Overview
What is Media Development Investment Fund Inc?
Media Development Investment Fund Inc, located in New York City, is a nonprofit organization that supports independent news and information organizations in challenging environments. They provide affordable financing and customized training through "program related investments" (PRIs), recycling the returned capital for further investments. The organization maintains a segregated pool of funds and offers technical assistance, including training in digital and transformational technology, to help these media organizations become financially sustainable. (Word count: 94)
Official website here: www.mdif.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Star Rating) from Charity Navigator
Media Development Investment Fund Inc has received a commendable Four-Star rating from Charity Navigator, reflecting a strong performance in accountability and finance. The organization excels in various metrics, achieving a perfect score in areas such as board independence and financial oversight. The high percentage of independent board members and the absence of any material diversion of assets underscore its commitment to transparency and responsible governance.
The organization demonstrates solid financial health with an impressive program expense ratio of 88.65%, ensuring that the majority of funds are directed toward its mission. Additionally, the fundraising efficiency ratio indicates that the organization is effective in minimizing fundraising costs, allowing for more resources to be allocated to programs. With a working capital ratio of 3.16 years, it also appears to have a strong capacity to sustain its operations over the long term.
No significant limitations were noted in the available data, indicating that Media Development Investment Fund Inc operates with a high level of integrity and effectiveness. Overall, the organization stands out as a well-managed nonprofit that prioritizes accountability and financial stewardship.
This AI summary has been generated from information found on Charity Navigator.
Is Media Development Investment Fund Inc legitimate?
Media Development Investment Fund Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Media Development Investment Fund Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $736,888
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,744,328
For more financial information, click here
Official website here: www.mdif.org
What is the mission statement of Media Development Investment Fund Inc?
Media Development Investment Fund Inc (MDIF) is a non-profit organization that offers affordable financing and technical assistance to independent news and information organizations in challenging environments. Through program-related investments (PRIs), MDIF provides loans and equity financing to further its charitable mission. The returned capital is recycled back into the pool for reinvestment. Along with financing, MDIF offers customized training and technical assistance to media organizations at various stages of their business life cycle. Additionally, MDIF trains media organizations in the use of digital and transformational technology to enhance the sustainability of their operations.
Official website here: www.mdif.org
Who is the CEO of Media Development Investment Fund Inc?
Harlan Mandel is the Vice Chair of Media Development Investment Fund Inc. The CEO's salary of Media Development Investment Fund Inc is $285,436 and their total compensation is $371,477.
Official website here: www.mdif.org
What is the revenue of Media Development Investment Fund Inc?
Media Development Investment Fund Inc's revenue in 2022 was $26,183,313.
Official website here: www.mdif.org
Who are the executives of Media Development Investment Fund Inc and what are their salaries?
The average compensation at Media Development Investment Fund Inc during 2022 was $267,786. There are 13 employees and 7 volunteers at Media Development Investment Fund Inc.
Here are 17 key members and their salaries (Media Development Investment Fund Inc's CEO's salary is $285,436 and their total compensation is $371,477):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $285,436
- Related: $0
- Other: $86,041
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $59,771
- Related: $0
- Other: $9,242
- Compensation: $181,287
- Related: $0
- Other: $47,642
- Compensation: $103,758
- Related: $0
- Other: $0
- Compensation: $48,775
- Related: $0
- Other: $18,694
- Compensation: $125,925
- Related: $0
- Other: $11,670
- Compensation: $238,670
- Related: $0
- Other: $0
- Compensation: $169,062
- Related: $0
- Other: $0
- Compensation: $121,310
- Related: $0
- Other: $50,921
- Compensation: $118,981
- Related: $0
- Other: $42,216
Official website here: www.mdif.org
Where can I find the form 990 for Media Development Investment Fund Inc?
Media Development Investment Fund Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mdif.org
Learn more at the official website: www.mdif.org
Mission Statement of Media Development Investment Fund Inc
Media Development Investment Fund Inc, a renowned organization, dedicates itself to providing affordable financing and technical assistance to independent news and information organizations in challenging environments. By doing so, MDIF helps these media entities become financially sustainable.
MDIF's approach to achieving its charitable mission is through what they call "Program Related Investments" (PRIs). These investments come from a segregated pool of funds and provide media organizations with loan and equity financing. Once the invested capital is returned, it is recycled through the pool for reinvestment in other organizations. Alongside the financial support, MDIF offers customized training and technical assistance to media organizations, catering to their unique needs at various stages of the business life cycle.
Moreover, MDIF goes beyond just financial assistance by providing media organizations with expertise in the use of digital and transformational technology. This helps enhance the sustainability of the media organizations and enables them to better serve their communities.
MDIF's commitment to empowering independent news and information organizations extends beyond just financial support. By equipping these organizations with the necessary skills and resources, MDIF plays a crucial role in fostering a vibrant and diverse media landscape.
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Impact
October, 2024
Media Development Investment Fund Inc (MDIF) plays a vital role in supporting independent news and information organizations in challenging environments. By providing loan and equity financing through Program Related Investments (PRIs), MDIF fosters financial sustainability for these media entities. This financing model allows for the return of invested capital to be recycled for future reinvestment, amplifying the impact of each investment.
Beyond financial support, MDIF enhances its impact through customized training and technical assistance tailored to the specific needs of media organizations at different stages of their business life cycles. This includes instruction in the use of digital and transformational technology, equipping these organizations with the tools necessary to adapt and thrive amidst evolving media landscapes.
By addressing both funding and operational challenges, MDIF empowers independent media, ultimately fostering a more diverse and resilient information ecosystem. This contribution is particularly crucial in regions where media faces significant obstacles, enabling organizations to provide essential news and information while promoting transparency and accountability in society.
This information is meant to be a general summary of Media Development Investment Fund Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $107,220
- Program Service Revenue: $3,131,035
- Gross Receipts: $26,183,313
Assets and Liabilities:
- Total Assets: $52,100,631
- Total Liabilities: $16,991,950
- Net Assets: $35,108,681
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PRI CAPITAL GAIN
Revenue
$1,593,802
MANAGEMENT FEES
Revenue
$790,630
PROGRAM RELATED INVESTMENTS
Revenue
$737,639
CONSULTING FEES
Revenue
$8,964
Organization Details
Founding Year
1995
Phone
(212) 807-1304Principal Officer
Harlan Mandel
Main Address
37 WEST 20TH STREET SUITE 804, NEW YORK, NY, 10011
Website
www.mdif.orgNTEE Category
Code: T20 - Philanthropy
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