Civic Intelligence

502 Film Collective Inc.

EIN 87-1408949 • 501(c)3 • Louisville, KY

Pub. 78 Eligible990-N CoverageNTEE A31

Profile

502 Film connects visiting productions with resources in Louisville and the surrounding region including: CREW ACCOMMODATIONS EQUIPMENT RENTALS & ESTABLISHED VENDORS

4027 Massie AveLouisville, KY 40207

502film.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

74th percentile

0.52x

Higher debt load relative to assets than 74% of similar nonprofits.

NTEE A31 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

87th percentile

0.55x

Higher debt load relative to revenue than 87% of similar nonprofits.

NTEE A31 • <$500k nonprofits • Source year 2024

Net Margin

66th percentile

9.6%

Higher net margin than 66% of similar nonprofits.

NTEE A31 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$60,355

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 45.6% of source-year revenue.

NTEE A31 • <$500k nonprofits • Source year 2024

Asset Growth

91st percentile

153%

Faster asset growth than 91% of similar nonprofits.

NTEE A31 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

63rd percentile

14%

Faster revenue growth than 63% of similar nonprofits.

NTEE A31 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets74th percentile

Assets

Up

$142,303

Up $86,068 (+153%) from 2023

Liabilities

$73,392

No earlier filing loaded for comparison.

Net Assets

Up

$68,911

Up $12,676 (+23%) from 2023

Operations
Liabilities / Revenue87th percentileNet Margin66th percentile

Revenue

Up

$132,354

Up $16,408 (+14%) from 2023

Expenses

Up

$119,678

Up $59,967 (+100%) from 2023

Net Income

Down

$12,676

Down $43,559 (-77%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth91st percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2023: $56,235Net Assets 2023: $56,2352023Assets 2024: $142,303Liabilities 2024: $73,392Net Assets 2024: $68,9112024

Highlighted filing

2024

Assets$142,303
Liabilities$73,392
Net Assets$68,911
Open 2024 Filing

Operations Trend

Revenue Growth63rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2023: $115,946Expenses 2023: $59,711Net Income 2023: $56,2352023Revenue 2024: $132,354Expenses 2024: $119,678Net Income 2024: $12,6762024

Highlighted filing

2024

Revenue$132,354
Expenses$119,678
Net Income$12,676
Open 2024 Filing

Filings

Most recent year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$142,303
Liabilities
$73,392
Net assets
$68,911
Revenue
$132,354
Expenses
$119,678
Net income
$12,676
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.42$0.73$0.69$1.32$1.20$0.13
2023Detailed filing. Detailed filing data is available for this year.$0.56$0.56$1.16$0.60$0.56
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Jun 30, 2024
Signed
Mar 28, 2025
Return Version
2024v5.0
Gross Receipts
$132,354
Mission and Program Overview

Mission

502 Film connects visiting productions with resources in Louisville and the surrounding region including: CREW ACCOMMODATIONS EQUIPMENT RENTALS & ESTABLISHED VENDORS

Provide resources to the film industry

Program Services

DescriptionGrantsExpenses
DECEMBER 2023-JUNE 30, 2024, WE SPOKE WITH MORE THAN HALF ALL OF THE PROJECTS THATHAVE INCENTIVIZED TO FILM IN JEFFERSON COUNTY BEFORE THEY WENT THROUGH THE INCENTIVEPROCESS$107,354$91,987
502 FILM WORKED ALONGSIDE THE CITY TO COMPLETE BOTH THE RFI AND RFP PROCESS TO ATTRACTTHE SUNDANCE FILM FESTIVAL TO LOUISVILLE.$25,000$27,690
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
SUZANNE EASTMANPresidentFT$60,355-$60,355
NATHANIEL SPENCERSecretary-$0--
FELIPE DIEPPATreasurer-$0--
ERIN ROARKMember-$0--
GEOFF STORTSMember-$0--
Filing and Contact Details

Filer

Filer Name
502 Film Collective Inc
EIN
87-1408949
In Care Of
% SOOZIE EASTMAN
Phone
5028194139
Address
4027 MASSIE AVE, LOUISVILLE, KY 40207

Signing Officer

Name
Soozie Eastman
Title
President
Phone
5028194139
Signed
2025-03-28
Discuss with paid preparer
Yes

Preparer

Firm
Wittsell & Associates Inc
Address
11709 Commonwealth Drive, Louisville, KY 40299
Preparer
Courtney Wittsell
Phone
5028959834
Supplemental Narrative

Additional Explanations

Description of other expenses Part I line 16

“Description AmountTRAINING 1,582PROGRAM EXPENSES 7,669MARKETING 32,640TRAVEL 3,139DUES AND SUBSCRIPTIONS 753MEALS 1,532TAXES AND LICENSE 40BANK 4INSURANCE 2,081REIMBURSEMENTS 1,016OFFICE SUPPLIES 758”

Description of total liabilities Part II line 26

“Category Beginning of Year End of YearCREDIT CARD 0 202FISCAL SPONSORSHIP 0 47,000ACCRUED PAYROLL 0 23,213PAYROLL LIABILITIES 0 2,977”

Raw XML Appendix159 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2FELIPE DIEPPA
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
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IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
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IRS990EZ/OtherExpensesTotalAmt051214
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROVIDE RESOURCES TO THE FILM INDUSTRY
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1502 FILM WORKED ALONGSIDE THE CITY TO COMPLETE BOTH THE RFI AND RFP PROCESS TO ATTRACTTHE SUNDANCE FILM FESTIVAL TO LOUISVILLE.
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IRS990EZ/ProhibitedTaxShelterTransInd0false
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IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
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IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt073392
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0119678
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IRS990EZ/TransactionWithControlEntInd0false
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IRS990EZ/TypeOfOrganizationCorpInd0X
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0132354
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Description AmountTRAINING 1,582PROGRAM EXPENSES 7,669MARKETING 32,640TRAVEL 3,139DUES AND SUBSCRIPTIONS 753MEALS 1,532TAXES AND LICENSE 40BANK 4INSURANCE 2,081REIMBURSEMENTS 1,016OFFICE SUPPLIES 758
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Category Beginning of Year End of YearCREDIT CARD 0 202FISCAL SPONSORSHIP 0 47,000ACCRUED PAYROLL 0 23,213PAYROLL LIABILITIES 0 2,977
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Description of other expenses Part I line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Description of total liabilities Part II line 26
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SOOZIE EASTMAN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum05028194139
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-03-28
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0502 FILM COLLECTIVE INC
ReturnHeader/Filer/BusinessNameControlTxt0502F
ReturnHeader/Filer/EIN0871408949
ReturnHeader/Filer/InCareOfNm0% SOOZIE EASTMAN
ReturnHeader/Filer/PhoneNum05028194139
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ReturnHeader/PreparerPersonGrp/PreparationDt02025-03-28
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0COURTNEY WITTSELL
ReturnHeader/ReturnTs02025-03-28T10:28:21-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02024

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