2024-09-27T13:00:19-05:00 2024-03-31 221914888 NISIVOCCIA LLP 200 VALLEY RD SUITE 300 MT ARLINGTON NJ 07856 990 2023-04-01 271732322 MONTCLAIR FILM FESTIVAL INC MONT 9734350436 505 BLOOMFIELD AVENUE MONTCLAIR NJ 07042 EVELYN MCGEE COLBERT BOARD PRESIDENT 9734350436 2024-09-26 1 0 CHRISTABEL VALLADARES CPA P02451559 9733281825 2024-09-26 2023 2024-10-15 13:58:12Z EVELYN MCGEE COLBERT 505 BLOOMFIELD AVENUE MONTCLAIR NJ 07042 4751220 0 X WWW.MONTCLAIRFILM.ORG X 2010 NJ MONTCLAIR FILM CONNECTS GLOBAL FILMMAKERS WITH AUDIENCES IN A DIVERSE, CULTURALLY VIBRANT COMMUNITY BY PRESENTING FILMS AND YEAR-ROUND PROGRAMS THAT ENGAGE, ENTERTAIN, AND EDUCATE THROUGH THE POWER OF VISUAL STORYTELLING. 24 24 69 200 0 0 1814062 1609291 1303113 2485625 0 0 393834 507891 3511009 4602807 5000 5000 0 0 1585394 1725953 0 0 259722 2170951 2771363 3761345 4502316 -250336 100491 5359518 5001150 1925425 1466566 3434093 3534584 MONTCLAIR FILM CONNECTS GLOBAL FILMMAKERS WITH AUDIENCES IN A DIVERSE, CULTURALLY VIBRANT COMMUNITY BY PRESETING FILMS AND YEAR-ROUND PROGRAMS THAT ENGAGE, ENTERTAIN, AND EDUCATE THROUH THE POWER OF VISUAL STORYTELLING. 0 0 2843864 5000 2000833 EXHIBITION: THE ORGANIZATIONS EXHIBITION PROGRAMS INLCUDE ITS SIGNATURE ANNAUL FILM FESTIVAL HELD IN OCTOBER, FEATURING 150+ FILM SCREENINGS, REACHING TYPICALLY 25,000+ PATRONS OVER 10 DAYS. IN ADDITION, THE ORGANIZATION LEASES AND OPERATES THE CLAIRIDGE, A SIX SCREEN MOVIE THEATER WITH OVER 590 SEATS, AND PRESENTS NEW THEATRICIAL RELEASES, INDEPENDENT, NON-FICTION, STUDIO, AND CLASSIC FILMS TO OUR COMMUNITY 365 DAYS A YEAR. MONTCLAIR FILM ALSO OPERATES A 65-SEAT THEATER CALLED CINEMA505, WHICH HOSTS PERFORMANCES, CONVERSATIONS, TELEVISION TAPINGS, SCREENINGS, CLASSES, AND MORE. CINEMA505 IS LOCATED IN THE HOME AND HEADQUARTERS FOR THE ORGANIZATION. 587009 293667 EDUCATION: THE ORGANIZATION'S EDUCATION PROGRAMS INCLUDE: YEAR-ROUND WORKSHOPS, CLASSES, AND SEMINARS ABOUT THE CRAFT OF FILMMAKING, STORYTELING, AND NEW MEDIA;CAREER DEVELOPMENT OPPORTUNITIES; FILMMAKING AND SCREENWRITING COMPETITIONS FOR YOUNG FILMMAKERS; SUMMER FILMMAKING ACADEMY CLASSES; FILM CLUB FOR SPECIAL NEEDS AUDIENCES; SPECIAL SCREENINGS AT THE CLAIRIDGE FOR MIDLE AND HIGH SCHOOL STUDENTS TO GENERATE A DSICUSSION ABOUT SOCIAL ISSUES; AND FILMMAKING AND OTHER STORYTELING COURSES AT MIDDLE AND HIGH SCHOOLS. THE ORGANIZATION OFFERS SCHOLARSHIPS TO THOSE IN NEED TO ENSURE THESE OPPORTUNITIES ARE AVAILABLE TO ALL. 308546 699016 FORUMS: THESE PROGRAMS INCLUDE THE STORYTELLER SERIES OF CONVERSATIONS WITH FILM AND TELEVISION INDUSTRY INSIDERS; PANEL DISCUSSIONS; MASTER CLASSES; STORYTELLING AND IMPROV PROGRAMS INVITING THE AUDIENCE TO PARTICIPATE; AND OTHER PROGRAMS THAT USE FILM AS A SPRINGBOARD TO EXPLORE TOPICS AND ENCOURAGE CONVERSATIONS THAT ARE IMPORTANT TO COMMUNITY PARTNERS. 3739419 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 108 0 1 69 1 0 0 0 0 1 1 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X X MEREDITH LADOV 9737836433 505 BLOOMFIELD AVE MONTCLAIR NJ 07042 X EVELYN MCGEE COLBERT PRESIDENT 3.00 X X 0 0 0 MATTHEW IVERSEN SECRETARY 3.00 X X 0 0 0 DON ZIEF TREASURER 3.00 X X 0 0 0 SARAH BARRACK VP COMMUNITY & ARTISTIC 1.00 X X 0 0 0 TREVOR GANDY VP NOMINATING & GOVERNANCE 1.00 X X 0 0 0 KAREN GULLIVER VP EDUCATION 1.00 X X 0 0 0 MARY ANNE VAUGHN VICE PRESIDENT 1.00 X X 0 0 0 DANIEL BATTSEK TRUSTEE 1.00 X 0 0 0 SUSAN BERSHAD TRUSTEE 1.00 X 0 0 0 ROSE CALI TRUSTEE 1.00 X 0 0 0 CHRISTOPHER CERF TRUSTEE 1.00 X 0 0 0 CONRAD FINK TRUSTEE 1.00 X 0 0 0 ALEXIS FINKLE TRUSTEE 1.00 X 0 0 0 YANA GUTIERREZ VP DEVELOPMENT 1.00 X X 0 0 0 LORRI MAAKE TRUSTEE 1.00 X 0 0 0 GLENDA MCNEAL TRUSTEE 1.00 X 0 0 0 DARLENE PATTERSON TRUSTEE 1.00 X 0 0 0 SHELLEY PHILLIPS TRUSTEE 1.00 X 0 0 0 WARREN ROSS TRUSTEE 1.00 X 0 0 0 YANA COLLINS LEHMAN TRUSTEE 1.00 X 0 0 0 HOLLY SHAKOOR TRUSTEE 1.00 X 0 0 0 MATTHEW SMITH TRUSTEE 1.00 X 0 0 0 JONATHAN SOBEL TRUSTEE 1.00 X 0 0 0 ROBERT FEINBERG TRUSTEE 1.00 X 0 0 0 BETH GOTTUNG EXECUTIVE DIRECTOR 40.00 X 135156 0 0 TOM HALL ARTISTIC DIRECTOR 40.00 X 150000 0 0 285156 0 0 2 0 0 0 0 239111 47486 213041 1109653 13100 1609291 TICKET SALES 711190 1993891 1993891 EDUCATION PROGRAM 711110 468037 468037 SUBMISSION FEES 711110 23697 23697 2485625 27080 47486 27080 0 379420 121333 258087 258087 ADVERTISING 711110 113010 113010 RENTAL 711110 77727 77727 NAMING RIGHTS 711110 56667 56667 2400 2400 249804 4602807 2993516 0 0 5000 5000 290000 150400 66300 73300 1237133 1036783 174571 25779 41560 32202 6606 2752 157260 123458 24074 9728 13741 13741 59180 59180 378696 247576 45600 85520 161745 161745 82473 60248 8301 13924 476344 466578 6504 3262 43209 43169 40 15716 15716 199810 186396 8623 4791 110731 86491 12120 12120 EQUIPMENT AND FILM RENT 645665 645665 VENUE RENTAL AND SET UP 207513 207513 CREDIT CARD PROCESSING 76151 50260 25891 CATERING AND RELATED EX 70241 70241 230148 149978 77515 2655 4502316 3739419 503175 259722 282315 288296 220259 87982 310785 188567 33711 26234 47700 20210 4688079 780399 3821725 3907680 63666 62155 579357 420026 5359518 5001150 186312 224361 310123 194020 856489 634132 572501 414053 1925425 1466566 X 3341255 3446746 92838 87838 3434093 3534584 5359518 5001150 100491 0 X X 0 1 X 1 0 X 823785 600598 2290463 1798282 1609291 7122419 823785 600598 2290463 1798282 1609291 7122419 106164 7016255 924 391 72 1387 273292 249804 523096 7646902 4168158 0.91750 0.94320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 826486 826486 2381243 358483 2022760 679322 96231 583091 347271 196268 151003 453757 129417 324340 3907680 SECURITY DEPOSITS 52738 OPERATING LEASE - RIGHT OF USE ASSET 367288 420026 OPERATING LEASE LIABILITY 414053 414053 X 4926130 174910 148413 323323 4602807 0 4602807 4825639 174910 148413 323323 4502316 0 4502316 PART X, LINE 2: THE ORGANIZATION IS DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS THEREFORE EXEMPT FROM STATE INCOME TAXES UNDER SECTION 501(A) OF THE CODE. THE ORGANIZATION IS ALSO EXEMPT UNDER TITLE 15 OF THE STATE OF NEW JERSEY CORPORATIONS AND ASSOCIATIONS NOT FOR PROFIT ACT. ACCORDINGLY, NO PROVISION FOR FEDERAL OR STATE INCOME TAXES HAS BEEN PRESENTED IN THE ACCOMPANYING CONSOLIDATED FINANCIAL STATEMENTS. MONTCLAIR FILM AT THE CLAIRIDGE, LLC IS A SINGLE MEMBER LIMITED LIABILITY COMPANY WHOLLY OWNED BY THE ORGANIZATION. ALL FINANCIAL ACTIVITY OF THE COMPANY FLOWS THROUGH TO THE ORGANIZATION FOR TAX REPORTING PURPOSES AND IS NOT SUBJECT TO FEDERAL INCOME TAX. THE ORGANIZATION FOLLOWS THE PROVISIONS OF FASB ASC, INCOME TAXES. THE STANDARD PRESCRIBES A MINIMUM RECOGNITION THRESHOLD AND MEASUREMENT METHODOLOGY THAT A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN IS REQUIRED TO MEET BEFORE BEING RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS. IT ALSO PROVIDES GUIDANCE FOR DERECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, ACCOUNTING IN INTERIM PERIODS, DISCLOSURE, AND TRANSITION AS THEY RELATE TO THOSE TAX POSITIONS. THE ORGANIZATION DOES NOT EXPECT A SIGNIFICANT INCREASE OR DECREASE TO THE TOTAL AMOUNTS OF UNRECOGNIZED TAX POSITIONS DURING THE FISCAL YEARS ENDED MARCH 31, 2024 AND 2023. HOWEVER, THE ORGANIZATION IS SUBJECT TO AUDIT BY TAX AUTHORITIES, INCLUDING A REVIEW OF ITS NONPROFIT STATUS, WHICH MANAGEMENT BELIEVES WOULD BE UPHELD UPON EXAMINATION. NONETHELESS, THE AMOUNTS ULTIMATELY PAID, IF ANY, UPON RESOLUTION OF THE ISSUES RAISED BY THE TAXING AUTHORITIES MAY DIFFER MATERIALLY FROM THE AMOUNTS ACCRUED FOR EACH YEAR. AS REQUIRED BY LAW, THE ORGANIZATION FILES INFORMATIONAL RETURNS WITH BOTH THE UNITED STATES FEDERAL AND STATE OF NEW JERSEY JURISDICTIONS ON AN ANNUAL BASIS - FORM 990 WITH THE INTERNAL REVENUE SERVICE, AND FORM CRI-300R WITH THE STATE. THESE RETURNS ARE SUBJECT TO EXAMINATION BY THESE AUTHORITIES WITHIN CERTAIN STATUTORILY DEFINED PERIODS FOR FEDERAL AND FOR THE STATE OF NEW JERSEY. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 27,080. COST OF GOODS SOLD EXPENSE 121,333. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS DIRECT EXPENSE 27,080. COST OF GOODS SOLD EXPENSE 121,333. NJPAC EVENT 74566 47486 27080 24260 2820 74566 47486 27080 24260 2820 27080 0 FORM 990, PART VI, SECTION B, LINE 11B MONTCLAIR FILM FESTIVAL, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY MANAGEMENT AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS PROVIDED TO THE MEMBERS OF THE ORGANIZATIONS GOVERNING BODY FOR ANY COMMENTS PRIOR TO ITS SUBMISSION. THE GOVERNING BODY IS PROVIDED WITH A REASONABLE AMOUNT OF TIME TO REVIEW THE FORM 990. ANY COMMENTS ARE THEN GROUPED, SUMMARIZED AND PROVIDED THROUGH MANAGEMENT TO THE OUTSIDE ACCOUNTING FIRM. ANY APPLICABLE ISSUES ARE ADDRESSED PRIOR TO THE RETURN BEING FINALIZED AND APPROVED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C MONTCLAIR FILM FESTIVAL, INC. CURRENTLY HAS IN PLACE A CONFLICT OF INTEREST POLICY WHICH IT REGULARLY MONITORS AND ENFORCES. THE BOARD MANDATES THAT ALL MEMBERS OF MANAGEMENT AND THE GOVERNING BODY ANNUALLY SIGN A CONFLICT OF INTEREST POLICY AND DISCLOSE ANY POTENTIAL OR ACTUAL CONFLICTS THAT MAY EXIST. IF A POTENTIAL OR ACTUAL CONFLICT OF INTEREST EXISTS, GOVERNING BODY AND MANAGEMENT WILL INVESTIGATE THE ISSUE. IF A CONFLICT OF INTEREST IS DETERMINED TO EXIST MANAGEMENT AND THE GOVERNING BODY WILL BE NOTIFIED IMMEDIATELY. THE MEMBER WILL NOT BE ALLOWED TO VOTE OR BE A PART OF ANY DECISIONS ABOUT ANY SUCH TRANSACTIONS THAT HAVE TO DO WITH THE CONFLICT UNTIL SUCH TIME THAT THERE IS NO LONGER A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE COMPENSATION OF THE ORGANIZATIONS OFFICERS OR KEY EMPLOYEES IS REVIEWED AND APPROVED BY THE BOARD OF TRUSTEES, AN INDEPENDENT BODY. FORM 990, PART VI, SECTION C, LINE 19 MONTCLAIR FILM FESTIVAL, INC. MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE BY UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 505 BLOOMFIELD AVENUE MONTCLAIR, NJ 07042. IN ADDITION FORM 1023 AS WELL AS THE FINANCIAL STATEMENTS, AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON WRITTEN REQUEST AT THE ORGANIZATIONS OFFICE AT 505 BLOOMFIELD AVENUE MONTCLAIR, NJ 07042. FORM 990 PART XII, LINE 2C THERE WAS NO CHANGE FROM THE PRIOR YEAR. MONTCLAIR FILM AT THE CLAIRIDGE LLC 505 BLOOMFIELD AVE MONTCLAIR NJ 07042 871262026 THEATER NJ 1514462 1469314 MONTCLAIR FILM FESTIVAL INC