Hispanic Information & Telecommunications Network INC

Tax-deductible

Brooklyn, NY501(c)(3)Since 1981EIN 13-3112110

Distribution of quality educational media content for the benefit of u.s. Hispanics (sch o)

501(c)(3) charity; gifts are tax-deductible.
71¢ of each $1 spent went to programs.
Run by 10 volunteers and 86 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average surplus $28.1M a year · 61% of revenue · last 5 filings
Worth a look: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$2.3M
to officers and key staff · 12% of spending
Looks good: pay to officers and key staff is 12% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
150 mo
of spending, in cash
Looks good: 150.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $400K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$4.5M
2% of total assets
Looks good: liabilities are 2% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 6 voting members
Looks good: 5 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$207.0M
×32 vs prior year
Spent
$19.3M
To programs
71%
Net assets
$249.9M
By yearFY2020–FY2024
Revenue
$207.0M
FY2024▲ ×32
Revenue by fiscal year
FY2020$4.5M
FY2021$7.0M
FY2022$5.7M
FY2023$6.4M
FY2024$207.0M
Expenses
$19.3M
FY2024▲ +4%
Expenses by fiscal year
FY2020$18.1M
FY2021$16.2M
FY2022$17.7M
FY2023$18.6M
FY2024$19.3M
Net assets
$249.9M
FY2024▲ +298%
Net assets by fiscal year
FY2020$97.0M
FY2021$88.7M
FY2022$74.9M
FY2023$62.7M
FY2024$249.9M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1982.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $13.7M Management & general 29% · $5.5M Fundraising 1% · $99K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

12 people listed on the 990; $2.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
CEO/Board Member
$705,206Pt VII · Sec A
COO & CFO
$519,522Pt VII · Sec A
Chief Learning & Dev. Officer
$265,771Pt VII · Sec A
Head of Television & Digital
$231,870Pt VII · Sec A
Director, IT & Broadcast Operations
$166,755Pt VII · Sec A
Director, Cont. Ops. & Creative Svcs
$166,081Pt VII · Sec A
General Manager, Hitn-Tv
$161,823Pt VII · Sec A
Board Member
$10,000Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Michael D Nieves$705,206$392,195$547,322$543,830$558,188
Jonathan Guerra—$596,817$354,939$349,413$356,889
Kennedy Paul$519,522$262,792$401,549$390,214$399,896
Maryann R Marrapodi$265,771$265,770$264,228$264,138$274,676
Guillermo Sierra$231,870$232,049$229,818$222,116$231,378
Stephanie Shaw————$220,800
David Rust————$216,277
Mary E McLaughlin————$189,950

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Distributes quality educational media to benefit U.S. Hispanics.

Provided by the organization

This section is blank until Hispanic Information & Telecommunications Network INC claims this page.

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2 program services account for $13.7M of program spending, described in the organization's own filed words · FY2024.
01

Hispanic information and telecommunications network (hitn) is the first spanish public service media network. Established in 1983 as a non-profit organization with a mission to advance the educational, cultural, and socio-economic aspirations of its viewers in the U.S. And puerto rico.

$13.7Mprogram expense
02

Hitn Learning

The program supports the development of educational resources in print digital media targeted at hispanic preschool and early elementary school children and their families. Hitn supports this journey for babies, school-age children, families and educators, by providing engaging and effective content that ignites curiosity, promotes…

$4Kprogram expense

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2021
Total grants receivedfrom 1 funder$400K
Grants paid · 6 grants · $72K · 2022–2023

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$207.0M
Ln 12
Investment incomeLn 3$200.3M
Fees for servicesLn 2g$6.7M
Other incomeLn 4–11$108K
Money outPt IX
$19.3M
Ln 25
Programscol B$13.7M
Managementcol C$5.5M
Fundraisingcol D$99K
Owns and owesPt X
$249.9M
net assets · Ln 32
Cash and savingsLn 1–2$241.9M
Total assetsLn 16$254.4M
LiabilitiesLn 26$4.5M
PeoplePt VI, VII
12
listed · VII A
PaidVII A12
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$6.7M
Investment incomeLn 3$200.3M
Other incomeLn 4–11$108K
Gains on assetsLn 7$198.1M
Total revenueLn 12$207.0M
Assets in detailPt X, end of year
SavingsLn 2$241.9M
Cash and savings togetherLn 1–2$241.9M
InvestmentsLn 11–13$168K
Land, buildings, equipmentLn 10c$2.5M
Other assetsLn 15$5.5M
Total assetsLn 16$254.4M
LiabilitiesLn 26$4.5M
Net assetsLn 32$249.9M
OperationsPt I, VI
EmployeesI 586
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$516K$241.9M
InvestmentsLn 11–13$3.4M$168K
Land, buildings, equipmentLn 10c$3.0M$2.5M
Total assetsLn 16$67.2M$254.4M
LiabilitiesLn 26$4.5M$4.5M
Net assetsLn 32$62.7M$249.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.2M$832K$386K$7K
Other salaries and wagesLn 7$4.7M$3.2M$1.5M$26K
Pension plan contributionsLn 8$901K$634K$263K$5K
Other employee benefitsLn 9$886K$623K$258K$5K
Payroll taxesLn 10$599K$415K$180K$3K
Legal feesLn 11b$1.2M$898K$270K$5K
Accounting feesLn 11c$146K$111K$34K$598
Lobbying feesLn 11d$20K$20K
Investment management feesLn 11f$19K$8K$10K$185
Other fees for servicesLn 11g$2.2M$1.7M$525K$9K
Advertising and promotionLn 12$114K$90K$23K$419
Office expensesLn 13$175K$79K$94K$2K
Information technologyLn 14$327K$250K$75K$1K
OccupancyLn 16$1.3M$711K$619K$11K
TravelLn 17$599K$363K$231K$4K
Conferences, conventions and meetingsLn 19$48K$26K$22K$392
InterestLn 20$42K$18K$24K$420
Depreciation, depletion and amortizationLn 22$445K$191K$249K$4K
InsuranceLn 23$156K$67K$87K$2K
Other expenses (24a–d)Ln 24$4.0M$3.4M$578K$10K
All other expensesLn 24e$259K$127K$129K$2K
Total functional expensesLn 25$19.3M$13.7M$5.5M$99K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $207.0M$19.3M$187.7M$249.9M 990 PDF
FY2023 $6.4M$18.6M−$12.2M$62.7M 990 PDF
FY2022 $5.7M$17.7M−$12.0M$74.9M 990 PDF
FY2021 $7.0M$16.2M−$9.2M$88.7M 990 PDF
FY2020 $4.5M$18.1M−$13.6M$97.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $207,035,599 across 6 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $6,668,387$6,668,387
VIII-3 Investment incomeExcluded from tax $2,186,711$2,186,711
VIII-6 Net rental income or lossExcluded from tax $107,563$107,563
VIII-7 Net gain or loss on sales of assetsExcluded from tax $198,072,146$198,072,146
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Unrelated business $792$792
VIII-12 Total revenueRelated to mission $6,668,387 · Unrelated business $792 · Excluded from tax $200,366,420$207,035,599
Part IX · Statement of functional expenses $19,320,442 across 21 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $831,751 · Management $386,089 · Fundraising $6,887$1,224,727
IX-7 Other salaries and wagesPrograms $3,164,466 · Management $1,468,908 · Fundraising $26,203$4,659,577
IX-8 Pension plan contributionsPrograms $634,139 · Management $262,580 · Fundraising $4,687$901,406
IX-9 Other employee benefitsPrograms $623,292 · Management $258,148 · Fundraising $4,602$886,042
IX-10 Payroll taxesPrograms $415,163 · Management $180,340 · Fundraising $3,217$598,720
IX-11b Legal feesPrograms $898,307 · Management $270,178 · Fundraising $4,820$1,173,305
IX-11c Accounting feesPrograms $111,399 · Management $33,505 · Fundraising $598$145,502
IX-11d Lobbying feesPrograms $20,000$20,000
IX-11f Investment management feesPrograms $7,946 · Management $10,373 · Fundraising $185$18,504
IX-11g Other fees for servicesPrograms $1,684,034 · Management $524,519 · Fundraising $9,357$2,217,910
IX-12 Advertising and promotionPrograms $89,989 · Management $23,483 · Fundraising $419$113,891
IX-13 Office expensesPrograms $78,703 · Management $94,192 · Fundraising $1,680$174,575
IX-14 Information technologyPrograms $250,241 · Management $75,263 · Fundraising $1,343$326,847
IX-16 OccupancyPrograms $711,396 · Management $618,772 · Fundraising $11,037$1,341,205
IX-17 TravelPrograms $363,218 · Management $231,401 · Fundraising $4,128$598,747
IX-19 Conferences, conventions and meetingsPrograms $25,673 · Management $21,986 · Fundraising $392$48,051
IX-20 InterestPrograms $18,016 · Management $23,520 · Fundraising $420$41,956
IX-22 Depreciation, depletion and amortizationPrograms $191,110 · Management $249,488 · Fundraising $4,451$445,049
IX-23 InsurancePrograms $66,781 · Management $87,181 · Fundraising $1,555$155,517
IX-24 Other expenses (24a–d)Programs $3,381,955 · Management $578,087 · Fundraising $10,312$3,970,354
IX-24e All other expensesPrograms $127,254 · Management $129,002 · Fundraising $2,301$258,557
IX-25 Total functional expensesPrograms $13,694,833 · Management $5,527,015 · Fundraising $98,594$19,320,442
Part X · Balance sheet $254,440,567 assets, 15 lines filed
X-2 Savings and temporary cash investmentsStart of year $516,246$241,913,740
X-4 Accounts receivableStart of year $1,212,361$1,360,428
X-8 Inventories for sale or useStart of year $133,770$133,770
X-9 Prepaid expenses and deferred chargesStart of year $1,088,557$1,105,816
X-10c Land, buildings and equipment, netStart of year $2,973,191$2,528,142
X-11 Publicly traded securitiesStart of year $3,443,533$168,478
X-14 Intangible assetsStart of year $1,700,000$1,700,000
X-15 Other assetsStart of year $56,155,971$5,530,193
X-16 Total assetsStart of year $67,228,879$254,440,567
X-17 Accounts payable and accrued expensesStart of year $2,110,446$2,687,108
X-25 Other liabilitiesStart of year $2,378,150$1,861,826
X-26 Total liabilitiesStart of year $4,488,596$4,548,934
X-27 Net assets without donor restrictionsStart of year $62,740,283$249,891,633
X-32 Total net assets or fund balancesStart of year $62,740,283$249,891,633
X-33 Total liabilities and net assetsStart of year $67,228,879$254,440,567
Part XI · Reconciliation of net assets $249,891,633 net assets at year end
XI-1 Total revenue$207,035,599
XI-2 Total expenses$19,320,442
XI-3 Revenue less expenses$187,715,157
XI-4 Net assets at start of year$62,740,283
XI-5 Net unrealized gains (losses) on investments−$536,261
XI-9 Other changes in net assets−$27,546
XI-10 Net assets at end of year$249,891,633

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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