Pasadena Media Foundation
Nonprofit profile at a glance
- EIN
- 850824989
- IRS 990-EZ coverage
- 2024–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2023
- Location
- Pasadena, CA, USA
- Phone
- 3104357689
- Rating
- 48
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Animal-Related N.E.C.
Reported finances
- Revenue
- $196,080
- Expenses
- $25,000
- Assets
- $181,980
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- SHERYL TURNER (PRESIDENT/CFO)
People named in this filing
- SHERYL TURNER (PRESIDENT/CFO)
- J DANIEL TURNER (DIRECTOR)
- LOUIS MC GRAW (DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Support for local news reporting in pasadena California
What it reported doing in 2024
Creation of local news collaborative amond six newsorganizations to support local news in greater pasadenacaliornia area
Operating model
- Revenue model
- Other-operating. 82% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
MIXED - The filed numbers largely add up and revenue comfortably covers expenses. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 22
- Transparency & Controls: 82
- Sustainability: 83
- Growth: NotEnoughData
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 6.4%; rating input score 6
- Program expense ratio: 50%; rating input score 50
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 87.3%; rating input score 99; 99th percentile among comparable filings
- Total-asset coverage ratio: 7.28; rating input score 98; 98th percentile among comparable filings
- Liabilities to assets ratio: Limited
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: Limited
- Revenue growth: Limited
- Asset growth: Limited
Details
- Where the money goes: 6.4% of revenue deployed · 50% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $12K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 7 of 7 current checks pass
- Schedules: 2 filed schedules
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 6/100.
- Review — Financial Efficiency: Program expense ratio scored 50/100.