The 74 Media Inc
- Assets
- $3.2m
- Revenue
- $4.5m
- Investments
- $0.0
- Employees
- 19
- Location
- New York, NY
- Founding
- 03/2015
- Data as of
- 12/2022
- 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 12/2022, 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 12/2022, 74 Media Inc generated $4.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.7% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 1.9% 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
2022
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 INVESTED CONSIDERABLE JOURNALISTIC EFFORT IN 2022 INTO REPORTING ON A BROAD CONSTELLATION OF ISSUES RELATED TO SCHOOL SECURITY, FROM ARMED OFFICERS PATROLLING SCHOOLS, TO THE HORRIFIC WAVE OF SCHOOL SHOOTINGS, TO THE WAYS IN WHICH SCHOOLS USED ONLINE SURVEILLANCE TECHNOLOGY TO MONITOR THE ACTIVITIES OF STUDENTS. MUCH OF THIS WORK FOCUSED ON A SURVEILLANCE COMPANY THAT SOME SCHOOL DISTRICTS, NOTABLY MINNEAPOLIS, HAD ENLISTED TO MONITOR STUDENTS' ONLINE ACTIVITIES WHEN CLASSES WENT REMOTE DURING THE PANDEMIC. THE SUCCESS OF THE 74'S REPORTING ABOUT STUDENT SAFETY AND PRIVACY PROMPTED THE NEWS EDITORS TO LAUNCH A TWICE-A-MONTH NEWSLETTER DEVOTED TO THE TOPIC, ENTITLED "SCHOOL (IN) SECURITY."
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.
IN PARTNERSHIP WITH THE ASPEN INSTITUTE, THE 74 PRESENTED AN UPLIFTING SERIES OF ARTICLES AND VIDEOS THAT HIGHLIGHTED AND CELEBRATED THE WORK OF A DOZEN EDUCATORS, MENTORS AND LOCAL LEADERS, WHOSE WORK WITH STUDENTS FORMED A CRITICAL PART OF THE SOCIAL GLUE THAT UNITED THEIR COMMUNITIES. THE PROJECT, ENTITLED "WEAVING A STRONGER SOCIETY," INVOLVED ALMOST EVERY REPORTER AT THE 74 AND LED TO TWO FIRST-PLACE AWARDS IN NATIONAL JOURNALISM COMPETITION.
2022 ALSO SAW THE LAUNCH OF THE 74'S FIRST "16 UNDER 16" PROJECT, IN WHICH OUR EDITORS CONDUCTED A NATIONWIDE SEARCH FOR THE MOST ACCOMPLISHED AND PROMISING STUDENTS IN STEM FIELDS. WORKING WITH A PANEL OF OUTSIDE JUDGES TO EVALUATE AND WINNOW THE FIELD OF NOMINEES, THE 74'S EDITORIAL TEAM PRODUCED PROFILES OF EACH OF THE OUTSTANDING STUDENTS AND IN SEVERAL CASES IN-DEPTH VIDEO INTERVIEWS. THEIR STORIES AND ACHIEVEMENTS WERE BREATHTAKING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Romy A Drucker President | OfficerTrustee | 0.15 | $0 |
Campbell Brown Director | Trustee | 0.15 | $0 |
Andy Rotherham Director | Trustee | 0.15 | $0 |
Kevin Shafer Treasurer & Secretary | OfficerTrustee | 0.15 | $0 |
Steven Snyder Editorial Director | Officer | 40 | $231,089 |
James Roberts Publisher & Chief Strategy Officer | Officer | 40 | $240,000 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Michael Antonucci Editorial Production | 12/30/22 | $110,400 |
James Fields Video Production | 12/30/22 | $118,815 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $307,543 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,159,344 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,466,887 |
| Total Program Service Revenue | $46,886 |
| Investment income | $0 |
| 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 | $4,513,773 |
| 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. | $530,306 |
| Compensation of current officers, directors, key employees. | $58,334 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,552,812 |
| Pension plan accruals and contributions | $43,170 |
| Other employee benefits | $240,778 |
| Payroll taxes | $151,699 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $23,176 |
| Fees for services: Accounting | $99,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $132,809 |
| Advertising and promotion | $0 |
| Office expenses | $5,222 |
| Information technology | $150,776 |
| Royalties | $0 |
| Occupancy | $129,770 |
| Travel | $70,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,100 |
| Insurance | $23,201 |
| All other expenses | $1,042 |
| Total functional expenses | $3,668,041 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,241,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $983,040 |
| 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 | $4,098 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $18,450 |
| Total assets | $3,246,749 |
| Accounts payable and accrued expenses | $9,880 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $9,880 |
| Net assets without donor restrictions | $636,919 |
| Net assets with donor restrictions | $2,599,950 |
| 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 | $3,246,749 |