Civic Intelligence

Multicultural Media Telecom and Internet Council

990 • Fiscal year 2020 • EIN 52-1880677

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

80th percentile

0.49x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

78th percentile

0.55x

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

12%

Higher net margin than 62% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

91st percentile

$210,491

Higher top officer pay than 91% of similar nonprofits.

Top officer pay equals 16.6% of source-year revenue.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

66th percentile

15%

Faster asset growth than 66% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-3.6%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets80th percentile

Assets

Up

$1,418,382

Up $184,691 (+15%) from 2019

Net Assets

Up

$723,749

Up $88,901 (+14%) from 2019

Liabilities

Up

$694,633

Up $95,790 (+16%) from 2019

Revenue And Expenses
Liabilities / Revenue78th percentileNet Margin62nd percentile

Revenue

Down

$1,266,067

Down $47,277 (-3.6%) from 2019

Expenses

Down

$1,117,727

Down $266,182 (-19%) from 2019

Net Income

Up

$148,340

Up $218,905 (+310%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth66th 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

2020

Assets$1,418,382
Liabilities$694,633
Net Assets$723,749
Open 2020 Filing

Operations Trend

Revenue Growth41st 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

2020

Revenue$1,266,067
Expenses$1,117,727
Net Income$148,340
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$1,266,067
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$966,614$907,177▼ $59,437
Pledges and Grants Receivable$210,320$295,023▲ $84,703
Cash and Non-Interest-Bearing Accounts$44,189$202,724▲ $158,535
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$1,233,689$1,418,382▲ $184,693
Other Assets Total$11,566$12,458▲ $892
Liabilities
Other Liabilities$476,726$539,179▲ $62,453
Deferred Revenue$0$100,000▲ $100,000
Accounts Payable and Accrued Expenses$122,117$55,454▼ $66,663
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$598,843$694,633▲ $95,790
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$634,846$723,749▲ $88,903
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$634,846$723,749▲ $88,903
Total Liabilities and Net Assets / Fund Balance$1,233,689$1,418,382▲ $184,693

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$29,618$29,618
Compensation and Service Providers
Top Officer Pay91st percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maurita ColeyFormer President and CEOFT$210,000$491$210,491
David E HonigPresident Emeritus - F/tFT$110,000$14,425$124,425
Rikin N ThakkerEmployeeFT$115,000$6,787$121,787

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 TateVice 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
Revenue and Support

Revenue Composition

Contributions and Grants
$984,152
Program Service Revenue
$247,356
Investment Income
$34,559
Other Revenue
$0
All Other Contributions
$975,152
Change in Net Assets
$148,340

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,266,067
Revenue Not Reported on Form 990
$-59,437
Total Revenue per Audited Statements
$1,206,630
Total Revenue per Form 990
$1,266,067
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$826,177
Other Expenses$291,550
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$511,169$90,206-$601,375
Current Officers, Directors, Trustees, and Key Employees$93,500$16,500$0$110,000
Fees for Services Accounting$76,804$29,659-$106,463
Other Employee Benefits$51,455$9,080-$60,535
Payroll Taxes$46,127$8,140-$54,267
Occupancy$51,423$0-$51,423
Office Expenses$30,495$5,381-$35,876
Interest-$26,178-$26,178
All Other Expenses$15,805$967-$16,772
Insurance$12,328--$12,328
Other Expenses$669$2,765-$3,434
Advertising$480$0-$480
Total Functional Expenses$928,851$188,876$0$1,117,727

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,117,727
Total Expenses per Audited Statements$1,117,727
Total Expenses per Form 990$1,117,727
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$387,244
Ppp Loan$151,935
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 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
Robert E Branson
Title
President and CEO
Phone
5168295559
Signed
2021-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Robert E Branson Pres CEO
Formed
1994
Legal Domicile
Dc
Voting Board Members
15
Independent Board Members
15
Employees
7
Volunteers
13

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.”

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IRS990/Form990PartVIISectionAGrp/PersonNm14BRENT WILKES
IRS990/Form990PartVIISectionAGrp/PersonNm15STEVEN C ROBERTS
IRS990/Form990PartVIISectionAGrp/PersonNm16RODNEY SAMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm17RAUL ALACRON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
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IRS990/Form990PartVIISectionAGrp/TitleTxt0FORMER PRESIDENT AND CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT EMERITUS - F/T
IRS990/Form990PartVIISectionAGrp/TitleTxt2EMPLOYEE
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/FormationYr01994
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IRS990/GamingGrossIncomeAmt00
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt00
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IRS990/InfoInScheduleOPartVIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXInd0X
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IRS990/InsuranceGrp/TotalAmt012328
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IRS990/IntangibleAssetsGrp/EOYAmt01000
IRS990/InterestGrp/ManagementAndGeneralAmt026178
IRS990/InterestGrp/TotalAmt026178
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IRS990/InventoriesForSaleOrUseGrp/EOYAmt00
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt034559
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IRS990/InvestmentsOtherSecuritiesGrp/EOYAmt00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt00
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt0907177
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IRS990/LandBldgEquipCostOrOtherBssAmt029618
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IRS990/LoansFromOfficersDirectorsGrp/EOYAmt00
IRS990/LobbyingActivitiesInd0false
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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt00
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt00
IRS990/NetAssetsOrFundBalancesBOYAmt0634846
IRS990/NetAssetsOrFundBalancesEOYAmt0723749
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt00
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IRS990/OfficeExpensesGrp/ProgramServicesAmt030495
IRS990/OfficeExpensesGrp/TotalAmt035876
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt012458
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt09080
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt051455
IRS990/OtherEmployeeBenefitsGrp/TotalAmt060535
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/ManagementAndGeneralAmt10
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt20
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IRS990/OtherExpensesGrp/ProgramServicesAmt0320
IRS990/OtherExpensesGrp/ProgramServicesAmt15327
IRS990/OtherExpensesGrp/ProgramServicesAmt232949
IRS990/OtherExpensesGrp/ProgramServicesAmt3669
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IRS990/OtherExpensesGrp/TotalAmt15327
IRS990/OtherExpensesGrp/TotalAmt232949
IRS990/OtherExpensesGrp/TotalAmt33434
IRS990/OtherLiabilitiesGrp/BOYAmt0476726
IRS990/OtherLiabilitiesGrp/EOYAmt0539179
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0601375
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IRS990/PayrollTaxesGrp/ProgramServicesAmt046127
IRS990/PayrollTaxesGrp/TotalAmt054267
IRS990/PensionPlanContributionsGrp/TotalAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0Robert E Branson Pres CEO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0813319
IRS990/ProgramServiceRevenueGrp/BusinessCd1813319
IRS990/ProgramServiceRevenueGrp/BusinessCd2813319
IRS990/ProgramServiceRevenueGrp/BusinessCd3813319
IRS990/ProgramServiceRevenueGrp/Desc0ADVOCACY AND POLICY
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION
IRS990/ProgramServiceRevenueGrp/Desc2PERFORMANCE CONTRACT REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3BROKERAGE
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt14750
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2116606
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt30
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt14750
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2116606
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt30
IRS990/ProgSrvcAccomActy2Grp/Desc0MMTC CONVENES CONFERENCES AND SUMMITS TO EDUCATE AND TRAIN SOCIAL JUSTICE ADVOCATES IN ORDER TO ADVANCE DIVERSITY IN THE MEDIA, TELECOMMUNICATION INDUSTRIES AND TECHNOLOGY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0174641

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,418,382
Liabilities
$694,633
Net assets
$723,749
Revenue
$1,266,067
Expenses
$1,117,727
Net income
$148,340
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
2020Detailed filing. Detailed filing data is available for this year.$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