MEDIA DEVELOPMENT INVESTMENT FUND INC: Form 990, tax year 2011
View the entire original 990 at ProPublica ↗
- Organization
- MEDIA DEVELOPMENT INVESTMENT FUND INC (EIN 13-4052259)
- Tax period
- 2011-01-01 to 2011-12-31
- Filed
- 2012-11-16
- IRS object ID
- 201243219349300969
- Schema version
- 2011v1.3
- 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
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule F
- Schedule I
- Schedule J
- Schedule L
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Timestamp | 2012-11-16T15:46:19-06:00 | Timestamp |
| Tax Period End Date | 2011-12-31 | TaxPeriodEndDate |
Preparer Firm PreparerFirm
Preparer Firm Business Name PreparerFirmBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | GRANT THORNTON LLP | BusinessNameLine1 |
Preparer Firm US Address PreparerFirmUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 666 THIRD AVENUE | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 100174057 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnType |
| Tax Period Begin Date | 2011-01-01 | TaxPeriodBeginDate |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134052259 | EIN |
Name Name
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Media Development Loan Fund Inc | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| In Care Of Name | % MARI BUDESA | InCareOfName |
| Name Control | MEDI | NameControl |
| Phone | 2128071304 | Phone |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 West 20th Street | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
Officer Officer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name | Harlan Mandel | Name |
| Title | CEO | Title |
| Phone | 2128071304 | Phone |
| Date Signed | 2012-11-16 | DateSigned |
| Authorize Third Party | true | AuthorizeThirdParty |
Preparer Preparer
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2125990100 | Phone |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax Year | 2011 | TaxYear |
| Build TS | 2016-02-24 21:20:13Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Of Principal Officer Person | Harlan Mandel CEO | NameOfPrincipalOfficerPerson |
Address Principal Officer US AddressPrincipalOfficerUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 West 20th Street | AddressLine1 |
| City | New York | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | 6147983 | GrossReceipts |
| Group Return For Affiliates | false | GroupReturnForAffiliates |
| Organization501c3 | X | Organization501c3 |
| Web Site | www.mdlf.org | WebSite |
| Type Of Organization Corporation | X | TypeOfOrganizationCorporation |
| Year Formation | 1995 | YearFormation |
| State Legal Domicile | NY | StateLegalDomicile |
| Activity Or Mission Description | Media Development Loan Fund is a mission-driven investment fund for independent news outlets in countries with a history of media oppression. | ActivityOrMissionDescription |
| Nbr Voting Members Governing Body | 8 | NbrVotingMembersGoverningBody |
| Nbr Independent Voting Members | 5 | NbrIndependentVotingMembers |
| Total Nbr Employees | 0 | TotalNbrEmployees |
| Total Nbr Volunteers | 0 | TotalNbrVolunteers |
| Total Gross UBI | 0 | TotalGrossUBI |
| Contributions Grants Prior Year | 2402143 | ContributionsGrantsPriorYear |
| Contributions Grants Current Year | 3885870 | ContributionsGrantsCurrentYear |
| Program Service Revenue Prior Year | 3255707 | ProgramServiceRevenuePriorYear |
| Program Service Revenue CY | 1465921 | ProgramServiceRevenueCY |
| Investment Income Prior Year | 459850 | InvestmentIncomePriorYear |
| Investment Income Current Year | 644331 | InvestmentIncomeCurrentYear |
| Other Revenue Prior Year | 113938 | OtherRevenuePriorYear |
| Other Revenue Current Year | 151861 | OtherRevenueCurrentYear |
| Total Revenue Prior Year | 6231638 | TotalRevenuePriorYear |
| Total Revenue Current Year | 6147983 | TotalRevenueCurrentYear |
| Grants And Similar Amnts Prior Year | 674011 | GrantsAndSimilarAmntsPriorYear |
| Grants And Similar Amnts CY | 845443 | GrantsAndSimilarAmntsCY |
| Benefits Paid To Members Prior Year | 0 | BenefitsPaidToMembersPriorYear |
| Benefits Paid To Members CY | 0 | BenefitsPaidToMembersCY |
| Salaries Etc Prior Year | 2639467 | SalariesEtcPriorYear |
| Salaries Etc Current Year | 2716913 | SalariesEtcCurrentYear |
| Total Prof Fundrsng Exp Prior Year | 0 | TotalProfFundrsngExpPriorYear |
| Total Prof Fundrsng Exp CY | 0 | TotalProfFundrsngExpCY |
| Total Fundrsng Exp Current Year | 0 | TotalFundrsngExpCurrentYear |
| Other Expense Prior Year | 2260008 | OtherExpensePriorYear |
| Other Expenses Current Year | 2135286 | OtherExpensesCurrentYear |
| Total Expenses Prior Year | 5573486 | TotalExpensesPriorYear |
| Total Expenses Current Year | 5697642 | TotalExpensesCurrentYear |
| Revenues Less Expenses Prior Year | 658152 | RevenuesLessExpensesPriorYear |
| Revenues Less Expenses CY | 450341 | RevenuesLessExpensesCY |
| Total Assets BOY | 52961235 | TotalAssetsBOY |
| Total Assets EOY | 52754044 | TotalAssetsEOY |
| Total Liabilities BOY | 15438333 | TotalLiabilitiesBOY |
| Total Liabilities EOY | 16879237 | TotalLiabilitiesEOY |
| Net Assets Or Fund Balances BOY | 37522902 | NetAssetsOrFundBalancesBOY |
| Net Assets Or Fund Balances EOY | 35874807 | NetAssetsOrFundBalancesEOY |
| Info In Schedule O Part III | X | InfoInScheduleOPartIII |
| Mission Description | MEDIA DEVELOPMENT LOAN FUND, INC. (MDLF) 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. MDLF 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, AND IN | MissionDescription |
| Significant New Program Services | false | SignificantNewProgramServices |
| Significant Change | false | SignificantChange |
| Expense | 4502770 | Expense |
| Grants | 845443 | Grants |
| Revenue | 1465921 | Revenue |
| Description | MDLF 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. MDLF 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, MDLF 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, MDLF 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. | Description |
| Total Program Service Expense | 4502770 | TotalProgramServiceExpense |
| Described In501 C3 | true | DescribedIn501C3 |
| Schedule B Required | true | ScheduleBRequired |
| Political Activities | false | PoliticalActivities |
| Lobbying Activities | false | LobbyingActivities |
| Subject To Proxy Tax | false | SubjectToProxyTax |
| Donor Advised Funds | false | DonorAdvisedFunds |
| Conservation Easements | false | ConservationEasements |
| Collections Of Art | false | CollectionsOfArt |
| Credit Counseling | false | CreditCounseling |
| Term Or Permanent Endowments | true | TermOrPermanentEndowments |
| Report Land Bldg Equip | true | ReportLandBldgEquip |
| Report Invest Oth Securities | false | ReportInvestOthSecurities |
| Report Prog Rel Invest | true | ReportProgRelInvest |
| Report Other Assets | false | ReportOtherAssets |
| Report Other Liabilities | false | ReportOtherLiabilities |
| Report Fin48 Footnote | true | ReportFin48Footnote |
| Independent Audit Financial Stmt | false | IndependentAuditFinancialStmt |
| Consolidated Audit Financial Stmt | true | ConsolidatedAuditFinancialStmt |
| School | false | School |
| Foreign Office | true | ForeignOffice |
| Foreign Activities | true | ForeignActivities |
| More Than5000 K To Organizations | true | MoreThan5000KToOrganizations |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividuals |
| Professional Fundraising | false | ProfessionalFundraising |
| Fundraising Activities | false | FundraisingActivities |
| Gaming | false | Gaming |
| Hospital | false | Hospital |
| Grants To Organizations | true | GrantsToOrganizations |
| Grants To Individuals | false | GrantsToIndividuals |
| Schedule J Required | true | ScheduleJRequired |
| Tax Exempt Bonds | false | TaxExemptBonds |
| Excess Benefit Transaction | false | ExcessBenefitTransaction |
| Prior Excess Benefit Transaction | false | PriorExcessBenefitTransaction |
| Loan To Officer Or DQP | false | LoanToOfficerOrDQP |
| Grant To Related Person | false | GrantToRelatedPerson |
| Bsnss Rltnshp With Organization | false | BsnssRltnshpWithOrganization |
| Bsnss Rltnshp Thru Family Member | false | BsnssRltnshpThruFamilyMember |
| Officer Entity With Bsnss Rltnshp | true | OfficerEntityWithBsnssRltnshp |
| Deductible Non Cash Contributions | false | DeductibleNonCashContributions |
| Deductible Contributions Of Art | false | DeductibleContributionsOfArt |
| Terminated | false | Terminated |
| Partial Liquidation | false | PartialLiquidation |
| Disregarded Entity | true | DisregardedEntity |
| Related Entity | true | RelatedEntity |
| Related Org Controlled Entity | false | RelatedOrgControlledEntity |
| Transaction Related Entity | false | TransactionRelatedEntity |
| Transfers To Exempt Non Chrtbl Org | false | TransfersToExemptNonChrtblOrg |
| Activities Conducted Partnership | false | ActivitiesConductedPartnership |
| Schedule O Required | true | ScheduleORequired |
| Info In Schedule O Part V | X | InfoInScheduleOPartV |
| Number Forms Transmitted With1096 | 21 | NumberFormsTransmittedWith1096 |
| Number W2 G Included | 0 | NumberW2GIncluded |
| Compliance With Backup Witholding | true | ComplianceWithBackupWitholding |
| Number Of Employees | 0 | NumberOfEmployees |
| Unrelated Business Income | false | UnrelatedBusinessIncome |
| Foreign Financial Account | true | ForeignFinancialAccount |
| Name Of Foreign Country | UK | NameOfForeignCountry |
| Name Of Foreign Country | RS | NameOfForeignCountry |
| Name Of Foreign Country | EZ | NameOfForeignCountry |
| Name Of Foreign Country | PL | NameOfForeignCountry |
| Name Of Foreign Country | FR | NameOfForeignCountry |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTrans |
| Taxable Party Notification | false | TaxablePartyNotification |
| Non Deductible Contributions | false | NonDeductibleContributions |
| Quid Pro Quo Contributions | false | QuidProQuoContributions |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOf |
| Funds To Pay Premiums | false | FundsToPayPremiums |
| Premiums Paid | false | PremiumsPaid |
| Indoor Tanning Services | false | IndoorTanningServices |
| Info In Schedule O Part VI | X | InfoInScheduleOPartVI |
| Nbr Voting Governing Body Members | 8 | NbrVotingGoverningBodyMembers |
| Number Independent Voting Members | 5 | NumberIndependentVotingMembers |
| Family Or Business Relationship | false | FamilyOrBusinessRelationship |
| Delegation Of Management Duties | false | DelegationOfManagementDuties |
| Changes To Organizing Docs | false | ChangesToOrganizingDocs |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuse |
| Members Or Stockholders | false | MembersOrStockholders |
| Election Of Board Members | false | ElectionOfBoardMembers |
| Decisions Subject To Approval | false | DecisionsSubjectToApproval |
| Minutes Of Governing Body | true | MinutesOfGoverningBody |
| Minutes Of Committees | true | MinutesOfCommittees |
| Officer Mailing Address | false | OfficerMailingAddress |
| Local Chapters | false | LocalChapters |
| Form990 Provided To Governing Body | true | Form990ProvidedToGoverningBody |
| Conflict Of Interest Policy | true | ConflictOfInterestPolicy |
| Annual Disclosure Covered Persons | true | AnnualDisclosureCoveredPersons |
| Regular Monitoring Enforcement | true | RegularMonitoringEnforcement |
| Whistleblower Policy | true | WhistleblowerPolicy |
| Document Retention Policy | true | DocumentRetentionPolicy |
| Compensation Process CEO | true | CompensationProcessCEO |
| Compensation Process Other | true | CompensationProcessOther |
| Investment In Joint Venture | false | InvestmentInJointVenture |
| States Where Copy Of Return Is Filed | NY | StatesWhereCopyOfReturnIsFiled |
| Upon Request | X | UponRequest |
The Books Are In Care Of TheBooksAreInCareOf
| Field | Value | IRS element (for citing) |
|---|---|---|
| Name Person | MARI BUDESA | NamePerson |
| Telephone Number | 2128071852 | TelephoneNumber |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 WEST 20TH STREET | AddressLine1 |
| City | NEW YORK | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
Form990 Part VII Section A Form990PartVIISectionA (16 entries)
| TitleTitle | Average Hours Per WeekAverageHoursPerWeek | Individual Trustee Or DirectorIndividualTrusteeOrDirector | OfficerOfficer | Reportable Comp From OrganizationReportableCompFromOrganization | Reportable Comp From Related OrgsReportableCompFromRelatedOrgs | Other CompensationOtherCompensation | Highest Compensated EmployeeHighestCompensatedEmployee |
|---|---|---|---|---|---|---|---|
| Sasa Vucinic thru 33111 | |||||||
| Managing Director | 40.0 | X | X | 65889 | 0 | 0 | |
| Harlan Mandel | |||||||
| CEO | 40.0 | X | X | 215460 | 0 | 65545 | |
| Ying-Yuen Chan | |||||||
| Director | 2.0 | X | 0 | 0 | 0 | ||
| Sheila Coronel | |||||||
| DIRECTOR | 2.0 | X | 3000 | 0 | 0 | ||
| Annette Laborey | |||||||
| Vice Chairman | 2.0 | X | 0 | 0 | 0 | ||
| Aryeh Neier | |||||||
| Director | 2.0 | X | 0 | 0 | 0 | ||
| Alexander Papachristou | |||||||
| Treasurer | 2.0 | X | 0 | 0 | 0 | ||
| John Ryle | |||||||
| Director | 2.0 | X | 0 | 0 | 0 | ||
| Gerald Nagler | |||||||
| Director (NON-Voting) | 2.0 | X | 0 | 0 | 0 | ||
| BERNARD POULET | |||||||
| CHAIRMAN | 2.0 | X | X | 4000 | |||
| Elena Popovic | |||||||
| Secretary & General Counsel | 40.0 | X | 145383 | 0 | 27363 | ||
| Mari Budesa | |||||||
| CFO/Assistant Treasurer | 40.0 | X | 167679 | 0 | 35926 | ||
| Joy Curtin | |||||||
| Deputy CFO | 40.0 | 107114 | 0 | 28228 | X | ||
| Jaroslaw Gora | |||||||
| Senior Investment Advisor | 40.0 | 136861 | 0 | 0 | X | ||
| Anna Krynska | |||||||
| Chief Investment Officer | 40.0 | 137821 | 0 | 0 | X | ||
| Patrice Schneider | |||||||
| Chief Strategy Officer | 40.0 | 144640 | 0 | 0 | X | ||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | 1127847 | TotalReportableCompFromOrg |
| Total Reportable Comp Frm Rltd Orgs | 0 | TotalReportableCompFrmRltdOrgs |
| Total Other Compensation | 157062 | TotalOtherCompensation |
| Number Individuals GT100 K | 7 | NumberIndividualsGT100K |
| Formers Listed | false | FormersListed |
| Total Comp GT150 K | true | TotalCompGT150K |
| Compensation From Other Sources | true | CompensationFromOtherSources |
| Number Of Contractors GT100 K | 0 | NumberOfContractorsGT100K |
| Government Grants | 209618 | GovernmentGrants |
| All Other Contributions | 3676252 | AllOtherContributions |
| Total Contributions | 3885870 | TotalContributions |
Program Service Revenue ProgramServiceRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Description | PROGRAM RELATED INVESTMENTS/INTEREST ON LOANS | Description |
| Business Code | 900099 | BusinessCode |
| Total Revenue Column | 1465921 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1465921 | RelatedOrExemptFunctionIncome |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | 1465921 | TotalProgramServiceRevenue |
Investment Income InvestmentIncome
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 644331 | TotalRevenueColumn |
| Exclusion | $644,331 | ExclusionAmount |
Income From Invest Bond Proceeds IncomeFromInvestBondProceeds
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Royalties Revenue RoyaltiesRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Gain Or Loss Investments NetGainOrLossInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Fundraising Events NetIncomeFromFundraisingEvents
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income From Gaming NetIncomeFromGaming
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Net Income Or Loss NetIncomeOrLoss
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 0 | TotalRevenueColumn |
Other Revenue Misc OtherRevenueMisc (3 entries)
| DescriptionDescription | Business CodeBusinessCode | Total Revenue ColumnTotalRevenueColumn | Related Or Exempt Function IncomeRelatedOrExemptFunctionIncome | ExclusionExclusionAmount |
|---|---|---|---|---|
| CONSULTING FEES | 900099 | 70270 | 70270 | |
| MONITORING FEES | 900099 | 44542 | 44542 | |
| MISCELLANEOUS | 900099 | 37049 | $37,049 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Revenue | 151861 | TotalOtherRevenue |
Total Revenue TotalRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | 6147983 | TotalRevenueColumn |
| Related Or Exempt Function Income | 1580733 | RelatedOrExemptFunctionIncome |
| Unrelated Business Revenue | 0 | UnrelatedBusinessRevenue |
| Exclusion | $681,380 | ExclusionAmount |
Grants To Domestic Orgs GrantsToDomesticOrgs
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 11000 | Total |
| Program Services | 11000 | ProgramServices |
Grants To Domestic Individuals GrantsToDomesticIndividuals
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Foreign Grants ForeignGrants
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 834443 | Total |
| Program Services | 834443 | ProgramServices |
Benefits To Members BenefitsToMembers
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Comp Current Officers Directors CompCurrentOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 730245 | Total |
| Program Services | 565695 | ProgramServices |
| Management And General | 164550 | ManagementAndGeneral |
Comp Disqual Persons CompDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Other Salaries And Wages OtherSalariesAndWages
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 1547787 | Total |
| Program Services | 1195639 | ProgramServices |
| Management And General | 352148 | ManagementAndGeneral |
Pension Plan Contributions PensionPlanContributions
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 60246 | Total |
| Program Services | 46539 | ProgramServices |
| Management And General | 13707 | ManagementAndGeneral |
Other Employee Benefits OtherEmployeeBenefits
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 222423 | Total |
| Program Services | 171818 | ProgramServices |
| Management And General | 50605 | ManagementAndGeneral |
Payroll Taxes PayrollTaxes
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 156212 | Total |
| Program Services | 120671 | ProgramServices |
| Management And General | 35541 | ManagementAndGeneral |
Fees For Services Management FeesForServicesManagement
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Legal FeesForServicesLegal
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 98268 | Total |
| Program Services | 89947 | ProgramServices |
| Management And General | 8321 | ManagementAndGeneral |
Fees For Services Accounting FeesForServicesAccounting
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 79149 | Total |
| Management And General | 79149 | ManagementAndGeneral |
Fees For Services Lobbying FeesForServicesLobbying
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Prof Fundraising FeesForServicesProfFundraising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Fees For Services Invst Mgmnt Fees FeesForServicesInvstMgmntFees
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 97849 | Total |
| Management And General | 97849 | ManagementAndGeneral |
Fees For Services Other FeesForServicesOther
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 201721 | Total |
| Program Services | 143852 | ProgramServices |
| Management And General | 57869 | ManagementAndGeneral |
Advertising Advertising
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Office Expenses OfficeExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 151309 | Total |
| Program Services | 110804 | ProgramServices |
| Management And General | 40505 | ManagementAndGeneral |
Information Technology InformationTechnology
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 212548 | Total |
| Program Services | 150121 | ProgramServices |
| Management And General | 62427 | ManagementAndGeneral |
Royalties Royalties
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Occupancy Occupancy
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 214839 | Total |
| Program Services | 162605 | ProgramServices |
| Management And General | 52234 | ManagementAndGeneral |
Travel Travel
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 525852 | Total |
| Program Services | 370124 | ProgramServices |
| Management And General | 155728 | ManagementAndGeneral |
Travel Entrtnmnt Public Officials TravelEntrtnmntPublicOfficials
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Conferences Meetings ConferencesMeetings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Interest Interest
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 339867 | Total |
| Program Services | 339867 | ProgramServices |
Payments To Affiliates PaymentsToAffiliates
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 0 | Total |
Depreciation Depletion DepreciationDepletion
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 32500 | Total |
| Program Services | 22535 | ProgramServices |
| Management And General | 9965 | ManagementAndGeneral |
Insurance Insurance
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 16795 | Total |
| Program Services | 12196 | ProgramServices |
| Management And General | 4599 | ManagementAndGeneral |
Other Expenses OtherExpenses (3 entries)
| DescriptionDescription | TotalTotal | Program ServicesProgramServices | Management And GeneralManagementAndGeneral | FundraisingFundraising |
|---|---|---|---|---|
| PROVISION FOR LOSS-PRI INT. | 74790 | 74790 | 0 | |
| BANK FEES | 44739 | 44739 | 0 | |
| OTHER EXPENSES | 45060 | 35385 | 9675 | 0 |
Total Functional Expenses TotalFunctionalExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | 5697642 | Total |
| Program Services | 4502770 | ProgramServices |
| Management And General | 1194872 | ManagementAndGeneral |
| Fundraising | 0 | Fundraising |
Cash Non Interest Bearing CashNonInterestBearing
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2197518 | BOY |
| EOY | 1391011 | EOY |
Savings And Temp Cash Investments SavingsAndTempCashInvestments
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2566777 | BOY |
| EOY | 2594214 | EOY |
Pledges And Grants Receivable PledgesAndGrantsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 860000 | BOY |
| EOY | 3144941 | EOY |
Accounts Receivable AccountsReceivable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Officers Etc ReceivablesFromOfficersEtc
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Receivables From Disqual Persons ReceivablesFromDisqualPersons
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Notes Loans Receivable Net OtherNotesLoansReceivableNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Inventories For Sale Or Use InventoriesForSaleOrUse
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Prepaid Expenses Deferred Charges PrepaidExpensesDeferredCharges
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 824891 | BOY |
| EOY | 1149415 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Buildings Equipment Basis | 1050423 | LandBuildingsEquipmentBasis |
| Land Bldg Equipment Accum Deprec | 782964 | LandBldgEquipmentAccumDeprec |
Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 133493 | BOY |
| EOY | 267459 | EOY |
Investments Pub Traded Securities InvestmentsPubTradedSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 18484177 | BOY |
| EOY | 16294716 | EOY |
Investments Other Securities InvestmentsOtherSecurities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 180356 | EOY |
Investments Program Related InvestmentsProgramRelated
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 27894379 | BOY |
| EOY | 27731932 | EOY |
Intangible Assets IntangibleAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Other Assets Total OtherAssetsTotal
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Assets TotalAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52961235 | BOY |
| EOY | 52754044 | EOY |
Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 1059037 | BOY |
| EOY | 598985 | EOY |
Grants Payable GrantsPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 13524 | BOY |
| EOY | 190604 | EOY |
Deferred Revenue DeferredRevenue
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Tax Exempt Bond Liabilities TaxExemptBondLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Escrow Account Liability EscrowAccountLiability
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Loans From Officers Directors LoansFromOfficersDirectors
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Mort Notes Pybl Secured Invest Prop MortNotesPyblSecuredInvestProp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayable
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 14365772 | BOY |
| EOY | 16089648 | EOY |
Other Liabilities OtherLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Liabilities TotalLiabilities
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 15438333 | BOY |
| EOY | 16879237 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Follow SFAS117 | X | FollowSFAS117 |
Unrestricted Net Assets UnrestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 34790093 | BOY |
| EOY | 30676120 | EOY |
Temporarily Restricted Net Assets TemporarilyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 2732809 | BOY |
| EOY | 5198687 | EOY |
Permanently Restricted Net Assets PermanentlyRestrictedNetAssets
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 0 | BOY |
| EOY | 0 | EOY |
Total Net Assets Fund Balances TotalNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 37522902 | BOY |
| EOY | 35874807 | EOY |
Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | 52961235 | BOY |
| EOY | 52754044 | EOY |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | X | InfoInScheduleOPartXI |
| Reconcilation Revenue Expenses | 450341 | ReconcilationRevenueExpenses |
| Reconcilation Other Changes | -2098436 | ReconcilationOtherChanges |
| Method Of Accounting Accrual | X | MethodOfAccountingAccrual |
| Accountant Compile Or Review | false | AccountantCompileOrReview |
| FS Audited | true | FSAudited |
| Audit Committee | true | AuditCommittee |
| Financial Statement Consolidated | X | FinancialStatementConsolidated |
| Federal Grant Audit Required | false | FederalGrantAuditRequired |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Publicly Supported Org170b1 Avi | X | PubliclySupportedOrg170b1Avi |
Gifts Grants Contrib Received170 GiftsGrantsContribReceived170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5585714 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5070686 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3434470 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2402143 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3885870 | CurrentTaxYear |
| Total | 20378883 | Total |
Total170 Total170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 5585714 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 5070686 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 3434470 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2402143 | CurrentTaxYearMinus1Year |
| Current Tax Year | 3885870 | CurrentTaxYear |
| Total | 20378883 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Amounts Subst Contributors Total | 15738383 | AmountsSubstContributorsTotal |
| Public Support Total170 | 4640500 | PublicSupportTotal170 |
Gross Investment Income170 GrossInvestmentIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 364477 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 666129 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 702674 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 444988 | CurrentTaxYearMinus1Year |
| Current Tax Year | 644331 | CurrentTaxYear |
| Total | 2822599 | Total |
Other Income170 OtherIncome170
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | 101377 | CurrentTaxYearMinus4Years |
| Current Tax Year Minus3 Years | 477510 | CurrentTaxYearMinus3Years |
| Current Tax Year Minus2 Years | 0 | CurrentTaxYearMinus2Years |
| Current Tax Year Minus1 Year | 2495 | CurrentTaxYearMinus1Year |
| Current Tax Year | 37049 | CurrentTaxYear |
| Total | 618431 | Total |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | 23819913 | TotalSupport |
| Gross Receipts From Admissions Etc | 33518082 | GrossReceiptsFromAdmissionsEtc |
| Public Support Pertcentage170 | 0.19482 | PublicSupportPertcentage170 |
| Public Support Pertcent Prior Year | 0.27918 | PublicSupportPertcentPriorYear |
| Ten Percent Test Current Year | X | TenPercentTestCurrentYear |
| General Explanation | Media Development Loan Fund (MDLF) is a mission-driven investment fund for independent news outlets in countries with a history of media oppression. MDLF provides low-cost capital and technical know-how to help journalists in challenging environments build sustainable businesses around professional, responsible, quality journalism. MDLF depends on the generosity of large private foundations, governmental entities and the public at large to continue its important work. In recent years, the United States economy has experienced an economic downturn that has impacted all segments of the corporate and not-for-profit world. Charitable giving has diminished across the not-for-profit sector; as a result, organizations like MDLF 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. MDLF is fortunate to have secured the patronage of one significant contributor, Open Society Institute, that has enabled it to weather the difficult economic times, leaving it with enough funds to support those programs that further its charitable mission. MDLF 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, MDLF 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: It's easy to invest in MDLF's work, providing independent news businesses with the financing they need to hold governments to account, expose corruption and fight for justice for all. 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. We can also accommodate special options on a case-by-case basis, and will be pleased to discuss your giving plans with you - send us an email or telephone us direct on +1 (212) 807 1304. These activities target prospective donors who support MDLF's mission and programs. 2. Percentage of financial support - the Foundation's public support percentage exceeds 19%. 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. MDLF's support percentage is low because it receives a large percentage of its contributions from a private foundation. 3. Sources of Support - MDLF 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 MDLF will see an increase in funding. 4. Representative Governing Body -MDLF has a governing body that is broadly represented by members of the community. Each of these factors are significant positive evidence of MDLF's publicly supported nature. | GeneralExplanation |
Schedule B IRS990ScheduleB
Contributor Info ContributorInfo
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor Number | RESTRICTED | ContributorNumber |
Contributor Name Business ContributorNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor Address US ContributorAddressUS
| 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) |
|---|---|---|
| Aggregate Contributions | RESTRICTED | AggregateContributions |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Art Public Exhibition Amts | ArtPublicExhibitionAmts | |
| Held Works Of Art Amts | HeldWorksOfArtAmts |
Current Year CurrentYear
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 18484177 | BeginningOfYearBalance |
| Contributions | 5101200 | Contributions |
| Investment Earnings Or Losses | 122369 | InvestmentEarningsOrLosses |
| Other Expenditures | 7134825 | OtherExpenditures |
| Administrative Expenses | 97849 | AdministrativeExpenses |
| End Of Year Balance | 16475072 | EndOfYearBalance |
Current Year Minus1 Year CurrentYearMinus1Year
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 17418792 | BeginningOfYearBalance |
| Contributions | 4000000 | Contributions |
| Investment Earnings Or Losses | 724267 | InvestmentEarningsOrLosses |
| Other Expenditures | 3582533 | OtherExpenditures |
| Administrative Expenses | 76349 | AdministrativeExpenses |
| End Of Year Balance | 18484177 | EndOfYearBalance |
Current Year Minus2 Years CurrentYearMinus2Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 8586800 | BeginningOfYearBalance |
| Contributions | 7694440 | Contributions |
| Investment Earnings Or Losses | 1147886 | InvestmentEarningsOrLosses |
| Other Expenditures | 10334 | OtherExpenditures |
| End Of Year Balance | 17418792 | EndOfYearBalance |
Current Year Minus3 Years CurrentYearMinus3Years
| Field | Value | IRS element (for citing) |
|---|---|---|
| Beginning Of Year Balance | 0 | BeginningOfYearBalance |
| Contributions | 8578818 | Contributions |
| Investment Earnings Or Losses | 7982 | InvestmentEarningsOrLosses |
| End Of Year Balance | 8586800 | EndOfYearBalance |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Board Designated EOY Balance | 1.00000 | BoardDesignatedEOYBalance |
| Land | Land | |
| Buildings | Buildings |
Leasehold Improvements LeaseholdImprovements
| Field | Value | IRS element (for citing) |
|---|---|---|
| Investment Cost Or Other Basis | 0 | InvestmentCostOrOtherBasis |
| Other Cost Or Other Basis | 199323 | OtherCostOrOtherBasis |
| Depreciation | 188591 | Depreciation |
| Book Value | 10732 | BookValue |
Equipment Equipment
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 317093 | OtherCostOrOtherBasis |
| Depreciation | 291650 | Depreciation |
| Book Value | 25443 | BookValue |
Other Land Buildings OtherLandBuildings
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | 534007 | OtherCostOrOtherBasis |
| Depreciation | 302723 | Depreciation |
| Book Value | 231284 | BookValue |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Land Buildings | 267459 | TotalOfBookValueLandBuildings |
Investments Program Related InvestmentsProgramRelated (8 entries)
| DescriptionDescription | Book ValueBookValue | Method Of ValuationMethodOfValuation |
|---|---|---|
| 29321901 | C | |
| TELEVISION | 6276430 | C |
| RADIO | 2703920 | C |
| ONLINE | 542072 | C |
| NEWS AGENCY | 803155 | C |
| OTHER | 148908 | C |
| UNREMITTED EQUITY IN NET | -2120185 | C |
| EARNINGS OF EQUITY INVESTEES | C |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Of Book Value Program Related | 27731932 | TotalOfBookValueProgramRelated |
| Federal Income Tax Liability | 0 | FederalIncomeTaxLiability |
| Total Of Amounts | 0 | TotalOfAmounts |
| Total Revenue | 6147983 | TotalRevenue |
| Total Expenses | 5697642 | TotalExpenses |
| Excess Or Deficit For Year | 450341 | ExcessOrDeficitForYear |
| Net Unrealized GL On Investments | -957414 | NetUnrealizedGLOnInvestments |
| Other | -$1,141,022 | OtherAmount |
| Total Adjustments | -2098436 | TotalAdjustments |
| Excess Or Deficit Per FS | -1648095 | ExcessOrDeficitPerFS |
| Tot Revenue Etc Audited Fincl Stmt | 4687125 | TotRevenueEtcAuditedFinclStmt |
| Net Unrealized Gains Investments | -957414 | NetUnrealizedGainsInvestments |
| Other Revenues | -503444 | OtherRevenues |
| Revenue Not Rptd F990 | -1460858 | RevenueNotRptdF990 |
| Revenue Subtotal | 6147983 | RevenueSubtotal |
| Total Revenue Per Form990 | 6147983 | TotalRevenuePerForm990 |
| Tot Expenses Etc Audited Fincl Stmt | 6335220 | TotExpensesEtcAuditedFinclStmt |
| Other Expenses Included | 637578 | OtherExpensesIncluded |
| Expenses Not Rptd F990 | 637578 | ExpensesNotRptdF990 |
| Expenses Subtotal | 5697642 | ExpensesSubtotal |
| Total Expenses Per Form990 | 5697642 | TotalExpensesPerForm990 |
Form990 Schedule D Part XIV Form990ScheduleDPartXIV (5 entries)
| IdentifierIdentifier | Return ReferenceReturnReference | ExplanationExplanation |
|---|---|---|
| Restricted Assets | Schedule D, Part V, Line IV | In March of 2008, the Board of Directors of the Media Development Loan 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. |
| FIN 48 | Schedule D, Part X, Line 2 | MANAGEMENT EVALUATED THE TAX POSITIONS FOR MDLF AND EACH OF THE CONSOLIDATED ENTITIES AND CONCLUDED THAT THE FUND HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. WITH FEW EXCEPTIONS, THE FUND IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2008, WHICH IS THE STANDARD STATUTE OF LIMITATIONS LOOK-BACK PERIOD. |
| Reconciliation of Net Assets | Schedule D, Part XI, Line 8 | EQUITY IN NET EARNINGS OF INVESTEES $(627,395) Adjustment for provision for doubtful program-related investments, net (637,578) Foreign Currency Translation Loss 123,951 ------------ TOTAL: (1,141,022) ============ |
| Reconciliation of Revenue | Schedule D, Part XII, Line 2d | EQUITY IN NET EARNINGS OF INVESTEES $(627,395) Foreign Currency Translation Loss 123,951 ------------ TOTAL: (503,444) ============ |
| Reconciliation of Expenses | Schedule D, Party XIII, Line 2D | Adjustment for provision for doubtful program-related investments, net (637,578) |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | true | GrantRecordsMaintained |
Accts Actvs Out US Table AcctsActvsOutUSTable (13 entries)
| RegionRegion | Number Of OfficesNumberOfOffices | Number Of EmployeesNumberOfEmployees | Type Of Activities ConductedTypeOfActivitiesConducted | Specific Services ProvidedSpecificServicesProvided | Total ExpendituresTotalExpenditures |
|---|---|---|---|---|---|
| East Asia and the Pacific | 0 | 3 | Program Services | PROGRAM RELATED INV. | 527131 |
| Europe (Including Iceland and Greenland) | 2 | 12 | Program Services | PROGRAM RELATED INV. | 183710 |
| South America | 0 | 0 | Program Services | PROGRAM RELATED INV. | 60000 |
| Sub-Saharan Africa | 0 | 0 | Program Services | PROGRAM RELATED INV. | 17000 |
| Russia and the Newly Independent States | 1 | 4 | Program Services | PROGRAM RELATED INV. | 33902 |
| South Asia | 0 | 0 | Program Services | PROGRAM RELATED INV. | 12700 |
| South America | Investments | 2201707 | |||
| Europe (Including Iceland and Greenland) | Investments | 11028501 | |||
| Russia and the Newly Independent States | Investments | 10365095 | |||
| Central America and the Caribbean | Investments | 3410794 | |||
| East Asia and the Pacific | Investments | 1879474 | |||
| Sub-Saharan Africa | Investments | 9598005 | |||
| South Asia | Investments | 1312000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Number Of Offices | 3 | SubtotalNumberOfOffices |
| Subtotal Number Of Employees | 19 | SubtotalNumberOfEmployees |
| Total Number Of Offices | 3 | TotalNumberOfOffices |
| Total Number Of Employees | 19 | TotalNumberOfEmployees |
| Subtotal Amount Spent | 40630019 | SubtotalAmountSpent |
| Total Amount Spent | 40630019 | TotalAmountSpent |
Grants To Orgs Outside US GrantsToOrgsOutsideUS (12 entries)
| RegionRegion | Purpose Of GrantPurposeOfGrant | Amount Of Cash GrantAmountOfCashGrant |
|---|---|---|
| Europe/Iceland/Greenland | Tech/Leg aid | 12000 |
| Europe/Iceland/Greenland | Tech/Leg aid | 5222 |
| Russia | Tech/Leg aid | 16580 |
| Europe/Iceland/Greenland | Tech/Leg aid | 150000 |
| Europe/Iceland/Greenland | Tech/Leg aid | 6488 |
| East Asia/Pacific | Tech/Leg aid | 506214 |
| Sub-Saharan Africa | Tech/Leg aid | 17000 |
| South America | Tech/Leg aid | 60000 |
| East Asia/Pacific | Tech/Leg aid | 16787 |
| South Asia | Tech/Leg aid | 12700 |
| Russia | Tech/Leg aid | 11209 |
| Europe/Iceland/Greenland | Tech/Leg aid | 10000 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Number Of Other Orgs | 12 | TotalNumberOfOtherOrgs |
| Transfer To Foreign Corp | false | TransferToForeignCorp |
| Interest In Foreign Trust | false | InterestInForeignTrust |
| Own Foreign Corp | false | OwnForeignCorp |
| Passive Foreign Invest Co | false | PassiveForeignInvestCo |
| Foreign Partnership | false | ForeignPartnership |
| Boycott Countries | false | BoycottCountries |
Form990 Schedule F Part V Form990ScheduleFPartV (3 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Schedule F, Part I, Line 2 | Applying for MDLF financing is a detailed process that usually takes several months. MDLF 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 MDLF 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 MDLF 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 MDLF with unrestricted access to accounting records. |
| Schedule F, Part I, Line 3, Column F | The amounts reported in Part I, Line 3, column (f) represent the program related investments MDLF has made 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 on the investments and should tie back to Part IX, Line 3. In addition, MDLF has listed the End-of-the-year value of its Program Related Investments in each Region in Part 1. These amounts, in contrast to the current year expenditures in those regions, have been reported as "Investments" in Part I. For the sake of clarity, it should be noted that these are PROGRAM RELATED INVESTMENTS. |
| Schedule F, Part II, Line 1, Col D | MDLF's primary exempt purpose is to support news outlets in countries with a history of oppression of the freedom of expression. Occasionally, MDLF will make grants to organizations in these countries to provide leading journalists with the support they need to create lasting institutions for change. |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Records Maintained | true | RecordsMaintained |
Recipient Table RecipientTable
Recipient Name Business RecipientNameBusiness
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | EURASIA FOUNDATION | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1350 Connecticut Avenue NW | AddressLine1 |
| City | WASHINGTON | City |
| State | DC | State |
| ZIP Code | 20036 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN Of Recipient | 521780162 | EINOfRecipient |
| IRC Section | 501(c)(3) | IRCSection |
| Amount Of Cash Grant | 6000 | AmountOfCashGrant |
| Purpose Of Grant | Bill Maynes Grant | PurposeOfGrant |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Nbr Of501 C3 And Govt Grants | 1 | TotalNbrOf501C3AndGovtGrants |
| Total Nbr Of Other Organizations | 0 | TotalNbrOfOtherOrganizations |
Form990 Schedule I Part IV Form990ScheduleIPartIV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | Schedule I, Part I, line 1 | Identifier |
| Explanation | Media Development Loan Fund does not ordinarily make grants to organizations inside the United States; however, the organization received a request from the Eurasia Foundation to make a grant to the Bill Maynes Fund. The Bill Maynes Fund provides fellowships to exemplary leaders from the former Soviet Union. The fellowship will support early to mid-career professionals with a proven record of championing the values that the Eurasia Foundation and its network partners promote. It will provide Fellows with the opportunity to forge deep professional connections between experts and organizations in the US who specialize in the fellows' work. Media Development Loan Fund received an acknowledgement letter from the Eurasia Foundation notifying MDLF how the funds were expended. | Explanation |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | X | CompensationCommittee |
| Written Employment Contract | X | WrittenEmploymentContract |
| Board Or Committee Approval | X | BoardOrCommitteeApproval |
| Severance Payment | false | SeverancePayment |
| Supplemental Nonqual Retire Plan | false | SupplementalNonqualRetirePlan |
| Equity Based Comp Arrangement | false | EquityBasedCompArrangement |
| Comp Based On Revenue Of Filing Org | false | CompBasedOnRevenueOfFilingOrg |
| Comp Based On Revenue Related Orgs | false | CompBasedOnRevenueRelatedOrgs |
| Comp Based Net Earnings Filing Org | false | CompBasedNetEarningsFilingOrg |
| Comp Based Net Earnings Relate Orgs | false | CompBasedNetEarningsRelateOrgs |
| Any Non Fixed Payments | false | AnyNonFixedPayments |
| Initial Contract Exception | false | InitialContractException |
Form990 Schedule J Part II Form990ScheduleJPartII (4 entries)
| Base Compensation Filing OrgBaseCompensationFilingOrg | Comp Based On Related OrgsCompBasedOnRelatedOrgs | Bonus Filing OrgBonusFilingOrg | Bonus Related OrgsBonusRelatedOrgs | Other Compensation Filing OrgOtherCompensationFilingOrg | Other Compensation Related OrgsOtherCompensationRelatedOrgs | Deferred Comp Filing OrgDeferredCompFilingOrg | Deferred Comp Related OrgsDeferredCompRelatedOrgs | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrg | Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs | Total Compensation Filing OrgTotalCompensationFilingOrg | Total Compensation Related OrgsTotalCompensationRelatedOrgs | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrg | Comp Report Prior990 Related OrgsCompReportPrior990RelatedOrgs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Joy Curtin | |||||||||||||
| 100389 | 0 | 0 | 0 | 6725 | 0 | 16207 | 0 | 12021 | 0 | 135342 | 0 | 0 | 0 |
| Harlan Mandel | |||||||||||||
| 213750 | 0 | 0 | 0 | 1710 | 0 | 31770 | 0 | 33775 | 0 | 281005 | 0 | 0 | 0 |
| Elena Popovic | |||||||||||||
| 144837 | 0 | 0 | 0 | 546 | 0 | 14954 | 0 | 12409 | 0 | 172746 | 0 | 0 | 0 |
| Mari Budesa | |||||||||||||
| 153201 | 0 | 0 | 0 | 14478 | 0 | 22831 | 0 | 13095 | 0 | 203605 | 0 | 0 | 0 |
Schedule L IRS990ScheduleL
Form990 Schedule L Part IV Form990ScheduleLPartIV (2 entries)
| RelationshipRelationship | Amount Of TransactionAmountOfTransaction | Description Of TransactionDescriptionOfTransaction | Sharing Of RevenuesSharingOfRevenues |
|---|---|---|---|
| Annette Laborey OSI Officer | |||
| SEE PART V | 2420000 | SEE PART V FOR COLUMNS C & D | false |
| Aryeh Neier OSI Board Member | |||
| SEE PART V | 2420000 | SEE PART V FOR COLUMNS C & D | false |
Form990 Schedule L Part V Form990ScheduleLPartV
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | INTERESTED PERSONS | Identifier |
| Return Reference | SCHEDULE L, PART IV, COL B & D | ReturnReference |
| Explanation | TWO MEDIA DEVELOPMENT LOAN FUND BOARD OF DIRECTOR MEMBERS, ARYEH NEIER AND ANNETTE LABOREY, HAVE A BUSINESS RELATIONSHIP WITH A SUBSTANTIAL CONTRIBUTOR, OPEN SOCIETY INSTITUTE. ARYEH NEIER IS the President OF THE OPEN SOCIETY INSTITUTE'S BOARD OF DIRECTORS, ANNETTE LABOREY IS AN OFFICER OF OPEN SOCIETY INSTITUTE. THE AMOUNT CONTRIBUTED IN 2011 WAS $2,420,000. In the interests of clarity, it should also be noted that Open Society Institute pays the salaries of all of the Media Development Loan Fund's compensated United States employees (See Schedule O). | Explanation |
Schedule O IRS990ScheduleO
General Explanation GeneralExplanation (7 entries)
| IdentifierIdentifier | ExplanationExplanation |
|---|---|
| Form 990, Part V, line 2a | THE INDIVIDUALS PERFORMING SERVICES FOR THE MEDIA DEVELOPMENT LOAN FUND, INC (MDLF) ARE LEASED EMPLOYEES FROM AN UNRELATED ORGANIZATION, OPEN SOCIETY INSTITUTE, INC (OSI). MDLF PAYS OSI A MANGAGEMENT AND ADMINISTRATIVE FEE TO COVER EMPLOYEE COSTS, INCLUDING SALARY, BENEFITS AND OTHER ANCILLARY COSTS. ALL EMPLOYEES PROVIDING SERVICES TO MDLF RECEIVE THEIR W-2 FROM OSI, THEREFORE, FOR PURPOSES OF PART V, LINE 2A, MDLF HAS NO EMPLOYEES TO REPORT ON A W-3 TO BE FILED WITH THE IRS. IN 2011, MDLF LEASED 12 EMPLOYEES FROM OSI. |
| 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 MDLF is required to annually disclose any conflicts of interest that arise by virtue of their employment, board service, or position with the College. MDLF 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 MDLF BOARD OF DIRECTORS. MDLF 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 MDLF compensation committee approves the compensation. This final determination is then documented in committee minutes. |
| Form 990, Part VI, Line 15B | MDLF 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 Managing Director 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 5 | EQUITY IN NET EARNINGS OF INVESTEES $(627,395) Foreign Currency Translation Loss 123,951 Adjustment for provision for doubtful program-related investments, net (637,578) unrealized gains on investments (957,414) ------------ TOTAL: (2,098,436) ============ |
Schedule R IRS990ScheduleR
Form990 Schedule R Part I Form990ScheduleRPartI
Name Of Disregarded Entity NameOfDisregardedEntity
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Digital News Ventures LLC | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 west 20th street | AddressLine1 |
| City | new york | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 134052259 | EIN |
| Primary Activities | PRI | PrimaryActivities |
| Legal Domicile State | NY | LegalDomicileState |
| Total Income | 0 | TotalIncome |
| EOY Assets | 0 | EOYAssets |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
Form990 Schedule R Part IV Form990ScheduleRPartIV
Name Of Related Org NameOfRelatedOrg
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MDLF Service Corp | BusinessNameLine1 |
Address US AddressUS
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 37 west 20th street | AddressLine1 |
| City | new york | City |
| State | NY | State |
| ZIP Code | 10011 | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Primary Activity | Agency Accoun | PrimaryActivity |
| Legal Domicile State | DE | LegalDomicileState |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | NA | BusinessNameLine1 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Type Of Entity | C | TypeOfEntity |
| Share Of EOY Assets | 1580 | ShareOfEOYAssets |
| Percentage Ownership | 1.00000 | PercentageOwnership |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Ann Rents Royalties | false | ReceiptOfIntAnnRentsRoyalties |
| Gift Grant Or Cap Contr To Other Org | false | GiftGrantOrCapContrToOtherOrg |
| Gift Grant Or Cap Contr Fr Other Org | false | GiftGrantOrCapContrFrOtherOrg |
| Loans Or Guarantees To Other Org | false | LoansOrGuaranteesToOtherOrg |
| Loans Or Guarantees From Other Org | false | LoansOrGuaranteesFromOtherOrg |
| Sale Of Assets To Other Org | false | SaleOfAssetsToOtherOrg |
| Purchase Of Assets From Other Org | false | PurchaseOfAssetsFromOtherOrg |
| Exchange Of Assets | false | ExchangeOfAssets |
| Rental Of Facilities To Other Orgs | false | RentalOfFacilitiesToOtherOrgs |
| Rental Of Facilities Fr Other Orgs | false | RentalOfFacilitiesFrOtherOrgs |
| Perform Of Services For Other Orgs | false | PerformOfServicesForOtherOrgs |
| Perform Of Services By Other Orgs | false | PerformOfServicesByOtherOrgs |
| Sharing Of Facilities | true | SharingOfFacilities |
| Sharing Of Paid Employees | true | SharingOfPaidEmployees |
| Reimbursement Paid To Other Org | false | ReimbursementPaidToOtherOrg |
| Reimbursement Paid By Other Org | false | ReimbursementPaidByOtherOrg |
| Other Transfer To Other Org | false | OtherTransferToOtherOrg |
| Other Transfer From Other Org | false | OtherTransferFromOtherOrg |
Form990 Schedule R Part VII Form990ScheduleRPartVII
| Field | Value | IRS element (for citing) |
|---|---|---|
| Identifier | DISREGARDED ENTITY | Identifier |
| Return Reference | SCHEDULE R, PART I | ReturnReference |
| Explanation | MEDIA DEVELOPMENT LOAN 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 THE HOLDING OF A FOREIGN INVESTMENT. THE AMOUNT REPORTED ON SCHEDULE R, COLUMN D REPRESENTS THE FUND'S PRO RATA SHARE OF THE INVESTEE'S NET PROFITS OR LOSSES. THIS INVESTMENT HAS BEEN REPORTED IN THE ORGANIZATION'S FINANCIAL STATEMENTS AS "EQUITY IN NET EARNINGS OR LOSSES OF INVESTEES". | Explanation |
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