Civic Intelligence

Cosmic Rays Foundation

990EZ • Fiscal year 2023 • EIN 88-3790225

Jan 01, 2023 to Jun 30, 2023 • Filed on Apr 12, 2024

16 Davie CircleChapel Hill, NC 27514-5900

(806) 789-6398

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

46th percentile

-0.2%

Higher net margin than 46% of similar nonprofits.

2023 filings • NTEE A31 • <$500k nonprofits • Source year 2023

Top Officer Pay

70th percentile

$2,250

Higher top officer pay than 70% of similar nonprofits.

Top officer pay equals 9.8% of source-year revenue.

2023 filings • NTEE A31 • <$500k nonprofits • Source year 2023

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2023

Assets

$2,287

No earlier filing loaded for comparison.

Net Assets

$2,287

No earlier filing loaded for comparison.

Liabilities

-

No earlier filing loaded for comparison.

Revenue

$22,963

No earlier filing loaded for comparison.

Expenses

$23,010

No earlier filing loaded for comparison.

Net Income

-$47

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$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

2023

Assets$2,287
Liabilities-
Net Assets$2,287

Operations Trend

Revenue, expenses, and net income across loaded years, with this 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

2023

Revenue$22,963
Expenses$23,010
Net Income-$47
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Jun 30, 2023
Signed
Apr 12, 2024
Return Version
2023v5.0
Gross Receipts
$22,963
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.

Program Services

DescriptionGrantsExpenses
See Schedule O for a detailed explanation.$16,286$20,659
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Sabine GruffatChairPT$2,250-$2,250
William BrownPres, Treas, Sec.PT$1,000-$1,000
Filing and Contact Details

Filer

Filer Name
Cosmic Rays Foundation
EIN
88-3790225
Phone
8067896398
Address
16 Davie Circle, Chapel Hill, NC 27514-5900

Signing Officer

Name
William Brown
Title
President
Phone
8067896398
Signed
2024-04-12
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

Form 990, Part III, line 28, Statement of Program Service Accomplishments: The fifth edition of the Cosmic Rays Film Festival was held from March 30 - 31, 2023. Some 400 people and 15 visiting artists gathered over the two days of the event to celebrate 30 short experimental and artists' films at the Varsity Theatre in Chapel Hill, NC, as well as a program of live audiovisual performances at the Cat's Cradle in Carrboro, NC. The festival's selection of short films from over 400 submissions to our open call demonstrated a commitment to aesthetics and conceptual risks, catering to a non-mainstream audience. This focus on daring and unconventional filmmaking attracted a dedicated and engaged audience, surprising organizers with impressive attendance numbers. The festival's focus on films that employ innovative media technologies (3D animation, Virtual Reality, AI) finds an especially receptive audience in the Research Triangle area, where there is a genuine hunger for innovative and boundary-pushing artistic expression. The festival was also proud to present a program of live-cinema performances held at the Cat's Cradle in Carrboro, NC. This special evening featured performances by internationally-acclaimed media artists Jonas Bers, Tomonari Nishikawa, and Jon Satrom, who employed computers, analog projection, and vector synthesis to create mesmerizing audiovisual works. This unique and immersive experience added an extra layer of excitement to the festival, and represented a very rare opportunity for audiences in our region to have access to this underrepresented form of media art.

Form 990EZ, Part I, Line 10

Support artistic filmmaking.; Educational; Various grants under $5,000: to many filmmaking artists, , , ; None, 16286.

Form 990EZ, Part I, Line 16

Artist's air fare 824.

Form 990EZ, Part I, Line 16

Venue rental 600.

Form 990EZ, Part I, Line 16

Office expenses 557.

Form 990EZ, Part I, Line 16

Advertising and marketing 500.

Form 990EZ, Part I, Line 16

Liability insurance 200.

Form 990EZ, Part I, Line 16

Supplies and materials 199.

Form 990EZ, Part I, Line 16

Memberships and subscriptions 100.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990, Part III, line 28, Statement of Program Service Accomplishments: The fifth edition of the Cosmic Rays Film Festival was held from March 30 - 31, 2023. Some 400 people and 15 visiting artists gathered over the two days of the event to celebrate 30 short experimental and artists' films at the Varsity Theatre in Chapel Hill, NC, as well as a program of live audiovisual performances at the Cat's Cradle in Carrboro, NC. The festival's selection of short films from over 400 submissions to our open call demonstrated a commitment to aesthetics and conceptual risks, catering to a non-mainstream audience. This focus on daring and unconventional filmmaking attracted a dedicated and engaged audience, surprising organizers with impressive attendance numbers. The festival's focus on films that employ innovative media technologies (3D animation, Virtual Reality, AI) finds an especially receptive audience in the Research Triangle area, where there is a genuine hunger for innovative and boundary-pushing artistic expression. The festival was also proud to present a program of live-cinema performances held at the Cat's Cradle in Carrboro, NC. This special evening featured performances by internationally-acclaimed media artists Jonas Bers, Tomonari Nishikawa, and Jon Satrom, who employed computers, analog projection, and vector synthesis to create mesmerizing audiovisual works. This unique and immersive experience added an extra layer of excitement to the festival, and represented a very rare opportunity for audiences in our region to have access to this underrepresented form of media art.
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