FILM PRIZE FOUNDATION INC

EIN: 352433985 501(c)(3) Arts, Culture & Humanities

SHREVEPORT, LA

Total Revenue
$1,497,474
Total Expenses
$1,647,144
Total Assets
$160,917
Net Assets
$-445,805
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
LA
Principal Officer
GREGORY KALLENBERG
Phone
3182136437
Tax Period
2023-01-01 to 2023-12-31

FILM PRIZE FOUNDATION INC, founded in 2012, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.5M in total revenue in fiscal year 2023. Revenue surged 30% from the prior year, signaling strong growth momentum.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,237,161
Program Service Revenue $250,650
Investment Income $640
Other Revenue $9,023
TOTAL REVENUE $1,497,474

Expense Breakdown

Grants Paid $106,939
Salaries & Benefits $392,980
Fundraising Expenses $0
Program Expenses $1,378,470
Other Expenses $1,147,225
TOTAL EXPENSES $1,647,144

Year-over-Year Comparison

2023 2022 Change
Revenue $1,497,474 $1,148,273 +0.3%
Expenses $1,647,144 $1,440,711 +0.1%
Net Income $-149,670 $-292,438 -0.5%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
5
Employees
11
Volunteers
200

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$58,332
Total Directors
5
$9,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HEIDI KALLENBERG DIRECTOR 0.10
Director
$9,000 $0 $9,000
DAVID HYLAN DIRECTOR 0.10
Director
$0 $0 $0
JAZMIN JERMIGAN DIRECTOR 0.10
Director
$0 $0 $0
MIKE COPPER DIRECTOR 0.10
Director
$0 $0 $0
TAYLOR JAMISON DIRECTOR 0.10
Director
$0 $0 $0
GREGORY KALLENBERG EXECUTIVE DIRECTOR 25.00
Officer
$58,332 $0 $58,332
RHONDA BUTLER TREASURER 0.10
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $1,497,474 $1,647,144 $160,917 $-149,670
2022 $1,148,273 $1,440,711 $170,494 $-292,438
2021 $842,166 $835,346 $278,226 $6,820
2020 $542,327 $417,655 $259,390 $124,672
2019 $762,888 $839,455 $7,024 $-76,567
2018 $895,681 $962,479 $22,147 $-66,798
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