Overview
What is Laboratory For Icon And Idiom Inc?
Laboratory for Icon and Idiom Inc, commonly known as IndieCollect, is a nonprofit organization based in New York City, specifically at 174 FIFTH AVENUE STE 404. With a mission to safeguard American independent films from the threat of extinction, IndieCollect addresses the issue of neglected or poorly preserved films. Their primary objective is to educate filmmakers regarding the urgent need for preservation and to provide low-cost, long-term archival storage for independent films. IndieCollect also aims to create an index of every independent film title, making each film easily discoverable to promote its longevity and prominence in the film industry. The organization currently employs a team of two individuals.
Official website here: www.indiecollect.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 68% (Two Stars)
Laboratory For Icon And Idiom Inc has received a Two-Star out of Four Star rating from Charity Navigator, indicating some concerns regarding its financial accountability. The charity's score is primarily derived from its accountability and finance metrics, with a significant weakness in its liabilities to assets ratio, which stands at 103.41%, reflecting financial instability.
Despite these issues, the organization does demonstrate strengths in several areas. It boasts a fully independent board, comprising 11 members, and has a strong program expense ratio of 76.16%, indicating that a substantial portion of its funds is directed toward its programs. Additionally, the charity maintains a comprehensive conflict of interest policy and has recorded meeting minutes, which are positive signs of governance.
However, there are notable limitations, such as the absence of a whistleblower policy and a document retention and destruction policy, both of which are important for ethical governance. Furthermore, the charity has not adequately posted its tax form on its website as required, which could affect transparency. Overall, while there are positive aspects to the organization’s operations, the financial metrics suggest that potential donors should proceed with caution.
This AI summary has been generated from information found on Charity Navigator.
Is Laboratory For Icon And Idiom Inc legitimate?
Laboratory For Icon And Idiom Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Laboratory For Icon And Idiom Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $56,077
For more financial information, click here
Official website here: www.indiecollect.org
What is the mission statement of Laboratory For Icon And Idiom Inc?
The Laboratory for Icon and Idiom Inc's mission is centered around safeguarding American independent films from the brink of extinction. This is achieved through two primary strategies: addressing neglect and faulty preservation strategies, and educating filmmakers about the urgent need for preservation. The organization strives to preserve the collective body of work in long-term archival storage, providing this service at no cost to the filmmakers. Furthermore, the Laboratory for Icon and Idiom Inc registers every independent title in their unique index, ensuring each film becomes easily discoverable.
Official website here: www.indiecollect.org
Who is the CEO of Laboratory For Icon And Idiom Inc?
Sandra Schulberg is the President And Secretary of Laboratory For Icon And Idiom Inc.
Official website here: www.indiecollect.org
What is the revenue of Laboratory For Icon And Idiom Inc?
Laboratory For Icon And Idiom Inc's revenue in 2022 was $473,373.
Official website here: www.indiecollect.org
Who are the executives of Laboratory For Icon And Idiom Inc and what are their salaries?
The average compensation at Laboratory For Icon And Idiom Inc during 2022 was $28,038. There are 2 employees and 11 volunteers at Laboratory For Icon And Idiom Inc.
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Official website here: www.indiecollect.org
Where can I find the form 990 for Laboratory For Icon And Idiom Inc?
Laboratory For Icon And Idiom Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.indiecollect.org
Learn more at the official website: www.indiecollect.org
Mission Statement of Laboratory For Icon And Idiom Inc
Laboratory for Icon and Idiom Inc, a dedicated nonprofit organization, is on a mission to safeguard American independent films from the brink of extinction. This mission is driven by two primary concerns: neglect and ineffective preservation strategies.
The heart of Laboratory for Icon and Idiom Inc's mission is IndieCollect, a program aimed at educating filmmakers about the urgent need to preserve their work. IndieCollect's goal is to preserve the collective body of independent films, ensuring that these valuable pieces of art do not fade into oblivion. The organization offers long-term archival storage for these films at no cost to the filmmakers.
In addition to preservation, IndieCollect also focuses on registration. Every independent title is registered in IndieCollect's unique index, making each film easily discoverable. This indexing system not only ensures the survival of these films but also increases their visibility, potentially leading to new opportunities for the filmmakers. By providing these essential services, Laboratory for Icon and Idiom Inc is playing a crucial role in safeguarding the future of independent filmmaking in the United States.
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Impact
July, 2024
Laboratory For Icon And Idiom Inc, also known as IndieCollect, has made a significant impact in the preservation and promotion of American independent films. By actively working to save independent films from the risk of extinction due to neglect or faulty preservation strategies, IndieCollect is playing a crucial role in safeguarding a unique and diverse body of work.
Moreover, through their efforts to educate filmmakers about the importance of preserving their films and providing long-term archival storage at no cost, IndieCollect is not only ensuring the survival of these films but also empowering independent filmmakers to continue creating impactful and meaningful work.
By registering every indie title in their unique index, IndieCollect is making these films discoverable and accessible to a wider audience, further contributing to the preservation and celebration of American independent cinema. Their dedication to this cause is commendable and their impact on the arts and film industry is invaluable.
This information is meant to be a general summary of Laboratory For Icon And Idiom Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $67,505
- Gross Receipts: $473,373
Assets and Liabilities:
- Total Assets: $148,338
- Total Liabilities: $147,363
- Net Assets: $975
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RESTORATION SERVICES
Revenue
$35,843
OTHER SERVICE FEES
Revenue
$25,900
FILMMAKER MEMBERS FEES
Revenue
$5,762
Organization Details
Founding Year
1985
Phone
(917) 667-6077Principal Officer
Sandra Schulberg
Main Address
174 FIFTH AVENUE STE 404, NEW YORK, NY, 10010
Website
www.indiecollect.orgNTEE Category
Code: A31Z - Arts
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