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Nonprofiteer
← 1HOOD MEDIA ACADEMY

Form 990 for tax year 2022

Filed by 1HOOD MEDIA ACADEMY.

Totals

Total revenue
$2,400,840
Total expenses
$2,010,802
Contributions and grants received
$2,379,349
Grants paid
$0
Program service revenue
$18,748
Investment income
$2
Other revenue
$2,741
Total assets, end of year
$2,520,494
Total liabilities, end of year
$190,050
Net assets or fund balances, end of year
$2,330,444
Program services expenses (Part IX)
$1,472,321
Management and general expenses
$293,318
Fundraising expenses
$245,163
Program service expenses (Part III)
$1,472,321

Program services were 73.2% 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.

  • 1e · Government grants (contributions)

    $78,409

  • 1f · All other contributions, gifts and grants

    $2,300,940

  • 2a · Program service revenue: PROGRAM EVENTS

    total $18,748 · related or exempt $18,748

  • 3 · Investment income

    total $2 · excluded $2

  • 10a · Gross sales of inventory

    $2,741

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $2,741 · related or exempt $2,741

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $201,000 · program services $134,833 · management and general $31,301 · fundraising $34,866

  • 7 · Other salaries and wages

    total $250,637 · program services $168,130 · management and general $39,031 · fundraising $43,476

  • 9 · Other employee benefits

    total $5,166 · program services $5,166

  • 10 · Payroll taxes

    total $36,502 · program services $25,528 · management and general $4,887 · fundraising $6,087

  • 11b · Fees: legal

    total $9,819 · management and general $9,819

  • 11c · Fees: accounting

    total $77,728 · management and general $77,728

  • 11g · Fees: other

    total $547,583 · program services $418,675 · management and general $26,503 · fundraising $102,405

  • 12 · Advertising and promotion

    total $17,974 · program services $8,297 · management and general $2,846 · fundraising $6,831

  • 13 · Office expenses

    total $28,061 · program services $10,851 · management and general $15,829 · fundraising $1,381

  • 14 · Information technology

    total $11,660 · program services $11,660

  • 16 · Occupancy

    total $96,761 · program services $67,732 · management and general $25,422 · fundraising $3,607

  • 17 · Travel

    total $70,720 · program services $56,363 · management and general $12,875 · fundraising $1,482

  • 19 · Conferences, conventions and meetings

    total $11,576 · program services $6,324 · management and general $2,598 · fundraising $2,654

  • 23 · Insurance

    total $8,129 · management and general $8,129

  • 24a · Other expenses: MEDIA EXPENSE

    total $412,088 · program services $374,449 · management and general $0 · fundraising $37,639

  • 24b · Other expenses: EVENT EXPENSE

    total $102,354 · program services $102,354

  • 24c · Other expenses: MEALS

    total $52,160 · program services $35,139 · management and general $14,389 · fundraising $2,632

  • 24d · Other expenses: FISCAL SPONSOR EXPENSE

    total $17,975 · program services $17,975

  • 24e · All other expenses

    total $52,909 · program services $28,845 · management and general $21,961 · fundraising $2,103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,319,640 · end of year $1,624,569

  • 2 · Savings and temporary cash investments

    beginning of year $21,773 · end of year $21,775

  • 3 · Pledges and grants receivable

    beginning of year $626,427 · end of year $874,150

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

    $30,437

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

    $30,437

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,434 · end of year $190,050

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,340,771 · end of year $1,271,638

  • 28 · Net assets with donor restrictions

    beginning of year $599,635 · end of year $1,058,806

Mission and programs · 2022

Mission

BUILDING LIBERATED COMMUNITIES THROUGH ART, EDUCATION, AND CULTURAL ORGANIZING.

  • 1HOOD MEDIA ACADEMY, INC PRESENTS AND SHOWCASES NEW UNDISCOVERED ARTISTS AND PROVIDES THEM WITH A PLATFORM TO SHOWCASE THEIR GIFTS AND TALENTS. ARTISTS ARE PROVIDED A VENUE, A BUDGET, AND MARKETING SUPPORT AT NO CHARGE. ARTIST ALSO KEEP ALL MONIES THEY MAKE AT THE DOOR IN ORDER TO PROVIDE A SEGUE TO HOSTING THEIR OWN EVENTS. 1HOOD MEDIA ACADEMY, INC IS DEVOTED TO BUILDING LIBERATED COMMUNITIES THROUGH ART, EDUCATION AND SOCIAL JUSTICE. 2022 SAW THE ORGANIZATION WITH AN EXPANDED FOCUS ON MEDIA. THE PROGRAM SUPPORTED A NUMBER OF BLACK WRITERS AND DOCUMENTARIANS IN SPECIFICALLY COVERING WORK AT THE INTERSECTION OF ARTS AND ACTIVISTS.

    Expenses $1,472,321 · Revenue $18,748

As filed on the 2022 return.

Listed in Part VII

  • Celeste Smith

    VICE PRESIDENT

    Total calculated
    $69,000
    From this org
    $69,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Cornell Jones

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bakari Kitwana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mikhall Pappas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jannah Smith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Wasiullah Mohamed

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Jasiri Smith

    EXECUTIVE DIRECTOR

    Total calculated
    $132,000
    From this org
    $132,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    65 + 6 related

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
13 November 2023
IRS schema version
2022v5.0
Source object
202323199349308062

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