Civic Intelligence

Multicultural Media Telecom and Internet Council

990 • Fiscal year 2019 • EIN 52-1880677

Jan 01, 2019 to Dec 31, 2019 • Filed on Jun 30, 2020

Organization ProfileWWW.MMTCONLINE.ORG

View Organization Page

1250 Connecticut Ave NW 7th FloorWashington, DC 20036

(202) 261-6543

Siviq Scores

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

Liabilities / Assets

81st percentile

0.49x

Higher debt load relative to assets than 81% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Liabilities / Revenue

78th percentile

0.46x

Higher debt load relative to revenue than 78% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Net Margin

26th percentile

-5.4%

Higher net margin than 26% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Top Officer Pay

90th percentile

$210,470

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 16.0% of source-year revenue.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2019

Asset Growth

87th percentile

33%

Faster asset growth than 87% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Revenue Growth

18th percentile

-15%

Faster revenue growth than 18% of similar nonprofits.

2019 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets81st percentile

Assets

Up

$1,233,691

Up $305,604 (+33%) from 2018

Net Assets

Up

$634,848

Up $43,054 (+7.3%) from 2018

Liabilities

Up

$598,843

Up $262,550 (+78%) from 2018

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin26th percentile

Revenue

Down

$1,313,344

Down $231,742 (-15%) from 2018

Expenses

Up

$1,383,909

Up $20,143 (+1.5%) from 2018

Net Income

Down

-$70,565

Down $251,885 (-139%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth87th percentile

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

2019

Assets$1,233,691
Liabilities$598,843
Net Assets$634,848
Open 2019 Filing

Operations Trend

Revenue Growth18th percentile

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

2019

Revenue$1,313,344
Expenses$1,383,909
Net Income-$70,565
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jun 30, 2020
Return Version
2019v5.1
Gross Receipts
$1,313,344
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.

The council is dedicated to promoting and preserving equal opportunity and civil rights in the mass media, tele- communications & broadband industries and closing the digital divide.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$852,997$966,614▲ $113,617
Pledges and Grants Receivable$60,991$210,320▲ $149,329
Cash and Non-Interest-Bearing Accounts$0$44,190▲ $44,190
Intangible Assets$1,000$1,000→ $0
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$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$928,087$1,233,691▲ $305,604
Other Assets Total$13,099$11,567▼ $1,532
Liabilities
Other Liabilities$278,806$476,726▲ $197,920
Accounts Payable and Accrued Expenses$54,555$122,117▲ $67,562
Deferred Revenue$2,932$0▼ $2,932
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$336,293$598,843▲ $262,550
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$591,794$634,848▲ $43,054
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$591,794$634,848▲ $43,054
Total Liabilities and Net Assets / Fund Balance$928,087$1,233,691▲ $305,604

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,618$29,618
Compensation and Service Providers
Top Officer Pay90th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maurita ColeyPresident and CEO- F/tFT$210,000$470$210,470
Rikin N ThakkerEmployeeFT$138,000$9,139$147,139
David E HonigPresident Emeritus - F/tFT$110,000$12,908$122,908

Board Members and Trustees

NameTitle
Dr Ronald JohnsonChair & Treasurer - P/t
Hon Henry M RiveraChair Emeritus - P/t
Erwin KrasnowVice Chair - P/t
Hon Deborah Taylor TaVice Chair - P/t
Andrew SchwartzmanDirector - P/t
Deborah LathenDirector - P/t
Dr Jannette DatesDirector - P/t
Francisco MonteroDirector - P/t
Leo HinderyDirector - P/t
Nicolaine LazarreDirector - P/t
Brent WilkesDirector-p/t
Raul AlacronDirector-p/t
Rodney SampsonDirector-p/t
Steven C RobertsDirector-p/t
Ari Q FitzgeraldSecretary- P/t

Highest Paid Contractors

ContractorServicesLocationCompensation
Grodsky Caporrino Kaufman LLPAcct,tax,bookeeping300 JERICHO QUADRANGLE SUITE 110, Jericho, NY 11753$103,860
Revenue and Support

Revenue Composition

Contributions and Grants
$527,176
Program Service Revenue
$753,387
Investment Income
$32,781
Other Revenue
$0
All Other Contributions
$527,176
Change in Net Assets
$-70,565

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,313,344
Revenue Not Reported on Form 990
$113,617
Total Revenue per Audited Statements
$1,426,961
Total Revenue per Form 990
$1,313,344
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$898,359
Other Expenses$485,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$393,107$69,372-$462,479
Current Officers, Directors, Trustees, and Key Employees$272,000$48,000-$320,000
Fees for Services Accounting$90,063$35,158-$125,221
Occupancy$68,112--$68,112
Payroll Taxes$49,758$8,781-$58,539
Other Employee Benefits$48,740$8,601-$57,341
Office Expenses$31,841$5,618-$37,459
Interest-$29,954-$29,954
All Other Expenses$19,150$1,953-$21,103
Insurance$12,153--$12,153
Other Expenses$139$4,750-$4,889
Advertising$2,391--$2,391
Total Functional Expenses$1,171,722$212,187$0$1,383,909

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,383,909
Total Expenses per Audited Statements$1,383,909
Total Expenses per Form 990$1,383,909
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Margin Loan$400,726
Line of Credit$76,000
Governance and Compliance

Governance Checklist

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

Governance Explanations

Form 990, Part VI, Line 11

“Finance committee reviews the form 990 with the taxpreparer with final approval by the board of directors.”

Form 990, Part VI, Line 15A

“The compensation committee, in consulation with a compensation expert and utilizing comparative data, makes recommendations to the board of directors regarding the compensation of the ceo, executive director and top management officials. The board of directors then makes the final determination based on these recommendations. The decisions are documented in the minutes.”

Form 990, Part VI, Line 19

“Governing documents and financial statements are provided upon request.”

FORM 990, PART VI, LINE 12C

“Officers, directors, trustees and key employees are required to immediately disclose new relationships or activities to determine if there are potential conflicts.”

Form 990, Part VI, Line 15B

“The compensation committee, in consulation with a compensation expert, and utilizing comparative data, makes recommendations to the board of directors regarding the compensation of other officers and key employees. The board of directors then makes the final determination based on these recommendations.”

Filing and Contact Details

Filer

Filer Name
Multicultural Media Telecom & Internet
EIN
52-1880677
In Care Of
% GRODSKY CAPORRINO & KAUFMAN
Phone
2022616543
Address
1250 Connecticut Ave NW 7th Floor, Washington, DC 20036

Signing Officer

Name
Maurita K Coley
Title
President and CEO
Phone
5168295559
Signed
2020-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maurita K Coley Pres CEO
Formed
1994
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
15
Employees
9

Preparer

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

Financial Statement Notes

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.”

Raw XML AppendixShowing 400 of 717 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm16RODNEY SAMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm17RAUL ALACRON
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IRS990/Form990PartVIISectionAGrp/TitleTxt1EMPLOYEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT EMERITUS - F/T
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIR EMERITUS - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt10SECRETARY- P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt11VICE CHAIR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHAIR & TREASURER - P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR-P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR-P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR-P/T
IRS990/Form990PartVIISectionAGrp/TitleTxt17DIRECTOR-P/T
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IRS990/InfoInScheduleOPartXInd0X
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IRS990/InsuranceGrp/ProgramServicesAmt012153
IRS990/InsuranceGrp/TotalAmt012153
IRS990/IntangibleAssetsGrp/BOYAmt01000
IRS990/IntangibleAssetsGrp/EOYAmt01000
IRS990/InterestGrp/ManagementAndGeneralAmt029954
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
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IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0THE COUNCIL IS DEDICATED TO PROMOTING AND PRESERVING EQUAL OPPORTUNITY AND CIVIL RIGHTS IN THE MASS MEDIA, TELECOMMUNICATIONS AND BROADBAND INDUSTRIES.
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IRS990/MoreThan5000KToOrgInd0false
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IRS990/OfficeExpensesGrp/ProgramServicesAmt031841
IRS990/OfficeExpensesGrp/TotalAmt037459
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IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt011567
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08601
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt048740
IRS990/OtherEmployeeBenefitsGrp/TotalAmt057341
IRS990/OtherExpensesGrp/Desc0SUMMIT AND CONFERENCE EXPENSES
IRS990/OtherExpensesGrp/Desc1TRAVEL, CONFERENCES, CONVENT.
IRS990/OtherExpensesGrp/Desc2OUTSIDE SERVICES
IRS990/OtherExpensesGrp/Desc3LICENSES PERMITS & FEES
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IRS990/OtherExpensesGrp/ProgramServicesAmt025560
IRS990/OtherExpensesGrp/ProgramServicesAmt137538
IRS990/OtherExpensesGrp/ProgramServicesAmt2121170
IRS990/OtherExpensesGrp/ProgramServicesAmt3139
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IRS990/OtherExpensesGrp/TotalAmt137538
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IRS990/OtherExpensesGrp/TotalAmt34889
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0393107
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IRS990/ProgramServiceRevenueGrp/Desc0ADVOCACY AND POLICY
IRS990/ProgramServiceRevenueGrp/Desc1LUNCHEON/CONFERENCES
IRS990/ProgramServiceRevenueGrp/Desc2PERFORMANCE CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3MINORITY OWNERSHIP FACILITATION FEES
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1478782
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2236255
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt322350
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt016000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1478782

Document Assets

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,233,691
Liabilities
$598,843
Net assets
$634,848
Revenue
$1,313,344
Expenses
$1,383,909
Net income
-$70,565
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
2019Detailed filing. Detailed filing data is available for this year.$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