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Nonprofiteer
← NEW MEDIA VENTURES

Form 990 for tax year 2024

Filed by NEW MEDIA VENTURES.

Totals

Total revenue
$1,401,790
Total expenses
$2,155,238
Contributions and grants received
$1,401,790
Grants paid
$385,000
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$356,788
Total liabilities, end of year
$11,310
Net assets or fund balances, end of year
$345,478
Program services expenses (Part IX)
$1,718,098
Management and general expenses
$164,509
Fundraising expenses
$272,631
Program service expenses (Part III)
$1,718,098

Program services were 79.7% 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

    $1,401,790

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $385,000 · program services $385,000

  • 5 · Compensation of officers, directors and key employees

    total $637,677 · program services $375,116 · management and general $95,719 · fundraising $166,842

  • 7 · Other salaries and wages

    total $88,521 · program services $35,409 · management and general $22,130 · fundraising $30,982

  • 8 · Pension plan contributions

    total $18,093 · program services $10,132 · management and general $3,076 · fundraising $4,885

  • 9 · Other employee benefits

    total $32,228 · program services $18,048 · management and general $5,478 · fundraising $8,702

  • 10 · Payroll taxes

    total $51,648 · program services $28,923 · management and general $8,780 · fundraising $13,945

  • 11b · Fees: legal

    total $16,322 · program services $9,140 · management and general $2,775 · fundraising $4,407

  • 11g · Fees: other

    total $590,563 · program services $588,074 · management and general $962 · fundraising $1,527

  • 13 · Office expenses

    total $12,679 · program services $7,100 · management and general $2,155 · fundraising $3,424

  • 16 · Occupancy

    total $39,847 · program services $39,290 · management and general $215 · fundraising $342

  • 17 · Travel

    total $163,700 · program services $127,765 · management and general $13,614 · fundraising $22,321

  • 19 · Conferences, conventions and meetings

    total $97,036 · program services $80,998 · management and general $6,197 · fundraising $9,841

  • 23 · Insurance

    total $14,523 · program services $8,133 · management and general $2,469 · fundraising $3,921

  • 24a · Other expenses: SUPPLIES

    total $3,494 · program services $1,957 · management and general $594 · fundraising $943

  • 24b · Other expenses: SUPPLIES - SUMMIT CONFERE

    total $1,875 · program services $1,875

  • 24c · Other expenses: GIFTS GIVEN

    total $1,236 · program services $692 · management and general $210 · fundraising $334

  • 24d · Other expenses: BANK & OTHER SERVICE CHRG

    total $796 · program services $446 · management and general $135 · fundraising $215

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,102,465 · end of year $286,047

  • 7 · Other notes and loans receivable

    end of year $60,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $2,535 · end of year $10,741

  • 17 · Accounts payable and accrued expenses

    beginning of year $6,074 · end of year $11,310

  • 27 · Net assets without donor restrictions

    beginning of year $1,098,926 · end of year $263,473

  • 28 · Net assets with donor restrictions

    end of year $82,005

Mission and programs · 2024

Mission

WE BELIEVE THAT BY CHANGING WHERE CAPITAL IS INVESTED, WE CAN SHIFT THE STRUCTURES OF POWER TO BENEFIT MORE PEOPLE.

  • THEME OF 2024: ADVANCING DEMOCRACY, AMPLIFYING VOICES 2024 WAS A DEFINING YEAR FOR NEW MEDIA VENTURES. IN A MOMENT OF POLITICAL NOISE AND SOCIAL UNCERTAINTY, OUR TEAM NOT ONLY MET THE MOMENT, WE SHAPED IT. WE KICKED OFF THE YEAR WITH AMBITIOUS GOALS, AND BY DECEMBER, NMV HAD DELIVERED ON NEARLY EVERY ONE OF THEM, CHANNELING OUR DEEP BELIEF THAT SOCIAL POWER PLUS POLITICAL POWER EQUALS PEOPLE POWER. THE TENTH NMV SUMMIT WAS OUR BIGGEST PRODUCTION YET: THREE DAYS OF INNOVATION, ENERGY, AND CONNECTION AMONG FOUNDERS, FUNDERS, AND CHANGEMAKERS. WE LAUNCHED THE FIRST-EVER LATINE VOICES FOR DEMOCRACY (LV4D) ACCELERATOR, SUPPORTING TEN LATINE-LED MEDIA ORGANIZATIONS IN SIX CRITICAL STATES TO COMBAT MIS- AND DISINFORMATION WHILE EXPANDING CIVIC ENGAGEMENT. PARTICIPANTS RECEIVED FUNDING, HANDS-ON COACHING, AND TRANSFORMATIVE PARTNERSHIPS WITH NMV PORTFOLIO COMPANIES LIKE INDIEGRAF AND LEGITIMATE. THE OUTCOMES EXPANDED REACH, NEW VOTER GUIDES, STRENGTHENED NEWSROOM CAPACITY, AND REVITALIZED DIGITAL PLATFORMS. THIS ALSO UNDERSCORED THE POWER OF RESOURCING LOCAL, COMMUNITY-ROOTED MEDIA LEADERS. THROUGHOUT THE YEAR, OUR ENTREPRENEURS-IN-RESIDENCE KEPT CONNECTION AT THE HEART OF OUR PORTFOLIO STRATEGY. THEY REIGNITED FOUNDER ENGAGEMENT AND DELIVERED TEN ORIGINAL WEBINARS TACKLING EVERYTHING FROM EQUITY CROWDFUNDING TO FOUNDER WELLNESS, ENSURING OUR PORTFOLIO REMAINED RESILIENT THROUGH AN ELECTION YEAR. NMV SURPASSED OUR LONG-TERM GOAL OF REACHING 150 INVESTMENTS AHEAD OF OUR 15TH ANNIVERSARY, WITH 157 FOUNDERS NOW PART OF OUR GROWING MOVEMENT ECOSYSTEM. IN A YEAR DEFINED BY TRANSITION, NMV REMAINED A CONSTANTA FORCE CHAMPIONING DEMOCRACY, EQUITY, AND THE FUTURE OF MEDIA INNOVATION.

    Expenses $1,718,098 · Grants $385,000

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

Listed in Part VII

  • CARLISSIA GRAHAM

    PRESIDENT &

    Total calculated
    $249,785
    From this org
    $234,911
    From related orgs
    $0
    Other
    $14,874
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $234,911
    Bonus
    not reported
    Other
    not reported
    Deferred
    $6,578
    Nontaxable benefits
    $8,296
    Filer's total
    $249,785

  • JESSICA SALINAS

    CHIEF INVEST

    Total calculated
    $213,010
    From this org
    $199,911
    From related orgs
    $0
    Other
    $13,099
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,911
    Bonus
    not reported
    Other
    not reported
    Deferred
    $5,294
    Nontaxable benefits
    $7,805
    Filer's total
    $213,010

  • PHILLIP SANDERS

    PARTNER

    Total calculated
    $174,882
    From this org
    $162,411
    From related orgs
    $0
    Other
    $12,471
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $162,411
    Bonus
    not reported
    Other
    not reported
    Deferred
    $4,473
    Nontaxable benefits
    $7,998
    Filer's total
    $174,882

  • DAAIYAH BILAL-THREATS

    VICE PRES. &

    Total calculated
    $0
    Hours/week
    1

  • CHERYL CONTEE

    SECRETARY& B

    Total calculated
    $0
    Hours/week
    1

  • NILE JOHNSON

    BOARD

    Total calculated
    $0
    Hours/week
    1

  • DAWN LAGUENS

    BOARD

    Total calculated
    $0
    Hours/week
    1

  • JOHN SCHWARTZ

    CHAIRMAN & B

    Total calculated
    $0
    Hours/week
    1

  • SANDOR STRAUS

    TREASURER AN

    Total calculated
    $0
    Hours/week
    1

  • EDDY MORALES

    BOARD

    Total calculated
    $0
    Hours/week
    1

  • ROSS MORALES ROCKETTO

    BOARD

    Total calculated
    $0
    Hours/week
    1

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 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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

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

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.0
Source object
202513219349327976

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