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
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Financial Vulnerability Assessment (Tuckman-Chang)

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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.

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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 $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
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Financial Health Indicators

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Liquidity & Cash Position

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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
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