MEDIA DEVELOPMENT INVESTMENT FUND INC: Form 990, tax year 2018
View the entire original 990 at ProPublica ↗
- Organization
- MEDIA DEVELOPMENT INVESTMENT FUND INC (EIN 13-4052259)
- Tax period
- 2018-01-01 to 2018-12-31
- Filed
- 2019-11-14
- IRS object ID
- 201943189349303819
- Schema version
- 2018v3.1
- 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-11-14T10:14:25-06:00 | ReturnTs |
| Tax Period End | 2018-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 113518842 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MARKS PANETH LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 685 THIRD AVENUE | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10017 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2018-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134052259 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDIA DEVELOPMENT INVESTMENT FUND INC | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | MEDI | BusinessNameControlTxt |
| Phone | 2128071304 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET SUITE 801 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | HARLAN MANDEL | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 2128071304 | PhoneNum |
| Signature | 2019-11-13 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | MAGDALENA M CZERNIAWSKI | PreparerPersonNm |
| PTIN | P00535099 | PTIN |
| Phone | 2125038800 | PhoneNum |
| Preparation | 2019-11-13 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 69.74.165.34 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-11-13 | IPDt |
| IP Tm | 13:59:17 | IPTm |
| IP Timezone | ES | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | 29D158936A1E3CEDF8CE6B8BABB02A1BB75FF2D8 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 86324AA6648A884C06306129ED8808CB1BD1A3DC | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2018 | TaxYr |
| Build TS | 2020-03-31 21:24:44Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | HARLAN MANDEL | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET SUITE 801 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $7,144,674 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.MDIF.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1995 | FormationYr |
| Legal Domicile State | NY | LegalDomicileStateCd |
| Activity Or Mission | SEE SCHEDULE O. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 6 | VotingMembersIndependentCnt |
| Total Employee | 15 | TotalEmployeeCnt |
| Total Volunteers | 6 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $9,400 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,774,799 | PYContributionsGrantsAmt |
| CY Contributions Grants | $5,355,285 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,405,875 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,585,346 | CYProgramServiceRevenueAmt |
| PY Investment Income | $59,901 | PYInvestmentIncomeAmt |
| CY Investment Income | $99,138 | CYInvestmentIncomeAmt |
| PY Other Revenue | $366,395 | PYOtherRevenueAmt |
| CY Other Revenue | $96,617 | CYOtherRevenueAmt |
| PY Total Revenue | $9,606,970 | PYTotalRevenueAmt |
| CY Total Revenue | $7,136,386 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $1,096,394 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $1,414,559 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,234,020 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $3,773,237 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $122,969 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,501,770 | PYOtherExpensesAmt |
| CY Other Expenses | $7,545,807 | CYOtherExpensesAmt |
| PY Total Expenses | $6,832,184 | PYTotalExpensesAmt |
| CY Total Expenses | $12,733,603 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $2,774,786 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$5,597,217 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $38,686,299 | TotalAssetsBOYAmt |
| Total Assets EOY | $34,831,574 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $14,737,460 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $16,663,094 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $23,948,839 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $18,168,480 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MDIF PROVIDES AFFORDABLE FINANCING AND TECHNICAL ASSISTANCE TO INDEPENDENT NEWS AND INFORMATION BUSINESSES IN CHALLENGING ENVIRONMENTS, HELPING THEM TO BECOME FINANCIALLY SUSTAINABLE. SEE SCHEDULE O FOR CONTINUATION. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $11,554,485 | ExpenseAmt |
| Grant | $1,414,559 | GrantAmt |
| Revenue | $1,615,567 | RevenueAmt |
| Desc | MDIF PROVIDES LOAN AND EQUITY FINANCING BY WAY OF "PROGRAM RELATED INVESTMENTS" (PRIS), THAT ALLOW NON-PROFITS TO MAKE INVESTMENTS IN FIRMS WHOSE WORK WILL FURTHER THEIR CHARITABLE MISSION. MDIF MAINTAINS A SEGREGATED POOL OF FUNDS FROM WHICH IT MAKES PRIS. LOAN REPAYMENTS ARE RECYCLED THROUGH THE POOL FOR REINVESTMENT.WITH EVERY PRI, MDIF PROVIDES CUSTOMIZED TRAINING AND TECHNICAL ASSISTANCE TO ITS BENEFICIARIES, FROM THE FIRST STAGE OF DEVELOPING A BUSINESS PLAN THROUGH TO THE FINAL DISCHARGE OF THE INVESTMENTS. IN ADDITION, MDIF TRAINS MEDIA ORGANIZATIONS IN THE USE AND TRANSFER OF INTERNET-BASED TECHNOLOGY AND ITS IMPACT ON THE FUTURE DEVELOPMENT OF MEDIA BUSINESS.SEE SCHEDULE O FOR CONTINUATION. | Desc |
| Total Program Service Expenses | $11,554,485 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | Yes (1) | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (1) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | 0 | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | Yes (1) | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| Info In Schedule O Part V | Yes (X) | InfoInScheduleOPartVInd |
| IRP Document | 61 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 15 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | Yes (1) | ForeignFinancialAccountInd |
| Foreign Country | EZ | ForeignCountryCd |
| Foreign Country | SZ | ForeignCountryCd |
| Foreign Country | PL | ForeignCountryCd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | RI | ForeignCountryCd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 6 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | Yes (1) | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MIKE LEE | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2128071304 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET SUITE 801 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (17 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|
| ADRIAAN STOOP | |||||||
| DIRECTOR (AS OF 4/18) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ALEXANDER PAPACHRISTOU | |||||||
| TREASURER (THRU 11/18) | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| ALEXEJ FULMEK | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| BERNARD POULET | |||||||
| CHAIRMAN | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| HARLAN MANDEL | |||||||
| CHIEF EXECUTIVE OFFICER | 40.00 | Yes (X) | $242,803 | $0 | $61,256 | Yes (X) | |
| HOUSTON SPENCER | |||||||
| DIRECTOR (THRU 06/18) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| NANI JANSEN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| SHEILA CORONEL | |||||||
| VICE CHAIR | 2.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| TONY HAILE | |||||||
| DIRECTOR (THRU 04/18) | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| YING-YUEN CHAN | |||||||
| DIRECTOR | 2.00 | Yes (X) | $0 | $0 | $0 | ||
| ELENA POPOVIC | |||||||
| SECRETARY/GENERAL COUNSEL | 40.00 | $90,060 | $66,504 | $23,302 | Yes (X) | ||
| MARI BUDESA | |||||||
| CHIEF FINANCIAL OFFICER | 40.00 | $170,585 | $0 | $37,402 | Yes (X) | ||
| MARIE NEMCOVA | |||||||
| CHIEF OPERATING OFFICER | 40.00 | $98,790 | $0 | $0 | Yes (X) | ||
| MOHAMED NANABHAY | |||||||
| DEPUTY CEO | 40.00 | $0 | $0 | $0 | Yes (X) | ||
| KEVIN BROCKLAND | |||||||
| INVESTMENT OFFICER | 40.00 | $108,826 | $0 | $33,943 | Yes (X) | ||
| KIHARA KIARIE | |||||||
| CHIEF INVESTMENT OFFICER | 40.00 | $166,054 | $0 | $50,438 | Yes (X) | ||
| RASHID MALIK | |||||||
| PRINCIPAL INVESTMENT OFFICER | 40.00 | $145,104 | $0 | $44,413 | Yes (X) | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,022,222 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $66,504 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $250,754 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 6 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (4 entries)
| Address Line1ContractorAddress/ForeignAddress/AddressLine1Txt | CityContractorAddress/ForeignAddress/CityNm | Province Or StateContractorAddress/ForeignAddress/ProvinceOrStateNm | CountryContractorAddress/ForeignAddress/CountryCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| NISALUX PTY LTD | |||||
| UNIT B P 6TH STREET | HOUGHTON ESTATE | JOHANNESBURG | SF | CONSULTANT | $220,753 |
| PATRICE SCHNEIDER | |||||
| BAHNHOFSTRASSE 112 | RUSCHLIKON | SZ | CONSULTANT | $143,077 | |
| BILAL RANDEREE | |||||
| 137 PERTH ROAD | WESTDENE | JOHANNESBURG | SF | CONSULTANT | $115,200 |
| PT BINTANG LARASATI MITRA SENTOSA | |||||
| SATRIO TOWER | MEGA KUNINGAN | JAKARTA SELATAN | IN | CONSULTANT | $105,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 4 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $5,355,285 | AllOtherContributionsAmt |
| Total Contributions | $5,355,285 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| PROGRAM RELATED INVEST | 900099 | $915,037 | $915,037 |
| MANAGEMENT FEES | 900099 | $460,779 | $460,779 |
| PRI CAPITAL RECOVERY | 900099 | $209,530 | $209,530 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,585,346 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $81,320 | TotalRevenueColumnAmt |
| Exclusion | $81,320 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $152,503 | RealAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $8,288 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $144,215 | RealAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $144,215 | TotalRevenueColumnAmt |
| Exclusion | $144,215 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,818 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $17,818 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $17,818 | TotalRevenueColumnAmt |
| Exclusion | $17,818 | ExclusionAmt |
Other Revenue Misc OtherRevenueMiscGrp (2 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt | ExclusionExclusionAmt |
|---|---|---|---|
| OTHER INCOME | $30,221 | $30,221 | |
| FOREIGN REALIZED LOSS | -$77,819 | -$77,819 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | -$47,598 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,136,386 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,615,567 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $165,534 | ExclusionAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,414,559 | TotalAmt |
| Program Services | $1,414,559 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $622,912 | TotalAmt |
| Program Services | $385,083 | ProgramServicesAmt |
| Management And General | $138,424 | ManagementAndGeneralAmt |
| Fundraising | $99,405 | FundraisingAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,475,929 | TotalAmt |
| Program Services | $2,376,492 | ProgramServicesAmt |
| Management And General | $92,482 | ManagementAndGeneralAmt |
| Fundraising | $6,955 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,063 | TotalAmt |
| Program Services | $150,751 | ProgramServicesAmt |
| Management And General | $7,876 | ManagementAndGeneralAmt |
| Fundraising | -$4,564 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $280,893 | TotalAmt |
| Program Services | $252,757 | ProgramServicesAmt |
| Management And General | $25,104 | ManagementAndGeneralAmt |
| Fundraising | $3,032 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $239,440 | TotalAmt |
| Program Services | $205,947 | ProgramServicesAmt |
| Management And General | $25,696 | ManagementAndGeneralAmt |
| Fundraising | $7,797 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $204,000 | TotalAmt |
| Management And General | $204,000 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $145,083 | TotalAmt |
| Program Services | $139,458 | ProgramServicesAmt |
| Management And General | $5,625 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $27,039 | TotalAmt |
| Management And General | $27,039 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $750,246 | TotalAmt |
| Program Services | $644,568 | ProgramServicesAmt |
| Management And General | $105,678 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,463 | TotalAmt |
| Program Services | $8,769 | ProgramServicesAmt |
| Management And General | $2,694 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $111,919 | TotalAmt |
| Program Services | $63,499 | ProgramServicesAmt |
| Management And General | $47,865 | ManagementAndGeneralAmt |
| Fundraising | $555 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $171,999 | TotalAmt |
| Program Services | $130,444 | ProgramServicesAmt |
| Management And General | $41,555 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $355,772 | TotalAmt |
| Program Services | $322,480 | ProgramServicesAmt |
| Management And General | $33,292 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $584,236 | TotalAmt |
| Program Services | $538,528 | ProgramServicesAmt |
| Management And General | $35,974 | ManagementAndGeneralAmt |
| Fundraising | $9,734 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $310,116 | TotalAmt |
| Program Services | $106,765 | ProgramServicesAmt |
| Management And General | $203,351 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $79,768 | TotalAmt |
| Program Services | $44,781 | ProgramServicesAmt |
| Management And General | $34,987 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,095 | TotalAmt |
| Program Services | $39,377 | ProgramServicesAmt |
| Management And General | $17,718 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| PROVISION FOR PRI LOSSE | $4,713,333 | $4,713,333 | ||
| MISCELLANEOUS | $22,754 | $16,558 | $6,141 | $55 |
| TAXES AND FEES | $984 | $336 | $648 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,733,603 | TotalAmt |
| Program Services | $11,554,485 | ProgramServicesAmt |
| Management And General | $1,056,149 | ManagementAndGeneralAmt |
| Fundraising | $122,969 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,035,826 | BOYAmt |
| EOY | $6,136,971 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $122,159 | BOYAmt |
| EOY | $354,427 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,411,866 | BOYAmt |
| EOY | $3,891,312 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,345,089 | BOYAmt |
| EOY | $88,785 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,282,486 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,117,145 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $228,126 | BOYAmt |
| EOY | $165,341 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,315,108 | BOYAmt |
| EOY | $3,855,335 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,228,125 | BOYAmt |
| EOY | $17,053,442 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $3,285,961 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,686,299 | BOYAmt |
| EOY | $34,831,574 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $726,131 | BOYAmt |
| EOY | $852,190 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $71,434 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $13,492,438 | BOYAmt |
| EOY | $15,012,059 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $518,891 | BOYAmt |
| EOY | $727,411 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,737,460 | BOYAmt |
| EOY | $16,663,094 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,103,245 | BOYAmt |
| EOY | $10,321,441 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,845,594 | BOYAmt |
| EOY | $7,847,039 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,948,839 | BOYAmt |
| EOY | $18,168,480 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $38,686,299 | BOYAmt |
| EOY | $34,831,574 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$5,597,217 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$202,268 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | $19,126 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,008,481 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,129,313 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,309,054 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,774,799 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,355,285 | CurrentTaxYearAmt |
| Total | $47,576,932 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $20,008,481 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $8,129,313 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $6,309,054 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,774,799 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $5,355,285 | CurrentTaxYearAmt |
| Total | $47,576,932 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $25,388,542 | SubstantialContributorsTotAmt |
| Public Support Total170 | $22,188,390 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $362,181 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $261,631 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $226,421 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $145,908 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $233,823 | CurrentTaxYearAmt |
| Total | $1,229,964 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $30,822 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $9,603 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $247,711 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $280,388 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $30,221 | CurrentTaxYearAmt |
| Total | $598,745 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $49,405,641 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $6,429,357 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.44910 | PublicSupportCY170Pct |
| Public Support PY170 | 0.25120 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS - 2014 AMOUNT: $ 30,822. 2015 AMOUNT: $ 9,603. 2016 AMOUNT: $ 163,885. 2018 AMOUNT: $ 30,221. ADMINISTRATIVE FEES - 2016 AMOUNT: $ 61,751. OTHER PRI INCOME - 2016 AMOUNT: $ 22,075. 2017 AMOUNT: $ 280,388. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $373,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $313,818 | DepreciationAmt |
| Book Value | $59,182 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $436,262 | OtherCostOrOtherBasisAmt |
| Depreciation | $407,548 | DepreciationAmt |
| Book Value | $28,714 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $473,224 | OtherCostOrOtherBasisAmt |
| Depreciation | $395,779 | DepreciationAmt |
| Book Value | $77,445 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $165,341 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (6 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| $12,670,766 | C | |
| TELEVISION | $2,065,866 | C |
| RADIO | $1,054,784 | C |
| ONLINE | $9,616,050 | C |
| UNREMITTED EQUITY IN NET | -$1,604,260 | C |
| ALLOWANCE FOR DOUBTFUL ACCOUNTS | -$6,749,764 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $17,053,442 | TotalBookValueProgramRltdAmt |
Other Assets Org OtherAssetsOrgGrp (4 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| RESTRICTED CASH | $2,065,685 |
| SECURITY DEPOSTIS | $173,601 |
| RECEIVABLE FROM AFFILIATES | $283,504 |
| OTHER ASSESTS | $763,171 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $3,285,961 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED CAPTIAL GAIN ON PRIS | $518,891 |
| SECURITY DEPOSIT PAYABLE | $63,096 |
| DEFERRED RENT | $145,424 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $727,411 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $6,719,412 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$202,268 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $19,492 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$207,159 | OtherRevenueAmt |
| Revenue Not Reported | -$389,935 | RevenueNotReportedAmt |
| Revenue Subtotal | $7,109,347 | RevenueSubtotalAmt |
| Investment Expenses Not Incld | $27,039 | InvestmentExpensesNotIncldAmt |
| Revenue Not Reported Fincl Stmt | $27,039 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $7,136,386 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $12,884,191 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $19,492 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $158,135 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $177,627 | ExpensesNotReportedAmt |
| Expenses Subtotal | $12,706,564 | ExpensesSubtotalAmt |
| Investment Expenses Not Incld2 | $27,039 | InvestmentExpensesNotIncld2Amt |
| Expenses Not Rpt Fincl Stmt | $27,039 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $12,733,603 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART X, LINE 2: | THE FUND BELIEVES IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2018 AND 2017 IN ACCORDANCE WITH FASB ASC TOPIC 740, INCOME TAXES, WHICH PROVIDES STANDARDS FOR ESTABLISHING AND CLASSIFYING ANY TAX PROVISIONS FOR UNCERTAIN TAX POSITIONS. |
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | RELATED ENTITIES' REVENUE 10,000. CONSOLIDATING ELIMINATION -338,250. EQUITY IN NET LOSSES OF INVESTMENTS 240,325. UNREALIZED FOREIGN LOSS -119,234. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | RELATED ENTITIES' EXPENSES 485,985. CONSOLIDATING ELIMINATION -338,250. NON-DEDUCTIBLE TRANSPORTATION BENEFITS 10,400. |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (11 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|
| EUROPE | 1 | 12 | GRANTMAKING | $47,141 |
| SOUTH ASIA | 0 | 0 | GRANTMAKING | $279,751 |
| SUB-SAHARAN AFRICA | 0 | 0 | GRANTMAKING | $315,263 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | GRANTMAKING | $58,187 |
| SOUTH AMERICA | 0 | 0 | GRANTMAKING | $627,568 |
| EAST ASIA AND THE PACIFIC | 0 | 2 | INVESTMENTS | $832,803 |
| EUROPE | 1 | 12 | INVESTMENTS | $938,000 |
| SUB-SAHARAN AFRICA | 0 | 0 | INVESTMENTS | $552,500 |
| SOUTH AMERICA | 0 | 0 | INVESTMENTS | $315,000 |
| RUSSIA AND NEIGHBORING STATES | 0 | 0 | GRANTMAKING | $82,716 |
| SOUTH ASIA | 0 | 0 | INVESTMENTS | $300,000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 2 | SubtotalOfficesCnt |
| Subtotal Employees | 26 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 2 | TotalOfficeCnt |
| Total Employee | 26 | TotalEmployeeCnt |
| Subtotal Spent | $3,651,213 | SubtotalSpentAmt |
| Continuation Spent | $697,716 | ContinuationSpentAmt |
| Total Spent | $4,348,929 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (49 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| EUROPE | TA GRANT | $290 |
| EUROPE | LOAN MODIFICATION | $12,076 |
| EUROPE | LOAN MODIFICATION | $24,996 |
| EUROPE | GENERAL SUPPORT GRANT | $2,250 |
| EUROPE | LOAN MODIFICATION | $43,394 |
| EUROPE | TA GRANT | $45,290 |
| EUROPE | TA GRANT | $227 |
| EUROPE | TA GRANT | $1,334 |
| SOUTH AMERICA | TA GRANT | $274,230 |
| SOUTH AMERICA | LOAN MODIFICATION | $204,687 |
| SOUTH AMERICA | TA GRANT | $9,000 |
| SOUTH AMERICA | TA GRANT | $3,666 |
| SOUTH AMERICA | GENERAL SUPPORT GRANT | $125,000 |
| SOUTH AMERICA | TA GRANT | $2,458 |
| SOUTH AMERICA | TA GRANT | $1,190 |
| SOUTH AMERICA | TA GRANT | $1,500 |
| SOUTH AMERICA | TA GRANT | $32,759 |
| SOUTH AMERICA | TA GRANT | $1,242 |
| SOUTH AMERICA | TA GRANT | $2,314 |
| SOUTH AMERICA | TA GRANT | $1,082 |
| SOUTH AMERICA | TA GRANT | $22,970 |
| SOUTH AMERICA | TA GRANT | $6,500 |
| SOUTH AMERICA | TA GRANT | $1,090 |
| SOUTH ASIA | TA GRANT | $1,720 |
| SOUTHEAST ASIA | TA GRANT | $1,210 |
| SOUTHEAST ASIA | TA GRANT | $9,600 |
| SOUTHEAST ASIA | TA GRANT | $14,450 |
| SOUTHEAST ASIA | TA GRANT | $45,300 |
| SOUTHEAST ASIA | TA GRANT | $14,000 |
| SOUTHEAST ASIA | TA GRANT | $5,490 |
| SOUTHEAST ASIA | TA GRANT | $8,000 |
| SOUTHEAST ASIA | TA GRANT | $144,600 |
| SOUTHEAST ASIA | TA GRANT | $1,346 |
| SOUTHEAST ASIA | TA GRANT | $4,000 |
| SOUTHEAST ASIA | TA GRANT | $18,500 |
| SOUTHEAST ASIA | TA GRANT | $11,535 |
| SUB SAHARAN AFRICA | TA GRANT | $39,171 |
| SUB SAHARAN AFRICA | TA GRANT | $40,080 |
| SUB SAHARAN AFRICA | TA GRANT | $38,619 |
| SUB SAHARAN AFRICA | TA GRANT | $27,079 |
| SUB SAHARAN AFRICA | TA GRANT | $26,824 |
| SUB SAHARAN AFRICA | TA GRANT | $29,478 |
| SUB SAHARAN AFRICA | TA GRANT | $1,000 |
| SUB SAHARAN AFRICA | TA GRANT | $15,659 |
| SUB SAHARAN AFRICA | TA GRANT | $27,349 |
| SUB SAHARAN AFRICA | TA GRANT | $25,544 |
| SUB SAHARAN AFRICA | TA GRANT | $5,535 |
| SUB SAHARAN AFRICA | TA GRANT | $380 |
| SUB SAHARAN AFRICA | TA GRANT | $38,543 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | Yes (1) | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (1) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 2: | APPLYING FOR MDIF FINANCING IS A DETAILED PROCESS THAT USUALLY TAKES SEVERAL MONTHS. MDIF UNDERTAKES A RIGOROUS PROCESS TO FULLY UNDERSTAND A BENEFICIARY'S BUSINESS AND THE INTENDED USE OF THE FUNDS TO BE GRANTED OR INVESTED IN THE ORGANIZATION. POTENTIAL BENEFICIARIES NEED TO UNDERSTAND THE DEMANDS THAT MDIF WILL MAKE ON THEM SHOULD THEIR APPLICATION BE SUCCESSFUL, SUCH AS INTENDED AND ACTUAL USE OF FUNDS. TO BE ELIGIBLE TO APPLY FOR MDIF FINANCING, A MEDIA OUTLET MUST HAVE BEEN OPREATING LEGALLY IN ITS HOME COUNTRY FOR AT LEAST A YEAR, ALTHOUGH THE BOARD MAY WAIVE THE ONE-YEAR REQUIREMENT WHEN THE MISSION SO REQUIRES, HAVE AN ESTABLISHED REPUTATION FOR PROMOTING DEMOCRATIC INSTITUTIONS AND PRACTICES AND EXERCISING THE PRINCIPLES OF A FREE, INDEPENDENT AND RESPONSIBLE PRESS, DEVOTE A SIGNIFICANT PART OF EDITORIAL CONTENT OR PROGRAMMING TO FACT-BASED NEWS AND DOCUMENTARIES, INDEPENDENT FROM THE INFLUENCE OF THE GOVERNMENT OR ANY OTHER INTEREST GROUP, OFFER COVERAGE OF DIFFERENT POLITICAL OPINIONS AND PROMOTE HUMAN RIGHTS, THE RIGHTS OF ETHNIC MINORITIES AND INTER-ETCHIC CO-EXISTENCE, NOT BE OWNED BY THE GOVERNMENT, A STATE AGENCY, A FOREIGN LEGAL ENTITY, OR AN OLIGARCH BUSINESS INTEREST THAT MAY INTERFERE WITH EDITORIAL INDEPENDENCE FOR ITS OWN INTERESTS, PRESENT A DETAILED PROJECT AIMED AT BROADENING AND STRENGTHENING THE OULET'S OPERATION, HAVE STRONG PROSPECTS OF BEING ABLE TO BECOME SELF SUSTAINING, ENSURE THAT FUNDS WILL BE USED AS STIPULATED, AND PROVIDE MDIF WITH UNRESTRICTED ACCESS TO ACCOUNTING RECORDS. |
| SCHEDULE F, PART I, LINE 3, COLUMN F: | MDIF HAS REPORTED TWO DIFFERENT TYPES OF TRANSACTIONS ON SCHEDULE F: 1. GRANTS MADE TO FOREIGN ORGANIZATIONS. THESE ARE DETAILED IN PART OF SCHEDULE F AND THE SUM REPORTED IN PART I TIES BACK TO FORM 990, PART IX, LINE 3. 2. LOAN AND EQUITY DISBURSEMENTS MADE TO FOREIGN ORGANIZATIONS DURING THE CURRENT YEAR. THE AMOUNTS REPORTED IN PART I, LINE 3, COLUMN (F) REPRESENT THE PROGRAM RELATED INVESTMENTS MDIF DISBURSED IN THE FORM OF LOANS, FINANCE LEASES AND EQUITY INVESTMENTS TO NEWSPAPER PUBLISHERS, TV, RADIO STATIONS, PRINTING HOUSES, NEWS AGENCIES AND ONLINE PUBLISHERS IN VAIOUS COUNTRIES. THE AMOUNTS LISTED REPRESENT THE CURRENT YEAR EXPENDITURES AND NOT THE COMULATIVE VALUE OF MDIF'S INVESTMENT. |
| SCHEDULE F, PART II, LINE 1, COLUMN D: | MDIF'S PRIMARY EXEMPT PURPOSE IS TO SUPPORT NEWS ORGANIZATIONS IN COUNTRIES WITH A HISTORY OF OPPRESSION OF FREEDOM OF EXPRESSION. OCCASIONALLY, MDIF WILL MAKE GRANTS TO ENTITIES IN THESE COUNTRIES TO PROVIDE LEADING JOURNALISTS WITH THE SUPPORT THEY NEED TO CREATE LASTING INSTITUTIONS FOR CHANGE. |
| SCHEDULE F, PART IV: | MEDIA DEVELOPMENT INVESTMENT FUND, INC. HOLDS SEVERAL PROGRAM RELATED INVESTMENTS OUTSIDE THE UNITED STATES. TO THE EXTENT THAT ITS OWNERSHIP OF THESE INVESTMENTS EXCEEDS THE THRESHOLDS FOR REQUIRING A FORM 926 OR FORM 5471, THOSE FILINGS HAVE BEEN ATTACHED TO THE ORGANIZATION'S FORM 990-T AS REQUIRED. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | 0 | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | 0 | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (5 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| HARLAN MANDEL | ||||||||||||||
| CHIEF EXECUTIVE OFFICER | $240,607 | $0 | $0 | $0 | $2,196 | $0 | $36,548 | $0 | $24,708 | $0 | $304,059 | $0 | $0 | $0 |
| ELENA POPOVIC | ||||||||||||||
| SECRETARY/GENERAL COUNSEL | $89,627 | $66,504 | $0 | $0 | $433 | $0 | $13,444 | $0 | $9,858 | $0 | $113,362 | $66,504 | $0 | $0 |
| MARI BUDESA | ||||||||||||||
| CHIEF FINANCIAL OFFICER | $167,749 | $0 | $0 | $0 | $2,836 | $0 | $25,294 | $0 | $12,108 | $0 | $207,987 | $0 | $0 | $0 |
| KIHARA KIARIE | ||||||||||||||
| CHIEF INVESTMENT OFFICER | $165,714 | $0 | $0 | $0 | $340 | $0 | $16,800 | $0 | $33,638 | $0 | $216,492 | $0 | $0 | $0 |
| RASHID MALIK | ||||||||||||||
| PRINCIPAL INVESTMENT OFFICER | $144,708 | $0 | $0 | $0 | $396 | $0 | $21,721 | $0 | $22,692 | $0 | $189,517 | $0 | $0 | $0 |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (11 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART I, LINE I: | MEDIA DEVELOPMENT INVESTMENT FUND, INC (MDIF) INVESTS IN INDEPENDENT MEDIA AROUND THE WORLD PROVIDING THE NEWS, INFORMATION AND DEBATE THAT PEOPLE NEED TO BUILD FREE, THRIVING SOCITIES. |
| FORM 990 PART III, LINE 1, DESCRIPTION OF MDIF'S MISSION CONTINUATION: | WE INVEST IN MEDIA THAT PROVIDE THE NEWS, INFORMATION AND DEBATE THAT PEOPLE NEED TO BUILD FREE, THRIVING SOCIETIES. MDIF HAS INVESTED MORE THAN $173.4 MILLION IN 113 INDEPENDENT NEWS BUSINESSES IN 39 COUNTRIES SINCE 1996. WHY WE ARE HERE: TIMELY, ACCURATE, RELEVANT INFORMATION IS CRITICAL TO FREE SOCIETIES. IT ENABLES FULLER PARTICIPATION IN PUBLIC LIFE, HOLDS THE POWERFUL TO ACCOUNT AND PROTECTS THE RIGHTS OF THE INDIVIDUAL. HOW WE CHOOSE CLIENTS AND AREAS OF OPERATIONS: MDIF INVESTS IN INDEPENDENT MEDIA COMPANIES IN A RANGE OF COUNTRIES WHERE ACCESS TO FREE AND INDEPENDENT MEDIA IS UNDER THREAT. CLIENTS ARE SELECTED BASED ON THREE BROAD CRITERIA: MISSION IMPACT IN RELATION TO INVESTMENT; POTENTIAL FOR LONG-TERM VIABILITY; EDITORIAL INTEGRITY. HOW WE WORK: MDIF FINANCIAL INVESTMENTS INCLUDE AFFORDABLE LOANS, EQUITY INVESTMENTS, LOAN GUARANTEES AND TECHNICAL ASSISTANCE GRANTS. MDIF MOBILIZES OTHER INVESTORS TO MAXIMIZE THE IMPACT OF ITS FINANCING. MDIF SEEKS TO ESTABLISH LONG-TERM RELATIONSHIPS WITH ITS CLIENTS, WHICH MAY INVOLVE ADVICE AND ASSISTANCE IN BUSINESS PLANNING, MEDIA MANAGEMENT AND OTHER TECHNICAL SUPPORT. PROVIDING ACCESS TO CAPITAL: MDIF CLIENTS ARE STARVED OF CAPITAL BECAUSE THEY WORK IN ENVIRONMENTS WITH POORLY DEVELOPED BANKING SYSTEMS, DISTORTED MARKETS AND UNFAVORABLE INVESTMENT CLIMATES. OFTEN, THEY WORK IN TRANSITION ECONOMIES OR UNDER GOVERNMENTS THAT ARE HOSTILE TO THE IDEA OF FREE AND INDEPENDENT MEDIA. IN ALL CASES, A LACK OF FUNDS IS THE MAIN OBSTACLE TO THEIR GROWTH AND DEVELOPMENT AND SERIOUSLY HAMPERS THEIR ABILITY TO BE COMMERCIALLY VIABLE AND SELF-SUSTAINING. THE CHANGING LANDSCAPE OF MEDIA AND INVESTMENT IN THE LAST DECADE: A TECHNOLOGICAL REVOLUTION HAS TRANSFORMED THE MEDIA BUSINESS AND THE WAY PEOPLE ACCESS NEWS AND INFORMATION ACROSS THE WORLD. DIGITAL NEWS VENTURES (DNV), A SUBSIDIARY OF MDIF, INVESTS IN EXPERIMENTAL DIGITAL PRODUCTS AND BUSINESSES THAT CONTRIBUTE TO THE PROVISION OF INFORMATION IN THE PUBLIC INTEREST. |
| FORM 990, PART III, LINE 4A CONTINUATION: | IN DETERMINING WHETHER TO MAKE A PRI, THE FUND FACES BOTH COUNTRY AND LEGAL RISK. THE FUND MAKES PRIS IN COUNTRIES WHERE POLITICAL AND ECONOMIC STABILITY MAY BE OF CONCERN. THIS TYPE OF RISK IS ASSESSED BEFORE THE FUND STARTS OPERATIONS IN A CERTAIN COUNTRY. THE LEGAL RISK MAY ARISE AS A RESULT OF MAKING LOANS AND OTHER PROGRAM-RELATED INVESTMENTS IN COUNTRIES WITH DIFFERING LEGAL SYSTEMS THAN THOSE OF THE UNITED STATES OF AMERICA. THOSE SYSTEMS ARE SOMETIMES CHARACTERIZED BY UNCERTAINTY AND LACK OF INDEPENDENT LEGAL INSTITUTIONS, INCLUDING JUDICIARY. FROM 1996 TO MARCH 31, 2019, MDIF HAS PROVIDED MORE THAN $173.4 MILLION IN PRI FINANCING, INCLUDING: - $151 MILLION IN LOANS AND EQUITY INVESTMENTS; - APPROXIMATELY $21.8 MILLION IN TECHNICAL ASSISTANCE AND OTHER GRANTS; - $0.6 MILLION THROUGH DIGITAL KIOSK, THE SECURE PAYMENT SERVICE FOR INDEPENDENT MEDIA. - $41.7 MILLION IN INTEREST, DIVIDENDS AND CAPITAL GAINS; AND COLLECTED MORE THAN $71.8 MILLION IN RECOVERED PRINCIPAL INVESTED; MDIF HAS INVESTED IN 113 CLIENTS AND 354 PROJECTS ACROSS 39 COUNTRIES, WRITING OFF 10.6% OF THE TOTAL PRI FINANCED. MDIF HAS RETURNED $46.6 MILLION TO INVESTORS. IT ENDED MARCH 31, 2019 WITH A PORTFOLIO OF $60 MILLION IN OUTSTANDING LOANS AND INVESTMENTS. |
| FORM 990, PART V, LINE 2A: | THE ORGANIZATION USES A PROFESSIONAL EMPLOYMENT ORGANIZATION TO REPORT PAYROLL. THE W-2S ARE REPORTED UNDER TRINET INC., AND UNDER THEIR EIN # 48-1304650. |
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION USES THE SERVICES OF A CONTRACTED DEPUTY CEO, MOHAMED NANABHAY, AND PAID $220,753 FOR THESE SERVICES. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 HAS BEEN PROVIDED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS FOR APPROVAL PRIOR TO FILING. ONCE APPROVED, A COPY OF THE FORM 990 WAS PROVIDED TO THE FULL BOARD. THE FORM 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTANT AND REVIEWED IN DETAIL BY THE FUND'S CHIEF EXECUTIVE OFFICER AND CHIEF FINANCIAL OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 12C | EACH OFFICER, DIRECTOR, TRUSTEE AND KEY EMPLOYEE OF MDIF IS REQUIRED TO ANNUALLY DISCLOSE ANY CONFLICTS OF INTEREST THAT ARISE BY VIRTUE OF THEIR EMPLOYMENT, BOARD SERVICE, OR POSITION WITH THE COLLEGE. MDIF MONITORS COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY THROUGH AN ANNUAL QUESTIONNAIRE/DISCLOSURE STATEMENT THAT IS DISTRIBUTED TO THESE INDIVIDUALS. POTENTIAL CONFLICTS ARE INVESTIGATED IMMEDIATELY. |
| FORM 990, PART VI, SECTION B, LINE 15 | MEDIA DEVELOPMENT INVESTMENT FUND'S BOARD OF DIRECTORS HAS AUTHORIZED THE COMPENSATION COMMITTEE TO CONDUCT A REVIEW OF THE CHIEF EXECUTIVE OFFICER'S PERFORMANCE AND DETERMINE HIS COMPENSATION PACKAGE. THE COMMITTEE IS COMPRISED OF INDEPENDENT DIRECTORS (THE CHAIR, THE VICE-CHAIR, AND THE TREASURER) WHO ESTABLISH THE CEO'S COMPENSATION COMMENSURATE WITH THE SALARIES PAID BY SIMILAR ORGANIZATIONS IN BOTH THE NOT-FOR-PROFIT AND IMPACT INVESTING SECTORS. THE COMMITTEE THEN REPORTS ITS FINDINGS TO THE FULL BOARD OF DIRECTORS AND RECOMMENDS A SALARY OF COMPENSATION PACKAGE. THE FULL BOARD REVIEWS THE COMMITTEE'S RECOMMENDATIONS AND APPROVES THE FINAL COMPENSATION PACKAGE. FORM 990, PART VI, LINE 15B: THE BOARD OF DIRECTORS HAS FULLY DELEGATED THE AUTHORITY TO REVIEW PERFORMANCE AND SET THE COMPENSATION OF MDIF'S OTHER OFFICERS TO THE CHIEF EXECUTIVE OFFICER. IN MAKING HIS DETERMINATION, THE CEO EMPLOYS THE SAME COMPARABILITY METRICS AS THE COMPENSATION COMMITTEE UTILIZES (AS OUTLINED IN THE PART VI, SECTION B, LINE 15A NARRATIVE). |
| FORM 990, PART VI, SECTION C, LINE 19 | THE TAXPAYER MAKES ITS FORM 990 AND FORM 1023 AVAILABLE TO THE PUBLIC BY RETAINING A COPY OF EACH AT THE ADDRESSES LISTED ON PAGE 1 OF THIS RETURN. ANY INDIVIDUAL REQUESTING A COPY OF THESE DOCUMENTS IS PROVIDED THAT COPY ON THE SAME BUSINESS DAY. THE ORGANIZATION'S FORM 990 IS ALSO AVAILABLE FOR PUBLIC INSPECTION ON WWW.GUIDESTAR.ORG. THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE AT THE PUBLIC REQUEST AND AT MANAGEMENT'S DISCRETION. |
| FORM 990, PART XI, LINE 9: | EQUITY IN NET EARNINGS OF INVESTEES 240,325. FOREIGN CURRENCY TRANSLATION GAIN -86,247. UNREALIZED FOREIGN LOSS ON PRI -119,234. NON-DEDUCTIBLE TRANSPORTATION BENEFITS -10,400. MDIF NET ASSETS -5,318. |
| FORM 990, PART XII, LINE 2C: | THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (6 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Total IncomeTotalIncomeAmt | Legal Domicile Foreign CountryLegalDomicileForeignCountryCd |
|---|---|---|---|---|---|---|---|---|---|---|
| DIGITAL NEWS VENTURES LLC | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | 134052259 | PRI | NY | $3,506,453 | MEDIA DEVELOPMENT INVESTMENT FUND | ||
| MDIF EQUITIES LLC | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | PRI | NY | $301,625 | MEDIA DEVELOPMENT INVESTMENT FUND | $24,504 | ||
| MDIF MEDIA HOLDINGS I LLC | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | 831933668 | PRI | NY | $397,190 | MEDIA DEVELOPMENT INVESTMENT FUND | -$203,607 | |
| MDIF MEDIA FINANCE I BV | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | 813495062 | PRI | NY | $2,113,893 | MEDIA DEVELOPMENT INVESTMENT FUND | $109,621 | |
| MDIF MEDIA FINANCE II BV | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | INACTIVE | MEDIA DEVELOPMENT INVESTMENT FUND | NL | ||||
| MDIF MEDIA HOLDINGS II LLC | ||||||||||
| 37 WEST 20TH STREET STE 801 | NEW YORK | NY | 10011 | PRI | NY | MEDIA DEVELOPMENT INVESTMENT FUND | ||||
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt | Predominant Income TypePredominantIncomeTypeTxt | Share Of Total IncomeShareOfTotalIncomeAmt | Share Of EOY AssetsShareOfEOYAssetsAmt | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd | OwnershipOwnershipPct |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MDIF MEDIA PARTNERS I LP | |||||||||||||
| 37 W 20TH STREET STE 801 | NEW YORK | NY | 10011 | 814153177 | PRI | NY | MEDIA DEVELOPMENT INVESTMENT FUND | RELATED | $15,644 | $401,032 | 0 | Yes (1) | 0.02440 |
| EMERGING MEDIA OPPORTUNITY FUND I LP | |||||||||||||
| 37 W 20TH STREET STE 801 | NEW YORK | NY | 10011 | 812205691 | PRI | NY | MEDIA DEVELOPMENT INVESTMENT FUND | RELATED | $500 | $261,390 | 0 | Yes (1) | 0.05000 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp
Related Organization Name RelatedOrganizationName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MDLF SERVICE CORP | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET STE 801 | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 800049286 | EIN |
| Primary Activities | AGENCY ACCOUNT | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MEDIA DEVELOPMENT INVESTMENT FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $204,000 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $5,348 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | Yes (1) | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | Yes (1) | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | Yes (1) | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | Yes (1) | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Comments