Rostov Media Foundation

Tax-deductible

New York, NY501(c)(3)Foundations & GrantmakersEIN 47-3973036Revenue $241K in FY2024

On file with the IRS314 E 3rd St, 10009-7865 · New York, NYTax-exempt since Sep 2015Publicly supported charity — 170(b)(1)(A)(vi)

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501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
Run by 6 volunteers.
Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $63K a year · 23% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.1 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $150K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$375K
×101 of total assets
Concern: liabilities are 10100% of assets; over 80%.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$241K
+12% vs prior year
Spent
$403K
To programs
93%
Net assets
−$372K
By yearFY2020–FY2024
Revenue
$241K
FY2024▲ +12%
Tap a bar for its year
Revenue by fiscal year
FY2020$221K
FY2021$256K
FY2022$443K
FY2023$215K
FY2024$241K
Expenses
$403K
FY2024▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$272K
FY2021$305K
FY2022$443K
FY2023$271K
FY2024$403K
Net assets
−$372K
FY2024▼ -80%
Tap a bar for its year
Net assets by fiscal year
FY2020−$102K
FY2021−$151K
FY2022−$151K
FY2023−$207K
FY2024−$372K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 2015.

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

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $374K Management & general 7% · $28K

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

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Karina Givargisoff’s $42K as President is at the 39th percentile of top reported officer pay among 1265 $100K–1M philanthropy & grantmaking 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.

See Rostov Media Foundation 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 15aNo
  • Loans to or from officersSch L · Pt II1 listed

Programs and updates

Rostov Media Foundation is a public foundation based in New York, NY.

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Provided by the organization

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1 program · $403K · in their own filed words · FY2024
01

Produce Mission Magazine, Print & Digital Work

A philanthropic media brand with each issue devoted to a single social cause. In addition, podcasts and formal discussions are produced and provided to educate the public on various social issues.

$403Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2019
Total grants receivedfrom 1 funder$150K
Grants paid · 1 grant · $10K · 2021–2021

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$241K
Ln 12
Fees for servicesLn 2g$158K
Gifts and grantsLn 1h$81K
Other incomeLn 4–11$2K
Money outPt IX
$403K
Ln 25
Programscol B$374K
Managementcol C$28K
Owns and owesPt X
−$372K
net assets · Ln 32
Cash and savingsLn 1–2$4K
Total assetsLn 16$4K
LiabilitiesLn 26$375K
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81K
Fees for servicesLn 2g$158K
Other incomeLn 4–11$2K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$4K
Cash and savings togetherLn 1–2$4K
Land, buildings, equipmentLn 10c$159
Total assetsLn 16$4K
LiabilitiesLn 26$375K
Net assetsLn 32−$372K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$4K$4K
Land, buildings, equipmentLn 10c$477$159
Total assetsLn 16$5K$4K
LiabilitiesLn 26$212K$375K
Net assetsLn 32−$207K−$372K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$7K$0$7K$0
Other fees for servicesLn 11g$72K$72K$0$0
TravelLn 17$17K$12K$6K$0
InterestLn 20$2K$0$2K$0
Depreciation, depletion and amortizationLn 22$318$0$318$0
Other expenses (24a–d)Ln 24$202K$197K$5K$0
All other expensesLn 24e$102K$93K$9K$0
Total functional expensesLn 25$403K$374K$28K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $241K$403K−$161K−$372K 990 PDF
FY2023 $215K$271K−$56K−$207K 990 PDF
FY2022 $443K$443K−$180−$151K 990 PDF
FY2021 $256K$305K−$49K−$151K 990 PDF
FY2020 $221K$272K−$51K−$102K 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 (6 parts)
Part I · Summary $241,235 revenue, 12 lines filed
I-8 Contributions and grants$81,118
I-9 Program service revenuePrior year $215,072$158,367
I-10 Investment income$0
I-11 Other revenue$1,750
I-12 Total revenuePrior year $215,072$241,235
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $270,650$402,654
I-18 Total expensesPrior year $270,650$402,654
I-19 Revenue less expensesPrior year −$55,578−$161,419
Part VI · Governance 5 of 6 board members independent, 3 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $241,235 across 5 lines filed
VIII-1f All other contributions, gifts and grants$81,118
VIII-1h Total contributions, gifts and grants$81,118
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $0 · Excluded from tax $0$158,367
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $0 · Unrelated business $0 · Excluded from tax $1,750$1,750
VIII-12 Total revenueUnrelated business $0$241,235
Part IX · Statement of functional expenses $402,654 across 7 lines filed
IX-11c Accounting feesPrograms $0 · Management $6,596 · Fundraising $0$6,596
IX-11g Other fees for servicesPrograms $72,400 · Management $0 · Fundraising $0$72,400
IX-17 TravelPrograms $11,612 · Management $5,807 · Fundraising $0$17,419
IX-20 InterestPrograms $0 · Management $1,561 · Fundraising $0$1,561
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $318 · Fundraising $0$318
IX-24 Other expenses (24a–d)Programs $197,482 · Management $4,574 · Fundraising $0$202,056
IX-24e All other expensesPrograms $92,880 · Management $9,424 · Fundraising $0$102,304
IX-25 Total functional expensesPrograms $374,374 · Management $28,280 · Fundraising $0$402,654
Part X · Balance sheet $3,738 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $4,449$3,579
X-10c Land, buildings and equipment, netStart of year $477$159
X-16 Total assetsStart of year $4,926$3,738
X-26 Total liabilitiesStart of year $211,586$375,318
X-27 Net assets without donor restrictionsStart of year −$206,660−$371,580
X-32 Total net assets or fund balancesStart of year −$206,660−$371,580
X-33 Total liabilities and net assetsStart of year $4,926$3,738
Part XI · Reconciliation of net assets −$371,580 net assets at year end
XI-1 Total revenue$241,235
XI-2 Total expenses$402,654
XI-3 Revenue less expenses−$161,419
XI-4 Net assets at start of year−$206,660
XI-8 Prior period adjustments−$3,501
XI-10 Net assets at end of year−$371,580

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

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