Media Development Investment Fund Inc
Media Development Investment Fund Inc
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About this organization
Mission
Mdif provides affordable financing and technical assistance to independent news and information businesses in challenging environments, helping them to become financially sustainable. See schedule o for continuation.
About
Mdif provides loan and equity financing by way of 'program related investments' (pris), that allow non-profits to make investments in firms whose work will further their charitable mission. Mdif maintains a segregated pool of funds from which it makes pris. Loan repayments are recycled through the pool for reinvestment. With every pri, Mdif provides customized training and technical assistance to its beneficiaries, from the first stage of developing a business plan through to the final discharge of the investments. In addition, Mdif trains media organizations in the use and transfer of internet-based technology and its impact on the future development of media business. See schedule o for continuation.
Interesting data from their 2020 990 filing
In the filing, the mission of the non-profit is noted as “Mdif provides affordable financing and technical assistance to independent news and information businesses in challenging environments, helping them to become financially sustainable. see schedule o for continuation.”.
When referring to its responsibilities, they were outlined as: “See schedule o.”.
- The state in which the non-profit is legally registered to operate is NY, as per legal records.
- The filing documents the non-profit's address in 2020 as 37 WEST 20TH STREET SUITE 801, NEW YORK, NY, 10011.
- According to the non-profit's form, they have 15 employees on their payroll as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$5,597,217.
- The organization has 6 independent voting members.
- The organization was formed in 1995.
- The organization pays $3,773,237 in salary, compensation, and benefits to its employees.
- The organization pays $122,969 in fundraising expenses.
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