Foundation For Minority Interests In Media Inc in New York, New York (NY)

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Foundation For Minority Interests In Media Inc
Employer Identification Number (EIN)222635292
Name of OrganizationFoundation For Minority Interests In Media Inc
In Care of NameWilliam J Kaufman Cpa
Address825 Seventh Ave, New York, NY 10019-6014
ActivitiesRadio or television broadcasting
SubsectionCharitable Organization
Ruling Date09/1985
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$1,000,000 to $4,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$2,374,289
Amount of Income$2,861,422
Form 990 Revenue Amount$1,786,471
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Media, Communications Organizations


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Amount of income in 2011: $2,861,422 (it was $2,314,331 in 2010)
Foundation For Minority Interests In Media Inc: 

 $2,861,422
Other organizations performing similar types of work: 

 $2,861,422

Assets in 2011: $2,374,289 (it was $2,536,494 in 2010)
This organization: 

 $2,374,289
Other organizations performing similar types of work: 

 $2,374,289

Financial snapshot ($)

Revenue for 2010

Functional expenses for 2010

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2010)
Total revenue$1,954,997
Contributions, Gifts, Grants and Other Similar Amounts$1,947,982
Program Service Revenue$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$39,641
Income from investment of tax-exempt bond proceeds$0
Royalties$0
Net rental income$0
Net loss from sales of assets other than inventory$-32,626
Gross amount from sales of assets other than inventory (Securities / Other)$326,708 / $0
Less: cost or other basis and sales expenses (Securities / Other)$359,334 / $0
Gain or (loss) (Securities / Other)$-32,626 / $0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$0
Statement of Functional Expenses (for 2010)
Total functional expenses$1,843,893
Compensation of current officers, directors, trustees, and key employees$0
Other salaries and wages$421,547
Payroll taxes$31,901
Professional fundraising services$0
Other$1,390,445
Balance Sheet (for 2010)
Total assets$2,536,494
Total liabilities$63,570
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Other$63,570
Total net assets or fund balances$2,472,924
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Support Schedule for Organizations Described in Section 509(a)(2) (for 2010)
2006 - 2010 Total
Total support$10,074,916
Gifts, grants, contributions, and membership fees received$9,499,736
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources and Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$575,180
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