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Film Streams Inc

EIN 20-2549448 · Omaha, NE

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood73 out of 100GovernanceStrong100 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

FILM STREAMS IS DEDICATED TO ENHANCING THE CULTURAL ENVIRONMENT OF THE OMAHA-COUNCIL BLUFFS AREA THROUGH THE PRESENTATION AND DISCUSSION OF FILM AS AN ART FORM.

Income
$2.5 million
Spending
$3.3 million
Spent on programs
75%
Reserves
10 months of spending
Largest source of income
donations and private grants, 50%
Employees
45
Volunteers
60
Highest pay
$156,856, executive director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 73 out of 100.

  • Reserves

    28 of 35

    Spendable reserves would cover 10.0 months of spending.

  • Debt

    20 of 20

    It owes 3% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 30% of income.

  • Income trend

    10 of 15

    Income fell 1% on the year before.

  • Spending floor

    15 of 15

    75% of spending went to programs and raising each dollar of donations cost 25 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 100 out of 100.

  • Independent board

    25 of 25

    15 of 15 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $777,740 spent. NEW RELEASES - FILM STREAMS PRESENTS NEW AMERICAN INDEPENDENTS, DOCUMENTARIES, AND INTERNATIONAL FILMS MAKING THEIR THEATRICAL PREMIERES IN OMAHA AND THE SURROUNDING REGION.
  2. $387,518 spent. COMMUNITY DEVELOPMENT - EDUCATION AND SPECIAL PROGRAMS THIS PROGRAM INCLUDES COLLABORATIVE SCREENINGS WITH OTHER NONPROFIT ORGANIZATIONS, USING FILM AS A CATALYST FOR IMPORTANT CONVERSATIONS ABOUT OUR COMMUNITY AND THE WORLD AROUND US. FOR EDUCATION, THERE ARE YEAR ROUND FILM EDUCATION OPPORTUNITIES FOR ALL AGES, INCLUDING A DAYTIME EDUCATION PROGRAM IN WHICH TEACHERS BRING THEIR CLASSES TO OUR CINEMA(S) FOR FIELDTRIP SCREENINGS AND DISCUSSIONS, AND COURSES, A PUBLIC PROGRAM OF MULTIFILM SEMINARS FOR ADULT AUDIENCES. SPECIAL PROGRAMS INCLUDES Q AND A'S WITH VISITING FILMMAKERS, LIVE MUSICAL PERFORMANCES TO SILENT CLASSICS, AN ANNUAL LOCAL FILMMAKERS SHOWCASE, AND OTHER SPECIAL EVENTS COMPLEMENTING EACH OF THE AFOREMENTIONED AREAS.
  3. $130,230 spent. REPERTORY SELECTIONS - FILM STREAMS REPERTORY SECTIONS INCLUDE CLASSIC FILMS, THEMED SERIES, DIRECTOR RETROSPECTIVES, AND REVIVALS CELEBRATING HISTORY AND CULTURAL SPECTRUM OF FILM AS ART, PRESENTED WITH THE HIGHEST QUALITY 35MM PRINTS AND DCP RESTORATION AVAILABLE.
  4. $1.2 million spent. ALL OTHER PROGRAM SERVICES

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since May 2005.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.