2024-10-11T13:36:19-05:00 2023-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 3RD FLOOR NEW YORK NY 100172013 990 2023-01-01 133112110 HISPANIC INFORMATION AND TELECOMMUNICATIONS NETWORK INC HISP 2129665660 63 FLUSHING AVENUE 211 BROOKLYN NY 11205 KENNEDY PAUL COO/CFO 2129665660 2024-10-11 1 0 SCOTT THOMPSETT P00741490 2125990100 2023 2024-10-15 13:58:12Z MICHAEL D NIEVES 63 FLUSHING AVENUE 211 BROOKLYN NY 11205 14884039 0 X WWW.HITN.ORG X 1981 NY TO ADVANCE THE EDUCATIONAL, CULTURAL & SOCIO-ECONOMIC ASPIRATIONS OF U.S. HISPANICS. 6 5 57 5 29285 0 71472 392832 5036071 5127115 340275 777636 261179 104756 5708997 6402339 92600 54450 0 0 7575788 7939639 0 0 97701 10052924 10558569 17721312 18552658 -12012315 -12150319 80379814 67228879 5478217 4488596 74901597 62740283 X HITN'S MISSION IS TO ADVANCE THE EDUCATIONAL, CULTURAL AND SOCIO-ECONOMIC ASPIRATIONS OF U.S. HISPANICS THROUGH THE DEVELOPMENT AND DISTRIBUTION OF QUALITY AND AUTHENTIC CONTENT, ON-AIR, ONLINE AND ON THE GROUND.HITN IS A HISPANIC FOCUSED ORGANIZATION THAT COMBINES THE UNIQUE ABILITY TO REACH THIS GROWING POPULATION THROUGH A MULTIMEDIA COMBINATION OF TV BROADCASTING, THE INTERNET, APPS, TRANSMEDIA MATERIALS AND COMMUNITY BASED INITIATIVES. 0 0 13388682 54450 5126063 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. NO OTHER HISPANIC FOCUSED ORGANIZATION COMBINES THE UNIQUE ABILITY TO REACH THIS GROWING POPULATION THROUGH A MULTIMEDIA COMBINATION OF TV BROADCASTING, THE INTERNET, AND COMMUNITY BASED INITIATIVES. HITN IS ALSO THE LARGEST HOLDER OF EBS SPECTRUM IN THE UNITED STATES. OUR CHANNEL REACHES 40 MILLION HOMES ACROSS THE UNITED STATES. (CONTINUED ON SCHEDULE O) HITN TELEVISION EDUCATES, INSPIRES, AND EMPOWERS HISPANIC VIEWERS. THE CHANNEL IS PRESENTED BY ALL MAJOR CABLE AND SATELLITE OPERATORS AS WELL AS BY SEVERAL TELECOMMUNICATION COMPANIES AND DIGITAL PLATFORMS. WITH SHOWS FOR THE WHOLE FAMILY, HITN OFFERS ENGAGING, EDUCATIONAL CONTENT ON TOPICS AS DIVERSE AS NATURAL HISTORY, SCIENCE AND TECHNOLOGY, HEALTH AND WELL-BEING, AND CURRENT AFFAIRS. 8304 0 1052 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 CRITICAL THINKING AND ENCOURAGES PROBLEM-SOLVING. 13396986 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 139 0 1 57 1 1 1 0 0 0 0 0 0 0 1 0 0 0 X 6 5 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NY X X KENNEDY PAUL 6467313632 63 FLUSHING AVENUE BROOKLYN NY 11205 MICHAEL D NIEVES CEO/BOARD MEMBER 40.00 0.00 X X 392195 0 47493 MURRAY GREGORSON CHAIRPERSON (THRU 03/2023) 2.00 0.00 X X 0 0 0 EDUARDO BHATIA CHAIRPERSON (AS OF 06/2023) 2.00 0.00 X 5000 0 0 NELSON DENIS BOARD MEMBER 2.00 0.00 X 10000 0 0 LINDA HERNANDEZ ROSADO BOARD MEMBER 2.00 0.00 X 10000 0 0 ANGEL CRUZ BOARD MEMBER 2.00 0.00 X 10000 0 0 CARMEN HERNANDEZ BOARD MEMBER (AS OF 10/2023) 2.00 0.00 X 2500 0 0 KENNEDY PAUL COO & CFO 40.00 0.00 X 262792 0 24600 JONATHAN GUERRA GENERAL COUNSEL (THRU 03/2023) 40.00 0.00 X 596817 0 100000 MARYANN R MARRAPODI CHIEF LEARNING & DEV. OFFICER 40.00 0.00 X 265770 0 3342 GUILLERMO SIERRA HEAD OF TELEVISION & DIGITAL 40.00 0.00 X 232049 0 5119 ERIC D TURPIN GENERAL MANAGER, HITN-TV 40.00 0.00 X 161823 0 1398 MAURICIO GALLEGO DIRECTOR, CONT. OPS. & CREATIVE SVCS 40.00 0.00 X 165811 0 542 PEDRO R HERRERA DIRECTOR, IT & BROADCAST OPERATIONS 40.00 0.00 X 166755 0 1486 2281512 0 183980 20 0 1 0 STROOCK & STROOCK & LAVAN LLP 180 MAIDEN LANE NEW YORK NY 10036 LEGAL 635095 PATTERSON BELKNAP WEBB & TYLER 1133 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL 391988 XPERTEKS COMPUTER CONSULTANCY INC 1001 6TH AVENUE SUITE 2301 NEW YORK NY 10018 IT CONSULTANT 185968 TAIGER COMMUNICATIONS 24 WIMBLEDON COURT WHITE PLAINS NY 10607 PRODUCTION SERVICES 178915 OVERON AMERICA LLC 7291 NW 74TH STREET MIAMI FL 33166 SATELITE SERVICES 144000 9 64304 328528 392832 AIRTIME ACCESS 516100 2463951 2463951 CABLE TELEVISION REVENUE 517000 1727927 1727927 VIDEO ON DEMAND SUBSCRIBER 900099 826035 826035 STREAMING REVENUE 516210 73922 73922 TELEVISION PRODUCTION REVENUE 900099 34558 34558 722 722 5127115 131127 131127 74711 0 74711 74711 74711 9128209 8481700 646509 646509 646509 ADVERTISING REVENUE 900099 29285 29285 MISCELLANEOUS REVENUE 900099 760 760 30045 6402339 5127115 29285 853107 54450 54450 1041804 756483 279914 5407 4659653 3383503 1251967 24183 304091 219859 82636 1596 1325539 958368 360213 6958 608552 439083 166257 3212 1450387 1070259 372924 7204 135545 100021 34851 673 24000 24000 34501 16295 17861 345 1544876 1025985 509058 9833 221992 194682 26792 518 422145 355264 65614 1267 332009 244994 85366 1649 1332601 741150 580243 11208 510021 298454 207558 4009 28898 16591 12074 233 104762 51309 52440 1013 507023 239469 262484 5070 154471 72957 79969 1545 PROGRAM ACQUISITION 1265823 1265714 107 2 DUES & SUBSCRIPTIONS 845685 740854 102844 1987 PRODUCTION TALENT 837052 617672 215223 4157 TRANSMISSION EXPENSE 400440 342428 56913 1099 406338 167142 234663 4533 18552658 13396986 5057971 97701 5250 5250 1038841 516246 100000 967032 1212361 133770 133770 1145155 954028 7962206 4989015 3480214 2973191 5691001 3443533 1700000 1700000 66118551 56290500 80379814 67228879 2349396 2110446 228528 0 2900293 2378150 5478217 4488596 X 74901597 62740283 74901597 62740283 80379814 67228879 X -12150319 -3455 -7540 X 0 1 X 1 0 X 10000 1246455 71472 392832 1720759 4974105 3790696 4950721 5036071 5127115 23878708 4974105 3800696 6197176 5107543 5519947 25599467 0 0 0 25599467 661118 295289 409420 379667 205838 1951332 21341 14707 14719 5014 29285 85066 682459 309996 424139 384681 235123 2036398 69860 12370 49583 13830 760 146403 5726424 4123062 6670898 5506054 5755830 27782268 0.92140 0.91190 0.07330 0.08200 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2019 AMOUNT: $ 45,064. 2020 AMOUNT: $ 120. 2021 AMOUNT: $ 27. 2022 AMOUNT: $ 3,830. 2023 AMOUNT: $ 760. CONSULTING SERVICES - 2019 AMOUNT: $ 24,796. 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 49,556. 2022 AMOUNT: $ 10,000. 2023 AMOUNT: $ 0. EQUIPMENT INSTALLATION - 2019 AMOUNT: $ 0. 2020 AMOUNT: $ 12,250. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 24000 24000 0 PART II-B, LINE 1: THE FOLLOWING GROUP PROVIDED ADVICE AND COUNSEL ON ISSUES DEALING WITH STATE AND FEDERAL GOVERNMENTAL BODIES: $24,000 - URBAN CONNECTIVE SOLUTIONS. 4022414 1459207 2563207 1821521 1821521 0 2118271 1708287 409984 2973191 AIRTIME ACCESS RECEIVABLE 52924503 OPERATING LEASE RIGHT-OF-USE ASSETS 3230830 SECURITY DEPOSITS 134529 OTHER ASSETS 638 56290500 OPERATING LEASE LIABILITIES 1853340 DEFERRED COMPENSATION PAYABLE 524810 2378150 X 6391344 -3455 -7540 -10995 6402339 0 6402339 18552658 0 18552658 0 18552658 PART X, LINE 2: HITN FOLLOWS GUIDANCE THAT CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, INCLUDING ISSUES RELATING TO CONSOLIDATED FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT. THIS GUIDANCE PROVIDES THAT THE TAX EFFECTS FROM AN UNCERTAIN TAX POSITION CAN ONLY BE RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IF THE POSITION IS "MORE-LIKELY-THAN-NOT" TO BE SUSTAINED IF THE POSITION WERE TO BE CHALLENGED BY A TAXING AUTHORITY. THE ASSESSMENT OF THE TAX POSITION IS BASED SOLELY ON THE TECHNICAL MERITS OF THE POSITION, WITHOUT REGARD TO THE LIKELIHOOD THAT THE TAX POSITION MAY BE CHALLENGED. HITN IS EXEMPT FROM FEDERAL INCOME TAX UNDER IRC SECTION 501(C)(3), THOUGH IT IS SUBJECT TO TAX ON INCOME UNRELATED TO ITS EXEMPT PURPOSE, UNLESS THAT INCOME IS OTHERWISE EXCLUDED BY THE CODE. HITN HAS PROCESSES PRESENTLY IN PLACE TO ENSURE THE MAINTENANCE OF ITS TAX-EXEMPT STATUS; TO IDENTIFY AND REPORT UNRELATED BUSINESS INCOME; TO DETERMINE ITS FILING AND TAX OBLIGATIONS IN JURISDICTIONS FOR WHICH IT HAS NEXUS; AND TO IDENTIFY AND EVALUATE OTHER MATTERS THAT MAY BE CONSIDERED TAX POSITIONS. HITN HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. IN ADDITION, HITN HAS NOT RECORDED A PROVISION FOR INCOME TAXES AS IT HAS NO MATERIAL TAX LIABILITY FROM UNRELATED BUSINESS INCOME ACTIVITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: FOREIGN CURRENCY TRANSACTION LOSS ($7,540) 1 PUERTO RICAN CULTURAL CENTER 2739 W DIVISION STREET CHICAGO IL 60622 237347778 501(C)(3) 10000 0 GENERAL SUPPORT NATIONAL MUSUEM OF PUERTO RICAN ARTS AND CULTURE 3015 WEST DIVISION STREET CHICAGO IL 60622 364437224 501(C)(3) 7500 0 GENERAL SUPPORT 2 0 PART I, LINE 2: HITN ONLY MAKES CHARITABLE CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS IN GOOD STANDING THAT HAVE A POSITIVE IMPACT IN COMMUNITIES WITH LARGE HISPANIC POPULATIONS. NO FURTHER MONITORING OF THE GRANTS IS REQUIRED AFTER ISSUANCE BECAUSE HITN ONLY SUPPORTS ORGANIZATIONS WHO HAVE DEMONSTRATED A CHARITABLE MISSION THAT ALIGNS WITH HITN'S. X X X X 1 1 0 0 0 0 0 0 0 JONATHAN GUERRA GENERAL COUNSEL (THRU 03/2023) 336817 0 0 0 260000 0 0 0 100000 0 696817 0 0 0 MICHAEL D NIEVES CEO/BOARD MEMBER 390882 0 0 0 1313 0 22500 0 24993 0 439688 0 0 0 KENNEDY PAUL COO & CFO 249528 0 0 0 13264 0 22500 0 2100 0 287392 0 0 0 MARYANN R MARRAPODI CHIEF LEARNING & DEV. OFFICER 265770 0 0 0 0 0 0 0 3342 0 269112 0 0 0 GUILLERMO SIERRA HEAD OF TELEVISION & DIGITAL 232049 0 0 0 0 0 0 0 5119 0 237168 0 0 0 PEDRO R HERRERA DIRECTOR, IT & BROADCAST OPERATIONS 166755 0 0 0 0 0 0 0 1486 0 168241 0 0 0 MAURICIO GALLEGO DIRECTOR, CONT. OPS. & CREATIVE SVCS 165811 0 0 0 0 0 0 0 542 0 166353 0 0 0 ERIC D TURPIN GENERAL MANAGER, HITN-TV 161823 0 0 0 0 0 0 0 1398 0 163221 0 0 0 PART I, LINES 4A-B GENERAL COUNSEL JONATHAN GUERRA, RECEIVED A SEVERANCE PAYMENT OF $160,000 IN CALENDAR YEAR 2023; IN ADDITION HE RECEIVED A $100,000 PAYOUT FROM THE ORGANIZATION'S SECTION 457(B) DEFERRED COMPENSATION PLAN. BOTH AMOUNTS ARE REPORTED IN SCHEDULE J, PART II, COLUMN (B)(III). THE $100,000 PAYOUT FROM THE DEFERRED COMPENSATION PLAN IS LIKEWISE REPORTED IN SCHEDULE J PART II, COLUMN (F) TO REPRESENT CURRENT COMPENSATION OF AN AMOUNT PREVIOUSLY DISCLOSED ON A HITN FORM 990 AS DEFERRED COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO EACH OF HITN'S BOARD MEMBERS AT A BOARD MEETING. THE FORM 990 IS REVIEWED AND THE BOARD IS PROVIDED THE OPPORTUNITY TO ASK QUESTIONS AND DISCUSS ANY SUGGESTED CHANGES WITH MANAGEMENT. THE BOARD WILL THEN BE ASKED TO APPROVE THE SUBMISSION OF THE FINAL VERSION BEFORE IT IS ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C HITN HAS A RIGOROUS PROCESS IN PLACE FOR MONITORING OFFICER, DIRECTOR AND KEY EMPLOYEE COMPLIANCE WITH ITS CONFLICT OF INTEREST POLICY. EACH OFFICER, DIRECTOR, AND KEY EMPLOYEE (AS WELL AS SENIOR STAFF) IS REQUIRED TO ANNUALLY COMPLETE A QUESTIONNAIRE DISCLOSING TRANSACTIONS THAT COULD POTENTIALLY IMPAIR INDEPENDENCE. THE ORGANIZATION'S ANNUAL QUESTIONNAIRE HAS BEEN CONFORMED TO COMPLY WITH THE REQUIREMENTS OF THE FORM 990 SO AS TO ENSURE THAT ALL POTENTIALLY REPORTABLE TRANSACTIONS ARE UNCOVERED AND DISCLOSED. UPON DISCLOSURE OF A CONFLICT OF INTEREST OR POTENTIAL CONFLICT OF INTEREST, THE AUDIT COMMITTEE OF THE BOARD WILL REVIEW THE MATTER AND DETERMINE WHETHER TO APPROVE OR RATIFY SUCH MATTER DEPENDING ON A NUMBER OF FACTORS, INCLUDING, WHETHER THE TERMS OF THE TRANSACTION ARE FAIR, REASONABLE AND IN THE BEST INTEREST OF HITN; WHETHER THERE ARE ALTERNATIVE TRANSACTIONS THAT DO NOT PRESENT A CONFLICT; WHETHER THE TRANSACTION ADVANCES HITN'S MISSION; AND WHETHER SUCH TRANSACTION COULD RESULT IN AN IMPERMISSIBLE PRIVATE BENEFIT TO THE IMPACTED INDIVIDUAL. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS ESTABLISHES THE COMPENSATION FOR THE CEO. IN 2024 THE BOARD AUTHORIZED THE COMMISSIONING OF A NEW COMPENSATION STUDY TO ENSURE THAT THE COMPENSATION IT PAYS CONTINUES TO BE WITHIN MARKET. THE CURRENT COMPENSATION OF THE ORGANIZATION'S OFFICERS IS BASED ON A PREVIOUSLY CONDUCTED INDEPENDENT COMPENSATION STUDY. THE RESULTS OF THIS STUDY WERE REVIEWED BY THE BOARD OF DIRECTORS AND WERE USED TO ASSIST IN ESTABLISHING THE COMPENSATION LEVELS. ALL COMPENSATION DECISIONS WEREMEMORIALIZED IN THE ORGANIZATION'S BOARD OF DIRECTOR'S MINUTES. FORM 990, PART VI, SECTION C, LINE 19 HITN MAKES ITS FORM 990 AVAILABLE TO THE PUBLIC BY RETAINING A COPY AT ITS PLACE OF BUSINESS AND ON ITS WEBSITE, WWW.HITN.ORG. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. THE ORGANIZATION'S FINANCIAL STATEMENTS ARE MADE AVAILABLE IN ITS ANNUAL REPORT AND ON ITS WEBSITE. THE ORGANIZATION'S GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE NOT ORDINARILY MADE AVAILABLE TO THE PUBLIC, BUT, IF REQUESTED, WILL BE PROVIDED AT MANAGEMENT'S DISCRETION. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSACTION LOSS -7,540. HITN-PUERTO RICO LLC 63 FLUSHING AVE BROOKLYN NY 11205 133112110 TITLE HOLDING DE 0 0 HITN HITN SPECTRUM LLC 63 FLUSHING AVE BROOKLYN NY 11205 133112110 TITLE HOLDING DE 0 0 HITN CW WIRELESS INVESTMENT LLC 63 FLUSHING AVE BROOKLYN NY 11205 133112110 TITLE HOLDING DE 0 0 HITN HITN EDUCATION LLC 63 FLUSHING AVE BROOKLYN NY 11205 133112110 TITLE HOLDING DE 0 0 HITN