Inequality Media FY2024 filing

Tax-deductible

Berkeley, CA501(c)(3)Since 2014Arts & CultureEIN 46-5544528

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To use digital Media for the purpose of educating and engaging the public in topics regarding Inequality and imbalance of power in america.

501(c)(3) charity; gifts are tax-deductible.
68¢ of each $1 spent went to programs.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $779K a year · 34% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
68%
of spending
Fine: 68% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 10% of spending
Looks good: pay to officers and key staff is 10% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
20 mo
of spending, in cash
Looks good: 19.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
16
named funders · $705K
Looks good: 16 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$171K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 8 voting members
Looks good: 7 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.5M
+53% vs prior year
Spent
$1.8M
To programs
68%
Net assets
$2.8M
By yearFY2020–FY2025
Revenue
$2.5M
FY2024▲ +53%
Revenue by fiscal year
FY2020$1.5M
FY2021$1.3M
FY2022$985K
FY2023$1.6M
FY2024$2.5M
FY2025$5.9M
Expenses
$1.8M
FY2024▲ +23%
Expenses by fiscal year
FY2020$797K
FY2021$1.3M
FY2022$1.2M
FY2023$1.4M
FY2024$1.8M
FY2025$2.6M
Net assets
$2.8M
FY2024▲ +35%
Net assets by fiscal year
FY2020$2.1M
FY2021$2.1M
FY2022$1.9M
FY2023$2.1M
FY2024$2.8M
FY2025$6.0M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2015.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

68 cents of each dollar spent went to programs.

Program services 68% · $1.2M Management & general 8% · $136K Fundraising 24% · $433K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation
$120,000Pt VII · Sec A
Finance Dr/T
$48,364Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Chair/Direct
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Heather Kinlaw Lofthouse’s $134K as Exec Dir /President is at the 57th percentile of top reported officer pay among 3924 $1–10M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 7 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Heather Kinlaw Lofthouse$133,874$120,000$142,653$128,535$160,294$145,865
Robert Reich—————$103,834
Dan Davis$87,250—————
Emily Paulos$78,140—————
Michael Lahanas-Calderon$70,668—————
Kyle Parker$63,382—————
Linda Ashfield—$48,364$41,294$25,715$34,433$27,769

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Inequality Media executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates engaging videos to educate the public about economic inequality and power imbalances.

Provided by the organization

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3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

Inequality media (im) produces and distributes educational online videos. We reach millions of people each week with clear, compelling videos and broadcasts about the economy and democracy - and what people can do to put america on a path toward a fairer and more just society.

$1.2Mprogram expense
02

3) build a shared understanding of the importance of a more equal economy and robust democracy. Most of our videos feature former secretary of labor robert reich as well as other public figures. In 2024, we produced over 40 explainer videos, 35 rapid response videos, and 148 short videos, totaling over 267 million views.

Pt IX · col B
03

(continued) "explainer- and rapid-response video topics include wealth inequality, corporate concentration, inflation, the us tax system, the climate crisis, the gender pay gap, voting rights, and economic history. These videos often debunk common myths surrounding these topics.

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 16 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$2.5M
Ln 12
Gifts and grantsLn 1h$2.4M
Investment incomeLn 3$58K
Other incomeLn 4–11$8K
Money outPt IX
$1.8M
Ln 25
Programscol B$1.2M
Managementcol C$136K
Fundraisingcol D$433K
Owns and owesPt X
$2.8M
net assets · Ln 32
Cash and savingsLn 1–2$2.9M
Total assetsLn 16$3.0M
LiabilitiesLn 26$171K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.4M
Government grantsLn 1e$83K
Fees for servicesLn 2g$8K
Investment incomeLn 3$58K
Other incomeLn 4–11$8K
Gains on assetsLn 7−$23
Total revenueLn 12$2.5M
Assets in detailPt X, end of year
CashLn 1$1.5M
SavingsLn 2$1.4M
Cash and savings togetherLn 1–2$2.9M
Total assetsLn 16$3.0M
LiabilitiesLn 26$171K
Net assetsLn 32$2.8M
OperationsPt I, VI
EmployeesI 513
VolunteersI 67
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$2.0M$2.9M
Total assetsLn 16$2.2M$3.0M
LiabilitiesLn 26$99K$171K
Net assetsLn 32$2.1M$2.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$158K$103K$46K$8K
Other salaries and wagesLn 7$396K$327K$52K$16K
Pension plan contributionsLn 8$21K$17K$2K$985
Other employee benefitsLn 9$71K$59K$8K$3K
Payroll taxesLn 10$39K$33K$5K$2K
Legal feesLn 11b$9K$9K
Accounting feesLn 11c$2K$2K
Professional fundraising feesLn 11e$40K$40K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$304K$304K$112
Advertising and promotionLn 12$513K$255K$259K
Office expensesLn 13$160K$52K$5K$102K
OccupancyLn 16$34K$31K$2K$788
Conferences, conventions and meetingsLn 19$12K$12K$113$359
InsuranceLn 23$8K$8K$337$137
Total functional expensesLn 25$1.8M$1.2M$136K$433K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $5.9M$2.6M$3.2M$6.0M 990 PDF
FY2024 Viewing $2.5M$1.8M$712K$2.8M 990 PDF
FY2023 $1.6M$1.4M$187K$2.1M 990 PDF
FY2022 $985K$1.2M−$177K$1.9M 990 PDF
FY2021 $1.3M$1.3M−$15K$2.1M 990 PDF
FY2020 $1.5M$797K$727K$2.1M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $2,482,435 across 8 lines filed
VIII-1e Government grants$82,656
VIII-1f All other contributions, gifts and grants$2,325,851
VIII-1h Total contributions, gifts and grants$2,408,507
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $7,724$7,724
VIII-3 Investment incomeExcluded from tax $58,400$58,400
VIII-7 Net gain or loss on sales of assetsExcluded from tax −$23−$23
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,827$7,827
VIII-12 Total revenueRelated to mission $15,551 · Excluded from tax $58,377$2,482,435
Part IX · Statement of functional expenses $1,770,081 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $103,200 · Management $46,316 · Fundraising $8,400$157,916
IX-7 Other salaries and wagesPrograms $327,426 · Management $51,945 · Fundraising $16,232$395,603
IX-8 Pension plan contributionsPrograms $17,225 · Management $2,414 · Fundraising $985$20,624
IX-9 Other employee benefitsPrograms $59,195 · Management $8,208 · Fundraising $3,395$70,798
IX-10 Payroll taxesPrograms $32,943 · Management $4,616 · Fundraising $1,884$39,443
IX-11b Legal feesManagement $8,866$8,866
IX-11c Accounting feesManagement $1,850$1,850
IX-11e Professional fundraising feesFundraising $40,161$40,161
IX-11f Investment management feesManagement $3,535$3,535
IX-11g Other fees for servicesPrograms $303,833 · Fundraising $112$303,945
IX-12 Advertising and promotionPrograms $254,795 · Fundraising $258,519$513,314
IX-13 Office expensesPrograms $52,422 · Management $5,424 · Fundraising $101,695$159,541
IX-16 OccupancyPrograms $30,955 · Management $2,218 · Fundraising $788$33,961
IX-19 Conferences, conventions and meetingsPrograms $11,803 · Management $113 · Fundraising $359$12,275
IX-23 InsurancePrograms $7,775 · Management $337 · Fundraising $137$8,249
IX-25 Total functional expensesPrograms $1,201,572 · Management $135,842 · Fundraising $432,667$1,770,081
Part X · Balance sheet $2,957,279 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $647,017$1,478,128
X-2 Savings and temporary cash investmentsStart of year $1,390,005$1,426,808
X-9 Prepaid expenses and deferred chargesStart of year $25,175$52,343
X-16 Total assetsStart of year $2,170,171$2,957,279
X-17 Accounts payable and accrued expensesStart of year $70,298$55,826
X-25 Other liabilitiesStart of year $28,609$114,820
X-26 Total liabilitiesStart of year $98,907$170,646
X-27 Net assets without donor restrictionsStart of year $2,071,264$2,786,633
X-32 Total net assets or fund balancesStart of year $2,071,264$2,786,633
X-33 Total liabilities and net assetsStart of year $2,170,171$2,957,279
Part XI · Reconciliation of net assets $2,786,633 net assets at year end
XI-1 Total revenue$2,482,435
XI-2 Total expenses$1,770,081
XI-3 Revenue less expenses$712,354
XI-4 Net assets at start of year$2,071,264
XI-5 Net unrealized gains (losses) on investments$3,014
XI-9 Other changes in net assets$1
XI-10 Net assets at end of year$2,786,633

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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