Video Veracity Inc

Nonprofit profile at a glance

EIN
721246350
IRS 990 coverage
2020–2024
Forms available
Form 990 2024
Location
New Orleans, LA, USA
Phone
5049480008
Rating
79
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Film, Video

Reported finances

Revenue
$1,200,745
Expenses
$1,200,745
Assets
$526,496
Liabilities
$526,496

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

Leadership & pay

4 people listed

Executive titles in this filing

  • Tim Watson (President)

People named in this filing

  • Tim Watson (President)
  • Rebecca Snedeker (Officer)
  • Amy Nesbitt (Officer)

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

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

Overview

Mission

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.

What it reported doing in 2024

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, disc-based distribution, classroom exhibition, and theatrical showings: BE, a film on the fate of StudioBE in New Orleans, received $46,387 and continued in production; COFFEE, a film that delves into this poignant reunion between a mother and daughter separated at birth, received $49,980 and continued in production; Commuted, a film tracing a journey to find purpose and love and confronting the wounds of incarceration after release from prison, received $102,900 and continued in production and distribution; Last Days of the Hummingbird Grill, a film on the history of a famous diner and the stories of New Orleans it told, received $22,867 and continued in production; Kinfolk, a film on Southern White femininity, revealing its beauty, contradictions and despair, received $19,600 and continued in production; Natchez, a film that explores history and memory in the American South, received $64,108 and continued in production; Rudiments, a film following the New Orleans Roots of Music education program for 9-14 year olds, received $33,810 and continued in production; Talking Tiki, a film exploring contemporary tropical bar culture and the people who are reckoning with Tiki's past and pushing the style forward, received $32,695 and continued in production; Roleplay, a film on sexual assault awareness on college campuses, received $66,715 and continued in production and distribution; Unlearned, a film exploring the battle over history class and the flood of laws rewriting the American story, received $73,500 and continued in production; Untitled Bankruptcy Project, a film on church bankruptcies, received $24,500 and continued in development; War Room, a film on the 2024 elections and history, received $196,000 and continued in development and production; The Claiborne Avenue History Project, a film on one of New Orleans' famous largely African-American business and residential corridors that was highly affected by construction of Interstate 10 in the 1960s, received $45,180 and continued in production; Free For All, a film on the history of the public library, received $70,538 and continued in production; Give Light, a film on midwives, received $132,300 and continued in distribution; two documentary film directors each received $73,500 for continuing documentary film production. The following documentary films and projects continued in production and/or distribution, and received various levels of financial and/or producing support: A King Like Me; Come Hither To Go Yonder; Space To Breathe; untitled Farsi documentary; My Ascension; Powerlands; Patois; Bayou Maharajah; Rugged & Funky; Creole Feast: Legacy; Mossville; Our Voices; Rebirth; City of a Million Dreams; The Inquisitor; Big Charity; Under G-d; Traveling Shoes; and others. Many other projects that received financial support in previous years continued in production and distribution, and in some cases received technical, production, or other non-financial assistance.

Operating model

Revenue model
Donor-supported. 100% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 98% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 89
  • Transparency & Controls: 79
  • Accountability: 64
  • Sustainability: 33
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90.9%; rating input score 91; 8th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 62.5%; rating input score 62; 31st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 1 of 7 controls in place; rating input score 14
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: 0%; rating input score 36; 36th percentile among comparable filings
  • Total-asset coverage ratio: 0.44; rating input score 20; 20th percentile among comparable filings
  • Liabilities to assets ratio: 1; rating input score 6; 6th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 81; 81st percentile among comparable filings

Growth

  • Program expense growth: 34.9% per year; rating input score 100; 92nd percentile among comparable filings
  • Revenue growth: 34.9% per year; rating input score 100; 94th percentile among comparable filings
  • Asset growth: 14.9% per year; rating input score 100; 72nd percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 100% of spending went to programs
  • Governance: 4 of 4 board members independent · 1 of 7 filing controls reported
  • Programs: 1 filed program accomplishment · $1.2M in reported program spending
  • Leadership: top reported pay $0 · 4 people listed
  • Consistency: 17 of 18 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 13 filed money-flow records
  • Related organizations: 13 filed related-organization links
  • 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 — Accountability: Governance controls: 5 of 6 not reported.
  • Moderate — Sustainability: Operating margin scored 36/100.
  • High — Sustainability: Total-asset coverage ratio scored 20/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • High — Sustainability: Liabilities to assets ratio scored 6/100.