October 27, 2016
        "The Circle" and "The Lost City of Z": Which potential 2016 contenders got bumped to 2017?                Natalie Portman, Janelle Monáe, Matthew McConaughey, Bryce Dallas Howard, Edgar Ramirez, Stacy Keach at Hollywood Film Awards                Viola Davis will be campaigned in Best Supporting Actress for "Fences"                Mel Gibson to be Honored with the Hollywood Director Award at the 20th Annual Hollywood Film Awards                Michael Moore drops a surprise new film with "Michael Moore in TrumpLand"                Hollywood Contenders: New Oscar Predictions for October                Nicole Kidman, Hugh Grant, Naomie Harris, Lily Collins get Honors at 20th Annual Hollywood Film Awards                "Manchester by the Sea" leads the Gotham Award nominations                Tom Ford, Marc Platt and Kenneth Lonergan to be Honored at 20th Annual Hollywood Film Awards                Tom Cruise is in his action hero comfort zone with "Jack Reacher: Never Go Back"                "Moonlight" could be A24's big Oscar horse this year                Ewan McGregor steps behind the camera with "American Pastoral"                Hollywood Contenders: A second crack at Golden Globe predictions for 2016                "The Accountant" seeks to help give Ben Affleck another blockbuster                85 countries will be competing for Best Foreign Language Feature nominations at the Oscars        

Tag Archives: Pickford Center

The Oscars: Inside the Academy’s finances

Talk about Oscar gold. The Academy of Motion Picture Arts and Sciences which stages the Academy Awards has amassed net assets of $167 million.
That staggering figure is contained in the Academy’s most recent Form 990 it filed with the Internal Revenue Service for the fiscal year 2007-2008.
The 990 reveals in detail just how big a cash cow the Academy Awards have become – and how much Oscar season costs the Academy.
The 990 states that the Academy received $210 million for broadcast rights to the Oscar telecast on ABC from 2006 to 2008.
Broken down by fiscal year, the broadcast rights went for $72 million in 2008, $71 million in 2007 and $67 million in 2006. More recent figures are not available.
This war chest is used to finance an array of educational, research and preservationist activities of the Academy and its nonprofit affiliates.
Where the Academy’s money goes, and how much it spends during awards season, is rarely the focus of news coverage in the run-up to Oscars. But the tax filings shine a spotlight on just how expensive mounting the Academy Awards has become.
Here are some of the expenses listed on the Academy’s latest 990:
Academy Awards program: $18,163,522.
Marketing and promotion: $2,175,549.
Board of Governor’s Ball: $1,587,067.
Scientific and Technical Awards: $394,753.
Awards screenings: $227,795.
Nominee’s luncheon: $194,473.
Academy Awards nominee’s announcement: $168,434.
Security: $166,237.
Press relations: $162,470.
New York awards ceremony: $77,623.
London awards ceremony: $40,469.
The Academy’s 990 lists total revenues of $83,826,447 and total expenses of $62,056,486.
The Academy is not a traditional charity that seeks donations from the public. The bulk of its revenues comes from the Oscar telecast and investments, officials say.
Overseeing the Academy is an unpaid Board of Governors, whose membership includes studio executives, producers, writers, directors, actors (Tom Hanks is the board’s current first vice president), and others.
Heading the administrative staff is long-time AMPAS Executive Director Bruce Davis, who was paid $339,485 in fiscal 2008, according to tax documents.
Contributions to his employee benefit and deferred compensation plans totaled $130,001.
Other administrative costs included:
Staff wages: $4.9 million.
Legal fees: $2.9 million.
Pension plan contributions: $1.4 million.
Employee benefits: $831,699.
Printing and publications: $793,922
Compensation for officers, directors and other key employees: $558,197
Supplies: $454,949.
Payroll taxes: $408,286.
Postage and shipping: $295,855.
Equipment rental and […]