Overview
What is Media Impact Funders Inc?
Media Impact Funders Inc, located at 200 West Washington Square 220, Philadelphia, PA 19106, is a knowledge network that supports and encourages a diverse group of philanthropic funders. These funders are dedicated to promoting media that educates, engages, and motivates society. By advancing this field, Media Impact Funders aims to catalyze positive change, leveraging their collective resources and expertise. The organization, with a team of six individuals, serves as a valuable resource, fostering collaboration and innovation in the realm of public interest media funding.
Official website here: www.mediaimpactfunders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star Rating
Media Impact Funders Inc has received a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This rating is based solely on the organization's accountability and finance practices, which are critical for donor trust and transparency. The score highlights strong governance with a fully independent board, a robust audit oversight committee, and comprehensive policies addressing conflicts of interest and whistleblower protections.
The organization demonstrates solid financial management, with a low liabilities to assets ratio of 8.27%, indicating stability. However, the program expense ratio stands at 57.86%, which may suggest room for improvement in how funds are allocated towards direct programming versus administrative costs. This aspect is crucial for potential donors to consider when assessing the nonprofit's efficiency in delivering its mission.
Overall, Media Impact Funders Inc shows commendable practices in governance and financial accountability, but donors might want to inquire further about the balance between expenses and programmatic impact before contributing. This Three-Star rating signals a strong foundation but also highlights areas for potential growth in financial performance.
This AI summary has been generated from information found on Charity Navigator.
Is Media Impact Funders Inc legitimate?
Media Impact Funders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Media Impact Funders 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: $189,133
Professional Fundraising Fees: $0
Other Salaries and Wages: $386,910
For more financial information, click here
Official website here: www.mediaimpactfunders.org
What is the mission statement of Media Impact Funders Inc?
Media Impact Funders Inc serves as a knowledge network, stimulating and accelerating the efforts of various funders who are dedicated to media that educates, engages, and inspires. The organization's mission is to advance the field of media arts and public interest media funding. By bringing together a diverse range of committed funders, Media Impact Funders Inc aims to contribute to the development and growth of media that positively impacts society. Their activities focus on fostering collaboration, sharing knowledge, and providing resources to support the effective use of media for social change.
Official website here: www.mediaimpactfunders.org
Who is the CEO of Media Impact Funders Inc?
Vincent Stehle is the Executive Di of Media Impact Funders Inc.
Official website here: www.mediaimpactfunders.org
What is the revenue of Media Impact Funders Inc?
Media Impact Funders Inc's revenue in 2023 was $1,001,605.
Official website here: www.mediaimpactfunders.org
Who are the executives of Media Impact Funders Inc and what are their salaries?
The average compensation at Media Impact Funders Inc during 2023 was $96,007. There are 6 employees and 14 volunteers at Media Impact Funders Inc.
Here are 15 key members and their salaries:
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Official website here: www.mediaimpactfunders.org
Where can I find the form 990 for Media Impact Funders Inc?
Media Impact Funders Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.mediaimpactfunders.org
Learn more at the official website: www.mediaimpactfunders.org
Mission Statement of Media Impact Funders Inc
Media Impact Funders Inc, as a knowledge network, plays a pivotal role in propelling and stimulating the work of a diverse array of funders who are passionately committed to media that enlightens, engages, and inspires. Their mission is centered around advancing the field of media arts and public interest media funding. By serving as a catalyst, Media Impact Funders Inc aims to amplify the impact of these funders, fostering a collaborative environment where they can share insights, best practices, and resources. Through their efforts, they strive to empower these funders to drive meaningful change in media, ultimately contributing to a more informed, engaged, and inspired society.
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Impact
October, 2024
Media Impact Funders Inc plays a pivotal role in enhancing the landscape of media arts and public interest media funding. By acting as a knowledge network, it brings together a diverse range of funders who are dedicated to supporting media initiatives that inform, engage, and inspire communities. Based in Philadelphia, it serves as a catalyst for collaboration and innovation among funders, helping to advance the field and promote impactful media projects. Through its efforts, Media Impact Funders fosters an environment where quality media can thrive, ultimately leading to greater public engagement and enriched cultural discourse.
This information is meant to be a general summary of Media Impact Funders 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 2023.
- Investment Income: $38
- Program Service Revenue: $72,600
- Gross Receipts: $1,001,605
Assets and Liabilities:
- Total Assets: $1,060,872
- Total Liabilities: $87,891
- Net Assets: $972,981
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TICKET SALES
Revenue
$72,600
Organization Details
Founding Year
2006
Phone
(215) 574-1322Principal Officer
Vincent Stehle
Main Address
200 WEST WASHINGTON SQUARE 220, PHILADELPHIA, PA, 19106
Website
www.mediaimpactfunders.orgNTEE Category
Code: A05 - Arts
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