Civic Intelligence

Film Streams Inc.

990 • Fiscal year 2017 • EIN 20-2549448

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

PO Box 8485Omaha, NE 68108

(402) 933-0259

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

63rd percentile

0.40x

Higher debt load relative to revenue than 63% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

95th percentile

66%

Higher net margin than 95% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

27th percentile

$112,466

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.9% of source-year revenue.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

94th percentile

55%

Faster asset growth than 94% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

15th percentile

-12%

Faster revenue growth than 15% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Up

$14,128,351

Up $5,001,678 (+55%) from 2016

Net Assets

Up

$11,746,942

Up $3,956,007 (+51%) from 2016

Liabilities

Up

$2,381,409

Up $1,045,671 (+78%) from 2016

Revenue

Down

$5,974,033

Down $785,264 (-12%) from 2016

Expenses

Up

$2,018,026

Up $481,631 (+31%) from 2016

Net Income

Down

$3,956,007

Down $1,266,895 (-24%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$15M$10M$5.0M$0Assets 2011: $1,556,284Liabilities 2011: $128,562Net Assets 2011: $1,427,7222011Assets 2012: $3,836,971Liabilities 2012: $1,910,961Net Assets 2012: $1,926,0102012Assets 2013: $4,010,501Liabilities 2013: $1,942,042Net Assets 2013: $2,068,4592013Assets 2014: $3,927,292Liabilities 2014: $1,662,482Net Assets 2014: $2,264,8102014Assets 2015: $3,992,598Liabilities 2015: $1,424,565Net Assets 2015: $2,568,0332015Assets 2016: $9,126,673Liabilities 2016: $1,335,738Net Assets 2016: $7,790,9352016Assets 2017: $14,128,351Liabilities 2017: $2,381,409Net Assets 2017: $11,746,9422017Assets 2018: $12,346,463Liabilities 2018: $364,127Net Assets 2018: $11,982,3362018Assets 2019: $12,519,298Liabilities 2019: $366,942Net Assets 2019: $12,152,3562019Assets 2020: $13,044,363Liabilities 2020: $185,193Net Assets 2020: $12,859,1702020Assets 2021: $13,258,017Liabilities 2021: $198,402Net Assets 2021: $13,059,6152021Assets 2022: $13,132,450Liabilities 2022: $208,202Net Assets 2022: $12,924,2482022Assets 2023: $12,611,708Liabilities 2023: $216,662Net Assets 2023: $12,395,0462023Assets 2024: $11,952,666Liabilities 2024: $313,530Net Assets 2024: $11,639,1362024

Highlighted filing

2017

Assets$14,128,351
Liabilities$2,381,409
Net Assets$11,746,942

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$8.0M$6.0M$4.0M$2.0M$0-$2.0MRevenue 2011: $1,159,556Expenses 2011: $1,082,145Net Income 2011: $77,4112011Revenue 2012: $1,645,533Expenses 2012: $1,187,637Net Income 2012: $457,8962012Revenue 2013: $1,463,021Expenses 2013: $1,320,572Net Income 2013: $142,4492013Revenue 2014: $1,514,888Expenses 2014: $1,318,537Net Income 2014: $196,3512014Revenue 2015: $1,660,725Expenses 2015: $1,357,502Net Income 2015: $303,2232015Revenue 2016: $6,759,297Expenses 2016: $1,536,395Net Income 2016: $5,222,9022016Revenue 2017: $5,974,033Expenses 2017: $2,018,026Net Income 2017: $3,956,0072017Revenue 2018: $2,864,527Expenses 2018: $2,629,133Net Income 2018: $235,3942018Revenue 2019: $2,835,192Expenses 2019: $2,665,172Net Income 2019: $170,0202019Revenue 2020: $2,950,736Expenses 2020: $2,243,922Net Income 2020: $706,8142020Revenue 2021: $2,389,769Expenses 2021: $2,189,324Net Income 2021: $200,4452021Revenue 2022: $2,543,152Expenses 2022: $2,678,519Net Income 2022: -$135,3672022Revenue 2023: $2,536,288Expenses 2023: $3,065,490Net Income 2023: -$529,2022023Revenue 2024: $2,522,398Expenses 2024: $3,278,308Net Income 2024: -$755,9102024

Highlighted filing

2017

Revenue$5,974,033
Expenses$2,018,026
Net Income$3,956,007
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.3
Gross Receipts
$6,174,492
Mission and Program Overview

Mission

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. As a nonprofit committed to screening films based on their creative, artistic, and social merits, film streams depends on the support of our membership program, individual donors, grants from foundations, corporations, government organizations, and volunteers.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,923,327$8,518,559▲ $5,595,232
Pledges and Grants Receivable$2,413,525$3,722,360▲ $1,308,835
Savings and Temporary Cash Investments$3,526,746$1,326,466▼ $2,200,280
Cash and Non-Interest-Bearing Accounts$91,823$295,632▲ $203,809
Accounts Receivable$3,544$121,380▲ $117,836
Prepaid Expenses and Deferred Charges$76,077$72,872▼ $3,205
Inventories for Sale or Use$3,710$16,784▲ $13,074
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$9,126,673$14,128,351▲ $5,001,678
Other Assets Total$87,921$54,298▼ $33,623
Liabilities
Accounts Payable and Accrued Expenses$171,883$1,194,463▲ $1,022,580
Tax Exempt Bond Liabilities$1,086,927$1,041,085▼ $45,842
Deferred Revenue$76,928$145,861▲ $68,933
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Escrow Account Liability$0$0→ $0
Total Liabilities$1,335,738$2,381,409▲ $1,045,671
Net Assets / Fund Balance
Unrestricted Net Assets$2,312,137$10,976,483▲ $8,664,346
Temporarily Rstr Net Assets$5,478,798$770,459▼ $4,708,339
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$7,790,935$11,746,942▲ $3,956,007
Total Liabilities and Net Assets / Fund Balance$9,126,673$14,128,351▲ $5,001,678

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,319,220$252,856-
Other Land Buildings$5,313,618--
Land$99,956--
Equipment$305,890$410,330-
Leasehold Improvements$479,875$142,871-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Rachel JacobsonExecutive DirectorFT$110,000$2,466$112,466

Board Members and Trustees

NameTitle
Paul SmithChair/director
Katie WeitzPast Chair/director
Daniel LonerganVice Chair/director
Alexander PayneDirector
Betiana SimonDirector
Charles GiffordDirector
David JacobsonDirector
Gerry LauritzenDirector
Mark JavitchDirector
Roger DurandDirector
Sarah Bay YaleDirector
Laura AlleySecretary/director
Ted WarinTreasurer/director
Revenue and Support

Revenue Composition

Contributions and Grants
$5,278,546
Program Service Revenue
$547,685
Investment Income
$5,786
Other Revenue
$142,016
All Other Contributions
$4,865,876
Change in Net Assets
$3,956,007

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded5$1,047,330Stock Quote
Real Estate Commercial1$780,000Appraised Value
Other Non Cash Contri Table20$50,332Fair Market Value (FMV)
Other Non Cash Contri Table4$2,533Fair Market Value (FMV)
Other Non Cash Contri Table6$274Fair Market Value (FMV)
Total Noncash Contributions36$1,880,469-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,974,033
Revenue Not Reported on Form 990
$128,463
Total Revenue per Audited Statements
$6,102,496
Total Revenue per Form 990
$5,974,033
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,021,675
Salaries, Compensation, and Employee Benefits$996,351
Total Fundraising Expense$149,791
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$515,876$111,169$86,085$713,130
Depreciation Depletion$135,680$11,800-$147,480
Occupancy$129,871$11,293-$141,164
Current Officers, Directors, Trustees, and Key Employees$78,727$11,247$22,493$112,467
Advertising$110,839--$110,839
Payroll Taxes$69,612$13,049$14,811$97,472
Office Expenses$62,507$13,834$6,450$82,791
Other Employee Benefits$45,875$14,300$13,107$73,282
Fees for Services Accounting-$23,756-$23,756
Fees for Services Other$21,684--$21,684
Insurance-$21,380-$21,380
Other Expenses$18,711$122,541$6,845$18,711
All Other Expenses$17,805--$17,805
Travel$14,638--$14,638
Information Technology-$550-$550
Total Functional Expenses$1,513,316$354,919$149,791$2,018,026

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,146,489
Expenses per Audited Statements$2,018,026
Total Expenses per Form 990$2,018,026
Expenses Not Reported on Form 990$128,463
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$97,762
Fundraising Gross Income$57,645
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Feature Vii$353,665$57,645$55,557$2,088
Total Events$353,665$57,645$97,762$-40,117
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Bond Issues

BondIssuerIssuedIssue PricePurpose
AThe County of Douglas Nebraska2012-12-14$1,800,000Purchase building for operations

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$1,800,000$0$713,073$0

Bond Financing Compliance

No rebate due
No
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

David jacobson, director and rachel jacobson, founder and executive director of film streams are father and daughter. Neither rachel nor david are allowed to vote on matters pertaining to the executive director's compensation.

Form 990, Part VI, Section B, Line 11B

Rachel jacobson, executive director, and the board treasurer review the form 990 prior to filing with the internal revenue service. No separate review is conducted by the board of directors.

Form 990, Part VI, Section B, Line 12C

The organization's conflict of interest policy applies to all directors and officers. The organization requires all board members to sign a disclosure form annually. The policy states that if a contract or transaction arises in which a director or officer is personally interested in or may have interests adverse to the best interest of the organization, the director or officer must disclose the conflict and refrain from voting on the contract or transaction. A resolution was signed by the board in the current year as the organization has entered into a contract with alley, poyner, macchietto for architectural services. Vice chair, laura alley, is a partner in the firm. This is an arms length transaction.

Form 990, Part VI, Section B, Line 15A

A separate compensation committee is tasked to review the executive director's performance and compensation on an annual basis. The committee excludes both rachel jacobson (executive director) and her father david jacobson.

Form 990, Part VI, Section C, Line 19

All documents pertaining to the governing body, including board minutes, as well as the organization's written policies and financial statements are available upon request to the public via email and/or paper copy.

Form 990, Part VI, Section C, Line 19

All documents pertaining to the governing body, including board minutes, as well as the organization's written policies and financial statements are available upon request to the public via email and/or paper copy.

Filing and Contact Details

Filer

Filer Name
Film Streams Inc
EIN
20-2549448
In Care Of
% RACHEL JACOBSON
Phone
4029330259
Address
PO BOX 8485, OMAHA, NE 68108

Signing Officer

Name
Rachel Jacobson
Title
Executive Director
Phone
4029330259
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Rachel Jacobson
Formed
2005
Legal Domicile
Ne
Voting Board Members
14
Independent Board Members
12
Employees
39
Volunteers
209

Preparer

Firm
Bkd Llp
Address
1120 S 101ST ST STE 410, OMAHA, NE 68124-1088
Preparer
Kristin Tynon
Phone
4023921040
Supplemental Narrative

Additional Explanations

Form 990, Part IV, Line 11F

Management has evaluated their income tax positions under the guidance included in ASC 740. Based on their review, management has not identified any material uncertain tax positions to be recorded or disclosed in the financial statements.

Financial Statement Notes

Part XI, Line 2D and Part XII, Line 2D

Portion of cogs netted against revenue 48,178 portion of sales tax collected netted against revenue (58,769) portion of special events expense netted against revenue 97,762 ----------- total: 87,171

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IRS990/Desc0NEW RELEASES - Film Streams presents New American independents, documentaries, and international films making their theatrical premieres in Omaha and the surrounding region. In 2017, nearly 48,000 people attended 60 unique, new, critically-acclaimed, award-winning films from around the work at Film Streams the Ruth Sokolof and Dundee Theaters.
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IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/MissionDesc0FILM 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. AS A NONPROFIT CINEMA COMMITTED TO SCREENING FILMS BASED ON THEIR CREATIVE, ARTISTIC, AND SOCIAL MERITS, FILM STREAMS DEPENDS ON THE SUPPORT OF OUR MEMBERSHIP PROGRAM, INDIVIDUAL DONORS, GRANTS FROM FOUNDATIONS, CORPORATIONS, GOVERNMENT ORGANIZATIONS, AND VOLUNTEERS.
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IRS990/ProgSrvcAccomActy2Grp/Desc0REPERTORY SELECTIONS - Film Streams Repertory sections include classic films, themed series, director retrospectives, and revivals celebrating the history and cultural spectrum of film as art, presented with the highest quality 35mm prints and DCP restorations available. In 2017, we showed 90 classic film within 7 different film series, and several revivals.
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IRS990/ProgSrvcAccomActy3Grp/Desc0COMMUNITY 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 field-trip screenings and discussions, and Courses, a public program of multi-film seminars for adult audiences. Special programs includes Q&As with visiting filmmakers, live musical performances to silent classics, an annual Local Filmmakers Showcase, and other special events complementing each of the aforementioned areas.
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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$12.0$0.31$11.6$2.52$3.28$0.76
2023Summary only. Only limited summary data is available for this year.$12.6$0.22$12.4$2.54$3.07$0.53
2022Summary only. Only limited summary data is available for this year.$13.1$0.21$12.9$2.54$2.68$0.14
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$13.3$0.20$13.1$2.39$2.19$0.20
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.0$0.19$12.9$2.95$2.24$0.71
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.5$0.37$12.2$2.84$2.67$0.17
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.3$0.36$12.0$2.86$2.63$0.24
2017Detailed filing. Detailed filing data is available for this year.$14.1$2.38$11.7$5.97$2.02$3.96
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.13$1.34$7.79$6.76$1.54$5.22
2015Detailed filing. Detailed filing data is available for this year.$3.99$1.42$2.57$1.66$1.36$0.30
2014Detailed filing. Detailed filing data is available for this year.$3.93$1.66$2.26$1.51$1.32$0.20
2013Summary only. Only limited summary data is available for this year.$4.01$1.94$2.07$1.46$1.32$0.14
2012Summary only. Only limited summary data is available for this year.$3.84$1.91$1.93$1.65$1.19$0.46
2011Summary only. Only limited summary data is available for this year.$1.56$0.13$1.43$1.16$1.08$0.08