Civic Intelligence

Ethio 360 Media Inc.

990 • Fiscal year 2021 • EIN 84-2512225

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 11, 2022

Organization ProfileN/A
4201 John Marr DriveAnnandale, VA 22003

(240) 543-0652

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

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

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

36th percentile

0.0%

Higher net margin than 36% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

20th percentile

-18%

Faster asset growth than 20% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

34th percentile

-15%

Faster revenue growth than 34% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$231,299

Down $49,594 (-18%) from 2020

Net Assets

Down

$231,299

Down $49,594 (-18%) from 2020

Liabilities

Flat

$0

Flat from 2020

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin36th percentile

Revenue

Down

$357,623

Down $65,433 (-15%) from 2020

Expenses

Up

$357,567

Up $104,946 (+42%) from 2020

Net Income

Down

$56

Down $170,379 (-100%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth20th percentile

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

$1.0M$500K$0-$500KAssets 2019: $62,037Liabilities 2019: $0Net Assets 2019: $62,0372019Assets 2020: $280,893Liabilities 2020: $0Net Assets 2020: $280,8932020Assets 2021: $231,299Liabilities 2021: $0Net Assets 2021: $231,2992021Assets 2022: $270,805Liabilities 2022: $0Net Assets 2022: $270,8052022Assets 2023: $494,468Liabilities 2023: $0Net Assets 2023: $494,4682023Assets 2024: $181,719Liabilities 2024: $515,390Net Assets 2024: -$333,6712024

Highlighted filing

2021

Assets$231,299
Liabilities$0
Net Assets$231,299
Open 2021 Filing

Operations Trend

Revenue Growth34th percentile

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

$1.0M$500K$0-$500KRevenue 2019: $259,296Expenses 2019: $111,581Net Income 2019: $147,7152019Revenue 2020: $423,056Expenses 2020: $252,621Net Income 2020: $170,4352020Revenue 2021: $357,623Expenses 2021: $357,567Net Income 2021: $562021Revenue 2022: $495,933Expenses 2022: $456,428Net Income 2022: $39,5052022Revenue 2023: $896,321Expenses 2023: $672,658Net Income 2023: $223,6632023Revenue 2024: $181,719Expenses 2024: $515,390Net Income 2024: -$333,6712024

Highlighted filing

2021

Revenue$357,623
Expenses$357,567
Net Income$56
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 11, 2022
Return Version
2021v4.1
Gross Receipts
$357,623
Mission and Program Overview

Mission

Ethio 360 media is an independent media start-up paving the way to provide media outlet to promote free press by covering and delivering politically unbaised news about Ethiopia. Also, it engages and empower the public through investigative journalism.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$231,243$231,299▲ $56
Cash and Non-Interest-Bearing Accounts$230,893$231,093▲ $200
Savings and Temporary Cash Investments$350$206▼ $144
Total Assets$231,243$231,299▲ $56
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Total Net Assets Fund Balance$231,243$231,299▲ $56
Total Liabilities and Net Assets / Fund Balance$231,243$231,299▲ $56
Compensation and Service Providers
Top Officer Pay77th percentile

Board Members and Trustees

NameTitle
-Board Member
-Board Secretary
-CEO
Revenue and Support

Revenue Composition

Contributions and Grants
$34,852
Program Service Revenue
$322,771
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$56
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$357,567
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$40,855$0$0$40,855
Occupancy$26,010$0$0$26,010
Other Expenses$14,218$0$0$14,218
All Other Expenses$6,890$0$0$6,890
Fees for Services Legal$1,563$0$0$1,563
Travel$110$0$0$110
Total Functional Expenses$357,567$0$0$357,567
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
Yes
Audit committee
No
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
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Ethio 360 Media Inc
EIN
84-2512225
Phone
2405430652
Address
4201 JOHN MARR DRIVE, ANNANDALE, VA 22003

Signing Officer

Name
Biruk Babeso
Title
CEO
Phone
2405430652
Signed
2022-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Biruk Babeso
Formed
2019
Legal Domicile
Va
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
5

Preparer

Firm
Remedy Tax Services
Address
6000 Stevenson Ave Ste 303, Alexandria, VA 22304
Preparer
Mahfuz Mummed
Phone
7039550230
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“All governing body have reviewed this document.”

Pt VI, Line 15A

“The board decides on compensation per the by-law. Currently, it is operated by volunteers.”

Pt VI, Line 15B

“The board decides on compensation per the by-law. Currently, it is operated by volunteers.”

Pt VI, Line 19

“Governing body is available to the public via the website or by request.”

Raw XML Appendix324 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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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$231,299
Liabilities
$0
Net assets
$231,299
Revenue
$357,623
Expenses
$357,567
Net income
$56
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.82$5.15$3.34$1.82$5.15$3.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.94$0.00$4.94$8.96$6.73$2.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.71$0.00$2.71$4.96$4.56$0.40
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.00$2.31$3.58$3.58$0.00
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.81$0.00$2.81$4.23$2.53$1.70
2019Summary only. Only limited summary data is available for this year.$0.62$0.00$0.62$2.59$1.12$1.48