Katharsis Media
- Assets
- $69.0k
- Revenue
- $302.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Albuquerque, NM
- Founding
- 05/2019
- Data as of
- 05/2024
- EIN
- 83-3749311
Organization Overview
Katharsis Media is located in Albuquerque, NM. The organization was established in 2019. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, 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. Katharsis Media 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 05/2024, Katharsis Media generated $302.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $258.0k during the year ending 05/2024. While expenses have increased by 44.9% 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
EXPANDED OUR INTERNSHIP PROGRAM TO INCLUDE UP TO 30 INTERNS IN A SINGLE SEMESTER, PROVIDING FILM SCHOOL EDUCATION TO 50 INDIVIDUAL INTERNS OVER THE COURSE OF THE YEAR. HAD RESOURCES AND EQUIPMENT TO PROMOTE EXPERIENCED INTERNS TO CREATE ORIGINAL PROGRAMMING, RESULTING IN ABOUT 10 SHOWS THAT HAVE ALL BEEN BROADCAST ON THE NEW MEXICO EDUCATION CHANNEL. SAME 100% AMOUNT OF STAFF HOURS AND PAYROLL ATTRIBUTABLE TO PROGRAM SERVICES. ALSO HOST ACTING WORKSHOPS IN OUR SPACE AND CONTRIBUTED TO FOUNDATION OF NEW MEXICO FILM EMERGENCY FUND FOR STRUGGLING ARTISTS IN BETWEEN JOBS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KICKSTARTED THE NEW MEXICO FILM EMERGENCY FUND AT THE NEW MEXICO FILM GALA ON DECEMBER 13, 2023, TO ASSIST FILMMAKERS WHO ARE BETWEEN PAYING JOBS WHO NEED HELP WITH THEIR EVERYDAY EXPENSES LIKE GROCERIES, CAR REPAIRS, MEDICAL CHECKUPS, AND MORE. RAISED $6942 IN THAT FIRST ROUND, OF WHICH WE HAVE DISTRIBUTED $4,545.38
OFFSET SEASON 6: PROVIDED A $1500 PRODUCTION GRANT, AS WELL AS 8 INTERNS FOR 100 MAN HOURS TOTAL, FOR THE PRODUCTION OF SEASON 6 OF OFFSET WEB SERIES, A VOLUNTEER RUN FILM PRODUCTION TELLING STORIES OF HOW FICTIONAL MOVIE CHARACTERS LIVE THEIR LIVES "OFF SET."
URBAN ENCHANTMENT TRUST FUND (UETF): A CITY OF ALBUQUERQUE SPONSORED GRANT THAT PROVIDES FUNDING TO A LARGE GROUP OF ARTISTS WITH A WIDE RANGE OF PERSONAL PROJECTS THAT WILL BE DISPLAYED AROUND THE CITY IN ALL ITS VARIOUS FORMS. KATHARSIS PERSONALLY IS SPONSORING 12 ARTISTS OVER THE NEXT 18 MONTHS, AND HAS BEEN GIFTED $70,000, $10,000 OF WHICH IS NET REVENUE FOR BEING A FISCAL SPONSOR OF THE PROGRAM, THE OTHER $60,000 TO BE DISTRIBUTED TO THE ARTISTS, $5,000, IN 3 PAYMENTS OF $2,000, $2,000, AND $1,000 RESPECTFULLY OVER THE COURSE OF THEIR PROJECT.
PROVIDE INTERN EDUCATION FOR 48 INTERNS FOR OVER 8,000 HOURS OVER THREE TERMS: SUMMER, FALL, AND SPRING.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Candice Neu Executive Director | Officer | 21.5 | $71,027 |
Kyle Vandeveld Treasurer Of The Board | Officer | 35 | $31,537 |
Candice Neu President Of The Board | Trustee | 0 | $0 |
Amanda Hoefler Secretary Of The Board | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $7,150 |
| Related organizations | $0 |
| Government grants | $102,155 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $109,305 |
| Total Program Service Revenue | $193,364 |
| 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 | $302,669 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $39,545 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $96,617 |
| Compensation of current officers, directors, key employees. | $96,617 |
| Compensation to disqualified persons | $21,150 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,688 |
| 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 | $0 |
| Advertising and promotion | $426 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $22,842 |
| Travel | $1,340 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,020 |
| Interest | $3,530 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,674 |
| All other expenses | $11,865 |
| Total functional expenses | $257,964 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $57,153 |
| 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 | $11,841 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $68,994 |
| Accounts payable and accrued expenses | $20,533 |
| Grants payable | $34,947 |
| 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 | $10,600 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $66,080 |
| 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 | $2,914 |
| Total liabilities and net assets/fund balances | $68,994 |