Overview
What is Loft Cinema Inc Fka Tucson Cinema Foundation Inc?
Loft Cinema Inc Fka Tucson Cinema Foundation Inc, based in Tucson, Arizona, is a leading nonprofit organization committed to showcasing a wide array of art films, foreign, independent, alternative, and classic narrative films and documentaries. With an average of 15 screenings per day, the cinema offers an expansive range of cinema experiences, catering to diverse audiences from various backgrounds, including different races, genders, ages, sexual orientations, and income levels. Their mission is to foster community by celebrating the art and diversity of film. Their programming includes hosting visiting filmmakers and scholars, local film premieres, all-night horror and sci-fi marathons, sing-along events, a free Kids Fest, and a monthly Jr. Series. The Loft Film Fest highlights new films on the festival circuit and honors significant figures in independent cinema. With 48 employees, the Loft Cinema Inc continues to provide affordable tickets and numerous free events, making cinema experiences accessible to all.
Official website here: www.loftcinema.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Star rating from Charity Navigator.
Loft Cinema Inc, formerly known as Tucson Cinema Foundation Inc, has achieved an impressive 96% rating from Charity Navigator, highlighting its strong accountability and financial practices. The organization boasts a majority independent board, with 94% of its 16 members being independent, which reflects a commitment to governance and integrity. Its financial oversight is exemplary, as evidenced by the perfect score in audit and oversight metrics.
The nonprofit exhibits an efficient program expense ratio of 82.14%, indicating that a significant portion of its funds is directed toward its mission-driven activities. The absence of material diversion of assets and a favorable liabilities to assets ratio further underscores its financial health and operational transparency. The presence of comprehensive policies, such as conflict of interest and whistleblower protections, showcases its commitment to ethical governance.
While the organization demonstrates robust financial management and oversight, the summary does not provide information on specific programs or community impact, which could give a fuller picture of its effectiveness in achieving its mission. Overall, Loft Cinema Inc presents itself as a well-managed and responsible nonprofit entity.
This AI summary has been generated from information found on Charity Navigator.
Is Loft Cinema Inc Fka Tucson Cinema Foundation Inc legitimate?
Loft Cinema Inc Fka Tucson Cinema Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loft Cinema Inc Fka Tucson Cinema Foundation 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: $96,410
Professional Fundraising Fees: $0
Other Salaries and Wages: $865,012
For more financial information, click here
Official website here: www.loftcinema.org
What is the mission statement of Loft Cinema Inc Fka Tucson Cinema Foundation Inc?
The Loft Cinema Inc, formerly known as Tucson Cinema Foundation Inc, strives to foster community by celebrating the art and diversity of cinema. They achieve this by serving as a premier venue for art films, independent, foreign, and classic narratives and documentaries, offering an average of 15 screenings daily. The cinema is inclusive and diverse, catering to a wide audience from various backgrounds, including different races, genders, ages, sexual orientations, and income levels. Key events include hosting visiting filmmakers and scholars, local film premieres, all-night horror and sci-fi marathons, sing-a-long events, and free children's festivals. The Loft Cinema's programming aims to provide a full spectrum of cinematic experiences with affordable tickets and numerous free series and events.
Official website here: www.loftcinema.org
Who is the CEO of Loft Cinema Inc Fka Tucson Cinema Foundation Inc?
Ron Barber is the President of Loft Cinema Inc Fka Tucson Cinema Foundation Inc.
Official website here: www.loftcinema.org
What is the revenue of Loft Cinema Inc Fka Tucson Cinema Foundation Inc?
Loft Cinema Inc Fka Tucson Cinema Foundation Inc's revenue in 2022 was $1,998,868.
Official website here: www.loftcinema.org
Who are the executives of Loft Cinema Inc Fka Tucson Cinema Foundation Inc and what are their salaries?
The average compensation at Loft Cinema Inc Fka Tucson Cinema Foundation Inc during 2022 was $20,030. There are 48 employees and 76 volunteers at Loft Cinema Inc Fka Tucson Cinema Foundation Inc.
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- Compensation: $94,099
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Official website here: www.loftcinema.org
Where can I find the form 990 for Loft Cinema Inc Fka Tucson Cinema Foundation Inc?
Loft Cinema Inc Fka Tucson Cinema Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.loftcinema.org
Learn more at the official website: www.loftcinema.org
Mission Statement of Loft Cinema Inc Fka Tucson Cinema Foundation Inc
Loft Cinema Inc, formerly known as Tucson Cinema Foundation Inc, is dedicated to fostering community connection through the celebration of diverse film art. Their mission is centered around showcasing a wide array of films, encompassing art, foreign, independent, alternative, and classic narrative movies, as well as documentaries. The cinema operates 365 days a year, offering an average of 15 screenings daily, ensuring that the community of Southern Arizona, including individuals from various racial, gender, age, sexual orientation, and income backgrounds, have access to a rich cinematic experience.
The Loft Cinema offers an extensive spectrum of cinema experiences, with affordable ticket prices and a variety of free series and events. The programming at the Loft is commendable for its inclusivity, as it has screened films from over 40 countries. Signature events at the Loft include hosting visiting filmmakers and scholars to engage with audiences, local film premieres, all-night horror and sci-fi marathons, sing-along events, the free Loft Kids Fest and Monthly Loft Jr. Series, and the Loft Film Fest, which highlights new films on the festival circuit and honors significant figures in independent cinema. By providing such a diverse and inclusive range of cinematic experiences, Loft Cinema Inc plays a vital role in promoting community bonding and celebrating the art of film.
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Impact
July, 2024
Loft Cinema Inc, formerly known as Tucson Cinema Foundation Inc, has a significant impact on building community by celebrating the art and diversity of film. As the premier venue in the southwestern United States for art films, foreign, independent, alternative, and classic narratives, Loft Cinema provides a full spectrum of cinema experiences. With an average of 15 screenings per day and open 365 days a year, the organization offers affordable tickets and many free series and events that cater to a diverse and inclusive audience.
Loft Cinema's programming showcases films from over 40 countries, ensuring that the entire community of Southern Arizona, including people from every race, gender, age, sexual orientation, and income level, can participate in their events. The organization's signature events, such as hosting visiting filmmakers and scholars, local film premieres, all-night horror and sci-fi marathons, sing-along events, the free Loft Kids Fest and monthly Loft Jr series, and the Loft Film Fest, contribute to the cultural enrichment of the community and highlight new talents in independent cinema.
Through its commitment to celebrating the art and diversity of film, Loft Cinema Inc plays a vital role in fostering a sense of community, promoting cultural exchange, and providing access to a wide range of cinematic experiences for individuals from various backgrounds and interests.
This information is meant to be a general summary of Loft Cinema Inc Fka Tucson Cinema Foundation 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.
- Investment Income: $3,794
- Program Service Revenue: $881,407
- Gross Receipts: $2,162,594
Assets and Liabilities:
- Total Assets: $4,367,970
- Total Liabilities: $761,302
- Net Assets: $3,606,668
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
BOX OFFICE RECEIPTS
Revenue
$739,964
MEMBERSHIP DUES
Revenue
$99,685
THEATER RENTAL
Revenue
$37,355
ADVERTISING INCOME
Revenue
$4,403
Organization Details
Founding Year
2002
Phone
(520) 322-5638Principal Officer
Ron Barber
Main Address
3233 E SPEEDWAY BLVD, TUCSON, AZ, 85716
Website
www.loftcinema.orgNTEE Category
Code: A31 - Arts
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