Civic Intelligence

Curationist Foundation Inc.

990 • Fiscal year 2021 • EIN 27-4529328

Oct 01, 2020 to Sep 30, 2021 • Filed on Sep 16, 2022

303 W Broad Street No 206Richmond, VA 23220

(703) 623-2612

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

25th percentile

0.02x

Higher debt load relative to assets than 25% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

95th percentile

5.37x

Higher debt load relative to revenue than 95% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

1st percentile

-3790%

Higher net margin than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

60th percentile

$142,920

Higher top officer pay than 60% of similar nonprofits.

Top officer pay equals 468.8% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

89th percentile

50%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

1st percentile

-97%

Faster revenue growth than 1% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$8,367,744

Up $2,801,607 (+50%) from 2020

Net Assets

Up

$8,203,940

Up $2,795,798 (+52%) from 2020

Liabilities

Up

$163,804

Up $5,809 (+3.7%) from 2020

Revenue

Down

$30,489

Down $986,550 (-97%) from 2020

Expenses

Up

$1,186,092

Up $177,379 (+18%) from 2020

Net Income

Down

-$1,155,603

Down $1,163,929 (-13979%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2015: $8,705,679Liabilities 2015: $1,979,917Net Assets 2015: $6,725,7622015Assets 2017: $5,296,776Liabilities 2017: $142,113Net Assets 2017: $5,154,6632017Assets 2018: $5,615,548Liabilities 2018: $25,973Net Assets 2018: $5,589,5752018Assets 2019: $5,525,282Liabilities 2019: $64,585Net Assets 2019: $5,460,6972019Assets 2020: $5,566,137Liabilities 2020: $157,995Net Assets 2020: $5,408,1422020Assets 2021: $8,367,744Liabilities 2021: $163,804Net Assets 2021: $8,203,9402021Assets 2022: $6,414,845Liabilities 2022: $103,684Net Assets 2022: $6,311,1612022Assets 2023: $5,858,851Liabilities 2023: $281,365Net Assets 2023: $5,577,4862023Assets 2024: $6,057,634Liabilities 2024: $196,023Net Assets 2024: $5,861,6112024

Highlighted filing

2021

Assets$8,367,744
Liabilities$163,804
Net Assets$8,203,940

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MRevenue 2015: $5,776,176Expenses 2015: $7,888,977Net Income 2015: -$2,112,8012015Revenue 2017: $1,991,174Expenses 2017: $707,027Net Income 2017: $1,284,1472017Revenue 2018: $1,235,482Expenses 2018: $800,570Net Income 2018: $434,9122018Revenue 2019: $1,002,437Expenses 2019: $1,131,315Net Income 2019: -$128,8782019Revenue 2020: $1,017,039Expenses 2020: $1,008,713Net Income 2020: $8,3262020Revenue 2021: $30,489Expenses 2021: $1,186,092Net Income 2021: -$1,155,6032021Revenue 2022: $30,077Expenses 2022: $1,629,475Net Income 2022: -$1,599,3982022Revenue 2023: $411,468Expenses 2023: $1,515,818Net Income 2023: -$1,104,3502023Revenue 2024: $1,581,317Expenses 2024: $1,620,573Net Income 2024: -$39,2562024

Highlighted filing

2021

Revenue$30,489
Expenses$1,186,092
Net Income-$1,155,603
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Sep 16, 2022
Return Version
2020v4.2
Gross Receipts
$30,489
Mission and Program Overview

Mission

Mhz foundation's mission is to bring global culture and perspective to u.s. Markets via digital programming.

To connect people with global cultural resources and perspectives through open knowledge.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$3,715,181$3,715,181→ $0
Investments in Publicly Traded Securities-$2,900,000-
Savings and Temporary Cash Investments$404,296$1,504,876▲ $1,100,580
Accounts Receivable$1,016,242--
Cash and Non-Interest-Bearing Accounts$375,468$246,687▼ $128,781
Prepaid Expenses and Deferred Charges$5,350$1,000▼ $4,350
Total Assets$5,566,137$8,367,744▲ $2,801,607
Other Assets Total$49,600$0▼ $49,600
Liabilities
Other Liabilities$83,318$83,318→ $0
Accounts Payable and Accrued Expenses$74,677$80,486▲ $5,809
Total Liabilities$157,995$163,804▲ $5,809
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$5,408,142$8,203,940▲ $2,795,798
Total Net Assets Fund Balance$5,408,142$8,203,940▲ $2,795,798
Total Liabilities and Net Assets / Fund Balance$5,566,137$8,367,744▲ $2,801,607

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$3,715,181--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Virginia PoundstoneDirector of Product & Content, CurationistFT$135,000$7,920$142,920
Christian DawsonExecutive DirectorFT$47,775-$47,775
Agnieszka ChalasBoard Member-$2,000-$2,000
Ben HallBoard Member-$2,000-$2,000
Benjamin ReesChair-$2,000-$2,000
Casey ReaBoard Member-$2,000-$2,000
Kevin KarjalaVice Chair-$2,000-$2,000
Manu Samriti ChanderBoard Member-$2,000-$2,000

Highest Paid Contractors

ContractorServicesLocationCompensation
Open-iManagement303 W BROAD STREET SUITE 206, Richmond, VA 23220$351,280
Revenue and Support

Revenue Composition

Contributions and Grants
$29,910
Program Service Revenue
$0
Investment Income
$579
Other Revenue
$0
All Other Contributions
$29,910
Change in Net Assets
$-1,155,603
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$933,038
Salaries, Compensation, and Employee Benefits$228,904
Total Fundraising Expense$228,429
Grants and Similar Amounts Paid$24,150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$37,492$9,373$228,429$275,294
Fees for Services Management$124,331$31,083-$155,414
Other Salaries and Wages$108,000$27,000-$135,000
Current Officers, Directors, Trustees, and Key Employees$61,588$12,272-$73,860
Fees for Services Legal-$30,040-$30,040
Fees for Services Accounting-$25,700-$25,700
Grants to Domestic Orgs$24,150--$24,150
Occupancy$14,220$3,555-$17,775
Information Technology$9,327$2,332-$11,659
Payroll Taxes$8,369$2,092-$10,461
Other Employee Benefits$7,667$1,916-$9,583
Insurance$5,578$1,395-$6,973
Other Expenses$383,384$6,522-$6,522
Travel$4,834$1,209-$6,043
All Other Expenses$3,257$99-$3,356
Office Expenses$125$31-$156
Total Functional Expenses$792,322$165,341$228,429$1,186,092
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Silverthorn FilmsCrozet, VA-Sponsor the 1186 Project$24,150
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Related Parties$83,318
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Open-i advisors serve as consultants and administrators of the daily operations and planning for the mhz foundation. The total paid from mhz foundation to open-i advisors for christian dawson's services in this reporting year was $61,360.

Form 990, Part VI, Section B, Line 11B

Form 990 was prepared by an outside accounting firm and reviewed by the executive director and the chairman of the foundation. A copy of form 990 was distributed to the entire board prior to filing with the irs.

Form 990, Part VI, Section B, Line 12C

The conflict of interest policy is monitored annually. In connection with any actual or possible conflict of interest, an interested person discloses the existence of his or her financial interest and is given the opportunity to disclose all material facts to the directors and members of committees with board delegated powers considering the proposed transaction or arrangement. After disclosure of the financial interest and all material facts, and after any discussion with the interested person, he/she leaves the board or committee meeting while the determination of a conflict of interest is discussed and voted upon. The remaining board or committee members decide if a conflict of interest exists. An interested person may make a presentation at the board or committee meeting, but after such presentation, he/she leaves the meeting during the discussion of, and the vote on, the transaction or arrangement that results in the conflict of interest. The chairperson of the board or committee, if appropriate, appoints a disinterested person or committee to investigate alternatives to the proposed transaction or arrangement. If the board or committee has reasonable cause to believe that a member has failed to disclose actual or possible conflicts of interest, it informs the member of the basis for such belief and affords the member an opportunity to explain the alleged failure to disclose.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Mhz Foundation
EIN
27-4529328
Phone
7036232612
Address
303 W BROAD STREET NO 206, RICHMOND, VA 23220

Signing Officer

Name
Christian Dawson
Title
Executive Director
Phone
7036232612
Signed
2022-09-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Christian Dawson
Formed
2010
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
1
Volunteers
0

Preparer

Firm
Trimnerbeckham Pllc
Address
1750 TYSONS BLVD SUITE 1500, MCLEAN, VA 22102
Preparer
David Trimner
Phone
7036631756
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Freelancers: program service expenses 37,492. Management and general expenses 9,373. Fundraising expenses 0. Total expenses 46,865. Grant generation: program service expenses 0. Management and general expenses 0. Fundraising expenses 77,072. Total expenses 77,072. Sponsorship generation: program service expenses 0. Management and general expenses 0. Fundraising expenses 146,257. Total expenses 146,257. Sponsorship strategy: program service expenses 0. Management and general expenses 0. Fundraising expenses 5,100. Total expenses 5,100.

FORM 990, PART XI, LINE 9:

Transfer from related organization 4,000,000.

Financial Statement Notes

PART X, LINE 2:

The company has no uncertain tax positions that qualify for either recognition or disclosure in the financial statements and no interest and penalties have been recorded in the accompanying financial statements related to uncertain tax positions.

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IRS990/Desc0WE SUCCESSFULLY LAUNCHED OUR BETA CURATIONIST PLATFORM IN THE SPRING OF 2019 AT THE CREATIVE COMMONS SUMMIT IN LISBON, PORTUGAL, AND OUR EFFORTS OVER THE PAST YEAR HAVE BEEN DEDICATED TO COMMUNITY-BUILDING AND BRINGING OUR PLATFORM TO A FULLY FUNCTIONING 2.0 VERSION.WE HAVE SPENT THE LAST TWO YEARS LEARNING HOW TO BUILD A PLATFORM WHERE PEOPLE WILL FIND JOY EXPLORING WORLD CULTURES FROM ANY INTERNET-CONNECTED DEVICE. OUR WORK HAS ALWAYS BEEN TO BUILD TOOLS FOR TRANSFORMATIVE DIGITAL ENGAGEMENT, AND THE EVENTS OF 2020 AND 2021 AFFIRM THE NEED FOR WHAT WE ARE CREATING. IN 2022, WE LAUNCH A COMPLETELY REBUILT VERSION OF MHZ CURATIONIST INTO THE WORLD.
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IRS990/OtherExpensesGrp/TotalAmt110722
IRS990/OtherExpensesGrp/TotalAmt26522
IRS990/OtherLiabilitiesGrp/BOYAmt083318
IRS990/OtherLiabilitiesGrp/EOYAmt083318
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt027000
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0108000
IRS990/OtherSalariesAndWagesGrp/TotalAmt0135000
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02092
IRS990/PayrollTaxesGrp/ProgramServicesAmt08369
IRS990/PayrollTaxesGrp/TotalAmt010461
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05350
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01000
IRS990/PrincipalOfficerNm0CHRISTIAN DAWSON
IRS990/PriorPeriodAdjustmentsAmt0-48599
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt015416
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt01000381
IRS990/PYOtherExpensesAmt0855301
IRS990/PYOtherRevenueAmt01242
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt08326
IRS990/PYSalariesCompEmpBnftPaidAmt0153412
IRS990/PYTotalExpensesAmt01008713
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01017039
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1155603
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0404296
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01504876
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt029910
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt015416
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt034
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt045422
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0579
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0381
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt02312
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05278
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt06000
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt014550
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt04215305
IRS990ScheduleA/InvestmentIncomePYPct00.01830
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt01242
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt0102
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01344
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.45460
IRS990ScheduleA/PublicSupportPY170Pct00.10080
IRS990ScheduleA/PublicSupportPY509Pct00.10080
IRS990ScheduleA/PublicSupportTotal170Amt027874
IRS990ScheduleA/SubstantialContributorsTotAmt017548
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt029910
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt015416
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt023
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt034
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt039
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt045422
IRS990ScheduleA/TotalSupportAmt061316
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt03715181
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT IN NVPTV INVESTMENT HOLDINGS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt083318
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO RELATED PARTIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS NO UNCERTAIN TAX POSITIONS THAT QUALIFY FOR EITHER RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS AND NO INTEREST AND PENALTIES HAVE BEEN RECORDED IN THE ACCOMPANYING FINANCIAL STATEMENTS RELATED TO UNCERTAIN TAX POSITIONS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt03715181
IRS990ScheduleD/TotalLiabilityAmt083318
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt024150
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SPONSOR THE 1186 PROJECT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0SILVERTHORN FILMS
IRS990ScheduleI/RecipientTable/RecipientEIN0541975863
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt05855 ST GEORGE AVENUE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0CROZET
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0VA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd022932
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0BOOK
IRS990ScheduleI/Total501c3OrgCnt00
IRS990ScheduleI/TotalOtherOrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OPEN-I ADVISORS SERVE AS CONSULTANTS AND ADMINISTRATORS OF THE DAILY OPERATIONS AND PLANNING FOR THE MHZ FOUNDATION. THE TOTAL PAID FROM MHZ FOUNDATION TO OPEN-I ADVISORS FOR CHRISTIAN DAWSON'S SERVICES IN THIS REPORTING YEAR WAS $61,360.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1FORM 990 WAS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE EXECUTIVE DIRECTOR AND THE CHAIRMAN OF THE FOUNDATION. A COPY OF FORM 990 WAS DISTRIBUTED TO THE ENTIRE BOARD PRIOR TO FILING WITH THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE CONFLICT OF INTEREST POLICY IS MONITORED ANNUALLY. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON DISCLOSES THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND IS GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE LEAVES THE BOARD OR COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS DECIDE IF A CONFLICT OF INTEREST EXISTS. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE LEAVES THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. THE CHAIRPERSON OF THE BOARD OR COMMITTEE, IF APPROPRIATE, APPOINTS A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. IF THE BOARD OR COMMITTEE HAS REASONABLE CAUSE TO BELIEVE THAT A MEMBER HAS FAILED TO DISCLOSE ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, IT INFORMS THE MEMBER OF THE BASIS FOR SUCH BELIEF AND AFFORDS THE MEMBER AN OPPORTUNITY TO EXPLAIN THE ALLEGED FAILURE TO DISCLOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4FREELANCERS: PROGRAM SERVICE EXPENSES 37,492. MANAGEMENT AND GENERAL EXPENSES 9,373. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 46,865. GRANT GENERATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 77,072. TOTAL EXPENSES 77,072. SPONSORSHIP GENERATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 146,257. TOTAL EXPENSES 146,257. SPONSORSHIP STRATEGY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 5,100. TOTAL EXPENSES 5,100.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TRANSFER FROM RELATED ORGANIZATION 4,000,000.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9:
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0MHZ FOUNDATION
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EIN0475213327
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/EntityTypeTxt0C
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/PrimaryActivitiesTxt0INVESTMENT HOLDING
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/RelatedOrganizationName/BusinessNameLine1Txt0NVPTV INVESTMENT HOLDING CORP
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfEOYAssetsAmt01403095
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ShareOfTotalIncomeAmt0707330
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/AddressLine1Txt0303 W BROAD STREET SUITE 206
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/CityNm0RICHMOND
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/USAddress/ZIPCd023220
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0NVPTV INVESTMENT HOLDING CORP
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0474541629
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0VA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct01.00000
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PredominantIncomeTypeTxt0RELATED
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0DIGITAL MEDIA DISTRIBUTION AND SALES
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/RelatedOrganizationName/BusinessNameLine1Txt0MHZ NETWORKS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfEOYAssetsAmt027051962
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/ShareOfTotalIncomeAmt010408366
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/AddressLine1Txt02750 PROSPERITY AVENUE SUITE 430
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/CityNm0FALLS CHURCH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/StateAbbreviationCd0VA
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/USAddress/ZIPCd022031
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd01
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt083318
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt14000000
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1FMV
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MHZ NETWORKS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MHZ NETWORKS LLC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0D

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