The562 Network INC FY2020 filing
Provides free, community-funded local news for Long Beach and surrounding areas. For fiscal year 2020 it reported $183K in revenue, $213K in expenses, and $18K in net assets.Pt I
- Founded
- 2018
- Type
- Public charity (501(c)(3)) · Arts & Culture
- Location
- Long Beach, CA
- Website
- www.the562.org
- Filings
- 6 on file (2020–2020)
More identity details & actions ⌄
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Summary of the Filing
Where the work happens
The562 Network is a community funded nonprofit media outlet that covers sports and education in the City of Long Beach with free articles, video highlights, photo galleries, podcasts, features, previews and more.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Michael Guardabascio’s $72K as Founder Editor is at the 67th percentile of top reported officer pay among 2213 $100K–1M arts & culture nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 5 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Michael Guardabascio | $72,436 | $70,211 | $68,992 | $68,303 | $66,588 | $65,979 |
| Jeffrey L Fiddler JR | $36,243 | $68,608 | $67,514 | $67,202 | $66,588 | $65,979 |
| S Tyler R Hendrickson | $66,854 | $64,895 | $63,861 | $63,312 | — | — |
| S Tyler Roth Hendrickson | — | — | — | — | $60,118 | $47,916 |
| Elias Aquino | $11,542 | — | — | — | — | — |
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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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 99% | — | — |
| Overhead ratio | 1% | — | — |
| Fundraising cost ratio | 0% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0.5% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
Grants
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Filings & Schedule Manifest
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Sources
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