Website
Ratings & Metrics
Financial Documents
| Entity | Document Type | Tax ID |
|---|---|---|
| PCI-Media Impact | IRS Form 990 | 13-3280193 |
| PCI-Media Impact | Audited Financial Statements | 13-3280193 |
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Entity: PCI-Media Impact Document Type: IRS Form 990 Tax ID: 13-3280193 |
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Entity: PCI-Media Impact Document Type: Audited Financial Statements Tax ID: 13-3280193 |
Governance & Transparency
Top Salaries
| Name | Title | Compensation | |
|---|---|---|---|
| 1 | Neemesha Brown | President/Past Executive Director | $232,746 |
| 2 | Anthony Scala | CFO | $158,313 |
| 3 | Sean Southey | Past President | $146,522 |
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1 Name: Neemesha Brown Title: President/Past Executive Director Compensation: $232,746 |
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2 Name: Anthony Scala Title: CFO Compensation: $158,313 |
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3 Name: Sean Southey Title: Past President Compensation: $146,522 |
Analysts' Notes
According to the PCI–Media Impact audit of December 31, 2020 (Note 10, Concentrations of Credit Risk): "...In 2020, approximately 36% of PCI Media's total revenue was received from two donors. In 2019, approximately 37% of PCI Media's total revenue was received from two donors." |
According to the PCI–Media Impact audit of December 31, 2020 (Note 5, Loans Payable, PPP Loan): "On May 1, 2020, PCI Media received loan proceeds in the amount of $302,105 under the Paycheck Protection Program ('PPP'). The PPP loan, established as part of the Coronavirus Aid, Relief and Economic Security Act ('CARES Act'), provides for loans to qualifying businesses for amounts up to 2.5 times of the 2019 average monthly payroll expenses of the qualifying business. The PPP loan bears an interest rate of 1% per annum. All or a portion of the PPP loan principal and accrued interest are forgivable as long as the borrower uses the loan proceeds for eligible purposes...over a period of either eight or twenty-four weeks (the 'Covered Period'). The amount of loan forgiveness could be reduced if the borrower terminates employees or reduces salaries above a certain threshold during the Covered Period and does not qualify for certain safe harbors. The unforgiven portion of the PPP loan, if any, is payable within two years from the date of the loan. Loan payments of principal or interest are deferred until the amount of loan forgiveness is determined by the United States Small Business Administration ('SBA'). If PCI Media does not apply for forgiveness, payments begin approximately 16 months after the loan date. "PCI Media intends to use all proceeds received in accordance with regulations established by the PPP. Management believes its use of the proceeds, including amounts expensed through December 31, 2020, will be forgiven. The entire amount received under the PPP is reported as a PPP forgivable loan in the [audited] statement of financial position at December 31, 2020." According to the PCI–Media Impact audit of December 31, 2020 (Note 5, Loans Payable, Economic Injury Disaster Loan): "During 2020, PCI Media received [a] $153,064 Economic Injury Disaster Loan ('EIDL') authorized by the Small Business Administration. The loan is to be used solely as working capital to alleviate economic injury caused by the coronavirus disaster occurring in January 2020 and still ongoing. The principal and interest accrued at 2.75% annually is payable in thirty years from the date of the loan." |
According to the PCI–Media Impact audit of December 31, 2020 (Note 12, COVID-19): "PCI Media's operations and financial performance may be affected by the recent coronavirus outbreak which has spread globally and is expected to adversely affect economic conditions throughout the world. If the outbreak continues and conditions worsen, PCI Media may experience a disruption in operations as well as a decline in contributions and grants received or level of contributions and grants. The outbreak is likely to adversely affect PCI Media's business, financial conditions and results of operations on an interim basis." |
According to the PCI–Media Impact 2020 tax filing, PCI reports re: the existence of a family relationship among officers, directors, trustees, or key employees: "The former president, Sean Southey and president, Nameesha Brown have a family relationship" (IRS Form 990, Schedule O re: Form 990, Part VI, line 2). [Sean Southey is reported as "President thru Jan. 2020," and Nameesha Brown is reported as "Executive Dir thru Jan 2020/President Feb. 2020" (IRS Form 990, Part VII, Section A).] |
According to the PCI–Media Impact 2020 tax filing, PCI reports re: Compensation, Supplemental Information (IRS Form 990, Schedule J, Part III): Regarding severance payments to officers, directors, trustees, key employees and highest compensated employees (Schedule J, Part I, Line 4a): "Pursuant to the terms and conditions stipulated in the former president, Mr. Sean Southey's severance agreement, the organization paid a severance payment to him in the amount of $115,500 in 2020. "The $115,500 was treated as taxable compensation to the recipient on his 2020 Form W-2 and reflected on Form 990, Part VII, Section A, column D [Compensation of Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees, Reportable compensation from the organization]." [Sean Southey is reported as "President thru Jan. 2020," with total compensation of $146,522 in 2020 (IRS Form 990, Part VII, Section A).] |