Media Institute
- Assets
- $122.4k
- Revenue
- $375.7k
- Investments
- $0.0
- Employees
- 2
- Location
- Vienna, VA
- Founding
- 04/1976
- Data as of
- 12/2022
- EIN
- 52-1061431
Organization Overview
Media Institute is located in Vienna, VA. The organization was established in 1976. 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, Media Institute employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Media Institute 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, Media Institute generated $375.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.8%) each year. All expenses for the organization totaled $458.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.3%) per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FOSTER FREEDOM OF SPEECH, A COMPETITIVE MEDIA AND COMMUNICATIONS INDUSTRY, AND EXCELLENCE IN JOURNALISM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FREE SPEECH AMERICA - AN INSTITUTE EVENT HELD EVERY FALL THAT PRESENTS TWO AWARDS TO DESERVING INDIVIDUALS. THE AMERICAN HORIZON AWARD RECOGNIZES LEADERSHIP IN PROMOTING THE VITALITY AND INDEPENDENCE OF AMERICAN MEDIA AND COMMUNICATIONS. THE FREEDOM OF SPEECH AWARD RECOGNIZES AND INDIVUDAL WHO HAS MADE IMPORTANT CONTRIBUTIONS TO THE ADVANCEMENT AND PROTECTION OF FREE SPEECH. ADDITIONALLY, THE INSTITUTE FACILITATES FREE SPEECH WEEK, A YEARLY EVENT TO RAISE PUBLIC AWARENESS OF THE IMPORTANCE OF FREE SPEECH IN OUR DEMOCRACY- AND TO CELEBRATE THAT FREEDOM. AS FREEDOM OF SPEECH IS A RIGHT ALL AMERICANS SHARE, THIS NON-PARTISAN, NON-IDEOLOGICAL EVENT IS INTENDED TO BE A UNIFYING CELEBRATION.
COMMUNICATIONS FORUM - A LUNCHEON PROGRAM HELD IN WASHINGTON, D.C. EIGHT TIMES PER YEAR. THE FORUM GIVES NEWSMAKERS FROM THE GOVERNMENT AND COMMUNICATIONS INDUSTRY AN OPPORTUNITY TO ADDRESS A SELECT AUDIENCE OF MEDIA AND CORPORATE EXECUTIVES AND JOURNALISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Grimaldi Director | Trustee | 2 | $0 |
Jessica Marventano Director | Trustee | 2 | $0 |
Will Johnson Treasurer | OfficerTrustee | 2 | $0 |
Ashley Messenger Director | Trustee | 2 | $0 |
Adonis Hoffman Director | Trustee | 2 | $0 |
Rebecca Hanson Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $19,741 |
| All other contributions, gifts, grants, and similar amounts not included above | $325,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $345,446 |
| Total Program Service Revenue | $30,295 |
| 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 | $375,741 |
| 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. | $171,892 |
| Compensation of current officers, directors, key employees. | $42,973 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $71,000 |
| Pension plan accruals and contributions | $7,100 |
| Other employee benefits | $5,816 |
| Payroll taxes | $16,773 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,581 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $26,000 |
| Advertising and promotion | $1,584 |
| Office expenses | $15,170 |
| Information technology | $10,996 |
| Royalties | $0 |
| Occupancy | $33,000 |
| Travel | $738 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $69,718 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $578 |
| Insurance | $7,025 |
| All other expenses | $0 |
| Total functional expenses | $457,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,787 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $22,500 |
| 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 | $267 |
| Net Land, buildings, and equipment | $2,162 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $52,659 |
| Total assets | $122,375 |
| Accounts payable and accrued expenses | $322 |
| 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 | $47,974 |
| Total liabilities | $48,296 |
| Net assets without donor restrictions | $74,079 |
| 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 | $122,375 |