Middle East Broadcasting Networks Inc
- Assets
- $45.1m
- Revenue
- $127.3m
- Investments
- $0.0
- Employees
- 529
- Location
- Springfield, VA
- Founding
- 09/2004
- Data as of
- 09/2023
- EIN
- 42-1591205
Organization Overview
Middle East Broadcasting Networks Inc is located in Springfield, VA. The organization was established in 2004. According to its NTEE Classification (Q20) the organization is classified as: Promotion of International Understanding, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 09/2023, Middle East Broadcasting Networks Inc employed 529 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Middle East Broadcasting Networks Inc 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 09/2023, Middle East Broadcasting Networks Inc generated $127.3m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.4% each year. All expenses for the organization totaled $130.0m during the year ending 09/2023. While expenses have increased by 2.7% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
THE MIDDLE EAST BROADCASTING NETWORKS, INC. (MBN) IS A MULTI-MEDIA COMPANY, GENEROUSLY FUNDED BY THE U.S. CONGRESS AND AMERICAN TAXPAYERS. IT IS HEADQUARTERED IN SPRINGFIELD, VIRGINIA, WITH BUREAUS STRETCHING ACROSS THE MIDDLE EAST AND NORTH AFRICA REGION. IN A RESPONSIBLE, RELIABLE, ACCURATE AND HONEST MANNER, MBN SHEDS LIGHT ON U.S. POLITICS, SOCIETY, AND THE AMERICAN EXPERIENCE AT LARGE. IN ADDITION, MBN PROVIDES ITS AUDIENCE WITH MISSION ALIGNED STORIES FROM THE REGION THAT OTHERS SHY AWAY FROM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MBN IS AN ARABIC-LANGUAGE MULTIMEDIA ORGANIZATION THAT REACHES 34.1 MILLION PEOPLE IN THE MIDDLE EAST AND NORTH AFRICA (MENA) WEEKLY. REPORTERS WITHOUT BORDERS' 2023 REPORT REVEALED THAT PRESS FREEDOM IN MIDDLE EASTERN COUNTRIES WENT FROM BAD TO WORSE. PRESS FREEDOM AND JOURNALIST SAFETY REMAINED "VERY BAD" IN MOST OF THE NATIONS THAT MBN TARGETS.MBN IS MORE THAN JUST TWO 24/7 TELEVISION NETWORKS (ALHURRA AND ALHURRA-IRAQ), FIVE DIGITAL PLATFORMS (ALHURRA.COM, IRFAASAWTAK.COM, ELSAHA.COM, MAGHREBVOICES.COM AND RADIOSAWA.COM) AND A VARIETY OF PODCASTS. IT'S A TEAM OF JOURNALISTS ACROSS THE REGION, DEDICATED TO PRODUCING STORIES ON UNIVERSAL FREEDOM AND HUMAN RIGHTS THAT OFTEN GO UNREPORTED IN THE INDIGENOUS ARABIC PRESS. BY BRINGING THESE STORIES TO THE FOREFRONT, MBN UNDERSCORES ITS COMMITMENT TO TOLERANCE, THE RULE OF LAW, INCLUSION AND SOCIAL JUSTICE.AMIDST THE INFLUENCE OF LOCAL, PAN-ARAB, AND FOREIGN-OWNED ARABIC MEDIA OUTLETS IN THE REGION, WHICH ARE OFTEN SWAYED BY THE ECONOMIC, POLITICAL, AND RELIGIOUS INTERESTS OF THEIR FUNDERS, MBN STANDS AS A BEACON OF RELIABILITY. AUDIENCES CAN TRUST MBN TO DELIVER ACCURATE AND OBJECTIVE NEWS ABOUT THEIR COUNTRY, THE REGION, AND THE WORLD. THIS TRUST IS PARTICULARLY CRUCIAL AS THE REGION BECOMES MORE POLARIZED. IN ADDITION TO NEWS, MBN OFFERS IN-DEPTH DISCUSSIONS, INVESTIGATIVE REPORTS, AND THOUGHT-PROVOKING DOCUMENTARIES ABOUT ISSUES IN AND ABOUT THE REGION, FURTHER SOLIDIFYING ITS ROLE AS A TRUSTED SOURCE OF INFORMATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James O'shea Chair | OfficerTrustee | 1 | $0 |
Amb Ryan Crocker Director | Trustee | 1 | $0 |
Michael Kempner Director | Trustee | 1 | $0 |
Timothy Mcnulty Director | Trustee | 1 | $0 |
Amb Susan Ziadeh Director | Trustee | 1 | $0 |
Anne Noble General Counsel/secretary | Officer | 40 | $175,052 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Thomas Castro Accounting | 9/29/23 | $563,288 |
Crowell & Moring Llp Legal | 9/29/23 | $443,718 |
Human Circuit Computer Software Maintenance | 9/29/23 | $161,238 |
Marcum Llp Accounting | 9/29/23 | $114,266 |
Chris Mendes Network Operations | 9/29/23 | $100,694 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,192,684 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $127,192,684 |
| Total Program Service Revenue | $0 |
| Investment income | $87,636 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,629 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $127,303,540 |
| 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. | $1,506,657 |
| Compensation of current officers, directors, key employees. | $90,399 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $59,548,557 |
| Pension plan accruals and contributions | $1,934,588 |
| Other employee benefits | $9,913,052 |
| Payroll taxes | $3,807,558 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $688,252 |
| Fees for services: Accounting | $628,985 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,260,281 |
| Advertising and promotion | $28,333 |
| Office expenses | $2,169,510 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,275,988 |
| Travel | $3,094,860 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $806,411 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,731,630 |
| Insurance | $323,427 |
| All other expenses | $1,675,588 |
| Total functional expenses | $130,045,693 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $281,938 |
| Savings and temporary cash investments | $10,538,586 |
| Pledges and grants receivable | $110,857 |
| Accounts receivable, net | $0 |
| 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 | $1,342,561 |
| Net Land, buildings, and equipment | $19,746,097 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $5,000 |
| Other assets | $13,035,723 |
| Total assets | $45,060,762 |
| Accounts payable and accrued expenses | $18,011,148 |
| Grants payable | $0 |
| Deferred revenue | $17,394,276 |
| 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 | $13,723,271 |
| Total liabilities | $49,128,695 |
| Net assets without donor restrictions | -$4,067,933 |
| Net assets with donor restrictions | $0 |
| 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 | $45,060,762 |