Cinestudio INC FY2024 filing

Tax-deductible

Hartford, CT501(c)(3)Since 2001Arts & CultureEIN 26-0042514Revenue $182K in FY2024

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.
62¢ of each $1 spent went to programs.
$83K 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

FY2024 · 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
62%
of spending
Worth a look: 62% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$83K
to officers and key staff · 38% of spending
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 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
$7K
1% 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
$182K
-9% vs prior year
Spent
$220K
To programs
62%
Net assets
$602K
By yearFY2020–FY2025
Revenue
$182K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$263K
FY2021$173K
FY2022$303K
FY2023$201K
FY2024$182K
FY2025$256K
Expenses
$220K
FY2024▼ -10%
Tap a bar for its year
Expenses by fiscal year
FY2020$249K
FY2021$149K
FY2022$245K
FY2023$244K
FY2024$220K
FY2025$236K
Net assets
$602K
FY2024▼ -6%
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 FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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

62 cents of each dollar spent went to programs.

Program services 62% · $137K Management & general 32% · $71K Fundraising 6% · $12K

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

17 people listed on the 990; $83K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Executive Dir.
$83,236Pt VII · Sec A
Creative Dir.
$231Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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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1 program · $137K · in their own filed words · FY2023
01

Cinestudio, Inc., an independent nonprofit cinema located on the campus of Trinity College in Hartford, Connecticut, continues to uphold its mission of providing adiverse and enriching cinematic experience to the Greater Hartford community.

$137Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$182K
Ln 12
Gifts and grantsLn 1h$97K
Fees for servicesLn 2g$82K
Investment incomeLn 3$3K
Money outPt IX
$220K
Ln 25
Programscol B$137K
Managementcol C$71K
Fundraisingcol D$12K
Owns and owesPt X
$602K
net assets · Ln 32
Cash and savingsLn 1–2$72K
Total assetsLn 16$609K
LiabilitiesLn 26$7K
PeoplePt VI, VII
17
listed · VII A
PaidVII A2
Voting boardVI 1a13
IndependentVI 1b13
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$97K
Government grantsLn 1e$3K
Fees for servicesLn 2g$82K
Investment incomeLn 3$3K
Gains on assetsLn 7$0
Total revenueLn 12$182K
Assets in detailPt X, end of year
CashLn 1$43K
SavingsLn 2$30K
Cash and savings togetherLn 1–2$72K
InvestmentsLn 11–13$100K
Land, buildings, equipmentLn 10c$308K
Other assetsLn 15$129K
Total assetsLn 16$609K
LiabilitiesLn 26$7K
Net assetsLn 32$602K
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 FY24End FY24
Cash and savingsLn 1–2$129K$72K
InvestmentsLn 11–13$22K$100K
Land, buildings, equipmentLn 10c$287K$308K
Total assetsLn 16$645K$609K
LiabilitiesLn 26$5K$7K
Net assetsLn 32$641K$602K
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$83K$34K$41K$9K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$32K$32K$193
Pension plan contributionsLn 8$3K$2K$227$48
Other employee benefitsLn 9$683$601$68$14
Payroll taxesLn 10$10K$9K$874$185
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$8K$8K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$6K$6K
Advertising and promotionLn 12$4K$3K$651
Office expensesLn 13$4K$2K$1K$350
Information technologyLn 14$202$202
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$2K$2K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$66$66
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$25K$15K$7K$2K
InsuranceLn 23$1K$1K
Other expenses (24a–d)Ln 24$38K$38K
All other expensesLn 24e$4K−$4K$8K$54
Total functional expensesLn 25$220K$137K$71K$12K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $256K$236K$20K$622K 990 PDF
FY2024 Viewing $182K$220K−$39K$602K 990 PDF
FY2023 $201K$244K−$44K$641K 990 PDF
FY2022 $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 FY2024 990 (6 parts)
Part I · Summary $181,726 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $118,290$96,789
I-9 Program service revenuePrior year $82,601$81,675
I-10 Investment incomePrior year $375$3,481
I-11 Other revenuePrior year −$544−$219
I-12 Total revenuePrior year $200,722$181,726
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $127,365$129,053
I-16a Professional fundraising feesPrior year $1,275$0
I-17 Other expensesPrior year $115,765$91,211
I-18 Total expensesPrior year $244,405$220,264
I-19 Revenue less expensesPrior year −$43,683−$38,538
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 $181,726 across 10 lines filed
Lines not itemized here account for −$219 of total revenue; see the IRS return.
VIII-1e Government grants$2,700
VIII-1f All other contributions, gifts and grants$94,089
VIII-1h Total contributions, gifts and grants$96,789
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $81,675$81,675
VIII-3 Investment incomeExcluded from tax $3,481$3,481
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 $81,675 · Unrelated business −$219 · Excluded from tax $3,481$181,726
Part IX · Statement of functional expenses $220,264 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 $33,523 · Management $40,788 · Fundraising $9,156$83,467
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $32,003 · Management $193$32,196
IX-8 Pension plan contributionsPrograms $2,347 · Management $227 · Fundraising $48$2,622
IX-9 Other employee benefitsPrograms $601 · Management $68 · Fundraising $14$683
IX-10 Payroll taxesPrograms $9,026 · Management $874 · Fundraising $185$10,085
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $7,680$7,680
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $5,976$5,976
IX-12 Advertising and promotionPrograms $3,178 · Management $651$3,829
IX-13 Office expensesPrograms $2,100 · Management $1,050 · Fundraising $350$3,500
IX-14 Information technologyManagement $202$202
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $1,875$1,875
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 InterestManagement $66$66
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $14,957 · Management $7,478 · Fundraising $2,493$24,928
IX-23 InsuranceManagement $1,252$1,252
IX-24 Other expenses (24a–d)Programs $37,749$37,749
IX-24e All other expensesPrograms −$4,050 · Management $8,150 · Fundraising $54$4,154
IX-25 Total functional expensesPrograms $137,410 · Management $70,554 · Fundraising $12,300$220,264
Part X · Balance sheet $609,469 assets, 17 lines filed
X-1 Cash, non-interest-bearingStart of year $24,458$42,581
X-2 Savings and temporary cash investmentsStart of year $104,458$29,515
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 $286,872$308,344
X-11 Publicly traded securitiesStart of year $21,669$100,090
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $208,012$128,939
X-16 Total assetsStart of year $645,469$609,469
X-17 Accounts payable and accrued expensesStart of year $4,748$7,286
X-26 Total liabilitiesStart of year $4,748$7,286
X-32 Total net assets or fund balancesStart of year $640,721$602,183
X-33 Total liabilities and net assetsStart of year $645,469$609,469
Part XI · Reconciliation of net assets $602,183 net assets at year end
XI-1 Total revenue$181,726
XI-2 Total expenses$220,264
XI-3 Revenue less expenses−$38,538
XI-4 Net assets at start of year$640,721
XI-10 Net assets at end of year$602,183

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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