Nonprofit · EIN 13-4052259
MEDIA DEVELOPMENT INVESTMENT FUND INC
Tax-exempt · NEW YORK, NY 10011
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,728,288 | $13,882,026 | $846,262 | $53,784,766 | $19,495,459 | $34,289,307 |
| December 31, 2023 | 990 | $17,721,633 | $14,856,496 | $2,865,137 | $55,733,188 | $18,383,343 | $37,349,845 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $11,530,955
- Program service revenue
- $2,287,963
- Investment income
- $604,402
- Other revenue
- $304,968
Expenses
- Grants and similar amounts paid
- $3,148,995
- Compensation of officers, directors and key employees
- $1,253,692
- Other salaries and wages
- $4,059,737
- Salaries, compensation and benefits (total)
- $6,035,725
- Professional fundraising fees
- $0
- Legal fees
- $157,731
- Accounting fees
- $139,360
- Occupancy
- $248,992
- Travel
- $986,783
- Depreciation
- $14,807
- Program services (functional)
- $11,589,969
- Management and general (functional)
- $2,044,772
- Fundraising (functional)
- $247,285
Balance sheet and other
- Total assets, start of year
- $55,733,188
- Total assets, end of year
- $53,784,766
- Total liabilities, end of year
- $19,495,459
- Net assets, end of year
- $34,289,307
- Land, buildings and equipment
- $29,816
- Publicly traded securities
- $6,536,501
- Net assets without donor restrictions
- $28,883,838
- Net assets with donor restrictions
- $5,405,469
- Gross receipts
- $14,728,288
- Employees
- 10
- Volunteers
- 7
- Year formed
- 1995
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HARLAN MANDEL | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $319,448 | $92,547 |
| DAN MARGOSHES | CHIEF FINANCIAL OFFICER Officer | 40 | $246,419 | $37,501 |
| ELENA POPOVIC | SECRETARY/GENERAL COUNSEL Officer | 40 | $201,637 | $54,988 |
| PATRICE SCHNEIDER | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $215,296 | $0 |
| JOANNA ROZYCKA | CHIEF INVESTMENT OFFICER Key employee | 40 | $192,317 | $5,481 |
| MEREDITH MOLOUGHNEY | CHIEF OF STAFF Highest-paid employee | 40 | $131,893 | $49,919 |
| PREMESH CHANDRAN | SENIOR ADVISOR TO CEO (OUTGOING) Highest-paid employee | 40 | $176,000 | $0 |
| GRZEGORZ KOSSAKOWSKI | INVESTMENT DIRECTOR OF EUROPE Highest-paid employee | 40 | $160,074 | $0 |
| BILAL RANDEREE | PROGRAM DIRECTOR Highest-paid employee | 40 | $158,075 | $988 |
| MARIE NEMCOVA | CHIEF OPERATING OFFICER Officer | 40 | $103,354 | $0 |
| ADRIAAN STOOP | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE GICHERU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KERSTIN MOGULL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARC DA COSTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIA-TERESA RONDEROS | DIRECTOR Trustee or director | 2 | $0 | $0 |
2 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MICHAEL DEL NIN | DIRECTOR Trustee or director | 2 | $0 |
| SHEILA CORONEL | CHAIR Trustee or director, Officer | 2 | $0 |
990 for the year ended December 31, 2023: 18 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HARLAN MANDEL | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $311,033 | $89,641 |
| DAN MARGOSHES | CHIEF FINANCIAL OFFICER Officer | 40 | $236,366 | $35,851 |
| ELENA POPOVIC | SECRETARY/GENERAL COUNSEL Officer | 40 | $195,618 | $51,569 |
| MICHAEL LEE | CONTROLLER Highest-paid employee | 40 | $126,762 | $64,757 |
| PATRICE SCHNEIDER | CHIEF STRATEGY OFFICER Highest-paid employee | 40 | $190,281 | $0 |
| PATRICIA TORRES-BURD | MANAGING DIRECTOR Highest-paid employee | 40 | $130,146 | $49,769 |
| MEREDITH MOLOUGHNEY | CHIEF OF STAFF Highest-paid employee | 40 | $124,310 | $47,520 |
| JOANNA ROZYCKA-IWAN | CHIEF INVESTMENT OFFICER Key employee | 40 | $167,378 | $0 |
| BILAL RANDEREE | PROGRAM DIRECTOR Highest-paid employee | 40 | $136,655 | $11,943 |
| MARIE NEMCOVA | CHIEF OPERATING OFFICER Officer | 40 | $102,347 | $0 |
| ADRIAAN STOOP | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CATHERINE GICHERU | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KERSTIN MOGULL | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARC DA COSTA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARIA-TERESA RONDEROS | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL DEL NIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RICHARD ATTERBURY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| SHEILA CORONEL | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 37 W 20TH ST STE 804, NEW YORK, NY 10011-3716
- In care of
- % MARI BUDESA
- Principal officer (990 for 2024)
- HARLAN MANDEL, 37 WEST 20TH STREET SUITE 804, NEW YORK, NY 10011
- Signed the 990
- HARLAN MANDEL, CEO
- Phone
- (212) 807-1304
- Website
- WWW.MDIF.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
MDIF PROVIDES AFFORDABLE FINANCING AND TECHNICAL ASSISTANCE TO INDEPENDENT NEWS AND INFORMATION ORGANIZATIONS IN CHALLENGING ENVIRONMENTS, HELPING THEM TO BECOME FINANCIALLY SUSTAINABLE. SEE SCHEDULE O FOR CONTINUATION.
Program accomplishments
- MDIF PROVIDES LOAN AND EQUITY FINANCING BY WAY OF "PROGRAM RELATED INVESTMENTS" (PRIS) TO FURTHER ITS CHARITABLE MISSION. MDIF MAINTAINS A SEGREGATED POOL OF FUNDS FROM WHICH IT MAKES PRIS. RETURN OF INVESTED CAPITAL IS RECYCLED THROUGH THE POOL FOR REINVESTMENT.WITH EVERY PRI, MDIF PROVIDES CUSTOMIZED TRAINING AND TECHNICAL ASSISTANCE TO MEDIA ORGANIZATIONS AT VARYING STAGES OF THE BUSINESS LIFE CYCLE. IN ADDITION, MDIF TRAINS MEDIA ORGANIZATIONS IN THE USE OF DIGITAL AND TRANSFORMATIONAL TECHNOLOGY FOR ENHANCING THE SUSTAINABILITY OF THE MEDIA ORGANIZATION.SEE SCHEDULE O FOR CONTINUATION.Expenses $8,520,691 · grants $2,183,803 · revenue $2,437,138
- THE MYANMAR MEDIA PROGRAM ("SIDA MYANMAR") PROVIDES A RANGE OF HIGHLY TAILORED MEDIA BUSINESS-ORIENTED TECHNICAL ASSISTANCE TO MYANMAR'S INDEPENDENT MEDIA COMPANIES, INCLUDING ONE-TO-ONE EXPERT CONSULTING, GROUP WORKSHOPS, PEER-TO-PEER KNOWLEDGE SHARING AND DIRECT GRANTS FOR BUILDING MANAGEMENT CAPACITY.Expenses $949,589 · grants $568,061
- IN ITS GLOBAL PROGRAM, SUPPORTED BY SIDA, ("SIDA GLOBAL") MDIF UTILIZES ITS FINANCING AND CAPACITY BUILDING EXPERTISE TO IDENTIFY, DEVELOP, AND TRANSFORM MEDIA COMPANIES IN NEED, GLOBALLY, COMBINED WITH SIDA'S SUPPORT, TO PROVIDE LOAN AND EARLY STAGE EQUITY FINANCING, AND TECHNICAL ASSISTANCE, PARTICULARLY IN BUILDING DIGITAL CAPACITY AND STRENGTHENING MEDIA BUSINESS DEVELOPMENT.Expenses $816,621 · grants $40,203
- ADVISORY PROGRAMS.Expenses $1,303,068 · grants $356,928
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 13-4052259
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T20)
- Assets (IRS master file)
- $53,784,766
- Income (IRS master file)
- $14,728,288
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,728,288 | $13,882,026 | $53,784,766 | IRS |
| 990 | December 2023 | $17,721,633 | $14,856,496 | $55,733,188 | XML |
| 990 | December 2022 | $26,183,313 | $10,711,361 | $52,100,631 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 13-4052259).
Questions about MEDIA DEVELOPMENT INVESTMENT FUND INC
- What is the EIN of MEDIA DEVELOPMENT INVESTMENT FUND INC?
- The employer identification number (EIN) of MEDIA DEVELOPMENT INVESTMENT FUND INC is 13-4052259.
- Is MEDIA DEVELOPMENT INVESTMENT FUND INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MEDIA DEVELOPMENT INVESTMENT FUND INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MEDIA DEVELOPMENT INVESTMENT FUND INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MEDIA DEVELOPMENT INVESTMENT FUND INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MEDIA DEVELOPMENT INVESTMENT FUND INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MEDIA DEVELOPMENT INVESTMENT FUND INC?
- The 990 for the year ended December 31, 2024 names HARLAN MANDEL.
- Who are the officers and directors of MEDIA DEVELOPMENT INVESTMENT FUND INC?
- The 990 for the year ended December 31, 2024 lists 17 people; 10 received compensation from the organization, the highest $319,448 (HARLAN MANDEL, CHIEF EXECUTIVE OFFICER).
- How much revenue does MEDIA DEVELOPMENT INVESTMENT FUND INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,728,288, expenses of $13,882,026 and total assets of $53,784,766 at year end.
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