FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC

EIN: 222635292 501(c)(3) Arts, Culture & Humanities

KATONAH, NY

Total Revenue
$2,009,092
Total Expenses
$2,117,874
Total Assets
$3,744,249
Net Assets
$3,670,328
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1989
Legal Domicile
NY
Principal Officer
MICHAEL G BARHAM
Phone
9176267488
Tax Period
2023-01-01 to 2023-12-31

FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC, founded in 1989, is a community nonprofit in the Arts, Culture & Humanities sector that reported $2.0M in total revenue in fiscal year 2023.

Mission

THE CHIEF OBJECTIVE OF THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA, INC IS TO CONDUCT ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE PURPOSE OF EDUCATING AND MENTORING INDIVIDUALS OF COLOR IN THE FIELD OF COMMUNICATIONS LEADING TO EMPLOYMENT OPPORTUNITIES IN THE COMMUNCATIONS INDUSTRY.

Program Service Accomplishments

Program 1
Expenses: $1,621,701

THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA FELLOWSHIP PROGRAM INCLUDES A COMPONENT FOR SCHOLARSHIPS. ALL STUDENTS ACTIVELY PARTICIPATING IN THE PROGRAM WHO DEMONSTRATE FINANCIAL NEED ARE ELIGIBLE...

Read more

THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA FELLOWSHIP PROGRAM INCLUDES A COMPONENT FOR SCHOLARSHIPS. ALL STUDENTS ACTIVELY PARTICIPATING IN THE PROGRAM WHO DEMONSTRATE FINANCIAL NEED ARE ELIGIBLE FOR SCHOLARSHIP FUNDS UP TO A MAXIMUM CAP DETERMINED BY THE ORGANIZATION. SPECIFIC PROGRAMS INCLUDE THE LAUNCH PROGRAM AND THE ANNUAL CONFERENCE. LAUNCH PREPARES EMMA BOWEN SENIORS TO ENTER THE WORKFORCE THROUGH GROUP AND INDIVIDUAL MENTORING, INTERVIEW PREP, JOB SEARCH GUIDANCE, AND MORE. THE ANNUAL SUMMER CONFERENCE INTRODUCES STUDENTS TO ALL OF EBF'S PARTNER COMPANIES, AS WELL AS CONNECTS PARTNERS TO EBF'S VIBRANT TALENT COMMUNITY, WHICH INCLUDES INTERNS AT OTHER EBF PARTNER COMPANIES, ALUMNI, AND MEMBERS OF THE ALL MULTICULTURAL MEDIA PROFESSIONALS ("AMMP") NETWORK.

Program 2
Expenses: $108,949

THE FOUNDATION ALSO HAS PROGRAMS GEARED TOWARDS ESTABLISHED PROFESSIONALS IN THE INDURSTY. THE EARLY CAREER LEADERSHIP ("ECL")COACHING PROGRAM EQUIPS YOUNG TALENT IN THE MEDIA, ENTERTAINMENT AND...

Read more

THE FOUNDATION ALSO HAS PROGRAMS GEARED TOWARDS ESTABLISHED PROFESSIONALS IN THE INDURSTY. THE EARLY CAREER LEADERSHIP ("ECL")COACHING PROGRAM EQUIPS YOUNG TALENT IN THE MEDIA, ENTERTAINMENT AND TECHNOLOGY INDUSTRIES WITH TOOLS TO MANAGE THEIR CAREERS, NAVIGATE THE WORLD OF BUSINESS AND DEVELOP THE LEADERSHIP SKILLS THAT ARE NECESSARY TO ACHIEVE THEIR GOALS.

Program 3
Expenses: $111,600

TO ENGAGE EXECUTIVES AND LEADERS IN THE FIELD, THE ORGANIZATION HAS ESTABLISHED EBF COUNCILS. THESE ARE DISCIPLINE FOCUSED GROUPS DESIGNED TO GIVE SPACE FOR EBF ADVISORY COUNCIL MEMBERS TO ENGAGE...

Read more

TO ENGAGE EXECUTIVES AND LEADERS IN THE FIELD, THE ORGANIZATION HAS ESTABLISHED EBF COUNCILS. THESE ARE DISCIPLINE FOCUSED GROUPS DESIGNED TO GIVE SPACE FOR EBF ADVISORY COUNCIL MEMBERS TO ENGAGE MORE CONSISTENTLY WITH THE EBF COMMUNITY AND STAY REGULARLY INFORMED OF EBF ACTIVITIES. EBF COUNCILS WILL PROVIDE EXECUTIVES AND LEADERS IN THE FIELD WITH AN OPPORTUNITY TO SHARE KNOWLEDGE AND BEST PRACTICES, PROVIDE FEEDBACK ON THE EFFECTIVENESS OF RELEVANT EBF PROGRAMS, STRENGTHEN CONNECTIONS TO PEERS IN THE EBF COMMUNITY, AND HELP EBF BUILD MEANINGFUL PROGRAMMING FOR STUDENTS AND ALUMNI.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Sign In — Free (10 views/day)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,947,029
Program Service Revenue $0
Investment Income $62,063
Other Revenue $0
TOTAL REVENUE $2,009,092

Expense Breakdown

Grants Paid $406,000
Salaries & Benefits $1,336,478
Fundraising Expenses $0
Program Expenses $1,842,250
Other Expenses $375,396
TOTAL EXPENSES $2,117,874

Year-over-Year Comparison

2023 2022 Change
Revenue $2,009,092 $2,056,480 0.0%
Expenses $2,117,874 $2,183,145 0.0%
Net Income $-108,782 $-126,665 -0.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
19
Independent Members
19
Employees
11
Volunteers
N/A

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
7
$544,861
Total Directors
4
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
NIKKI BETHEL CEO 50.00
Officer
$245,250 $0 $245,250
MICHAEL G BARHAM COO 50.00
Officer
$158,519 $0 $158,519
AYIA GOSPODINOVA VP BUSINESS 50.00
Officer
$141,092 $0 $141,092
ROBERT APTER TREASURER 2.00
Officer Director
$0 $0 $0
KATHERINE BARNETT CHAIRMAN 2.00
Officer Director
$0 $0 $0
NIIJA KUYKENDALL VICE CHAIRWO 2.00
Officer Director
$0 $0 $0
CHRISTOPHER LAMMERS SECRETARY 2.00
Officer 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 $2,009,092 $2,117,874 $3,744,249 $-108,782
2022 $2,056,480 $2,183,145 $3,660,149 $-126,665
2021 $2,159,718 $1,689,283 $4,224,729 $470,435
2020 $1,501,821 $1,539,642 $3,696,428 $-37,821
2019 $2,087,299 $2,085,187 $3,498,989 $2,112
2018 $2,440,690 $2,144,492 $3,269,841 $296,198
Explore More Nonprofits
Top 100 Nonprofits in New York Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC with other nonprofits in New York and across the country.