1hood Media Academy
- Assets
- $2.0m
- Revenue
- $1.9m
- Investments
- $0.0
- Employees
- 6
- Location
- Pittsburgh, PA
- Founding
- 06/2017
- Data as of
- 12/2021
- EIN
- 81-3871444
Organization Overview
1hood Media Academy is located in Pittsburgh, PA. The organization was established in 2017. According to its NTEE Classification (A40) the organization is classified as: Visual Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, 1hood Media Academy employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. 1hood Media Academy 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, 1hood Media Academy generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 49.6% each year . All expenses for the organization totaled $1.4m during the year ending 12/2021. 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
1HOOD MEDIA ACADEMY IS OUR CORE PROGRAM THAT OFFERS MEDIA LITERACY AND MEDIA CREATION TRAINING. FOR HIGH SCHOOL AGED YOUTH. 1HOOD MEDIA ACADEMY WORKS TO TEACH AND PROVIDES A PLATFORM TO SHOWCASE THEM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
1HOOD MEDIA ACADEMY, INC PRESENTS AND SHOWCASES NEW UNDISCOVERED ARTISTS AND PROVIDES THEM WITH A PLATFORM TO SHOWCASE THEIR GIFTS AND TALENTS. ARTISTS ARE PROVIDED A VENUE, A BUDGET, AND MARKETING SUPPORT AT NO CHARGE. ARTIST ALSO KEEP ALL MONIES THEY MAKE AT THE DOOR IN ORDER TO PROVIDE A SEGUE TO HOSTING THEIR OWN EVENTS. 1HOOD MEDIA ACADEMY, INC IS DEVOTED TO BUILDING LIBERATED COMMUNITIES THROUGH ART, EDUCATION AND SOCIAL JUSTICE. 2021 SAW THE ORGANIZATION WITH AN EXPANDED FOCUS ON MEDIA. THE PROGRAM SUPPORTED A NUMBER OF BLACK WRITERS AND DOCUMENTARIANS IN SPECIFICALLY COVERING WORK AT THE INTERSECTION OF ARTS AND ACTIVISTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jasiri Smith Executive Director | Officer | 65 | $124,160 |
Celeste Smith Vice President | OfficerTrustee | 40 | $76,738 |
Bakari Kitwana Board Member | Trustee | 1 | $16,000 |
Mikhall Pappas Board Member | Trustee | 1 | $0 |
Cornell Jones Board Member | Trustee | 1 | $0 |
Jannah Smith Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $40,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,740,547 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,780,547 |
| Total Program Service Revenue | $73,273 |
| Investment income | $2 |
| 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 | $2,392 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,856,214 |
| 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. | $124,160 |
| Compensation of current officers, directors, key employees. | $12,416 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $226,874 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,162 |
| Payroll taxes | $28,878 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $34,031 |
| Fees for services: Accounting | $114,222 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $335,179 |
| Advertising and promotion | $15,218 |
| Office expenses | $4,501 |
| Information technology | $4,829 |
| Royalties | $0 |
| Occupancy | $48,482 |
| Travel | $33,236 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $6,829 |
| All other expenses | $28,856 |
| Total functional expenses | $1,400,015 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,319,640 |
| Savings and temporary cash investments | $21,773 |
| Pledges and grants receivable | $626,427 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,967,840 |
| Accounts payable and accrued expenses | $27,434 |
| 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 | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,434 |
| Net assets without donor restrictions | $1,340,771 |
| Net assets with donor restrictions | $599,635 |
| 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 | $1,967,840 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that 1hood Media Academy has recieved totaling $487,800.
| Awarding Organization | Amount |
|---|---|
Cherry Avenue Foundation Pittsburgh, PA PURPOSE: SUPPORT OPERATIONS | $216,000 |
Pittsburgh Foundation Pittsburgh, PA PURPOSE: ARTS, CULTURE AND HUMANITIES | $143,800 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $45,000 |
Amalgamated Charitable Foundation Inc Washington, DC PURPOSE: General operating support | $25,000 |
Tides Foundation San Francisco, CA PURPOSE: HEALTHY INDIVIDUALS AND COMMUNITIES | $25,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Painting Industry Insurance Fund Strongsville, OH | $10,051,774 | $13,147,287 |
The American Ceramic Society Inc Westerville, OH | $14,880,081 | $7,163,335 |
Production Industrial Tech Textile & Prof Employees Loc 124 Wlfr Fund Valhalla, NY | $838,103 | $5,998,825 |
Lily Auchincloss Foundation Inc New York, NY | $46,827,043 | $6,935,321 |
Solow Art And Architecture Foundation New York, NY | $241,786,081 | $29,285,009 |
Municipal Art Society Of New York New York, NY | $12,093,728 | $3,370,052 |
The Wildenstein Plattner Institute New York, NY | $1,898,409 | $4,064,152 |
Museum Of Contemporary Art Cleveland Cleveland, OH | $27,997,238 | $2,174,653 |
Drawing Center Inc New York, NY | $11,094,197 | $3,697,448 |
Glass City Academy Toledo, OH | $3,212,958 | $2,938,051 |
Conservation Center For Art And Historic Artifacts Philadelphia, PA | $4,515,696 | $3,186,711 |
Clay Studio Philadelphia, PA | $16,944,971 | $9,873,164 |