program service revenue: Other income
total $91,965 · related or exempt $91,965
-
2c · Program service revenue: Merchandise income
total $310 · related or exempt $310
-
3 · Investment income
total $9,351 · excluded $9,351
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $152,786 · program services $76,393 · management and general $76,393
-
7 · Other salaries and wages
total $246,183 · program services $246,183
-
9 · Other employee benefits
total $59,710 · program services $48,246 · management and general $11,464
-
10 · Payroll taxes
total $34,943 · program services $28,252 · management and general $6,691
-
11c · Fees: accounting
total $9,250 · management and general $9,250
-
11g · Fees: other
total $8,235 · program services $8,235
-
13 · Office expenses
total $918 · management and general $918
-
14 · Information technology
total $31,091 · program services $15,545 · management and general $15,546
-
16 · Occupancy
total $27,845 · program services $11,138 · management and general $11,138 · fundraising $5,569
-
17 · Travel
total $20,965 · program services $20,965
-
20 · Interest
total $130 · management and general $130
-
22 · Depreciation, depletion and amortization
total $2,245 · management and general $2,245
-
23 · Insurance
total $9,004 · management and general $9,004
-
24a · Other expenses: Bank charges
total $33,959 · program services $32,692 · management and general $1,267
-
24b · Other expenses: Taxes dues and licenses
total $5,812 · management and general $5,812
-
24c · Other expenses: Festival expenses
total $545,926 · program services $545,926
-
24e · All other expenses
total $36,226 · management and general $15,203 · fundraising $21,023
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $802,504 · end of year $949,888
-
4 · Accounts receivable
beginning of year $7,600 · end of year $274,350
-
10a · Land, buildings and equipment: cost or other basis
$11,225
-
10b · Land, buildings and equipment: accumulated depreciation
$6,735
-
10c · Land, buildings and equipment, net
beginning of year $6,735 · end of year $4,490
-
11 · Investments: publicly traded securities
end of year $883
-
17 · Accounts payable and accrued expenses
beginning of year $9,093 · end of year $24,279
-
19 · Deferred revenue
beginning of year $245,000 · end of year $327,000
-
27 · Net assets without donor restrictions
beginning of year $562,746 · end of year $878,332
Mission and programs · 2022
Mission
New Festival, Inc. is a non-profit 501(c)(3) tax exempt media arts organization whose objective is to showcase international, domestic, and New York-centric film, video and other media to foster greater awareness and community among LGBTQ+ audiences and their allies.
-
NewFests objective is to showcase international, domestic and New York-centric film, video and other media to foster greater awareness and community among LGBTQ audiences and their allies. NewFest partners and co-presents screenings and events with over 150 community organizations throughout New York City in an effort to reach all marginalized and underserved groups within the LGBTQ community. NewFests signature program is New Yorks Annual LGBTQ Film Festival (featuring 144 films from 32 countries over 7 days; 13,000 attendees) which occurs every October and continues to grow. (Continued Schedule O)
Expenses $1,033,575 · Revenue $1,356,413
As filed on the 2022 return.
Listed in Part VII
-
David Hatkoff
Executive Director
- Total calculated
- $152,786
- From this org
- $152,786
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $152,786
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $152,786
-
Afua Kafi-Akua
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Aviva Michelman-Dumas
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Andrew Uriarte
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Lisa Alexis Jones
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Bunge Okeyo
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Thomas Dima
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Ellery Washington
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Isabel Sandoval
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Ramon Torres
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Ron Simons
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Mathew Lasky
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Ann Brown
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Mike Balaban
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Jane Sasseen
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Ronald Lense
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Sandy Markman
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Bill Berman
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Josh Schiowitz
Board Director
- Total calculated
- $0
- Hours/week
- 2
-
Adam Natale
Board Director
- Total calculated
- $0
- Hours/week
- 2
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
None.
Answered no
- 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
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 15 June 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343499349300009
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