Foundation For Minority Interests In Media Inc

Organization Overview

Foundation For Minority Interests In Media Inc, operating under the name The Emma Bowen Foundation, is located in New York, NY. The organization was established in 1985. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Emma Bowen Foundation employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Emma Bowen 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, Emma Bowen Foundation generated $2.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE CHIEF OBJECTIVE OF THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA, INC IS TO CONDUCT ACTIVITIES WHICH ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, FOR THE PURPOSE OF EDUCATING AND MENTORING INDIVIDUALS OF COLOR IN THE FIELD OF COMMUNICATIONS LEADING TO EMPLOYMENT OPPORTUNITIES IN THE COMMUNCATIONS INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE FOUNDATION FOR MINORITY INTERESTS IN MEDIA CONDUCTS SEVERAL CONFERENCES DURING THE YEAR, BOTH ON A NATIONAL AND REGIONAL BASIS, GIVING FOUNDATION STUDENTS THE OPPORTUNITY FOR PEER AND EXECUTIVE NETWORKING, PROFESSIONAL DEVELOPMENT AND ACCESS TO INFORMATION ON TRENDS AND ISSUES IN THE MEDIA INDUSTRY.


THE FOUNDATION ASSISTS STUDENTS WITH EDUCATION COSTS THROUGH ITS STUDENT SPONSORSHIP PROGRAM. THIS IS A NEED BASED PROGRAM. IN ADDITION, THE FOUNDATION HAS A WORK/STUDY PROGRAM THAT INCLUDES A MATCHING FUNDS COMPONENT FOR SCHOLARSHIPS. THIS PROGRAM PROVIDES,FINANCIAL ASSISTANCE TO STUDENTS ACTIVELY PARTICIPATING IN THE PROGRAM WHO MEET ACADEMIC AND PERFORMANCE REQUIREMENTS. MATCHING AMOUNTS ARE EQUAL TO THE STUDENT'S SUMMER EARNINGS OR A MAXIMUM CAP DETERMINED BY THEIR SPONSORING COMPANY.


THE PURPOSE OF THE SPONSORSHIP PROGRAM AWARDS ARE TO PROVIDE GRANTS TO PARTICIPATING EMPLOYERS TO PARTIALLY SUBIDIZE COSTS OF EMPLOYING STUDENT INTERNS.


OTHER PROGRAM SERVICES.


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Board, Officers & Key Employees

Name (title)Compensation
Nikki Bethel
CEO
$200,000
Michael G Barham
COO
$128,227
Ayai Gospodinova
VP Business
$113,668
Robert Apter
Treasurer
$0
Niija Kuykendall
Vice Chairwo
$0
Christopher Lammers
Secretary
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $131,508
All other contributions, gifts, grants, and similar amounts not included above$1,975,991
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,107,499
Total Program Service Revenue$0
Investment income $52,219
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,159,718

Grants Recieved

Over the last fiscal year, we have identified 8 grants that Foundation For Minority Interests In Media Inc has recieved totaling $698,793.

Awarding OrganizationAmount
Walter Kaitz Foundation

Washington, DC

PURPOSE: PROMOTE DIVERSITY IN THE CABLE INDUSTRY

$259,100
Democracy Fund Inc

Washington, DC

PURPOSE: GENERAL SUPPORT

$250,000
The Heising-Simons Foundation

Los Altos, CA

PURPOSE: FOR GENERAL SUPPORT

$100,000
National Cable Satellite Corporation

Washington, DC

PURPOSE: GENERAL SUPPORT

$27,000
American Online Giving Foundation Inc

Newark, DE

PURPOSE: GENERAL SUPPORT

$21,593
Ncta-The Internet & Television Association

Washington, DC

PURPOSE: ANNUAL CONTRIBUTION 2021

$20,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$1,843,682
Earnings$221,407
Admin Expense$17,861
Net Contributions$264,000
Ending Balance$2,311,228

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