New Media Centers
- Assets
- $169.3k
- Revenue
- $33.5k
- Investments
- $0.0
- Employees
- 10
- Location
- Austin, TX
- Founding
- 03/1995
- Data as of
- 12/2018
- EIN
- 94-3208855
Organization Overview
New Media Centers is located in Austin, TX. The organization was established in 1995. According to its NTEE Classification (B99) the organization is classified as: Education N.E.C., under the broad grouping of Education and related organizations. As of 12/2015, New Media Centers employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. New Media Centers 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 12/2018, New Media Centers generated $33.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (62.9%) each year. All expenses for the organization totaled $326.6k during the year ending 12/2018. 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
2018
Describe the Organization's Mission:
Part 3 - Line 1
NMC IS AN INTERNATIONAL NOT-FOR-PROFIT CONSORTIUM OF LEARNING-FOCUSED ORGANIZATIONS DEDICATED TO THE EXPLORATION AND USE OF NEW MEDIA AND NEW TECHNOLOGIES FOR LEARNING, RESEARCH, AND CREATIVE INQUIRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EXPENDITURES RELATED TO ONGOING PROJECTS OF NMC INCLUDING THE HORIZON PROJECT (MONITORING EMERGING TECHNOLOGIES FOR HIGHER EDUCATION), AND GRANT PROJECTS RELATED TO DIGITAL MEDIA AND TOOLS.
MEMBERSHIP AND GOVERNANCE - MEMBERSHIP SERVICES PROVIDED INCLUDE A VARIETY OF LISTSERVS TO PROVIDE RESOURCES AND INTERACTION FOR MEMBERS, MEMBER SURVEYS, PROJECT ASSISTANCE, AND GRANT CONSULTATION SERVICES.
SUMMER, ONLINE AND OTHER CONFERENCES - THE CONFERENCES ADDRESS THE PEDAGOGICAL, LEGAL AND TECHNOLOGICAL ISSUES THAT ACCOMPANY EMERGING TECHNOLOGIES AND ARE THE ORGANIZATION'S MAJOR MEANS FOR PROMOTING AN EXCHANGE OF INFORMATION AMONG PARTICIPATING SCHOOLS AND COMPANIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Johnson Chief Executive Officer | OfficerTrustee | 40 | $276,744 |
Gordon Jackson Senior Director, Technology | 40 | $142,934 | |
Michael Berman Vice Chair | OfficerTrustee | 1 | $0 |
Liz Neely Secretary/treasurer | OfficerTrustee | 1 | $0 |
Don Henderson Chair | OfficerTrustee | 1 | $0 |
Joe Lambert Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $294 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $32,571 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $33,478 |
| Statement of Expenses | |
|---|---|
| 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. | $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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $5,062 |
| 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 | $0 |
| All other expenses | $1,757 |
| Total functional expenses | $326,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,285 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $169,285 |
| Accounts payable and accrued expenses | $59,735 |
| Grants payable | $0 |
| Deferred revenue | $312,078 |
| 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 | $182,000 |
| Total liabilities | $553,813 |
| Net assets without donor restrictions | -$384,528 |
| 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 |
| Total liabilities and net assets/fund balances | -$384,528 |
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|---|---|---|
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