Film Prize Foundation Inc
- Assets
- $278.2k
- Revenue
- $842.2k
- Investments
- $0.0
- Employees
- 6
- Location
- Shreveport, LA
- Founding
- 03/2013
- Data as of
- 12/2021
- EIN
- 35-2433985
Organization Overview
Film Prize Foundation Inc, operating under the name Louisiana Film Prize Foundation, is located in Shreveport, LA. The organization was established in 2013. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Louisiana Film Prize Foundation employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Louisiana Film Prize Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Louisiana Film Prize Foundation generated $842.2k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $835.3k during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gregory Kallenberg Chairman | Trustee | 25 | $0 |
Heidi Kallenberg Board Member | Trustee | 0 | $0 |
Jazmin Jernigan Board Member | Trustee | 0 | $0 |
Wendy Horton Board Member | Trustee | 0 | $0 |
Mike Cooper Board Member | Trustee | 0 | $0 |
David Hylan Secretary | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $819,415 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $822,915 |
| Total Program Service Revenue | $0 |
| Investment income | $215 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $842,166 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $52,988 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,528 |
| Pension plan accruals and contributions | $1,927 |
| Other employee benefits | $186 |
| Payroll taxes | $34,844 |
| Fees for services: Management | $26,943 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $836 |
| Advertising and promotion | $49,321 |
| Office expenses | $2,171 |
| Information technology | $7,535 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $54,216 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | -$621 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | -$2,213 |
| Insurance | $5,173 |
| All other expenses | $57,943 |
| Total functional expenses | $835,346 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $245,487 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,289 |
| Net Land, buildings, and equipment | $11,025 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,425 |
| Total assets | $278,226 |
| Accounts payable and accrued expenses | $10,416 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $399,685 |
| Other liabilities | $14,903 |
| Total liabilities | $425,004 |
| Net assets without donor restrictions | -$158,210 |
| Net assets with donor restrictions | $11,432 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $278,226 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Film Prize Foundation Inc has recieved totaling $7,000.
| Awarding Organization | Amount |
|---|---|
Monteleone Family Foundation New Orleans, LA PURPOSE: GENERAL DONATION | $5,000 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Austin Film Society Austin, TX | $10,649,086 | $5,415,056 |
Austin Film Festival Inc Austin, TX | $1,971,197 | $2,811,402 |
Bffoundation Bentonville, AR | $329,044 | $1,253,355 |
Film Prize Foundation Inc Shreveport, LA | $278,226 | $842,166 |
Red River Film Society Inc Shreveport, LA | $3,219,020 | $1,069,891 |
Motion Media Arts Center Austin, TX | $1,044,155 | $668,816 |
New Orleans Video Access Center Inc New Orleans, LA | $172,461 | $745,448 |
Aurora Picture Show Houston, TX | $300,020 | $396,046 |
Ccff Austin, TX | $1,016,599 | $1,312,562 |
Arkansas Cinema Society Inc Little Rock, AR | $129,529 | $378,286 |
Houston Cinema Arts Society Houston, TX | $253,910 | $418,598 |
Okeefe Educational Media Gulfport, MS | $78,716 | $325,534 |