Cafa-Third Horizon INC FY2021 filing

Tax-deductible

Miami, FL501(c)(3)Arts & CultureEIN 46-3785257Revenue $198K in FY2021

On file with the IRS111 Ne 1st Street, 33132-2423 · Miami, FLTax-exempt since Jun 2018Publicly supported charity — 170(b)(1)(A)(vi)

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To support the work of carribbean filmmakers in the disapora and region

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
$121K 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

FY2021 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $62K a year · 12% 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
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$121K
to officers and key staff · 35% of spending
Concern: pay to officers and key staff is 35% of spending; over 30%.
Pt VII · Sec A
Cash reserves
12 mo
of spending, in cash
Looks good: 12.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
4
named funders · $505K
Looks good: 4 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
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$198K
-65% vs prior year
Spent
$343K
To programs
57%
Net assets
$346K
By yearFY2020–FY2024
Revenue
$198K
FY2021▼ -65%
Tap a bar for its year
Revenue by fiscal year
FY2020$561K
FY2021$198K
FY2022$433K
FY2023$602K
FY2024$708K
Expenses
$343K
FY2021▲ +189%
Tap a bar for its year
Expenses by fiscal year
FY2020$119K
FY2021$343K
FY2022$538K
FY2023$519K
FY2024$671K
Net assets
$346K
FY2021▼ -30%
Tap a bar for its year
Net assets by fiscal year
FY2020$490K
FY2021$346K
FY2022$240K
FY2023$323K
FY2024$361K

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2018.

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

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $197K Management & general 43% · $146K

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

5 people listed on the 990; $121K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$48,123Pt VII · Sec A
Executive Director
$48,000Pt VII · Sec A
Development Director
$25,020Pt VII · Sec A
Board Treasurer
$0Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A

Romola Lucas’s $74K as Executive Director is at the 69th percentile of top reported officer pay among 2216 $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 · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Romola Lucas$74,498$57,300$54,846$48,000—
Lauren Monson——$50,400——
Jason F Jeffers$2,750$2,055$31,652$48,123—
Jonathan Ali$36,500—$16,905——
Lauren Monzon—$10,964—$25,020—
Romola Lucus————$22,890
Nicole Hector-Jackman$20,090$10,100———
Yaphet Jackman$20,073$14,061$13,500——

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

Supports Caribbean filmmakers in the diaspora and region.

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Provided by the organization

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1 program · $197K · in their own filed words · FY2021
01

1. Production: Throughout 2021, Third Horizon artists attained new levels of acclaim and garnering distribution throughout Criterion Channel; earning representation from 2AM Management;drawing support from Doc Society,Project Week by Gotham,Sundance Institutes Producer Summit; as well as directing for Ava DuVernays Queen Sugar. 2.

$197Kprogram 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
Ford FoundationFY2024$150K
Total grants receivedfrom 4 funders$505K
See all 4 funders →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$198K
Ln 12
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$53K
Money outPt IX
$343K
Ln 25
Programscol B$197K
Managementcol C$146K
Owns and owesPt X
$346K
net assets · Ln 32
Cash and savingsLn 1–2$346K
Total assetsLn 16$346K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A3
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$145K
Fees for servicesLn 2g$53K
Total revenueLn 12$198K
Assets in detailPt X, end of year
CashLn 1$346K
Cash and savings togetherLn 1–2$346K
Total assetsLn 16$346K
LiabilitiesLn 26$0
Net assetsLn 32$346K
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$490K$346K
Total assetsLn 16$490K$346K
LiabilitiesLn 26$0$0
Net assetsLn 32$490K$346K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$121K$50K$71K
Other employee benefitsLn 9$9K$9K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$100K$79K$21K
Advertising and promotionLn 12$30K$13K$17K
Office expensesLn 13$6K$1K$5K
TravelLn 17$11K$9K$1K
Other expenses (24a–d)Ln 24$61K$43K$18K
Total functional expensesLn 25$343K$197K$146K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $708K$671K$38K$361K 990 PDF
FY2023 $602K$519K$83K$323K 990 PDF
FY2022 $433K$538K−$106K$240K 990 PDF
FY2021 Viewing $198K$343K−$145K$346K 990 PDF
FY2020 $561K$119K$442K$490K 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 FY2021 990 (6 parts)
Part I · Summary $197,884 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $525,800$144,944
I-9 Program service revenuePrior year $35,339$52,940
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $561,139$197,884
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $84,958$130,343
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $33,827$212,517
I-18 Total expensesPrior year $118,785$342,860
I-19 Revenue less expensesPrior year $442,354−$144,976
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $197,884 across 5 lines filed
VIII-1f All other contributions, gifts and grants$144,944
VIII-1h Total contributions, gifts and grants$144,944
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $52,940$52,940
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $52,940 · Unrelated business $0 · Excluded from tax $0$197,884
Part IX · Statement of functional expenses $342,860 across 8 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $50,114 · Management $71,029$121,143
IX-9 Other employee benefitsManagement $9,200$9,200
IX-11c Accounting feesManagement $4,212$4,212
IX-11g Other fees for servicesPrograms $79,061 · Management $20,971$100,032
IX-12 Advertising and promotionPrograms $13,438 · Management $16,981$30,419
IX-13 Office expensesPrograms $1,436 · Management $4,620$6,056
IX-17 TravelPrograms $9,346 · Management $1,430$10,776
IX-24 Other expenses (24a–d)Programs $43,316 · Management $17,706$61,022
IX-25 Total functional expensesPrograms $196,711 · Management $146,149 · Fundraising $0$342,860
Part X · Balance sheet $345,589 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $490,405$345,589
X-16 Total assetsStart of year $490,405$345,589
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $490,405$345,589
X-32 Total net assets or fund balancesStart of year $490,405$345,589
X-33 Total liabilities and net assetsStart of year $490,405$345,589
Part XI · Reconciliation of net assets $345,589 net assets at year end
XI-1 Total revenue$197,884
XI-2 Total expenses$342,860
XI-3 Revenue less expenses−$144,976
XI-4 Net assets at start of year$490,405
XI-8 Prior period adjustments$160
XI-10 Net assets at end of year$345,589

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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