Form 990 for tax year 2023
Filed by THE PRODUCERS CLUB OF MARYLAND INC.
Totals
- Total revenue
- $569,821
- Total expenses
- $1,247,315
- Contributions and grants received
- $689,900
- Grants paid
- $15,000
- Program service revenue
- -$148,584
- Investment income
- $28,505
- Other revenue
- $0
- Total assets, end of year
- $18,546,567
- Total liabilities, end of year
- $2,539,106
- Net assets or fund balances, end of year
- $16,007,461
- Program services expenses (Part IX)
- $934,911
- Management and general expenses
- $113,324
- Fundraising expenses
- $199,080
- Program service expenses (Part III)
- $934,911
Program services were 75.0% 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)
$310,210
-
1f · All other contributions, gifts and grants
$379,690
-
2a · Program service revenue: PARKWAY THEATRE
total $127,343 · related or exempt $127,343
-
2b · Program service revenue: LEVERAGE LOAN INTEREST
total $49,043 · related or exempt $49,043
-
2c · Program service revenue: THEATRE & FEST. OPER.
total $18,512 · related or exempt $18,512
-
2d · Program service revenue: PARKWAY THEATRE, LLC
total -$343,482 · related or exempt -$343,482
-
3 · Investment income
total $28,505 · excluded $28,505
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $15,000 · program services $15,000
-
7 · Other salaries and wages
total $392,978 · program services $234,243 · management and general $21,234 · fundraising $137,501
-
9 · Other employee benefits
total $13,421 · program services $8,000 · management and general $725 · fundraising $4,696
-
11b · Fees: legal
total $10,318 · management and general $10,318
-
11c · Fees: accounting
total $154,160 · program services $75,835 · management and general $23,125 · fundraising $55,200
-
11g · Fees: other
total $144 · program services $144
-
12 · Advertising and promotion
total $6,693 · program services $6,693
-
14 · Information technology
total $32,084 · program services $32,084
-
16 · Occupancy
total $261,403 · program services $261,403
-
17 · Travel
total $777 · program services $455 · management and general $322
-
20 · Interest
total $105,254 · program services $105,254
-
22 · Depreciation, depletion and amortization
total $127,335 · program services $127,335
-
23 · Insurance
total $57,600 · management and general $57,600
-
24a · Other expenses: GUEST AND STAFF COSTS
total $54,236 · program services $54,236
-
24b · Other expenses: CONSESSIONS
total $5,734 · program services $5,734
-
24c · Other expenses: DUES AND SUBSCRIPTION
total $3,012 · program services $3,012
-
24d · Other expenses: CREDIT CARD AND BANK FE
total $2,117 · program services $2,117
-
24e · All other expenses
total $5,049 · program services $3,366 · fundraising $1,683
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,330,422 · end of year $2,173,694
-
3 · Pledges and grants receivable
beginning of year $68,865 · end of year $112,726
-
4 · Accounts receivable
beginning of year $1,330,084 · end of year $1,353,671
-
7 · Other notes and loans receivable
beginning of year $9,754,400 · end of year $9,754,400
-
9 · Prepaid expenses and deferred charges
beginning of year $49,052 · end of year $28,147
-
10a · Land, buildings and equipment: cost or other basis
$1,522,346
-
10b · Land, buildings and equipment: accumulated depreciation
$765,637
-
10c · Land, buildings and equipment, net
beginning of year $879,056 · end of year $756,709
-
13 · Investments: program-related
beginning of year $4,359,584 · end of year $4,359,584
-
15 · Other assets
beginning of year $9,468 · end of year $7,636
-
17 · Accounts payable and accrued expenses
beginning of year $105,891 · end of year $43,415
-
19 · Deferred revenue
end of year $5,000
-
23 · Secured mortgages and notes payable
beginning of year $1,738,897 · end of year $1,738,897
-
25 · Other liabilities
beginning of year $594,670 · end of year $751,794
-
27 · Net assets without donor restrictions
beginning of year $15,955,324 · end of year $15,626,353
-
28 · Net assets with donor restrictions
beginning of year $386,149 · end of year $381,108
Mission and programs · 2023
Mission
SEE SCHEDULE OTHE MISSION OF THE CORPORATION IS TO BRING FILMS, FILMMAKERS, AND AUDIENCES TOGETHER IN A FRIENDLY, INCLUSIVE ATMOSPHERE THAT REFLECTS THE UNIQUE ASPECTS OF OUR COMMUNITY, WHILE PARTICIPATING IN AND ADDING TO THE LARGER FILM DIALOGUE ACROSS THE COUNTRY AND ACROSS THE WORLD, FILM FOR EVERYONE.
Activities or mission (Part I)
SEE SCHEDULE O.
-
IN 2017, THE CORPORATION GREW FROM A FIVE-DAY FILM FESTIVAL INTO THE OWNER AND OPERATOR OF A THREESCREEN, YEAR-ROUND MOVIE THEATER COMPLEX, THE STAVROS NIARCHOS FOUNDATION PARKWAY, LEADING AN EFFORT TO TRANSFORM THE ROLE OF FILM AND FILM CULTURE IN MARYLAND. BALTIMORE'S NEWEST CULTURAL HUB, THE SNF PARKWAY THEATRE PROVIDES YEAR-ROUND FILM, DIGITAL VIDEO, EDUCATIONAL OFFERINGS, COMMUNITY INITIATIVES, SPECIAL EVENTS, AND LIVE MUSIC CONCERTS IN STATION NORTH ARTS & ENTERTAINMENT DISTRICT, THE GEOGRAPHIC CENTER OF BALTIMORE CITY. THE ORGANIZATION HAS ALSO PARTNERED WITH THE JOHNS HOPKINS UNIVERSITY AND MARYLAND INSTITUTE COLLEGE OF ART ("MICA") JOINT GRADUATE FILM AND MEDIA STUDIES PROGRAM TO USE THE SPACE AS BOTH A CLASSROOM, SCREENING, AND EDUCATION SPACE, OFFERING THE COMMUNITY ACCESS TO AN EDUCATIONAL COMPONENT TO THE ORGANIZATION'S FILM OFFERINGS. THE WORLD-WIDE SPREAD OF A NOVEL CORONAVIRUS ("COVID-19") AND RELATED VARIANTS IN 2020 AND 2021 DRAMATICALLY ALTERED THE CORPORATION'S ACTIVITIES. STATE OF MARYLAND AND BALTIMORE CITY COVID-19 EXECUTIVE ORDERS FORCED THE CORPORATION TO CLOSE ITS FLAGSHIP PARKWAY THEATRE ON MARCH 13, 2020, AND THE THEATRE REMAINED CLOSED TO THE PUBLIC UNTIL AUGUST 2021 DUE TO THE ENDURING PANDEMIC. TO CONTINUE TO SERVE AUDIENCES AND THE COMMUNITY WITH MEMORABLE FILM AND CULTURAL EXPERIENCES, MANAGEMENT QUICKLY PIVOTED TO DEVELOP AND LAUNCH ONE OF THE FIRST VIRTUAL MOVIE THEATER AND LIVESTREAM PLATFORMS IN THE UNITED STATES IN APRIL 2020 AND TRANSITIONED ITS SIGNATURE PROGRAM, THE MARYLAND FILM FESTIVAL, ONLINE FOR BOTH 2021 AND 2022. THE ENDURING COVID-19 PANDEMIC CREATED NEW CHALLENGES FOR THE FILM FESTIVAL AS IT DID FOR COUNTLESS OTHER ARTS ORGANIZATIONS. THE FILM INDUSTRY EXPERIENCED DRAMATIC CHANGES, AND FILMGOERS' HABITS CHANGED AND CONTINUE TO EVOLVE. THE ORGANIZATION WAS EXCITED ABOUT THE PROMISE OF AUDIENCES RETURNING WHEN THE PARKWAY THEATRE REOPENED IN AUGUST 2021, BUT ATTENDANCE AT THE ANNUAL FESTIVAL, SCREENINGS AND EVENTS HAS NOT RETURNED TO PRE-PANDEMIC LEVELS. GIVEN THESE CONTINUING CHALLENGES, THE MARYLAND FILM FESTIVAL BOARD OF DIRECTORS MADE THE DIFFICULT DECISION TO SCALE BACK THE ORGANIZATION'S OPERATIONS AND PAUSE SCREENINGS, PROGRAMS, AND EVENTS. WITH PUBLIC EVENTS PAUSED, THE MARYLAND FILM FESTIVAL HAS PRIORITIZED AND UNDERTAKEN A RE-ENVISIONING PROCESS TO DEVELOP A NEW BUSINESS MODEL AND PLAN THAT WILL CHART THE FUTURE TRAJECTORY OF THE ORGANIZATION,INCLUDING THE ANNUAL FILM FESTIVAL, AND THE OPERATIONS OF THE PARKWAY THEATRE. THE 2023 FILM FESTIVAL WAS POSTPONED, AND THE BOARD HAS COMMITTED TO MOUNTING A MEMORABLE 25TH ANNIVERSARY FESTIVAL IN THE SPRING OF 2024. THE CORPORATION'S GOAL IS TO ENSURE THAT THE ORGANIZATION REMAINS A VITAL COMMUNITY ASSET FOR MANY YEARS TO COME.
Expenses $934,911 · Grants $15,000 · Revenue -$148,584
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Scot SpencerSCOT SPENCER
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Samuel HoiSAMUEL HOI
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Ronald J DanielsRONALD J DANIELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Paula RomePAULA ROME
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Michael MandelMICHAEL MANDEL
TREASURER - OUTGOING
- Total calculated
- $0
- Hours/week
- 2
-
Matthew PoovanMATTHEW POOVAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
Martin LemelleMARTIN LEMELLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Mark FurmanMARK FURMAN
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Mandeep SinghMANDEEP SINGH
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Lynn RauchLYNN RAUCH
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Linda NathanLINDA NATHAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
John WatersJOHN WATERS
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.5
-
John CardellinoJOHN CARDELLINO
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.5
-
Jed DietzJED DIETZ
DIRECTOR (FOUNDER) - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.25
-
Gwen DavidsonGWEN DAVIDSON
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 0.5
-
Gordon GlennGORDON GLENN
DIRECTOR - OUTGOING
- Total calculated
- $0
- Hours/week
- 2
-
Dan CroninDAN CRONIN
SECRETARY & TREASURER
- Total calculated
- $0
- Hours/week
- 2
-
D WatkinsD WATKINS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Camille Blake FallCAMILLE BLAKE FALL
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Ashleigh LynnASHLEIGH LYNN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Angel PrestonANGEL PRESTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Andrew SchulemanANDREW SCHULEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.25
-
Adrienne PeresADRIENNE PERES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Sandra GibsonSANDRA GIBSON
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 60
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.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
TRF NMTC FUND XXXIV LP
THEATRE PRODCUTION · PA · income $0 · assets $0
Directly controlled by THE PRODUCERS CLUB OF MARYLAND INC
-
PARKWAY THEATRE INVESTMENT FUND LLC
THEATRE PRODCUTION · MD · income $0 · assets $0
Directly controlled by THE PRODUCERS CLUB OF MARYLAND INC
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
PARKWAY THEATRE LLC
RELATED · THEATRE PRODUCTION · MD · 95% owned · share of income $343,482 · share of assets $11,812,051 · general or managing partner
Directly controlled by THE PRODUCERS CLUB OF MARYLAND INC
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402309349300200
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.