2024-08-17T01:45:40-05:00 2023-12-31 221478099 COHNREZNICK LLP 500 EAST PRATT STREET 4TH FLOOR BALTIMORE MD 21202 990 2023-01-01 521828837 THE PRODUCERS CLUB OF MD INC PROD 4107528083 POBOX 13246 BALTIMORE MD 21203 DANIEL CRONIN TREASURER 4107528083 2024-08-15 1 0 LORI ROTHE YOKOBOSKY CPA P01273422 4107834900 2024-08-15 2023 2024-08-08 14:25:15Z DANIEL CRONIN POBOX 13246 BALTIMORE MD 21203 569821 0 X WWW.MDFILMFEST.COM X 1993 MD SEE SCHEDULE O. 12 12 11 250 0 0 829196 689900 4325011 -148584 3679 28505 0 0 5157886 569821 15000 15000 0 0 734736 406399 0 0 199080 1790428 825916 2540164 1247315 2617722 -677494 18780931 18546567 2439458 2539106 16341473 16007461 X SEE SCHEDULE OTHE MISSION OF THE CORPORATION IS TO BRING FILMS, FILMMAKERS, AND AUDIENCES TOGETHER IN A FRIENDLY, INCLUSIVE ATMOSPHERE THAT REFLECTS THE UNIQUE ASPECTS OF OUR COMMUNITY, WHILE PARTICIPATING IN AND ADDING TO THE LARGER FILM DIALOGUE ACROSS THE COUNTRY AND ACROSS THE WORLD, FILM FOR EVERYONE. 0 0 934911 15000 -148584 IN 2017, THE CORPORATION GREW FROM A FIVE-DAY FILM FESTIVAL INTO THE OWNER AND OPERATOR OF A THREESCREEN, YEAR-ROUND MOVIE THEATER COMPLEX, THE STAVROS NIARCHOS FOUNDATION PARKWAY, LEADING AN EFFORT TO TRANSFORM THE ROLE OF FILM AND FILM CULTURE IN MARYLAND. BALTIMORE'S NEWEST CULTURAL HUB, THE SNF PARKWAY THEATRE PROVIDES YEAR-ROUND FILM, DIGITAL VIDEO, EDUCATIONAL OFFERINGS, COMMUNITY INITIATIVES, SPECIAL EVENTS, AND LIVE MUSIC CONCERTS IN STATION NORTH ARTS & ENTERTAINMENT DISTRICT, THE GEOGRAPHIC CENTER OF BALTIMORE CITY. THE ORGANIZATION HAS ALSO PARTNERED WITH THE JOHNS HOPKINS UNIVERSITY AND MARYLAND INSTITUTE COLLEGE OF ART ("MICA") JOINT GRADUATE FILM AND MEDIA STUDIES PROGRAM TO USE THE SPACE AS BOTH A CLASSROOM, SCREENING, AND EDUCATION SPACE, OFFERING THE COMMUNITY ACCESS TO AN EDUCATIONAL COMPONENT TO THE ORGANIZATION'S FILM OFFERINGS. THE WORLD-WIDE SPREAD OF A NOVEL CORONAVIRUS ("COVID-19") AND RELATED VARIANTS IN 2020 AND 2021 DRAMATICALLY ALTERED THE CORPORATION'S ACTIVITIES. STATE OF MARYLAND AND BALTIMORE CITY COVID-19 EXECUTIVE ORDERS FORCED THE CORPORATION TO CLOSE ITS FLAGSHIP PARKWAY THEATRE ON MARCH 13, 2020, AND THE THEATRE REMAINED CLOSED TO THE PUBLIC UNTIL AUGUST 2021 DUE TO THE ENDURING PANDEMIC. TO CONTINUE TO SERVE AUDIENCES AND THE COMMUNITY WITH MEMORABLE FILM AND CULTURAL EXPERIENCES, MANAGEMENT QUICKLY PIVOTED TO DEVELOP AND LAUNCH ONE OF THE FIRST VIRTUAL MOVIE THEATER AND LIVESTREAM PLATFORMS IN THE UNITED STATES IN APRIL 2020 AND TRANSITIONED ITS SIGNATURE PROGRAM, THE MARYLAND FILM FESTIVAL, ONLINE FOR BOTH 2021 AND 2022. THE ENDURING COVID-19 PANDEMIC CREATED NEW CHALLENGES FOR THE FILM FESTIVAL AS IT DID FOR COUNTLESS OTHER ARTS ORGANIZATIONS. THE FILM INDUSTRY EXPERIENCED DRAMATIC CHANGES, AND FILMGOERS' HABITS CHANGED AND CONTINUE TO EVOLVE. THE ORGANIZATION WAS EXCITED ABOUT THE PROMISE OF AUDIENCES RETURNING WHEN THE PARKWAY THEATRE REOPENED IN AUGUST 2021, BUT ATTENDANCE AT THE ANNUAL FESTIVAL, SCREENINGS AND EVENTS HAS NOT RETURNED TO PRE-PANDEMIC LEVELS. GIVEN THESE CONTINUING CHALLENGES, THE MARYLAND FILM FESTIVAL BOARD OF DIRECTORS MADE THE DIFFICULT DECISION TO SCALE BACK THE ORGANIZATION'S OPERATIONS AND PAUSE SCREENINGS, PROGRAMS, AND EVENTS. WITH PUBLIC EVENTS PAUSED, THE MARYLAND FILM FESTIVAL HAS PRIORITIZED AND UNDERTAKEN A RE-ENVISIONING PROCESS TO DEVELOP A NEW BUSINESS MODEL AND PLAN THAT WILL CHART THE FUTURE TRAJECTORY OF THE ORGANIZATION,INCLUDING THE ANNUAL FILM FESTIVAL, AND THE OPERATIONS OF THE PARKWAY THEATRE. THE 2023 FILM FESTIVAL WAS POSTPONED, AND THE BOARD HAS COMMITTED TO MOUNTING A MEMORABLE 25TH ANNIVERSARY FESTIVAL IN THE SPRING OF 2024. THE CORPORATION'S GOAL IS TO ENSURE THAT THE ORGANIZATION REMAINS A VITAL COMMUNITY ASSET FOR MANY YEARS TO COME. 934911 1 1 0 0 0 0 0 0 0 1 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 1 16 0 1 11 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 MD X DANIEL CRONIN 4107528083 3 W NORTH AVE BALTIMORE MD 21201 X SCOT SPENCER CHAIR 4.00 X X 0 0 0 SAMUEL HOI DIRECTOR - OUTGOING 0.25 X 0 0 0 RONALD J DANIELS DIRECTOR 0.25 X 0 0 0 PAULA ROME DIRECTOR - OUTGOING 0.25 X 0 0 0 MICHAEL MANDEL TREASURER - OUTGOING 2.00 X X 0 0 0 MATTHEW POOVAN DIRECTOR 0.50 X 0 0 0 MARTIN LEMELLE DIRECTOR 0.25 X 0 0 0 MARK FURMAN DIRECTOR - OUTGOING 0.25 X 0 0 0 MANDEEP SINGH DIRECTOR - OUTGOING 0.25 X 0 0 0 LYNN RAUCH DIRECTOR - OUTGOING 0.25 X 0 0 0 LINDA NATHAN DIRECTOR 2.00 X 0 0 0 JOHN WATERS DIRECTOR - OUTGOING 0.50 X 0 0 0 JOHN CARDELLINO DIRECTOR - OUTGOING 0.50 X 0 0 0 JED DIETZ DIRECTOR (FOUNDER) - OUTGOING 0.25 X 0 0 0 GWEN DAVIDSON DIRECTOR - OUTGOING 0.50 X 0 0 0 GORDON GLENN DIRECTOR - OUTGOING 2.00 X 0 0 0 DAN CRONIN SECRETARY & TREASURER 2.00 X X 0 0 0 D WATKINS DIRECTOR 0.25 X 0 0 0 CAMILLE BLAKE FALL VICE CHAIR 2.00 X X 0 0 0 ASHLEIGH LYNN DIRECTOR 1.00 X 0 0 0 ANGEL PRESTON DIRECTOR 0.25 X 0 0 0 ANDREW SCHULEMAN DIRECTOR 0.25 X 0 0 0 ADRIENNE PERES DIRECTOR 2.00 X 0 0 0 SANDRA GIBSON EXECUTIVE DIRECTOR 60.00 X 0 0 0 0 0 0 0 0 0 0 SANDRA L GIBSON & ASSOCIATES LLC 9905 FERNWOOD ROAD BETHESDA MD 20817 EXECUTIVE DIRECTOR CONTRACT 219593 C SUITE COMPLETE LLC 5909 DAVIS ROAD WOODBINE MD 21797 CFO ADVISORY SERVICES 144500 2 310210 379690 689900 PARKWAY THEATRE 532000 127343 127343 LEVERAGE LOAN INTEREST 531390 49043 49043 THEATRE & FEST. OPER. 711300 18512 18512 PARKWAY THEATRE, LLC 531120 -343482 -343482 -148584 28505 28505 569821 -148584 0 28505 15000 15000 392978 234243 21234 137501 13421 8000 725 4696 10318 10318 154160 75835 23125 55200 144 144 6693 6693 32084 32084 261403 261403 777 455 322 105254 105254 127335 127335 57600 57600 GUEST AND STAFF COSTS 54236 54236 CONSESSIONS 5734 5734 DUES AND SUBSCRIPTION 3012 3012 CREDIT CARD AND BANK FE 2117 2117 5049 3366 1683 1247315 934911 113324 199080 2330422 2173694 68865 112726 1330084 1353671 9754400 9754400 49052 28147 1522346 765637 879056 756709 4359584 4359584 9468 7636 18780931 18546567 105891 43415 5000 1738897 1738897 594670 751794 2439458 2539106 X 15955324 15626353 386149 381108 16341473 16007461 18780931 18546567 X -677494 343482 X 0 1 X 1 0 X 2898157 2031881 1293698 829196 689900 7742832 1093677 425035 406542 4325011 0 6250265 3991834 2456916 1700240 5154207 689900 13993097 0 0 0 13993097 52232 49239 95837 3679 28505 229492 52232 49239 95837 3679 28505 229492 4044066 2506155 1796077 5157886 718405 14222589 0.98390 0.83070 0.01610 0.01640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70199 70199 70199 70199 70199 70199 70199 70199 67199 3000 70199 0.28000 0.72000 0 0 471574 77614 393960 203297 132784 70513 768976 477268 291708 78499 77971 528 756709 INVESTMENTS - PROGRAM RELATED 4359584 C 4359584 ACCRUED INTEREST PAYABLE 699924 DUE FROM (TO) PKWY INV. FUND 51870 751794 X 913303 0 913303 -343482 -343482 569821 1247315 0 1247315 0 1247315 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE EXEMPTION IS ON ALL INCOME EXCEPT UNRELATED BUSINESS INCOME AS NOTED UNDER SECTION 511 OF THE INTERNAL REVENUE CODE. THE CORPORATION DID NOT HAVE ANY UNRELATED BUSINESS INCOME FOR THE YEARS ENDED DECEMBER 31, 2023 AND 2022. ACCORDINGLY, NO PROVISION FOR INCOME TAXES HAS BEEN INCLUDED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. INCOME TAX RETURNS FILED BY THE CORPORATION ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE FOR A PERIOD OF THREE YEARS. WHILE NO INCOME TAX RETURNS ARE CURRENTLY BEING EXAMINED BY THE INTERNAL REVENUE SERVICE, TAX RETURNS SINCE 2020 REMAIN OPEN. PART XI, LINE 4B - OTHER ADJUSTMENTS: FLOW-THROUGH RENTAL INCOME FROM PARKWAY THEATRE, LLC -343,482. 1 FILMMAKER FELLOWSHIP GRANT 1 15000 PART I, LINE 2: THE MARYLAND FILM FESTIVAL FUNDS AND ADMINISTERS THE MARYLAND FILMMAKERS FELLOWSHIP EACH YEAR IN PARTNERSHIP WITH SUNDANCE LABS. WINNERS ARE SELECTED BY A PANEL OF MARYLAND CITIZENS WHO SUPPORT THE WORK OF THE MARYLAND FILM FESTIVAL, BUT NONE OF WHOM ARE ASSOCIATED WITH THE FILM INDUSTRY. TYPICALLY FIRST MONEY IN, GRANTS ARE GIVEN TO HELP WITH PRE-PRODUCTION AND COME WITH NO OBLIGATION OTHER THAN THE MONEY BE USED TO MOVE TOWARD PRODUCTION, ACKNOWLEDGE THE FELLOWSHIP IN END TITLE CREDITS, AND SCREEN THE FILM IN MARYLAND BEFORE IT GOES IN TO THE MARKETPLACE. THE PROGRAM WAS EXPANDED IN 2020 TO INCLUDE FUNDS FOR AWARDEES TO MARKET THEIR COMPLETED FILMS. SANDRA GIBSON EXECUTIVE DIRECTOR 219593 EXECUTIVE DIRECTOR CONTRACT 0 FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: THE MISSION OF THE CORPORATION IS TO BRING FILMS, FILMMAKERS, AND AUDIENCES TOGETHER IN A FRIENDLY, INCLUSIVE ATMOSPHERE THAT REFLECTS THE UNIQUE ASPECTS OF OUR COMMUNITY, WHILE PARTICIPATING IN AND ADDING TO THE LARGER FILM DIALOGUE ACROSS THE COUNTRY AND ACROSS THE WORLD, FILM FOR EVERYONE. FORM 990, PART VI, SECTION B, LINE 11B THE EXECUTIVE DIRECTOR REVIEWS THE 990 BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION UPDATES THEIR POLICY ANNUALLY IF NEEDED. FORM 990, PART VI, SECTION C, LINE 19 AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FEDERAL FORM 990 IS DISCLOSED ON-LINE AT WWW.GUIDESTAR.ORG FORM 990, PART XI, LINE 9: FLOW THROUGH INCOME FROM PARKWAY THEATRE, LLC 343,482. TRF NMTC FUND XXXIV LP C/O REINVESTMENT FUND INC 1700 MARK PHILADELPHIA PA 19103 473965002 THEATRE PRODCUTION PA 0 0 THE PRODUCERS CLUB OF MARYLAND INC PARKWAY THEATRE INVESTMENT FUND LLC PO BOX 13246 BALTIMORE MD 21203 THEATRE PRODCUTION MD 0 0 THE PRODUCERS CLUB OF MARYLAND INC PARKWAY THEATRE LLC 5 W NORTH AVE BALTIMORE MD 21201 THEATRE PRODUCTION MD THE PRODUCERS CLUB OF MARYLAND INC RELATED 343482 11812051 0 1 0.95000 0 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 PARKWAY THEATRE LLC D 13975000 CASH PARKWAY THEATRE INVESTMENT FUND LLC D 9754400 CASH