Open Media Foundation
- Assets
- $1.9m
- Revenue
- $939.4k
- Investments
- $0.0
- Employees
- 10
- Location
- Denver, CO
- Founding
- 08/2005
- Data as of
- 12/2021
- EIN
- 06-1727461
Organization Overview
Open Media Foundation is located in Denver, CO. The organization was established in 2005. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Open Media Foundation employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Open Media Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Open Media Foundation generated $939.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.1%) each year. All expenses for the organization totaled $877.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OMF IS DEDICATED TO PUTTING THE POWER OF THE MEDIA IN THE HANDS OF THE PEOPLE, ENABLING EVERYONE TO ENGAGE IN THEIR COMMUNITY AND BRING ABOUT THE CHANGE THEY WISH TO SEE IN THE WORLD.WE EMPOWER NONPROFITS, GOVERNMENTS, AND INDIVIDUALS TO SHIFT THE MEDIA CONVERSATION (AND THUS SOCIAL AWARENESS) FROM THE CORPORATE INTERESTS OF OUR COMMERCIAL MEDIA SYSTEM TOWARDS THE HUMAN INTERESTS OF AN OPEN, DIVERSE, ENGAGED PUBLIC. TO ACCOMPLISH OUR MISSION, WE BEGIN WITH PROVIDING AFFORDABLE, HIGH-END MEDIA AND TECHNOLOGY SERVICES. WE FOLLOW UP BY OFFERING TRAINING AND TOOLS THAT ENABLE EVERYONE TO REPRESENT THEIR OWN VOICE IN THE MEDIA CONVERSATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WEB AND DESIGN: OPEN MEDIA FOUNDATION DESIGNS AND DEVELOPS WEBSITES THAT HELP NONPROFIT AND GOVERNMENT ORGANIZATIONS BUILD A STRONGER COMMUNITY AROUND THEIR MISSION. WITH A PROCESS FINE-TUNED OVER HUNDREDS OF PROJECTS IN THE PAST DECADE WE ARE EXPERTS AT CREATING EASY-TO-MAINTAIN SITES THAT PRODUCE REAL-WORLD IMPACT.
VIDEO AND PRODUCTION: OPEN MEDIA FOUNDATION PRODUCES VIDEOS THAT ARE EXPERTLY CRAFTED TO TRANSFORM THE REACH AND IMPACT OF YOUR ORGANIZATION. AS AN INTEGRATED MEDIA AGENCY SPECIALIZING IN NONPROFIT AND PUBLIC SECTOR CLIENTS, WE ENSURE THAT YOU CONNECT WITH YOUR UNIQUE AUDIENCE THROUGH STORIES THAT RESONATE. WITH OMF'S 50% MATCHING GRANT, OUR CLIENTS DON'T HAVE TO COMPROMISE ON QUALITY.WE ARE HERE TO:- PRODUCE HIGH DEFINITION VIDEOS THAT HELP YOU TRAIN, MOTIVATE, RAISE FUNDS AND INCREASE AWARENESS- OPTIMIZE YOUR VIDEOS FOR MAXIMUM IMPACT THROUGH SOCIAL MEDIA, STRATEGIC WEB PLACEMENT, AND LOCAL TV- EXPAND YOUR VOICE BY REACHING NEW AUDIENCES AND INSPIRING THEM TO SUPPORT YOUR MISSION
ACCESS: PUTTING THE POWER OF THE MEDIA IN THE HANDS OF THE COMMUNITY MEANS ENSURING EVERYONE HAS ACCESS TO STATE-OF-THE-ART MEDIA TOOLS AND HIGH-END TECHNOLOGY RESOURCES. TOOLS CAN BE RENTED AT AFFORDABLE RATES FOR COMMERCIAL PROJECTS, OR ACCESSED FREE OF CHARGE FOR NONCOMMERCIAL PROJECTS WITH A DENVER OPEN MEDIA (DOM) MEMBERSHIP.
EDUCATION AND TRAINING: WHETHER YOU ARE LOOKING TO IMPROVE YOUR MULTIMEDIA SKILLS FOR PROFESSIONAL USE OF PERSONAL PROJECTS, OMF HAS THE RIGHT CLASS FOR YOU! OUR UNIQUE APPROACH TO COMMUNITY-BASED EDUCATION EMPHASIZES HANDS-ON COURSES, PRACTICAL SKILLS, AFFORDABLE TUITION, AND SMALL CLASS SIZES. MASTER THE TOOLS YOU NEED TO MAKE AN IMPACT WITH EMERGING MEDIA TECHNOLOGIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Shawcross Executive Director | OfficerTrustee | 40 | $102,470 |
Peter Dibari President | OfficerTrustee | 2 | $0 |
Ronald Otsuka Vice President | OfficerTrustee | 2 | $0 |
Dan Vaughan Secretary | OfficerTrustee | 2 | $0 |
Mark Walker Treasurer | OfficerTrustee | 2 | $0 |
Jared Petsche Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $91,190 |
| All other contributions, gifts, grants, and similar amounts not included above | $39,381 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $130,571 |
| Total Program Service Revenue | $693,949 |
| Investment income | $59,346 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $55,505 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $939,371 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $102,470 |
| Compensation of current officers, directors, key employees. | $9,376 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $415,838 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,515 |
| Payroll taxes | $39,318 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $11,872 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $118,716 |
| Advertising and promotion | $0 |
| Office expenses | $3,341 |
| Information technology | $32,276 |
| Royalties | $0 |
| Occupancy | $42,671 |
| Travel | $4,854 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $11,366 |
| All other expenses | $9,147 |
| Total functional expenses | $877,798 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $166,163 |
| Savings and temporary cash investments | $495,982 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $65,630 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $700,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,368 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $432,358 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,861,501 |
| Accounts payable and accrued expenses | $56,233 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $96,882 |
| Other liabilities | $0 |
| Total liabilities | $153,115 |
| Net assets without donor restrictions | $1,240,255 |
| Net assets with donor restrictions | $468,131 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,861,501 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Open Media Foundation has recieved totaling $62,088.
| Awarding Organization | Amount |
|---|---|
Rose Community Foundation Denver, CO PURPOSE: Open Media Career Engine Hiring Service | $25,000 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $17,088 |
Endowment Analysis
| Beg. Balance | $410,787 |
| Earnings | $25,814 |
| Admin Expense | -$4,243 |
| Ending Balance | $432,358 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wyrulec Company Torrington, WY | $49,058,278 | $20,800,200 |
Tuacahn Center For The Arts Ivins, UT | $34,690,918 | $26,402,780 |
Omaha Performing Arts Society Omaha, NE | $32,168,813 | $11,794,799 |
Bravo Colorado At Vail-Beaver Creek Vail, CO | $12,788,410 | $9,569,156 |
Foundation For Traditional Cultureinc Mesa, AZ | $308,713 | $3,836,447 |
Utah Certified Development Company Ogden, UT | $3,055,296 | $3,200,082 |
Davis Performing Arts Association Centerville, UT | $4,174,799 | $3,299,831 |
Spencer Theater For The Performing Arts Inc Alto, NM | $16,060,098 | $2,857,669 |
Utah Arts Alliance Salt Lake City, UT | $1,603,300 | $1,841,835 |
Arizona Academy Of The Performing Arts Inc Tempe, AZ | $1,249,723 | $1,575,057 |
Culture House Olathe, KS | $1,423,663 | $1,449,924 |
Valley Youth Theatre Phoenix, AZ | $6,747,995 | $6,073,336 |