Theorem Media INC EIN 83-3371047

Theorem Media INC

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Explains complex, important modern topics often misunderstood. For fiscal year 2025 it reported $1.0M in revenue, $1.1M in expenses, and $54K in net assets.Pt I

Founded
2019
Type
Public charity (501(c)(3)) · Arts & Culture
Location
Westport, CT
Filings
6 on file (2020–2025)
Revenue
$1.0MFY2025
Expenses
$1.1M
Net assets
$54K
People
7
Filings
6
Updates
0
More identity details & actions ⌄
EIN  83-3371047 Public charity (501(c)(3)) Westport, CT Founded 2019
Form 990 (PDF)
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Size
$1–10M
What they do
Explains complex, important modern topics often misunderstood.
Leadership
Douglas Dicconson · CEO · $86K
Money in and out
$1.0M revenue, $1.1M expenses
Bottom line
62% program efficiency
Where the money goes · FY2025
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$110K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38 Fundraising $0.00
Program efficiency
62%
of spending reaches programs▼ -1% vs prior filing year
Operating runway
0.8mo
months of highly liquid reserves at operating expense rate▼ -58% vs prior filing year
Surplus margin
-11%
revenue over expenses, this year▼ -314% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$1.0M
FY2025▼ -10%
Expenses
$1.1M
FY2025▲ +5%
Total assets
$79K
FY2025▼ -54%
Total liabilities
$25K
FY2025▲ +286%
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$1.1M
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$110K
Total assetsPt X · Ln 16$79K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 34
Independent voting membersPt I · Ln 44
Mission & Programs · Part III

Where the work happens

1 program service account for $703K of program spending, described in the organization's own filed words · FY2025.
01

Work with all forms of storytellers to inspire generations of people to not only understand but engage in the most important issues of our time such as cybersecurity, sustainability, space exploration, and inclusivity.

$703Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTheorem Media INC
EINHdr · item D83-3371047
Principal addressHdr · item CWestport, CT
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2019
State of legal domicileHdr · item MCT
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFArts & Culture (A30)
Ruling yearIRS BMFApr 2019

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a4
Independent voting membersPt VI · Ln 1b4
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
$86,282Pt VII · Sec A
$37,500Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Douglas Dicconson’s $86K as CEO is at the 22nd percentile of top reported officer pay among 3916 $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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2020
Douglas Dicconson$86,282$115,000$71,750$100,000
Kimberly Dicconson$37,500$72,500
Kimberly Dicconson$26,750$11,000

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.

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Statement of Revenue

Part VIII
Program service revenue$874K · 85%
Contributions & grants$154K · 15%
Program service revenue85%$874K
Contributions & grants15%$154K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38 Fundraising $0.00
Program services62%$703K
Management & general38%$434K
Fundraising$372
Total functional expensesLn 25$1.1M

Balance Sheet

Part X · end of year
CashLn 1$79K
Total assetsLn 16$79K
Total liabilitiesLn 26$25K
Total net assetsLn 32$54K
Months of cash on handcomputed0.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $79K · Operating expenses/yr $1.1M
0.8 months
Where the money goes
Program services
Program services $703K · Total expenses $1.1M
62%
Management & General
Management & general $434K · Total expenses $1.1M
38%
Fundraising
Fundraising $372 · Total expenses $1.1M
0.03%
Cost to raise $1
Fundraising expense (3-yr avg) $124 · Solicited contributions (3-yr avg) $389K
$0.00 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $154K · Total revenue $1.0M
15%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $874K · Total revenue $1.0M
85%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $874K · Total expenses $1.1M
77%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $1.1M
-10%
Revenue CAGR
FY2020 $155K · FY2025 $1.0M
+46%
Net-asset trend (YoY)
End of year $54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $1.1M
-11%
Liabilities-to-Assets
Total liabilities — · Total assets $79K
Net-asset ratio
Net assets $54K · Total assets $79K
69%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $79K
0%
People & payroll
Highest Reported Total Compensation
Individual Douglas Dicconson · Reported title CEO · Highest reported compensation $86K · Total expenses $1.1M
8%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $124K · Total expenses $1.1M
11%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0.2%
Revenue growth -10%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$370K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.0M revenue · viewing · ⤓ 990 PDF
FY2024$1.1M revenue · ⤓ 990 PDF
FY2023$367K revenue · ⤓ 990 PDF
FY2022$155K revenue · ⤓ 990 PDF
FY2021$103K revenue · ⤓ 990 PDF
FY2020$155K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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