Film Prize Foundation Inc
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It reported loans to or from officers, directors or other insiders.
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THE PRIZE FOUNDATION DRIVES ECONOMIC GROWTH, WORKFORCE DEVELOPMENT, YOUTH JOB TRAINING, CREATIVE ENTREPRENEURSHIP, AND INCREASED TOURISM IN SHREVEPORT AND NORTHWEST LOUISIANA THROUGH EDUCATION, INNOVATIVE BUSINESS INITIATIVES, CONFERENCES, CONTESTS, AND FESTIVALS.
- Income
- $1.9 million
- Spending
- $1.8 million
- Spent on programs
- 79%
- Reserves
- -2.4 months of spending
- Largest source of income
- donations and private grants, 62%
- Employees
- 7
- Volunteers
- 200
- Highest pay
- $93,908, top management official
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
Weak: 45 out of 100. Higher than 15% of charities in its peer group (arts and culture, $1m to $10m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 352% of what it owns.
Living within its means
15 of 15Income exceeded spending by 7% of income.
Income trend
15 of 15Income rose 29% on the year before.
Spending floor
15 of 1579% of spending went to programs and raising each dollar of donations cost 0 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
Fair: 55 out of 100. Higher than 9% of charities in its peer group (arts and culture, $1m to $10m).
Independent board
25 of 257 of 8 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
0 of 10Reports at least one of: diversion of assets, excess benefits, 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 (3)
- $653,758 spent. TACO WARS A FREE ONE DAY FESTIVAL CELEBRATING THE LATINO COMMUNITY IN SHREVEPORT/BOSSIER. INCLUDED 20 SHREVEPORT, BOSSIER TAQUERIAS AND FOOD VENDORS. OVER 10,000 ATTENDEES FROM ACROSS THE REGION ATTENDED. OVER $168,000 RETURNED TO SMALL BUSINESSES.
- $625,003 spent. PRIZE FEST - 4 CREATIVE COMPETITIONS - FILM, MUSIC, FOOD AND COMEDY. ELEVATES LOCALS AND NON-LOCALS TO LIVE AND WORK IN CREATIVE INDUSTRIES. OVER 5,000 ATTENDEES BOTH LOCAL AND NON-LOCALS TO EXPERIENCE OUR COMMUNITY. OVER $30 MILLION IN ECONOMIC IMPACT SINCE 2012.
- $150,973 spent. LOUISIANA FILM PRIZE - 38 SHORT FILMS IN CADDO PARISH, LOCAL PRODUCTION AVERAGE SPEND = $3,500 PER FILM WITH OVER 100 FILMS PER CYCLE. LOCAL CAST AND CREW HIRED FOR FILM PRIZE 250+. CAST AND CREW DATABASE WITH OVER 200 ACTIVE ACCOUNTS. FILM PRIZE JUNIOR - MIDDLE SCHOOL / HIGH SCHOOL FREE YEAR-ROUND FILM EDUCATION PROGRAM. OVER 115 FILMS COMPLETED STATEWIDE. STARTUP PRIZE FOCUS ON HEALTH 69 COMPANIES AND THEIR FOUNDERS PARTICIPATED IN THIS 6 MONTH PROGRAM THAT INCLUDED 2 QUALIFIERS AND AND 1 FINAL COMPETITION. 23 STATE REPRESENTED. PARTNERSHIPS WITH LOUISIANA ECONOMIC DEVELOPMENT, BLUE CROSS/ BLUE SHIELD, OCHSNER / LSU HEALTH, MASS CHALLENGE
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
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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since March 2013.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 7, 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.