Media Matters Action Network FY2023 filing

Washington, DCUnknown exempt organizationEIN 77-0646754

See part III, line 1.

81¢ of each $1 spent went to programs.
$96K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$96K
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
35 mo
of spending, in cash
Looks good: 34.8 months of spending in cash; 3 or more.
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
$170K
6% of total assets
Looks good: liabilities are 6% 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
$916K
-28% vs prior year
Spent
$838K
To programs
81%
Net assets
$2.7M
By yearFY2020–FY2024
Revenue
$916K
FY2023▼ -28%
Revenue by fiscal year
FY2020$616K
FY2021$1.0M
FY2022$1.3M
FY2023$916K
FY2024$3.9M
Expenses
$838K
FY2023▲ +36%
Expenses by fiscal year
FY2020$207K
FY2021$318K
FY2022$616K
FY2023$838K
FY2024$5.3M
Net assets
$2.7M
FY2023▲ +4%
Net assets by fiscal year
FY2020$1.3M
FY2021$2.0M
FY2022$2.6M
FY2023$2.7M
FY2024$1.3M

From the FY2023 Form 990 · see the original

Give Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

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

81 cents of each dollar spent went to programs.

Program services 81% · $679K Management & general 5% · $44K Fundraising 14% · $114K

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

Who runs it and what they're paid

7 people listed on the 990; $96K paid to officers and key staff.

Part VII, Section A · reportable compensation
President/Chair
$34,400Pt VII · Sec A
$28,600Pt VII · Sec A
Vice President
$22,500Pt VII · Sec A
$11,000Pt 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 →

Are you one of these people? Claim this org to confirm your role

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.

Provided by the organization

This section is blank until Media Matters Action Network claims this page.

Know this organization? Claim it to add your story

1 program service account for $679K of program spending, described in the organization's own filed words · FY2023.
01

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

$679Kprogram expense

Run this program? Claim this org to tell your story

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$916K
Ln 12
Gifts and grantsLn 1h$900K
Investment incomeLn 3$15K
Money outPt IX
$838K
Ln 25
Programscol B$679K
Managementcol C$44K
Fundraisingcol D$114K
Owns and owesPt X
$2.7M
net assets · Ln 32
Cash and savingsLn 1–2$2.4M
Total assetsLn 16$2.9M
LiabilitiesLn 26$170K
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$900K
Investment incomeLn 3$15K
Gains on assetsLn 7$770
Total revenueLn 12$916K
Assets in detailPt X, end of year
CashLn 1$2.4M
SavingsLn 2$12K
Cash and savings togetherLn 1–2$2.4M
InvestmentsLn 11–13$472K
Total assetsLn 16$2.9M
LiabilitiesLn 26$170K
Net assetsLn 32$2.7M
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 FY23End FY23
Cash and savingsLn 1–2$2.2M$2.4M
InvestmentsLn 11–13$401K$472K
Total assetsLn 16$3.1M$2.9M
LiabilitiesLn 26$452K$170K
Net assetsLn 32$2.6M$2.7M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$103K$96K$7K$211
Other salaries and wagesLn 7$383K$357K$25K$781
Pension plan contributionsLn 8$151$141$10
Other employee benefitsLn 9$51K$47K$3K$106
Payroll taxesLn 10$34K$32K$2K$70
Legal feesLn 11b$175$169$5$1
Accounting feesLn 11c$20K$19K$536$71
Professional fundraising feesLn 11e$112K$112K
Investment management feesLn 11f$4K$4K
Other fees for servicesLn 11g$29K$28K$779$100
Office expensesLn 13$84$13$71
Information technologyLn 14$46K$44K$2K
Conferences, conventions and meetingsLn 19$11K$11K
Other expenses (24a–d)Ln 24$44K$43K$71$384
Total functional expensesLn 25$838K$679K$44K$114K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $3.9M$5.3M−$1.4M$1.3M 990 PDF
FY2023 Viewing $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

Want to add your own materials alongside these filings? Claim this org

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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $915,916 across 5 lines filed
VIII-1f All other contributions, gifts and grants$900,448
VIII-1h Total contributions, gifts and grants$900,448
VIII-3 Investment incomeExcluded from tax $14,698$14,698
VIII-7 Net gain or loss on sales of assetsExcluded from tax $770$770
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $15,468$915,916
Part IX · Statement of functional expenses $837,798 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $96,231 · Management $6,816 · Fundraising $211$103,258
IX-7 Other salaries and wagesPrograms $356,705 · Management $25,267 · Fundraising $781$382,753
IX-8 Pension plan contributionsPrograms $141 · Management $10$151
IX-9 Other employee benefitsPrograms $47,478 · Management $3,364 · Fundraising $106$50,948
IX-10 Payroll taxesPrograms $31,769 · Management $2,250 · Fundraising $70$34,089
IX-11b Legal feesPrograms $169 · Management $5 · Fundraising $1$175
IX-11c Accounting feesPrograms $19,343 · Management $536 · Fundraising $71$19,950
IX-11e Professional fundraising feesFundraising $112,500$112,500
IX-11f Investment management feesManagement $3,621$3,621
IX-11g Other fees for servicesPrograms $28,117 · Management $779 · Fundraising $100$28,996
IX-13 Office expensesManagement $13 · Fundraising $71$84
IX-14 Information technologyPrograms $44,453 · Management $1,704$46,157
IX-19 Conferences, conventions and meetingsPrograms $11,275$11,275
IX-24 Other expenses (24a–d)Programs $43,386 · Management $71 · Fundraising $384$43,841
IX-25 Total functional expensesPrograms $679,067 · Management $44,436 · Fundraising $114,295$837,798
Part X · Balance sheet $2,899,020 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $2,130,933$2,414,996
X-2 Savings and temporary cash investmentsStart of year $39,022$12,082
X-11 Publicly traded securitiesStart of year $400,891$471,942
X-16 Total assetsStart of year $3,070,847$2,899,020
X-25 Other liabilitiesStart of year $311,265$169,644
X-26 Total liabilitiesStart of year $451,854$169,644
X-27 Net assets without donor restrictionsStart of year $2,426,208$2,729,376
X-28 Net assets with donor restrictionsStart of year $192,785$0
X-32 Total net assets or fund balancesStart of year $2,618,993$2,729,376
X-33 Total liabilities and net assetsStart of year $3,070,847$2,899,020
Part XI · Reconciliation of net assets $2,729,376 net assets at year end
XI-1 Total revenue$915,916
XI-2 Total expenses$837,798
XI-3 Revenue less expenses$78,118
XI-4 Net assets at start of year$2,618,993
XI-5 Net unrealized gains (losses) on investments$32,265
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$2,729,376

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.