Daisy May Films: FY2020 Nonprofit Profile & Form 990 (EIN 45-3792961)

Revenue by fiscal year
FY2020	$72K
FY2022	$63K
FY2023	$11K
FY2024	$15K

Expenses by fiscal year
FY2020	$35K
FY2022	$61K
FY2023	Not on file
FY2024	Not on file

Net assets by fiscal year
FY2020	$38K
FY2022	$41K
FY2023	$27K
FY2024	$3K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 2012.

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

Where the money goes

97 cents of each dollar spent went to programs.

97%

Program services 97% · $34K Management & general 3% · $953

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

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Who runs it and what they're paid

2 people listed on the 990.

Part VII, Section A · reportable compensation

Mercedes Kane

President

$0Pt VII · Sec A

Sanghoon Lee

Treasurer

$0Pt VII · Sec A

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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

Creates socially driven films for people to share their stories, educating and inspiring action.

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Provided by the organization

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1 program · $34K · in their own filed words · FY2020

01

Film Production Costs

Documentary film production in progress for art and pep (WWW.ARTANDPEP.ORG). Costs associated with production include equipment costs, contractor hiring, travel, etc.

$34Kprogram expense

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 · FY2021

The Chicago Community TrustFY2021$20K

Total grants receivedfrom 1 funder$20K

By the numbers

The FY2020 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$72K

Ln 12

Gifts and grantsLn 1h$72K

Money outPt IX

$35K

Ln 25

Programscol B$34K

Managementcol C$953

Owns and owesPt X

$38K

net assets · Ln 32

Cash and savingsLn 1–2$38K

Total assetsLn 16$38K

LiabilitiesLn 26$0

PeoplePt VI, VII

2

listed · VII A

PaidVII A0

Voting boardVI 1a1

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$72K

Total revenueLn 12$72K

Assets in detailPt X, end of year

CashLn 1$38K

Cash and savings togetherLn 1–2$38K

Total assetsLn 16$38K

LiabilitiesLn 26$0

Net assetsLn 32$38K

OperationsPt I, VI

EmployeesI 50

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$1K	$38K
Total assetsLn 16	$1K	$38K
LiabilitiesLn 26	$0	$0
Net assetsLn 32	$1K	$38K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Office expensesLn 13	$378		$378
TravelLn 17	$575		$575
Depreciation, depletion and amortizationLn 22	$915	$915
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$31K	$31K
Total functional expensesLn 25	$35K	$34K	$953	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$15K			$3K	990 PDF
FY2023	$11K			$27K	990 PDF
FY2022	$63K	$61K	$2K	$41K	990 PDF
FY2021	Not on file
FY2020 Viewing	$72K	$35K	$37K	$38K	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 FY2020 990 (6 parts)

Part I · Summary $71,750 revenue, 12 lines filed

I-8 Contributions and grants$71,750

I-9 Program service revenue$0

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$71,750

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$0

I-16a Professional fundraising fees$0

I-17 Other expenses$34,912

I-18 Total expenses$34,912

I-19 Revenue less expenses$36,838

Part VI · Governance 0 of 1 board members independent, 2 to look at

VI-1a Voting members of the governing body1

VI-1b Independent voting members0

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $71,750 across 3 lines filed

VIII-1f All other contributions, gifts and grants$71,750

VIII-1h Total contributions, gifts and grants$71,750

VIII-12 Total revenue$71,750

Part IX · Statement of functional expenses $34,912 across 5 lines filed

IX-13 Office expensesManagement $378$378

IX-17 TravelManagement $575$575

IX-22 Depreciation, depletion and amortizationPrograms $915$915

IX-23 InsurancePrograms $1,991$1,991

IX-24 Other expenses (24a–d)Programs $31,053$31,053

IX-25 Total functional expensesPrograms $33,959 · Management $953 · Fundraising $0$34,912

Part X · Balance sheet $38,207 assets, 6 lines filed

X-1 Cash, non-interest-bearingStart of year $1,369$38,207

X-16 Total assetsStart of year $1,369$38,207

X-26 Total liabilitiesStart of year $0$0

X-27 Net assets without donor restrictionsStart of year $1,369$38,207

X-32 Total net assets or fund balancesStart of year $1,369$38,207

X-33 Total liabilities and net assetsStart of year $1,369$38,207

Part XI · Reconciliation of net assets $38,207 net assets at year end

XI-1 Total revenue$71,750

XI-2 Total expenses$34,912

XI-3 Revenue less expenses$36,838

XI-4 Net assets at start of year$1,369

XI-10 Net assets at end of year$38,207

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Daisy May Films FY2020 filing

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