MEDIA DEVELOPMENT INVESTMENT FUND INC Charity Report

Public IRS 990 nonprofit record

MEDIA DEVELOPMENT INVESTMENT FUND INC

EIN 13-4052259 · Private Grantmaking Foundations (T20)

What they do

MDIF PROVIDES AFFORDABLE FINANCING and TECHNICAL ASSISTANCE to INDEPENDENT NEWS and INFORMATION ORGANIZATIONS IN CHALLENGING ENVIRONMENTS, HELPING THEM to BECOME FINANCIALLY SUSTAINABLE. SEE SCHEDULE O for CONTINUATION.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $83.50 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders17 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

78.69%of revenue went to mission work83.5% of expenses · Program services

1.68%of revenue went to fundraising1.8% of expenses

$94.25spent for every $100 of revenueRevenue covered expenses this year.

13.88%of revenue went to management and office costs14.7% of expenses

$3.87in assets for every $1 spent this yearSome assets cannot be spent right away.

78.3%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Pay context: The highest compensation shown in this filing is $411,995 for HARLAN MANDEL (CHIEF EXECUTIVE OFFICER). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$14,728,288

Mission workProgram services$11,589,96978.69% of revenue83.5% of expenses

ManagementOffice and general costs$2,044,77213.88% of revenue14.7% of expenses

FundraisingAsking for donations$247,2851.68% of revenue1.8% of expenses

Revenue left after expensesReported annual surplus$846,2625.75% of revenueShown in gray on the chart

Total expenses$13,882,02694.25% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 83.5% mission · 14.7% management · 1.8% fundraisingTotal expenses: 94.25% of revenue

2023Expense mix: 86.5% mission · 10.2% management · 3.3% fundraisingTotal expenses: 83.83% of revenue

2022Expense mix: 88.5% mission · 9.1% management · 2.4% fundraisingTotal expenses: 40.91% of revenue

2021Expense mix: 88.0% mission · 10.4% management · 1.7% fundraisingTotal expenses: 122.15% of revenue

2020Expense mix: 89.5% mission · 9.0% management · 1.5% fundraisingTotal expenses: 115.21% of revenue

2019Expense mix: 88.3% mission · 10.7% management · 1.0% fundraisingTotal expenses: 141.15% of revenue

2018Expense mix: 90.7% mission · 8.3% management · 1.0% fundraisingTotal expenses: 178.43% of revenue

2017Expense mix: 83.0% mission · 17.0% management · 0.0% fundraisingTotal expenses: 71.12% of revenue

Money in and money out

Revenue$14,728,288

Expenses$13,882,026

Annual surplus $846,262 Revenue was higher than expenses for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$11,589,969 · 83.5% of expenses

Management and office costs$2,044,772 · 14.7% of expenses

Fundraising$247,285 · 1.8% of expenses

See all reported dollar amounts

Revenue$14,728,288

Expenses$13,882,026

Assets$53,784,766

Income$14,728,288

Contributions$11,530,955

Mission work (program services)$11,589,969

Fundraising$247,285

Management and general$2,044,772

Executive compensation (total)$1,058,157

Stocks and bonds$6,536,501

Accounting fees$139,360

Investing fees$27,736

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

HARLAN MANDELCHIEF EXECUTIVE OFFICER · 40 hrs/week $411,995Base $319,448 · Other $92,547

DAN MARGOSHESCHIEF FINANCIAL OFFICER · 40 hrs/week $283,920Base $246,419 · Other $37,501

ELENA POPOVICSECRETARY/GENERAL COUNSEL · 40 hrs/week $256,625Base $201,637 · Other $54,988

PATRICE SCHNEIDERCHIEF STRATEGY OFFICER · 40 hrs/week $215,296

JOANNA ROZYCKACHIEF INVESTMENT OFFICER · 40 hrs/week $197,798Base $192,317 · Other $5,481

MEREDITH MOLOUGHNEYCHIEF OF STAFF · 40 hrs/week $181,812Base $131,893 · Other $49,919

PREMESH CHANDRANSENIOR ADVISOR TO CEO (OUTGOING) · 40 hrs/week $176,000

GRZEGORZ KOSSAKOWSKIINVESTMENT DIRECTOR OF EUROPE · 40 hrs/week $160,074

BILAL RANDEREEPROGRAM DIRECTOR · 40 hrs/week $159,063Base $158,075 · Other $988

MARIE NEMCOVACHIEF OPERATING OFFICER · 40 hrs/week $103,354

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (17)

HARLAN MANDELCHIEF EXECUTIVE OFFICER

DAN MARGOSHESCHIEF FINANCIAL OFFICER

ELENA POPOVICSECRETARY/GENERAL COUNSEL

PATRICE SCHNEIDERCHIEF STRATEGY OFFICER

JOANNA ROZYCKACHIEF INVESTMENT OFFICER

MEREDITH MOLOUGHNEYCHIEF OF STAFF

PREMESH CHANDRANSENIOR ADVISOR TO CEO (OUTGOING)

GRZEGORZ KOSSAKOWSKIINVESTMENT DIRECTOR OF EUROPE

BILAL RANDEREEPROGRAM DIRECTOR

MARIE NEMCOVACHIEF OPERATING OFFICER

SHEILA CORONELCHAIR

ADRIAAN STOOPVICE CHAIR

MICHAEL DEL NINDIRECTOR

MARIA-TERESA RONDEROSDIRECTOR

MARC DA COSTADIRECTOR

KERSTIN MOGULLDIRECTOR

CATHERINE GICHERUDIRECTOR

About this charity

Recognized since: January 1999
Location: 37 WEST 20TH STREET SUITE 804, NEW YORK, NY 10011
County: New York
In care of: HARLAN MANDEL
Primary officer: HARLAN MANDEL, CEO

How to reach them

WebsiteVisit the charity’s website Phone(212) 807-1304

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: CBIZ ADVISORS LLC
NTEE classification: Private Grantmaking Foundations (T20)
IRS tax category: Private Grantmaking Foundations