Light Industry Cinema Projects Ltd FY2023 filing

Tax-deductible

Brooklyn, NY501(c)(3)Since 2008Arts & CultureEIN 26-3067360Revenue $174K in FY2023

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.
77¢ of each $1 spent went to programs.
$66K 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

FY2023 · 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
77%
of spending
Looks good: 77% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$66K
to officers and key staff · 24% of spending
Worth a look: pay to officers and key staff is 24% of spending; over 20%.
Pt VII · Sec A
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.5 months of spending in cash; under 1.
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
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$174K
-23% vs prior year
Spent
$270K
To programs
77%
Net assets
$11K
By yearFY2019–FY2025
Revenue
$174K
FY2023▼ -23%
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
$270K
FY2023▼ -8%
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
$11K
FY2023▼ -90%
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 FY2023 Form 990 (year ending July 2023) · see the original

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You’re viewing the FY2023 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

77 cents of each dollar spent went to programs.

Program services 77% · $208K Management & general 19% · $52K Fundraising 4% · $10K

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

12 people listed on the 990; $66K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Director
$35,750Pt VII · Sec A
$30,000Pt 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 · $208K · in their own filed words · FY2022
01

During the fiscal period from the middle of 2022 to the middle of 2023, Light Industry Cinema Projects presented 43 public programs in New York City, with an in-person attendance of approximately 5000 total individuals.

$207Kprogram expense
02

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

$426program expense
03

fiscal sponsorship of the film CLEAN ME

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$174K
Ln 12
Gifts and grantsLn 1h$137K
Fees for servicesLn 2g$36K
Other incomeLn 4–11$510
Money outPt IX
$270K
Ln 25
Programscol B$208K
Managementcol C$52K
Fundraisingcol D$10K
Owns and owesPt X
$11K
net assets · Ln 32
Cash and savingsLn 1–2$11K
Total assetsLn 16$11K
LiabilitiesLn 26$0
PeoplePt VI, VII
12
listed · VII A
PaidVII A2
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$137K
Government grantsLn 1e$74K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$14K
Fees for servicesLn 2g$36K
Other incomeLn 4–11$510
Total revenueLn 12$174K
Assets in detailPt X, end of year
CashLn 1$11K
SavingsLn 2$0
Cash and savings togetherLn 1–2$11K
InvestmentsLn 11–13$0
Other assetsLn 15$0
Total assetsLn 16$11K
LiabilitiesLn 26$0
Net assetsLn 32$11K
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 FY23End FY23
Cash and savingsLn 1–2$107K$11K
InvestmentsLn 11–13$0$0
Total assetsLn 16$107K$11K
LiabilitiesLn 26$0$0
Net assetsLn 32$107K$11K
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$66K$30K$26K$10K
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$855$0$855$0
Payroll taxesLn 10$0$0$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$3K$3K$0$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$15K$15K$0$0
Advertising and promotionLn 12$761$761$0$0
Office expensesLn 13$9K$0$9K$0
Information technologyLn 14$2K$2K$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$51K$41K$10K$0
TravelLn 17$7K$4K$3K$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$3K$0$3K$0
Other expenses (24a–d)Ln 24$112K$112K$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$270K$208K$52K$10K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $297K$280K$16K$81K 990 PDF
FY2024 $227K$198K$29K$40K 990 PDF
FY2023 Viewing $174K$270K−$96K$11K 990 PDF
FY2022 $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 FY2023 990 (6 parts)
Part I · Summary $173,538 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $200,425$137,433
I-9 Program service revenuePrior year $23,155$35,595
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $2,412$510
I-12 Total revenuePrior year $225,992$173,538
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 $84,703$66,605
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $209,908$203,103
I-18 Total expensesPrior year $294,611$269,708
I-19 Revenue less expensesPrior year −$68,619−$96,170
Part VI · Governance 10 of 10 board members independent, 3 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
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 $173,538 across 14 lines filed
Lines not itemized here account for $510 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$13,700
VIII-1d Related organizations$0
VIII-1e Government grants$73,780
VIII-1f All other contributions, gifts and grants$49,953
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$137,433
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $35,595 · Unrelated business $0 · Excluded from tax $0$35,595
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 $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 $36,105 · Unrelated business $0 · Excluded from tax $0$173,538
Part IX · Statement of functional expenses $269,708 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 $30,000 · Management $25,750 · Fundraising $10,000$65,750
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 $855 · Fundraising $0$855
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 $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $2,719 · Management $0 · Fundraising $0$2,719
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 $15,464 · Management $0 · Fundraising $0$15,464
IX-12 Advertising and promotionPrograms $761 · Management $0 · Fundraising $0$761
IX-13 Office expensesPrograms $0 · Management $9,368 · Fundraising $0$9,368
IX-14 Information technologyPrograms $1,937 · Management $0 · Fundraising $0$1,937
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $41,367 · Management $10,000 · Fundraising $0$51,367
IX-17 TravelPrograms $3,909 · Management $3,000 · Fundraising $0$6,909
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 $2,924 · Fundraising $0$2,924
IX-24 Other expenses (24a–d)Programs $111,654 · Management $0 · Fundraising $0$111,654
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $207,811 · Management $51,897 · Fundraising $10,000$269,708
Part X · Balance sheet $11,108 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $107,278$11,108
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 $107,278$11,108
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 payableStart of year −$120,000$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $107,278$11,108
X-33 Total liabilities and net assetsStart of year $107,278$11,108
Part XI · Reconciliation of net assets $11,108 net assets at year end
XI-1 Total revenue$173,538
XI-2 Total expenses$269,708
XI-3 Revenue less expenses−$96,170
XI-4 Net assets at start of year$107,278
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$0
XI-10 Net assets at end of year$11,108

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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