Media for the Public Good Inc

“Moving and hauling: 5,937; insurance: 1855; transportation: 561; office supplies: 416; corporate fees: 195; parts and supplies: 131; contracting: 125; software: 40.”

“Accounts payable: $12,987. Over a period of many years, Marc Sophos, MFPG's founder and executive director, permitted MFPG to use, at no cost, studio equipment and furnishings belonging to him personally. These assets were never transferred to MFPG but rather remained the personal property of Mr. Sophos on long-term loan to MFPG. During the auction in which MFPG's studio equipment and furniture were sold, these personal assets of Mr. Sophos were also sold. The gross amount paid by purchasers for these personal assets was $17,842; the commission paid to the auction house on these personal assets was $4,855; and the resulting net due to Mr. Sophos was therefore $12,987. MFPG was paid by the auction house for all of the assets that were sold -- both those belonging to MFPG and those belonging to Mr. Sophos -- but as of the end of the 2023 tax year, MFPG had not yet reimbursed Mr. Sophos in this amount.”

“Form 990-EZ, Part IV, Column D: Media for the Public Good, Inc., has entered into a deferred compensation agreement with its founder, Marc Sophos, under which Mr. Sophos has agreed to defer his compensation otherwise due from MFPG in consideration of his services to MFPG. Under the deferred compensation agreement, the deferral continues until the earliest of: (i) adoption by the board of directors of a resolution authorizing payment of all or any portion of the deferred compensation; (ii) breach by MFPG of any of its obligations under the deferred compensation agreement, including but not limited to its obligation to continue to employ Mr. Sophos as president and chairman of MFPG; (iii) termination of Mr. Sophos's employment by MFPG for any reason; or (iv) failure of the members of MFPG to continue to elect Mr. Sophos to serve on the board of MFPG. Based on Mr. Sophos's more than 30 years of service to MFPG, the amount of deferred compensation remaining is in excess of $2 million.”