Legacy Media Institute
- Assets
- $29.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 54-1869002
Organization Overview
Legacy Media Institute is located in Richmond, VA. The organization was established in 2010. According to its NTEE Classification (A31) the organization is classified as: Film & Video, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy 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 12/2023, Legacy Media Institute generated $41.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.5% each year. All expenses for the organization totaled $19.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
A SUPPORT SYSTEM FOR DIVERSE, INDEPENDENT MINDED CREATIVE TALENT; AND AN AUTHORITATIVE SOUCE OF MARKET RESEARCH ON THE TASTES, INTERESTS, MEDIA USAGE, CONSUMER PATTERNS, AND DEMOGRAPHICS FOR A MULTI-CULTURAL AUDIENCE. IN ADDITION, THROUGH ITS LABS AND SEMINARS, THE INSTITUTE BRINGS EMERGING ARTISTS TOGETHER WITH ESTABLISHED INDUSTRY PROFESSIONALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daphne Reid Vp/treasurer | 1 | $0 | |
Iris Holliday Director | 1 | $0 | |
Tina Walls Director | 1 | $0 | |
Trevon Facey Director | 1 | $0 | |
Timothy L Reid President | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $7,981 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $32,216 |
| Other Revenue | $780 |
| Total Revenue | $40,977 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $5,350 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $13,906 |
| Total expenses | $19,256 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $29,620 |
| Other assets | $0 |
| Total assets | $29,620 |
| Total liabilities | $28,744 |
| Net assets or fund balances | $876 |