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Cinecares Foundation

IRS exemption revoked

Chicago, ILUnknown exempt organization EIN 46-5357443Revenue $145K in FY2020Latest return filed May 15, 2021

On file with the IRScinecaresfoundation.orgChicago, IL

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Cinecares invests in innovative, sustainable programs that empower the residents of chicago, through education and job training in tv and film.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5357443) · Dispute this line
58¢ of each $1 spent went to programs.
$124K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
The IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2020
latest Form 990
The latest return is for FY2020, 6 tax years back.
IRS e-file · Filing history
Spent on programs
58%
of spending
58% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$124K
to officers and key staff · 79% of spending
Pay to officers and key staff is 79% of spending.
Part VII, Section A
Cash reserves
3.0 mo
of spending, in cash
3.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $6K
1 funder names it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$2K
4% of total assets
Liabilities are 4% of assets.
Pt X · Ln 26
Independent board members
3
of 4 voting members
3 of 4 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$145K
Spent
$156K
To programs
58%
Net assets
$37K

From the FY2020 Form 990 · see the original

990 PDF Support Claim
IRS revoked this organization's tax-exempt status on May 15, 2024

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2020.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $91K Management & general 41% · $65K Fundraising 1% · $899

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

Something off? Claim to add context

Who runs it and what they're paid

4 people listed on the 990; $124K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Sheila R Brown
Executive Dir.
$124,231Pt VII · Sec A
$0Pt VII · Sec A
Mark Degnen
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cinecares Foundation executive salaries →

Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers Chicago residents with TV/film education and job training for sustainable careers.

Questions for Cinecares Foundation

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1 program · $91K · in their own filed words · FY2020
01

Internship and program costs, including interviews for apprenticeship positions in the TV and film industries.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-5357443) · Dispute this line
$91Kprogram 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 · FY2021
Enterprise Holdings FoundationFY2021$6K
Total grants receivedfrom 1 funder$6K

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$145K
Ln 12
Gifts and grantsLn 1h$144K
Other incomeLn 4–11$1K
Money outPt IX
$156K
Ln 25
Programscol B$91K
Managementcol C$65K
Fundraisingcol D$899
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$38K
Total assetsLn 16$38K
LiabilitiesLn 26$2K
PeoplePt VI, VII
4
listed · VII A
PaidVII A1
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$144K
Other incomeLn 4–11$1K
Total revenueLn 12$145K
Assets in detailPt X, end of year
CashLn 1$38K
Cash and savings togetherLn 1–2$38K
Total assetsLn 16$38K
LiabilitiesLn 26$2K
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 51
VolunteersI 60
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 FY20End FY20
Cash and savingsLn 1–2$49K$38K
Total assetsLn 16$49K$38K
LiabilitiesLn 26$0$2K
Net assetsLn 32$49K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of officers and key staff (Part IX, line 5)Ln 5$124K$83K$41K
Payroll taxesLn 10$10K$10K
Legal feesLn 11b$157$157
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$175$175
Office expensesLn 13$744$744
TravelLn 17$60$60
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$11K$8K$2K$899
All other expensesLn 24e$999$999
Total functional expensesLn 25$156K$91K$65K$899

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2020 Latest ViewingFiled with the IRS May 15, 2021 $145K$156K−$12K$37K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $144,570 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $237,904$143,570
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$1,000
I-12 Total revenuePrior year $237,904$144,570
I-13 Grants and similar amounts paidPrior year $16,806$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $128,974$133,735
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $51,717$22,676
I-18 Total expensesPrior year $197,497$156,411
I-19 Revenue less expensesPrior year $40,407−$11,841
Part VI · Governance 3 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-2 Family or business relationship among officers or directorsYes
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
Part VIII · Statement of revenue $144,570 across 4 lines filed
VIII-1f All other contributions, gifts and grants$143,570
VIII-1h Total contributions, gifts and grants$143,570
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $1,000$1,000
VIII-12 Total revenueRelated to mission $1,000 · Unrelated business $0 · Excluded from tax $0$144,570
Part IX · Statement of functional expenses $156,411 across 10 lines filed
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $82,821 · Management $41,410$124,231
IX-10 Payroll taxesManagement $9,504$9,504
IX-11b Legal feesManagement $157$157
IX-11c Accounting feesManagement $1,887$1,887
IX-12 Advertising and promotionManagement $175$175
IX-13 Office expensesManagement $744$744
IX-17 TravelManagement $60$60
IX-23 InsuranceManagement $7,390$7,390
IX-24 Other expenses (24a–d)Programs $8,129 · Management $2,236 · Fundraising $899$11,264
IX-24e All other expensesManagement $999$999
IX-25 Total functional expensesPrograms $90,950 · Management $64,562 · Fundraising $899$156,411
Part X · Balance sheet $38,485 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $48,658$38,485
X-16 Total assetsStart of year $48,658$38,485
X-17 Accounts payable and accrued expensesStart of year $0$1,668
X-26 Total liabilitiesStart of year $0$1,668
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $48,658$36,817
X-32 Total net assets or fund balancesStart of year $48,658$36,817
X-33 Total liabilities and net assetsStart of year $48,658$38,485
Part XI · Reconciliation of net assets $36,817 net assets at year end
XI-1 Total revenue$144,570
XI-2 Total expenses$156,411
XI-3 Revenue less expenses−$11,841
XI-4 Net assets at start of year$48,658
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$36,817

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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