Perspective Media Initiatives Inc
- Assets
- $11.5m
- Revenue
- $15.8m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 11/2023
- EIN
- 87-4236519
Organization Overview
Perspective Media Initiatives Inc is located in New York, NY. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Perspective Media Initiatives Inc 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 11/2023, Perspective Media Initiatives Inc generated $15.8m in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 20.6% each year . All expenses for the organization totaled $13.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2022, Perspective Media Initiatives Inc has awarded 116 individual grants totaling $16,575,030. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
2023-2025 INF CONVENING SERIES: PROJECT SUPPORT FOR FACILITATOR RESPONSIBLE IN LEADING DEBRIEFS AND REFLECTIONS ON DOCUMENTARY CONVENING SERIES
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jacob Taylor Chief Executive Officer, Board Member | 40 | $10,950 | |
Eliana Kraus Piper Chief Operating Officer | 40 | $254,400 | |
Jennifer Reynoso Board Secretary, Board Member | 1 | $0 | |
Fred Taylor Board Member | 1 | $0 | |
John Taylor Board Member | 1 | $0 | |
Josh Taylor Board Member | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Liblab Llc | 11/29/23 | $115,000 |
Tanya Somanader | 11/29/23 | $75,000 |
Blue Crab Strategies | 11/29/23 | $70,000 |
Arabella Advisors Llc | 11/29/23 | $57,891 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,500,000 |
| Interest on Savings | $342,995 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $15,842,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $308,793 |
| Other employee salaries and wages | $456,801 |
| Pension plans, employee benefits | $264,273 |
| Interest | $0 |
| Taxes | $3,670 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $88,426 |
| Printing and publications | $0 |
| Other expenses | $61,335 |
| Total operating and administrative expenses | $1,689,652 |
| Contributions, gifts, grants paid | $11,482,771 |
| Total expenses and disbursements | $13,172,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,221,269 |
| Savings and temporary cash investments | $9,252,478 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $250 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $65,428 |
| Total assets | $11,539,425 |
| Accounts payable and accrued expenses | $189,965 |
| Grants payable | $3,592,533 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,782,498 |
Grants Awarded
Over the last fiscal year, Perspective Media Initiatives Inc has awarded $11,482,771 in support to 81 organizations.
| Grant Recipient | Amount |
|---|---|
ACCELERATE CHANGE PURPOSE: OPERATING SUPPORT | $250,000 |
AFTERIMAGE PUBLIC MEDIA PURPOSE: PRODUCTION SUPPORT FOR POWER AND LIGHT | $150,000 |
ALLIED MEDIA PROJECTS PURPOSE: UNDOCUMENTED FILMMAKERS COLLECTIVE ($120,000); EMERGENCE MEDIA, REIMAGINE PROJECT SUPPORT: A LEGAL FRAMEWORK FOR COMMUNITY-ACCOUNTABLE MEDIAMAKING ($150,000) | $270,000 |
AMERICAN CINEMA EDITORS EDUCATIONAL CENTER PURPOSE: CORE SUPPORT FOR BLACK, INDIGENOUS, AND PEOPLE OF COLOR (BIPOC) DOC EDITORS PROJECT | $50,000 |
AMERICAN DOCUMENTARY PURPOSE: OPERATING SUPPORT ($75,000); ORGANIZATIONAL EFFECTIVENESS ($11,250) | $86,250 |
AXS LAB PURPOSE: AXS FILM FUND | $20,000 |