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Nonprofit · EIN 22-2635292

FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC

Tax-exempt · KATONAH, NY 10536

Financials

$2M$2.1M2023$1.6M$2M2024
Revenue Expenses · by fiscal year end
Financials of FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,574,229$2,013,741-$439,512$3,441,810$24,723$3,417,087
December 31, 2023990$2,009,092$2,117,874-$108,782$3,744,249$73,921$3,670,328
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,527,969
Program service revenue
$0
Investment income
$46,260
Net gain from sales of assets
-$66,446
Other revenue
$0

Expenses

Grants and similar amounts paid
$281,987
Other salaries and wages
$1,097,560
Salaries, compensation and benefits (total)
$1,381,697
Professional fundraising fees
$0
Accounting fees
$25,435
Travel
$26,723
Program services (functional)
$1,736,313
Management and general (functional)
$277,428

Balance sheet and other

Total assets, start of year
$3,744,249
Total assets, end of year
$3,441,810
Total liabilities, end of year
$24,723
Net assets, end of year
$3,417,087
Publicly traded securities
$2,559,866
Net assets without donor restrictions
$3,336,839
Net assets with donor restrictions
$80,248
Gross receipts
$3,052,430
Employees
10
Year formed
1989
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.

NameTitleHours / weekCompensation
NIKKI BETHELCEO
Officer
50$265,856
MICHAEL G BARHAMCOO
Officer
50$171,865
AYIA GOSPODINOVAVP BUSINESS
Officer
50$155,041
KATHERINE BARNETTCHAIRMAN
Trustee or director, Officer
2$0
NIIJA KUYKENDALLVICE CHAIRWO
Trustee or director, Officer
2$0
CHRISTOPHER LAMMERSSECRETARY
Trustee or director, Officer
2$0
MALCOLM LEVERETTTREASURER
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
NIKKI BETHELCEO
Officer
50$245,250
MICHAEL G BARHAMCOO
Officer
50$158,519
AYIA GOSPODINOVAVP BUSINESS
Officer
50$141,092
ROBERT APTERTREASURER
Trustee or director, Officer
2$0
KATHERINE BARNETTCHAIRMAN
Trustee or director, Officer
2$0
NIIJA KUYKENDALLVICE CHAIRWO
Trustee or director, Officer
2$0
CHRISTOPHER LAMMERSSECRETARY
Trustee or director, Officer
2$0

Address and contacts

Address (IRS master file)
282 KATONAH AVE, KATONAH, NY 10536-2110
In care of
% ANTHONY GRACI
Principal officer (990 for 2024)
MICHAEL G BARHAM, 42 BEDFORD ROAD, KATONAH, NY 10536
Signed the 990
MICHAEL G BARHAM, COO
Phone
(917) 626-7488
Return prepared by
SHAPIRO GOLDSTEIN MOSES & ARTUSO LLP

Mission

THE CHIEF OBJECTIVE OF THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA, INC IS TO CONDUCT ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE PURPOSE OF EDUCATING AND MENTORING INDIVIDUALS OF COLOR IN THE FIELD OF COMMUNICATIONS LEADING TO EMPLOYMENT OPPORTUNITIES IN THE COMMUNCATIONS INDUSTRY.

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA FELLOWSHIP PROGRAM INCLUDES A COMPONENT FOR SCHOLARSHIPS. ALL STUDENTS ACTIVELY PARTICIPATING IN THE PROGRAM WHO DEMONSTRATE FINANCIAL NEED ARE ELIGIBLE FOR SCHOLARSHIP FUNDS UP TO A MAXIMUM CAP DETERMINED BY THE ORGANIZATION. SPECIFIC PROGRAMS INCLUDE THE LAUNCH PROGRAM AND THE ANNUAL CONFERENCE. LAUNCH PREPARES EMMA BOWEN SENIORS TO ENTER THE WORKFORCE THROUGH GROUP AND INDIVIDUAL MENTORING, INTERVIEW PREP, JOB SEARCH GUIDANCE, AND MORE. THE ANNUAL SUMMER CONFERENCE INTRODUCES STUDENTS TO ALL OF EBF'S PARTNER COMPANIES, AS WELL AS CONNECTS PARTNERS TO EBF'S VIBRANT TALENT COMMUNITY, WHICH INCLUDES INTERNS AT OTHER EBF PARTNER COMPANIES, ALUMNI, AND MEMBERS OF THE ALL MULTICULTURAL MEDIA PROFESSIONALS ("AMMP") NETWORK.
    Expenses $1,524,615 · grants $261,987
  • THE FOUNDATION ALSO HAS PROGRAMS GEARED TOWARDS ESTABLISHED PROFESSIONALS IN THE INDURSTY. THE EARLY CAREER LEADERSHIP ("ECL")COACHING PROGRAM EQUIPS YOUNG TALENT IN THE MEDIA, ENTERTAINMENT AND TECHNOLOGY INDUSTRIES WITH TOOLS TO MANAGE THEIR CAREERS, NAVIGATE THE WORLD OF BUSINESS AND DEVELOP THE LEADERSHIP SKILLS THAT ARE NECESSARY TO ACHIEVE THEIR GOALS.
    Expenses $95,247 · grants $20,000
  • TO ENGAGE EXECUTIVES AND LEADERS IN THE FIELD, THE ORGANIZATION HAS ESTABLISHED EBF COUNCILS. THESE ARE DISCIPLINE FOCUSED GROUPS DESIGNED TO GIVE SPACE FOR EBF ADVISORY COUNCIL MEMBERS TO ENGAGE MORE CONSISTENTLY WITH THE EBF COMMUNITY AND STAY REGULARLY INFORMED OF EBF ACTIVITIES. EBF COUNCILS WILL PROVIDE EXECUTIVES AND LEADERS IN THE FIELD WITH AN OPPORTUNITY TO SHARE KNOWLEDGE AND BEST PRACTICES, PROVIDE FEEDBACK ON THE EFFECTIVENESS OF RELEVANT EBF PROGRAMS, STRENGTHEN CONNECTIONS TO PEERS IN THE EBF COMMUNITY, AND HELP EBF BUILD MEANINGFUL PROGRAMMING FOR STUDENTS AND ALUMNI.
    Expenses $116,451
  • OTHER PROGRAM SERVICES.

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
22-2635292
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
1985
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$3,441,810
Income (IRS master file)
$3,052,430

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,574,229$2,013,741$3,441,810XML
990December 2023$2,009,092$2,117,874$3,744,249XML
990December 2022$2,056,480$2,183,145$3,660,149IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––IRS
990December 2018–––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 22-2635292).

Questions about FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC

What is the EIN of FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC?
The employer identification number (EIN) of FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC is 22-2635292.
Is FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1985.
Are donations to FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FOUNDATION FOR MINORITY INTERESTS IN MEDIA 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 FOUNDATION FOR MINORITY INTERESTS IN MEDIA 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 FOUNDATION FOR MINORITY INTERESTS IN MEDIA 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 FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC?
The 990 for the year ended December 31, 2024 names MICHAEL G BARHAM.
Who are the officers and directors of FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC?
The 990 for the year ended December 31, 2024 lists 7 people; 3 received compensation from the organization, the highest $265,856 (NIKKI BETHEL, CEO).
How much revenue does FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,574,229, expenses of $2,013,741 and total assets of $3,441,810 at year end.

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