MEDIA DEVELOPMENT INVESTMENT FUND INC: Form 990, tax year 2015
View the entire original 990 at ProPublica ↗
- Organization
- MEDIA DEVELOPMENT INVESTMENT FUND INC (EIN 13-4052259)
- Tax period
- 2015-01-01 to 2015-12-31
- Filed
- 2016-11-15
- IRS object ID
- 201643209349317969
- Schema version
- 2015v2.1
- 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 | 2016-11-15T20:18:12-06:00 | ReturnTs |
| Tax Period End | 2015-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 757 THIRD AVE 3RD FLOOR | AddressLine1Txt |
| City | NEW YORK | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 100172013 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2015-01-01 | 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) |
|---|---|---|
| In Care Of | % MARI BUDESA | InCareOfNm |
| 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 | MARI BUDESA | PersonNm |
| Person Title | CFO/ASSISt Treasurer | PersonTitleTxt |
| Phone | 2128071304 | PhoneNum |
| Signature | 2016-11-15 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Scott Thompsett | PreparerPersonNm |
| PTIN | P00741490 | PTIN |
| Phone | 2125990100 | PhoneNum |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2015 | TaxYr |
| Build TS | 2017-02-10 21:41:12Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Harlan Mandel CEO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 West 20th Street | AddressLine1Txt |
| City | New York | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $9,595,297 | GrossReceiptsAmt |
| Group Return For Affiliates | false | 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 | Media Development Investment Fund invests in independent media around in independent media around the world providing the news, information and debate that people need to build free, thriving societies. | ActivityOrMissionDesc |
| Voting Members Governing Body | 8 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 4 | TotalEmployeeCnt |
| Total Volunteers | 0 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $2,008,481 | PYContributionsGrantsAmt |
| CY Contributions Grants | $8,129,313 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,399,190 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $1,172,188 | CYProgramServiceRevenueAmt |
| PY Investment Income | $362,181 | PYInvestmentIncomeAmt |
| CY Investment Income | $192,753 | CYInvestmentIncomeAmt |
| PY Other Revenue | $30,822 | PYOtherRevenueAmt |
| CY Other Revenue | $101,043 | CYOtherRevenueAmt |
| PY Total Revenue | $3,800,674 | PYTotalRevenueAmt |
| CY Total Revenue | $9,595,297 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $80,523 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $504,212 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $3,343,971 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $2,737,950 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $2,482,948 | PYOtherExpensesAmt |
| CY Other Expenses | $2,086,355 | CYOtherExpensesAmt |
| PY Total Expenses | $5,907,442 | PYTotalExpensesAmt |
| CY Total Expenses | $5,328,517 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$2,106,768 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $4,266,780 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $40,824,773 | TotalAssetsBOYAmt |
| Total Assets EOY | $38,881,057 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $19,146,165 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $17,867,317 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $21,678,608 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $21,013,740 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | MEDIA DEVELOPMENT INVESTMENT FUND, INC. (MDIF) WAS ESTABLISHED TO PLACE PROGRAM RELATED INVESTMENTS (PRIS), PRIMARILY LOW-INTEREST LOANS, TO INDEPENDENT NEWSPAPERS, MAGAZINES, NEWS AGENCIES, RADIO AND TELEVISION STATIONS, AND INTERNET-BASED MEDIA OUTLETS IN DIFFERENT COUNTRIES OF THE WORLD. MDIF OFFERS PRIS TO WORTHY INDEPENDENT MEDIA ORGANIZATIONS DEVOTED AND PERSISTENT IN PROMOTING AND EXERCISING THE PRINCIPLES OF FREE, INDEPENDENT AND RESPONSIBLE PRESS. PRIS ARE OFFERED TO SUPPORT PROJECTS THAT BROADEN AND STRENGTHEN OPERATIONS FOR WHICH THESE MEDIA ORGANIZATIONS CANNOT OBTAIN FUNDING FROM OTHER SOURCES ON ECONOMICALLY FEASIBLE TERMS. MANY OF THESE MEDIA ORGANIZATIONS ARE STARVED FOR CAPITAL BECAUSE THEY WORK IN ENVIRONMENTS CHARACTERIZED BY POORLY DEVELOPED BANKING SYSTEMS, ECONOMIES IN TRANSITION, LACK OF FRESH INVESTING CAPITAL, GOVERNMENTS THAT ARE VERY OFTEN SECRETLY OR OPENLY HOSTILE TO THE IDEA OF FREE AND INDEPENDENT PRESS, AND WHERE LENDING INSTITUTIONS CHARGE EXORBITANT, A | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $4,155,622 | ExpenseAmt |
| Grant | $504,212 | GrantAmt |
| Revenue | $0 | RevenueAmt |
| Desc | MDIF provides loan 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 loans and other PRIs. Loan repayments are recycled through the pool and loaned out repeatedly. 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 loan. In addition, MDIF trains its borrowers and other media organizations in the use and transfer of Internet-based technology and its impact on the future development of media business. In determining whether to make a loan or other program-related investment, the Fund faces both political and legal risk. The Fund makes loans and other program-related investments in countries where political 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. The Fund's model loan contract was drafted by U.S. attorneys and the Fund has all loans reviewed by attorneys in the country of each borrower. | Desc |
| Total Program Service Expenses | $4,155,622 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | Yes (true) | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (true) | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (true) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | Yes (true) | ForeignOfficeInd |
| Foreign Activities | Yes (true) | ForeignActivitiesInd |
| More Than5000 K To Org | Yes (true) | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | Yes (true) | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (true) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | false | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 31 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 4 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | Yes (true) | ForeignFinancialAccountInd |
| Foreign Country | UK | ForeignCountryCd |
| Foreign Country | RS | ForeignCountryCd |
| Foreign Country | EZ | ForeignCountryCd |
| Foreign Country | SZ | ForeignCountryCd |
| Foreign Country | PL | ForeignCountryCd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 8 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | NY | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MARI BUDESA | PersonNm |
| Phone | 2128071852 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET | 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 | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|
| Harlan Mandel | |||||||||
| CEO | 40.0 | 0.0 | Yes (X) | Yes (X) | $238,089 | $0 | $71,611 | ||
| Ying-Yuen Chan | |||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Sheila Coronel | |||||||||
| vice chair | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Alexej fulmek | |||||||||
| director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Aryeh Neier | |||||||||
| Director (thru 04/2015) | 2.0 | Yes (X) | $0 | $0 | $0 | ||||
| Alexander Papachristou | |||||||||
| Treasurer | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| John Ryle | |||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| BERNARD POULET | |||||||||
| CHAIRMAN | 2.0 | 0.0 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| mohamed nanabhay | |||||||||
| Director (thru 09/2015) | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Judith brandsma | |||||||||
| Director | 2.0 | 0.0 | Yes (X) | $0 | $0 | $0 | |||
| Mari Budesa | |||||||||
| CFO/Assistant Treasurer | 40.0 | 0.0 | Yes (X) | $177,558 | $0 | $40,289 | |||
| ELENA POPOVIC | |||||||||
| SECRETARY AND GENERAL COUNSEL | 40.0 | 0.0 | Yes (X) | $154,176 | $0 | $0 | |||
| ANNA KRYNSKA | |||||||||
| CHIEF INVESTMENT OFFICER | 40.0 | 0.0 | $118,227 | $0 | $0 | Yes (X) | |||
| rashid Malik | |||||||||
| SENIOR financial analyst | 40.0 | 0.0 | $112,493 | $0 | $24,188 | Yes (X) | |||
| PATRICE SCHNEIDER | |||||||||
| CHIEF STRATEGY OFFICER | 40.0 | 0.0 | $145,632 | $0 | $0 | Yes (X) | |||
| Ross Settles | |||||||||
| Sr advisor for digital media | 40.0 | 0.0 | $136,500 | $0 | $0 | Yes (X) | |||
| Jaroslav Gora | |||||||||
| Senior Investment Advisor | 40.0 | 0.0 | $113,611 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $1,196,286 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $136,088 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 8 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (true) | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | Yes (true) | CompensationFromOtherSrcsInd |
| Cntrct Rcvd Greater Than100 K | 0 | CntrctRcvdGreaterThan100KCnt |
| All Other Contributions | $8,129,313 | AllOtherContributionsAmt |
| Total Contributions | $8,129,313 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | PROGRAM RELATED INVESTMENTS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $1,172,188 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,172,188 | RelatedOrExemptFuncIncomeAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $1,172,188 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $170,191 | TotalRevenueColumnAmt |
| Exclusion | $170,191 | ExclusionAmt |
Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Royalties Revenue RoyaltiesRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $91,440 | RealAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $91,440 | RealAmt |
| Personal | $0 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $91,440 | TotalRevenueColumnAmt |
| Exclusion | $91,440 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $22,562 | 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 | $22,562 | SecuritiesAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $22,562 | TotalRevenueColumnAmt |
| Exclusion | $22,562 | ExclusionAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income From Gaming NetIncomeFromGamingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $0 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | MISCELLANEOUS | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $9,603 | TotalRevenueColumnAmt |
| Exclusion | $9,603 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $9,603 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $9,595,297 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $1,172,188 | RelatedOrExemptFuncIncomeAmt |
| Exclusion | $293,796 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $504,212 | TotalAmt |
| Program Services | $504,212 | ProgramServicesAmt |
Benefits To Members BenefitsToMembersGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $681,724 | TotalAmt |
| Program Services | $524,011 | ProgramServicesAmt |
| Management And General | $157,713 | ManagementAndGeneralAmt |
Comp Disqual Persons CompDisqualPersonsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,675,338 | TotalAmt |
| Program Services | $1,287,759 | ProgramServicesAmt |
| Management And General | $387,579 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $57,465 | TotalAmt |
| Program Services | $44,171 | ProgramServicesAmt |
| Management And General | $13,294 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $158,510 | TotalAmt |
| Program Services | $121,840 | ProgramServicesAmt |
| Management And General | $36,670 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,913 | TotalAmt |
| Program Services | $126,761 | ProgramServicesAmt |
| Management And General | $38,152 | ManagementAndGeneralAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $154,037 | TotalAmt |
| Program Services | $116,552 | ProgramServicesAmt |
| Management And General | $37,485 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $88,776 | TotalAmt |
| Program Services | $58,074 | ProgramServicesAmt |
| Management And General | $30,702 | ManagementAndGeneralAmt |
Fees For Services Lobbying FeesForServicesLobbyingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $42,130 | TotalAmt |
| Program Services | $28,789 | ProgramServicesAmt |
| Management And General | $13,341 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $198,741 | TotalAmt |
| Program Services | $163,285 | ProgramServicesAmt |
| Management And General | $35,456 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $58,372 | TotalAmt |
| Program Services | $40,169 | ProgramServicesAmt |
| Management And General | $18,203 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $166,557 | TotalAmt |
| Program Services | $108,956 | ProgramServicesAmt |
| Management And General | $57,601 | ManagementAndGeneralAmt |
Royalties RoyaltiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $393,410 | TotalAmt |
| Program Services | $297,802 | ProgramServicesAmt |
| Management And General | $95,608 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $353,441 | TotalAmt |
| Program Services | $279,778 | ProgramServicesAmt |
| Management And General | $73,663 | ManagementAndGeneralAmt |
Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $330,754 | TotalAmt |
| Program Services | $244,516 | ProgramServicesAmt |
| Management And General | $86,238 | ManagementAndGeneralAmt |
Payments To Affiliates PaymentsToAffiliatesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $113,863 | TotalAmt |
| Program Services | $78,088 | ProgramServicesAmt |
| Management And General | $35,775 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $60,239 | TotalAmt |
| Program Services | $41,099 | ProgramServicesAmt |
| Management And General | $19,140 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (3 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| BANK FEES | $25,258 | $17,943 | $7,315 |
| FOREIGN WITHHOLDING TAXES | $19,914 | $13,612 | $6,302 |
| OTHER EXPENSES | $80,863 | $58,205 | $22,658 |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,328,517 | TotalAmt |
| Program Services | $4,155,622 | ProgramServicesAmt |
| Management And General | $1,172,895 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $933,946 | BOYAmt |
| EOY | $1,385,266 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $118,063 | BOYAmt |
| EOY | $94,225 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,000,000 | BOYAmt |
| EOY | $6,610,146 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,407,430 | BOYAmt |
| EOY | $869,238 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $1,513,049 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,049,575 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $381,395 | BOYAmt |
| EOY | $463,474 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $8,030,958 | BOYAmt |
| EOY | $5,975,709 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $27,952,981 | BOYAmt |
| EOY | $23,482,999 | EOYAmt |
Intangible Assets IntangibleAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,824,773 | BOYAmt |
| EOY | $38,881,057 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,002,714 | BOYAmt |
| EOY | $580,290 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Loans From Officers Directors LoansFromOfficersDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $18,143,451 | BOYAmt |
| EOY | $17,287,027 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $19,146,165 | BOYAmt |
| EOY | $17,867,317 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,494,722 | BOYAmt |
| EOY | $13,695,930 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,183,886 | BOYAmt |
| EOY | $7,317,810 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $0 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,678,608 | BOYAmt |
| EOY | $21,013,740 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $40,824,773 | BOYAmt |
| EOY | $38,881,057 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | $4,266,780 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$54,649 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$4,876,999 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | 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 (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | 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 | $3,885,870 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $721,483 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,641,927 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,008,481 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,129,313 | CurrentTaxYearAmt |
| Total | $17,387,074 | TotalAmt |
Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,885,870 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $721,483 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $2,641,927 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $2,008,481 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $8,129,313 | CurrentTaxYearAmt |
| Total | $17,387,074 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $14,217,455 | SubstantialContributorsTotAmt |
| Public Support Total170 | $3,169,619 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $644,331 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $591,529 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $529,171 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $362,181 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $261,631 | CurrentTaxYearAmt |
| Total | $2,388,843 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $0 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $37,049 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $16,929 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $20,600 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $30,822 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $9,603 | CurrentTaxYearAmt |
| Total | $115,003 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $19,890,920 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $7,629,373 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.15935 | PublicSupportCY170Pct |
| Public Support PY170 | 0.18290 | PublicSupportPY170Pct |
| Ten Pct Facts Crcmstncs Test CY | Yes (X) | TenPctFactsCrcmstncsTestCYInd |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, LIne 17 | FormAndLineReferenceDesc |
| Explanation | Media Development Investment Fund (MDIF) is a mission-driven investment fund for independent news outlets in countries with a history of media oppression. MDIF provides low-cost capital and technical know-how to help journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism. MDIF depends on the generosity of large private foundations, governmental entities and the public at large to continue its important work. Charitable giving has diminished across the not-for-profit sector; as a result, organizations like MDIF that depend upon public support to thrive are suffering greatly. This has impacted the organization's ability to raise funds, to solicit contributions and to generate revenues to undertake exempt programs. MDIF is fortunate to have secured the patronage of one significant contributor, Open Society Foundations, that has enabled it to weather the difficult economic times, leaving it with enough funds to support those programs that further its charitable mission. MDIF understands the need to meet the public support test. To that end, it is continually attempting to generate new sources of fundraising, both through broad donor appeals, targeted solicitations, and website exhortations. Internal Revenue Code Regulation 1.170A-9T lists several criteria that indicate facts and circumstances supporting an organization's continued public charity status despite not meeting the 33 1/3 support test. Those criteria are as follows: 1. Attraction of public support - in the past few years, MDIF has sought to expand its fundraising capabilities to generate greater public support. The organization's website now directly appeals to net users to invest in press freedom. Specifically, the webpage notes: There are three ways to invest, depending on the financial returns you seek, the amount you would like to invest and where you are in the world. These activities target prospective donors who support MDIF's mission and programs. In 2015, MDIF expanded its donor base to include two new significant donors that should assist its public support percentage in the coming years. 2. Percentage of financial support - the Foundation's public support percentage exceeds 16%. The higher the percentage of support above the 10 percent requirement of paragraph (f)(3)(i) of 1.170A-9T, the lesser will be the burden of establishing the publicly supported nature of the organization through other factors described in paragraph (f)(3), while the lower the percentage, the greater will be the burden. MDIF's support percentage is low because it receives a large percentage of its contributions from a private foundation. 3. Sources of Support - MDIF has historically received much of its support from governmental entities; due to tough economic times, the amounts of these donations has been significantly reduced. As the economy rebounds, the hope is that MDIF will see an increase in funding. 4. Representative Governing Body -MDIF has a governing body that is broadly represented by members of the community. Each of these factors are significant positive evidence of MDIF's publicly supported nature. | 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
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amounts | ArtPublicExhibitionAmountsGrp | |
| Held Works Art | HeldWorksArtGrp |
CY Endwmt Fund CYEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $8,030,958 | BeginningYearBalanceAmt |
| Contributions | $2,000 | ContributionsAmt |
| Investment Earnings Or Losses | -$212,706 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,800,000 | OtherExpendituresAmt |
| Administrative Expenses | $44,543 | AdministrativeExpensesAmt |
| End Year Balance | $5,975,709 | EndYearBalanceAmt |
CY Minus1 Yr Endwmt Fund CYMinus1YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $13,559,675 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | -$363,066 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $5,100,000 | OtherExpendituresAmt |
| Administrative Expenses | $65,651 | AdministrativeExpensesAmt |
| End Year Balance | $8,030,958 | EndYearBalanceAmt |
CY Minus2 Yr Endwmt Fund CYMinus2YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $22,409,477 | BeginningYearBalanceAmt |
| Investment Earnings Or Losses | $1,303,396 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $10,050,000 | OtherExpendituresAmt |
| Administrative Expenses | $103,198 | AdministrativeExpensesAmt |
| End Year Balance | $13,559,675 | EndYearBalanceAmt |
CY Minus3 Yr Endwmt Fund CYMinus3YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $16,475,072 | BeginningYearBalanceAmt |
| Contributions | $5,275,652 | ContributionsAmt |
| Investment Earnings Or Losses | $1,880,225 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $1,129,357 | OtherExpendituresAmt |
| Administrative Expenses | $92,115 | AdministrativeExpensesAmt |
| End Year Balance | $22,409,477 | EndYearBalanceAmt |
CY Minus4 Yr Endwmt Fund CYMinus4YrEndwmtFundGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Year Balance | $18,484,177 | BeginningYearBalanceAmt |
| Contributions | $5,101,200 | ContributionsAmt |
| Investment Earnings Or Losses | $122,369 | InvestmentEarningsOrLossesAmt |
| Other Expenditures | $7,134,825 | OtherExpendituresAmt |
| Administrative Expenses | $97,849 | AdministrativeExpensesAmt |
| End Year Balance | $16,475,072 | EndYearBalanceAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated Balance EOY | 1.00000 | BoardDesignatedBalanceEOYPct |
| Prmnnt Endowment Balance EOY | 0.00000 | PrmnntEndowmentBalanceEOYPct |
| Term Endowment Balance EOY | 0.00000 | TermEndowmentBalanceEOYPct |
| Endowments Held Unrelated Org | false | EndowmentsHeldUnrelatedOrgInd |
| Endowments Held Related Org | false | EndowmentsHeldRelatedOrgInd |
| Land | LandGrp | |
| Buildings | BuildingsGrp |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $373,000 | OtherCostOrOtherBasisAmt |
| Depreciation | $257,434 | DepreciationAmt |
| Book Value | $115,566 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $398,414 | OtherCostOrOtherBasisAmt |
| Depreciation | $313,913 | DepreciationAmt |
| Book Value | $84,501 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $741,635 | OtherCostOrOtherBasisAmt |
| Depreciation | $478,228 | DepreciationAmt |
| Book Value | $263,407 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $463,474 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp (8 entries)
| DescDesc | Book ValueBookValueAmt | Method ValuationMethodValuationCd |
|---|---|---|
| $25,581,265 | C | |
| TELEVISION | $5,438,113 | C |
| RADIO | $2,154,751 | C |
| ONLINE | $4,414,432 | C |
| NEWS AGENCY | $605,922 | C |
| UNREMITTED EQUITY IN NET | -$3,795,787 | C |
| EARNINGS OF EQUITY INVESTEES | C | |
| ALLOWANCE FOR DOUBTFUL PRIS | -$10,915,697 | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $23,482,999 | TotalBookValueProgramRltdAmt |
| Federal Income Tax Liability | $0 | FederalIncomeTaxLiabilityAmt |
| Total Liability | $0 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
| Total Rev Etc Audited Fincl Stmt | $8,409,309 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$54,649 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $116,936 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$1,248,275 | OtherRevenueAmt |
| Revenue Not Reported | -$1,185,988 | RevenueNotReportedAmt |
| Revenue Subtotal | $9,595,297 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $9,595,297 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $9,074,177 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $116,936 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | $3,628,724 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $3,745,660 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,328,517 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,328,517 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule D, Part V, Line IV | In March of 2008, the Board of Directors of Media Development Investment Fund established the Client Subsidy Fund ("CSF"). The Board restricted the use of the assets and earning thereon to meet budgeted shortfall between the Fund's annual operating costs and its annual non-CSF income, with the purpose of supporting the below-market interest rates charged by the Fund on its program-related loans and leases. |
| Schedule D, Part X, Line 2 | MANAGEMENT EVALUATED THE TAX POSITIONS FOR MDIF AND EACH OF THE CONSOLIDATED ENTITIES AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT OR DISCLOSURE TO THESE CONSOLIDATED FINANCIAL STATEMENTS. |
| Schedule D, Part XI, Line 2D | EQUITY IN NET EARNINGS OF INVESTEES $(517,751) Foreign Currency Translation loss $(249,270) Loss due to currency exchange rate $(481,254) -------------------------------------------------------- Total $(1,248,275) |
| Schedule D, Part XII, Line 2D | Adjustment for provision for doubtful program-related investments, net $3,628,724 |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (13 entries)
| RegionRegionTxt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Region Total ExpendituresRegionTotalExpendituresAmt | OfficesOfficesCnt | Specific Services ProvidedSpecificServicesProvidedTxt |
|---|---|---|---|---|---|
| East Asia and the Pacific | 1 | Grantmaking | $3,779 | ||
| Europe (Including Iceland and Greenland) | 12 | Grantmaking | $16,169 | 1 | |
| Russia and the Newly Independent States | Grantmaking | $226,311 | |||
| South America | Grantmaking | $3,947 | |||
| South Asia | Grantmaking | $28,436 | |||
| Sub-Saharan Africa | 1 | Grantmaking | $225,570 | ||
| North America | Program Services | $199,998 | Program Related Inv. | ||
| East Asia and the Pacific | Program Services | $383,000 | Program Related Inv. | ||
| Europe (Including Iceland and Greenland) | Program Services | $202,110 | Program Related Inv. | ||
| Russia and the Newly Independent States | Program Services | $259,990 | Program Related Inv. | ||
| South America | Program Services | $1,029,496 | Program Related Inv. | ||
| South Asia | Program Services | $381,065 | Program Related Inv. | ||
| Sub-Saharan Africa | Program Services | $408,508 | Program Related Inv. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 1 | SubtotalOfficesCnt |
| Subtotal Employees | 14 | SubtotalEmployeesCnt |
| Total Office | 1 | TotalOfficeCnt |
| Total Employee | 14 | TotalEmployeeCnt |
| Subtotal Spent | $3,368,379 | SubtotalSpentAmt |
| Total Spent | $3,368,379 | TotalSpentAmt |
Grants To Org Outside US GrantsToOrgOutsideUSGrp (7 entries)
| RegionRegionTxt | Purpose Of GrantPurposeOfGrantTxt | Cash GrantCashGrantAmt |
|---|---|---|
| Europe (Including Iceland and Greenland) | General support | $7,305 |
| Russia and the Newly Independent States | General Support | $148,757 |
| Sub-Saharan Africa | General Support | $6,356 |
| Sub-Saharan Africa | General Support | $20,095 |
| Europe (Including Iceland and Greenland) | General Support | $8,865 |
| Russia and the Newly Independent States | general support | $13,498 |
| Sub-Saharan Africa | general support | $225,570 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Org | 7 | TotalOtherOrgCnt |
| Transfer To Foreign Corp | Yes (true) | TransferToForeignCorpInd |
| Interest In Foreign Trust | false | InterestInForeignTrustInd |
| Foreign Corp Ownership | Yes (true) | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | false | PassiveForeignInvestmestCoInd |
| Foreign Partnership | false | ForeignPartnershipInd |
| Boycott Countries | false | BoycottCountriesInd |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Schedule F, 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 loaned to 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 loaned or granted. To be eligible to apply for MDIF financing, a media outlet must have been operating 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 be 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-ethnic 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 policy for its own interests, present a detailed project aimed at broadening and strengthening the outlet's operation, have strong prospects of being able to repay the loan and becoming 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 and radio stations, printing houses, news agencies and online publishers in various countries. The amounts listed represent the current year expenditures. |
| Schedule F, Part II, Line 1, Col D | MDIF's primary exempt purpose is to support news outlets in countries with a history of oppression of the freedom of expression. Occasionally, MDIF will make grants to organizations 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 | Yes (true) | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (4 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 | ||||||||||||||
| CEO | $238,089 | $0 | $0 | $0 | $0 | $0 | $35,713 | $0 | $35,898 | $0 | $309,700 | $0 | $0 | $0 |
| Mari Budesa | ||||||||||||||
| CFO/Assistant Treasurer | $177,558 | $0 | $0 | $0 | $0 | $0 | $26,634 | $0 | $13,655 | $0 | $217,847 | $0 | $0 | $0 |
| ELENA POPOVIC | ||||||||||||||
| SECRETARY AND GENERAL COUNSEL | $154,176 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $154,176 | $0 | $0 | $0 |
| Jaroslav Gora | ||||||||||||||
| Senior Investment Advisor | $113,611 | $113,611 | $113,611 | |||||||||||
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule J, Line 4a | FormAndLineReferenceDesc |
| Explanation | Former employee, Jarolsaw Gora, received a severance payment of $113,611 in calendar year 2015; this payment has been reflected in Schedule J, Part II, Column (b)(iii) and Column (F). The severance was accrued in 2014 (and reported on the prior year Form 990), but actually paid in 2015. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part V, Line 2A | THE INDIVIDUALS PERFORMING SERVICES FOR MEDIA DEVELOPMENT Investment FUND, INC (MDIF) ARE LEASED EMPLOYEES FROM AN UNRELATED ORGANIZATION, OPEN SOCIETY FOUNDATIONS, INC (OSF). MDIF PAYS OSF A MANGAGEMENT AND ADMINISTRATIVE FEE TO COVER EMPLOYEE COSTS, INCLUDING SALARY, BENEFITS AND OTHER ANCILLARY COSTS. TEN EMPLOYEES PROVIDING SERVICES TO MDIF RECEIVE THEIR W-2 FROM OSF. These individuals are not included on PART V, LINE 2A. |
| FORM 990, Part VI, Line 11 | 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 A NATIONALLY RENOWNED ACCOUNTING FIRM AND REVIEWED IN DETAIL BY THE FUND'S MANAGING DIRECTOR AND ASSISTANT TREASURER. |
| FORM 990, Part VI, 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, Line 15A | THE TOP MANAGEMENT OFFICAL'S SALARY IS DETERMINED BY THE MDIF BOARD OF DIRECTORS. MDIF UNDERTAKES A LENGTHY PROCESS TO ENSURE THAT THE COMPENSATION IT PAYS IS REASONABLE. IN RELEVANT PART, THE BOARD OF DIRECTORS utilizes A COMPENSATION COMMITTEE COMPRISED OF Independent PERSONS THAT HAVE NO PERSONAL interest IN THE PROPOSED COMPENSATION ARRANGEMENT. The compensation committee may use an independent compensation consultant to advise on the appropriate compensation levels for the top management official. The compensation consultant uses benchmarking data that documents the compensation of persons holding similar positions in similar organizations. Once the compensation consultant has made its recommendations, the MDIF compensation committee approves the compensation. This final determination is then documented in committee minutes. |
| Form 990, Part VI, Line 15B | MDIF undertakes the same exact procedure for its officers and key employees as it does for its top management official. The only difference in the process is that the CEO will make the final determination about the officers' salaries. |
| Form 990, Part VI, 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. |
| PART XI, Line 9 | EQUITY IN NET EARNINGS OF INVESTEES $(517,751) Foreign Currency Translation loss $(249,270) Adjustment for provision for doubtful program-related investments, net $(3,628,724) Loss due to currency exchange rate $(481,254) -------------------------------------------------------- TOTAL: ($4,876,999) |
Schedule R IRS990ScheduleR
Id Disregarded Entities IdDisregardedEntitiesGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Total IncomeTotalIncomeAmt | End Of Year AssetsEndOfYearAssetsAmt | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|
| Digital News Ventures LLC | |||||||||
| 37 west 20th street | new york | NY | 10011 | 134052259 | PRI | NY | $0 | $3,278,607 | MDIF |
| MDIF Equities LLC | |||||||||
| 37 West 20th Street | New York | NY | 10011 | INACTIVE | NY | $0 | $0 | MDIF | |
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 | AddressLine1Txt |
| City | new york | CityNm |
| State Abbreviation | NY | StateAbbreviationCd |
| ZIP | 10011 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activities | Agency Accoun | PrimaryActivitiesTxt |
| Legal Domicile State | DE | LegalDomicileStateCd |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Entity Type | C | EntityTypeTxt |
| Share Of Total Income | $0 | ShareOfTotalIncomeAmt |
| Share Of EOY Assets | $1,208 | ShareOfEOYAssetsAmt |
| Ownership | 1.00000 | OwnershipPct |
| Controlled Organization | Yes (true) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | false | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | false | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | false | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | false | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | false | DivRelatedOrganizationInd |
| Asset Sale To Other Org | false | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | false | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | false | AssetExchangeInd |
| Rental Of Facilities To Oth Org | false | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | false | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | false | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | false | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (true) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (true) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | false | TransferToOtherOrgInd |
| Transfer From Other Org | false | TransferFromOtherOrgInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule R, Part I | FormAndLineReferenceDesc |
| Explanation | MEDIA DEVELOPMENT Investment FUND HAS A WHOLLY-OWNED SUBSIDIARY, Digital News Ventures, LLC (WHICH IS TREATED AS A DISREGARDED ENTITY FOR US TAX PURPOSES). THIS ORGANIZATION'S PRINCIPAL ACTIVITY IS to make seed investments in news and information start-ups. Digital News Ventures invests in experimental digital products and businesses that contribute to the provision of information in the public interest. | ExplanationTxt |
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