31 July 2017 to 31 October 2019

Once again financial considerations led to a change in ownership.  The Co-Op had met with success, but depended heavily on ticket and concession sales.  Owners were restricted in the number of shares they could own which limited additional capital.  The Co-Op, legally a for-profit corporation, was ineligible for most grants.  A change to non-profit corporate ownership appeared the best way to ensure the viability of the Art by supplementing ticket and concession sales with grants, donations, and memberships.

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The situation was discussed at the annual meeting of owners in 2017 followed by an overwhelming vote to merge with the Art Film Foundation.  The AFF voted at its May 2017 meeting to approve the merger of the old Co-op with the Art Film Foundation, a not-for-profit corporation with 501 (c) 3 status, effective 31 July, 2017.