Free Spirit Media Nfp
- Assets
- $849.1k
- Revenue
- $950.0k
- Investments
- $0.0
- Employees
- 66
- Location
- Chicago, IL
- Founding
- 07/2002
- Data as of
- 06/2023
- EIN
- 36-4456215
Organization Overview
Free Spirit Media Nfp is located in Chicago, IL. The organization was established in 2002. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 06/2023, Free Spirit Media Nfp employed 66 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Free Spirit Media Nfp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Free Spirit Media Nfp generated $950.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.9%) each year. All expenses for the organization totaled $864.5k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (16.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FREE SPIRIT MEDIA TRANSFORMS MEDIA AND SOCIETY BY PROVIDING OPPORTUNITIES FOR EMERGING CREATORS, PRIMARILY FROM COMMUNITIES OF COLOR, TO PRODUCE AND DISTRIBUTE ORIGINAL CONTENT AND TO PURSUE ARTISTIC, PERSONAL AND PROFESSIONAL ASPIRATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CREATIVE PATHWAYS - WORKFORCE DEVELOPMENT PROGRAM FOR 18-TO-25 YEAR-OLDS. IT OFFERS 240 PROGRAM HOURS EACH YEAR, INCLUDING ADVANCED MEDIA MAKING SEMINARS, INDUSTRY WORKSHOPS SPECIFIC TO FILM, TV, AND ONLINE MEDIA, AN APPRENTICESHIP CULMINATING IN COMPLETION/PREMIERE OF A YOUTH-DIRECTED FILM, CAREER MENTORING, JOB SHADOWING, AND AN ADVANCED PRODUCTION COHORT THAT EXECUTES CONTRACTS FOR PROFESSIONAL WORK.
TEEN MEDIA - ENGAGES YOUTH 14-18 IN DEVELOPMENT OF CORE VISUAL STORYTELLING PROFICIENCIES. PROGRAMS ARE SCAFFOLDED AND INCLUDE INSTRUCTION IN STORYTELLING, SCRIPTING, EDITING, CAMERAWORK, AUDIO ENGINEERING, PERFORMANCE, INDUSTRY VOCABULARY, AND CRITICAL MEDIA LITERACY.
PLACE-BASED PROGRAMS - ALL FSM MEDIAMAKERS PARTICIPATE IN INTERGENERATIONALLY-LEDCOMMUNITY WORKSHOPS SUCH AS PUBLIC SCREENINGS/DISCUSSIONS, COMMUNITY DINNERS ANDCOLLABORATIVE ART MAKING EVENTS THAT ALLOW FOR CONNECTION OF INDIVIDUAL PRACTICE TO LARGER COMMUNITY POWER-BUILDING EFFORTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aurora Toshiko King Executive Dir. | Officer | 40 | $106,083 |
Melissa Thornley President | OfficerTrustee | 1 | $0 |
Qadree Holmes Vice President | OfficerTrustee | 1 | $0 |
Natasha Walker Vice President | OfficerTrustee | 1 | $0 |
Eric Schnabel Secretary | OfficerTrustee | 1 | $0 |
Meg Manda Hayes Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $319,900 |
| All other contributions, gifts, grants, and similar amounts not included above | $499,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $819,486 |
| Total Program Service Revenue | $128,494 |
| Investment income | $1,962 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $949,950 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $106,083 |
| Compensation of current officers, directors, key employees. | $4,243 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $258,583 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $58,419 |
| Payroll taxes | $40,801 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $97,947 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $84,311 |
| Advertising and promotion | $468 |
| Office expenses | $0 |
| Information technology | $5,538 |
| Royalties | $0 |
| Occupancy | $68,754 |
| Travel | $13,123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,074 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,225 |
| Insurance | $20,576 |
| All other expenses | $7,437 |
| Total functional expenses | $864,476 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,653 |
| Savings and temporary cash investments | $22,669 |
| Pledges and grants receivable | $451,900 |
| Accounts receivable, net | $12,137 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $13,920 |
| Net Land, buildings, and equipment | $17,201 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $161,603 |
| Total assets | $849,083 |
| Accounts payable and accrued expenses | $60,875 |
| Grants payable | $0 |
| Deferred revenue | $5,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $65,875 |
| Net assets without donor restrictions | $618,208 |
| Net assets with donor restrictions | $165,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $849,083 |