Form990-PF
Click to see attachment
Click to see attachmentClick to see attachment

Department of the Treasury
Internal Revenue Service

Return of Private Foundation
or Section 4947(a)(1) Trust Treated as Private Foundation
bulletDo not enter social security numbers on this form as it may be made public.
bulletGo to www.irs.gov/Form990PF for instructions and the latest information.
OMB No. 1545-0047
2021
Open to Public Inspection
For calendar year 2021, or tax year beginning 07-01-2021 , and ending 06-30-2022
Name of foundation
CINEREACH LTD
 
Number and street (or P.O. box number if mail is not delivered to street address)240 KENT AVENUE
  Room/suite
City or town, state or province, country, and ZIP or foreign postal code
BROOKLYN, NY11249
A Employer identification number

20-2946241
B Telephone number (see instructions)

(646) 733-4267
C bullet
G Check all that apply:

D 1. Foreign organizations, check here............. bullet
2. Foreign organizations meeting the 85%
test, check here and attach computation ... bullet
E bullet
H Check type of organization:
F bullet
I Fair market value of all assets at end
of year (from Part II, col. (c),
line 16)bullet$14,556,844J Accounting method:
 
(Part I, column (d) must be on cash basis.)
Part I Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).) (a) Revenue and
expenses per
books 		(b) Net investment
income 		(c) Adjusted net
income 		(d) Disbursements
for charitable
purposes
(cash basis only)
Revenue 1 Contributions, gifts, grants, etc., received (attach schedule) 3,000,000
2 Check bullet.............
3 Interest on savings and temporary cash investments      
4 Dividends and interest from securities... 563 563 563
5a Gross rents............      
b Net rental income or (loss)  
6a Net gain or (loss) from sale of assets not on line 10 Click to see attachment 11,209
b Gross sales price for all assets on line 6a 12,301
7 Capital gain net income (from Part IV, line 2)... 0
8 Net short-term capital gain......... 0
9 Income modifications...........  
10a Gross sales less returns and allowances  
b Less: Cost of goods sold....  
c Gross profit or (loss) (attach schedule).....    
11 Other income (attach schedule)....... Click to see attachment 97,177 60,415 97,177
12 Total. Add lines 1 through 11........ 3,108,949 60,978 97,740
Operating and Administrative Expenses 13 Compensation of officers, directors, trustees, etc. 58,671 0 0 58,671
14 Other employee salaries and wages...... 1,086,437 0 0 1,086,437
15 Pension plans, employee benefits....... 263,036 0 0 263,036
16a Legal fees (attach schedule)......... Click to see attachment 1,210 0 0 1,210
b Accounting fees (attach schedule)....... Click to see attachment 98,081 0 0 101,454
c Other professional fees (attach schedule).... Click to see attachment 270,879 0 0 242,175
17 Interest...............        
18 Taxes (attach schedule) (see instructions)... Click to see attachment 350 0 75 0
19 Depreciation (attach schedule) and depletion... 45,291 0 0
20 Occupancy..............        
21 Travel, conferences, and meetings....... 25,327 0 0 24,973
22 Printing and publications..........        
23 Other expenses (attach schedule)....... Click to see attachment 286,055 0 0 281,103
24 Total operating and administrative expenses.
Add lines 13 through 23.......... 2,135,337 0 75 2,059,059
25 Contributions, gifts, grants paid....... 727,153 632,895
26 Total expenses and disbursements. Add lines 24 and 25 2,862,490 0 75 2,691,954
27 Subtract line 26 from line 12:
a Excess of revenue over expenses and disbursements 246,459
b Net investment income (if negative, enter -0-) 60,978
c Adjusted net income (if negative, enter -0-)... 97,665
For Paperwork Reduction Act Notice, see instructions.
Cat. No. 11289X Form 990-PF (2021)
Form 990-PF (2021)
Page 2
Part II Balance Sheets Attached schedules and amounts in the description column
should be for end-of-year amounts only. (See instructions.) 		Beginning of year End of year
(a) Book Value (b) Book Value (c) Fair Market Value
Assets 1 Cash—non-interest-bearing............. 5,618,375 5,576,648 5,576,648
2 Savings and temporary cash investments.........      
3 Accounts receivable bullet47,260
Less: allowance for doubtful accounts bullet   65,509 47,260 47,260
4 Pledges receivable bullet  
Less: allowance for doubtful accounts bullet        
5 Grants receivable.................      
6 Receivables due from officers, directors, trustees, and other
disqualified persons (attach schedule) (see instructions).....      
7 Other notes and loans receivable (attach schedule) bullet  
Less: allowance for doubtful accounts bullet        
8 Inventories for sale or use..............      
9 Prepaid expenses and deferred charges.......... 103,133 40,206 40,206
10a Investments—U.S. and state government obligations (attach schedule)      
b Investments—corporate stock (attach schedule).......      
c Investments—corporate bonds (attach schedule).......      
11 Investments—land, buildings, and equipment: basis bullet  
Less: accumulated depreciation (attach schedule) bullet        
12 Investments—mortgage loans.............      
13 Investments—other (attach schedule).......... 490,023 Click to see attachment20 20
14 Land, buildings, and equipment: basis bullet392,303
Less: accumulated depreciation (attach schedule) bullet311,184 127,502 Click to see attachment81,119 81,119
15 Other assets (describe bullet) Click to see attachment2,070,804 Click to see attachment8,811,591 Click to see attachment8,811,591
16 Total assets (to be completed by all filers—see the
instructions. Also, see page 1, item I) 8,475,346 14,556,844 14,556,844
Liabilities 17 Accounts payable and accrued expenses.......... 840,831 212,378
18 Grants payable.................   400,000
19 Deferred revenue.................    
20 Loans from officers, directors, trustees, and other disqualified persons    
21 Mortgages and other notes payable (attach schedule)......    
22 Other liabilities (describe bullet)    
23 Total liabilities (add lines 17 through 22)......... 840,831 612,378
Net Assets or Fund Balances Foundations that follow FASB ASC 958, check here bullet
and complete lines 24, 25, 29 and 30.
24 Net assets without donor restrictions........... 7,634,515 13,944,466
25 Net assets with donor restrictions............    
Foundations that do not follow FASB ASC 958, check here bullet
and complete lines 26 through 30.
26 Capital stock, trust principal, or current funds........    
27 Paid-in or capital surplus, or land, bldg., and equipment fund    
28 Retained earnings, accumulated income, endowment, or other funds    
29 Total net assets or fund balances (see instructions)..... 7,634,515 13,944,466
30 Total liabilities and net assets/fund balances (see instructions). 8,475,346 14,556,844
Part III
Analysis of Changes in Net Assets or Fund Balances
1
Total net assets or fund balances at beginning of year—Part II, column (a), line 29 (must agree with end-of-year figure reported on prior year’s return) ...............
1
7,634,515
2
Enter amount from Part I, line 27a .....................
2
246,459
3
Other increases not included in line 2 (itemize) bulletClick to see attachment
3
6,063,492
4
Add lines 1, 2, and 3 ..........................
4
13,944,466
5
Decreases not included in line 2 (itemize) bullet
5
0
6
Total net assets or fund balances at end of year (line 4 minus line 5)—Part II, column (b), line 29 .
6
13,944,466
Form 990-PF (2021)
Form 990-PF (2021)
Page 3
Part IV
Capital Gains and Losses for Tax on Investment Income
(a) List and describe the kind(s) of property sold (e.g., real estate,
2-story brick warehouse; or common stock, 200 shs. MLC Co.)		 (b)
How acquired
P—Purchase
D—Donation 		(c)
Date acquired
(mo., day, yr.) 		(d)
Date sold
(mo., day, yr.)
1a
b
c
d
e
(e)
Gross sales price 		(f)
Depreciation allowed
(or allowable) 		(g)
Cost or other basis
plus expense of sale 		(h)
Gain or (loss)
(e) plus (f) minus (g)
a
b
c
d
e
Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69 (l)
Gains (Col. (h) gain minus
col. (k), but not less than -0-) or
Losses (from col.(h))
(i)
F.M.V. as of 12/31/69 		(j)
Adjusted basis
as of 12/31/69 		(k)
Excess of col. (i)
over col. (j), if any
a
b
c
d
e
2 Capital gain net income or (net capital loss) Bracket If gain, also enter in Part I, line 7
If (loss), enter -0- in Part I, line 7		 Bracket 2  
3 Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0-
in Part I, line 8 ................... 		Bracket 3  
Form 990-PF (2021)
Form 990-PF (2021)
Page 4
Part V
Excise Tax Based on Investment Income (Section 4940(a), 4940(b), 4940(e), or 4948—see instructions)
1a Exempt operating foundations described in section 4940(d)(2), check here Bullet and enter “N/A" on line 1. Bracket for line 1a
Date of ruling or determination letter:   (attach copy of letter if necessary–see instructions)
b All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2 Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 2 0
3 Add lines 1 and 2........................... 3 848
4 Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-) 4 0
5 Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- ..... 5 848
6 Credits/Payments:
a 2021 estimated tax payments and 2020 overpayment credited to 2021 6a 4,208
b Exempt foreign organizations—tax withheld at source...... 6b 0
c Tax paid with application for extension of time to file (Form 8868)... 6c 0
d Backup withholding erroneously withheld ........... 6d 0
7 Total credits and payments. Add lines 6a through 6d.............. 7 4,208
8 Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached. 8 0
9 Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......Bullet 9  
10 Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...Bullet 10 3,360
11 Enter the amount of line 10 to be: Credited to 2022 estimated taxBullet3,360 RefundedBullet 11 0
Part VI-A
Statements Regarding Activities
1a
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did
Yes
No
it participate or intervene in any political campaign? ....................
1a
 
No
b
Did it spend more than $100 during the year (either directly or indirectly) for political purposes? See the instructions
for the definition.................................
1b
 
No
If the answer is "Yes" to 1a or 1b, attach a detailed description of the activities and copies of any materials
published or distributed by the foundation in connection with the activities.
c
Did the foundation file Form 1120-POL for this year?.....................
1c
 
No
d
Enter the amount (if any) of tax on political expenditures (section 4955) imposed during the year:
(1) On the foundation. bullet$ 0(2) On foundation managers.bullet$ 0
e
Enter the reimbursement (if any) paid by the foundation during the year for political expenditure tax imposed
on foundation managers.bullet$ 0
2
Has the foundation engaged in any activities that have not previously been reported to the IRS?.......
2
 
No
If "Yes," attach a detailed description of the activities.
3
Has the foundation made any changes, not previously reported to the IRS, in its governing instrument, articles
of incorporation, or bylaws, or other similar instruments? If "Yes," attach a conformed copy of the changes....
3
 
No
4a
Did the foundation have unrelated business gross income of $1,000 or more during the year?.........
4a
 
No
b
If "Yes," has it filed a tax return on Form 990-T for this year?...................
4b
 
 
5
Was there a liquidation, termination, dissolution, or substantial contraction during the year?.........
5
 
No
If "Yes," attach the statement required by General Instruction T.
6
Are the requirements of section 508(e) (relating to sections 4941 through 4945) satisfied either:
  • By language in the governing instrument, or
  • By state legislation that effectively amends the governing instrument so that no mandatory directions
    • that conflict with the state law remain in the governing instrument?................
    6
    Yes
     
    7
    Did the foundation have at least $5,000 in assets at any time during the year? If "Yes," complete Part II, col. (c),
    and Part XIV..................................
    7
    Yes
     
    8a
    Enter the states to which the foundation reports or with which it is registered (see instructions)
    bulletNY
    b
    If the answer is "Yes" to line 7, has the foundation furnished a copy of Form 990-PF to the Attorney
    General (or designate) of each state as required by General Instruction G? If "No," attach explanation .
    8b
    Yes
     
    9
    Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3)
    or 4942(j)(5) for calendar year 2021 or the taxable year beginning in 2021? See the instructions for Part XIII.
    If "Yes," complete Part XIII .............................
    9
    Yes
     
    10
    Did any persons become substantial contributors during the tax year? If "Yes," attach a schedule listing their names
    and addresses. ...............................
    10
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 5
    Part VI-A
    Statements Regarding Activities (continued)
    11
    At any time during the year, did the foundation, directly or indirectly, own a controlled entity within the
    meaning of section 512(b)(13)? If "Yes," attach schedule. See instructions Click to see list of attachments.............
    11
    Yes
     
    12
    Did the foundation make a distribution to a donor advised fund over which the foundation or a disqualified person had
    advisory privileges? If "Yes," attach statement. See instructions.................
    12
     
    No
    13
    Did the foundation comply with the public inspection requirements for its annual returns and exemption application?
    13
    Yes
     
    Website addressbulletWWW.CINEREACH.ORG
    14
    The books are in care ofbulletTHE FOUNDATION Telephone no.bullet (646) 733-4267

    Located atbullet240 KENT AVENUEBROOKLYNNY ZIP+4bullet11249
    15
    Section 4947(a)(1) nonexempt charitable trusts filing Form 990-PF in lieu of Form 1041 —check here .........bullet
    and enter the amount of tax-exempt interest received or accrued during the year ........bullet
    15
     
    16 At any time during calendar year 2021, did the foundation have an interest in or a signature or other authority over YesNo
    a bank, securities, or other financial account in a foreign country? .................
    16   No
    See the instructions for exceptions and filing requirements for FinCEN Form 114. If "Yes", enter the name of the foreign
    country bullet
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required
    File Form 4720 if any item is checked in the "Yes" column, unless an exception applies.
    Yes
    No
    1a
    During the year did the foundation (either directly or indirectly):
    (1) Engage in the sale or exchange, or leasing of property with a disqualified person? ...........
    1a(1)
     
    No
    (2) Borrow money from, lend money to, or otherwise extend credit to (or accept it from)
    a disqualified person? ..............................
    1a(2)
     
    No
    (3) Furnish goods, services, or facilities to (or accept them from) a disqualified person? ...........
    1a(3)
    Yes
     
    (4) Pay compensation to, or pay or reimburse the expenses of, a disqualified person? ............
    1a(4)
     
    No
    (5) Transfer any income or assets to a disqualified person (or make any of either available
    for the benefit or use of a disqualified person)? ......................
    1a(5)
     
    No
    (6) Agree to pay money or property to a government official? (Exception. Check "No"
    if the foundation agreed to make a grant to or to employ the official for a period
    after termination of government service, if terminating within 90 days.) ...............
    1a(6)
     
    No
    b
    If any answer is "Yes" to 1a(1)–(6), did any of the acts fail to qualify under the exceptions described in Regulations
    section 53.4941(d)-3 or in a current notice regarding disaster assistance? See instructions ..........
    1b
     
    No
    c
    ........bullet
    d
    Did the foundation engage in a prior year in any of the acts described in 1a, other than excepted acts,
    that were not corrected before the first day of the tax year beginning in 2021? .............
    1d
     
    No
    2
    Taxes on failure to distribute income (section 4942) (does not apply for years the foundation was a private
    operating foundation defined in section 4942(j)(3) or 4942(j)(5)):
    a
    At the end of tax year 2021, did the foundation have any undistributed income (lines 6d
    and 6e, Part XII) for tax year(s) beginning before 2021?....................
    2a
     
    No
    If "Yes," list the years bullet20, 20, 20, 20
    b
    Are there any years listed in 2a for which the foundation is not applying the provisions of section 4942(a)(2)
    (relating to incorrect valuation of assets) to the year’s undistributed income? (If applying section 4942(a)(2)
    to all years listed, answer "No" and attach statement—see instructions.) ..............
    2b
     
     
    c
    If the provisions of section 4942(a)(2) are being applied to any of the years listed in 2a, list the years here.
    bullet20, 20, 20, 20
    3a
    Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at
    any time during the year? ..............................
    3a
     
    No
    b
    If "Yes," did it have excess business holdings in 2021 as a result of (1) any purchase by the foundation
    or disqualified persons after May 26, 1969; (2) the lapse of the 5-year period (or longer period approved
    by the Commissioner under section 4943(c)(7)) to dispose of holdings acquired by gift or bequest; or (3)
    the lapse of the 10-, 15-, or 20-year first phase holding period? (Use Schedule C, Form 4720, to determine
    if the foundation had excess business holdings in 2021.) .....................
    3b
     
     
    4a
    Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?
    4a
     
    No
    b
    Did the foundation make any investment in a prior year (but after December 31, 1969) that could jeopardize its
    charitable purpose that had not been removed from jeopardy before the first day of the tax year beginning in 2021? ..
    4b
     
    No
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 6
    Part VI-B
    Statements Regarding Activities for Which Form 4720 May Be Required (continued)
    5a
    During the year did the foundation pay or incur any amount to:
    Yes
    No
    (1) Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))? ..........
    5a(1)
     
    No
    (2) Influence the outcome of any specific public election (see section 4955); or to carry
    on, directly or indirectly, any voter registration drive? ....................
    5a(2)
     
    No
    (3) Provide a grant to an individual for travel, study, or other similar purposes? .............
    5a(3)
    Yes
     
    (4) Provide a grant to an organization other than a charitable, etc., organization described
    in section 4945(d)(4)(A)? See instructions ........................
    5a(4)
    Yes
     
    (5) Provide for any purpose other than religious, charitable, scientific, literary, or
    educational purposes, or for the prevention of cruelty to children or animals? .............
    5a(5)
     
    No
    b
    If any answer is "Yes" to 5a(1)–(5), did any of the transactions fail to qualify under the exceptions described in
    Regulations section 53.4945 or in a current notice regarding disaster assistance? See instructions ........
    5b
     
    No
    c
    .........bullet
    d
    If the answer is "Yes" to question 5a(4), does the foundation claim exemption from the
    tax because it maintained expenditure responsibility for the grant? .................
    5d
    Yes
     
    If "Yes," attach the statement required by Regulations section 53.4945–5(d). Click to see attachment
    6a
    Did the foundation, during the year, receive any funds, directly or indirectly, to pay premiums on
    a personal benefit contract? .............................
    6a
     
    No
    b
    Did the foundation, during the year, pay premiums, directly or indirectly, on a personal benefit contract? ....
    6b
     
    No
    If "Yes" to 6b, file Form 8870.
    7a
    At any time during the tax year, was the foundation a party to a prohibited tax shelter transaction?
    7a
     
    No
    b
    If "Yes", did the foundation receive any proceeds or have any net income attributable to the transaction? .....
    7b
     
     
    8
    Is the foundation subject to the section 4960 tax on payment(s) of more than $1,000,000 in remuneration or
    excess parachute payment during the year? .........................
    8
     
    No
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors
    1 List all officers, directors, trustees, foundation managers and their compensation. See instructions
    (a) Name and address (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation
     (If not paid, enter
    -0-)     		(d) Contributions to employee benefit plans and deferred compensation (e) Expense account,
    other allowances
    PHILIPP ENGELHORN CHAIR/EXECUTIVE DIRECTOR
    40.00     		58,671 26,133 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    BRUCE RABB SECRETARY
    1.00     		0 0 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    JOACHIM SCHUETZ TREASURER
    1.00     		0 0 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    ERICA WILLIAMSON DIRECTOR
    1.00     		0 0 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    2 Compensation of five highest-paid employees (other than those included on line 1—see instructions). If none, enter “NONE."
    (a) Name and address of each employee paid more than $50,000 (b) Title, and average
    hours per week
    devoted to position     		(c) Compensation (d) Contributions to
    employee benefit
    plans and deferred
    compensation     		(e) Expense account,
    other allowances
    CANDICE MCFARLANE DIRECTOR, C+C STRATE
    40.00     		230,255 33,513 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    SYIA LEWIS-DORYUMU CHIEF OF STAFF
    40.00     		210,171 18,064 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    TERRY CHANG GENERAL COUNSEL
    40.00     		167,049 19,174 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    MELISSA ESTRO DIRECTOR OF FINANCE
    40.00     		128,904 25,020 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    MARGARET KLINGLER OPERATIONS MANAGER
    40.00     		88,330 15,714 0
    240 KENT AVENUE
    BROOKLYN,NY11249
    Total number of other employees paid over $50,000...................bullet 8
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 7
    Part VII
    Information About Officers, Directors, Trustees, Foundation Managers, Highly Paid Employees,
    and Contractors (continued)
    3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
    (a) Name and address of each person paid more than $50,000 (b) Type of service (c) Compensation
    GUILD OF FUTURE ARCHITECTS WORKSHOP FACILITATION 140,805
    135 WEST 50TH STREET
    NEW YORK,NY10020
    ANDREAS ESBERG & COMPANY LLP AUDIT & TAX CONSULTANT 97,135
    805 THIRD AVE 1602
    NEW YORK,NY10022
    KOYA LEADERSHIP PARTNERS LLC STAFF RECRUITMENT 95,487
    20 N WACKER DR STE 622
    CHICAGO,IL60606
    Total number of others receiving over $50,000 for professional services.............bullet0
    Part VIII-A
    Summary of Direct Charitable Activities
    List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc. Expenses
    1 SUPPORT AND PHILANTHROPY INCLUDES ALLIANCES + CULTURAL ENGAGEMENT, PROJECT + ARTIST EXPLORATION GRANTS AND ARTIST + CONTENT INITIATIVES, ALL OF WHICH ARE IN THE PROCESS OF WINDING DOWN, AS WELL AS THE ADDITION OF A NEW INITIATIVE, CREATIVE + CULTURAL STRATEGIES. 1,037,346
    2 PRODUCTION CINEREACH PRODUCTION MANAGES THE PRODUCTION AND FINANCING OF INDEPENDENT FEATURE FILMS, LEVERAGING SIGNIFICANT SUPPORT TOWARDS PROJECTS WITH SMALL BUDGETS AND BOLD, IMPORTANT VOICES THAT MIGHT OTHERWISE BE COMPROMISED UNDER COMMERCIAL PRESSURES AND/OR REMAIN UNDER THE INDUSTRY'S RADAR. IN ADDITION, CINEREACH CONTINUES TO ACTIVELY DEVELOP FILMS THROUGH VARIOUS DEVELOPMENT MECHANISMS. 1,406,451
    3  
    4  
    Part VIII-B
    Summary of Program-Related Investments (see instructions)
    Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2. Amount
    1 MICKEY & MINA LLC PROJECT - REALITY 182,143
    2 NEW WAVE PRODUCTIONS, LLC PROJECT - NEW WAVE 75,000
    All other program-related investments. See instructions.
    3 Click to see attachment 55,000
    Total. Add lines 1 through 3.........................bullet312,143
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 8
    Part IX
    Minimum Investment Return (All domestic foundations must complete this part. Foreign foundations, see instructions.)
    1
    Fair market value of assets not used (or held for use) directly in carrying out charitable, etc.,
    purposes:
    a
    Average monthly fair market value of securities...................
    1a
    0
    b
    Average of monthly cash balances.......................
    1b
    4,099,211
    c
    Fair market value of all other assets (see instructions)................
    1c
    0
    d
    Total (add lines 1a, b, and c).........................
    1d
    4,099,211
    e
    Reduction claimed for blockage or other factors reported on lines 1a and
    1c (attach detailed explanation) .............
    1e
    0
    2
    Acquisition indebtedness applicable to line 1 assets..................
    2
    0
    3
    Subtract line 2 from line 1d.........................
    3
    4,099,211
    4
    Cash deemed held for charitable activities. Enter 1.5% (0.015) of line 3 (for greater amount, see
    instructions) .............................
    4
    61,488
    5
    Net value of noncharitable-use assets. Subtract line 4 from line 3. .......
    5
    4,037,723
    6
    Minimum investment return. Enter 5% (0.05) of line 5................
    6
    201,886
    Part X
    Distributable Amount (see instructions) (Section 4942(j)(3) and (j)(5) private operating foundations and certain foreign organizations check here right arrow and do not complete this part.)
    1
    Minimum investment return from Part IX, line 6..................
    1
     
    2a
    Tax on investment income for 2021 from Part V, line 5.......
    2a
     
    b
    Income tax for 2021. (This does not include the tax from Part V.) ...
    2b
     
    c
    Add lines 2a and 2b............................
    2c
     
    3
    Distributable amount before adjustments. Subtract line 2c from line 1............
    3
     
    4
    Recoveries of amounts treated as qualifying distributions................
    4
     
    5
    Add lines 3 and 4............................
    5
     
    6
    Deduction from distributable amount (see instructions).................
    6
     
    7
    Distributable amount as adjusted. Subtract line 6 from line 5. Enter here and on Part XII, line 1 ...
    7
     
    Part XI
    Qualifying Distributions (see instructions)
    1
    Amounts paid (including administrative expenses) to accomplish charitable, etc., purposes:
    a
    Expenses, contributions, gifts, etc.—total from Part I, column (d), line 26 ..........
    1a
     
    b
    Program-related investments—total from Part VIII-B..................
    1b
     
    2
    Amounts paid to acquire assets used (or held for use) directly in carrying out charitable, etc.,
    purposes...............................
    2
     
    3
    Amounts set aside for specific charitable projects that satisfy the:
    a
    Suitability test (prior IRS approval required)....................
    3a
     
    b
    Cash distribution test (attach the required schedule) .................
    3b
     
    4
    Qualifying distributions. Add lines 1a through 3b. Enter here and on Part XII, line 4.
    4
     
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 9
    Part XII
    Undistributed Income (see instructions)
    (a)
    Corpus     		(b)
    Years prior to 2020     		(c)
    2020     		(d)
    2021
    1 Distributable amount for 2021 from Part X, line 7  
    2 Undistributed income, if any, as of the end of 2021:
    a Enter amount for 2020 only.......  
    b Total for prior years:20, 20, 20  
    3 Excess distributions carryover, if any, to 2021:
    a From 2016......  
    b From 2017......  
    c From 2018......  
    d From 2019......  
    e From 2020......  
    f Total of lines 3a through e ........  
    4Qualifying distributions for 2021 from Part
    XI, line 4: bullet$  
    a Applied to 2020, but not more than line 2a  
    b Applied to undistributed income of prior years
    (Election required—see instructions).....     		 
    c Treated as distributions out of corpus (Election
    required—see instructions)........     		 
    d Applied to 2021 distributable amount.....  
    e Remaining amount distributed out of corpus  
    5 Excess distributions carryover applied to 2021.    
    (If an amount appears in column (d), the
    same amount must be shown in column (a).)
    6Enter the net total of each column as
    indicated below:
    a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5  
    b Prior years’ undistributed income. Subtract
    line 4b from line 2b ..........     		 
    c Enter the amount of prior years’ undistributed
    income for which a notice of deficiency has
    been issued, or on which the section 4942(a)
    tax has been previously assessed......     		 
    d Subtract line 6c from line 6b. Taxable amount
    —see instructions ...........     		 
    e Undistributed income for 2019. Subtract line
    4a from line 2a. Taxable amount—see
    instructions .............     		 
    f Undistributed income for 2021. Subtract
    lines 4d and 5 from line 1. This amount must
    be distributed in 2022 ..........     		 
    7 Amounts treated as distributions out of
    corpus to satisfy requirements imposed by
    section 170(b)(1)(F) or 4942(g)(3) (Election may
    be required - see instructions) .......     		 
    8 Excess distributions carryover from 2016 not
    applied on line 5 or line 7 (see instructions) ...     		 
    9 Excess distributions carryover to 2022.
    Subtract lines 7 and 8 from line 6a ......     		 
    10 Analysis of line 9:
    a Excess from 2017....  
    b Excess from 2018....  
    c Excess from 2019....  
    d Excess from 2020....  
    e Excess from 2021....  
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 10
    Part XIII
    Private Operating Foundations (see instructions and Part VI-A, question 9)
    1a If the foundation has received a ruling or determination letter that it is a private operating
    foundation, and the ruling is effective for 2021, enter the date of the ruling ....... bullet
     
    b Check box to indicate whether the organization is a private operating foundation described in section or
    2a Enter the lesser of the adjusted net
    income from Part I or the minimum
    investment return from Part X for each
    year listed ..........     		Tax year Prior 3 years (e) Total
    (a) 2021 (b) 2020 (c) 2019 (d) 2018
    97,665 3,335 94,850 264,310 460,160
    b 85% (0.85) of line 2a ......... 83,015 2,835 80,623 224,664 391,136
    c Qualifying distributions from Part XI,
    line 4 for each year listed .....     		3,004,097 3,104,544 5,626,146 7,057,894 18,792,681
    d Amounts included in line 2c not used directly
    for active conduct of exempt activities ..........     		0 0 0 0 0
    e Qualifying distributions made directly
    for active conduct of exempt activities.
    Subtract line 2d from line 2c ....     		3,004,097 3,104,544 5,626,146 7,057,894 18,792,681
    3 Complete 3a, b, or c for the
    alternative test relied upon:
    a “Assets" alternative test—enter:
    (1) Value of all assets ...... 14,558,901 8,475,346 16,655,636 15,142,982 54,832,865
    (2) Value of assets qualifying
    under section 4942(j)(3)(B)(i)    		 14,558,881 7,985,323 14,701,307 14,399,300 51,644,811
    b “Endowment" alternative test— enter 2/3
    of minimum investment return shown in
    Part IX, line 6 for each year listed ..     		134,591 300,584 410,607 362,289 1,208,071
    c “Support" alternative test—enter:
    (1) Total support other than gross
    investment income (interest,
    dividends, rents, payments
    on securities loans (section
    512(a)(5)), or royalties) ....     		        0
    (2) Support from general public
    and 5 or more exempt
    organizations as provided in
    section 4942(j)(3)(B)(iii)....     		  1,000 8,000,000 8,143,169 16,144,169
    (3) Largest amount of support
    from an exempt organization    		 3,000,000     143,169 3,143,169
    (4) Gross investment income 60,415 2,731 94,850 263,555 421,551
    Part XIV
    Supplementary Information (Complete this part only if the foundation had $5,000 or more in
    assets at any time during the year—see instructions.)
    1Information Regarding Foundation Managers:
    aList any managers of the foundation who have contributed more than 2% of the total contributions received by the foundation
    before the close of any tax year (but only if they have contributed more than $5,000). (See section 507(d)(2).)
    bList any managers of the foundation who own 10% or more of the stock of a corporation (or an equally large portion of the
    ownership of a partnership or other entity) of which the foundation has a 10% or greater interest.
    2Information Regarding Contribution, Grant, Gift, Loan, Scholarship, etc., Programs:
    Check here bullet
    aThe name, address, and telephone number or e-mail address of the person to whom applications should be addressed:
    CINEREACH LTD
    240 KENT AVENUE
    BROOKLYN,NY11249
    (646) 733-4267
    bThe form in which applications should be submitted and information and materials they should include:
    CINEREACH LTD UNSOLICITED APPLICATIONS WERE ACCEPTED THROUGH AN ONLINE SUBMISSION FORM ALONG WITH A FILM SAMPLE AND OTHER SUPPLEMENTAL MATERIALS. AS OF MARCH 10TH, 2021 THE ORGANIZATION PAUSED ACCEPTING UNSOLICITED APPLICATIONS DUE TO A FULL SLATE AND UNTIL FURTHER NOTICE WILL ONLY BE ACCEPTING NEW APPLICATIONS ON A LIMITED INVITATION ONLY BASIS.
    cAny submission deadlines:
    N/A
    dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
    factors:
    N/A
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 11
    Part XIV
    Supplementary Information (continued)
    3 Grants and Contributions Paid During the Year or Approved for Future Payment
    Recipient If recipient is an individual,
    show any relationship to
    any foundation manager
    or substantial contributor
    		 Foundation
    status of
    recipient     		Purpose of grant or
    contribution     		Amount
    Name and address (home or business)
    aPaid during the year
    STRAND RELEASING LLC
    6140 W WASHINGTON BLVD
    CULVER CITY,CA90232     		NONE NC AUDIENCE ENGAGEMENT GRANT FOR US DISTRIBUTION OF MOGUL MOWGLI 10,000
    ALLIED MEDIA PROJECTS INC
    4126 THIRD STREET
    DETROIT,MI48201     		NONE PC LOVE BUILDING CAPITAL CAMPAIGN - MATCHING FUNDS 300,000
    COSIGN LLC
    400 2ND AVENUE 25G
    NEW YORK,NY10010     		NONE NC ORGANIZATIONAL LAUNCH EVENT SUPPORT 50,000
    FILM INDEPENDENT INC
    5670 WILSHIRE BLVD 9TH FL
    LOS ANGELES,CA90036     		NONE PC NATIVE MENTORSHIP PROGRAM FOR THE FILM FRYBREAD FACE & ME 7,895
    CINEREACH GRANT PROJECT LLC
    4201 W 5TH STREET APT 229
    SANTA ANA,CA92703     		NONE NC FILM PRODUCTION SUPPORT - ZERO GRAVITY 20,000
    JA PRODUCTIONS
    720 BATHURST ST SUITE 311
    TORONTO,ONTARIOM5S 2R4
    CA     		NONE NC TRANS MENTORSHIP PROGRAM FOR THE FILM SOMETHING YOU SAID LAST NIGHT 40,000
    PARK PICTURES MEDIA PARTNERS LLC
    184 FIFTH AVENUE
    NEW YORK,NY10010     		NONE NC PRODUCTION DEVELOPMENT SUPPORT FOR THE FILM EARTH MAMA 5,000
    SUNDANCE INSTITUTE
    1500 KEARNS BOULEVARD SUITE B-110
    PARK CITY,UT84060     		NONE PC CAPITAL CAMPAIGN - INNOVATION FUND 200,000
    Total .................................bullet 3a 632,895
    bApproved for future payment
    Total .................................bullet 3b 0
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 12
    Part XV-A
    Analysis of Income-Producing Activities
    Enter gross amounts unless otherwise indicated. Unrelated business income Excluded by section 512, 513, or 514 (e)
    Related or exempt
    function income
    (See instructions.)
    1Program service revenue: (a)
    Business code     		(b)
    Amount     		(c)
    Exclusion code     		(d)
    Amount
    a
    b
    c
    d
    e
    f
    gFees and contracts from government agencies          
    2 Membership dues and assessments ....          
    3 Interest on savings and temporary cash
    investments ...........     		         
    4 Dividends and interest from securities ....          
    5 Net rental income or (loss) from real estate:
    aDebt-financed property......          
    bNot debt-financed property.....          
    6 Net rental income or (loss) from personal property          
    7 Other investment income .....          
    8 Gain or (loss) from sales of assets other than
    inventory ............     		        11,209
    9 Net income or (loss) from special events:          
    10 Gross profit or (loss) from sales of inventory          
    11 Other revenue:
    aPRI INCOME     		        2,103
    bSOUNDTRACK REVENUE     15 12,874  
    cDISTRIBUTION REVENUE         34,628
    dOTHER INCOME         31
    eOTHER PRI INCOME     14 47,541  
    12 Subtotal. Add columns (b), (d), and (e) .. 0 60,978 47,971
    13Total. Add line 12, columns (b), (d), and (e)..................
    13
    108,949
    (See worksheet in line 13 instructions to verify calculations.)
    Part XV-B
    Relationship of Activities to the Accomplishment of Exempt Purposes
    Line No.
    DownArrow     		Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to
    the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See
    instructions.)
    11B PRODUCTION COST RECOVERIES AND ROYALTIES ARE REVENUE DERIVED FROM FILMS PRODUCED BY CINEREACH LTD. AS A PRIMARY MEANS OF ACCOMPLISHING ITS CHARITABLE EXEMPT PURPOSE.
    Form 990-PF (2021)
    Form 990-PF (2021)
    Page 13
    Part XVI
    Information Regarding Transfers To and Transactions and Relationships With Noncharitable Exempt Organizations
    1
    Did the organization directly or indirectly engage in any of the following with any other organization described in section 501(c) (other than section 501(c)(3) organizations) or in section 527, relating to political organizations?
    Yes
    No
    a
    Transfers from the reporting foundation to a noncharitable exempt organization of:
    (1) Cash...................................
    1a(1)
     
    No
    (2) Other assets.................................
    1a(2)
     
    No
    b
    Other transactions:
    (1) Sales of assets to a noncharitable exempt organization....................
    1b(1)
     
    No
    (2) Purchases of assets from a noncharitable exempt organization..................
    1b(2)
     
    No
    (3) Rental of facilities, equipment, or other assets.......................
    1b(3)
     
    No
    (4) Reimbursement arrangements...........................
    1b(4)
     
    No
    (5) Loans or loan guarantees.............................
    1b(5)
     
    No
    (6) Performance of services or membership or fundraising solicitations................
    1b(6)
     
    No
    c
    Sharing of facilities, equipment, mailing lists, other assets, or paid employees..............
    1c
     
    No
    d
    If the answer to any of the above is "Yes," complete the following schedule. Column (b) should always show the fair market value
    of the goods, other assets, or services given by the reporting foundation. If the foundation received less than fair market value
    in any transaction or sharing arrangement, show in column (d) the value of the goods, other assets, or services received.
    (a) Line No. (b) Amount involved (c) Name of noncharitable exempt organization (d) Description of transfers, transactions, and sharing arrangements
    2a
    Is the foundation directly or indirectly affiliated with, or related to, one or more tax-exempt organizations
    described in section 501(c) (other than section 501(c)(3)) or in section 527? ...........
    b
    If "Yes," complete the following schedule.

    (a) Name of organization (b) Type of organization (c) Description of relationship
    Sign Here
    Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than taxpayer) is based on all information of which preparer has any knowledge.
    Bullet Bullet
    May the IRS discuss this return
    with the preparer shown below?
    See instructions.
    Signature of officer or trustee Date Title
    Paid Preparer Use Only Print/Type preparer's name Preparer's Signature Date PTIN
    Firm's name SmallBullet
    		 Firm's EIN SmallBullet
    Firm's address SmallBullet


    		 Phone no.
    Form 990-PF (2021)
    Additional Data


    Software ID:  
    Software Version:  


    Form 990PF - Special Condition Description:
    Special Condition Description
    Schedule B
    (Form 990)
    Department of the Treasury
    Internal Revenue Service
    Schedule of Contributors

    Arrow Bullet Attach to Form 990, 990-EZ, or 990-PF.
    Arrow Bullet Go to www.irs.gov/Form990 for the latest information.
    OMB No. 1545-0047
    2021
    Name of the organization
    CINEREACH LTD
     
    Employer identification number

    20-2946241
    Organization type (check one):
    Filers of:
    Section:
    Form 990 or 990-EZ






    Form 990-PF




    Check if your organization is covered by the General Rule or a Special Rule.  
    Note: Only a section 501(c)(7), (8), or (10) organization can check boxes for both the General Rule and a Special Rule. See instructions.
    General Rule
    Special Rules
    ......... Arrow Bullet $  
    Caution: An organization that isn't covered by the General Rule and/or the Special Rules doesn't file Schedule B (Form 990,
    990-EZ, or 990-PF), but it must answer “No” on Part IV, line 2, of its Form 990; or check the box on line H of its Form 990-EZ
    or on its Form 990PF, Part I, line 2, to certify that it doesn't meet the filing requirements of Schedule B (Form 990,
    990-EZ, or 990-PF).
    For Paperwork Reduction Act Notice, see the Instructions
    for Form 990, 990-EZ, or 990-PF.
    Cat. No. 30613XSchedule B (Form 990) (2021)
    Schedule B (Form 990) (2021) Page 2
    Name of organization
    CINEREACH LTD
          		Employer identification number
    20-2946241
    Part I
    Contributors
    Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
    1
    ART MENTOR FOUNDATION
     
    31 VICTORIA STREET
     
      , HAMILTONHM 10BD

    		$ 3,000,000


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    (a)
    No.    		 (b)
    Name, address, and ZIP + 4    		 (c)
    Total contributions    		 (d)
    Type of contribution
     
     
     
     

    		$  


    (Complete Part II for noncash contributions.)
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 3
    Name of organization
    CINEREACH LTD
          		Employer identification number

    20-2946241
    Part II
    Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    (a)
    No. from Part I    		 (b)
    Description of noncash property given    		 (c)
    FMV (or estimate)
    (See instructions)     		(d)
    Date received
     
    		$    
    Schedule B (Form 990) (2021)
    Schedule B (Form 990) (2021)
    Page 4
    Name of organization
    CINEREACH LTD
          		Employer identification number

    20-2946241
    Part III
    Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) Arrow Bullet$  
    Use duplicate copies of Part III if additional space is needed.
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    (a)
    No. from Part I    		 (b) Purpose of gift (c) Use of gift (d) Description of how gift is held
     
    (e) Transfer of gift
    Transferee's name, address, and ZIP 4 Relationship of transferor to transferee
     
     
         
     
    Schedule B (Form 990) (2021)
    Additional Data


    Software ID:  
    Software Version:  

    TY 2021 AccountingFeesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    ACCOUNTING FEES 98,081 0 0 101,454

    TY 2021 AllOthProgRltdInvestmentsSch
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category Amount
    US PRODUCTIONS SERVICES, PROJECT - DEMENTION MADE WITH LOVE INC, PROJECT - MAGNOLIA BLOOM 55,000

    Note: To capture the full content of this document, please select landscape mode (11" x 8.5") when printing.

    TY 2021 ExpenditureResponsibilityStmt
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Grantee's Name Grantee's Address Grant Date Grant Amount Grant Purpose Amount Expended By Grantee Any Diversion By Grantee? Dates of Reports By Grantee Date of Verification Results of Verification
    ALIENS IN ERITREA LLC
          		61876 MORNINGSIDE ROAD
    JOSHUA TREE,CA92252     		2021-03-10 35,000 TO SUPPORT THE CULTIVATION OF ARTISTIC STRATEGIES TAKEN WITHIN FILMMAKING HELMED BY SEPHORA WOLDU, THROUGH DEVELOPMENT ACTIVITIES FOR THE PROJECT ALIENS IN ERITREA 35,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 11/10/21, 3/21/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    COSIGN LLC
          		400 2ND AVENUE 25G
    NEW YORK,NY10010     		2020-08-26 50,000 TO SUPPORT TO DEVELOPMENT OF A BUSINESS PLAN AND GENERAL OPERATING EXPENSES OF THE ORGANIZATION 49,500 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 7/1/21, 2/27/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    COSIGN LLC
          		400 2ND AVENUE 25G
    NEW YORK,NY10010     		2021-09-27 50,000 TO SUPPORT THE ORGANIZATION'S LAUNCH EVENT 49,184 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 2/27/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    FRUIT TREE MEDIA LTD
          		205 CRESCENT ROAD
    LONDON,BARNETEN4 8SB
    UK     		2021-03-01 5,000 TO SUPPORT TO DEVELOPMENT EXPENSES FOR THE FILM PROJECT CURRENTLY ENTITLED "THE DANCE" 5,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 10/4/21, 3/16/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    RATHAUS FILMS LLC
          		740 MADISON STREET
    BROOKLYN,NY11221     		2021-04-08 20,000 TO SUPPORT THE CULTIVATION OF ARTISTIC STRATEGIES TAKEN WITHIN FILMMAKING HELMED BY SHABIER KIRCHNER, THROUGH ACTIVE RESEARCH, EXPERIMENTATION ANDCREATION 0 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 10/19/21, 3/7/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    STRAND RELEASING LLC
          		6140 W WASHINGTON BLVD
    CULVER CITY,CA90232     		2021-08-03 10,000 AUDIENCE ENGAGEMENT GRANT FOR US DISTRIBUTION OF THE FILM "MOGUL MOWGLI" 10,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 9/16/2022   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    TIGERRUN PRODUCTIONS LIMITED
          		40 LAGLAND STREET
    POOLE,DORSET  
    UK     		2021-03-11 10,000 "TO SUPPORT THE CULTIVATION OF ARTISTIC STRATEGIES TAKEN WITHIN FILMMAKING HELMED BY AYO AKINGBADE, THROUGH ACTIVE RESEARCH, EXPERIMENTATION ANDCREATION" 10,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 9/27/21, 3/8/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    TRES TUNAS CINE
          		CERRADA GARAMUBLLO 1
    COLONIA PEITAS MARFIL,GUANAJUATO  
    MX     		2020-12-01 10,000 "TO SUPPORT THE DEVELOPMENT EXPENSES FOR THE FILM PROJECT CURRENTLY ENTITLED "LOST IN THE NIGHT"" 10,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 4/12/21, 12/31/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    BING LIU C/O CINEREACH 240 KENT AVE
    BROOKLYN,NY11249     		2020-01-07 6,842 "TO SUPPORT PARTICIPATION IN ACTING CLASSES, AND OTHER REASONABLY RELATED ACTIVITIES, TOWARD DEEPENING THE GRANTEE'S EXPERIENCE WITH FICTION, AS PART OF THE CINEREACH FELLOWSHIPS PROGRAM" 6,842 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 11/13/20, 12/15/21, 3/1/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    CINEREACH GRANT PROJECT LLC
          		4201 W 5TH STREET APT 229
    SANTA ANA,CA92703     		2021-03-05 20,000 TO SUPPORT THE PRODUCTION EXPENSES FOR A SHORT FILM, "ZERO GRAVITY", AS PART OF THE CINEREACH FELLOWSHIPS PROGRAM 18,020 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 3/1/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    BRIMSTONE LLC
          		2764 ORLEANS AVE
    NEW ORLEANS,LA70119     		2015-08-01 387,771 PROGRAM RELATED INVESTMENT: TO FUND THE PRODUCTION AND FINISHING COSTS OF A FEATURE LENGTH DOCUMENTARY FILM ENTITLED, "BRIMSTONE & GLORY" 387,771 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 1/11/17, 8/30/17, 10/23/18, 2/14/19, 2/25/20 10/15/20, 7/12/21,10/12/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    DEATH ON A TUESDAY LTD
          		215-221 BOROUGH HIGH STREET
    LONDON    
    UK     		2021-05-28 500,000 PROGRAM RELATED INVESTMENT: TO SUPPORT A PORTION OF THE PRODUCTION EXPENSES OF THE FEATURE-LENGTH NARRATIVE PROJECT BASED ON AN ORIGINAL SCREENPLAY ENTITLED "TUESDAY" 500,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 2/4/22, 1/17/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    GO FREESTYLE LLC
          		400 ALTON ROAD 411
    MIAMI BEACH,FL33139     		2018-02-01 185,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE DEVELOPMENT OF A STORY AND PRODUCTION PLAN FOR THE PROJECT CURRENTLY REFERRED TO AS "LA DEE DA", F/K/A "UNTITLED SEAN BAKER PROJECT", INCLUDING COSTS ASSOCIATED WITH TRAVEL AND LIVING EXPENSES, RESEARCH, LOCATION SCOUTING, AND PRELIMINARY CASTING 181,228 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 07/21/18, 12/02/18, 05/08/19, 02/4/20, 01/31/21, 09/01/21, 11/18/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    MADE WITH LOVE INC
          		8447 WILSHIRE BLVD SUITE 200
    BEVERLY HILLS,CA90211     		2021-03-11 40,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE CREATION OF DEVELOPMENT MATERIALS FOR THE FILM CURRENTLY ENTITLED "MAGNOLIA BLOOM" 7,500 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 1/30/22, 1/17/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    PULSE FIMS LTD
          		17 HANBURY STREET
    LONDON    
    UK     		2017-07-28 50,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE DEVELOPMENT OF THE FIRST DRAFT AND REWRITE OF THE SCREENPLAY AND OTHER RELATED AND MUTUALLY APPROVED ACTIVITIES DURING THE DEVELOPMENT PHASE OF THE FEATURE LENGTH MOTION PICTURE PROJECT CURRENTLY ENTITLED "UNTITLED KOSMOS PROJECT" 50,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 02/22/19, 11/19/19, 12/08/20, 08/06/21, 9/23/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    QUITE A PRODUCTION INC
          		4111 W ALAMEDA AVE SUITE 505
    BURBANK,CA10001     		2019-10-03 50,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE PRODUCTION EXPENSES FOR THE FILM CURRENTLY ENTITLED "A HORSE DIES ONCE THAT IS A LIE" DIRECTED AND WRITTEN BY MIRANDA JULY 26,450 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 8/21/20, 8/20/21, 9/6/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    TCP FILM LLC
          		712 S SANTA FE AVE UNIT 304
    LOS ANGELES,CA90021     		2020-06-18 75,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE DEVELOPMENT AND PRODUCTION EXPENSES FOR THE FILM "THE CHARLEY PROJECT" DIRECTED BY DAVID TERRY FINE 36,164 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 10/14/20, 8/9/21, 9/23/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    THUMBELULU FILMS INC
          		3500 W OLIVE AVE STE 1190
    BURBANK,CA91505     		2020-02-27 15,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE RESEARCH AND DEVELOPMENT FOR A PROJECT CURRENTLY TITLED "UNTITLED LULU WANG RUSSIA STORY" 12,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 6/30/21, 09/19/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    US PRODUCTION SERVICES
          		624 W AVE 46
    LOS ANGELES,CA90065     		2021-06-23 40,000 PROGRAM RELATED INVESTMENT: SCRIPT DEVELOPMENT FOR FILM CURRENTLY ENTITLED "DEMENTION" 40,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 1/26/22, 2/21/23   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    NEW WAVE PRODUCTIONS
          		340 S LEMON AVE 8915
    WALNUT,CA91789     		2022-02-24 75,000 PROGRAM RELATED INVESTMENT: TO SUPPORT THE PRODUCTION AND POST-PRODUCTION COSTS OF THE FILM CURRENTLY ENTITLED "NEW WAVE" 15,500 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 2/3/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    MICKEY & MINA LLC
          		110 E 25TH STREET STUDIO 415
    NEW YORK,NY10001     		2022-04-28 182,143 PROGRAM RELATED INVESTMENT: TO SUPPORT THE PRODUCTION COSTS OF THE FILM CURRENTLY ENTITLED "REALITY" 182,143 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 1/30/2023   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    PARK PICTURES MEDIA PARTNERS LLC
          		184 FIFTH AVENUE
    NEW YORK,NY10010     		2021-04-15 5,000 TO SUPPORT THE PRODUCTION EXPENSES FOR THE FILM PROJECT CURRENTLY ENTITLED "EARTH MAMA" 5,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 8/23/01   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.
    JA PRODUCTIONS
          		720 BATHURST ST SUITE 311
    TORONTO,ONM5S 2R4
    CA     		2020-12-17 40,000 TO SUPPORT A TRANS MENTORSHIP PROGRAM, OFFERING PRE AND POST PRODUCTIONTRAINING FOR UP TO EIGHT MENTEES, DURING THE PRODUCTION OF THE FILM PROJECTCURRENTLY ENTITLED "SOMETHING YOU SAID LAST NIGHT" 40,000 TO THE KNOWLEDGE OF THE GRANTOR, NO FUNDS HAVE BEEN DIVERTED. 8/9/21, 2/24/22   THE GRANTOR HAS NO REASON TO DOUBT THE ACCURACY OR RELIABILITY OF THE REPORTS FROM THE GRANTEE; THEREFORE, NO INDEPENDENT VERIFICATION OF THE REPORTS WAS MADE.

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    TY 2021 GainLossSaleOtherAssetsSch
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Name Date Acquired How Acquired Date Sold Purchaser Name Gross Sales Price Basis Basis Method Sales Expenses Total (net) Accumulated Depreciation
    SALE OF FIXED ASSETS   PURCHASED     12,301 1,092 COST 0 11,209  

    TY 2021 GeneralExplanationAttachment
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Identifier Return Reference Explanation
    CONTROLLED ENTITIES FORM 990-PF, PART VI-A, LINE 11 MARCEL THE MOVIE LLC, 32-0498327, 240 KENT AVE, BROOKLYN, NY 11249, NOT AN EXCESS BUSINESS HOLDINGUS THREE LLC, 35-2558408, 240 KENT AVE, BROOKLYN, NY 11249, NOT AN EXCESS BUSINESS HOLDINGMTMOVIE INC., 84-2150028, 240 KENT AVE, BROOKLYN, NY 11249, NOT AN EXCESS BUSINESS HOLDING

    TY 2021 InvestmentsOtherSchedule2
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category/ Item Listed at Cost or FMV Book Value End of Year Fair Market Value
    US THREE LLC AT COST 10 10
    MARCEL THE MOVIE AT COST 10 10

    TY 2021 LandEtcSchedule2
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category / Item Cost / Other Basis Accumulated Depreciation Book Value End of Year Fair Market Value
    COMPUTERS AND PROGRAM EQUIPMENT 295,490 234,338 61,152 61,152
    FURNITURE & FIXTURES 96,813 76,846 19,967 19,967


    TY 2021 LegalFeesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    LEGAL 1,210 0 0 1,210


    TY 2021 OtherAssetsSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Description Beginning of Year - Book Value End of Year - Book Value End of Year - Fair Market Value
    SECURITY DEPOSITS 49 49 49
    PROGRAM RELATED INVESTMENTS 2,070,755 1,896,236 1,896,236
    DUE FROM CONTROLLED ENTITIES   6,915,306 6,915,306


    TY 2021 OtherExpensesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Description Revenue and Expenses per Books Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    BANK CHARGES 2,144 0 0 2,144
    DUES & SUBSCRIPTIONS 1,710 0 0 2,244
    INSURANCE 36,966 0 0 38,813
    MARKETING/ADVERTISING 1,573 0 0 1,182
    OFFICE EXPENSES 30,424 0 0 30,273
    SUPPLIES 33,864 0 0 33,432
    STAFF DEVELOPMENT & TRAINING 150,856 0 0 150,962
    PROJECT/FILMMAKER DEVELOPMENT 28,518 0 0 22,053


    TY 2021 OtherIncomeSchedule2
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Description Revenue And Expenses Per Books Net Investment Income Adjusted Net Income
    PRI INCOME 2,103   2,103
    SOUNDTRACK REVENUE 12,874 12,874 12,874
    DISTRIBUTION REVENUE 34,628   34,628
    OTHER INCOME 31   31
    OTHER PRI INCOME 47,541 47,541 47,541


    TY 2021 OtherIncreasesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Description Amount
    BASIS ADJUSTMENT 6,063,492


    TY 2021 OtherProfessionalFeesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    OTHER FEES 270,879 0 0 242,175


    TY 2021 TaxesSchedule
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Category Amount Net Investment Income Adjusted Net Income Disbursements for Charitable Purposes
    IT 204 - LL DISREGARDED ENTITIES 75 0 75 0
    NYS FILING FEE 275 0 0 0


    TY 2021 TransfersFrmControlledEntities
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Name US /
    Foreign Address    		 EIN Description Amount
    MARCEL THE MOVIE LLC 240 KENT AVE
    BROOKLYN,NY11249     		32-0498327 RETURN OF ADVANCE 361,781
    Total     54

    TY 2021 TransfersToControlledEntities
    Name:
    CINEREACH LTD
    EIN:
    20-2946241
    Name US /
    Foreign Address    		 EIN Description Amount
    MARCEL THE MOVIE LLC 240 KENT AVE
    BROOKLYN,NY11249     		32-0498327 ADVANCE TO SUBSIDIARY 361,781
    US THREE LLC 240 KENT AVE
    BROOKLYN,NY11249     		35-2558408 TO RECORD REVENUE DUE TO SUBSIDIARY 34
    Total     361,815