Nate Parker Foundation Inc

The information for Nate Parker Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Los Angeles, CA. It has been in existence for 5 years, following its founding in 2016.

Organization Classification

The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.

The Nate Parker Foundation Inc's NTEE code is A12. The "A" tells us that the organization is classified within the Arts, Culture & Humanities major group area. The "12" tells us that the organization is involved in Fund Raising & Fund Distribution. The NTEE describes Fund Raising & Fund Distribution organizations as those that raise and distribute funds for multiple organizations within the Arts, Culture, and Humanities major group area.

Every organization is also governed by a specific section of the Internal Revenue Code. This organization happens to be a 501(c)(3) organization. The IRS describes these organizations as those engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work.

Perhaps the most accurate way to get a sense of what the organization hopes to achieve is by looking at its mission. The mission of the Nate Parker Foundation is to empower young black storytellers to change culture through film. The foundation aims to break barriers in the film industry by disrupting established avenues toward film production and fostering diversity behind the camera. The foundation believes that diversity in film goes beyond benefiting the entertainment industry but also benefits communities around the world.

Program Areas

In 2021, NPF held its Summer Film Institute and successfully completed year 3 of its HBCU Storytellers Program within the general fund. These programs provide students the opportunity to learn filmmaking and receive a culturally enriching educational experience that promotes racial healing and reconciliation.

Organization Staffing

Nate Parker Foundation Inc has 1 employee, who was not paid more than $100k according to the organization's most recent 990 tax filing. Supporting the paid staff are 20 volunteers.

Board Governance

The Nate Parker Foundation Inc appears to be well-governed based on the information provided. The organization has a small but effective board of three voting members, all of whom are independent. This ensures that decisions are made in the best interest of the organization without any potential conflicts of interest. Additionally, the organization has a conflict of interest policy in place, requiring disclosure of any conflicts and ensuring transparency in decision-making processes. The documentation of board and committee meetings further demonstrates the organization's commitment to good governance. By keeping records of these meetings, the organization ensures accountability and transparency in its decision-making processes. The presence of a whistleblower policy and a document retention policy also indicates that the organization values ethics and accountability. Furthermore, the Nate Parker Foundation Inc substantiates and reviews leadership salaries, ensuring that compensation is reasonable and justifiable. While the information provided does not specify whether officer's salaries are also reviewed, the fact that the organization has implemented various governance policies suggests a commitment to responsible financial management. Overall, the Nate Parker Foundation Inc appears to be well-governed, with a focus on transparency, accountability, and ethical practices. The organization's adherence to governance policies and procedures ensures that it operates in the best interest of its mission and stakeholders.

Grant History

Our dataset includes one year of grant history for the Nate Parker Foundation Inc. In this year, they have awarded two grants, with an average check size of $45,000. Both grants were awarded in the Arts, Culture & Humanities sector. Additionally, the organization has awarded one grant in Texas and one grant in California.

Organization Growth

The Nate Parker Foundation Inc has experienced a decrease in contributions and grants received, total revenue, and total expenses over the given time period from 2016 to 2021. The organization received $1.0M in contributions and grants in 2016, which decreased to $94.6K in 2021. Similarly, the total revenue decreased from $1.0M in 2016 to $94.6K in 2021. The total expenses also decreased from $381.9K in 2016 to $212.5K in 2021. However, it is important to note that the organization did not have any meaningful data for investment income, grants paid, employee salaries, total employees, and total volunteers over this time period. Therefore, it is unclear whether the organization has grown in terms of these specific aspects.