MEDIA CARES FOUNDATION INC

EIN: 134095364 501(c)(3) Philanthropy & Grantmaking

NEW YORK, NY

Total Revenue
$215,933
Total Expenses
$286,685
Total Assets
$599,386
Net Assets
$586,776
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2000
Legal Domicile
NY
Principal Officer
LOUIS GARY
Phone
9177968891
Tax Period
2023-01-01 to 2023-12-31

MEDIA CARES FOUNDATION INC, founded in 2000, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $216K in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $287K exceeded revenue, resulting in a 33% operating deficit.

Mission

PUBLIC PROGRAMS: BIO-MEDICAL, PUBLIC HEALTH, EDUCATION, ARTS & CASH GRANTS TO 501(C)3S. VOLUNTEER TECHNICAL ASSISTANCE TO 501(C)3S BY DIRECTORS, JOURNALISTS, PUBLIC POLICY, BIO-MEDICAL EXPERTS & PHILANTHROPISTS.

Program Service Accomplishments

Program 1
Expenses: $227,551

TO PROMOTE HEALTH, SOCIAL WELFARE, THE ARTS & ADVANCEMENT AND SCIENCE THROUGH PUBLIC PROGRAMS AND TECHNICAL ASSISTANCE FOR PUBLIC SERVICE, SCIENCE, HEALTH, EDUCATION, URBAN PLANNING, SOCIAL SERVICES...

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TO PROMOTE HEALTH, SOCIAL WELFARE, THE ARTS & ADVANCEMENT AND SCIENCE THROUGH PUBLIC PROGRAMS AND TECHNICAL ASSISTANCE FOR PUBLIC SERVICE, SCIENCE, HEALTH, EDUCATION, URBAN PLANNING, SOCIAL SERVICES, THE ARTS AND CULTURE, WITH CASH GRANTS TO OTHER 501(C)3 ORGANIZATIONS PLUS ADVICE AND TECHNICAL ASSISTANCE BY DIRECTORS AND OTHERS WHO VOLUNTEER THEIR MEDIA, NON-PROFIT, PUBLIC POLICY AND OTHER EXPERTISE TO 501(C)3 ORGANIZATIONS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $217,184
Program Service Revenue $0
Investment Income $-1,251
Other Revenue $0
TOTAL REVENUE $215,933

Expense Breakdown

Grants Paid $3,500
Salaries & Benefits $194,415
Fundraising Expenses $10,653
Program Expenses $227,551
Other Expenses $88,770
TOTAL EXPENSES $286,685

Year-over-Year Comparison

2023 2022 Change
Revenue $215,933 $186,612 +0.2%
Expenses $286,685 $323,325 -0.1%
Net Income $-70,752 $-136,713 -0.5%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
7
Employees
1
Volunteers
51

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$183,414
Total Directors
9
$183,414
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CAROL ARDMAN DIRECTOR 1.00
Director
$0 $0 $0
DALE BURG CO-CHR CO-TR 1.00
Officer Director
$0 $0 $0
RUTH FRIENDLY DIRECTOR 1.00
Director
$0 $0 $0
LOUIS GARY CEO & DIRECT 32.00
Officer Director
$0 $0 $0
LYNDA GOULD CO-CHR CO-TR 1.00
Officer Director
$0 $0 $0
JOHN KITTLE PRESIDENT, D 32.00
Officer Director
$140,668 $42,746 $183,414
EDITH LEDERER DIRECTOR 1.00
Director
$0 $0 $0
ALAN LEWIS DIRECTOR 1.00
Director
$0 $0 $0
JILL SPALDING DIRECTOR 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $215,933 $286,685 $599,386 $-70,752
2022 $186,612 $323,325 $661,027 $-136,713
2021 $296,193 $355,200 $804,919 $-59,007
2020 $287,094 $424,185 $864,790 $-137,091
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