Cinestudio INC FY2022 filing

Tax-deductible

Hartford, CT501(c)(3)Since 2001Arts & CultureEIN 26-0042514Revenue $303K in FY2022

On file with the IRScinestudio.org300 Summitt St, 06106-3100 · Hartford, CTTax-exempt since Mar 2002Publicly supported charity — 170(b)(1)(A)(vi)

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The mission of Hartford's Cinestudio is to celebrate film as art and to provide diverse audiences an eclectic mix of the world's best cinema experiences, presented at the highest technical level in a classic movie palace-like setting.

501(c)(3) charity; gifts are tax-deductible.
70¢ of each $1 spent went to programs.
$95K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $6K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
70%
of spending
Fine: 70% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$95K
to officers and key staff · 39% of spending
Concern: pay to officers and key staff is 39% of spending; over 30%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $7K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$5K
0.7% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
13
of 13 voting members
Looks good: 13 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$303K
+75% vs prior year
Spent
$245K
To programs
70%
Net assets
$684K
By yearFY2020–FY2025
Revenue
$303K
FY2022▲ +75%
Tap a bar for its year
Revenue by fiscal year
FY2020$263K
FY2021$173K
FY2022$303K
FY2023$201K
FY2024$182K
FY2025$256K
Expenses
$245K
FY2022▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$249K
FY2021$149K
FY2022$245K
FY2023$244K
FY2024$220K
FY2025$236K
Net assets
$684K
FY2022▲ +9%
Tap a bar for its year
Net assets by fiscal year
FY2020$602K
FY2021$626K
FY2022$684K
FY2023$641K
FY2024$602K
FY2025$622K

From the FY2022 Form 990 (year ending June 2022) · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2002.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

Program services 70% · $171K Management & general 24% · $58K Fundraising 7% · $16K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

18 people listed on the 990; $95K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Creative Dir.
$70,417Pt VII · Sec A
Executive Dir.
$24,991Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Lew Michaels’s $84K as Executive Dir. is at the 79th percentile of top reported officer pay among 2215 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Lew Michaels$84,175$83,236$76,443$24,991——
Peter McMorris—$231$27,214$70,417$63,000$60,000
James Hanley to 0420—————$30,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Showcases diverse, world-class films as art in a grand, classic movie palace setting.

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Provided by the organization

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3 programs · $171K · in their own filed words · FY2021
01

Cinestudio provides New England, and especially Hartford, with unique films that are often unavailable to the general public outside of larger metropolitan areas: independent movies, classic American cinema, and foreign language films that provide audiences exposure to a wide variety of world cultures.

$171Kprogram expense
02

Refurbishment of lobby lighting. $30,004

$30Kprogram expense
03

Less refurbishment of lobby lighting, which is capitalized.$30,004

−$30Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$7K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$303K
Ln 12
Gifts and grantsLn 1h$249K
Fees for servicesLn 2g$54K
Investment incomeLn 3$10
Money outPt IX
$245K
Ln 25
Programscol B$171K
Managementcol C$58K
Fundraisingcol D$16K
Owns and owesPt X
$684K
net assets · Ln 32
Cash and savingsLn 1–2$168K
Total assetsLn 16$689K
LiabilitiesLn 26$5K
PeoplePt VI, VII
18
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$249K
Government grantsLn 1e$117K
Fees for servicesLn 2g$54K
Investment incomeLn 3$10
Gains on assetsLn 7$0
Total revenueLn 12$303K
Assets in detailPt X, end of year
CashLn 1$74K
SavingsLn 2$93K
Cash and savings togetherLn 1–2$168K
InvestmentsLn 11–13$1K
Land, buildings, equipmentLn 10c$309K
Other assetsLn 15$211K
Total assetsLn 16$689K
LiabilitiesLn 26$5K
Net assetsLn 32$684K
OperationsPt I, VI
EmployeesI 55
VolunteersI 650
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$178K$168K
InvestmentsLn 11–13$1K$1K
Land, buildings, equipmentLn 10c$326K$309K
Total assetsLn 16$637K$689K
LiabilitiesLn 26$11K$5K
Net assetsLn 32$626K$684K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$129K$90K$29K$10K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$25K$24K$246
Pension plan contributionsLn 8$4K$4K
Other employee benefitsLn 9$0
Payroll taxesLn 10$13K$10K$2K$823
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$3K$3K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$680$680
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K$200
Advertising and promotionLn 12$341$341
Office expensesLn 13$637$128$509
Information technologyLn 14$778$778
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$0
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$27K$16K$8K$3K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$28K$25K$3K$241
All other expensesLn 24e$10K$3K$5K$2K
Total functional expensesLn 25$245K$171K$58K$16K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$236K$20K$622K 990 PDF
FY2024 $182K$220K−$39K$602K 990 PDF
FY2023 $201K$244K−$44K$641K 990 PDF
FY2022 Viewing $303K$245K$58K$684K 990 PDF
FY2021 $173K$149K$24K$626K 990 PDF
FY2020 $263K$249K$14K$602K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $303,437 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $150,415$249,152
I-9 Program service revenuePrior year $22,442$54,275
I-10 Investment incomePrior year $52$10
I-11 Other revenue$0
I-12 Total revenuePrior year $172,909$303,437
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $80,491$170,569
I-16a Professional fundraising fees$680
I-17 Other expensesPrior year $68,370$73,946
I-18 Total expensesPrior year $148,861$245,195
I-19 Revenue less expensesPrior year $24,048$58,242
Part VI · Governance 13 of 13 board members independent, 3 to look at
VI-1a Voting members of the governing body13
VI-1b Independent voting members13
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $303,437 across 10 lines filed
VIII-1e Government grants$116,927
VIII-1f All other contributions, gifts and grants$132,225
VIII-1h Total contributions, gifts and grants$249,152
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $54,275$54,275
VIII-3 Investment incomeExcluded from tax $10$10
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $54,275 · Excluded from tax $10$303,437
Part IX · Statement of functional expenses $245,195 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $90,469 · Management $29,098 · Fundraising $9,674$129,241
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $24,355 · Management $246$24,601
IX-8 Pension plan contributionsManagement $3,636$3,636
IX-9 Other employee benefits$0
IX-10 Payroll taxesPrograms $9,771 · Management $2,497 · Fundraising $823$13,091
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $3,210$3,210
IX-11d Lobbying fees$0
IX-11e Professional fundraising feesFundraising $680$680
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $2,050 · Management $200$2,250
IX-12 Advertising and promotionPrograms $341$341
IX-13 Office expensesPrograms $128 · Management $509$637
IX-14 Information technologyManagement $778$778
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 Travel$0
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $16,239 · Management $8,119 · Fundraising $2,707$27,065
IX-23 InsuranceManagement $2,059$2,059
IX-24 Other expenses (24a–d)Programs $24,523 · Management $3,037 · Fundraising $241$27,801
IX-24e All other expensesPrograms $2,794 · Management $4,983 · Fundraising $2,028$9,805
IX-25 Total functional expensesPrograms $170,670 · Management $58,372 · Fundraising $16,153$245,195
Part X · Balance sheet $689,268 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $107,469$74,275
X-2 Savings and temporary cash investmentsStart of year $70,909$93,259
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, netStart of year $326,175$309,453
X-11 Publicly traded securitiesStart of year $1,256$1,257
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $131,225$211,024
X-16 Total assetsStart of year $637,034$689,268
X-17 Accounts payable and accrued expensesStart of year $11,008$5,000
X-26 Total liabilitiesStart of year $11,008$5,000
X-32 Total net assets or fund balancesStart of year $626,026$684,268
X-33 Total liabilities and net assetsStart of year $637,034$689,268
Part XI · Reconciliation of net assets $684,268 net assets at year end
XI-1 Total revenue$303,437
XI-2 Total expenses$245,195
XI-3 Revenue less expenses$58,242
XI-4 Net assets at start of year$626,026
XI-10 Net assets at end of year$684,268

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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