Totals
- Total revenue
- $1,416,056
- Total expenses
- $934,890
- Contributions and grants received
- $1,416,056
- Grants paid
- $29,769
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $1,302,734
- Total liabilities, end of year
- $821,990
- Net assets or fund balances, end of year
- $480,744
- Program services expenses (Part IX)
- $747,326
- Management and general expenses
- $135,582
- Fundraising expenses
- $51,982
- Program service expenses (Part III)
- $747,326
Program services were 79.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1f · All other contributions, gifts and grants
$1,416,056
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $29,769 · program services $29,769
-
11b · Fees: legal
total $5,380 · program services $4,304 · management and general $1,076
-
11c · Fees: accounting
total $5,590 · program services $4,472 · management and general $1,118
-
11g · Fees: other
total $534,628 · program services $468,175 · management and general $57,694 · fundraising $8,759
-
12 · Advertising and promotion
total $26,879 · program services $13,708 · management and general $1,882 · fundraising $11,289
-
13 · Office expenses
total $15,933 · program services $3,186 · management and general $9,560 · fundraising $3,187
-
17 · Travel
total $276,492 · program services $207,368 · management and general $41,474 · fundraising $27,650
-
20 · Interest
total $21,132 · management and general $21,132
-
22 · Depreciation, depletion and amortization
total $13,601 · program services $13,601
-
23 · Insurance
total $5,486 · program services $2,743 · management and general $1,646 · fundraising $1,097
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $93,587 · end of year $507,049
-
10a · Land, buildings and equipment: cost or other basis
$622,407
-
10b · Land, buildings and equipment: accumulated depreciation
$39,130
-
10c · Land, buildings and equipment, net
beginning of year $543,892 · end of year $583,277
-
11 · Investments: publicly traded securities
beginning of year $106,868 · end of year $107,168
-
15 · Other assets
end of year $105,240
-
25 · Other liabilities
beginning of year $744,769 · end of year $821,990
-
27 · Net assets without donor restrictions
beginning of year -$422 · end of year $480,744
Mission and programs · 2023
Mission
MGP IS A NETWORK OF DIVERSE PROFESSIONALS THAT HAVE PURPOSES THEMSELVES IN DEVELOPING THE NEXT GENERATION OF THOUGHT LEADERSHIP WITHIN ADVERTISING, MEDIA AND MARKETING INDUSTRIES.
-
THE LARGEST PROGRAM IS THE ICR8 SUMMER & WINTER BOOT CAMP PROGRAM. ITS PRIMARY PURPOSE IS TO PROVIDE DIVERSE ASPIRANTS IN THE FIELD OF ADVERTISING AND MARKETING WITH THE EXPOSURE AND EXPERIENCE NECESSARY TO SOLIDIFY CAREERS WITHIN THE ADVERTISING, MEDIA AND MARKETING INDUSTRY.
Expenses $411,029 · Grants $16,373
-
THE SECOND LARGEST PROGRAM IS THE ICR8 WORKSHOP. THIS IS AN ANNUAL SPORTS MARKETING WORKSHOP PROVIDED AT NO COST TO PARTICIPANTS. THE PROGRAM PROVIDES A DIVERSE GROUP OF ROUGHLY 30 PARTICIPANTS EXPOSURE AND NETWORKING WITH LEADERS WITHIN THE MARKETING, MEDIA AND ADVERTISING INDUSTRY.
Expenses $224,198 · Grants $8,931
-
THE THIRD LARGEST PROGRAM IS THE SOUND BITE PROGRAM WHICH IS A NATIONAL MGP ALUMNI INITIATIVE COMPRISED OF NETWORKING OPPORTUNITIES THAT WERE CREATED TO GIVE PROGRAM ALUMNI A CHANCE TO CONNECT FACE TO FACE. THEY INVOLVE "LUNCH AND LEARN" STYLE FORUMS AND "SMALL-GROUP" GATHERINGS WHERE ALUMNI AND NETWORK MEMBERS CONNECT OVER RELEVANT ISSUES, TO AID IN THE ADVANCEMENT OF LEADERSHIP POTENTIAL AND FORGING LASTING RELATIONSHIPS.
Expenses $112,099 · Grants $4,465
As filed on the 2023 return.
Listed in Part VII
-
Lincoln StephensLINCOLN STEPHENS
CO-FOUNDER
- Total calculated
- $0
- Hours/week
- 40
-
Nancy HillNANCY HILL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cathy BrownCATHY BROWN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Cynthia NevelsCYNTHIA NEVELS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jason WhiteJASON WHITE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Nakeisha S FergusonNAKEISHA S FERGUSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Carol H WilliamsCAROL H WILLIAMS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Javier FarfanJAVIER FARFAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jerome DroletJEROME DROLET
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Kristin JarvisKRISTIN JARVIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dr Patty AlveyDR PATTY ALVEY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Ram KrishnanRAM KRISHNAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Renetta McCannRENETTA MCCANN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Stephen KimSTEPHEN KIM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 September 2024
- IRS schema version
- 2023v5.0
- Source object
- 202443119349302254
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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