Civic Intelligence

Massachusetts Media Fund Inc

EIN 83-4616910 • 501(c)3 • Somerville, MA

Profile

The massachusetts media fund dba the boston institute for nonprofit journalism supports the development and production of independent news. Binj achieves its mission by: providing organizational support to community publications; running reporting collaborations and civic engagement initiatives; training promising journalists; and producing bold independent journalism.

519 Somerville Ave 206Somerville, MA 02143

binjonline.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

60th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

62nd percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • <$500k nonprofits • Source year 2024

Net Margin

86th percentile

41%

Higher net margin than 86% of similar nonprofits.

501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

92nd percentile

$42,800

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 14.0% of source-year revenue.

501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

98th percentile

566%

Faster asset growth than 98% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

93rd percentile

129%

Faster revenue growth than 93% of similar nonprofits.

501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets60th percentile

Assets

Up

$147,854

Up $125,652 (+566%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$147,854

Up $125,652 (+566%) from 2023

Operations
Liabilities / Revenue62nd percentileNet Margin86th percentile

Revenue

Up

$306,429

Up $172,760 (+129%) from 2023

Expenses

Down

$180,777

Down $9,242 (-4.9%) from 2023

Net Income

Up

$125,652

Up $182,002 (+323%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth98th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150K$100K$50K$0Assets 2019: $8,232Liabilities 2019: $0Net Assets 2019: $8,2322019Assets 2020: $99,172Liabilities 2020: $0Net Assets 2020: $99,1722020Assets 2021: $25,004Liabilities 2021: $0Net Assets 2021: $25,0042021Assets 2022: $78,672Liabilities 2022: $120Net Assets 2022: $78,5522022Assets 2023: $22,202Liabilities 2023: $0Net Assets 2023: $22,2022023Assets 2024: $147,854Liabilities 2024: $0Net Assets 2024: $147,8542024

Highlighted filing

2024

Assets$147,854
Liabilities$0
Net Assets$147,854
Open 2024 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$400K$300K$200K$100K$0-$100KRevenue 2019: $30,299Expenses 2019: $22,067Net Income 2019: $8,2322019Revenue 2020: $291,507Expenses 2020: $200,859Net Income 2020: $90,6482020Revenue 2021: $150,576Expenses 2021: $226,825Net Income 2021: -$76,2492021Revenue 2022: $148,290Expenses 2022: $94,742Net Income 2022: $53,5482022Revenue 2023: $133,669Expenses 2023: $190,019Net Income 2023: -$56,3502023Revenue 2024: $306,429Expenses 2024: $180,777Net Income 2024: $125,6522024

Highlighted filing

2024

Revenue$306,429
Expenses$180,777
Net Income$125,652
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$147,854
Liabilities
$0
Net assets
$147,854
Revenue
$306,429
Expenses
$180,777
Net income
$125,652
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.48$0.00$1.48$3.06$1.81$1.26
2023Detailed filing. Detailed filing data is available for this year.$0.22$0.00$0.22$1.34$1.90$0.56
2022Detailed filing. Detailed filing data is available for this year.$0.79$0.00$0.79$1.48$0.95$0.54
2021Detailed filing. Detailed filing data is available for this year.$0.25$0.00$0.25$1.51$2.27$0.76
2020Detailed filing. Detailed filing data is available for this year.$0.99$0.00$0.99$2.92$2.01$0.91
2019Detailed filing. Detailed filing data is available for this year.$0.08$0.00$0.08$0.30$0.22$0.08
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$306,429
Mission and Program Overview

Mission

The massachusetts media fund dba the boston institute for nonprofit journalism supports the development and production of independent news. Binj achieves its mission by: providing organizational support to community publications; running reporting collaborations and civic engagement initiatives; training promising journalists; and producing bold independent journalism.

Supports the development and production of independent news.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$20,889$147,426▲ $126,537
Land, Buildings, and Equipment, Net$1,280$395▼ $885
Investments in Publicly Traded Securities$33$33→ $0
Total Assets$22,202$147,854▲ $125,652
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$22,202$147,854▲ $125,652
Total Net Assets Fund Balance$22,202$147,854▲ $125,652
Total Liabilities and Net Assets / Fund Balance$22,202$147,854▲ $125,652

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$395$7,306$7,701
Compensation and Service Providers
Top Officer Pay92nd percentile

Employees

NameTitleBaseTotal
John LoftusDirector$42,800$42,800
Christopher FaraoneDirector$41,600$41,600
Jason PramasTreasurer$41,600$41,600

Board Members and Trustees

NameTitle
Felicia SullivanPresident
G Valentino BallDirector
Garrett QuinnDirector
Kristine PalmeroDirector
Saul TannenbaumDirector
Zakiya AlakeClerk
Revenue and Support

Revenue Composition

Contributions and Grants
$306,429
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$306,429
Change in Net Assets
$125,652
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$126,000
Other Expenses$54,777
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,200$42,800-$126,000
Other Expenses$3,796--$3,796
Travel$3,710--$3,710
All Other Expenses$3,622--$3,622
Fees for Services Accounting-$3,610-$3,610
Office Expenses-$1,868-$1,868
Depreciation Depletion$885--$885
Advertising$647--$647
Total Functional Expenses$132,499$48,278$0$180,777
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“The completed form 990 was reviewed by the president and treasurer and a full copy was provied to the board of directors prior to filing.”

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

“The organization requires any individual serving as a director who is in a position to vote on or influence a particular transaction or business decision in which the individual or his/her family member has a financial interest to: 1. Disclose the conflict to the board prior to any action by the corporation; 2. Not participate in discussion of the transaction or decision; 3. Not be counted in determining the quorum for purposes of the related vote.”

Form 990, Part VI, Section C, Line 19

“The organization's tax filings, governing documents, conflict of interest policy and financial statements are available upon request, on the ma ag website and the tax returns are available on guidestar.”

Filing and Contact Details

Filer

Filer Name
Massachusetts Media Fund Inc
EIN
83-4616910
Phone
6172099511
Address
519 SOMERVILLE AVE 206, SOMERVILLE, MA 02143
Doing Business As
Boston Institute for Nonprofit Journalism

Signing Officer

Name
Jason Pramas
Title
Treasurer
Phone
6174268942
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jason Pramas
Formed
2019
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
6
Employees
0
Volunteers
2

Preparer

Firm
Stone & Company LLC
Address
57 BEDFORD ST STE 225, LEXINGTON, MA 02420
Preparer
Robert Strauss CPA
Phone
7818636300
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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/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 WAS REVIEWED BY THE PRESIDENT AND TREASURER AND A FULL COPY WAS PROVIED TO THE BOARD OF DIRECTORS PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ANY INDIVIDUAL SERVING AS A DIRECTOR WHO IS IN A POSITION TO VOTE ON OR INFLUENCE A PARTICULAR TRANSACTION OR BUSINESS DECISION IN WHICH THE INDIVIDUAL OR HIS/HER FAMILY MEMBER HAS A FINANCIAL INTEREST TO: 1. DISCLOSE THE CONFLICT TO THE BOARD PRIOR TO ANY ACTION BY THE CORPORATION; 2. NOT PARTICIPATE IN DISCUSSION OF THE TRANSACTION OR DECISION; 3. NOT BE COUNTED IN DETERMINING THE QUORUM FOR PURPOSES OF THE RELATED VOTE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S TAX FILINGS, GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST, ON THE MA AG WEBSITE AND THE TAX RETURNS ARE AVAILABLE ON GUIDESTAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt022202
IRS990/TotalAssetsEOYAmt0147854
IRS990/TotalAssetsGrp/BOYAmt022202
IRS990/TotalAssetsGrp/EOYAmt0147854
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0306429
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt048278
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0132499
IRS990/TotalFunctionalExpensesGrp/TotalAmt0180777
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt022202
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0147854
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0132499
IRS990/TotalReportableCompFromOrgAmt0126000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0306429
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt022202
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0147854
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt03710
IRS990/TravelGrp/TotalAmt03710
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0519 SOMERVILLE AVE 206
IRS990/USAddress/CityNm0SOMERVILLE
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd002143
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt06
IRS990/WebsiteAddressTxt0HTTPS://BINJONLINE.COM/
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0JASON PRAMAS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum06174268942
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-11-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MASSACHUSETTS MEDIA FUND INC
ReturnHeader/Filer/BusinessNameControlTxt0MASS
ReturnHeader/Filer/EIN0834616910
ReturnHeader/Filer/PhoneNum06172099511
ReturnHeader/Filer/USAddress/AddressLine1Txt0519 SOMERVILLE AVE 206
ReturnHeader/Filer/USAddress/CityNm0SOMERVILLE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002143
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0833019782
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0STONE & COMPANY LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt057 BEDFORD ST STE 225
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0LEXINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd002420
ReturnHeader/PreparerPersonGrp/PhoneNum07818636300
ReturnHeader/PreparerPersonGrp/PreparationDt02025-11-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT STRAUSS CPA
ReturnHeader/ReturnTs02025-11-13T09:57:16-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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