Video Veracity INC FY2020 filing

Tax-deductible

New Orleans, LA501(c)(3)Arts & CultureEIN 72-1246350Revenue $349K in FY2020

On file with the IRSvideoveracity.org3020 Royal St, 70117-6741 · New Orleans, LATax-exempt since Jan 1994Publicly supported — 509(a)(2)

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Support and encourage the creation and distribution of independent educational documentary programming not traditionally supported by commercial financing, for regional, national, and international audiences via film festivals, broadcasts, cablecasts, streaming, and other means of distribution.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
5 of 5
filings with a surplus
Average surplus $0 a year · under 1% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $404K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$239K
100% of total assets
Concern: liabilities are 100% of assets; over 80%.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$349K
Spent
$349K
To programs
100%
Net assets
$0
By yearFY2020–FY2024
Revenue
$349K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$349K
FY2021$316K
FY2022$552K
FY2023$990K
FY2024$1.2M
Expenses
$349K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$349K
FY2021$316K
FY2022$552K
FY2023$990K
FY2024$1.2M
Net assets
$0
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$0
FY2021$0
FY2022$0
FY2023$0
FY2024$0

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 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 Jan 1994.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $349K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Video Veracity INC executive salaries →

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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 15aNo

Programs and updates

Fund and distribute independent educational documentaries to diverse audiences through various platforms.

Provided by the organization

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1 program · $349K · in their own filed words · FY2020
01

Video Veracity made regrants to these non-profit educational documentary film & television projects (and film support & distribution groups) that will or are collectively reaching audiences numbering in the hundreds of thousands, or in some cases millions, via film festivals, broadcasts, cablecasts, online streaming & other distribution…

$349Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
See all 8 funders →
Grants paid · 60 grants · $3.0M · 2020–2024
Unitemized GrantFY2024$163,000
Commuted Film LLCFY2024$102,900
War Room Documentary LLCFY2024$72,668
Roleplay LLCFY2024$70,068
Natchez Film LLCFY2024$64,304
Claiborne Ave History Project LLCFY2024$51,081
Disco Smile ProductionsFY2024$49,980
Serendipity FilmsFY2024$49,841
Broad and Orleans Productions LLCFY2024$29,400
Rudiments LLCFY2024$26,225
Native Resonance Productions LLCFY2024$20,129
Kinfolk Partners LLCFY2024$19,600
TuckergurlFY2024$9,800
Solidarity LLCFY2024$5,800
Risk Master LPFY2023$294,000
Gusto Moving Pictures LLCFY2023$167,580
Unitemized GrantFY2023$124,263
Lunch Money Films LLCFY2023$98,000
See all 60 grants →

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$349K
Ln 12
Gifts and grantsLn 1h$349K
Money outPt IX
$349K
Ln 25
Programscol B$349K
Owns and owesPt X
$0
net assets · Ln 32
Cash and savingsLn 1–2$239K
Total assetsLn 16$239K
LiabilitiesLn 26$239K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$349K
Government grantsLn 1e$10K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$349K
Assets in detailPt X, end of year
CashLn 1$239K
Cash and savings togetherLn 1–2$239K
Total assetsLn 16$239K
LiabilitiesLn 26$239K
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$341K$239K
Total assetsLn 16$341K$239K
LiabilitiesLn 26$341K$239K
Net assetsLn 32$0$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$268K$268K
Grants to domestic individualsLn 2$73K$73K
Grants and assistance to foreign recipientsLn 3$0
Management feesLn 11a$5K$5K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$66$66
Information technologyLn 14$164$164
Other expenses (24a–d)Ln 24$511$511$0$0
Total functional expensesLn 25$349K$349K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $1.2M$1.2M$0$0 990 PDF
FY2023 $990K$990K$0$0 990 PDF
FY2022 $552K$552K$0$0 990 PDF
FY2021 $316K$316K$0$0 990 PDF
FY2020 Viewing $349K$349K$0$0 990 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 $349,390 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $712,628$349,390
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $712,628$349,390
I-13 Grants and similar amounts paidPrior year $695,944$341,229
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $16,684$8,161
I-18 Total expensesPrior year $712,628$349,390
I-19 Revenue less expensesPrior year $0$0
Part VI · Governance 4 of 4 board members independent, 4 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $349,390 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$339,390
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$349,390
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$349,390
Part IX · Statement of functional expenses $349,390 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $268,288$268,288
IX-2 Grants to domestic individualsPrograms $72,941$72,941
IX-3 Grants and assistance to foreign recipients$0
IX-11a Management feesPrograms $4,985$4,985
IX-11c Accounting feesPrograms $2,435$2,435
IX-12 Advertising and promotionPrograms $66$66
IX-14 Information technologyPrograms $164$164
IX-24 Other expenses (24a–d)Programs $511 · Management $0 · Fundraising $0$511
IX-25 Total functional expensesPrograms $349,390 · Management $0 · Fundraising $0$349,390
Part X · Balance sheet $239,256 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $340,926$239,256
X-16 Total assetsStart of year $340,926$239,256
X-17 Accounts payable and accrued expensesStart of year $11,505$11,490
X-18 Grants payableStart of year $329,421$227,766
X-26 Total liabilitiesStart of year $340,926$239,256
X-32 Total net assets or fund balancesStart of year $0$0
X-33 Total liabilities and net assetsStart of year $340,926$239,256
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$349,390
XI-2 Total expenses$349,390
XI-3 Revenue less expenses$0
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

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

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