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← MEDIA MATTERS ACTION NETWORK

Form 990 for tax year 2022

Filed by MEDIA MATTERS ACTION NETWORK.

Totals

Total revenue
$1,265,618
Total expenses
$615,724
Contributions and grants received
$1,250,115
Grants paid
$0
Program service revenue
$0
Investment income
$15,503
Other revenue
$0
Total assets, end of year
$3,070,847
Total liabilities, end of year
$451,854
Net assets or fund balances, end of year
$2,618,993
Program services expenses (Part IX)
$417,587
Management and general expenses
$39,702
Fundraising expenses
$158,435
Program service expenses (Part III)
$417,587

Program services were 67.8% 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

    $1,250,115

  • 3 · Investment income

    total $15,124 · excluded $15,124

  • 7a · Gross sales of assets other than inventory

    securities $111,113

  • 7b · Less cost or other basis and sales expenses

    securities $110,734

  • 7c · Gain or loss

    securities $379

  • 7d · Net gain or loss

    total $379 · excluded $379

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $49,257 · program services $42,607 · management and general $6,421 · fundraising $229

  • 7 · Other salaries and wages

    total $207,421 · program services $181,871 · management and general $24,670 · fundraising $880

  • 8 · Pension plan contributions

    total $172 · program services $65 · management and general $103 · fundraising $4

  • 9 · Other employee benefits

    total $18,697 · program services $17,791 · management and general $876 · fundraising $30

  • 10 · Payroll taxes

    total $17,729 · program services $17,004 · management and general $663 · fundraising $62

  • 11b · Fees: legal

    total $75 · management and general $75

  • 11c · Fees: accounting

    total $11,683 · program services $10,374 · management and general $1,309

  • 11e · Fees: professional fundraising services

    total $156,250 · fundraising $156,250

  • 11f · Fees: investment management

    total $3,673 · management and general $3,673

  • 11g · Fees: other

    total $98,400 · program services $98,400

  • 13 · Office expenses

    total $214 · management and general $214

  • 14 · Information technology

    total $13,469 · program services $11,778 · management and general $1,691

  • 17 · Travel

    total $10,000 · program services $10,000

  • 24a · Other expenses: RESEARCH TOOL

    total $27,697 · program services $27,697

  • 24b · Other expenses: REG. & LICENSING FEES

    total $980 · fundraising $980

  • 24c · Other expenses: MISCELLANEOUS

    total $7 · management and general $7

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,570,864 · end of year $2,130,933

  • 2 · Savings and temporary cash investments

    beginning of year $6,429 · end of year $39,022

  • 4 · Accounts receivable

    beginning of year $10 · end of year $500,001

  • 10a · Land, buildings and equipment: cost or other basis

    $131,100

  • 10b · Land, buildings and equipment: accumulated depreciation

    $131,100

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $493,167 · end of year $400,891

  • 15 · Other assets

    beginning of year $141 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $19,543 · end of year $140,589

  • 25 · Other liabilities

    beginning of year $10,315 · end of year $311,265

  • 27 · Net assets without donor restrictions

    beginning of year $2,040,753 · end of year $2,426,208

  • 28 · Net assets with donor restrictions

    end of year $192,785

Mission and programs · 2022

Mission

MEDIA MATTERS ACTION NETWORK WAS ORGANIZED FOR THE PURPOSE OF MONITORING, ANALYZING AND CORRECTING CONSERVATIVE MISINFORMATION IN THE U.S. MEDIA.

Activities or mission (Part I)

SEE PART III, LINE 1.

  • MEDIA MATTERS ACTION NETWORK SERVES AS THE CENTER OF ACTIVISM EFFORTS TO MONITOR, ANALYZE AND CORRECT CONSERVATIVE MISINFORMATION IN THE MEDIA.

    Expenses $417,587

As filed on the 2022 return.

Listed in Part VII

  • David Brock

    CHAIRMAN (UNTIL 11/22)

    Total calculated
    $14,448
    From this org
    $13,621
    From related orgs
    $0
    Other
    $827
    Hours/week
    1
  • Michael Meehan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Bill Titelman

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Angelo Carusone

    PRESIDENT/CHAIR (FROM 11/22)

    Total calculated
    $22,414
    From this org
    $21,500
    From related orgs
    $0
    Other
    $914
    Hours/week
    4
  • Pilar Martinez

    CFO

    Total calculated
    $12,396
    From this org
    $11,750
    From related orgs
    $0
    Other
    $646
    Hours/week
    3

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202313199349322586

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