Independent Thinking & New Media Foundation Corp
- Assets
- $106.7k
- Revenue
- -$4.5k
- Investments
- $34.5k
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/2001
- Data as of
- 12/2023
- EIN
- 13-4147350
Organization Overview
Independent Thinking & New Media Foundation Corp is located in New York, NY. The organization was established in 2001. According to its NTEE Classification (B80) the organization is classified as: Student Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent Thinking & New Media Foundation Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOSTER THE AWARENESS AND APPRECIATON OF ART, MUSIC, FILM AND OTHER ARTISTIC AND SCHOLARLY WORKS OF UNDERPRIVILEGED NEW ARTISTS AND SCHOLARS FROM VARIED ETHNIC BACKGROUNDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maggie Yao Pres, Director | 0 | $0 | |
Winston Yao Director, Treas | 0 | $0 | |
Lingqin Pan Director, Secy | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4 |
| Dividends & Interest | $76 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,602 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$4,522 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $11,283 |
| Total operating and administrative expenses | $11,283 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $11,283 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,624 |
| Savings and temporary cash investments | $54,321 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $16,200 |
| Other assets | $0 |
| Total assets | $106,673 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Independent Thinking & New Media Foundation Corp has awarded $3,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
FLUSING TOWN HALL PURPOSE: PROMOTE ART EXHIBITION OF 3 ARTISTS FROM SHANGHAI LIVING IN NY | $1,500 |
DAZHOU WANG PURPOSE: TO PROVIDE FUNDS FOR SHOWCASE OF ARTISTS WORKS | $1,000 |
LAWRENCE SHU-CHUN LIU PURPOSE: TO PROVIDE FUNDS FOR SHOWCASE OF ARTISTS WORKS | $1,000 |