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Nonprofit · EIN 87-1408949

502 FILM COLLECTIVE INC

Tax-exempt · LOUISVILLE, KY 40207

Financials

$116K$60K2023$132K$120K2024
Revenue Expenses · by fiscal year end
Financials of 502 FILM COLLECTIVE INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
June 30, 2024990-EZ$132,354$119,678$12,676$142,303$73,392$68,911
December 31, 2023990-EZ$115,946$59,711$56,235$56,235–$56,235
Financial details: 990-EZ for the year ended June 30, 2024

Revenue

Contributions, gifts and grants
$132,354

Expenses

Compensation of officers, directors and key employees
$60,355
Salaries, compensation and benefits (total)
$65,781
Professional fees and payments to contractors
$2,683
Other expenses
$51,214
Program services (functional)
$119,677

Balance sheet and other

Total assets, start of year
$56,235
Total assets, end of year
$142,303
Total liabilities, end of year
$73,392
Net assets, end of year
$68,911
Cash, savings and investments
$142,303
Gross receipts
$132,354

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990-EZ for the year ended June 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
SUZANNE EASTMANPRESIDENT40$60,355
NATHANIEL SPENCERSECRETARY0$0
FELIPE DIEPPATREASURER0$0
ERIN ROARKMEMBER0$0
GEOFF STORTSMEMBER0$0
990-EZ for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Suzanne EastmanPresident40$24,254
Nathaniel SpencerSecretary2$0
Felipe DieppaTreasurer2$0
Erin RoarkBoard of Directors0$0
Geoffrey StortsBoard of Directors0$0
Sarah LempkeO'HareBoard of Directors0$0

Address and contacts

Address (IRS master file)
4027 MASSIE AVE, LOUISVILLE, KY 40207-2137
In care of
% SOOZIE EASTMAN
Mailing address (990-N for 2022)
4027 Massie Avebue, Louisville KY 40207
Principal officer (990-N for 2022)
Suzanne Eastman, 4027 Massie Avenue, Louisville KY 40207
Signed the 990-EZ
SOOZIE EASTMAN, PRESIDENT
Phone
(502) 819-4139
Return prepared by
Wittsell & Associates Inc

Mission

PROVIDE RESOURCES TO THE FILM INDUSTRY

990-EZ for the year ended June 30, 2024

Program accomplishments

  • 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
    Expenses $91,987 · grants $107,354
  • 502 FILM WORKED ALONGSIDE THE CITY TO COMPLETE BOTH THE RFI AND RFP PROCESS TO ATTRACTTHE SUNDANCE FILM FESTIVAL TO LOUISVILLE.
    Expenses $27,690 · grants $25,000

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025June 30, 2026November 16, 2026Not due yet
2024June 30, 2025November 17, 2025Not on file
2023June 30, 2024November 15, 2024990-EZ on file

File the 2025 990-EZ for 502 FILM COLLECTIVE INC

Due November 16, 2026 · e-filed with the IRS by 990.tax, an IRS-authorized e-file provider

IRS record

EIN
87-1408949
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
June
Files
Form 990 or 990-EZ
Assets (IRS master file)
$142,303
Income (IRS master file)
$132,354

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZJune 2024$132,354$119,678$142,303XML
990-EZDecember 2023$115,946$59,711$56,235XML
990-N for 2022
Officer: Suzanne Eastman
December 31, 2022≤ $50,000 receipts––e-Postcard

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 87-1408949).

Questions about 502 FILM COLLECTIVE INC

What is the EIN of 502 FILM COLLECTIVE INC?
The employer identification number (EIN) of 502 FILM COLLECTIVE INC is 87-1408949.
Is 502 FILM COLLECTIVE INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to 502 FILM COLLECTIVE INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does 502 FILM COLLECTIVE INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of 502 FILM COLLECTIVE INC due?
The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did 502 FILM COLLECTIVE INC last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended June 2024.
Who is the principal officer of 502 FILM COLLECTIVE INC?
The 990-N for 2022 names Suzanne Eastman.
Who are the officers and directors of 502 FILM COLLECTIVE INC?
The 990-EZ for the year ended June 30, 2024 lists 5 people; 1 received compensation from the organization, the highest $60,355 (SUZANNE EASTMAN, PRESIDENT).
How much revenue does 502 FILM COLLECTIVE INC have?
On its 990-EZ for the year ended June 30, 2024 it reported revenue of $132,354, expenses of $119,678 and total assets of $142,303 at year end.

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