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Nonprofiteer
← FILM PRIZE FOUNDATION INC

Form 990 for tax year 2024

Filed by FILM PRIZE FOUNDATION INC.

Totals

Total revenue
$1,936,696
Total expenses
$1,808,703
Contributions and grants received
$1,441,214
Grants paid
$159,644
Program service revenue
$490,369
Investment income
$1,638
Other revenue
$3,475
Total assets, end of year
$137,987
Total liabilities, end of year
$485,944
Net assets or fund balances, end of year
-$347,957
Program services expenses (Part IX)
$1,429,734
Management and general expenses
$378,969
Fundraising expenses
$0
Program service expenses (Part III)
$1,429,734

Program services were 79.0% 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)

    $240,260

  • 1f · All other contributions, gifts and grants

    $1,200,954

  • 2a · Program service revenue: TICKET SALES

    total $391,886 · related or exempt $391,886

  • 2b · Program service revenue: REIMBURSEMENTS FROM RE

    total $98,483 · related or exempt $98,483

  • 3 · Investment income

    total $1,638 · excluded $1,638

  • 11a · Other revenue: OTHER INCOME

    total $3,475 · related or exempt $3,475

  • 11e · Other revenue, total

    $3,475

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,276 · program services $100,276

  • 2 · Grants to domestic individuals

    total $59,368 · program services $59,368

  • 5 · Compensation of officers, directors and key employees

    total $7,588 · program services $379 · management and general $7,209

  • 7 · Other salaries and wages

    total $270,579 · program services $191,171 · management and general $79,408

  • 10 · Payroll taxes

    total $48,556 · program services $35,851 · management and general $12,705

  • 11b · Fees: legal

    total $49,143 · management and general $49,143

  • 11c · Fees: accounting

    total $46,550 · management and general $46,550

  • 11g · Fees: other

    total $11,960 · program services $11,960

  • 12 · Advertising and promotion

    total $77,422 · program services $65,924 · management and general $11,498

  • 13 · Office expenses

    total $9,567 · program services $4,189 · management and general $5,378

  • 14 · Information technology

    total $38,131 · program services $23,102 · management and general $15,029

  • 16 · Occupancy

    total $27,583 · program services $3,630 · management and general $23,953

  • 17 · Travel

    total $101,456 · program services $79,731 · management and general $21,725

  • 20 · Interest

    total $14,153 · management and general $14,153

  • 22 · Depreciation, depletion and amortization

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

  • 23 · Insurance

    total $10,399 · management and general $10,399

  • 24a · Other expenses: FESTIVAL AND SPECIAL EV

    total $430,090 · program services $427,817 · management and general $2,273

  • 24b · Other expenses: CONTRACT LABOR

    total $269,855 · program services $231,756 · management and general $38,099

  • 24c · Other expenses: DESIGN AND PRINTING COS

    total $90,736 · program services $89,176 · management and general $1,560

  • 24d · Other expenses: SUPPLIES

    total $38,101 · program services $35,507 · management and general $2,594

  • 24e · All other expenses

    total $99,663 · program services $69,897 · management and general $29,766

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $48,442 · end of year $82,197

  • 2 · Savings and temporary cash investments

    beginning of year $11,617 · end of year $15,733

  • 3 · Pledges and grants receivable

    beginning of year $82,274 · end of year $29,000

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

    $39,019

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

    $27,962

  • 10c · Land, buildings and equipment, net

    beginning of year $18,584 · end of year $11,057

  • 17 · Accounts payable and accrued expenses

    beginning of year $54,907 · end of year $73,747

  • 23 · Secured mortgages and notes payable

    beginning of year $132,324 · end of year $127,706

  • 25 · Other liabilities

    beginning of year $419,491 · end of year $284,491

  • 27 · Net assets without donor restrictions

    beginning of year -$445,805 · end of year -$357,957

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $10,000

Mission and programs · 2024

Mission

THE PRIZE FOUNDATION DRIVES ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, YOUTH JOB TRAINING, CREATIVE ENTREPRENEURSHIP, AND INCREASED TOURISM IN SHREVEPORT AND NORTHWEST LOUISIANA THROUGH EDUCATION, INNOVATIVE BUSINESS INITIATIVES, CONFERENCES, CONTESTS, AND FESTIVALS.

Activities or mission (Part I)

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.

  • 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 $168,000 RETURNED TO SMALL BUSINESSES.

    Expenses $653,758 · Grants $27,104 · Revenue $248,309

  • 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 $625,003 · Grants $40,682 · Revenue $232,092

  • 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 115 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 $150,973 · Grants $91,858 · Revenue $13,443

As filed on the 2024 return.

Listed in Part VII

  • Heidi Kallenberg

    DIRECTOR

    Total calculated
    $7,588
    From this org
    $7,588
    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

  • Gabriela Villeda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Urvashi Bhatnagar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.1

  • Gregory Kallenberg

    EXECUTIVE DIRECTOR

    Total calculated
    $0
    Hours/week
    25 + 15 related

  • Rhonda Butler

    TREASURER

    Total calculated
    $0
    Hours/week
    0.1

  • Amy O'Callaghan

    TOP MANAGEMENT OFFICIAL

    Total calculated
    $93,908
    From this org
    $93,908
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

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

  • CAMARILLO FILMS INC

    $50,000

    FILM PRIZE GRAND WINNER

  • MIA BORDER LLC

    $10,000

    MUSIC PRIZE GRAND WINNER

  • AGED DIAGNOSTICS

    $10,000

    NON-FDA TRACK GRAND WINNER

  • EMBOA MEDICAL

    $10,000

    FDA TRACK GRAND WINNER PRIZE

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.

Provenance

Return type
form_990
Tax year
2024
Filed
29 October 2025
IRS schema version
2024v5.2
Source object
202543149349303744

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