Filmscape Chicago Inc

Nonprofit profile at a glance

EIN
833877890
IRS 990-EZ coverage
2022–2024
Forms available
Form 990-EZ 2024, Form 990-N 2021
Location
Chicago, IL, USA
Phone
7064242759
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Film, Video

Official website

Reported finances

Revenue
$62,152
Expenses
$79,106
Assets
$11,819
Liabilities
$226,924

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

11 people listed

Executive titles in this filing

  • NED MCGREGOR (PRESIDENT)

People named in this filing

  • NED MCGREGOR (PRESIDENT)
  • JOE LYONS (BOARD MEMBER)
  • COLETTE GABRIEL (SECRETARY)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Filmscape chicago brings together filmmakers, artists, technicians, and students from across chicago and the greater midwest for two days of networking, education, and training - all completely for free.

What it reported doing in 2024

Filmscape chicago conference - through a free annual conference and trade show, filmscape chicago educates the midwestern film and television community in the latest industry technology, provides opportunities to acquire and hone the skills necessary to compete, and builds community connections.

Operating model

Revenue model
Earned-program. 72% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 81
  • Transparency & Controls: 100
  • Sustainability: 14
  • Growth: 20

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 88.4%; rating input score 88
  • Program expense ratio: 69.4%; rating input score 69

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -27.3%; rating input score 19; 19th percentile among comparable filings
  • Total-asset coverage ratio: 0.15; rating input score 14; 14th percentile among comparable filings
  • Liabilities to assets ratio: 19.2; rating input score 1; 1st percentile among comparable filings
  • Officer compensation ratio: 26.2%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: -14.3% per year; rating input score 0; 22nd percentile among comparable filings
  • Revenue growth: -8.4% per year; rating input score 0; 27th percentile among comparable filings
  • Asset growth: 29.9% per year; rating input score 100; 91st percentile among comparable filings

Details

  • Where the money goes: 88.4% of revenue deployed · 69.4% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $55K in reported program spending
  • Leadership: top reported pay $0 · 11 people listed
  • Consistency: 9 of 9 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Operating margin scored 19/100.
  • High — Sustainability: Total-asset coverage ratio scored 14/100.
  • High — Sustainability: Liabilities to assets ratio scored 1/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.