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Nonprofiteer
← FILM PRIZE FOUNDATION INC

Form 990 for tax year 2023

Filed by FILM PRIZE FOUNDATION INC.

Totals

Total revenue
$1,497,474
Total expenses
$1,647,144
Contributions and grants received
$1,237,161
Grants paid
$106,939
Program service revenue
$250,650
Investment income
$640
Other revenue
$9,023
Total assets, end of year
$160,917
Total liabilities, end of year
$606,722
Net assets or fund balances, end of year
-$445,805
Program services expenses (Part IX)
$1,378,470
Management and general expenses
$268,674
Fundraising expenses
$0
Program service expenses (Part III)
$1,378,470

Program services were 83.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $177,472

  • 1f · All other contributions, gifts and grants

    $1,059,689

  • 2a · Program service revenue: TICKET SALES

    total $250,650 · related or exempt $250,650

  • 3 · Investment income

    total $640 · excluded $640

  • 11a · Other revenue: OTHER INCOME

    total $9,023 · related or exempt $9,023

  • 11e · Other revenue, total

    $9,023

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $45,609 · program services $45,609

  • 2 · Grants to domestic individuals

    total $61,330 · program services $61,330

  • 5 · Compensation of officers, directors and key employees

    total $67,332 · program services $29,616 · management and general $37,716

  • 7 · Other salaries and wages

    total $280,250 · program services $220,835 · management and general $59,415

  • 10 · Payroll taxes

    total $45,398 · program services $34,383 · management and general $11,015

  • 11b · Fees: legal

    total $5,500 · program services $2,093 · management and general $3,407

  • 11c · Fees: accounting

    total $15,451 · program services $5,876 · management and general $9,575

  • 11g · Fees: other

    total $9,170 · program services $3,487 · management and general $5,683

  • 12 · Advertising and promotion

    total $66,405 · program services $57,558 · management and general $8,847

  • 13 · Office expenses

    total $3,976 · program services $1,954 · management and general $2,022

  • 14 · Information technology

    total $17,286 · program services $3,167 · management and general $14,119

  • 16 · Occupancy

    total $19,657 · program services $7,657 · management and general $12,000

  • 17 · Travel

    total $107,776 · program services $81,838 · management and general $25,938

  • 20 · Interest

    total $4,985 · management and general $4,985

  • 22 · Depreciation, depletion and amortization

    total $7,527 · management and general $7,527

  • 23 · Insurance

    total $3,324 · program services $3,324

  • 24a · Other expenses: FESTIVAL AND SPECIAL EV

    total $472,844 · program services $472,844

  • 24b · Other expenses: CONTRACT LABOR

    total $221,704 · program services $179,608 · management and general $42,096

  • 24c · Other expenses: DESIGN AND PRINTING COS

    total $78,700 · program services $78,700

  • 24d · Other expenses: MEALS AND ENTERTAINMENT

    total $39,181 · program services $36,521 · management and general $2,660

  • 24e · All other expenses

    total $73,739 · program services $52,070 · management and general $21,669

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $90,888 · end of year $48,442

  • 2 · Savings and temporary cash investments

    beginning of year $5,995 · end of year $11,617

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $82,274

  • 4 · Accounts receivable

    beginning of year $47,500 · end of year $0

  • 10a · Land, buildings and equipment: cost or other basis

    $39,019

  • 10b · Land, buildings and equipment: accumulated depreciation

    $20,435

  • 10c · Land, buildings and equipment, net

    beginning of year $26,111 · end of year $18,584

  • 17 · Accounts payable and accrued expenses

    beginning of year $36,002 · end of year $54,907

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $132,324

  • 25 · Other liabilities

    beginning of year $430,627 · end of year $419,491

  • 27 · Net assets without donor restrictions

    beginning of year -$296,135 · end of year -$445,805

Mission and programs · 2023

Mission

TO PROMOTE SHORT FILM PRODUCTIONS IN THE LOCAL AREA BY HAVING AN ANNUAL CONTEST. THE CONTEST INVITES ALL INDIVIDUALS ACROSS THE COUNTRY TO SHOOT A SHORT FILM CENTERED IN THE SHREVEPORT/BOSSIER CITY AREA WITH WINNERS RECEIVING GRANTS AND PRIZES. ALSO, THE FILM PRIZE FOUNDATION, INC. SUPPORTS OTHER LOCAL ACTIVITIES BY HAVING ADDITIONAL CONTESTS/FESTIVALS: LOUISIANA STARTUP PRIZE, LOUISIANA MUSIC PRIZE AND THE LOUISIANA FOOD PRIZE.

  • LOUISIANA FILM PRIZE - 38 SHORT FILMS IN CADDO PARISH, LOCAL PRODUCTION AVERAGE SPEND = $3,500 PER FILM WITH OVER 100 FILMS PER CYCLE. LOCAL CAST AND CREW HIRED FOR FILM PRIZE 250+. CAST AND CREW DATABASE WITH OVER 200 ACTIVE ACCOUNTS. FILM PRIZE JUNIOR - MIDDLE SCHOOL / HIGH SCHOOL FREE YEAR-ROUND FILM EDUCATION PROGRAM. OVER 90 FILMS COMPLETED STATEWIDE. STARTUP PRIZE FOCUS ON HEALTH 69 COMPANIES AND THEIR FOUNDERS PARTICIPATED IN THIS 6 MONTH PROGRAM THAT INCLUDED 2 QUALIFIERS AND AND 1 FINAL COMPETITION. 23 STATE REPRESENTED. PARTNERSHIPS WITH LOUISIANA ECONOMIC DEVELOPMENT, BLUE CROSS/ BLUE SHIELD, OCHSNER / LSU HEALTH, MASS CHALLENGE

    Expenses $222,472 · Grants $53,355 · Revenue $34,538

  • TACO WARS A FREE ONE DAY FESTIVAL CELEBRATING THE LATINO COMMUNITY IN SHREVEPORT/BOSSIER. INCLUDED 20 SHREVEPORT, BOSSIER TAQUERIAS AND FOOD VENDORS. OVER 10,000 ATTENDEES FROM ACROSS THE REGION ATTENDED. OVER $125,000 RETURNED TO SMALL BUSINESSES.

    Expenses $705,882 · Grants $1,500 · Revenue $143,849

  • PRIZE FEST - 4 CREATIVE COMPETITIONS - FILM, MUSIC, FOOD AND COMEDY. ELEVATES LOCALS AND NON-LOCALS TO LIVE AND WORK IN CREATIVE INDUSTRIES. OVER 5,000 ATTENDEES BOTH LOCAL AND NON-LOCALS TO EXPERIENCE OUR COMMUNITY. OVER $30 MILLION IN ECONOMIC IMPACT SINCE 2012.

    Expenses $450,116 · Grants $52,084 · Revenue $81,286

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HEIDI KALLENBERG

    DIRECTOR

    Total calculated
    $9,000
    From this org
    $9,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    0.1

  • DAVID HYLAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • JAZMIN JERMIGAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • MIKE COPPER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • TAYLOR JAMISON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • GREGORY KALLENBERG

    EXECUTIVE DIRECTOR

    Total calculated
    $58,332
    From this org
    $58,332
    From related orgs
    $0
    Other
    $0
    Hours/week
    25 + 15 related

  • RHONDA BUTLER

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2023
Filed
17 December 2024
IRS schema version
2023v5.1
Source object
202423559349300022

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