Queens World Film Initiative Inc
Nonprofit profile at a glance
- EIN
- 465631277
- IRS 990 coverage
- 2022–2024
- Forms available
- Form 990 2024, Form 990-EZ 2021, Form 990-N 2013
- Location
- Jackson Heights, NY, USA
- Phone
- 7184292579
- Rating
- 76
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Arts Education
Reported finances
- Revenue
- $69,060
- Expenses
- $56,472
- Assets
- $32,717
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
10 people listed
Executive titles in this filing
- Katha Cato (President,Cofounder & Executive Director)
Highest reported compensation
- Katha Cato (President,Cofounder & Executive Director): $5,680 total reported compensation
- Don Cato (Co-Founder & Artistic Director): $2,880 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizations mission is to advance public participation in film screenings by utilizing traditional and alternative screeing locations and venues to screen independent cinema. Through implementation of educational programs for school-age children, senior citizens, film makers and general public, we provide opportunities for individuals to share ideas and develop analogue, digital, visual and performing arts projects.
What it reported doing in 2024
Screenings and Media Centric Community Events : In the summer months, NYC is pulsing with outdoor events from parks to beaches- to closed streets to public spaces.QWFI is adept at taking advantage of those opportunities with the Selfi-Situation where everyone grabs a costume hat or an oversized pop and creates a very unique family memories with outrageous pics snapped on- the emerald carpet.After dark QWFI often partners with community organizations to screen films under the stars. Several times a year QWFI will provide unique professional development opportunities like The Filmmakers Breakfast, Passion in Action, Film Festival Fusion, or How to Fest. These opportunities can take place virtually or live, they can be stand alone experiences or part of festivals and celebrations with partners.
Operating model
- Revenue model
- Donor-supported. 65% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and program spending has declined or grown slowly.
Rating breakdown
- Financial Efficiency: 79
- Transparency & Controls: 90
- Accountability: 61
- Sustainability: 48
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 81.8%; rating input score 82
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 60%; rating input score 60; 21st percentile among comparable filings
- Governance controls: 5 of 8 controls in place; rating input score 62
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 18.2%; rating input score 71; 71st percentile among comparable filings
- Total-asset coverage ratio: 0.58; rating input score 18; 18th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 69; 69th percentile among comparable filings
- Officer compensation ratio: 15.2%; rating input score 14; 14th percentile among comparable filings
Growth
- Program expense growth: -38% per year; rating input score 0; 8th percentile among comparable filings
- Revenue growth: 6.1% per year; rating input score 100; 80th percentile among comparable filings
- Asset growth: 16.9% per year; rating input score 100; 89th percentile among comparable filings
Details
- Where the money goes: 81.8% of revenue deployed · 100% of spending went to programs
- Governance: 6 of 10 board members independent · 5 of 8 filing controls reported
- Programs: 3 filed program accomplishments · $56K in reported program spending
- Leadership: top reported pay $6K · 10 people listed
- Consistency: 15 of 15 current checks pass
- Schedules: 3 filed schedules
- Filing history: 3 filing years from 2022 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Accountability: Governance controls: 2 of 7 not reported.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Total-asset coverage ratio scored 18/100.
- High — Sustainability: Officer compensation ratio scored 14/100.