Saturday, February 25, 2012

Oscars' IRS 990:
2010 Revenue = $86 Million


Many movie-lovers are not aware that the organization behind the Academy Awards and the annual television show are a charity, and on the eve of the latest edition of the ceremony I'd like to shed light on their current IRS 990 return.

The Academy of Motion Picture Arts and Sciences is a tax exempt 501(c)3 nonprofit that stages the Oscars and the filing shows revenue jumped 6% from 2009 to 2010.

Revenue in 2009 was $81.2 million and rose the next year to $86.8 million, when Steve Martin and Alex Baldwin were hosts of the gala.

The Academy answered yes to the question did it have a bank account in a foreign country, and lists Bermuda and Luxembourg as the countries where they maintain accounts abroad.


And total compensation for Academy president Bruce Davis was $1.3 million.


The tax return aside, tomorrow night I'm rooting for "Tree of Life" as best picture, Jean Dujardin and Meryl Streep in the lead acting categories, Christopher Plummer for supporting actor, no one yet for supporting actress, Agnieszka Holland's "In Darkness" for foreign language film, Terrence Malick for director, his cinematographer Emmanuel Lubezki, "Pina" in the feature documentary field, "La Luna" for animated short,  and "The Shore" for live action short.

"And the Oscar goes to . . ."

2 comments:

Anonymous said...

Michael:

Could you please ask/demand that NGLTF post its 990? They are 2 years out of date. They should be transparent.

Michael said...

hi anon,

we really need folks like you demanding NGLTF post its returns on their site. have you tried pushing them to do this? i agree they should be transparent, and we need ALL gay advocacy groups sharing their 990s with anyone who visits their sites.