FOUNDATION FOR INTELLIGENT MEDIA AND DESIGN

EIN: 830650821 501(c)(3) Religion

BIRMINGHAM, AL

Total Revenue
$550,154
Total Expenses
$406,682
Total Assets
$620,709
Net Assets
$620,709
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2018
Legal Domicile
AL
Principal Officer
DRAYTON COSBY
Phone
2054106822
Tax Period
2024-01-01 to 2024-12-31

FOUNDATION FOR INTELLIGENT MEDIA AND DESIGN, founded in 2018, is a small nonprofit in the Religion sector that reported $328K in total revenue in fiscal year 2022. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $137K, a strong 42% operating margin.

Mission

THE FOUNDATION FOR INTELLIGENT MEDIA AND DESIGN IS ORGANIZED AND WILL BE OPERATED PRIMARILY TO DEVELOP AND MARKET ELECTRONIC GAMING SOFTWARE BASED ON THE CHRISTIAN BIBLE THUS EDUCATING PARTICIPANTS ABOUT THE STORIES OF THE BIBLE THROUGH VISUAL, ENTERTAINING AND UPLIFTING PLATFORMS.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $548,895
Program Service Revenue $0
Investment Income $1,259
Other Revenue $0
TOTAL REVENUE $550,154

Expense Breakdown

Grants Paid $0
Salaries & Benefits $319,421
Fundraising Expenses $0
Program Expenses $398,124
Other Expenses $87,261
TOTAL EXPENSES $406,682

Year-over-Year Comparison

2024 2023 Change
Revenue $550,154 $392,122 +0.4%
Expenses $406,682 $340,726 +0.2%
Net Income $143,472 $51,396 +1.8%
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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Governance

Voting Members
6
Independent Members
6
Employees
4
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
4
$0
Total Directors
6
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DRAYTON COSBY CHAIRMAN 40.00
Officer Director
$0 $0 $0
JOHANNA COSBY TREASURER 5.00
Officer Director
$0 $0 $0
JOHN MOUNT BOARD MEMBER 1.00
Director
$0 $0 $0
BETH CUNNINGHAM VICE CHAIR 2.00
Officer Director
$0 $0 $0
MICAH SALSMAN SECRETARY 1.00
Officer Director
$0 $0 $0
LANCE SELF BOARD MEMBER 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 $550,154 $406,682 $620,709 $143,472
2023 $392,122 $340,726 $477,237 $51,396
2022 $328,191 $191,641 $425,841 $136,550
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