Skip to content
Nonprofiteer
← MEDIA INSTITUTE

Form 990 for tax year 2023

Filed by MEDIA INSTITUTE.

Totals

Total revenue
$427,475
Total expenses
$484,231
Contributions and grants received
$346,925
Grants paid
$0
Program service revenue
$80,550
Investment income
$0
Other revenue
$0
Total assets, end of year
$61,554
Total liabilities, end of year
$44,231
Net assets or fund balances, end of year
$17,323
Program services expenses (Part IX)
$393,373
Management and general expenses
$90,858
Fundraising expenses
$0
Program service expenses (Part III)
$393,373

Program services were 81.2% 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

    $346,925

  • 2a · Program service revenue: Event registration

    total $80,550 · related or exempt $80,550

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $170,972 · program services $128,229 · management and general $42,743

  • 7 · Other salaries and wages

    total $71,000 · program services $53,250 · management and general $17,750

  • 8 · Pension plan contributions

    total $7,100 · program services $5,325 · management and general $1,775

  • 9 · Other employee benefits

    total $2,091 · program services $1,568 · management and general $523

  • 10 · Payroll taxes

    total $16,928 · program services $12,696 · management and general $4,232

  • 11b · Fees: legal

    total $1,490 · management and general $1,490

  • 11c · Fees: accounting

    total $18,021 · program services $13,515 · management and general $4,506

  • 11g · Fees: other

    total $19,105 · program services $14,329 · management and general $4,776

  • 12 · Advertising and promotion

    total $251 · program services $188 · management and general $63

  • 13 · Office expenses

    total $11,152 · program services $8,364 · management and general $2,788

  • 14 · Information technology

    total $9,092 · program services $6,819 · management and general $2,273

  • 16 · Occupancy

    total $23,844 · program services $17,883 · management and general $5,961

  • 17 · Travel

    total $624 · program services $468 · management and general $156

  • 19 · Conferences, conventions and meetings

    total $125,275 · program services $125,275

  • 22 · Depreciation, depletion and amortization

    total $631 · program services $473 · management and general $158

  • 23 · Insurance

    total $6,655 · program services $4,991 · management and general $1,664

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $44,787 · end of year $35,498

  • 4 · Accounts receivable

    beginning of year $22,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $267 · end of year $399

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

    $8,039

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

    $6,508

  • 10c · Land, buildings and equipment, net

    beginning of year $2,162 · end of year $1,531

  • 15 · Other assets

    beginning of year $52,659 · end of year $24,126

  • 17 · Accounts payable and accrued expenses

    beginning of year $322 · end of year $24,790

  • 25 · Other liabilities

    beginning of year $47,974 · end of year $19,441

  • 27 · Net assets without donor restrictions

    beginning of year $74,079 · end of year $17,323

Mission and programs · 2023

Mission

To foster freedom of speech, a competitive media and communications industry, and excellence in journalism.

  • Free Speech America - An Institute event held every fall that presents two awards to deserving individuals. The American Horizon Award recognizes leadership in promoting the vitality and independence of American media and communications. The Freedom of Speech Award recognizes and indivudal who has made important contributions to the advancement and protection of free speech. Additionally, the Institute facilitates Free Speech Week, a yearly event to raise public awareness of the importance of free speech in our democracy- and to celebrate that freedom. As freedom of speech is a right all Americans share, this non-partisan, non-ideological event is intended to be a unifying celebration.

    Expenses $199,726 · Revenue $40,350

  • Communications Forum - A luncheon program held in Washington, D.C. eight times per year. The Forum gives newsmakers from the government and communications industry an opportunity to address a select audience of media and corporate executives and journalists.

    Expenses $193,647 · Revenue $40,200

As filed on the 2023 return.

Listed in Part VII

  • David Grimaldi

    Director

    Total calculated
    $0
    Hours/week
    2
  • Jessica Marventano

    Director

    Total calculated
    $0
    Hours/week
    2
  • Will Johnson

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Ashley Messenger

    Director

    Total calculated
    $0
    Hours/week
    2
  • Adonis Hoffman

    Director

    Total calculated
    $0
    Hours/week
    2
  • Rebecca Hanson

    Director

    Total calculated
    $0
    Hours/week
    2
  • Chris Moeser

    Director

    Total calculated
    $0
    Hours/week
    2
  • Richard Wiley Esq

    Chairman

    Total calculated
    $0
    Hours/week
    5
  • John I Taylor

    Secretary

    Total calculated
    $0
    Hours/week
    2
  • Keith R Murphy

    Director

    Total calculated
    $0
    Hours/week
    2
  • Richard Kaplar

    President/CEO

    Total calculated
    $171,093
    From this org
    $150,000
    From related orgs
    $0
    Other
    $21,093
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $0
    Other
    $0
    Deferred
    $19,500
    Nontaxable benefits
    $1,593
    Filer's total
    $171,093

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

  • 3 · Approval by the board or compensation committee

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

The filer's explanations (Part III)

Part I, Line 3
The board approves the President/CEO's salary and benefits.

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
2023
Filed
9 May 2024
IRS schema version
2023v5.0
Source object
202411349349301321

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.