Current Media Inc
- Assets
- $119.5k
- Revenue
- $256.7k
- Investments
- $0.0
- Employees
- 1
- Location
- Lafayette, LA
- Founding
- Data as of
- 12/2021
- EIN
- 82-2971272
Organization Overview
Current Media Inc is located in Lafayette, LA. 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. Current Media 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 12/2021, Current Media Inc generated $256.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 68.0% each year . All expenses for the organization totaled $159.1k during the year ending 12/2021. While expenses have increased by 33.2% per year over the past 2 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 CURRENT MEDIA WAS CREATED BY EXPERIENCED JOURNALISTS TO ADDRESS A SHORTFALL OF IN-DEPTH, THOUGHTFUL JOURNALISM IN THIS AREA. FURTHER, LAFAYETTE AND THE BROADER ACADIANA REGION LACK LOCAL OWNERSHIP AMONG ITS MEDIA ORGANIZATIONS. VIRTUALLY ALL OF THE PUBLISHERS AND UNDERCURRENT AWARDS HONOR 'WAVEMAKERS' WHO HELP MOVE THE LAFAYETTE COMMUNITY FORWARD AND DEMONSTRATE SELFLESSNESS, CREATIVITY AND A VISION FOR A BETTER LAFAYETTE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLISHING HIGH QUALITY, IN DEPTH JOURNALISM ONLINE AND VIA EMAIL
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Christiaan Mader Director | OfficerTrustee | 40 | $47,625 |
Deiadra Garrett Director | Trustee | 0 | $0 |
Andre Alfred Chairman | Trustee | 0 | $0 |
David Begnaud Director | Trustee | 0 | $0 |
Carlee Alm-Labar Director | Trustee | 0 | $0 |
Angie Holan Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,727 |
| All other contributions, gifts, grants, and similar amounts not included above | $238,665 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $241,392 |
| Total Program Service Revenue | $15,325 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $256,717 |
| 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. | $39,875 |
| Compensation of current officers, directors, key employees. | $29,906 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $3,050 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $700 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,663 |
| Office expenses | $6,295 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,566 |
| All other expenses | $3,638 |
| Total functional expenses | $159,067 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $119,540 |
| 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 | $119,540 |
| Accounts payable and accrued expenses | $2,512 |
| 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 | $8,900 |
| Total liabilities | $11,412 |
| 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 | $108,128 |
| Total liabilities and net assets/fund balances | $119,540 |