Visual Communications Media FY2023 filing

Tax-deductible

Los Angeles, CA501(c)(3)Social ScienceEIN 23-7108393

To develop and support the voices of asian american and pacific islander filmmakers and media artists who empower communities and challenge perspectives.

501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$91K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $220K a year · 17% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
72%
of spending
Fine: 72% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$91K
to officers and key staff · 7% of spending
Looks good: pay to officers and key staff is 7% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
10
named funders · $728K
Looks good: 10 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$453K
34% of total assets
Looks good: liabilities are 34% of assets; 50% or less.
Pt X · Ln 26
Independent board members
12
of 12 voting members
Looks good: 12 of 12 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.2M
+13% vs prior year
Spent
$1.3M
To programs
72%
Net assets
$862K
By yearFY2020–FY2024
Revenue
$1.2M
FY2023▲ +13%
Revenue by fiscal year
FY2020$698K
FY2021$1.5M
FY2022$1.0M
FY2023$1.2M
FY2024$2.0M
Expenses
$1.3M
FY2023▲ +34%
Expenses by fiscal year
FY2020$609K
FY2021$799K
FY2022$986K
FY2023$1.3M
FY2024$1.6M
Net assets
$862K
FY2023▼ -12%
Net assets by fiscal year
FY2020$261K
FY2021$980K
FY2022$976K
FY2023$862K
FY2024$1.3M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 1972.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

72 cents of each dollar spent went to programs.

Program services 72% · $952K Management & general 28% · $374K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $91K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir.
$90,750Pt VII · Sec A
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Francis Cullado’s $100K as Executive Dir. is at the 10th percentile of top reported officer pay among 145 $1–10M social science nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2020
Francis Cullado$100,500$90,750$84,750$72,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Asian American and Pacific Islander filmmakers and media artists to share their stories and perspectives.

Provided by the organization

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3 program services account for $846K of program spending, described in the organization's own filed words · FY2023.
01

Film Fest (presentation)

The los angeles asian pacific film festival is an 8-DAY showcase of asian american filmmakers that takes place every may in los angeles and screens over 150 films from around the world.

$393Kprogram expense
02

Fiscal Sponsorship

The organziation supports film projects and productions, providing administrative services and oversight to the activities of artists and individuals engaged in work that furthers the mission.

$292Kprogram expense
03

Preservation of Historical Photos

The organization holds an extensive repository of asian pacific american history through photographs and moving image archives.

$161Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 10 funders →

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$1.2M
Ln 12
Gifts and grantsLn 1h$1.0M
Fees for servicesLn 2g$154K
Investment incomeLn 3$6K
Money outPt IX
$1.3M
Ln 25
Programscol B$952K
Managementcol C$374K
Owns and owesPt X
$862K
net assets · Ln 32
Cash and savingsLn 1–2$521K
Total assetsLn 16$1.3M
LiabilitiesLn 26$453K
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.0M
Government grantsLn 1e$340K
Fees for servicesLn 2g$154K
Investment incomeLn 3$6K
Other incomeLn 4–11$5K
Gains on assetsLn 7−$2K
Total revenueLn 12$1.2M
Assets in detailPt X, end of year
CashLn 1$57K
SavingsLn 2$463K
Cash and savings togetherLn 1–2$521K
InvestmentsLn 11–13$344K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$393K
Total assetsLn 16$1.3M
LiabilitiesLn 26$453K
Net assetsLn 32$862K
OperationsPt I, VI
EmployeesI 516
VolunteersI 6280
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$450K$521K
InvestmentsLn 11–13$297K$344K
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$1.3M$1.3M
LiabilitiesLn 26$320K$453K
Net assetsLn 32$976K$862K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$91K$27K$64K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$242K$162K$80K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$26K$26K
Payroll taxesLn 10$94K$38K$55K
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$21K$21K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$5K$5K
Advertising and promotionLn 12$856$786$70
Office expensesLn 13$19K$2K$17K
Information technologyLn 14$3K$3K
RoyaltiesLn 15$0
OccupancyLn 16$32K$32K
TravelLn 17$23K$17K$6K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$12K$12K
Other expenses (24a–d)Ln 24$726K$694K$33K
All other expensesLn 24e$32K$10K$21K
Total functional expensesLn 25$1.3M$952K$374K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $2.0M$1.6M$418K$1.3M 990 PDF
FY2023 Viewing $1.2M$1.3M−$156K$862K 990 PDF
FY2022 $1.0M$986K$51K$976K 990 PDF
FY2021 $1.5M$799K$700K$980K 990 PDF
FY2020 $698K$609K$89K$261K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (4 parts)
Part VIII · Statement of revenue $1,169,936 across 11 lines filed
Lines not itemized here account for $5,057 of total revenue; see the IRS return.
VIII-1e Government grants$340,405
VIII-1f All other contributions, gifts and grants$664,483
VIII-1h Total contributions, gifts and grants$1,004,888
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $152,507$152,507
VIII-3 Investment incomeExcluded from tax $8,053$8,053
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$2,200−$2,200
VIII-8 Net income from fundraising events$0
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,631$1,631
VIII-12 Total revenueRelated to mission $154,435 · Excluded from tax $10,613$1,169,936
Part IX · Statement of functional expenses $1,325,754 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $27,225 · Management $63,525$90,750
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $162,302 · Management $79,629$241,931
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsManagement $25,663$25,663
IX-10 Payroll taxesPrograms $38,314 · Management $55,328$93,642
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $20,825$20,825
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $4,723$4,723
IX-12 Advertising and promotionPrograms $786 · Management $70$856
IX-13 Office expensesPrograms $2,105 · Management $16,654$18,759
IX-14 Information technologyManagement $3,280$3,280
IX-15 Royalties$0
IX-16 OccupancyManagement $31,879$31,879
IX-17 TravelPrograms $17,168 · Management $5,811$22,979
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $12,324$12,324
IX-24 Other expenses (24a–d)Programs $693,602 · Management $32,672$726,274
IX-24e All other expensesPrograms $10,486 · Management $21,383$31,869
IX-25 Total functional expensesPrograms $951,988 · Management $373,766 · Fundraising $0$1,325,754
Part X · Balance sheet $1,315,231 assets, 21 lines filed
X-1 Cash, non-interest-bearingStart of year $36,638$57,259
X-2 Savings and temporary cash investmentsStart of year $413,156$463,298
X-3 Pledges and grants receivableStart of year $266,640$51,046
X-4 Accounts receivable$0
X-8 Inventories for sale or useStart of year $6,235$6,235
X-9 Prepaid expenses and deferred chargesStart of year $285$285
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securitiesStart of year $297,149$344,429
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assetsStart of year $275,907$392,679
X-16 Total assetsStart of year $1,296,010$1,315,231
X-17 Accounts payable and accrued expensesStart of year $13,016$18,992
X-19 Deferred revenueStart of year $20,000$36,250
X-25 Other liabilitiesStart of year $13,051$7,080
X-26 Total liabilitiesStart of year $320,303$453,329
X-27 Net assets without donor restrictionsStart of year $838,426$811,152
X-28 Net assets with donor restrictionsStart of year $137,281$50,750
X-32 Total net assets or fund balancesStart of year $975,707$861,902
X-33 Total liabilities and net assetsStart of year $1,296,010$1,315,231
Part XI · Reconciliation of net assets $861,902 net assets at year end
XI-1 Total revenue$1,169,936
XI-2 Total expenses$1,325,754
XI-3 Revenue less expenses−$155,818
XI-4 Net assets at start of year$975,707
XI-5 Net unrealized gains (losses) on investments$42,012
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$861,902

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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