EIN 13-4052259

Media Development Investment Fund (MDIF)

IRS 501(c) type
501(c)(3)
Num. employees
13
Year formed
1995
Most recent tax filings
2022-12-01
NTEE code, primary
Z99: Unknown
Description
Media Development Investment Fund (MDIF) provides affordable financing and technical assistance to independent news and information businesses in challenging environments, helping them to become financially sustainable.
Total revenues
$26,183,313
2022
Total expenses
$10,711,361
2022
Total assets
$52,100,631
2022
Num. employees
13
2022

Program areas at MDIF

Mdif provides loan and equity financing by way of "program related investments" (pris) to further its charitable mission. Mdif maintains a segregated pool of funds from which it makes pris. Return of invested capital is recycled through the pool for reinvestment.with every pri, mdif provides customized training and technical assistance to Media organizations at varying stages of the business life cycle. In addition, mdif trains Media organizations in the use of digital and transformational technology for enhancing the sustainability of the Media organization.see schedule o for continuation.
In its global program, supported by sida, ("sida global") mdif utilizes its financing and capacity building expertise to identify, develop, and transform Media companies in need, globally, combined with sida's support, to provide loan and early stage equity financing, and technical assistance, particularly in building digital capacity and strengthening Media business Development.
The myanmar Media program ("sida myanmar") provides a range of highly tailored Media business-oriented technical assistance to myanmar's independent Media companies, including one-to-one expert consulting, group workshops, peer-to-peer knowledge sharing and direct grants for building management capacity.
Advisory programs.
Namip.
Samip.
Primed.

Who funds Media Development Investment Fund (MDIF)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Open Society FoundationTo Provide General Support$4,650,000
John D and Catherine T Macarthur FoundationTo Strengthen the Revenue Generation Skills and Sustainability of Nigerian Media Organizations$1,385,000
Soros Economic Development FundTo Support Independent Media Companies That Provide Timely, Accurate, and Relevant News, Information and Debate That People Need To Build More Open, Equitable and Free Thriving Societies$420,000
...and 6 more grants received

Personnel at MDIF

NameTitleCompensation
Harlan MandelChief Executive Officer , Mdif Harlan$285,436
Marie Majka NemcovaProgram Director$103,758
Dan MargoshesChief Financial Officer$59,771
Jim EganChief Investment Officer / Board Member$238,670
Teling PetersonChief Financial Officer$48,775
...and 22 more key personnel

Financials for MDIF

RevenuesFYE 12/2022
Total grants, contributions, etc.$22,753,357
Program services$3,131,035
Investment income and dividends$107,220
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$191,701
Total revenues$26,183,313

Form 990s for MDIF

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-15990View PDF
2021-122022-11-15990View PDF
2020-122021-11-01990View PDF
2019-122021-04-05990View PDF
2018-122020-02-07990View PDF
...and 9 more Form 990s

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Social FinanceBoston, MA$73,403,817
Women's World BankingNew York, NY$13,414,983
FINCA InternationalWashington, DC$21,106,368
Calvert Impact Capital (CIC)Bethesda, MD$30,134,256
Village CapitalHouston, TX$10,821,621
Mce Social CapitalSan Francisco, CA$11,604,034
DreamspringAlbuquerque, NM$25,867,927
AccionWashington, DC$26,132,981
Data update history
January 23, 2024
Updated personnel
Identified 7 new personnel
January 9, 2024
Posted financials
Added Form 990 for fiscal year 2022
December 24, 2023
Received grants
Identified 7 new grant, including a grant for $4,650,000 from Open Society Foundation
July 16, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 5, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Charities
Issues
No issues found
Characteristics
Operates internationallyTax deductible donations
General information
Address
37 W 20th St Suite 804
New York, NY 10011
Metro area
New York-Newark-Jersey City, NY-NJ-PA
County
New York County, NY
Website URL
mdif.org/ 
Phone
(212) 807-1304
Facebook page
mdiforg 
Twitter profile
@mdiforg 
IRS details
EIN
13-4052259
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1995
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Z99: Z99
NAICS code, primary
522120: Savings Institutions
Parent/child status
Independent
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