Latino Media Collaborative FY2021 filing

Tax-deductible

Los Angeles, CA501(c)(3)Since 2021Arts & CultureEIN 85-4098339

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Latino Media Collaborative's mission is to leverage the power of Latino and community news media to impact policy, change narratives, and promote civic engagement, while also supporting advancement of the sector through capacity building, research, and advocacy. The Organization envisions a future where Latino media thrives across the Southwest, challenges the dominant narrative using a Letino lens, and provides high quality, culturally responsive content that promotes civic engagement.

501(c)(3) charity; gifts are tax-deductible.
95¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average surplus $102K a year · 8% of revenue · last 5 filings
Worth a look: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
95%
of spending
Looks good: 95% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $805K
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$36K
5% of total assets
Looks good: liabilities are 5% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 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
$916K
Spent
$166K
To programs
95%
Net assets
$750K
By yearFY2021–FY2025
Revenue
$916K
FY2021
Revenue by fiscal year
FY2021$916K
FY2022$393K
FY2023$1.9M
FY2024$1.6M
FY2025$1.3M
Expenses
$166K
FY2021
Expenses by fiscal year
FY2021$166K
FY2022$663K
FY2023$1.1M
FY2024$1.7M
FY2025$2.0M
Net assets
$750K
FY2021
Net assets by fiscal year
FY2021$750K
FY2022$479K
FY2023$1.3M
FY2024$1.2M
FY2025$508K

From the FY2021 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $158K Management & general 5% · $9K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Arturo Carmona’s $170K as President is at the 74th percentile of top reported officer pay among 3924 $1–10M 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 · 3 named individuals · Part VII

NameFY2025FY2024FY2023
Arturo Carmona$169,750$121,000$96,000
Esperanza Guevara$123,972$69,823—
Osvaldo Albornoz—$120,000—

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.

See Latino Media Collaborative 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

Develops media campaigns with Latino partners to inform and engage the community.

Provided by the organization

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3 programs · $134K · in their own filed words · FY2021
01

The organizations focus is to ensure that readers are informed on critical issues impacting latinos and are empowered to play an active role in today's democracy. Our current year program service accomplishments include:research & development.

$61Kprogram expense
02

Training & capacity building. The community media resiliency program and next gen media entrepreneurs program helps media outlets and journalists of color build sustainable independent media.

$47Kprogram expense
03

News content development. We continued to build and expand on our news content development, focusing on increased editing, reporting and content development capabilities. We launched a weekly digital newsletter, calo news, including activating its social media presence.

$25Kprogram 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 · FY2024
See all 8 funders →
Grants paid · 21 grants · $291K · 2022–2023
UnivisionFY2023$20,000
UnivisionFY2023$20,000
El Latino NewspaperFY2023$15,000
El Latino NewspaperFY2023$15,000
La Nueva VozFY2023$14,500
La Nueva VozFY2023$14,500
Vida NewsFY2023$13,000
Vida NewsFY2023$13,000
Hispanic La LLCFY2023$12,740
Hispanic La LLCFY2023$12,740
El PopularFY2023$11,000
El Informador Del ValleFY2023$11,000
El PopularFY2023$11,000
El Informador Del ValleFY2023$11,000
Spanish Broadcasting SystemFY2023$10,000
Impremedia La OpinionFY2023$10,000
Spanish Broadcasting SystemFY2023$10,000
Impremedia La OpinionFY2023$10,000
See all 21 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$916K
Ln 12
Gifts and grantsLn 1h$778K
Fees for servicesLn 2g$137K
Money outPt IX
$166K
Ln 25
Programscol B$158K
Managementcol C$9K
Owns and owesPt X
$750K
net assets · Ln 32
Cash and savingsLn 1–2$53K
Total assetsLn 16$785K
LiabilitiesLn 26$36K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$778K
Fees for servicesLn 2g$137K
Total revenueLn 12$916K
Assets in detailPt X, end of year
CashLn 1$53K
Cash and savings togetherLn 1–2$53K
Total assetsLn 16$785K
LiabilitiesLn 26$36K
Net assetsLn 32$750K
OperationsPt I, VI
EmployeesI 510
VolunteersI 66
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 FY21End FY21
Cash and savingsLn 1–2$53K
Total assetsLn 16$0$785K
LiabilitiesLn 26$0$36K
Net assetsLn 32$0$750K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$2K$2K
Other fees for servicesLn 11g$52K$52K
Office expensesLn 13$2K$2K
Information technologyLn 14$200$200
OccupancyLn 16$1K$1K
Other expenses (24a–d)Ln 24$106K$102K$4K
All other expensesLn 24e$3K$3K$225
Total functional expensesLn 25$166K$158K$9K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$2.0M−$705K$508K 990 PDF
FY2024 $1.6M$1.7M−$104K$1.2M 990 PDF
FY2023 $1.9M$1.1M$838K$1.3M 990 PDF
FY2022 $393K$663K−$270K$479K 990 PDF
FY2021 Viewing $916K$166K$750K$750K 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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $915,619 across 4 lines filed
VIII-1f All other contributions, gifts and grants$778,350
VIII-1h Total contributions, gifts and grants$778,350
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $137,269$137,269
VIII-12 Total revenueRelated to mission $137,269 · Unrelated business $0 · Excluded from tax $0$915,619
Part IX · Statement of functional expenses $166,096 across 7 lines filed
IX-11c Accounting feesManagement $1,538$1,538
IX-11g Other fees for servicesPrograms $51,829$51,829
IX-13 Office expensesManagement $1,960$1,960
IX-14 Information technologyPrograms $200$200
IX-16 OccupancyManagement $1,025$1,025
IX-24 Other expenses (24a–d)Programs $102,410 · Management $3,810$106,220
IX-24e All other expensesPrograms $3,099 · Management $225$3,324
IX-25 Total functional expensesPrograms $157,538 · Management $8,558 · Fundraising $0$166,096
Part X · Balance sheet $785,136 assets, 9 lines filed
X-1 Cash, non-interest-bearing$52,636
X-3 Pledges and grants receivable$732,500
X-16 Total assetsStart of year $0$785,136
X-17 Accounts payable and accrued expenses$35,613
X-26 Total liabilitiesStart of year $0$35,613
X-27 Net assets without donor restrictionsStart of year $0$44,023
X-28 Net assets with donor restrictionsStart of year $0$705,500
X-32 Total net assets or fund balancesStart of year $0$749,523
X-33 Total liabilities and net assetsStart of year $0$785,136
Part XI · Reconciliation of net assets $749,523 net assets at year end
XI-1 Total revenue$915,619
XI-2 Total expenses$166,096
XI-3 Revenue less expenses$749,523
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$749,523

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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