Light Industry Cinema Projects Ltd FY2022 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2008Arts & CultureEIN 26-3067360Revenue $226K in FY2022

On file with the IRSlightindustry.org361 Stagg St Ste 407, 11206-1743 · Brooklyn, NYTax-exempt since Feb 2009Publicly supported charity — 170(b)(1)(A)(vi)

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Light Industry Cinema Projects promotes cinema as an art form through the presentation of events in New York City at our dedicated space and other spaces, publishing, and assistance to select film productions. The goal of the organization is (Continued on Schedule O, Statement 2)

501(c)(3) charity; gifts are tax-deductible.
48¢ of each $1 spent went to programs.
$82K 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
3 of 5
filings with a surplus
Average deficit $13K a year · 6% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
48%
of spending
Concern: 48% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$82K
to officers and key staff · 28% of spending
Worth a look: pay to officers and key staff is 28% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
7
named funders · $198K
Looks good: 7 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$226K
-0.7% vs prior year
Spent
$295K
To programs
48%
Net assets
$107K
By yearFY2019–FY2025
Revenue
$226K
FY2022▼ -0.7%
Tap a bar for its year
Revenue by fiscal year
FY2019$172K
FY2020$198K
FY2021$228K
FY2022$226K
FY2023$174K
FY2024$227K
FY2025$297K
Expenses
$295K
FY2022▲ +71%
Tap a bar for its year
Expenses by fiscal year
FY2019Not on file
FY2020Not on file
FY2021$172K
FY2022$295K
FY2023$270K
FY2024$198K
FY2025$280K
Net assets
$107K
FY2022▲ +92%
Tap a bar for its year
Net assets by fiscal year
FY2019$10K
FY2020−$10K
FY2021$56K
FY2022$107K
FY2023$11K
FY2024$40K
FY2025$81K

From the FY2022 Form 990 (year ending July 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 Feb 2009.

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

Where the money goes

48 cents of each dollar spent went to programs.

Program services 48% · $141K Management & general 52% · $153K

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

9 people listed on the 990; $82K 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
$41,000Pt VII · Sec A
Director
$41,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Edward Halter’s $43K as Director is at the 38th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Edward Halter$42,750$30,050$30,000$41,000$36,000$25,100
Thomas Beard$42,750$23,000$35,750$41,000$36,000$25,100

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

Presents film events, publishes, and supports productions to unite artistic communities.

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Provided by the organization

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3 programs · $141K · in their own filed words · FY2021
01

During the fiscal period from the middle of 2021 to the middle of 2022, Light Industry Cinema Projects presented 27 public programs in New York City and online, with an in-person attendance of approximately 2000 total individuals, and an online viewership of approximately 4,000.

$133Kprogram expense
02

Design and editorial work on two upcoming film publications, OLIA LIALINA and COUSIN READER.

$8Kprogram expense
03

fiscal sponsorship of the film & literature events series NYIH

Pt IX · col B

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
See all 7 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$226K
Ln 12
Gifts and grantsLn 1h$200K
Fees for servicesLn 2g$23K
Other incomeLn 4–11$2K
Money outPt IX
$295K
Ln 25
Programscol B$141K
Managementcol C$153K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$107K
Total assetsLn 16$107K
LiabilitiesLn 26$0
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$200K
Government grantsLn 1e$64K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$23K
Other incomeLn 4–11$2K
Gains on assetsLn 7$0
Total revenueLn 12$226K
Assets in detailPt X, end of year
CashLn 1$107K
SavingsLn 2$0
Cash and savings togetherLn 1–2$107K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$107K
LiabilitiesLn 26$0
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 50
VolunteersI 63
Fiscal year endsHeaderJuly
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−$25K$107K
InvestmentsLn 11–13$0$0
Total assetsLn 16−$25K$107K
LiabilitiesLn 26−$81K$0
Net assetsLn 32$56K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$82K$41K$41K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$0$0$0$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$3K$0$3K$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$910$0$910$0
Accounting feesLn 11c$4K$0$4K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$12K$10K$2K$0
Advertising and promotionLn 12$368$368$0$0
Office expensesLn 13$10K$0$10K$0
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$72K$72K$0$0
TravelLn 17$6K$6K$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$2K$0$2K$0
Other expenses (24a–d)Ln 24$102K$11K$91K$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$295K$141K$153K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $297K$280K$16K$81K 990 PDF
FY2024 $227K$198K$29K$40K 990 PDF
FY2023 $174K$270K−$96K$11K 990 PDF
FY2022 Viewing $226K$295K−$69K$107K 990 PDF
FY2021 $228K$172K$56K$56K 990 PDF
FY2020 $198K−$10K 990 PDF
FY2019 $172K$10K 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 $225,992 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $143,961$200,425
I-9 Program service revenuePrior year $83,733$23,155
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$2,412
I-12 Total revenuePrior year $227,694$225,992
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $75,857$84,703
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $95,940$209,908
I-18 Total expensesPrior year $171,797$294,611
I-19 Revenue less expensesPrior year $55,897−$68,619
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $225,992 across 15 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$63,780
VIII-1f All other contributions, gifts and grants$136,645
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$200,425
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $23,155 · Unrelated business $0 · Excluded from tax $0$23,155
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $2,412 · Excluded from tax $0$2,412
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $23,155 · Unrelated business $2,412 · Excluded from tax $0$225,992
Part IX · Statement of functional expenses $294,611 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $41,000 · Management $41,000 · Fundraising $0$82,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $2,703 · Fundraising $0$2,703
IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $910 · Fundraising $0$910
IX-11c Accounting feesPrograms $0 · Management $3,756 · Fundraising $0$3,756
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $9,958 · Management $2,400 · Fundraising $0$12,358
IX-12 Advertising and promotionPrograms $368 · Management $0 · Fundraising $0$368
IX-13 Office expensesPrograms $0 · Management $9,911 · Fundraising $0$9,911
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $72,416 · Management $0 · Fundraising $0$72,416
IX-17 TravelPrograms $6,351 · Management $0 · Fundraising $0$6,351
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $2,106 · Fundraising $0$2,106
IX-24 Other expenses (24a–d)Programs $11,049 · Management $90,683 · Fundraising $0$101,732
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $141,142 · Management $153,469 · Fundraising $0$294,611
Part X · Balance sheet $107,278 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year −$25,003$107,278
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year −$25,003$107,278
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payable−$120,000
X-25 Other liabilitiesStart of year −$80,900$120,000
X-26 Total liabilitiesStart of year −$80,900$0
X-32 Total net assets or fund balancesStart of year $55,897$107,278
X-33 Total liabilities and net assetsStart of year −$25,003$107,278
Part XI · Reconciliation of net assets $107,278 net assets at year end
XI-1 Total revenue$225,992
XI-2 Total expenses$294,611
XI-3 Revenue less expenses−$68,619
XI-4 Net assets at start of year$55,897
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$120,000
XI-10 Net assets at end of year$107,278

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

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