Independent Media Institute
- Assets
- $812.4k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 7
- Location
- New York, NY
- Founding
- 11/1983
- Data as of
- 12/2021
- EIN
- 52-1309876
Organization Overview
Independent Media Institute is located in New York, NY. The organization was established in 1983. 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, Independent Media Institute employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Independent 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 12/2021, Independent Media Institute generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMI AMPLIFIES THE REACH AND IMPACT OF THE WORK PRODUCED OUR PARTNER JOURNALISTS, PUBLIC INTELLECTUALS AND EDITORIAL TEAMS ON THE LEADING ISSUES OF OUR TIMES. THE GOAL IS TO EDUCATE, INSPIRE, COLLABORATE WITH MOVEMENTS AND VISIONARIES WHO ARE FIGHTING FOR SOCIAL CHANGE AND PREVENT THE WORST FROM HAPPENING.THE ORGANIZATION PROVIDES A RANGE OF SERVICES TO ITS PARTNERS: EDITING AND QUALITY CONTROL, VISUAL DESIGN AND ASSISTANCE WITH WEBSITE AND TECHNICAL DEVELOPMENT, PROJECT DESIGN AND FUNDRAISING DEVELOPMENT, SYNDICATION TO PARTNER PUBLICATIONS, AND MARKETING, PROMOTION, AND MEDIA BOOKINGS THROUGH ITS EXTENSIVE EMAIL AND SOCIAL MEDIA CHANNELS. IMI HISTORY:FOR MORE THAN THREE DECADES, THE INDEPENDENT MEDIA INSTITUTE HAS SERVED THE PUBLIC THROUGH THE CREATION AND DISTRIBUTION OF CONTENT ABOUT POLITICAL AND SOCIAL ISSUES. IT PRODUCED A RANGE OF REPORTS AND IN 1998, IMI FOUNDED ALTERNET, AN AWARD-WINNING NEWS WEBSITE THAT PUBLISHED ORIGINAL REPORTING BY INDEPENDENT INVESTIGATIVE JOURNALISTS, S
Describe the Organization's Program Activity:
Part 3 - Line 4a
IMI CONTINUES TO BUILD ITS AUDIENCE NETWORK THROUGH COLLABORATION WITH PARTNER PUBLICATIONS IN THE US, EXPAND ITS NETWORK OF CONTRIBUTING WRITERS, AND BUILD ITS EXPERT AUDIENCE EMAIL LISTS -- ALL OF WHICH FULFULL IMI'S PUBLIC EDUCATION MISSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jan Frel Executive Director | 40 | $150,000 | |
Heeten Kalan Chairman | OfficerTrustee | 2 | $0 |
Karin Curtis Treasurer | OfficerTrustee | 2 | $0 |
Buff Ross Secretary | OfficerTrustee | 2 | $0 |
Brian O Connor Board Member | Trustee | 2 | $0 |
Louise Hartman Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,366,168 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,366,168 |
| Total Program Service Revenue | $0 |
| Investment income | $74 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,000 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,587,041 |
| 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. | $150,000 |
| Compensation of current officers, directors, key employees. | $15,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $273,522 |
| Pension plan accruals and contributions | $11,494 |
| Other employee benefits | $41,623 |
| Payroll taxes | $34,106 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $779,380 |
| Advertising and promotion | $17,215 |
| Office expenses | $6,783 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $58,467 |
| Travel | $51,038 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,213 |
| Insurance | $25,262 |
| All other expenses | $20,148 |
| Total functional expenses | $1,697,166 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,152 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $73,272 |
| 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 | $30,923 |
| Net Land, buildings, and equipment | $6,269 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $19,734 |
| Total assets | $812,350 |
| Accounts payable and accrued expenses | $74,448 |
| 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 | $37,751 |
| Other liabilities | $1,239 |
| Total liabilities | $113,438 |
| Net assets without donor restrictions | $698,912 |
| 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 | $812,350 |
Grants Recieved
Over the last fiscal year, we have identified 9 grants that Independent Media Institute has recieved totaling $461,759.
| Awarding Organization | Amount |
|---|---|
Goldman Sachs Philanthropy Fund New York, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $210,000 |
Arthur Vining Davis Foundation Ponte Vedra Beach, FL PURPOSE: GENERAL OPERATING | $125,000 |
Ford Foundation New York, NY PURPOSE: CORE SUPPORT FOR THE ECONOMY FOR ALL PROJECT WHICH AIMS TO ADVANCE NARRATIVES THAT FOSTER A MORE JUST ECONOMY FOR WORKERS THROUGH ORIGINAL REPORTING AND EXPERT ANALYSIS | $50,000 |
Codepink Women For Peace Marina Del Rey, CA PURPOSE: SUPPORT LOCAL PEACE ECONOMY | $36,000 |
Kat Charitable Foundation Inc New York, NY PURPOSE: GENERAL FUND | $19,729 |
United Steelworkers Pittsburgh, PA PURPOSE: GENERAL SUPPORT | $10,000 |
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 |