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Nonprofiteer
← CHICAGO MEDIA PROJECT

Form 990 for tax year 2022

Filed by CHICAGO MEDIA PROJECT.

Totals

Total revenue
$703,723
Total expenses
$1,221,034
Contributions and grants received
$652,023
Grants paid
$233,982
Program service revenue
$11,949
Investment income
$39,751
Other revenue
$0
Total assets, end of year
$318,376
Total liabilities, end of year
$1,007,166
Net assets or fund balances, end of year
-$688,790
Program services expenses (Part IX)
$842,276
Management and general expenses
$377,878
Fundraising expenses
$880
Program service expenses (Part III)
$842,276

Program services were 69.0% 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

    $652,023

  • 2a · Program service revenue: PROGRAM AND EVENTS

    total $11,949 · related or exempt $11,949

  • 3 · Investment income

    total $6,676 · excluded $6,676

  • 7a · Gross sales of assets other than inventory

    securities $985,838

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

    securities $952,763

  • 7c · Gain or loss

    securities $33,075

  • 7d · Net gain or loss

    total $33,075 · excluded $33,075

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $210,568 · program services $210,568

  • 2 · Grants to domestic individuals

    total $23,414 · program services $23,414

  • 5 · Compensation of officers, directors and key employees

    total $327,826 · program services $294,503 · management and general $33,323

  • 7 · Other salaries and wages

    total $103,533 · program services $10,354 · management and general $93,179

  • 8 · Pension plan contributions

    total $2,402 · program services $732 · management and general $1,670

  • 9 · Other employee benefits

    total $17,986 · program services $1,621 · management and general $16,365

  • 10 · Payroll taxes

    total $31,631 · program services $21,487 · management and general $10,144

  • 11a · Fees: management

    total $71,507 · program services $36,507 · management and general $35,000

  • 11b · Fees: legal

    total $1,150 · management and general $1,150

  • 11c · Fees: accounting

    total $41,450 · management and general $41,450

  • 11e · Fees: professional fundraising services

    total $880 · fundraising $880

  • 11g · Fees: other

    total $67,348 · program services $53,098 · management and general $14,250

  • 12 · Advertising and promotion

    total $45,114 · program services $30,647 · management and general $14,467

  • 13 · Office expenses

    total $12,959 · management and general $12,959

  • 14 · Information technology

    total $16,771 · management and general $16,771

  • 16 · Occupancy

    total $41,768 · program services $28,402 · management and general $13,366

  • 17 · Travel

    total $106,842 · program services $55,797 · management and general $51,045

  • 20 · Interest

    total $16,242 · management and general $16,242

  • 22 · Depreciation, depletion and amortization

    total $1,071 · management and general $1,071

  • 23 · Insurance

    total $4,884 · management and general $4,884

  • 24a · Other expenses: COMM EVNT: EVENT EXP

    total $19,207 · program services $19,207

  • 24b · Other expenses: COMM EVNT: CATERING

    total $18,273 · program services $18,273

  • 24c · Other expenses: MEMB EVNT: PROGRAM COST

    total $16,427 · program services $16,427

  • 24d · Other expenses: COMM EVNT: PROGRAM COST

    total $11,610 · program services $11,610

  • 24e · All other expenses

    total $10,171 · program services $9,629 · management and general $542

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $127,775 · end of year $5,945

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

    $5,702

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

    $1,071

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $4,631

  • 11 · Investments: publicly traded securities

    beginning of year $1,023,625

  • 13 · Investments: program-related

    beginning of year $37,594 · end of year $38,774

  • 15 · Other assets

    beginning of year $0 · end of year $269,026

  • 17 · Accounts payable and accrued expenses

    beginning of year $47,107 · end of year $62,741

  • 23 · Secured mortgages and notes payable

    beginning of year $542,005 · end of year $459,700

  • 25 · Other liabilities

    beginning of year $693,823 · end of year $484,725

  • 27 · Net assets without donor restrictions

    beginning of year -$443,941 · end of year -$688,790

  • 28 · Net assets with donor restrictions

    beginning of year $350,000 · end of year $0

Mission and programs · 2022

Mission

TO IMPACT SOCIETY THROUGH THE POWERFUL TOOLS OF MEDIA AND FILM. WE ARE A RESOURCE FOR UNITING INDIVIDUALS INTERESTED IN MEDIA AND DEVELOPING A CORE GROUP OF INFORMED CITIZENS.

  • COMMUNITY EVENTS - CMP CURATES THE BEST NONFICTION MEDIA AND BRINGS IT TO CHICAGO AND BEYOND - THROUGH OUR PARTNERS IN ADVOCACY SCREENINGS, OUR DOC 10 FILM FESTIVAL AND OUR DOC 5 FILM FESTIVAL.

    Expenses $247,820 · Grants $17,466 · Revenue $2,629

  • WE PROVIDE EXCLUSIVE HIGH-QUALITY CONTENT FROM THE IMPACT MEDIA LANDSCAPE AND IN-DEPTH, BEHIND-THE-SCENES ACCESS TO FILMS, FILMMAKERS AND PROGRAMMERS TO OUR MEMBERS IN A SOCIAL SETTING.

    Expenses $377,940

  • FILM FUNDING - CMP'S IMPACT GRANT FUND PROVIDES DIRECT SUPPORT TO FILMMAKERS IN THREE MAJOR AREAS: EARLY STAGE FUNDING, FILMMAKER SUSTAINABILITY, AND INNOVATION IN OUTREACH.

    Expenses $216,516 · Grants $216,516 · Revenue $9,320

As filed on the 2022 return.

Listed in Part VII

  • STEVEN COHEN

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    20

  • PAULA FROEHLE

    CEO

    Total calculated
    $221,858
    From this org
    $206,194
    From related orgs
    $0
    Other
    $15,664
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,194
    Bonus
    $10,000
    Other
    $0
    Deferred
    $4,872
    Nontaxable benefits
    $10,792
    Filer's total
    $221,858

  • DANIEL O ASH

    DIRECTOR - AS OF 06/22

    Total calculated
    $0
    Hours/week
    2

  • DEBORAH DANSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • VICKI HEYMAN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ERIKA KELTON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BEN O'KEEFE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DOUGLAS PATINKIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • KEN PELLETIER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANDREW SCHWERTFEGER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ELENA VALENTINE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • JUDY WISE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SAMANTHA VERHEY

    COS AND DIR. OF MEM. RELATIONS

    Total calculated
    $105,968
    From this org
    $103,499
    From related orgs
    $0
    Other
    $2,469
    Hours/week
    40

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 · Form 990 of other organizations
  • 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)

SCHEDULE J, PART II
ALL OF THE EMPLOYEES RECEIVED AN END OF YEAR NON-FIXED DISCRETIONARY BONUS ON DECEMBER 30, 2022. ALL BONUSES WERE PAID UPON MANAGEMENT'S APPROVAL AND NO ACCRUAL WAS NECESSARY.

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2022
Filed
26 October 2023
IRS schema version
2022v5.0
Source object
202313059349301886

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

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