Skip to content
Nonprofiteer
← FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC

Form 990 for tax year 2024

Filed by FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC.

Totals

Total revenue
$1,574,229
Total expenses
$2,013,741
Contributions and grants received
$1,527,969
Grants paid
$281,987
Program service revenue
$0
Investment income
$46,260
Other revenue
$0
Total assets, end of year
$3,441,810
Total liabilities, end of year
$24,723
Net assets or fund balances, end of year
$3,417,087
Program services expenses (Part IX)
$1,736,313
Management and general expenses
$277,428
Fundraising expenses
$0
Program service expenses (Part III)
$1,736,313

Program services were 86.2% 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

    $1,527,969

  • 3 · Investment income

    total $112,706 · related or exempt $29,564 · excluded $83,142

  • 7a · Gross sales of assets other than inventory

    securities $1,411,755

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

    securities $1,478,201

  • 7c · Gain or loss

    securities -$66,446

  • 7d · Net gain or loss

    total -$66,446 · related or exempt -$66,446

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $281,987 · program services $281,987

  • 7 · Other salaries and wages

    total $1,097,560 · program services $932,925 · management and general $164,635

  • 8 · Pension plan contributions

    total $72,580 · program services $61,694 · management and general $10,886

  • 9 · Other employee benefits

    total $132,999 · program services $113,049 · management and general $19,950

  • 10 · Payroll taxes

    total $78,558 · program services $66,774 · management and general $11,784

  • 11c · Fees: accounting

    total $25,435 · management and general $25,435

  • 11f · Fees: investment management

    total $20,071 · management and general $20,071

  • 13 · Office expenses

    total $40,335 · program services $35,110 · management and general $5,225

  • 17 · Travel

    total $26,723 · program services $26,723

  • 23 · Insurance

    total $8,856 · program services $4,871 · management and general $3,985

  • 24a · Other expenses: BOOKKEEPING AND ACCOUNTIN

    total $83,977 · program services $70,717 · management and general $13,260

  • 24b · Other expenses: STUDENT CONFERENCES

    total $77,420 · program services $77,420

  • 24c · Other expenses: CONSULTANTS

    total $48,175 · program services $48,175

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $14,645 · program services $12,448 · management and general $2,197

  • 24e · All other expenses

    total $4,420 · program services $4,420

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $534,945 · end of year $829,375

  • 3 · Pledges and grants receivable

    beginning of year $86,000 · end of year $35,000

  • 7 · Other notes and loans receivable

    beginning of year $154,837 · end of year $17,569

  • 11 · Investments: publicly traded securities

    beginning of year $2,968,467 · end of year $2,559,866

  • 17 · Accounts payable and accrued expenses

    beginning of year $73,921 · end of year $24,723

  • 27 · Net assets without donor restrictions

    beginning of year $3,588,223 · end of year $3,336,839

  • 28 · Net assets with donor restrictions

    beginning of year $82,105 · end of year $80,248

Mission and programs · 2024

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.

  • 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.

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nikki Bethel

    CEO

    Total calculated
    $265,856
    From this org
    $265,856
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $249,231
    Bonus
    $15,000
    Other
    $1,625
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $265,856

  • Michael G Barham

    COO

    Total calculated
    $171,865
    From this org
    $171,865
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $168,240
    Bonus
    $2,000
    Other
    $1,625
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $171,865

  • Ayia Gospodinova

    VP BUSINESS

    Total calculated
    $155,041
    From this org
    $155,041
    From related orgs
    $0
    Other
    $0
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $151,416
    Bonus
    $2,000
    Other
    $1,625
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $155,041

  • Katherine Barnett

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2

  • Niija Kuykendall

    VICE CHAIRWO

    Total calculated
    $0
    Hours/week
    2

  • Christopher Lammers

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Malcolm Leverett

    TREASURER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
5 November 2025
IRS schema version
2024v5.0
Source object
202523149349301782

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.