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Nonprofiteer
← MEDIA MATTERS ACTION NETWORK

Form 990 for tax year 2023

Filed by MEDIA MATTERS ACTION NETWORK.

Totals

Total revenue
$915,916
Total expenses
$837,798
Contributions and grants received
$900,448
Grants paid
$0
Program service revenue
$0
Investment income
$15,468
Other revenue
$0
Total assets, end of year
$2,899,020
Total liabilities, end of year
$169,644
Net assets or fund balances, end of year
$2,729,376
Program services expenses (Part IX)
$679,067
Management and general expenses
$44,436
Fundraising expenses
$114,295
Program service expenses (Part III)
$679,067

Program services were 81.1% 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

    $900,448

  • 3 · Investment income

    total $14,698 · excluded $14,698

  • 7a · Gross sales of assets other than inventory

    securities $106,530

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

    securities $105,760

  • 7c · Gain or loss

    securities $770

  • 7d · Net gain or loss

    total $770 · excluded $770

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $103,258 · program services $96,231 · management and general $6,816 · fundraising $211

  • 7 · Other salaries and wages

    total $382,753 · program services $356,705 · management and general $25,267 · fundraising $781

  • 8 · Pension plan contributions

    total $151 · program services $141 · management and general $10

  • 9 · Other employee benefits

    total $50,948 · program services $47,478 · management and general $3,364 · fundraising $106

  • 10 · Payroll taxes

    total $34,089 · program services $31,769 · management and general $2,250 · fundraising $70

  • 11b · Fees: legal

    total $175 · program services $169 · management and general $5 · fundraising $1

  • 11c · Fees: accounting

    total $19,950 · program services $19,343 · management and general $536 · fundraising $71

  • 11e · Fees: professional fundraising services

    total $112,500 · fundraising $112,500

  • 11f · Fees: investment management

    total $3,621 · management and general $3,621

  • 11g · Fees: other

    total $28,996 · program services $28,117 · management and general $779 · fundraising $100

  • 13 · Office expenses

    total $84 · management and general $13 · fundraising $71

  • 14 · Information technology

    total $46,157 · program services $44,453 · management and general $1,704

  • 19 · Conferences, conventions and meetings

    total $11,275 · program services $11,275

  • 24a · Other expenses: RESEARCH TOOL

    total $43,386 · program services $43,386

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

    total $455 · management and general $71 · fundraising $384

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,130,933 · end of year $2,414,996

  • 2 · Savings and temporary cash investments

    beginning of year $39,022 · end of year $12,082

  • 4 · Accounts receivable

    beginning of year $500,001

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $400,891 · end of year $471,942

  • 17 · Accounts payable and accrued expenses

    beginning of year $140,589

  • 25 · Other liabilities

    beginning of year $311,265 · end of year $169,644

  • 27 · Net assets without donor restrictions

    beginning of year $2,426,208 · end of year $2,729,376

  • 28 · Net assets with donor restrictions

    beginning of year $192,785 · end of year $0

Mission and programs · 2023

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 $679,067

As filed on the 2023 return.

Listed in Part VII

  • Angelo Carusone

    PRESIDENT/CHAIR

    Total calculated
    $35,996
    From this org
    $34,400
    From related orgs
    $0
    Other
    $1,596
    Hours/week
    4
  • Michael Meehan

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Bill Titelman

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Karen White

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Pilar Martinez

    CFO

    Total calculated
    $11,526
    From this org
    $11,000
    From related orgs
    $0
    Other
    $526
    Hours/week
    3
  • Cynthia Padera

    COO

    Total calculated
    $30,640
    From this org
    $28,600
    From related orgs
    $0
    Other
    $2,040
    Hours/week
    3
  • Julie Millican

    VICE PRESIDENT

    Total calculated
    $25,097
    From this org
    $22,500
    From related orgs
    $0
    Other
    $2,597
    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
2023
Filed
9 October 2024
IRS schema version
2023v5.1
Source object
202432839349301308

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