Multicultural Media Telecom And Internet Council
- Assets
- $2.3m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 7
- Location
- Washington, DC
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 52-1880677
Organization Overview
Multicultural Media Telecom And Internet Council is located in Washington, DC. The organization was established in 1996. According to its NTEE Classification (R30) the organization is classified as: Intergroup & Race Relations, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Multicultural Media Telecom And Internet Council employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Multicultural Media Telecom And Internet Council 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, Multicultural Media Telecom And Internet Council generated $1.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. 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 COUNCIL IS DEDICATED TO PROMOTING AND PRESERVING EQUAL OPPORTUNITY AND CIVIL RIGHTS IN THE MASS MEDIA, TELE- COMMUNICATIONS & BROADBAND INDUSTRIES AND CLOSING THE DIGITAL DIVIDE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MMTC ADVOCATES BEFORE THE FEDERAL COMMUNICATIONS COMMISSION AND OTHER FEDERAL AGENCIES TO PROMOTE DIVERSITY IN ECONOMIC, COMMUNICATIONS AND WORKFORCE POLICIES.
MMTC CONVENES CONFERENCES AND SUMMITS TO EDUCATE AND TRAIN SOCIAL JUSTICE ADVOCATES IN ORDER TO ADVANCE DIVERSITY IN THE MEDIA, TELECOMMUNICATION INDUSTRIES AND TECHNOLOGY.
MMTC FACILITATES TRANSACTIONS TO INCREASE OWNERSHIP OPPORTUNITIES FOR MINORITIES AND WOMEN IN THE REGULATED COMMUNICATIONS INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Fallon Wilson VP Policy | 40 | $150,000 | |
Maurtia Coley Former President And CEO | 0 | $146,524 | |
Robert Branson President | OfficerTrustee | 40 | $125,417 |
David E Honig President Emeritus - F/t | Officer | 0 | $110,000 |
Hon Henry M Rivera Chair Emeritus - P/t | OfficerTrustee | 0 | $0 |
Erwin Krasnow Vice Chair - P/t | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $292,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,223,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,515,355 |
| Total Program Service Revenue | $394,550 |
| Investment income | $35,933 |
| 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 | $1,945,838 |
| 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. | $235,417 |
| Compensation of current officers, directors, key employees. | $18,813 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $457,436 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $61,036 |
| Payroll taxes | $56,178 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $3,982 |
| Fees for services: Accounting | $128,978 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,114 |
| Office expenses | $28,837 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $51,584 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,426 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $12,736 |
| All other expenses | $50,193 |
| Total functional expenses | $1,243,142 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $873,048 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $373,450 |
| 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 | $1,033,944 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,300 |
| Other assets | $4,819 |
| Total assets | $2,287,561 |
| Accounts payable and accrued expenses | $11,761 |
| Grants payable | $0 |
| Deferred revenue | $350,000 |
| 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 | $372,588 |
| Total liabilities | $734,349 |
| Net assets without donor restrictions | $1,553,212 |
| 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 | $2,287,561 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Multicultural Media Telecom And Internet Council has recieved totaling $637,500.
| Awarding Organization | Amount |
|---|---|
Earle K & Katherine F Moore Foundation Tr New York, NY PURPOSE: GENERAL SUPPORT | $450,000 |
Ncta-The Internet & Television Association Washington, DC PURPOSE: MMTC 2021 GENERAL SUPPORT | $75,000 |
Ctia-The Wireless Association Washington, DC PURPOSE: GENERAL SUPPORT | $50,000 |
Motion Picture Association Inc Sherman Oaks, CA PURPOSE: General Support | $25,000 |
United States Telecom Association Washington, DC PURPOSE: PROGRAM SUPPORT | $25,000 |
National Association Of Broadcasters Washington, DC PURPOSE: GENERAL SUPPORT | $12,500 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Muslim Advocates Washington, DC | $6,110,743 | $7,073,164 |
Asian Pacific American Institute For Congressional Studies Inc Washington, DC | $3,821,059 | $4,036,872 |
Virginia Center For Inclusive Communities Richmond, VA | $3,535,381 | $1,928,048 |
Independence Now Inc Silver Spring, MD | $1,276,926 | $1,446,585 |
Multicultural Media Telecom And Internet Council Washington, DC | $2,287,561 | $1,945,838 |
Equity In The Center Inc Washington, DC | $3,690,631 | $3,392,501 |
Sikh American Legal Defense And Education Fund Inc Washington, DC | $637,651 | $929,516 |
A Philip Randolph Educational Fund Washington, DC | $386,460 | $524,505 |
White Awake Riverdale, MD | $122,659 | $279,992 |
Coming To The Table - Rva Richmond, VA | $168,874 | $0 |
Nasp Foundation Inc Washington, DC | $278,938 | $426,930 |
Hampton Roads Pride Norfolk, VA | $252,392 | $190,787 |