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      <Desc>The Reckoning this fiscal sponsorship program, which was launched last fiscal year, is in the production phase. Waste, Fraud, and Abuse This Investigative Studios project is in pilot podcast development. Once funded, it will be a series of podcast episodes investigating the consequences of downsizing the federal government. American Dream This fiscal sponsorship project is in production and will be a feature-length documentary examining the experience of Haitian immigrants in Springfield, Ohio. Continued on Schedule O</Desc>
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          <City>RESTRICTED</City>
          <State>RESTRICTED</State>
          <ZIPCode>RESTRICTED</ZIPCode>
        </ContributorUSAddress>
        <TotalContributionsAmt>RESTRICTED</TotalContributionsAmt>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <IRS990ScheduleI documentId="IRS990ScheduleI">
      <GrantRecordsMaintainedInd>true</GrantRecordsMaintainedInd>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>Cam Bay Productions Inc</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>741 Santa Barbara Rd</AddressLine1Txt>
          <CityNm>Berkeley</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>94707</ZIPCd>
        </USAddress>
        <RecipientEIN>943253503</RecipientEIN>
        <CashGrantAmt>615700</CashGrantAmt>
        <PurposeOfGrantTxt>Production Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <RecipientTable>
        <RecipientBusinessName>
          <BusinessNameLine1Txt>The Champion City LLC</BusinessNameLine1Txt>
        </RecipientBusinessName>
        <USAddress>
          <AddressLine1Txt>8871 West Flamingo Road Suite 202</AddressLine1Txt>
          <CityNm>Las Vegas</CityNm>
          <StateAbbreviationCd>NV</StateAbbreviationCd>
          <ZIPCd>89147</ZIPCd>
        </USAddress>
        <RecipientEIN>331587029</RecipientEIN>
        <CashGrantAmt>88683</CashGrantAmt>
        <PurposeOfGrantTxt>Production Grant</PurposeOfGrantTxt>
      </RecipientTable>
      <Total501c3OrgCnt>0</Total501c3OrgCnt>
      <TotalOtherOrgCnt>2</TotalOtherOrgCnt>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Monitoring procedures (Part I, line 2)</FormAndLineReferenceDesc>
        <ExplanationTxt>Description of procedures: Before accepting donations for a project that the Board of Directors has agreed to fiscally sponsor, we complete a Fiscal Sponsorship Agreement that details the roles and responsibilities of the project representatives and our organization. That Agreement includes the following section that we use to inform and monitor the use of grant funds:Fund Restrictions and ComplianceAll Restricted Fund monies shall be treated as charitable contributions subject to:a. IRS Section 501(c)(3) restrictions;b. Prohibition against private inurement, lobbying, and political activity;</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Monitoring procedures (Part I, line 2)</FormAndLineReferenceDesc>
        <ExplanationTxt>c. Sponsor retains variance power over the Restricted Fund, including full authority to redirect funds in furtherance of its tax-exempt purposes should the Project become inconsistent with Sponsors mission or compliance obligations.d. Grants made by Sponsor to Grantee are intended to constitute controlled grants within the meaning of Treasury Reg. 56.4911-4(f)(3) and shall not constitute payments to, or for the use of, a donor-advised fund.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Monitoring procedures (Part I, line 2)</FormAndLineReferenceDesc>
        <ExplanationTxt>Beyond this, grant reports that are required of grantees require an accounting of budgeted to actual project expenses. All grant funds must solely be used for the approved project or are subject to revocation. At the end of the grant period, an explanation is required if there are unused funds, and the grant is then either extended, the funds are repurposed with the funders permission, or funds are returned to the funder.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleI>
    <IRS990ScheduleO documentId="IRS990ScheduleO">
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Form 990 governing body review Part VI line 11</FormAndLineReferenceDesc>
        <ExplanationTxt>The treasurer and president of the board will review and approve this 990 before it is filed with the IRS. The president of the board will make it available to the other two board directors for review prior to filing.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>CEO executive director top management comp Part VI line 15a</FormAndLineReferenceDesc>
        <ExplanationTxt>The board determined reasonable compensation by conducting market research or using IRS Form 990 data on comparable nonprofit executive salaries.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Governing documents etc available to public Part VI line 19</FormAndLineReferenceDesc>
        <ExplanationTxt>Documents are not made available</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Significant program services not listed on prior year return Part III line 2</FormAndLineReferenceDesc>
        <ExplanationTxt>Investigative Studios took on two new fiscal sponsorships and one new project of our own this fiscal year. 1) American Dream fiscal sponsorship of a feature-length documentary film. 2) Memories of a Massacre fiscal sponsorship of an investigative journalism book that will tell the story of Bucha, Ukraine, and the killings by the Russian army of residents who witnessed the atrocities. 3) BullDOGed to Waste, Fraud, and Abuse.</ExplanationTxt>
      </SupplementalInformationDetail>
      <SupplementalInformationDetail>
        <FormAndLineReferenceDesc>Part III response or note to any other line in Part III</FormAndLineReferenceDesc>
        <ExplanationTxt>Primary Exempt Purpose: Investigative Studios is an independent nonprofit committed to making positive social impact through documentary filmmaking in the public interest. Trustworthy information is imperative to a functioning democracy. Studios champions the quality of craft and invests in the documentary filmmaking community by supporting, mentoring, and educating next-generation investigative journalists from diverse populations and/or socially disadvantaged groups. The productions we support focus on stories that uncover injustice, abuse, and wrongdoing, making them a uniquely powerful medium to rouse the most dynamic lever of change: a well-informed public Part III, Line 4a: Memories of a Massacre this fiscal sponsorship project is in development and will be an investigative journalism book that will tell the story of Bucha, Ukraine, and the killings by the Russian army of residents, as told by those who witnessed the atrocities.</ExplanationTxt>
      </SupplementalInformationDetail>
    </IRS990ScheduleO>
  </ReturnData>
</Return>