The 74 Media Inc
- Assets
- $2.8m
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2021
- EIN
- 47-2788684
Organization Overview
The 74 Media Inc is located in New York, NY. The organization was established in 2015. According to its NTEE Classification (A33) the organization is classified as: Printing & Publishing, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 74 Media Inc employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 74 Media 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 12/2021, 74 Media Inc generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE 74 IS A NON-PROFIT NEWS SITE COVERING EDUCATION IN AMERICA.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE 74 DEVOTED THE RESOURCES OF ITS TOP REPORTERS AND ITS VIDEO TEAM TO PRODUCING A MULTIPART SERIES THAT EXAMINED THE UNUSUAL WAY IN WHICH THE PANDEMIC-CAUSED ECONOMIC RECESSION -- AND ITS SO-CALLED K-SHAPED RECOVERY -- WAS LEADING TO EVEN GREATER DISPARITIES IN EDUCATIONAL PROGRESS AMONG CHILDREN IN POORER FAMILIES THAN KIDS FROM WEALTHIER FAMILIES. THIS PROJECT EXAMINED SCHOOL DISTRICTS IN 5 U.S.CITIES, RENO NV, AUSTIN TX, WILMINGTON DE, WASHINGTON DC AND COLORADO SPRINGS CO.
THE 74 TEAMED UP WITH THE REINVENTING SCHOOLS PROJECT OF THE PROGRESSIVE POLICY INSTITUTE TO PRODUCE A SERIES OF ONLINE PANELS TO EXAMINE SOME OF THE MOST IMPORTANT THEMES IN K-12 EDUCATION, INCLUDING THE FUTURE OF CHARTER SCHOOLS, THE QUESTION OF WHETHER EDUCATION SHOULD BE CONSIDERED A CIVIL RIGHT, STEM EDUCATION, AND HOW TO CLOSE THE LITERACY GAPS. THESE PANELS INCLUDED MANY PROMINENT VOICES IN AMERICAN EDUCATION AND ONE OF THEM FEATURED AN INTRODUCTION BY FORMER PRESIDENT BILL CLINTON.
THROUGH MUCH OF 2021, THE 74 DEVOTED CONSIDERABLE COVERAGE TO THE MENTAL HEALTH CONSEQUENCES AMONG STUDENTS FROM THE COVID PANDEMIC. THE CENTERPIECE OF THIS EFFORT WAS A SERIES OF ARTICLES THAT FOCUSED ON THE UNIQUE CHALLENGES MANY STUDENTS FACED AFTER WHAT WAS THEN A YEAR OF SOCIAL AND EDUCATIONAL ISOLATION AND WHAT SCHOOLS ACROSS THE NATION WERE DOING TO TRY TO HELP THESE STUDENTS.
OTHER PROGRAM SERVICES - EXPANDED THE SEARCH AND IMPACT OF THE 74 THROUGH A POWERFUL MIX OF EDITORIAL, VIDEO, AUDIENCE DEVELOPMENT INITIATIVES, LIVE EVENTS AND MEDIA OPPORTUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven Snyder Editor-In-Chief | Officer | 40 | $246,289 |
James Roberts Publisher & Chief Strategy Officer | Officer | 40 | $230,000 |
Beverly Weintraub Executive Editor | 40 | $151,250 | |
Kathleen Moore O'connor Executive Editor | 40 | $137,935 | |
Emmeline Zhao Senior Writer | 40 | $120,000 | |
Laura Hawkins Senior Writer | 40 | $114,423 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Antonucci Editorial Production | 12/30/21 | $110,000 |
James Fields Video Production | 12/30/21 | $109,992 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,983,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,291,446 |
| Total Program Service Revenue | $49,758 |
| Investment income | $3,246 |
| 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 | $4,344,450 |
| 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. | $540,226 |
| Compensation of current officers, directors, key employees. | $59,425 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,234,294 |
| Pension plan accruals and contributions | $35,415 |
| Other employee benefits | $197,317 |
| Payroll taxes | $127,665 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $11,012 |
| Fees for services: Accounting | $98,066 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $82,302 |
| Advertising and promotion | $0 |
| Office expenses | $7,169 |
| Information technology | $69,904 |
| Royalties | $0 |
| Occupancy | $108,585 |
| Travel | $44,640 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $9,082 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,756 |
| Insurance | $28,199 |
| All other expenses | $435 |
| Total functional expenses | $3,195,309 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $665,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,146,875 |
| 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 | $0 |
| Net Land, buildings, and equipment | $7,982 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,450 |
| Total assets | $2,838,381 |
| Accounts payable and accrued expenses | $45,031 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $94,670 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $307,543 |
| Total liabilities | $447,244 |
| Net assets without donor restrictions | $37,762 |
| Net assets with donor restrictions | $2,353,375 |
| 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 | $2,838,381 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that The 74 Media Inc has recieved totaling $2,105,610.
| Awarding Organization | Amount |
|---|---|
Walton Family Foundation Inc Bentonville, AR PURPOSE: TO INCREASE AWARENESS OF THE PEOPLE, PROGRAMS AND POLICIES THAT ARE RESULTING IN INCREASED ECONOMIC AND SOCIAL MOBILITY FOR THE 74 MILLION SCHOOL-AGED CHILDREN ACROSS THE UNITED STATES. | $1,300,000 |
Bill & Melinda Gates Foundation Seattle, WA PURPOSE: K-12 EDUCATION | $349,995 |
City Fund Beaverton, OR PURPOSE: OPERATING SUPPORT | $300,000 |
Joyce Foundation Chicago, IL PURPOSE: EDUCATION & ECONOMIC MOBILITY | $100,000 |
The Mind Trust Inc Indianapolis, IN PURPOSE: SEE ATTACHED | $31,250 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Technology Review Inc Cambridge, MA | $6,822,000 | $19,424,000 |
Project Veritas Mamaroneck, NY | $11,883,753 | $22,034,786 |
Journal Of Bone And Joint Surgery Inc Needham, MA | $35,717,891 | $10,120,492 |
Machon Mashe Rockeach Inc Brooklyn, NY | $2,473,215 | $8,597,419 |
Harpers Magazine Foundation New York, NY | $1,648,663 | $7,386,851 |
Retro Report Inc Mystic, CT | $1,128,827 | $6,590,447 |
The New Press Inc New York, NY | $10,475,881 | $7,017,448 |
National Braille Press Inc Boston, MA | $10,542,006 | $5,176,920 |
Medical Letter Inc New Rochelle, NY | $4,157,236 | $5,090,906 |
University Of Pennsylvania Press Incorporated Philadelphia, PA | $1,805,477 | $4,286,513 |
Harvard Magazine Incorporated Cambridge, MA | $2,271,377 | $3,610,627 |
American Booksellers Assoc Inc White Plains, NY | $43,213,298 | $1,963,902 |