Visual Effects Society FY2021 filing

Tax-deductible

Sherman Oaks, CA501(c)(3)EducationEIN 95-4610023

See attached

501(c)(3) charity; gifts are tax-deductible.
86¢ of each $1 spent went to programs.
$206K 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

FY2021 · 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 $508K a year · 17% 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
86%
of spending
Looks good: 86% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$206K
to officers and key staff · 11% of spending
Looks good: pay to officers and key staff is 11% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
15 mo
of spending, in cash
Looks good: 15.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $32
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$263K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
30
of 30 voting members
Looks good: 30 of 30 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+2% vs prior year
Spent
$1.9M
To programs
86%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$2.5M
FY2021▲ +2%
Revenue by fiscal year
FY2020$2.4M
FY2021$2.5M
FY2022$3.2M
FY2023$3.1M
FY2024$3.7M
Expenses
$1.9M
FY2021▼ -9%
Expenses by fiscal year
FY2020$2.1M
FY2021$1.9M
FY2022$2.6M
FY2023$2.8M
FY2024$3.0M
Net assets
$2.6M
FY2021▲ +28%
Net assets by fiscal year
FY2020$2.0M
FY2021$2.6M
FY2022$3.2M
FY2023$3.5M
FY2024$4.2M

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 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 Mar 1998.

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

Where the money goes

86 cents of each dollar spent went to programs.

Program services 86% · $1.6M Management & general 14% · $274K

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

Who runs it and what they're paid

37 people listed on the 990; $206K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$206,041Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Alternate Director
$0Pt VII · Sec A
$0Pt VII · Sec A
1st Vice-Chair
$0Pt VII · Sec A

Ward Nancy’s $231K as Executive Director is at the 89th percentile of top reported officer pay among 3395 $1–10M education 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 · 2 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Ward Nancy$231,231$209,623$21,635——
Roth Eric——$206,041$206,041$213,966

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.

See Visual Effects Society 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 15aYes

Programs and updates

Visual Effects Society is an education nonprofit based in Sherman Oaks, CA.

Provided by the organization

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1 program service account for $1.6M of program spending, described in the organization's own filed words · FY2021.
01

See attached

$1.6Mprogram 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 · FY2023
Total grants receivedfrom 1 funder$32

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Fees for servicesLn 2g$1.6M
Gifts and grantsLn 1h$861K
Other incomeLn 4–11$10K
Money outPt IX
$1.9M
Ln 25
Programscol B$1.6M
Managementcol C$274K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$2.8M
LiabilitiesLn 26$263K
PeoplePt VI, VII
37
listed · VII A
PaidVII A1
Voting boardVI 1a30
IndependentVI 1b30
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$861K
Fees for servicesLn 2g$1.6M
Investment incomeLn 3$6K
Other incomeLn 4–11$10K
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$1.3M
Cash and savings togetherLn 1–2$2.4M
Land, buildings, equipmentLn 10c$20K
Other assetsLn 15$7K
Total assetsLn 16$2.8M
LiabilitiesLn 26$263K
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 511
VolunteersI 620
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$1.9M$2.4M
Land, buildings, equipmentLn 10c$22K$20K
Total assetsLn 16$2.2M$2.8M
LiabilitiesLn 26$165K$263K
Net assetsLn 32$2.0M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$206K$161K$45K$0
Other salaries and wagesLn 7$497K$389K$109K$0
Pension plan contributionsLn 8$20K$16K$4K$0
Other employee benefitsLn 9$35K$27K$8K$0
Payroll taxesLn 10$53K$41K$12K$0
Accounting feesLn 11c$41K$32K$9K$0
Other fees for servicesLn 11g$652K$619K$33K$0
Office expensesLn 13$4K$3K$935$0
Information technologyLn 14$5K$4K$1K$0
OccupancyLn 16$96K$75K$21K$0
TravelLn 17$407$407$0$0
Conferences, conventions and meetingsLn 19$4K$4K$0$0
Depreciation, depletion and amortizationLn 22$5K$4K$1K$0
InsuranceLn 23$25K$18K$7K$0
All other expensesLn 24e$274K$251K$23K$0
Total functional expensesLn 25$1.9M$1.6M$274K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.7M$3.0M$742K$4.2M 990 PDF
FY2023 $3.1M$2.8M$324K$3.5M 990 PDF
FY2022 $3.2M$2.6M$601K$3.2M 990 PDF
FY2021 Viewing $2.5M$1.9M$564K$2.6M 990 PDF
FY2020 $2.4M$2.1M$307K$2.0M 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $2,487,198 across 8 lines filed
Lines not itemized here account for $394,533 of total revenue; see the IRS return.
VIII-1b Membership dues$852,820
VIII-1f All other contributions, gifts and grants$8,640
VIII-1h Total contributions, gifts and grants$861,460
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$1,215,053
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $0$6,003
VIII-5 RoyaltiesRelated to mission $9,915 · Unrelated business $0 · Excluded from tax $0$9,915
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $234 · Unrelated business $0 · Excluded from tax $0$234
VIII-12 Total revenueRelated to mission $1,625,738 · Unrelated business $0 · Excluded from tax $0$2,487,198
Part IX · Statement of functional expenses $1,923,260 across 16 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $160,992 · Management $45,049 · Fundraising $0$206,041
IX-7 Other salaries and wagesPrograms $388,630 · Management $108,747 · Fundraising $0$497,377
IX-8 Pension plan contributionsPrograms $15,895 · Management $4,448 · Fundraising $0$20,343
IX-9 Other employee benefitsPrograms $27,252 · Management $7,625 · Fundraising $0$34,877
IX-10 Payroll taxesPrograms $41,385 · Management $11,581 · Fundraising $0$52,966
IX-11c Accounting feesPrograms $31,676 · Management $8,864 · Fundraising $0$40,540
IX-11g Other fees for servicesPrograms $618,820 · Management $33,327 · Fundraising $0$652,147
IX-13 Office expensesPrograms $3,341 · Management $935 · Fundraising $0$4,276
IX-14 Information technologyPrograms $4,076 · Management $1,055 · Fundraising $0$5,131
IX-16 OccupancyPrograms $75,029 · Management $20,995 · Fundraising $0$96,024
IX-17 TravelPrograms $407 · Management $0 · Fundraising $0$407
IX-19 Conferences, conventions and meetingsPrograms $3,683 · Management $0 · Fundraising $0$3,683
IX-22 Depreciation, depletion and amortizationPrograms $3,906 · Management $1,093 · Fundraising $0$4,999
IX-23 InsurancePrograms $18,457 · Management $6,748 · Fundraising $0$25,205
IX-24e All other expensesPrograms $250,998 · Management $23,246 · Fundraising $0$274,244
IX-25 Total functional expensesPrograms $1,649,547 · Management $273,713 · Fundraising $0$1,923,260
Part X · Balance sheet $2,829,761 assets, 15 lines filed
X-1 Cash, non-interest-bearingStart of year $797,099$1,105,703
X-2 Savings and temporary cash investmentsStart of year $1,080,598$1,334,552
X-4 Accounts receivableStart of year $208,292$314,590
X-9 Prepaid expenses and deferred chargesStart of year $51,852$48,379
X-10c Land, buildings and equipment, netStart of year $21,601$20,006
X-15 Other assetsStart of year $8,342$6,531
X-16 Total assetsStart of year $2,167,784$2,829,761
X-17 Accounts payable and accrued expensesStart of year $37,566$64,044
X-19 Deferred revenueStart of year $103,740$174,960
X-25 Other liabilitiesStart of year $23,558$23,899
X-26 Total liabilitiesStart of year $164,864$262,903
X-27 Net assets without donor restrictionsStart of year $2,001,512$2,566,858
X-28 Net assets with donor restrictionsStart of year $1,408$0
X-32 Total net assets or fund balancesStart of year $2,002,920$2,566,858
X-33 Total liabilities and net assetsStart of year $2,167,784$2,829,761
Part XI · Reconciliation of net assets $2,566,858 net assets at year end
XI-1 Total revenue$2,487,198
XI-2 Total expenses$1,923,260
XI-3 Revenue less expenses$563,938
XI-4 Net assets at start of year$2,002,920
XI-10 Net assets at end of year$2,566,858

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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