Omaha Film Festival
Omaha Film Festival maintains stable finances with no officer compensation, despite fluctuating revenues and occasional deficits.
EIN: 203344532 · Omaha, NE · NTEE: A31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $122K |
| Total Expenses | $119K |
| Program Spending | 85% |
| Net Assets | $49K |
| Transparency Score | 90/100 |
Is Omaha Film Festival Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Omaha Film Festival directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Omaha Film Festival
Omaha Film Festival (EIN: 203344532) is a nonprofit organization based in Omaha, NE, classified under NTEE code A31. The organization reported total revenue of $122K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Omaha Film Festival's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Omaha Film Festival is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $115K |
| Total Expenses | $119K |
| Surplus / Deficit | $-4,448 |
| Total Assets | $49K |
| Net Assets | $49K |
| Operating Margin | -3.9% |
| Months of Reserves | 4.9 months |
Financial Health Grade: B
In 2024, Omaha Film Festival reported a deficit of $4K with expenses exceeding revenue, holds 4.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2012–2024), Omaha Film Festival's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +16.6% | +28.3% | -8.4% |
| 2023 | +96.6% | +32.2% | +11.6% |
| 2022 | -61.1% | -11.2% | -29.8% |
| 2021 | +4.2% | -46.4% | +190.6% |
| 2020 | -18.0% | +8.9% | -44.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Omaha Film Festival with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 85%
- fundraising: 0%
According to IRS 990 filings, Omaha Film Festival allocates its expenses as follows: admin: 15%, programs: 85%, fundraising: 0%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization. This is highly commendable for an organization of its size, suggesting a volunteer-driven leadership model and a strong commitment to directing all available funds towards its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Omaha Film Festival's IRS 990 filings:
- Occasional deficit spending (e.g., 202404 expenses $119,201 vs. revenue $114,753; 202004 expenses $147,662 vs. revenue $123,609)
- Revenue volatility, making long-term financial planning potentially challenging
Strengths
The following positive indicators were identified for Omaha Film Festival:
- Consistent 0% officer compensation across all filings, indicating high efficiency and mission focus
- Strong transparency with 13 IRS 990 filings available
- Zero liabilities reported in recent years (2021-2024), indicating strong financial health
- Stable and growing asset base in recent years (e.g., $23,356 in 202004 to $48,733 in 202404)
Frequently Asked Questions about Omaha Film Festival
Is Omaha Film Festival a legitimate charity?
Based on AI analysis of IRS 990 filings, Omaha Film Festival (EIN: 203344532) some concerns. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.
How does Omaha Film Festival spend its money?
Omaha Film Festival directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Omaha Film Festival tax-deductible?
Omaha Film Festival is registered as a tax-exempt nonprofit (EIN: 203344532). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Omaha Film Festival compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Omaha Film Festival is above average for NTEE category A31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Omaha Film Festival located?
Omaha Film Festival is headquartered in Omaha, Nebraska and files with the IRS under EIN 203344532. It is classified under NTEE code A31.
How many years of IRS 990 filings does Omaha Film Festival have?
Omaha Film Festival has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $122K in total revenue.
Is Omaha Film Festival a good charity?
Based on the provided data, the Omaha Film Festival appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission and efficient use of funds. Its financial filings are regular, and it has maintained a stable asset base with minimal to no liabilities in recent years.
How does Omaha Film Festival manage its finances?
The organization manages its finances with a focus on stability, often operating with a surplus or near break-even. While revenues fluctuate, it has shown an ability to recover from deficit years, such as increasing assets from $23,356 in 202004 to $48,733 in 202404. The absence of officer compensation suggests a lean operational model.
What is the trend in Omaha Film Festival's revenue and expenses?
Revenue and expenses for the Omaha Film Festival have fluctuated over the years. For example, revenue peaked at $174,229 in 201704 and dropped to $50,061 in 202204, before recovering to $114,753 in 202404. Expenses generally follow revenue trends but have occasionally exceeded revenue, leading to deficits, such as in 202404 and 202004.
Filing History
IRS 990 filing history for Omaha Film Festival showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Omaha Film Festival's revenue has declined by 22.4%, moving from $148K to $115K. Total assets increased by 24.4% over the same period, from $39K to $49K. Total functional expenses fell by 23.4%, from $156K to $119K. In its most recent filing year (2024), Omaha Film Festival reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $115K | $119K | $49K | $0 | — | View 990 |
| 2023 | $98K | $93K | $53K | $0 | — | View 990 |
| 2022 | $50K | $70K | $48K | $0 | — | View 990 |
| 2021 | $129K | $79K | $68K | $0 | — | View 990 |
| 2020 | $124K | $148K | $23K | $5K | — | View 990 |
| 2019 | $151K | $136K | $42K | $0 | — | View 990 |
| 2018 | $173K | $179K | $38K | $10K | — | — |
| 2017 | $174K | $160K | $39K | $6K | — | View 990 |
| 2016 | $146K | $161K | $25K | $6K | — | View 990 |
| 2015 | $143K | $140K | $36K | $2K | — | View 990 |
| 2014 | $149K | $156K | $34K | $4K | — | View 990 |
| 2013 | $150K | $142K | $43K | $6K | — | View 990 |
| 2012 | $148K | $156K | $39K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $115K, expenses of $119K, and assets of $49K (revenue +16.6% year-over-year).
- 2023: Revenue of $98K, expenses of $93K, and assets of $53K (revenue +96.6% year-over-year).
- 2022: Revenue of $50K, expenses of $70K, and assets of $48K (revenue -61.1% year-over-year).
- 2021: Revenue of $129K, expenses of $79K, and assets of $68K (revenue +4.2% year-over-year).
- 2020: Revenue of $124K, expenses of $148K, and assets of $23K (revenue -18.0% year-over-year).
- 2019: Revenue of $151K, expenses of $136K, and assets of $42K (revenue -12.9% year-over-year).
- 2018: Revenue of $173K, expenses of $179K, and assets of $38K (revenue -0.7% year-over-year).
- 2017: Revenue of $174K, expenses of $160K, and assets of $39K (revenue +19.4% year-over-year).
- 2016: Revenue of $146K, expenses of $161K, and assets of $25K (revenue +1.9% year-over-year).
- 2015: Revenue of $143K, expenses of $140K, and assets of $36K (revenue -3.9% year-over-year).
- 2014: Revenue of $149K, expenses of $156K, and assets of $34K (revenue -0.6% year-over-year).
- 2013: Revenue of $150K, expenses of $142K, and assets of $43K (revenue +1.4% year-over-year).
- 2012: Revenue of $148K, expenses of $156K, and assets of $39K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Omaha Film Festival:
Data Sources and Methodology
This transparency report for Omaha Film Festival is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.