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FOUNDATION FOR MINORITY INTERESTS IN MEDIA INC

KATONAH, NY · EIN 222635292 · Form 990 · FY2024 · NTEE A30K · Arts, Culture & Humanities · Medium ($1M-$10M)
revenue
$1.6M
expenses
$2.0M
net assets
$3.4M
employees
10
program ratio
86%
mission · from form 990

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.

profile · synthesized from sources

The Foundation for Minority Interests in Media Inc is a nonprofit organization based in New York that focuses on educational and mentoring programs for individuals of color pursuing careers in communications, media, entertainment, and technology. It provides scholarships, work/study opportunities, and career development support to students and early-career professionals. The organization also engages industry leaders through advisory councils to strengthen pathways into the field.

irs program accomplishments · form 990 part iii · fy2024

What they reported doing

  1. #1 primary $95K
    THE FOUNDATION ALSO HAS PROGRAMS GEARED TOWARDS ESTABLISHED PROFESSIONALS IN THE INDURSTY. THE EARLY CAREER LEADERSHIP ("ECL")COACHING PROGRAM EQUIPS YOUNG TALENT IN THE MEDIA, ENTERTAINMENT AND TECHNOLOGY INDUSTRIES WITH TOOLS TO MANAGE THEIR CAREERS, NAVIGATE THE WORLD OF BUSINESS AND DEVELOP THE LEADERSHIP SKILLS THAT ARE NECESSARY TO ACHIEVE THEIR GOALS.
  2. #2 $116K
    TO ENGAGE EXECUTIVES AND LEADERS IN THE FIELD, THE ORGANIZATION HAS ESTABLISHED EBF COUNCILS. THESE ARE DISCIPLINE FOCUSED GROUPS DESIGNED TO GIVE SPACE FOR EBF ADVISORY COUNCIL MEMBERS TO ENGAGE MORE CONSISTENTLY WITH THE EBF COMMUNITY AND STAY REGULARLY INFORMED OF EBF ACTIVITIES. EBF COUNCILS WILL PROVIDE EXECUTIVES AND LEADERS IN THE FIELD WITH AN OPPORTUNITY TO SHARE KNOWLEDGE AND BEST PRACTICES, PROVIDE FEEDBACK ON THE EFFECTIVENESS OF RELEVANT EBF PROGRAMS, STRENGTHEN CONNECTIONS TO PEERS IN THE EBF COMMUNITY, AND HELP EBF BUILD MEANINGFUL PROGRAMMING FOR STUDENTS AND ALUMNI.
named programs · 4 · from sources

What they call their work

EBF Councils
Discipline-focused advisory groups that engage executives and industry leaders to share best practices, provide feedback on programs, and help shape programming for students and alumni.
Early Career Leadership (ECL) Coaching Program
Coaching initiative designed to equip young professionals in media, entertainment, and technology with career management, business navigation, and leadership development tools.
Sponsorship Program Awards
Grants provided to participating employers to partially subsidize the costs of employing student interns.
Student Sponsorship Program
Need-based financial assistance program providing support to students who meet academic and performance requirements, including components for work/study and matching funds.
activities · 3 groups

What they do

financials · form 990 · fy2024
revenue
Total revenue$1.57M
Contributions & grants$1.53M97%
Program service revenue$00%
Investment income$46K3%
Other revenue$0
expenses
Total expenses$2.01M
Program expenses86%
Admin / overhead14%
Fundraising0%
Salaries & benefits$1.38M
Grants paid out$282K
Largest expense lineCompensation
balance sheet
Total assets$3.44M
Cash$829K
Investments$2.56M
Liabilities$25K
Net assets$3.42M
Liquid reserves20.2 mo
4 years on record · 2020–2024 · YoY revenue -21.6%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 3
NameTitleHours/wkCompensation
NIKKI BETHEL CEO 50 $266K
MICHAEL G BARHAM COO 50 $172K
AYIA GOSPODINOVA VP BUSINESS 50 $155K
board members · 4
  • CHRISTOPHER LAMMERS — SECRETARY
  • KATHERINE BARNETT — CHAIRMAN
  • MALCOLM LEVERETT — TREASURER
  • NIIJA KUYKENDALL — VICE CHAIRWO
relationships · 1

Who they work with

  • Participating Employers Partner — Employers that hire student interns and receive grants to partially subsidize employment costs through the Sponsorship Program Awards.
strategies · 2

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.