Latino Media Collaborative FY2024 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.
80¢ of each $1 spent went to programs.
$311K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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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
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
80%
of spending
Looks good: 80% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$311K
to officers and key staff · 19% of spending
Fine: pay to officers and key staff is 19% of spending; 15% to 20%.
Pt VII · Sec A
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 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
$119K
9% of total assets
Looks good: liabilities are 9% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6M
-17% vs prior year
Spent
$1.7M
To programs
80%
Net assets
$1.2M
By yearFY2021–FY2025
Revenue
$1.6M
FY2024▼ -17%
Revenue by fiscal year
FY2021$916K
FY2022$393K
FY2023$1.9M
FY2024$1.6M
FY2025$1.3M
Expenses
$1.7M
FY2024▲ +58%
Expenses by fiscal year
FY2021$166K
FY2022$663K
FY2023$1.1M
FY2024$1.7M
FY2025$2.0M
Net assets
$1.2M
FY2024▼ -8%
Net assets by fiscal year
FY2021$750K
FY2022$479K
FY2023$1.3M
FY2024$1.2M
FY2025$508K

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

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You’re viewing the FY2024 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

80 cents of each dollar spent went to programs.

Program services 80% · $1.3M Management & general 13% · $211K Fundraising 7% · $118K

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

10 people listed on the 990; $311K paid to officers and key staff.

Part VII, Section A · reportable compensation
$121,000Pt VII · Sec A
FMR Gen Mgr
$120,000Pt VII · Sec A
$69,823Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$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 15aYes

Programs and updates

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

Provided by the organization

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3 program services account for $1.2M of program spending, described in the organization's own filed words · FY2024.
01

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.

$595Kprogram expense
02

Outreach and education campaignslatino media collaborative develops high-impact media and outreach campaigns in partnership with the latino media sector to advance an informed and highly engaged latino community and to increase public and political will for policies that promote diversity, inclusion, and racial equity with a major focus…

$512Kprogram expense
03

Advocacy and Research

LMC performs research on the state of community and ethnic media in california to understand the current landscape of the states ethnic media, its diversity, challenges, and impact. We use this research to develop our policy agenda, including advancing lmc-sponsored legislation.

$137Kprogram 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 · 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$1.6M
Ln 12
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$30K
Money outPt IX
$1.7M
Ln 25
Programscol B$1.3M
Managementcol C$211K
Fundraisingcol D$118K
Owns and owesPt X
$1.2M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$119K
PeoplePt VI, VII
10
listed · VII A
PaidVII A3
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.5M
Fees for servicesLn 2g$30K
Gains on assetsLn 7$0
Total revenueLn 12$1.6M
Assets in detailPt X, end of year
CashLn 1$1.1M
SavingsLn 2$0
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Other assetsLn 15$0
Total assetsLn 16$1.3M
LiabilitiesLn 26$119K
Net assetsLn 32$1.2M
OperationsPt I, VI
EmployeesI 510
VolunteersI 66
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$920K$1.1M
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$3K
Total assetsLn 16$1.4M$1.3M
LiabilitiesLn 26$79K$119K
Net assetsLn 32$1.3M$1.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$191K$139K$39K$12K
Pay of disqualified personsLn 6$0
Other salaries and wagesLn 7$319K$232K$66K$21K
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$35K$26K$7K$2K
Payroll taxesLn 10$30K$23K$7K$597
Management feesLn 11a$0
Legal feesLn 11b$0
Accounting feesLn 11c$37K$37K
Lobbying feesLn 11d$0
Professional fundraising feesLn 11e$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$15K$15K
Advertising and promotionLn 12$64K$64K
Office expensesLn 13$17K$13K$2K$2K
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$31K$22K$5K$5K
TravelLn 17$61K$41K$21K
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$754$754
InsuranceLn 23$0
Other expenses (24a–d)Ln 24$695K$681K$538$14K
All other expensesLn 24e$182K$108K$13K$61K
Total functional expensesLn 25$1.7M$1.3M$211K$118K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.3M$2.0M−$705K$508K 990 PDF
FY2024 Viewing $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 $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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $1,572,975 across 9 lines filed
VIII-1f All other contributions, gifts and grants$1,543,475
VIII-1h Total contributions, gifts and grants$1,543,475
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Unrelated business $29,500$29,500
VIII-3 Investment income$0
VIII-5 Royalties$0
VIII-6 Net rental income or loss$0
VIII-7 Net gain or loss on sales of assets$0
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueUnrelated business $29,500$1,572,975
Part IX · Statement of functional expenses $1,677,410 across 31 lines filed
IX-1 Grants to domestic organizations$0
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staffPrograms $138,995 · Management $39,329 · Fundraising $12,499$190,823
IX-6 Pay of disqualified persons$0
IX-7 Other salaries and wagesPrograms $232,321 · Management $65,715 · Fundraising $20,901$318,937
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $25,532 · Management $7,288 · Fundraising $2,206$35,026
IX-10 Payroll taxesPrograms $22,841 · Management $6,819 · Fundraising $597$30,257
IX-11a Management fees$0
IX-11b Legal fees$0
IX-11c Accounting feesManagement $36,619$36,619
IX-11d Lobbying fees$0
IX-11e Professional fundraising fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesManagement $14,578$14,578
IX-12 Advertising and promotionPrograms $63,835$63,835
IX-13 Office expensesPrograms $13,443 · Management $1,680 · Fundraising $1,680$16,803
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $21,732 · Management $4,657 · Fundraising $4,657$31,046
IX-17 TravelPrograms $40,621 · Management $20,670$61,291
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $754$754
IX-23 Insurance$0
IX-24 Other expenses (24a–d)Programs $680,737 · Management $538 · Fundraising $13,870$695,145
IX-24e All other expensesPrograms $108,035 · Management $12,929 · Fundraising $61,332$182,296
IX-25 Total functional expensesPrograms $1,348,846 · Management $210,822 · Fundraising $117,742$1,677,410
Part X · Balance sheet $1,330,970 assets, 19 lines filed
X-1 Cash, non-interest-bearingStart of year $919,648$1,058,471
X-2 Savings and temporary cash investments$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivableStart of year $471,500$262,418
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred chargesStart of year $4,635$6,724
X-10c Land, buildings and equipment, net$3,357
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $1,395,783$1,330,970
X-17 Accounts payable and accrued expensesStart of year $78,971$118,593
X-26 Total liabilitiesStart of year $78,971$118,593
X-27 Net assets without donor restrictionsStart of year $204,352$200,784
X-28 Net assets with donor restrictionsStart of year $1,112,460$1,011,593
X-32 Total net assets or fund balancesStart of year $1,316,812$1,212,377
X-33 Total liabilities and net assetsStart of year $1,395,783$1,330,970
Part XI · Reconciliation of net assets $1,212,377 net assets at year end
XI-1 Total revenue$1,572,975
XI-2 Total expenses$1,677,410
XI-3 Revenue less expenses−$104,435
XI-4 Net assets at start of year$1,316,812
XI-10 Net assets at end of year$1,212,377

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

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