Media Matters Action Network

Washington, DCUnknown exempt organization EIN 77-0646754Revenue $3.9M in FY2024

On file with the IRSmediamattersaction.orgPo Box 44811 · Washington, DC

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What claiming does How does your 990 look to donors? Take the 10-Question Audit

See part III, line 1.

95¢ of each $1 spent went to programs.
Run by 2 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
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
4 of 5
filings with a surplus
Average surplus $85K a year · 5% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$93K
to officers and key staff · 2% of spending
Looks good: pay to officers and key staff is 2% of spending; 15% or less.
Pt VII · Sec A
2 mo
of spending, in cash
Fine: 1.9 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $1.8M
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$45K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$3.9M
+328% vs prior year
Spent
$5.3M
To programs
95%
Net assets
$1.3M
By yearFY2020–FY2024
Revenue
$3.9M
FY2024▲ +328%
Tap a bar for its year
Revenue by fiscal year
FY2020$616K
FY2021$1.0M
FY2022$1.3M
FY2023$916K
FY2024$3.9M
Expenses
$5.3M
FY2024▲ +537%
Tap a bar for its year
Expenses by fiscal year
FY2020$207K
FY2021$318K
FY2022$616K
FY2023$838K
FY2024$5.3M
Net assets
$1.3M
FY2024▼ -51%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$2.6M
FY2023$2.7M
FY2024$1.3M

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $5.1M Management & general 2% · $85K Fundraising 3% · $158K

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

7 people listed on the 990; $93K paid to officers and key staff.

Part VII, Section A · reportable compensation
President\chairman
$33,325Pt VII · Sec A
$26,679Pt VII · Sec A
Vice President
$19,938Pt VII · Sec A
$12,766Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Angelo Carusone$33,325$34,400$21,500$24,000$14,600
Cynthia Padera$26,679$28,600———
Julie Millican$19,938$22,500———
David Brock——$13,621$15,500$14,740
Pilar Martinez$12,766$11,000$11,750$13,207$11,050

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 Media Matters Action Network 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

Programs and updates

Media Matters Action Network is a nonprofit organization based in Washington, DC.

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2024
01

Media matters action network serves as the center of activism reports to monitor, analyze and correct conservative misinformation in the media.

$5.1Mprogram 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 · FY2024
Total grants receivedfrom 2 funders$1.8M
Grants paid · 3 grants · $4.3M · 2024–2024
America Votes Action FundFY2024$2,250,000
Democracy Matters FoundationDC · FY2024$1,250,000
Media Matters for AmericaDC · FY2024$850,000

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$3.9M
Ln 12
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$18K
Money outPt IX
$5.3M
Ln 25
Programscol B$5.1M
Managementcol C$85K
Fundraisingcol D$158K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$864K
Total assetsLn 16$1.4M
LiabilitiesLn 26$45K
PeoplePt VI, VII
7
listed · VII A
PaidVII A4
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$3.9M
Investment incomeLn 3$18K
Gains on assetsLn 7$20
Total revenueLn 12$3.9M
Assets in detailPt X, end of year
CashLn 1$858K
SavingsLn 2$5K
Cash and savings togetherLn 1–2$864K
InvestmentsLn 11–13$526K
Total assetsLn 16$1.4M
LiabilitiesLn 26$45K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
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$2.4M$864K
InvestmentsLn 11–13$472K$526K
Total assetsLn 16$2.9M$1.4M
LiabilitiesLn 26$170K$45K
Net assetsLn 32$2.7M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4.3M$4.3M
Pay of current officers, directors and key staffLn 5$99K$87K$12K
Other salaries and wagesLn 7$340K$299K$41K
Pension plan contributionsLn 8$10K$9K$1K
Other employee benefitsLn 9$38K$33K$5K
Payroll taxesLn 10$32K$28K$4K
Legal feesLn 11b$217$217
Accounting feesLn 11c$24K$21K$3K
Professional fundraising feesLn 11e$156K$156K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$9K$9K
Office expensesLn 13$6K$2K$2K$1K
InsuranceLn 23$6K$3K$3K
Other expenses (24a–d)Ln 24$262K$252K$10K
Total functional expensesLn 25$5.3M$5.1M$85K$158K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $3.9M$5.3M−$1.4M$1.3M 990 PDF
FY2023 $916K$838K$78K$2.7M 990 PDF
FY2022 $1.3M$616K$650K$2.6M 990 PDF
FY2021 $1.0M$318K$704K$2.0M 990 PDF
FY2020 $616K$207K$409K$1.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $3,917,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $900,448$3,900,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $15,468$17,836
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $915,916$3,917,836
I-13 Grants and similar amounts paidPrior year $0$4,350,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $571,199$519,269
I-16a Professional fundraising feesPrior year $112,500$156,250
I-17 Other expensesPrior year $154,099$310,350
I-18 Total expensesPrior year $837,798$5,335,869
I-19 Revenue less expensesPrior year $78,118−$1,418,033
Part VI · Governance 3 of 4 board members independent, 1 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
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
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $3,917,836 across 5 lines filed
VIII-1f All other contributions, gifts and grants$3,900,000
VIII-1h Total contributions, gifts and grants$3,900,000
VIII-3 Investment incomeExcluded from tax $17,816$17,816
VIII-7 Net gain or loss on sales of assetsExcluded from tax $20$20
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $17,836$3,917,836
Part IX · Statement of functional expenses $5,335,869 across 14 lines filed
IX-1 Grants to domestic organizationsPrograms $4,350,000$4,350,000
IX-5 Pay of current officers, directors and key staffPrograms $87,311 · Management $12,098$99,409
IX-7 Other salaries and wagesPrograms $298,559 · Management $41,369$339,928
IX-8 Pension plan contributionsPrograms $8,916 · Management $1,235$10,151
IX-9 Other employee benefitsPrograms $33,209 · Management $4,602$37,811
IX-10 Payroll taxesPrograms $28,064 · Management $3,906$31,970
IX-11b Legal feesManagement $217$217
IX-11c Accounting feesPrograms $20,734 · Management $2,874$23,608
IX-11e Professional fundraising feesFundraising $156,250$156,250
IX-11f Investment management feesManagement $4,109$4,109
IX-11g Other fees for servicesPrograms $9,000$9,000
IX-13 Office expensesPrograms $2,354 · Management $1,900 · Fundraising $1,330$5,584
IX-23 InsurancePrograms $3,030 · Management $3,030$6,060
IX-24 Other expenses (24a–d)Programs $252,257 · Management $9,515$261,772
IX-25 Total functional expensesPrograms $5,093,434 · Management $84,855 · Fundraising $157,580$5,335,869
Part X · Balance sheet $1,389,859 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,414,996$858,105
X-2 Savings and temporary cash investmentsStart of year $12,082$5,432
X-11 Publicly traded securitiesStart of year $471,942$526,322
X-16 Total assetsStart of year $2,899,020$1,389,859
X-17 Accounts payable and accrued expenses$32,052
X-25 Other liabilitiesStart of year $169,644$12,461
X-26 Total liabilitiesStart of year $169,644$44,513
X-27 Net assets without donor restrictionsStart of year $2,729,376$1,345,346
X-32 Total net assets or fund balancesStart of year $2,729,376$1,345,346
X-33 Total liabilities and net assetsStart of year $2,899,020$1,389,859
Part XI · Reconciliation of net assets $1,345,346 net assets at year end
XI-1 Total revenue$3,917,836
XI-2 Total expenses$5,335,869
XI-3 Revenue less expenses−$1,418,033
XI-4 Net assets at start of year$2,729,376
XI-5 Net unrealized gains (losses) on investments$34,003
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,345,346

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

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