Nonprofit · EIN 83-0911708
FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT
Tax-exempt · FARMINGTN HLS, MI 48331
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,100,111 | $1,154,284 | -$54,173 | $487,045 | $21,187 | $465,858 |
| December 31, 2023 | 990 | $1,467,055 | $1,070,083 | $396,972 | $586,626 | $66,595 | $520,031 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,100,111
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $325,000
- Compensation of officers, directors and key employees
- $391,833
- Other salaries and wages
- $26,000
- Salaries, compensation and benefits (total)
- $467,040
- Professional fundraising fees
- $0
- Accounting fees
- $201
- Travel
- $24,599
- Depreciation
- $1,444
- Program services (functional)
- $1,052,444
- Management and general (functional)
- $50,920
- Fundraising (functional)
- $50,920
Balance sheet and other
- Total assets, start of year
- $586,626
- Total assets, end of year
- $487,045
- Total liabilities, end of year
- $21,187
- Net assets, end of year
- $465,858
- Net assets without donor restrictions
- $465,858
- Gross receipts
- $1,100,111
- Employees
- 1
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- MI
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 |
|---|---|---|---|
| David Grasso | CEO Officer | 40 | $221,360 |
| Scott Hantler | COO and Director Trustee or director, Officer | 5 | $160,000 |
| Phil Willard | CFO Officer | 5 | $36,000 |
| Audrey Bloomberg | Director Trustee or director | 5 | $0 |
| Stephen Kahn | Director Trustee or director | 5 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| David Grasso | CEO Officer | 40 | $201,568 |
| Scott Hantler | COO and Director Trustee or director, Officer | 5 | $55,000 |
| Phil Willard | CFO Officer | 5 | $36,000 |
| Steve Hantler | Director Former | 0 | $0 |
| Stephen Kahn | Director Trustee or director | 5 | $0 |
| Audrey Bloomberg | Director Trustee or director | 5 | $0 |
Address and contacts
- Address (IRS master file)
- 28757 HIDDEN TRL, FARMINGTN HLS, MI 48331-2982
- In care of
- % DAVID GRASSO
- Mailing address (990-N for 2020)
- 6740 Commerce Road, West Bloomfield MI 48324
- Principal officer (990 for 2024)
- David Grasso, 28757 Hidden Trail, Farmington Hills, MI 48331
- Principal officer (990-N for 2020)
- Steve Hantler, 6740 Commerce Road, West Bloomfield MI 48324
- Signed the 990
- Phil Willard, CFO
- Phone
- (972) 768-5972
Mission
Produce bipartisan content that elevates diverse voices that are often ignored by the conventional media.
Program accomplishments
- Produce bipartisan content that elevates diverse voices that are often ignored by the conventional media.Expenses $1,052,444
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
- 83-0911708
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A30)
- Assets (IRS master file)
- $487,045
- Income (IRS master file)
- $1,100,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,100,111 | $1,154,284 | $487,045 | IRS |
| 990 | December 2023 | $1,467,055 | $1,070,083 | $586,626 | XML |
| 990 | December 2022 | $836,247 | $1,287,363 | $155,456 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Steve Hantler | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Steven Hantler | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 83-0911708).
Questions about FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT
- What is the EIN of FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT?
- The employer identification number (EIN) of FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT is 83-0911708.
- Is FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT 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 AMERICAN CONTENT AND ENTERTAINMENT 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 AMERICAN CONTENT AND ENTERTAINMENT 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 AMERICAN CONTENT AND ENTERTAINMENT?
- The 990 for the year ended December 31, 2024 names David Grasso.
- Who are the officers and directors of FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT?
- The 990 for the year ended December 31, 2024 lists 5 people; 3 received compensation from the organization, the highest $221,360 (David Grasso, CEO).
- How much revenue does FOUNDATION FOR AMERICAN CONTENT AND ENTERTAINMENT have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,100,111, expenses of $1,154,284 and total assets of $487,045 at year end.
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