Skip to main content

Nonprofit · EIN 16-1596844

SEVENTH ART CORPORATION OF ITHACA

Also known as BRETT BOSSARD

Tax-exempt · ITHACA, NY 14850

Financials

$1.1M$924K2023$1.2M$1.1M2024
Revenue Expenses · by fiscal year end
Financials of SEVENTH ART CORPORATION OF ITHACA by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,234,122$1,060,454$173,668$2,034,513$1,413,549$620,964
December 31, 2023990$1,065,290$923,816$141,474$539,550$92,254$447,296
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$471,906
of which government grants
$176,824
Program service revenue
$601,787
Investment income
$96
Net income from sales of inventory
$160,333
Other revenue
$160,333

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$72,000
Other salaries and wages
$221,888
Salaries, compensation and benefits (total)
$327,268
Professional fundraising fees
$0
Legal fees
$31,607
Accounting fees
$21,725
Occupancy
$178,863
Travel
$48
Depreciation
$23,727
Program services (functional)
$874,899
Management and general (functional)
$185,555

Balance sheet and other

Total assets, start of year
$539,550
Total assets, end of year
$2,034,513
Total liabilities, end of year
$1,413,549
Net assets, end of year
$620,964
Land, buildings and equipment
$1,030,438
Net assets without donor restrictions
$620,964
Gross receipts
$1,312,887
Employees
21
Volunteers
12
Year formed
2000
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
KATE DONOHUEEXECUTIVE DIRECTOR
Officer
40$72,000
SUE PERLGUTDIRECTOR
Trustee or director
1$0
JODI COHENSECRETARY
Trustee or director, Officer
1$0
MARSHALL HOPKINSCO-CHAIR
Trustee or director, Officer
1$0
ENID LITTMANCO-CHAIR
Trustee or director, Officer
1$0
ENRIQUE GONZALES-CONTYDIRECTOR
Trustee or director
1$0
KARINNA BROWNINGDIRECTOR
Trustee or director
1$0
DAVID SQUIRESTREASURER
Trustee or director, Officer
1$0
ERIC KOFI ACREEDIRECTOR (PART YEAR)
Trustee or director
1$0
RHETT DIALDIRECTOR
Trustee or director
1$0
MARLEY LUBINDIRECTOR
Trustee or director
1$0
LEAH SHAFERDIRECTOR
Trustee or director
1$0
GLADIRA VELAZQUEZDIRECTOR (PART YEAR)
Trustee or director
1$0
990 for the year ended December 31, 2023: 14 people
NameTitleHours / weekCompensation
KATE DONOHUEEXECUTIVE DIRECTOR
Officer
40$62,500
CAROL BUSHBERGDIRECTOR
Trustee or director
1$0
THOMAS SHEVORYSECRETARY
Trustee or director, Officer
1$0
SUE PERLGUTVICE CHAIR
Trustee or director, Officer
1$0
CARLA MCKAINDIRECTOR
Trustee or director
1$0
RAZA RUMI AHMADDIRECTOR (PART YEAR)
Trustee or director
1$0
PATRICIA ZIMMERMANNDIRECTOR (PART YEAR)
Trustee or director
1$0
JODI COHENDIRECTOR
Trustee or director
1$0
MARSHALL HOPKINSDIRECTOR
Trustee or director
1$0
ENID LITTMANVICE CHAIR
Trustee or director, Officer
1$0
ENRIQUE GONZALES-CONTYDIRECTOR
Trustee or director
1$0
KARINNA BROWNINGDIRECTOR
Trustee or director
1$0
DAVID SQUIRESTREASURER
Trustee or director, Officer
1$0
ERIC KOFI ACREEDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
120 E GREEN ST, ITHACA, NY 14850-5600
In care of
% RICHARD SZANYI
Principal officer (990 for 2024)
MARSHALL HOPKINS, 120 EAST GREEN STREET, ITHACA, NY 14850
Signed the 990
DAVID SQUIRES, TREASURER
Phone
(607) 659-5159
Return prepared by
INSERO ADVISORS LLC

Mission

THE 7TH ART CORPORATION ENCOURAGES CENTRAL NEW YORK RESIDENTS TO EXPLORE THE POWER OF FILM TO ENTERTAIN, EDUCATE, AND TO CELEBRATE THE HUMAN EXPERIENCE.

990 for the year ended December 31, 2024

Program accomplishments

  • OPERATION OF A FIVE SCREEN CINEMA DEVOTED TO FILMS OF ARTISTIC RATHER THAN COMMERCIAL VALUE IN ADDITION TO ORGANIZING FILM SYMPOSIUMS AND EDUCATIONAL PROGRAMS IN COOPERATION WITH AREA SCHOOLS.
    Expenses $874,899 · revenue $762,120

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1596844
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2001
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$2,034,513
Income (IRS master file)
$1,312,887

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,234,122$1,060,454$2,034,513IRS
990December 2023$1,065,290$923,816$539,550XML
990December 2022$665,111$945,621$589,994IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-1596844).

Questions about SEVENTH ART CORPORATION OF ITHACA

What is the EIN of SEVENTH ART CORPORATION OF ITHACA?
The employer identification number (EIN) of SEVENTH ART CORPORATION OF ITHACA is 16-1596844.
Is SEVENTH ART CORPORATION OF ITHACA tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2001.
Are donations to SEVENTH ART CORPORATION OF ITHACA tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does SEVENTH ART CORPORATION OF ITHACA file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of SEVENTH ART CORPORATION OF ITHACA due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did SEVENTH ART CORPORATION OF ITHACA last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of SEVENTH ART CORPORATION OF ITHACA?
The 990 for the year ended December 31, 2024 names MARSHALL HOPKINS.
Who are the officers and directors of SEVENTH ART CORPORATION OF ITHACA?
The 990 for the year ended December 31, 2024 lists 13 people; 1 received compensation from the organization, the highest $72,000 (KATE DONOHUE, EXECUTIVE DIRECTOR).
How much revenue does SEVENTH ART CORPORATION OF ITHACA have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,234,122, expenses of $1,060,454 and total assets of $2,034,513 at year end.

Other nonprofits in ITHACA

All nonprofits in ITHACA · New York · Arts, culture and humanities