2023-10-25T13:08:26-05:00 2022-12-31 860558065 HEINFELD MEECH & CO PC 10120 NORTH ORACLE ROAD TUCSON AZ 85704 990 2022-01-01 460477843 LOFT CINEMA INC FKA TUCSON CINEMA FOUNDATION INC LOFT 5203225638 3233 E SPEEDWAY BLVD TUCSON AZ 85716 RON BARBER BOARD PRESIDENT 5203225638 2023-10-25 1 RON BARBER 999009999 0 JIM REBENAR CPA P01783358 5207422611 0 AAL1 IAL1 2022 2023-04-26 12:10:37Z RON BARBER 3233 E SPEEDWAY BLVD TUCSON AZ 85716 2162594 0 X WWW.LOFTCINEMA.ORG X 2002 AZ BUILDING COMMUNITY BY CELEBRATING THE ART AND DIVERSITY OF FILM. 17 16 48 76 4403 3403 3028050 814715 592725 881407 3259 3794 186051 298952 3810085 1998868 0 0 0 0 993685 1073627 0 0 128462 725411 1171667 1719096 2245294 2090989 -246426 5556946 4367970 1703852 761302 3853094 3606668 X BUILDING COMMUNITY BY CELEBRATING THE ART AND DIVERSITY OF FILM. 0 0 1754599 1180359 THE LOFT CINEMA IS THE PREMIER VENUE IN THE SOUTHWESTERN UNITED STATES FOR ART FILMS, FOREIGN, INDEPENDENT, ALTERNATIVE AND CLASSIC NARRATIVE FILMS AND DOCUMENTARIES. 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 WHERE FILMS FROM OVER 40 COUNTRIES WERE SCREENED FOR AUDIENCES THAT INCLUDED THE ENTIRE COMMUNITY OF SOUTHERN ARIZONA, INCLUDING PEOPLE FROM EVERY RACE, GENDER, AGE, SEXUAL ORIENTATION AND INCOME LEVEL. 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 HIGHLIGHTS NEW FILMS ON THE FESTIVAL CIRCUIT AND HONORS SIGNIFICANT FIGURES IN INDEPENDENT CINEMA. 1754599 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 11 0 1 48 1 1 1 0 0 0 0 1 1 0 0 0 0 0 0 X 17 16 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X THE ORGANIZATION 5203225638 3233 E SPEEDWAY BLVD TUCSON AZ 85716 RON BARBER PRESIDENT 1.00 X X 0 0 0 TIM FULLER VICE PRESIDENT 1.00 X X 0 0 0 MAX MCCAUSLIN TREASURER 1.00 X X 0 0 0 MELODIE LOPEZ SECRETARY 1.00 X X 0 0 0 STEPHEN GOLDEN DIRECTOR 1.00 X 0 0 0 CARMEN MARRIOTT DIRECTOR 1.00 X 0 0 0 CLAIRE SCHEUREN DIRECTOR 1.00 X 0 0 0 BETSY BOLDING DIRECTOR 1.00 X 0 0 0 DIANNE IAUCO DIRECTOR 1.00 X 0 0 0 MARY KOSS DIRECTOR 1.00 X 0 0 0 KATHERINE PEW DIRECTOR 1.00 X 0 0 0 TIM RECKART DIRECTOR 1.00 X 0 0 0 JOANNE STUHR DIRECTOR 1.00 X 0 0 0 JOE TARVER DIRECTOR 1.00 X 0 0 0 STEPHANIE TROUTMAN ROBBINS DIRECTOR 1.00 X 0 0 0 HAL MELFI DIRECTOR 1.00 X 0 0 0 LISANNE SKYLER DIRECTOR 1.00 X 0 0 0 PEGGY JOHNSON EXECUTIVE DIRECTOR 40.00 X 94099 0 0 94099 0 0 0 0 0 0 0 398738 159000 256977 642 814715 BOX OFFICE RECEIPTS 713990 739964 739964 MEMBERSHIP DUES 713990 99685 99685 THEATER RENTAL 713990 37355 37355 ADVERTISING INCOME 541800 4403 4403 881407 3794 3794 455304 163726 291578 291578 CREDIT CARD REWARDS 900099 4233 4233 MISCELLANEOUS DEPOSITS 900099 1723 1723 SUBMISSION FEES 900099 1418 1418 7374 1998868 1175956 4403 3794 96410 57846 19282 19282 865012 676032 113388 75592 45648 38418 5385 1845 66557 56013 4613 5931 80777 80777 48956 39179 5929 3848 75754 69912 5842 138562 51603 79672 7287 107750 82441 19921 5388 16539 13231 1654 1654 41618 37456 4162 140095 133197 6898 19850 16416 3434 FILM RENTAL AND SHIPPIN 314612 314612 REPAIRS AND MAINTENANCE 76120 72314 3806 EXHIBITION EXPENSES 60933 60933 TICKETING SYSTEM 26670 24003 2667 23431 10993 10645 1793 2245294 1754599 362233 128462 142586 185931 2785681 1483976 21447 110000 24829 52257 12440 13076 24447 37165 3939250 1492413 2534207 2446837 11309 23467 15261 5556946 4367970 96643 123283 128084 118632 1475125 500000 4000 19387 1703852 761302 X 3688714 3418285 164380 188383 3853094 3606668 5556946 4367970 -246426 0 X X 0 1 X 1 0 X 933679 1028847 1150795 3028050 814715 6956086 2172720 2213165 772348 878042 1336711 7372986 3106399 3242012 1923143 3906092 2151426 14329072 61612 78010 112535 83759 40300 376216 0 61612 78010 112535 83759 40300 376216 13952856 1140 2233 1806 3259 3794 12232 8015 7434 1470 4060 4403 25382 9155 9667 3276 7319 8197 37614 3115554 3251679 1926419 3913411 2159623 14366686 0.97120 0.97290 0.00260 0.00250 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1000634 1000634 676154 314864 361290 1352585 525453 827132 633239 524230 109009 276638 127866 148772 2446837 REFUNDABLE GRANT ADVANCES 5000 OPERATING LEASE LIABILITY 14387 19387 X 2162594 163726 163726 1998868 0 1998868 2409020 163726 163726 2245294 0 2245294 PART X, LINE 2: MANAGEMENT HAS EVALUATED THE TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN, IF ANY, ON ITS EXEMPT ORGANIZATION FILINGS, AND THE LIKELIHOOD THAT UPON EXAMINATION THOSE POSITIONS WOULD BE SUSTAINED. BASED ON THE RESULTS OF THIS EVALUATION, MANAGEMENT BELIEVES THERE ARE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOOD SOLD 163,726. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 163,726. PEGGY JOHNSON WIFE OF BOARD MEMBER 94099 EXECUTIVE DIRECTOR WAGES 0 FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS SENT BY EMAIL TO THE EXECUTIVE COMMITTEE FOR REVIEW. IT IS PRESENTED AT THE FULL BOARD MEETING FOR ACCEPTANCE PRIOR TO OFFICIAL SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY APPLIES TO BOARD MEMBERS, STAFF, AND CERTAIN VOLUNTEERS ("INTERESTED PARTIES"). ON AN ANNUAL AND AS-NEEDED BASIS INTERESTED PARTIES COMPLETE A QUESTIONNAIRE TO FULLY AND COMPLETELY DISCLOSE THE FACTS SURROUNDING ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. THE QUESTIONNAIRES ARE REVIEWED BY THE PRESIDENT OF THE BOARD AND MAINTAINED IN THE CORPORATE RECORDS BY THE SECRETARY OF THE BOARD. THE PRESIDENT OF THE BOARD MUST ALSO COMPLETE A QUESTIONNARE; IT IS ALSO MAINTAINED IN THE CORPORATE RECORDS BY THE SECRETARY OF THE BOARD. WHEN THERE IS A REASON TO BELIEVE THAT AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST EXISTS BETWEEN THE ORGANIZATION AND AN EMPLOYEE, THE EXECUTIVE DIRECTOR IS RESPONSIBLE FOR REVIEWING THE MATTER AND TAKING APPROPRIATE ACTION. THE EXECUTIVE DIRECTOR REPORTS SUCH INFORMATION TO THE BOARD TO DETERMINE IF FURTHER ACTION IS REQUIRED. IF THE POTENTIAL CONFLICT OF INTEREST RELATES TO A SPECIFIC PROPOSED ACTION OR TRANSACTION, THE ORGANIZATION WILL REFRAIN FROM THE PROPOSED ACTION OR TRANSACTION UNTIL SUCH TIME THE ACTION OR TRANSACTION HAS BEEN APPROVED BY DISINTERESTED BOARD MEMBERS. DECISIONS REQUIRE A MAJORITY VOTE OF DIRECTORS IN ATTENDANCE AT A MEETING AT WHICH A QUORUM IS PRESENT. DETAILS OF THE POTENTIAL CONFLICT AND VOTE SHALL BE RECORDED IN THE MINUTES. THE INTERESTED PARTY INVOLVED IN THE POTENTIAL CONFLICT OF INTEREST SHALL NOT PARTICIPATE IN, OR BE PRESENT DURING, ANY DELIBERATIONS OR DECISION MAKING IN REGARDS TO THE POTENTIAL CONFLICT OF INTEREST. IF THE BOARD HAS REASON TO BELIEVE THAT AN INTERESTED PARTY HAS FAILED TO DISCLOSE AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST, IT SHALL INFORM SUCH PARTY OF THE BASIS FOR SUCH BELIEF AND AFFORD THE PARTY AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE. THE BOARD SHALL INVESTIGATE AND DETERMINE IF ANY DISCIPLINARY OR CORRECTIVE ACTION IS NECESSSARY. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPENSATION IS ASSESSED EVERY TWO YEARS BY THE BOARD OF DIRECTORS. SPECIFICALLY, THE GOVERNANCE COMMITTEE OF THE LOFT COORDINATES AND INFORMS THE BI-ANNUAL PERFORMANCE AND COMPENSATION REVIEW OF THE EXECUTIVE DIRECTOR. THE COMMITTEE ASSESSES AND REPORTS TO THE EXECUTIVE COMMITTEE AND THE FULL BOARD ON EXECUTIVE DIRECTOR'S PERFORMANCE BASED ON GOALS AND OBJECTIVES SET IN THE PREVIOUS REVIEW. IN CONJUNCTION WITH THE PERFORMANCE REVIEW AND DRAFTING GOALS AND OBJECTIVES FOR THE NEXT TWO-YEAR REVIEW PERIOD, THE COMMITTEE COMPLETES A COMPENSATION ANALYSIS BASED ON SIMILAR JOBS AND SIMILAR-SIZED BUDGETS OF ARTS ORGANIZATIONS IN SOUTHERN ARIZONA REGION. BOTH THE PERFORMANCE ASSESSMENT AND COMPENSATION RECOMMENDATIONS ARE BROUGHT TO THE LOFT EXECUTIVE COMMITTEE AND THEN TO THE FULL BOARD OF DIRECTORS FOR A VOTE. FORM 990, PART VI, SECTION C, LINE 19 INFORMATION IS AVAILABLE UPON REQUEST AND IS HELD AT THE ADMINISTRATIVE OFFICES. AN EXACT REPRODUCTION OF FORM 990 IS AVAILABLE ON THE WEBSITE GUIDESTAR. FORM 990. PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.