Nate Parker Foundation Inc
- Assets
- $6.0k
- Revenue
- $94.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Los Angeles, CA
- Founding
- 02/2016
- Data as of
- 12/2021
- EIN
- 47-3831544
Organization Overview
Nate Parker Foundation Inc is located in Los Angeles, CA. The organization was established in 2016. According to its NTEE Classification (A12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nate Parker Foundation Inc 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, Nate Parker Foundation Inc generated $94.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (32.7%) each year. All expenses for the organization totaled $212.5k during the year ending 12/2021. 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
THE NATE PARKER FOUNDATION (NPF) SEEKS TO EMPOWER YOUNG BLACK STORYTELLERS TO CHANGE CULTURE THROUGH FILM. NPF BREAKS BARRIERS IN THE FILM INDUSTRY BY DISRUPTING ESTABLISHED AVENUES TOWARD FILM PRODUCTION AND FOSTERING DIVERSITY BEHIND THE CAMERA. THE FOUNDATION WAS FOUNDED ON THE IDEA THAT DIVERSITY IN FILM DOES MORE THAN BENEFIT THE ENTERTAINMENT INDUSTRY; IT BENEFITS COMMUNITIES AROUND THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, NPF HELD ITS SUMMER FILM INSTITUTE SINCE COVID. THE ORGANIZATION ALSO SUCCESSFULLY COMPLETED YEAR 3 OF ITS HBCU STORYTELLERS PROGRAM. THIS PARTNERSHIP PROVIDES STUDENTS THE OPPORTUNITY TO LEARN THE ART OF FILMMAKING WHILE RECEIVING A CULTURALLY ENRICHING EDUCATIONAL EXPERIENCE THAT PREPARES THEM TO USE FILM AS A VEHICLE FOR RACIAL HEALING AND RECONCILIATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nate Parker Chairman | OfficerTrustee | 5 | $0 |
Jeffery Wallace Treasurer | OfficerTrustee | 8 | $0 |
Erika Mccall Secretary | OfficerTrustee | 3 | $0 |
Brian Favors Program Director | Officer | 40 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $94,580 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $94,580 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $94,580 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,400 |
| 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 | $75,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $6,548 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $109,500 |
| Advertising and promotion | $0 |
| Office expenses | $10,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,908 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $361 |
| All other expenses | $0 |
| Total functional expenses | $212,469 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,026 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $6,026 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Other liabilities | $617 |
| Total liabilities | $617 |
| Net assets without donor restrictions | $5,409 |
| Net assets with donor restrictions | $0 |
| 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 | $6,026 |
Grants Awarded
Over the last fiscal year, Nate Parker Foundation Inc has awarded $90,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
WILEY COLLEGE PURPOSE: SUPPORT THE NATE PARKER FILM SCHOOL | $75,000 |
CALIFORNIA SCIENCE CENTER PURPOSE: 2020 FILM PROGRAMMING | $15,000 |