Midpeninsula Community Media Center Inc
- Assets
- $4.9m
- Revenue
- $667.5k
- Investments
- $0.0
- Employees
- 23
- Location
- Palo Alto, CA
- Founding
- 07/2002
- Data as of
- 12/2023
- EIN
- 77-0095021
Organization Overview
Midpeninsula Community Media Center Inc is located in Palo Alto, CA. The organization was established in 2002. According to its NTEE Classification (W50) the organization is classified as: Telecommunications, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2023, Midpeninsula Community Media Center Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Midpeninsula Community Media Center 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 12/2023, Midpeninsula Community Media Center Inc generated $667.5k 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 (9.8%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.5%) 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE ACCESS TO AND SERVE AS A REPOSITORY FOR CITY AND COUNTY GOVERNMENT PROCEEDINGS, USE AND TRAIN ON THE USE OF VARIOUS MEDIA, INCLUDING TELEVISION AND THE INTERNET, TO ENABLE LOCAL COMMUNITY MEMBERS TO SPEAK AND ACT ON BEHALF OF THEIR COMMUNITIES AS WELL AS CREATE AND DISTRIBUTE PROGRAMS THAT PROMOTE, EDUCATE AND CELEBRATE INDIVIDUAL EXPRESSION, LOCAL ACHIEVEMENTS, EDUCATION, CULTURAL EXCHANGE, ARTS APPRECIATION AND CIVIC ENGAGEMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTER THE PUBLIC ACCESS CHANNELS ON THE CABLE TV SYSTEM AVAILABLE TO 32,314 HOMES IN 5 CITIES. THE MEDIA CENTER DOES OUTREACH, PROVIDES TRAINING AND EQUIPMENT,SCHEDULES, PUBLICIZES, CABLECASTS AND/OR WEBCASTS PROGRAMMING PRODUCED BYCOMMUNITY MEMBERS AND STAFF ON CHANNELS 27,28, AND 30. THE MEDIA CENTER ALSO ADMINISTERS THE GOVERNMENT ACCESS CHANNELS 26 & 29.
PRODUCTION/MEDIA SERVICES ENABLE COMMUNITY MEMBERS, ORGANIZATIONS, AND GOVERNMENT AGENCIES TO REACH THE PUBLIC WITH THEIR MESSAGE. FREE OR LOW COST COVERAGE OF LOCAL ARTS AND EVENTS INCLUDING ELECTION RELATED FORUMS AND HIGH SCHOOL SPORTS WERE ALSO PROVIDED.
THE MEDIA CENTER HOSTS A VARIETY OF OPPORTUNITIES FOR YOUTH TO GAIN HANDS-ON VIDEO PRODUCTION EXPERIENCE IN A PROFESSIONAL SETTING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gayathri Kanth Board Member | Trustee | 1 | $65,000 |
Tilak Kasturi President | OfficerTrustee | 1 | $0 |
Tom Dubois Board Member | Trustee | 1 | $0 |
Peter Burns Secretary | OfficerTrustee | 1 | $0 |
Ruta Puranik Treasurer | OfficerTrustee | 1 | $0 |
Rebecca Sanders Board Member | Trustee | 1 | $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 | $262,486 |
| Noncash contributions included in lines 1a–1f | $252,400 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $262,486 |
| Total Program Service Revenue | $283,404 |
| Investment income | $95,980 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $34,200 |
| 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 | $667,461 |
| 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. | $64,999 |
| Compensation of current officers, directors, key employees. | $8,994 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $422,668 |
| Pension plan accruals and contributions | $894 |
| Other employee benefits | $14,118 |
| Payroll taxes | $39,940 |
| Fees for services: Management | $29,347 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $86,176 |
| Advertising and promotion | $9,106 |
| Office expenses | $2,264 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $99,541 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,491 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $165,241 |
| Insurance | $24,933 |
| All other expenses | $3,274 |
| Total functional expenses | $1,251,662 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $693 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,130 |
| 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 | $13,632 |
| Net Land, buildings, and equipment | $1,591,326 |
| Investments—publicly traded securities | $3,209,839 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $174 |
| Total assets | $4,874,794 |
| Accounts payable and accrued expenses | $14,053 |
| Grants payable | $40,735 |
| Deferred revenue | $1,608 |
| 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 | $2,850 |
| Total liabilities | $59,246 |
| Net assets without donor restrictions | $4,311,164 |
| Net assets with donor restrictions | $504,384 |
| 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 | $4,874,794 |