INDEPENDENT THINKING & NEW MEDIA FOUNDATION CORP: Form 990PF, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
INDEPENDENT THINKING & NEW MEDIA FOUNDATION CORP (EIN 13-4147350)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-04-02
IRS object ID
202510929349100106
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-04-02T05:40:05-07:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN132992850PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Kamerman Uncyk Soniker & Klein PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line11700 Broadway 16th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Return Type990PFReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN134147350EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1INDEPENDENT NEW MEDIA FOUNDATION FKABusinessNameLine1Txt
Business Name Line2INDEP THINKING & NEW MEDIA FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlINDEBusinessNameControlTxt
Phone2124004930PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1c/o Kamerman 1700 Broadway 16 FlAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMAGGIE YAOPersonNm
Person TitlePresidentPersonTitleTxt
Signature2025-04-02SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonMartin KleinPreparerPersonNm
PTINP01006807PTIN
Phone2124004930PhoneNum
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-PF IRS990PF

FieldValueIRS element (for citing)
Organization501c3 Exempt PFYes (X)Organization501c3ExemptPFInd
FMV Assets EOY$32,342FMVAssetsEOYAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd

Analysis Of Revenue And Expenses AnalysisOfRevenueAndExpenses

FieldValueIRS element (for citing)
Contri Rcvd Rev And Expnss$7,000ContriRcvdRevAndExpnssAmt
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Interest On Sav Rev And Expnss$3InterestOnSavRevAndExpnssAmt
Interest On Sav Net Invst Incm$3InterestOnSavNetInvstIncmAmt
Interest On Savings Adj Net Incm$3InterestOnSavingsAdjNetIncmAmt
Net Gain Sale Ast Rev And Expnss-$27,775NetGainSaleAstRevAndExpnssAmt
Gross Sales Price$285,216GrossSalesPriceAmt
Total Rev And Expnss-$20,772TotalRevAndExpnssAmt
Total Net Invst Incm$3TotalNetInvstIncmAmt
Total Adj Net Incm$3TotalAdjNetIncmAmt
Other Expenses Rev And Expnss$436OtherExpensesRevAndExpnssAmt
Tot Opr Expenses Rev And Expnss$436TotOprExpensesRevAndExpnssAmt
Tot Opr Expenses Net Invst Incm$0TotOprExpensesNetInvstIncmAmt
Tot Opr Expenses Dsbrs Chrtbl$0TotOprExpensesDsbrsChrtblAmt
Contri Paid Rev And Expnss$0ContriPaidRevAndExpnssAmt
Contri Paid Dsbrs Chrtbl$0ContriPaidDsbrsChrtblAmt
Total Expenses Rev And Expnss$436TotalExpensesRevAndExpnssAmt
Total Expenses Net Invst Incm$0TotalExpensesNetInvstIncmAmt
Total Expenses Dsbrs Chrtbl$0TotalExpensesDsbrsChrtblAmt
Excess Revenue Over Expenses-$21,208ExcessRevenueOverExpensesAmt
Net Investment Income$3NetInvestmentIncomeAmt
Adjusted Net Income$3AdjustedNetIncomeAmt

Form990 PF Balance Sheets Form990PFBalanceSheetsGrp

FieldValueIRS element (for citing)
Cash BOY$1,624CashBOYAmt
Cash EOY$1,424CashEOYAmt
Sav And Temp Cash Invst BOY$54,321SavAndTempCashInvstBOYAmt
Sav And Temp Cash Invst EOY$16,316SavAndTempCashInvstEOYAmt
Corporate Stock BOY$34,528CorporateStockBOYAmt
Corporate Stock EOY$53,003CorporateStockEOYAmt
Corporate Stock EOYFMV$32,342CorporateStockEOYFMVAmt
Land Bldg Equip Cost Or Other Bss$16,200LandBldgEquipCostOrOtherBssAmt
Land BOY$16,200LandBOYAmt
Land EOY$16,200LandEOYAmt
Total Assets BOY$106,673TotalAssetsBOYAmt
Total Assets EOY$86,943TotalAssetsEOYAmt
Total Assets EOYFMV$32,342TotalAssetsEOYFMVAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Org Does Not Follow FASB117Yes (X)OrgDoesNotFollowFASB117Ind
Capital Stock BOY$225,000CapitalStockBOYAmt
Capital Stock EOY$225,000CapitalStockEOYAmt
Retained Earning BOY-$118,327RetainedEarningBOYAmt
Retained Earning EOY-$138,057RetainedEarningEOYAmt
Tot Net Ast Or Fund Balances BOY$106,673TotNetAstOrFundBalancesBOYAmt
Tot Net Ast Or Fund Balances EOY$86,943TotNetAstOrFundBalancesEOYAmt
Total Liabilities Net Ast BOY$106,673TotalLiabilitiesNetAstBOYAmt
Total Liabilities Net Ast EOY$86,943TotalLiabilitiesNetAstEOYAmt

Chg In Net Assets Fund Balances ChgInNetAssetsFundBalancesGrp

FieldValueIRS element (for citing)
Tot Net Ast Or Fund Balances BOY$106,673TotNetAstOrFundBalancesBOYAmt
Excess Revenue Over Expenses-$21,208ExcessRevenueOverExpensesAmt
Other Increases$1,478OtherIncreasesAmt
Subtotal$86,943SubtotalAmt
Tot Net Ast Or Fund Balances EOY$86,943TotNetAstOrFundBalancesEOYAmt

Cap Gains Loss Tx Invst Incm Detail CapGainsLossTxInvstIncmDetail

Cap Gains Loss Tx Invst Incm CapGainsLossTxInvstIncmGrp (19 entries)

PropertyPropertyDescHow AcquiredHowAcquiredCdAcquiredAcquiredDtSoldSoldDtGross Sales PriceGrossSalesPriceAmtCost Or Other BasisCostOrOtherBasisAmtGain Or LossGainOrLossAmtGains Minus Excess Or LossesGainsMinusExcessOrLossesAmt
10000 Canaan IncP2024-01-112024-01-11$20,818$23,999-$3,181-$3,181
10000 Canaan IncP2024-02-262024-02-27$17,998$19,192-$1,194-$1,194
2000 Rumble IncP2024-01-262024-01-30$11,900$11,780$120$120
2000 Rumble IncP2024-02-202024-02-22$14,070$15,280-$1,210-$1,210
9000 Faraday FutureP2024-05-172004-05-29$22,463$25,186-$2,723-$2,723
10000 BitFarms LtdP2024-02-122024-02-20$33,998$31,080$2,918$2,918
5000 TheMetals CoP2024-03-132024-03-25$7,700$10,150-$2,450-$2,450
5000 Galliano Gold IncP2024-07-162024-07-18$9,155$9,950-$795-$795
10000 36Kr Holdings IncP2024-09-032024-09-10$2,400$2,998-$598-$598
3000 Bit DigitalP2024-09-262024-09-27$11,011$11,393-$382-$382
10000 Bit DigitalP2024-03-122024-03-12$21,708$25,286-$3,578-$3,578
1000 IntelP2024-09-252024-09-27$23,732$23,969-$237-$237
5000 Bit DigitalP2024-06-042024-06-06$13,499$14,200-$701-$701
5000 Bit DigitalP2024-06-072024-06-12$12,574$14,200-$1,626-$1,626
5000 KodakP2024-05-202024-07-18$27,913$26,519$1,394$1,394
5000 KodakP2024-07-182024-08-05$23,422$28,600-$5,178-$5,178
1500 KodakP2024-11-272024-12-26$10,586$9,532$1,054$1,054
575 Fuell CellP2021-08-092024-08-01$265$4,147-$3,882-$3,882
5000 Manhattan ScientificP2021-08-092024-08-01$4$5,530-$5,526-$5,526
FieldValueIRS element (for citing)
Capital Gain Net Income-$27,775CapitalGainNetIncomeAmt
Net Short Term Capital Gain Loss-$18,367NetShortTermCapitalGainLossAmt

Excise Tax Based On Invst Incm ExciseTaxBasedOnInvstIncmGrp

FieldValueIRS element (for citing)
Investment Income Excise Tax$0InvestmentIncomeExciseTaxAmt
Tax Due$0TaxDueAmt
Applied To ES Tax$0AppliedToESTaxAmt

Statements Regarding Acty StatementsRegardingActyGrp

FieldValueIRS element (for citing)
Legislative Political ActyfalseLegislativePoliticalActyInd
More Than100 SpentfalseMoreThan100SpentInd
Form1120 POL FiledfalseForm1120POLFiledInd
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Changes To Articles Or BylawsfalseChangesToArticlesOrBylawsInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Section508e Rqr SatisfiedYes (true)Section508eRqrSatisfiedInd
At Least5000 In AssetsYes (true)AtLeast5000InAssetsInd
Org Report Or Register StateNYOrgReportOrRegisterStateCd
Form990 PF Filed With Atty GenYes (true)Form990PFFiledWithAttyGenInd
Private Operating FoundationfalsePrivateOperatingFoundationInd
New Substantial ContributorsfalseNewSubstantialContributorsInd
Own Controlled EntityfalseOwnControlledEntityInd
Donor Advised FundfalseDonorAdvisedFundInd
Comply With Public Insp RqrYes (true)ComplyWithPublicInspRqrInd
Website AddressN/AWebsiteAddressTxt

Persons With Books Name PersonsWithBooksName

FieldValueIRS element (for citing)
Business Name Line1MAGGIE YAOBusinessNameLine1Txt
FieldValueIRS element (for citing)
Phone2124004930PhoneNum

Location Of Books US Address LocationOfBooksUSAddress

FieldValueIRS element (for citing)
Address Line11700 Broadway 16th FloorAddressLine1Txt
CityNew YorkCityNm
State AbbreviationNYStateAbbreviationCd
ZIP10019ZIPCd
FieldValueIRS element (for citing)
Foreign Accounts QuestionfalseForeignAccountsQuestionInd

Statements Regarding Acty4720 StatementsRegardingActy4720Grp

FieldValueIRS element (for citing)
Sale Or Exch Disqualified PrsnfalseSaleOrExchDisqualifiedPrsnInd
Brrw Or Lend Disqualified PrsnfalseBrrwOrLendDisqualifiedPrsnInd
Furn Goods Disqualified PrsnfalseFurnGoodsDisqualifiedPrsnInd
Pay Comp Disqualified PrsnfalsePayCompDisqualifiedPrsnInd
Transfer Ast Disqualified PrsnfalseTransferAstDisqualifiedPrsnInd
Payment To Government OfficialfalsePaymentToGovernmentOfficialInd
Acts Fail To Qlfy As ExceptionsfalseActsFailToQlfyAsExceptionsInd
Uncorrected Prior ActsfalseUncorrectedPriorActsInd
Undistributed Income PYfalseUndistributedIncomePYInd
Business HoldingsfalseBusinessHoldingsInd
Jeopardy InvestmentsfalseJeopardyInvestmentsInd
Uncorrected PY Jeopardy InvstfalseUncorrectedPYJeopardyInvstInd
Influence LegislationfalseInfluenceLegislationInd
Influence ElectionfalseInfluenceElectionInd
Grants To IndividualsfalseGrantsToIndividualsInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Noncharitable PurposefalseNoncharitablePurposeInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd

Officer Dir Trst Key Empl Info OfficerDirTrstKeyEmplInfoGrp

Officer Dir Trst Key Empl OfficerDirTrstKeyEmplGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdTitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmt
MAGGIE YAO
c/o Kamerman 1700 Broadway 16New YorkNY10019Pres, Director0.00$0
Winston Yao
c/o Kamerman 1700 Braodway 16New YorkNY10019Director, Treas0.00$0
Lingqin Pan
c/o Kamerman 1700 BroadwayNEW YORKNY10019Director, Secy0.00$0
FieldValueIRS element (for citing)
Comp Of Hghst Pd Empl Or NONENONECompOfHghstPdEmplOrNONETxt
Comp Of Hghst Pd Cntrct Or NONENONECompOfHghstPdCntrctOrNONETxt

Minimum Investment Return MinimumInvestmentReturnGrp

FieldValueIRS element (for citing)
Average Monthly FMV Of Sec$15,352AverageMonthlyFMVOfSecAmt
Average Monthly Cash Balances$30,139AverageMonthlyCashBalancesAmt
FMV All Other Noncharitable Ast$0FMVAllOtherNoncharitableAstAmt
Total FMV Of Unused Assets$45,491TotalFMVOfUnusedAssetsAmt
Reduction Claimed$0ReductionClaimedAmt
Adjusted Total FMV Of Unused Ast$45,491AdjustedTotalFMVOfUnusedAstAmt
Cash Deemed Charitable$682CashDeemedCharitableAmt
Net Vl Noncharitable Assets$44,809NetVlNoncharitableAssetsAmt
Minimum Investment Return$2,240MinimumInvestmentReturnAmt

Distributable Amount DistributableAmountGrp

FieldValueIRS element (for citing)
Minimum Investment Return$2,240MinimumInvestmentReturnAmt
Distributable Before Adj$2,240DistributableBeforeAdjAmt
Distributable Before Ded$2,240DistributableBeforeDedAmt
Distributable As Adjusted$2,240DistributableAsAdjustedAmt

PF Qualifying Distributions PFQualifyingDistributionsGrp

FieldValueIRS element (for citing)
Expenses And Contributions$0ExpensesAndContributionsAmt

Undistributed Income UndistributedIncomeGrp

FieldValueIRS element (for citing)
Distributable As Adjusted$2,240DistributableAsAdjustedAmt
Excess Distribution Cyov Yr5$1,040ExcessDistributionCyovYr5Amt
Excess Distribution Cyov Yr2$17,170ExcessDistributionCyovYr2Amt
Excess Distribution Cyov Yr1$8,057ExcessDistributionCyovYr1Amt
Total Excess Distribution Cyov$26,267TotalExcessDistributionCyovAmt
Treated As Distri From Corpus$0TreatedAsDistriFromCorpusAmt
Excess Distri Cyov App CY Corpus$2,240ExcessDistriCyovAppCYCorpusAmt
Excess Distribution Cyov App CY$2,240ExcessDistributionCyovAppCYAmt
Total Corpus$24,027TotalCorpusAmt
Undistributed Income CY$0UndistributedIncomeCYAmt
Excess Distri Cyov To Next Yr$24,027ExcessDistriCyovToNextYrAmt
Excess From Year2$15,970ExcessFromYear2Amt
Excess From Year1$8,057ExcessFromYear1Amt

Supplementary Information SupplementaryInformationGrp

FieldValueIRS element (for citing)
Only Contri To PreselectedYes (X)OnlyContriToPreselectedInd

Analysis Income Producing Acty AnalysisIncomeProducingActyGrp

Int On Sav And Temp Cash Invst IntOnSavAndTempCashInvstGrp

FieldValueIRS element (for citing)
Exclusion14ExclusionCd
Exclusion$3ExclusionAmt

Dividends And Interest From Sec Dtl DividendsAndInterestFromSecDtl

FieldValueIRS element (for citing)
Exclusion14ExclusionCd

Gain Sales Ast Oth Than Invntry GainSalesAstOthThanInvntryGrp

FieldValueIRS element (for citing)
Related Or Exempt Function Incm-$27,775RelatedOrExemptFunctionIncmAmt

Subtotals Incm Producing Acty SubtotalsIncmProducingActyGrp

FieldValueIRS element (for citing)
Exclusion$3ExclusionAmt
Related Or Exempt Function Incm-$27,775RelatedOrExemptFunctionIncmAmt
FieldValueIRS element (for citing)
Total Income Producing Acty-$27,772TotalIncomeProducingActyAmt

Trnsfr Trans Rln Nonchrtbl EO TrnsfrTransRlnNonchrtblEOGrp

FieldValueIRS element (for citing)
Trnsfr Of Cash To Nonchrtbl EOfalseTrnsfrOfCashToNonchrtblEOInd
Trnsfr Other Asset Nonchrtbl EOfalseTrnsfrOtherAssetNonchrtblEOInd
Sales Or Exchanges Of AssetsfalseSalesOrExchangesOfAssetsInd
Purchase Of Assets Nonchrtbl EOfalsePurchaseOfAssetsNonchrtblEOInd
Rental Of Facilities Oth AssetsfalseRentalOfFacilitiesOthAssetsInd
Reimbursement ArrangementsfalseReimbursementArrangementsInd
Loans Or Loan GuaranteesfalseLoansOrLoanGuaranteesInd
Performance Of Services EtcfalsePerformanceOfServicesEtcInd
Sharing Of Facilities EtcfalseSharingOfFacilitiesEtcInd
Relationships Nonchrtbl EOfalseRelationshipsNonchrtblEOInd

Investments Corp Stock Schedule InvestmentsCorpStockSchedule

Investments Corporate Stock InvestmentsCorporateStockGrp (8 entries)

StockStockNmEOY Book ValueEOYBookValueAmtEOYFMVEOYFMVAmt
10,000 Infinito Gold Ltd$18,790
2 Santana Mining Inc$2,158
74 Cinedigm Corp/Cineverse Corp$1,494$271
1,000 Sorrento Therapeutics Inc$2,409$1
141 Scilex Holding Co Rst$1,478$60
1500 Kodak$9,532$9,855
1500 Kodak$11,145$9,855
2000 Sealsq Corp$5,997$12,300

Land Etc Schedule2 LandEtcSchedule2

Land Etc LandEtcGrp

FieldValueIRS element (for citing)
Category Or ItemBuildingsCategoryOrItemTxt
Cost Or Other Basis$16,200CostOrOtherBasisAmt
Book Value$16,200BookValueAmt

Other Expenses Schedule OtherExpensesSchedule

Other Expenses Schedule OtherExpensesScheduleGrp (2 entries)

DescDescRevenue And Expenses Per BooksRevenueAndExpensesPerBooksAmt
Brokerage/Bank Fees$386
NYS Department of Law$50

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