Overview
What is Foundation For Minority Interests In Media Inc?
Foundation for Minority Interests in Media Inc., commonly known as The Emma Bowen Foundation, is a nonprofit organization located in Katonah, New York. With a mission rooted in charity and education, its primary purpose is to support individuals of color in the communications industry. This is achieved through various activities that promote education, mentorship, and employment opportunities within the field. The organization conducts conferences, both nationally and regionally, providing a platform for networking, professional development, and staying informed about trends and issues in the media industry. With a team of 10 dedicated individuals, The Emma Bowen Foundation empowers minority communities to thrive in the communications sector.
Official website here: www.emmabowenfoundation.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
The Foundation For Minority Interests In Media Inc has achieved a Three-Star rating from Charity Navigator, reflecting a strong emphasis on accountability and financial health. The organization scored particularly well in areas such as board independence, material diversion of assets, and program expense ratio, indicating sound governance and a commitment to its mission. With an impressive program expense ratio of 88.73%, the foundation demonstrates that a significant majority of its funding goes directly towards programs rather than administrative costs.
The board composition is noteworthy, with 100% independent members, which enhances the charity's accountability. The foundation has effectively documented its board meeting minutes and maintains transparency in its operations. Additionally, the organization's liabilities to assets ratio indicates a solid financial standing, allowing for sustainable program funding over the long term.
However, while the financial metrics are strong, the overall rating is derived solely from the Accountability & Finance category. This suggests that there may not be sufficient information on other operational aspects, such as the effectiveness of the programs themselves or the impact of their initiatives. Potential donors may want to seek more insights into these areas to make informed decisions.
This AI summary has been generated from information found on Charity Navigator.
Is Foundation For Minority Interests In Media Inc legitimate?
Foundation For Minority Interests In Media Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Foundation For Minority Interests In Media 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: $490,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $520,670
For more financial information, click here
Official website here: www.emmabowenfoundation.com
What is the mission statement of Foundation For Minority Interests In Media Inc?
The Foundation for Minority Interests in Media Inc. is a charitable and educational organization, operating under Section 501(C)(3) of the Internal Revenue Code. Its primary mission is to educate and mentor individuals of color in the communications field. This is done with the ultimate goal of providing them with employment opportunities within the communications industry. The foundation aims to bridge the gap and promote diversity in the communications sector. Through its activities, it seeks to foster a more inclusive and equitable workforce in this industry.
Official website here: www.emmabowenfoundation.com
Who is the CEO of Foundation For Minority Interests In Media Inc?
Michael G Barham is the Ceo of Foundation For Minority Interests In Media Inc. The CEO's salary of Foundation For Minority Interests In Media Inc is $201,125 and their total compensation is $201,125.
Official website here: www.emmabowenfoundation.com
What is the revenue of Foundation For Minority Interests In Media Inc?
Foundation For Minority Interests In Media Inc's revenue in 2022 was $2,056,480.
Official website here: www.emmabowenfoundation.com
Who are the executives of Foundation For Minority Interests In Media Inc and what are their salaries?
The average compensation at Foundation For Minority Interests In Media Inc during 2022 was $101,166. There are 10 employees at Foundation For Minority Interests In Media Inc.
Here are 7 key members and their salaries (Foundation For Minority Interests In Media Inc's CEO's salary is $201,125 and their total compensation is $201,125):
- Compensation: $201,125
- Related: $0
- Other: $0
- Compensation: $153,125
- Related: $0
- Other: $0
- Compensation: $136,740
- 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
Official website here: www.emmabowenfoundation.com
Where can I find the form 990 for Foundation For Minority Interests In Media Inc?
Foundation For Minority Interests In Media Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.emmabowenfoundation.com
Learn more at the official website: www.emmabowenfoundation.com
Mission Statement of Foundation For Minority Interests In Media Inc
The Foundation for Minority Interests in Media, Inc., as a charitable and educational organization, is dedicated to promoting opportunities in the communications industry for individuals of color. Its mission is to educate and mentor these individuals, ultimately leading them to employment within this field. By conducting activities that adhere to Section 501(C)(3) of the Internal Revenue Code, the Foundation aims to positively impact the diversity of the communications industry.
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Impact
October, 2024
Foundation For Minority Interests In Media Inc significantly influences the representation of people of color in the communications industry. By focusing on education and mentorship, the foundation equips individuals from diverse backgrounds with the skills needed to thrive in a competitive field. Its conferences—held both nationally and regionally—serve as platforms for peer and executive networking, enabling participants to build valuable connections that can lead to employment opportunities.
Through professional development initiatives, the foundation addresses trends and pressing issues in the media landscape, ensuring that its constituents are not only informed but also empowered to contribute meaningfully to the industry. This approach not only promotes diversity but also enriches the media sector with varied perspectives, ultimately enhancing the quality and inclusivity of communication practices.
This information is meant to be a general summary of Foundation For Minority Interests In Media 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: $69,204
- Gross Receipts: $2,465,334
Assets and Liabilities:
- Total Assets: $3,660,149
- Total Liabilities: $102,350
- Net Assets: $3,557,799
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Organization Details
Founding Year
1989
Phone
(917) 626-7488Principal Officer
Michael G Barham
Main Address
C/O MICHAEL BARHAM 42 BEDFORD RD, KATONAH, NY, 10536
Website
www.emmabowenfoundation.comNTEE Category
Code: A30K - Arts
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