Foundation For Independent Media Arts
- Assets
- $173.3k
- Revenue
- $116.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Houston, TX
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-0740458
Organization Overview
Foundation For Independent Media Arts is located in Houston, TX. The organization was established in 2017. According to its NTEE Classification (A03) the organization is classified as: Professional Societies & Associations, 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. Foundation For Independent Media Arts 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, Foundation For Independent Media Arts generated $116.7k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 49.7% each year . All expenses for the organization totaled $46.0k during the year ending 12/2021. While expenses have increased by 23.2% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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 ORGANIZATION EXISTS TO PROMOTE THE CREATION AND PRESERVATION OF INDEPENDENT EXPRESSION INCLUDING FILM, VIDEO AND OTHER FORMS OF MEDIA, OFFERING ENGAGING OPPORTUNITIES, SUPPLORT, AND EDUCATIONAL EXPERIENCES TO ENRICH AND EXPAND THE ARTISTIC LIFE OF CREATORS AND AUDIENCES. FIMA HAS BEEN ORGANIZED TO OPERATE FOR CHARITABLE AND EDUCATIONAL PURPOSES, INCLUDING BUT NOT LIMITED TO : CONDUCTION EDUCATIONAL, CULTULRAL, AND RESEARCH PROGRAMS : OPERATING A CENTER FOR THE MEDIA ARTS AND : ENGAGING IN ALL ACTIVITIES THAT WILL FURTHER AND ARE CONSISTANT WITH THE MISSION, SUCH AS PUBLIC MEDIA AND PERFORMANCES, PRESENTATIONS AND EXHIBITIONS, PANEL DISCUSSIONS, MEDIA PRODUCTION, PUBLISHING, EDUCATION, AND PUBLIC RELATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE FINANCIAL AND IN-KIND SUPPORT , SPONSORSHIP AND HEIGHTENED PUBLIC ACCESSIBILITY FOR A VARIETY OF MEDIA ARTS ENDEAVORS, INCLUDING BUT NOT LIMITED TO PUBLIC MEDIA
PROVIDE CONTRIBUTIONS TO MUSEUMS RELATED TO PUBLICE SCREENING OF INDEPENDENT FILMS INCLUDING ONE ORIGINAL NARRATIVE FILM AND ONE HISTORICAL DOCUMENTARIES. ALSO, TO PROVIDED SCHOLARSHIPS FOR EDUCATIONAL PROGRAMING.
PROVIDE SCHOLARSHIPS TO WOMEN IN FILM & TELEVISION PROGRAMING. ALSO FINANCIAL SUPPORT FOR CINEMA AND MOTION PICTURE ARTISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard D Walker President | OfficerTrustee | $0 | |
Maureen Herzog Vice Preside | Officer | $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 | $114,825 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,825 |
| Total Program Service Revenue | $0 |
| 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 | $1,847 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $116,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,549 |
| Grants and other assistance to domestic individuals. | $1,150 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| 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 | $15,453 |
| Advertising and promotion | $144 |
| Office expenses | $3,166 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $986 |
| 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 | $0 |
| Insurance | $537 |
| All other expenses | $0 |
| Total functional expenses | $45,985 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $173,304 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $173,304 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $173,304 |
| Total liabilities and net assets/fund balances | $173,304 |