Civic Intelligence

Multicultural Media Telecom and Internet Council

990 • Fiscal year 2014 • EIN 52-1880677

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 11, 2015

300 Jericho Quadrangle W Ste 110Jericho, NY 11753

(516) 829-5559

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

21st percentile

0.01x

Higher debt load relative to revenue than 21% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

72nd percentile

14%

Higher net margin than 72% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

93rd percentile

$265,915

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

46th percentile

1.0%

Faster asset growth than 46% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

71%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Up

$1,240,290

Up $11,878 (+1.0%) from 2013

Net Assets

Up

$1,215,331

Up $382,495 (+46%) from 2013

Liabilities

Down

$24,959

Down $370,617 (-94%) from 2013

Revenue

Up

$2,235,199

Up $929,480 (+71%) from 2013

Expenses

Down

$1,928,234

Down $541,665 (-22%) from 2013

Net Income

Up

$306,965

Up $1,471,145 (+126%) from 2013

Historical Trend

Balance Sheet Trend

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,506,584Liabilities 2010: $135,813Net Assets 2010: $5,370,7712010Assets 2011: $2,880,841Liabilities 2011: $88,604Net Assets 2011: $2,792,2372011Assets 2012: $1,652,898Liabilities 2012: $61,400Net Assets 2012: $1,591,4982012Assets 2013: $1,228,412Liabilities 2013: $395,576Net Assets 2013: $832,8362013Assets 2014: $1,240,290Liabilities 2014: $24,959Net Assets 2014: $1,215,3312014Assets 2015: $995,963Liabilities 2015: $372,802Net Assets 2015: $623,1612015Assets 2016: $1,003,704Liabilities 2016: $540,599Net Assets 2016: $463,1052016Assets 2017: $1,064,395Liabilities 2017: $618,575Net Assets 2017: $445,8202017Assets 2018: $928,087Liabilities 2018: $336,293Net Assets 2018: $591,7942018Assets 2019: $1,233,691Liabilities 2019: $598,843Net Assets 2019: $634,8482019Assets 2020: $1,418,382Liabilities 2020: $694,633Net Assets 2020: $723,7492020Assets 2021: $2,287,561Liabilities 2021: $734,349Net Assets 2021: $1,553,2122021Assets 2022: $2,175,293Liabilities 2022: $493,860Net Assets 2022: $1,681,4332022Assets 2023: $1,782,622Liabilities 2023: $30,852Net Assets 2023: $1,751,7702023Assets 2024: $1,854,460Liabilities 2024: $93,507Net Assets 2024: $1,760,9532024

Highlighted filing

2014

Assets$1,240,290
Liabilities$24,959
Net Assets$1,215,331

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0M-$2.0MRevenue 2010: $2,043,571Expenses 2010: $1,380,799Net Income 2010: $662,7722010Expenses 2011: $2,004,6242011Expenses 2012: $2,216,6062012Revenue 2013: $1,305,719Expenses 2013: $2,469,899Net Income 2013: -$1,164,1802013Revenue 2014: $2,235,199Expenses 2014: $1,928,234Net Income 2014: $306,9652014Revenue 2015: $1,359,255Expenses 2015: $2,011,635Net Income 2015: -$652,3802015Revenue 2016: $1,698,932Expenses 2016: $1,911,932Net Income 2016: -$213,0002016Revenue 2017: $2,008,803Expenses 2017: $2,057,324Net Income 2017: -$48,5212017Revenue 2018: $1,545,086Expenses 2018: $1,363,766Net Income 2018: $181,3202018Revenue 2019: $1,313,344Expenses 2019: $1,383,909Net Income 2019: -$70,5652019Revenue 2020: $1,266,067Expenses 2020: $1,117,727Net Income 2020: $148,3402020Revenue 2021: $1,945,838Expenses 2021: $1,243,142Net Income 2021: $702,6962021Revenue 2022: $1,669,642Expenses 2022: $1,448,020Net Income 2022: $221,6222022Revenue 2023: $1,639,421Expenses 2023: $1,455,484Net Income 2023: $183,9372023Revenue 2024: $1,560,307Expenses 2024: $1,635,717Net Income 2024: -$75,4102024

Highlighted filing

2014

Revenue$2,235,199
Expenses$1,928,234
Net Income$306,965
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 11, 2015
Return Version
2014v5.0
Gross Receipts
$2,360,343
Mission and Program Overview

Mission

The council is dedicated to promoting and preserving equal opportunity and civil rights in the mass media, telecommunications and broadband industries.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$889,972$840,358▼ $49,614
Cash and Non-Interest-Bearing Accounts$0$300,880▲ $300,880
Savings and Temporary Cash Investments$42,897$42,904▲ $7
Intangible Assets$255,000$1,000▼ $254,000
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$1,228,412$1,240,290▲ $11,878
Other Assets Total$40,543$55,148▲ $14,605
Liabilities
Other Liabilities$297,922$0▼ $297,922
Accounts Payable and Accrued Expenses$97,654$24,959▼ $72,695
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$395,576$24,959▼ $370,617
Net Assets / Fund Balance
Unrestricted Net Assets$742,836$1,125,331▲ $382,495
Temporarily Rstr Net Assets$90,000$90,000→ $0
Permanently Rstr Net Assets$0$0→ $0
Total Net Assets Fund Balance$832,836$1,215,331▲ $382,495
Total Liabilities and Net Assets / Fund Balance$1,228,412$1,240,290▲ $11,878

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,618$29,618

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$90,000--$30,000$60,000
2013$120,000--$30,000$90,000
2012$120,000---$120,000
2011$120,000---$120,000
2010$120,000---$120,000
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David E HonigPresident Emeritus - F/tFT$253,315$12,600$265,915
Nicol Turner-leeVice Pres and Crpo - F/tFT$169,583$7,188$176,771
Maurita K ColeyVice President and COO- F/tFT$176,038-$176,038
Kim KeenanPresident and CEO-f/tFT$64,423-$64,423

Board Members and Trustees

NameTitle
Henry M RiveraChair Emeritus - P/t
Julia JohnsonChair- P/t
Deborah Taylor TateVice Chair - P/t
Erwin KrasnowVice Chair - P/t
Andrew SchwartzmanDirector - P/t
Deborah LathenDirector - P/t
Everett C ParkerDirector - P/t
Francisco MonteroDirector - P/t
Jannette DatesDirector - P/t
Jeneba Jalloh GhattDirector - P/t
Leo HinderyDirector - P/t
Nicolaine LazarreDirector - P/t
Brent WilkesDirector-p/t
Ari FitzgeraldSecretary- P/t
Ronald JohnsonTreasurer - P/t

Highest Paid Contractors

ContractorServicesLocationCompensation
Grodsky Caporrino Kaufman LLPAccounting/bookkeepi300 JERICHO QUAD STE 110W, Jericho, NY 11753$123,782
Revenue and Support

Revenue Composition

Contributions and Grants
$663,057
Program Service Revenue
$1,559,401
Investment Income
$12,741
Other Revenue
$0
All Other Contributions
$663,057
Change in Net Assets
$306,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,235,199
Revenue Not Reported on Form 990
$-209,009
Total Revenue per Audited Statements
$2,026,190
Total Revenue per Form 990
$2,235,199
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,110,960
Other Expenses$797,451
Professional Fundraising Fees$19,823
Total Fundraising Expense$19,823
Grants and Similar Amounts Paid$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$504,959$158,400-$663,359
Other Salaries and Wages$384,640--$384,640
All Other Expenses$125,124$6,443-$131,567
Fees for Services Accounting-$116,307-$116,307
Insurance$77,978$10,045-$88,023
Payroll Taxes$53,517$9,444-$62,961
Office Expenses$45,086$6,883-$51,969
Other Expenses$34,167--$34,167
Occupancy$33,739--$33,739
Fees for Services Other$23,234--$23,234
Fees for Services Professional Fundraising--$19,823$19,823
Interest-$5,701-$5,701
Total Functional Expenses$1,595,188$313,223$19,823$1,928,234

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,928,234
Total Expenses per Form 990$1,928,234
Total Expenses per Audited Statements$1,643,695
Expenses Not Reported on Form 990$-284,539
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$19,823
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 11

Form provided upon request.

Form 990, Part VI, Line 15

All compensation to ceo and staff reviewed and approved by board of directors.

Form 990, Part VI, Line 19

Governing documents and financial statements are provided upon request.

Filing and Contact Details

Filer

Filer Name
Multicultural Media Telecom and Internet
EIN
52-1880677
In Care Of
% GRODSKY CAPORRINO & KAUFMAN
Phone
5168295559
Address
300 JERICHO QUADRANGLE W STE 110, JERICHO, NY 11753

Signing Officer

Name
Kim Keenan
Title
President/ce0
Phone
5168295559
Signed
2015-11-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kim Keenan President and CEO
Formed
1994
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
15
Employees
17

Preparer

Firm
Grodsky Caporrino & Kaufman Llp
Address
300 JERICHO QUADRANGLE SUITE 110, JERICHO, NY 11753
Preparer
Anthony Graci CPA
Phone
5168295559
Supplemental Narrative

Additional Explanations

Form 990. Part XI, Line 5

Unrealized gain on marketable securities 75,530

Financial Statement Notes

Part V, Line 4

To support civil rights issues concerning minority persons.

Part XI Line 2D

Conference expenses and related fundraising expenses of $284,541 netted with revenue on audited financial statements. ($2 rounding)

Part XII Line 2D

Conference expenses and related fundraising expenses of $284,541 netted with revenue on audited financial statements. ($2) rounding adjustment.

Part X Line 2

Management has determined that the organization does not have any uncertain tax positions that materially impact the financial statements or related disclosures.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt5CHAIR- P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR - P/T
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IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR-P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT EMERITUS - F/T
IRS990/Form990PartVIISectionAGrp/TitleTxt16VICE PRES AND CRPO - F/T
IRS990/Form990PartVIISectionAGrp/TitleTxt17PRESIDENT AND CEO-F/T
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IRS990/ProgramServiceRevenueGrp/Desc3NEW TECHNOLOGY TASKFORCE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21020653
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1320000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21020653
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt419036

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.85$0.09$1.76$1.56$1.64$0.08
2023Summary only. Only limited summary data is available for this year.$1.78$0.03$1.75$1.64$1.46$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.18$0.49$1.68$1.67$1.45$0.22
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.29$0.73$1.55$1.95$1.24$0.70
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.42$0.69$0.72$1.27$1.12$0.15
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.23$0.60$0.63$1.31$1.38$0.07
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.93$0.34$0.59$1.55$1.36$0.18
2017Summary only. Only limited summary data is available for this year.$1.06$0.62$0.45$2.01$2.06$0.05
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.00$0.54$0.46$1.70$1.91$0.21
2015Detailed filing. Detailed filing data is available for this year.$1.00$0.37$0.62$1.36$2.01$0.65
2014Detailed filing. Detailed filing data is available for this year.$1.24$0.02$1.22$2.24$1.93$0.31
2013Detailed filing. Detailed filing data is available for this year.$1.23$0.40$0.83$1.31$2.47$1.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.65$0.06$1.59$2.22
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.88$0.09$2.79$2.00
2010Summary only. Only limited summary data is available for this year.$5.51$0.14$5.37$2.04$1.38$0.66
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2014 filings • 501(c)3 • $1M-$5M nonprofits