Sourceflix INC EIN 26-3447877 Form 990 (PDF) Claim this org

Sourceflix INC FY2023 filing

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Promotes the Holy Bible and educates the public through media. For fiscal year 2023 it reported $292K in revenue, $240K in expenses, and $497K in net assets.Pt I

Type
Public charity (501(c)(3)) · International
Location
Brigham City, UT
Website
www.sourceflix.com
Filings
5 on file (2020–2023)
Revenue
$292KFY2023
Expenses
$240K
Net assets
$497K
People
2
Filings
5
Updates
0
More identity details & actions ⌄
EIN  26-3447877 Public charity (501(c)(3)) Brigham City, UT
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Promotes the Holy Bible and educates the public through media.
Leadership
Joel Kramer · Executive Director · $72K
Money in and out
$292K revenue, $240K expenses
Bottom line
100% program efficiency
Where the money goes · FY2023
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$497K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $52K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
24.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+18%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$292K
FY2023▲ +81%
Expenses
$240K
FY2023▲ +18%
Total assets
$497K
FY2023▲ +12%
Total liabilities
$0
FY2023
Total revenue
$292K
Pt VIII · Ln 12
Total expenses
$240K
Pt IX · Ln 25
Net assets
$497K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$52K
Total assetsPt X · Ln 16$497K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 37
Independent voting membersPt I · Ln 47

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSourceflix INC
EINHdr · item D26-3447877
Principal addressHdr · item CBrigham City, UT
WebsiteHdr · item Jwww.sourceflix.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MUT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFInternational (Q30)
Ruling yearIRS BMFApr 2009

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a7
Independent voting membersPt VI · Ln 1b7
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$72,360Pt VII · Sec A
Co Chairman Treasurer
$0Pt VII · Sec A

Joel Kramer’s $72K as Executive Director is at the 66th percentile of top reported officer pay among 1637 $100K–1M international 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

NameFY2024FY2023FY2022FY2021FY2020
Joel Kramer$72,360$72,360$67,315$48,000$48,000

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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Mission & Programs · Part III

Where the work happens

1 program service account for $240K of program spending, described in the organization's own filed words · FY2023.
01

To promote the holy bible using media productions

$240Kprogram expense

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Statement of Revenue

Part VIII
Other revenue$157K · 54%
Contributions & grants$81K · 28%
Program service revenue$54K · 19%
Other revenue54%$157K
Contributions & grants28%$81K
Program service revenue19%$54K
Investment income$2
Total revenueLn 12$292K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$240K
Total functional expensesLn 25$240K

Balance Sheet

Part X · end of year
CashLn 1$491K
Total assetsLn 16$497K
Total liabilitiesLn 26$0
Total net assetsLn 32$497K
Months of cash on handcomputed24.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $491K · Operating expenses/yr $240K
24.6 months
Where the money goes
Program services
Program services $240K · Total expenses $240K
100%
Management & General
Management & general $0 · Total expenses $240K
0%
Fundraising
Fundraising $0 · Total expenses $240K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $119K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $81K · Total revenue $292K
28%
Government reliance
Government grants — · Total revenue $292K
Earned-income share
Program service revenue $54K · Total revenue $292K
19%
Investment reliance
Investment income $2 · Total revenue $292K
<0.01%
Program self-sufficiency
Program service revenue $54K · Total expenses $240K
23%
Growth & trend
Revenue growth (YoY)
This year $292K · Prior year $161K
+81%
Net-asset trend (YoY)
End of year $497K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $292K · Expenses $240K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $497K
Net-asset ratio
Net assets $497K · Total assets $497K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $497K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joel Kramer · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $72K · Total expenses $240K
30%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $240K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Fundraising cost ratio 0%
Revenue growth 81%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$25K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$630K revenue · ⤓ 990 PDF
FY2023$292K revenue · viewing · ⤓ 990 PDF
FY2022$161K revenue · ⤓ 990 PDF
FY2021$214K revenue · ⤓ 990 PDF
FY2020$152K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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