Nonprofit · EIN 94-2975155
MINORITY TELEVISION PROJECT INC
Also known as KMTP-TV 32
Tax-exempt · SAN MATEO, CA 94401
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $5,674,108 | $5,083,541 | $590,567 | $109,264,329 | $37,628,476 | $71,635,853 |
| December 31, 2023 | 990-PF | $1,616,046 | $4,571,990 | -$2,955,944 | $108,857,545 | $41,866,261 | $66,991,284 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Dividends
- $1,192,873
- Interest
- $54
- Net rental income
- $149,607
- Net gain from sales of assets
- $4,331,574
Expenses
- Grants and similar amounts paid
- $377,824
- Compensation of officers, directors and key employees
- $527,874
- Salaries, compensation and benefits (total)
- $34,125
- Disbursements for charitable purposes
- $2,319,621
- Excise tax on investment income
- $44,419
Balance sheet and other
- Total assets, start of year
- $108,857,545
- Total assets, end of year
- $109,264,329
- Total liabilities, end of year
- $37,628,476
- Net assets, end of year
- $71,635,853
- Fair market value of assets
- $110,368,973
- Qualifying distributions
- $2,319,621
- Net investment income
- $5,674,108
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-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| BOOKER T WADE JR 719 WOODSIDE WAY, SAN MATEO, CA 94401 | EXECUTIVE DI | 40 | $180,000 | $696 |
| YOUNGSU YOO 719 WOODSIDE WAY, SAN MATEO, CA 94402 | DIR.SEC.STAT | 40 | $150,000 | $46,512 |
| LORNA JONES 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 40 | $120,000 | $696 |
| FAN WEN 1611 BOREL PLACE SUITE 3, SAN MATEO, CA 94403 | FINANCIAL OF | 15 | $77,874 | $0 |
| HERB ANDERSON 719 WOODSIDE WAY, SAN MATEO, CA 94401 | CHAIR AND OF | 2 | $0 | $0 |
| JAWARA LUMUMBA 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR AND | 2 | $0 | $0 |
| DARYL HARRIS SR 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 2 | $0 | $0 |
| GWENDOLYN MAY 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 2 | $0 | $0 |
| KYLA TALLEY 719 WOODSIDE WAY, SAN MATEO, CA 94402 | DIRECTOR | 2 | $0 | $0 |
| MELVINA JONES 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIR. ASSIST | 2 | $0 | $0 |
| BARBARA WADE 7305 S CONSTANCE AVE APT 1, CHICAGO, IL 60649 | DIRECTOR | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BOOKER T WADE JR 719 WOODSIDE WAY, SAN MATEO, CA 94401 | EXECUTIVE DI | 40 | $180,000 |
| YOUNGSU YOO 719 WOODSIDE WAY, SAN MATEO, CA 94402 | DIR.SEC.STAT | 40 | $150,000 |
| LORNA JONES 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 40 | $120,000 |
| FAN WEN 1611 BOREL PLACE SUITE 3, SAN MATEO, CA 94403 | FINANCIAL OF | 10 | $59,076 |
| HERB ANDERSON 719 WOODSIDE WAY, SAN MATEO, CA 94401 | CHAIR AND OF | 1 | $0 |
| JAWARA LUMUMBA 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR AND | 1 | $0 |
| DARYL HARRIS SR 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 1 | $0 |
| GWENDOLYN MAY 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIRECTOR | 1 | $0 |
| KYLA TALLEY 719 WOODSIDE WAY, SAN MATEO, CA 94402 | DIRECTOR | 1 | $0 |
| MELVINA JONES 719 WOODSIDE WAY, SAN MATEO, CA 94401 | DIR. ASSIST | 1 | $0 |
| BARBARA WADE 7305 S CONSTANCE AVE APT 1, CHICAGO, IL 60649 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 719 WOODSIDE WAY, SAN MATEO, CA 94401-1609
- In care of
- % BOOKER T WADE
- Signed the 990-PF
- BOOKER T WADE JR, EXECUTIVE DIRECTOR
- Phone
- (415) 777-3232
- Website
- WWW.KMTP.TV
- Return prepared by
- FAN WEN CPA
California records
California keeps its own records of charities and corporations. Search them by EIN 94-2975155 or by the name MINORITY TELEVISION PROJECT INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. 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-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 94-2975155
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Arts, culture and humanities (A32)
- Assets (IRS master file)
- $109,264,329
- Income (IRS master file)
- $5,674,108
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $5,674,108 | $5,083,541 | $109,264,329 | XML |
| 990-PF | December 2023 | $1,616,046 | $4,571,990 | $108,857,545 | XML |
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 94-2975155).
Questions about MINORITY TELEVISION PROJECT INC
- What is the EIN of MINORITY TELEVISION PROJECT INC?
- The employer identification number (EIN) of MINORITY TELEVISION PROJECT INC is 94-2975155.
- Is MINORITY TELEVISION PROJECT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to MINORITY TELEVISION PROJECT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MINORITY TELEVISION PROJECT INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MINORITY TELEVISION PROJECT 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 MINORITY TELEVISION PROJECT INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MINORITY TELEVISION PROJECT INC?
- The 990-PF for the year ended December 31, 2024 lists 11 people; 4 received compensation from the organization, the highest $180,000 (BOOKER T WADE JR, EXECUTIVE DI).
- How much revenue does MINORITY TELEVISION PROJECT INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $5,674,108, expenses of $5,083,541 and total assets of $109,264,329 at year end.
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