CLEVELAND INTERNATIONAL FILM FESTIVAL INC
Mission Statement
The mission of the Cleveland International Film Festival (CIFF) is to promote artistically and culturally significant film arts through education and exhibition to enrich the life of the community. In other words, the CIFF presents the newest and best films from around the world and does everything in its power to make sure our audience learns something along the way — about our own community, about other cultures, about the topic at hand, and about the experience from the filmmakers themselves. In pursuing its mission, the CIFF strives to accomplish the following: • Set high standards for quality film education and exhibition, placing artistic and cultural merit above commercial appeal; • Foster understanding and appreciation of diverse cultures and values; • Work collaboratively to broaden access to quality film arts; • Cultivate an innovative and forward-thinking organization; • Ensure the organization’s financial stability and increase its financial self-sufficiency; and, • Promote among Board, staff, and volunteers a work environment based on integrity, professionalism, teamwork, trust, and respect. The Cleveland International Film Festival’s vision is to be a leader in helping the world discover the power of the film arts to educate, entertain, and celebrate the human experience. The CIFF has been working to make our community an even better place in which to live since the Film Festival’s inception in 1977.
Financial Overview — FY 2024
Compared with Peers
FY 2024| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.1% | 77.9% |
P10P90
|
Below median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
11.6% | 14.4% |
P10P90
|
Above median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
16.3% | 5.4% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.2 mo | 16.5 mo |
P10P90
|
Bottom quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.4% | 10.6% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
76.4% | 74.5% |
P10P90
|
Below median |
|
Revenue growth
Year over year revenue growth
|
3.4% | 7.8% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
1.3% | 8.0% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-26.7% | -0.5% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $2.5M | $3.2M | $1.4M | 72.1% | 8 |
| 2023 | $2.4M | $3.1M | $1.8M | 70.8% | 11 |
| 2022 | $2.6M | $2.8M | $2.3M | 75.9% | 8 |
| 2021 | $2.4M | $1.7M | N/A | — | 7 |
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