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Televisa Foundation INC

Tax-deductible

Doral, FL501(c)(3)Arts & CultureEIN 45-5070813Revenue $824K in FY2024

On file with the IRStelevisafoundation.org10773 Nw 58th Street Box 368, 33178-2801 · Doral, FLTax-exempt since Jul 2013Publicly supported charity — 170(b)(1)(A)(vi)

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Help latino children and youth in the US through innovative education and cultural programs.

501(c)(3) charity; gifts are tax-deductible.
99¢ of each $1 spent went to programs.
Run by 14 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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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
4 of 5
filings with a surplus
Average surplus $246K a year · 35% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Plus $1.3M in investments, Pt X · Ln 11–13
Looks good: 8.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $107K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 4 voting members
Looks good: 3 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$824K
-21% vs prior year
Spent
$934K
To programs
99%
Net assets
$2.0M
By yearFY2020–FY2024
Revenue
$824K
FY2024▼ -21%
Tap a bar for its year
Revenue by fiscal year
FY2020$304K
FY2021$803K
FY2022$513K
FY2023$1.0M
FY2024$824K
Expenses
$934K
FY2024▲ +65%
Tap a bar for its year
Expenses by fiscal year
FY2020$112K
FY2021$244K
FY2022$409K
FY2023$566K
FY2024$934K
Net assets
$2.0M
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$543K
FY2021$1.1M
FY2022$1.2M
FY2023$2.1M
FY2024$2.0M

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 2013.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $924K Management & general 1% · $9K

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

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Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Luis a Bustos
Secretary
$0Pt VII · Sec A
Hilario Gutierrez
Chief Admin. Officer
$0Pt VII · Sec A
$0Pt VII · Sec A
See Televisa Foundation INC executive salaries →

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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 15aNo

Programs and updates

Empowers Latino children and youth with innovative education and cultural programs.

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Provided by the organization

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1 program · $924K · in their own filed words · FY2024
01

Televisa foundation supports media campaigns to promote socialawareness and inform about different careers opportunities for thehispanic families in the united states. The following campaignshave been launched: early childhood, technolochicas and telecuantrix.

$924Kprogram expense

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 · FY2025
Child Trends IncorporatedFY2025$107K
Total grants receivedfrom 1 funder$107K
Grants paid · 4 grants · $230K · 2020–2024
Academy Museum FoundationCA · FY2024$6,092
Academy Museum FoundationCA · FY2023$67,726
Academy Museum FoundationCA · FY2021$116,667
The Eva Longoria FoundationCA · FY2020$39,500

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$824K
Ln 12
Investment incomeLn 3$476K
Gifts and grantsLn 1h$348K
Money outPt IX
$934K
Ln 25
Programscol B$924K
Managementcol C$9K
Owns and owesPt X
$2.0M
net assets · Ln 32
Cash and savingsLn 1–2$654K
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$348K
Investment incomeLn 3$476K
Gains on assetsLn 7$454K
Total revenueLn 12$824K
Assets in detailPt X, end of year
CashLn 1$654K
Cash and savings togetherLn 1–2$654K
InvestmentsLn 11–13$1.3M
Total assetsLn 16$2.0M
LiabilitiesLn 26$0
Net assetsLn 32$2.0M
OperationsPt I, VI
EmployeesI 50
VolunteersI 614
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$223K$654K
InvestmentsLn 11–13$1.9M$1.3M
Total assetsLn 16$2.1M$2.0M
LiabilitiesLn 26$0$0
Net assetsLn 32$2.1M$2.0M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$6K$6K
Management feesLn 11a$423K$423K
Information technologyLn 14$495K$495K
Other expenses (24a–d)Ln 24$9K$9K
Total functional expensesLn 25$934K$924K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $824K$934K−$109K$2.0M 990 PDF
FY2023 $1.0M$566K$483K$2.1M 990 PDF
FY2022 $513K$409K$104K$1.2M 990 PDF
FY2021 $803K$244K$559K$1.1M 990 PDF
FY2020 $304K$112K$192K$543K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $824,338 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,219,308$347,990
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year −$170,323$476,348
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $1,048,985$824,338
I-13 Grants and similar amounts paidPrior year $67,726$6,092
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $498,143$927,458
I-18 Total expensesPrior year $565,869$933,550
I-19 Revenue less expensesPrior year $483,116−$109,212
Part VI · Governance 3 of 4 board members independent, 3 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members3
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $824,338 across 5 lines filed
VIII-1f All other contributions, gifts and grants$347,990
VIII-1h Total contributions, gifts and grants$347,990
VIII-3 Investment incomeExcluded from tax $21,879$21,879
VIII-7 Net gain or loss on sales of assetsExcluded from tax $454,469$454,469
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $476,348$824,338
Part IX · Statement of functional expenses $933,550 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $6,092$6,092
IX-11a Management feesPrograms $423,238$423,238
IX-14 Information technologyPrograms $494,881$494,881
IX-24 Other expenses (24a–d)Management $9,339$9,339
IX-25 Total functional expensesPrograms $924,211 · Management $9,339 · Fundraising $0$933,550
Part X · Balance sheet $1,993,926 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $223,029$654,306
X-11 Publicly traded securitiesStart of year $1,880,109$1,339,620
X-16 Total assetsStart of year $2,103,138$1,993,926
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $2,103,138$1,993,926
X-32 Total net assets or fund balancesStart of year $2,103,138$1,993,926
X-33 Total liabilities and net assetsStart of year $2,103,138$1,993,926
Part XI · Reconciliation of net assets $1,993,926 net assets at year end
XI-1 Total revenue$824,338
XI-2 Total expenses$933,550
XI-3 Revenue less expenses−$109,212
XI-4 Net assets at start of year$2,103,138
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,993,926

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

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