Loft Cinema Inc.
Loft Cinema Inc.
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About this organization
Mission
The Loft Cinema is a local nonprofit dedicated to creating community by celebrating the art and diversity of film.
About
The Loft Cinema is the premiere venue in the Southwestern United States for art films foreign, independent, alternative and classic narrative films and documentaries. The Loft opened in 1972 and transitioned to a nonprofit in 2002. In 2012, The Loft made a significant upgrade to the cinema, adding a third state-of-the-art screen and bringing the main auditorium up to industry standards for digital projection. In 2015, The Loft upgraded its film capabilities to include reel-to-reel 35mm and 70mm projection. In 2016, The Loft acquired and outfitted a solar van to offer mobile screening opportunities to the region. In 2017, The Loft engaged in the first major rehabilitation and redesign of the main auditorium since becoming a nonprofit. Open 365 days a year with an average of 15 screenings per day, The Loft provides a full spectrum of cinema experiences, with affordable tickets and many free series and events.Programming is diverse and inclusive. In 2018, films from 58 countries were screened for audiences that were drawn from the entire community of Southern Arizona, including people representing every race, gender, age, sexual orientation and income level.The Loft Cinema's signature events include hosting visiting filmmakers and scholars to discuss their work with audiences, local film premieres, all-night horror and sci-fi marathons, sing-a-long events, the free Loft Kids Fest and monthly Loft, Jr. series, and The Loft Film Fest, which honors significant figures in independent cinema such as groundbreaking independent directors Charles Burnett, Chris Eyre and Penelope Spheeris at the 2018 edition. The Loft was one of 23 cinemas to become an inaugural member of the Sundance Art House Project, an extension of The Sundance Film Festival, and in 2014 became only the second American cinema and first US film festival to be accepted into the International Confederation of Art Cinemas (CICAE), which brings together about 4,000 screens in 37 countries.In 2018, The Loft Cinema's Education Initiative continued to focus on community impact with the ongoing free Essential Cinema monthly series, the Art on Screen series, featuring international performances of plays, operas and ballets from the world's most prestigious stages, and collaborations with the University of Arizona's College of Social and Behavioral Sciences, the College of Science, The Arizona State Museum, and the UA College of Humanities.The Loft Cinema's efforts are consistently recognized through the awards of prestigious state and national grants. In 2018, The Loft received a $47,000 grant from the Arizona Commission on the Arts for general support, a $7,500 general operating grant from the Arts Foundation for Tucson and Southern Arizona, continued the prestigious Science on Screen program with a grant from the Alfred P. Sloan Foundation and the Coolidge Corner Theater Foundation, and was awarded a $20,000 grant from the National Endowment for the Arts to support Loft Film Fest and Loft Film Fest on the Road.The Loft Cinema also makes an effort to highlight and support other local organizations and nonprofits. In 2018, The Loft Cinema partnered with 190 nonprofit or community organizations, helping those groups to raise funds and awareness, and to introduce new audiences to The Loft. The Loft also directly donated goods and services to 236 local nonprofits. The Loft Cinema's local impact and value to the community is evidenced by consistently increasing attendance and member enrollment, both of which hit their highest marks ever in 2018.
Interesting data from their 2020 990 filing
The filing specifies the mission of the non-profit as “The loft cinema is a local nonprofit dedicated to creating community by celebrating the art and diversity of film.the vision of the loft cinema is: to build a large and diverse audience; to developprograms that support the mission; to provide a comfortable and safe community spacefor audiences to experience the loft's film programs; to ensure the financialsustainability of the loft cinema within a strong financial structure; and toadhere to ethical guidelines and established governance policies for nonprofit artsorganization.”.
When explaining its duties, they were described as: “The loft cinema is a local nonprofit dedicated to creating community by celebrating the art and diversity of film.”.
- The state in which the non-profit is authorized to operate legally is AZ.
- The non-profit has reported 49 employees on their form for the year 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $43,552.
- The CEO compensation strategy within the organization is determined through a thorough evaluation and endorsement by an independent source.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 18 independent voting members.
- The organization was formed in 2002.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $1,236,033 in salary, compensation, and benefits to its employees.
- The organization pays $103,829 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has a business related family member transaction.
- The organization's financial statements were reviewed by an accountant.