Theorem Media INC FY2023 filing

Tax-deductible

Westport, CT501(c)(3)Since 2019Arts & CultureEIN 83-3371047Revenue $367K in FY2023

On file with the IRS66 Bayberry Ln, 06880-4029 · Westport, CTTax-exempt since Apr 2019Publicly supported — 509(a)(2)

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An educational non-profit focusing on demystifying and explaining contemporary topics that are under-served and often misunderstood, yet vitally important to our world.

501(c)(3) charity; gifts are tax-deductible.
38¢ of each $1 spent went to programs.
$98K 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

FY2023 · 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
2 of 3
filings with a surplus
Average deficit $10K a year · 1% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
38%
of spending
Concern: 38% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$98K
to officers and key staff · 29% of spending
Worth a look: pay to officers and key staff is 29% of spending; over 20%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $370K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$6K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$367K
+137% vs prior year
Spent
$344K
To programs
38%
Net assets
$107K
By yearFY2020–FY2025
Revenue
$367K
FY2023▲ +137%
Tap a bar for its year
Revenue by fiscal year
FY2020$155K
FY2021$103K
FY2022$155K
FY2023$367K
FY2024$1.1M
FY2025$1.0M
Expenses
$344K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021Not on file
FY2022Not on file
FY2023$344K
FY2024$1.1M
FY2025$1.1M
Net assets
$107K
FY2023▲ +27%
Tap a bar for its year
Net assets by fiscal year
FY2020$11K
FY2021$10K
FY2022$84K
FY2023$107K
FY2024$164K
FY2025$54K

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 2019.

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

Where the money goes

38 cents of each dollar spent went to programs.

Program services 38% · $130K Management & general 62% · $214K

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; $98K paid to officers and key staff.

Part VII, Section A · reportable compensation
$71,750Pt VII · Sec A
$26,750Pt 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 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2020
Douglas Dicconson$86,282$115,000$71,750$100,000
Kimberly Dicconson$37,500$72,500$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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Questions the 990 asks

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

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Explains complex, important modern topics often misunderstood.

Questions for Theorem Media INC

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Provided by the organization

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1 program · $130K · in their own filed words · FY2023
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.

$130Kprogram expense

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
Total grants receivedfrom 1 funder$370K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$367K
Ln 12
Gifts and grantsLn 1h$287K
Fees for servicesLn 2g$80K
Money outPt IX
$344K
Ln 25
Programscol B$130K
Managementcol C$214K
Owns and owesPt X
$107K
net assets · Ln 32
Cash and savingsLn 1–2$113K
Total assetsLn 16$113K
LiabilitiesLn 26$6K
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$287K
Fees for servicesLn 2g$80K
Gains on assetsLn 7$0
Total revenueLn 12$367K
Assets in detailPt X, end of year
CashLn 1$113K
SavingsLn 2$0
Cash and savings togetherLn 1–2$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$113K
LiabilitiesLn 26$6K
Net assetsLn 32$107K
OperationsPt I, VI
EmployeesI 50
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 FY23End FY23
Cash and savingsLn 1–2$91K$113K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$91K$113K
LiabilitiesLn 26$6K$6K
Net assetsLn 32$84K$107K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$4K$4K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$98K$98K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$0
Payroll taxesLn 10$0
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$0
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$0
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$0
TravelLn 17$16K$16K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$0
InsuranceLn 23$71K$71K
Other expenses (24a–d)Ln 24$125K$125K
All other expensesLn 24e$29K$1K$28K
Total functional expensesLn 25$344K$130K$214K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.1M−$110K$54K 990 PDF
FY2024 $1.1M$1.1M$57K$164K 990 PDF
FY2023 Viewing $367K$344K$22K$107K 990 PDF
FY2022 $155K$84K 990 PDF
FY2021 $103K$10K 990 PDF
FY2020 $155K$11K 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 FY2023 990 (6 parts)
Part I · Summary $366,650 revenue, 12 lines filed
I-8 Contributions and grants$286,650
I-9 Program service revenue$80,000
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$366,650
I-13 Grants and similar amounts paid$4,000
I-14 Benefits paid to members$0
I-15 Salaries and benefits$98,500
I-16a Professional fundraising fees$0
I-17 Other expenses$241,724
I-18 Total expenses$344,224
I-19 Revenue less expenses$22,426
Part VI · Governance 4 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $366,650 across 9 lines filed
VIII-1f All other contributions, gifts and grants$286,650
VIII-1h Total contributions, gifts and grants$286,650
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $80,000$80,000
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $80,000$366,650
Part IX · Statement of functional expenses $344,224 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $4,000$4,000
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffManagement $98,500$98,500
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefits$0
IX-10 Payroll taxes$0
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting fees$0
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for services$0
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 Occupancy$0
IX-17 TravelManagement $15,998$15,998
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortization$0
IX-23 InsuranceManagement $71,172$71,172
IX-24 Other expenses (24a–d)Programs $125,350$125,350
IX-24e All other expensesPrograms $1,000 · Management $28,204$29,204
IX-25 Total functional expensesPrograms $130,350 · Management $213,874 · Fundraising $0$344,224
Part X · Balance sheet $112,939 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $90,513$112,939
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $90,513$112,939
X-26 Total liabilitiesStart of year $6,030$6,030
X-32 Total net assets or fund balancesStart of year $84,483$106,909
X-33 Total liabilities and net assetsStart of year $90,513$112,939
Part XI · Reconciliation of net assets $106,909 net assets at year end
XI-1 Total revenue$366,650
XI-2 Total expenses$344,224
XI-3 Revenue less expenses$22,426
XI-4 Net assets at start of year$84,483
XI-10 Net assets at end of year$106,909

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

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