Civic Intelligence

Cosmic Rays Foundation

EIN 88-3790225 • 501(c)3 • Cary, NC

990-N CoverageNTEE A31

Profile

The Cosmic Rays Film Festival is an annual exhibition of non-commercial short films, live-cinema, and extended reality projects. Our aim is to give audiences in the Triangle region of North Carolina and across the Southeastern U.S. access to media artwork that expands our idea of what film is and what it can be.

964 High House RdCary, NC 27513

cosmicraysfilmfest.com

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2025

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.

Source year 2025

Net Margin

36th percentile

5.1%

Higher net margin than 36% of similar nonprofits.

NTEE A • <$500k nonprofits • Source year 2025

Top Officer Pay

86th percentile

$1,800

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 14.4% of source-year revenue.

NTEE A • <$500k nonprofits • Source year 2025

Asset Growth

60th percentile

31%

Faster asset growth than 60% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Revenue Growth

61st percentile

27%

Faster revenue growth than 61% of similar nonprofits.

NTEE A • <$500k nonprofits • Annualized from 2024 to 2025

Assets

Up

$3,024

Up $720 (+31%) from 2024

Liabilities

-

No earlier filing loaded for comparison.

Net Assets

Up

$3,024

Up $720 (+31%) from 2024

Revenue

Up

$12,487

Up $2,617 (+27%) from 2024

Expenses

Up

$11,849

Up $1,996 (+20%) from 2024

Net Income

Up

$638

Up $621 (+3653%) from 2024

Trend Graphs

Balance Sheet Trend

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

$4.0K$3.0K$2.0K$1.0K$0Assets 2023: $2,287Net Assets 2023: $2,2872023Assets 2024: $2,304Net Assets 2024: $2,3042024Assets 2025: $3,024Net Assets 2025: $3,0242025

Highlighted filing

2025

Assets$3,024
Liabilities-
Net Assets$3,024

Operations Trend

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

$30K$20K$10K$0-$10KRevenue 2023: $22,963Expenses 2023: $23,010Net Income 2023: -$472023Revenue 2024: $9,870Expenses 2024: $9,853Net Income 2024: $172024Revenue 2025: $12,487Expenses 2025: $11,849Net Income 2025: $6382025

Highlighted filing

2025

Revenue$12,487
Expenses$11,849
Net Income$638

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Sep 17, 2025
Return Version
2024v5.2
Gross Receipts
$12,487
Mission and Program Overview

Mission

The Cosmic Rays Film Festival is an annual exhibition of non-commercial short films, live-cinema, and extended reality projects. Our aim is to give audiences in the Triangle region of North Carolina and across the Southeastern U.S. access to media artwork that expands our idea of what film is and what it can be.

See Schedule O.

Program Services

DescriptionGrantsExpenses
See Schedule O.$3,510$9,465
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sabine GruffatCEOPT$1,800-$1,800
William BrownPresidentPT$0--
Kathie RobertsDirector-$0--
Kristin PearsonExecutive DirectorPT$0--
Filing and Contact Details

Filer

Filer Name
Cosmic Rays Foundation
EIN
88-3790225
Phone
9842910316
Address
964 High House Rd, Cary, NC 27513

Signing Officer

Name
William Brown
Title
President
Phone
9842910316
Signed
2025-09-17
Discuss with paid preparer
Yes

Preparer

Firm
David B McRee
Address
3980 Ironwood Circle Apt 406, Bradenton, FL 34209
Preparer
David B McRee CPA
Phone
7273147263
Supplemental Narrative

Additional Explanations

Other

Our Primary Exempt Purpose: The Cosmic Rays Film Festival is an annual exhibition of non-commercial short films, live-cinema, and extended reality projects. Our aim is to give audiences in the Triangle region of North Carolina and across the Southeastern U.S. access to media artwork that expands our idea of what film is and what it can be.

Other

Part III, Line 28, Program Service Accomplishments: The Cosmic Rays Foundation is a 501(c)(3) organization that presents the annual Cosmic Rays Film Festival. Our mission is to support and celebrate experimental films and digital media art created by regional, national, and global media artists; and to provide a venue in Orange County, North Carolina where a diverse range of audiences can have access to this vital and expanding area of the arts.

Other

Part III, Line 28, Program Service Accomplishments: During our 7th edition which took place from March 21-23, 2025, Cosmic Rays presented 32 films selected from 462 submissions from around the world. During our three day festival, some 300 people attended our five screening blocks at the Chelsea Theater in Chapel Hill; participated in post-screening conversations with eight visiting filmmakers; and attended an afternoon of artist talks with visiting filmmakers Alison Kobayashi, Rebecca Barten, and David Sherman at Fatwood Studio in Chapel Hill, North Carolina.

Other

Part III, Line 28, Program Service Accomplishments: Each year, Cosmic Rays invites a distinguished film scholar to curate a special program of films. Thanks to a grant from the Orange County NC Arts Commission, this year Cosmic Rays was able to invite New York-based film scholar Genevieve Yue to curate a program of films titled MOVING IMAGES. Yues program featured work by four filmmakers-of-color who deploy a variety of formal techniques to explore the ways Black and Brown bodies navigate online and offline space.

Other

Part III, Line 28, Program Service Accomplishments: In order to expand the reach of our festivals programming, Cosmic Rays launched a Touring Program in 2022. Each year, we select a program of films from our latest edition to send on a tour of screening venues around the United States. Our 2025 touring program is entitled You Dont Know Me, a program of ten experimental films about the roles our bodies play, the data they generate, the avatars they adopt, and the traces they leave behind.

Form 990EZ, Part I, Line 10

Support non-commercial filmmakers.; Arts; Grants to filmmakers less: than $5,000 each., , , ; , 3510.

Form 990EZ, Part I, Line 16

Travel airfare 1437.

Form 990EZ, Part I, Line 16

Travel: filmmaker lodging 1000.

Form 990EZ, Part I, Line 16

Insurance 1515.

Form 990EZ, Part I, Line 16

Advertising/marketing 809.

Form 990EZ, Part I, Line 16

Festival afterparty/brunch 516.

Form 990EZ, Part I, Line 16

Travel: vehicle rental 280.

Form 990EZ, Part I, Line 16

Supplies and materials 219.

Form 990EZ, Part I, Line 16

Travel: taxis and shared rides 81.

Form 990EZ, Part I, Line 16

Office expenses 80.

Form 990EZ, Part I, Line 16

Corporate compliance 69.

Form 990EZ, Part I, Line 16

Merchant account fees 25.

Form 990EZ, Part I, Line 20

Adjust beginning Paypal Balance 82.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Our Primary Exempt Purpose: The Cosmic Rays Film Festival is an annual exhibition of non-commercial short films, live-cinema, and extended reality projects. Our aim is to give audiences in the Triangle region of North Carolina and across the Southeastern U.S. access to media artwork that expands our idea of what film is and what it can be.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Part III, Line 28, Program Service Accomplishments: The Cosmic Rays Foundation is a 501(c)(3) organization that presents the annual Cosmic Rays Film Festival. Our mission is to support and celebrate experimental films and digital media art created by regional, national, and global media artists; and to provide a venue in Orange County, North Carolina where a diverse range of audiences can have access to this vital and expanding area of the arts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Part III, Line 28, Program Service Accomplishments: During our 7th edition which took place from March 21-23, 2025, Cosmic Rays presented 32 films selected from 462 submissions from around the world. During our three day festival, some 300 people attended our five screening blocks at the Chelsea Theater in Chapel Hill; participated in post-screening conversations with eight visiting filmmakers; and attended an afternoon of artist talks with visiting filmmakers Alison Kobayashi, Rebecca Barten, and David Sherman at Fatwood Studio in Chapel Hill, North Carolina.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Part III, Line 28, Program Service Accomplishments: Each year, Cosmic Rays invites a distinguished film scholar to curate a special program of films. Thanks to a grant from the Orange County NC Arts Commission, this year Cosmic Rays was able to invite New York-based film scholar Genevieve Yue to curate a program of films titled MOVING IMAGES. Yues program featured work by four filmmakers-of-color who deploy a variety of formal techniques to explore the ways Black and Brown bodies navigate online and offline space.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Part III, Line 28, Program Service Accomplishments: In order to expand the reach of our festivals programming, Cosmic Rays launched a Touring Program in 2022. Each year, we select a program of films from our latest edition to send on a tour of screening venues around the United States. Our 2025 touring program is entitled You Dont Know Me, a program of ten experimental films about the roles our bodies play, the data they generate, the avatars they adopt, and the traces they leave behind.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Support non-commercial filmmakers.; Arts; Grants to filmmakers less: than $5,000 each., , , ; , 3510.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Travel airfare 1437.
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