365 Media Foundation Inc
- Assets
- $310.1k
- Revenue
- $648.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Madison, WI
- Founding
- 12/2015
- Data as of
- 12/2021
- EIN
- 47-4608248
Organization Overview
365 Media Foundation Inc is located in Madison, WI. The organization was established in 2015. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 365 Media Foundation 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, 365 Media Foundation Inc generated $648.0k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $555.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MADISON365 USES EXCELLENT JOURNALISM TO START CONVERSATIONS, FIND REAL AND LASTING SOLUTIONS, BUILD COMMUNITY, INVITE ACTION AND ENCOURAGE EMERGING LEADERS IN GREATER MADISON'S COMMUNITIES OF COLOR, AND TO FOSTER DIALOG BETWEEN MEMBERS OF DIVERSE COMMUNITIES.
Describe the Organization's Program Activity:
365 MEDIA FOUNDATION BEGAN MADISON365 ACADEMY, TRAINING YOUNG PEOPLE OF COLOR IN JOURNALISM AND PUBLISHING THEIR WORK. WE ALSO PRODUCED COMMUNITY FOCUSED CONTENT THAT REACHED MORE THAN 500,000 PEOPLE EACH MONTH.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Henry Sanders Jr CEO & Publisher | OfficerTrustee | 40 | $81,059 |
Jeff Mack Director | Trustee | 1 | $0 |
Ramon Ortiz Director | Trustee | 1 | $0 |
Todd Gade Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $1,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $276,792 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $277,792 |
| Total Program Service Revenue | $36,549 |
| 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 | $647,972 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,809 |
| 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. | $107,982 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $344,597 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $17,317 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $21,040 |
| Advertising and promotion | $29,955 |
| Office expenses | $19,883 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $500 |
| Travel | $674 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $500 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,920 |
| All other expenses | $0 |
| Total functional expenses | $555,086 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $310,083 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $310,083 |
| Accounts payable and accrued expenses | $18,048 |
| 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 | $18,048 |
| Net assets without donor restrictions | $292,035 |
| 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 | $310,083 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that 365 Media Foundation Inc has recieved totaling $183,500.
| Awarding Organization | Amount |
|---|---|
Joyce Foundation Chicago, IL PURPOSE: MISSION FUND | $100,000 |
Local Media Association Lake City, MI PURPOSE: STIPEND FOR READER REVENUE INITIATIVE PROJECTS | $50,000 |
The Miami Foundation Inc Miami, FL PURPOSE: PROGRAM SUPPORT | $22,000 |
Institute For Nonprofit News Beverly Hills, CA PURPOSE: INN DIRECT SUPPORT - FACEBOOK AD GRANT AND COVID-19 LESSONS | $6,500 |
Madison Gas & Electric Foundation Inc Madison, WI PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Action Center On Race And The Economy Institute Frankfort, IL | $6,240,718 | $6,121,871 |
The Refugee Education Center Grand Rapids, MI | $1,768,268 | $1,907,383 |
Comunidades Organizando El Poder Y La Accion Latina Copal Education Minneapolis, MN | $958,508 | $1,774,971 |
United African Organization Inc Chicago, IL | $265,558 | $825,010 |
Indian Child Welfare Law Center Minneapolis, MN | $195,282 | $827,060 |
Skin Of Color Society Foundation Chicago, IL | $646,112 | $904,378 |
365 Media Foundation Inc Madison, WI | $310,083 | $647,972 |
Chicago United For Equity Chicago, IL | $1,086,491 | $988,294 |
Charles Hamilton Houston Institute Inc Verona, WI | $57,847 | $372,368 |
Privilege Institute Inc Green Bay, WI | $1,242,703 | $600,051 |
The Leverage Network Inc Chicago, IL | $636,417 | $532,589 |
Life Is Work Maywood, IL | $0 | $301,765 |