Foundation for Independent Media Arts

Public charity · Grantmaker Houston, TX EIN: 81-0740458

The mission is ratified by the organizaion to work on its primary excempt purposes.

Key facts about Foundation for Independent Media Arts

In short: Foundation for Independent Media Arts gave $20K across 3 grants in 2024 (avg $7K), mostly in Texas. Source: 2024 IRS Form 990.

EIN
81-0740458
Latest 990 filing
Form 990, 2024
Annual giving (2024)
$19,883
Grants made (2024)
3
Average grant
$6,628
Median grant
$5,017
Total assets
$163,332
Primary geography
Texas (100% of itemized 2024 grant dollars)

Data from IRS Form 990, 2024; updated September 2026.

Financial Overview

From 2024 IRS Form 990 · View filing

Total Assets

$163K

-0.9% YoY

Annual Giving

$20K

-15.7% YoY

Grant Count

3

+0.0% YoY

Avg Grant Size

$7K

-15.7% YoY

How Foundation for Independent Media Arts gives

  • Giving grew 262% from 2021 to 2024. Method

From the foundation's IRS Form 990 filings. Methodology.

About Foundation for Independent Media Arts

Based on IRS filings

Foundation for Independent Media Arts is a public charity focused on Arts, Culture & Humanities, based in Houston, TX. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $163K in total assets. In 2024, it awarded 3 grants totaling $20K. Net investment income was $5K.

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of 2024 grant dollars across all 3 itemized grants.

States

Cities

Houston

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30KTotal only2020 1 grant2021 1 grant2022 3 grants2023 3 grants2024

From 2020 to 2024, annual grant giving ranged from $5K (2022) to $24K (2023). In 2024 it made 3 grants totaling $20K.

Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.

Grant Insights

How this funder distributes its grants

Top Recipients

Top 3 recipients in 2024

Museum of Fine Arts: $10KMuseum of Fine Arts$10KHouston Cinama Arts Society: $5KHouston Cinama Arts Society$5KHouston Public Media Kuht: $5KHouston Public Media Kuht$5K

The largest 2024 recipient was Museum of Fine Arts ($10K). Together the top 3 received $20K.

Grant Size Distribution

8 grants across all recorded years

8<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

The most common grant size was under $50K: 8 grants of 8 (100%).

Giving History

Grant recipients and amounts by year

RecipientPurposeAmount
Museum of Fine Arts Houston, TXFilms and Screening$9,850
Houston Cinama Arts Society Houston, TX—$5,017
Houston Public Media Kuht Houston, TXPrograming$5,016

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Net Investment Income
$0$50K$100K$150K2020 2021 2022 2023 2024
Metric202420232022
Total Assets$163,332$164,857$184,207
Revenue$53,355$32,431$49,777
Expenses$54,434$49,340$41,943
Net Investment Income$5,015——

Data update history

When this profile's IRS filing data changed on Grantable

  1. Updated Form 990 for fiscal year 2020 (received by the IRS November 8, 2021)
  2. Updated Form 990 for fiscal year 2021 (received by the IRS November 9, 2022)
  3. Updated Form 990 for fiscal year 2022 (received by the IRS November 13, 2023)
  4. Updated Form 990 for fiscal year 2023 (received by the IRS November 11, 2024)
  5. Updated Form 990 for fiscal year 2024 (received by the IRS November 14, 2025)
  6. IRS filings on file for fiscal years 2020–2024

Leadership & Key People

Officers and directors from IRS filings

Foundation for Independent Media Arts is led by Richard D. Walker, President since 2021 (on filings since 2020); none of the 2 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Richard D. Walker

    President

    Vice President → President, 2021

    On filings since 2020

    No compensation reported

  • Maureen Herzog

    Vice President

    On filings since 2020

    $6K (2020) → $0 (2024)

Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Compensation Overview

From 2020 IRS filing

Maureen Herzog — Vice Preside: $6KMaureen HerzogVice Preside$6K

The highest reported compensation on the 2020 filing was $6K, to Maureen Herzog (Vice Preside).

Frequently asked questions about Foundation for Independent Media Arts

How much does Foundation for Independent Media Arts give each year?

Foundation for Independent Media Arts gave $20K across 3 grants in 2024, according to its 2024 IRS Form 990. In 2023 it gave $24K across 3 grants.

What is Foundation for Independent Media Arts's typical grant size?

Foundation for Independent Media Arts's median grant in 2024 was $5,017, and its average grant was $6,628, across 3 grants on its 2024 IRS Form 990.

Where does Foundation for Independent Media Arts give grants?

Foundation for Independent Media Arts gives mostly in Texas: 100% of the grant dollars itemized on its 2024 IRS Form 990 went to recipients there. The most frequent recipient cities were Houston, TX (3 grants).

Does Foundation for Independent Media Arts give general operating support?

Not in 2024: none of the 2 grants with a stated purpose on Foundation for Independent Media Arts's 2024 IRS Form 990 were described as general or operating support.

How large is Foundation for Independent Media Arts?

Foundation for Independent Media Arts reported $163K in total assets on its 2024 IRS Form 990. Its revenue that year was $53K.

What is Foundation for Independent Media Arts?

Foundation for Independent Media Arts is a public charity focused on Arts, Culture & Humanities, based in Houston, TX. It holds $163K in total assets as of 2024.

What is Foundation for Independent Media Arts's EIN?

Foundation for Independent Media Arts's EIN (Employer Identification Number) is 81-0740458. IRS Form 990 filing data is available on this page for 2020–2024.

Data last updated September 2026. Sourced from IRS Form 990 filings.

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