2025-10-01T14:33:13-05:00 2024-12-31 991856619 GRANT THORNTON ADVISORS LLC 757 THIRD AVENUE 9TH FLOOR NEW YORK NY 100172013 990 2024-01-01 133112110 HISPANIC INFORMATION AND TELECOMMUNICATIONS NETWORK INC HISP 2129665660 63 FLUSHING AVENUE 211 BROOKLYN NY 11205 KENNEDY PAUL COO/CFO 2129665660 2025-10-01 1 0 SCOTT THOMPSETT P00741490 2125990100 2024 2025-03-06 01:10:19Z MICHAEL D NIEVES 63 FLUSHING AVENUE 211 BROOKLYN NY 11205 258625427 0 X WWW.HITN.ORG X 1981 NY TO ADVANCE THE EDUCATIONAL, CULTURAL & SOCIO-ECONOMIC ASPIRATIONS OF U.S. HISPANICS. 6 5 49 0 792 0 392832 0 5127115 6668387 777636 200258857 104756 108355 6402339 207035599 54450 0 0 0 7939639 8270472 0 0 98594 10558569 11049970 18552658 19320442 -12150319 187715157 67228879 254440567 4488596 4548934 62740283 249891633 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 13690730 0 6668387 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. 4103 0 0 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. 13694833 1 0 0 1 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 103 0 1 49 1 0 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 KENNEDY PAUL 6467313632 63 FLUSHING AVENUE BROOKLYN NY 11205 MICHAEL D NIEVES CEO/BOARD MEMBER 40.00 0.00 X X 705206 0 64698 EDUARDO BHATIA CHAIRPERSON 2.00 0.00 X 10000 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 2.00 0.00 X 10000 0 0 KENNEDY PAUL COO & CFO 40.00 0.00 X 519522 0 42352 MARYANN R MARRAPODI CHIEF LEARNING & DEV. OFFICER 40.00 0.00 X 265771 0 16468 GUILLERMO SIERRA HEAD OF TELEVISION & DIGITAL 40.00 0.00 X 231870 0 16944 ERIC D TURPIN GENERAL MANAGER, HITN-TV 40.00 0.00 X 161823 0 9419 MAURICIO GALLEGO DIRECTOR, CONT. OPS. & CREATIVE SVCS 40.00 0.00 X 166081 0 9078 PEDRO R HERRERA DIRECTOR, IT & BROADCAST OPERATIONS 40.00 0.00 X 166755 0 9753 2267028 0 168712 19 0 1 0 PATTERSON BELKNAP WEBB & TYLER 1133 AVENUE OF THE AMERICAS NEW YORK NY 10036 LEGAL 322651 COZEN O'CONNER 175 GREENWICH STREET 55TH FLOOR NEW YORK NY 10036 LEGAL 285988 SUMMIT RIDGE GROUP 49 WEST 38TH STREET 12TH FLOOR NEW YORK NY 10018 CONSULTING 184249 TAIGER COMMUNICATIONS 24 WIMBLEDON COURT WHITE PLAINS NY 10607 PRODUCTION SERVICES 180000 XPERTEKS COMPUTER CONSULTANCY INC 1001 6TH AVENUE SUITE 2301 NEW YORK NY 10036 IT CONSULTANT 143726 12 X AIRTIME ACCESS 516100 3771923 3771923 CABLE TELEVISION REVENUE 517000 1659117 1659117 VIDEO ON DEMAND SUBSCRIBER 900099 1145103 1145103 STREAMING REVENUE 516210 66284 66284 TELEVISION PRODUCTION REVENUE 900099 25960 25960 6668387 2186711 2186711 107563 0 107563 107563 107563 8661974 241000000 7893555 43696273 768419 197303727 198072146 198072146 ADVERTISING REVENUE 900099 792 792 792 207035599 6668387 792 200366420 X 1224727 831751 386089 6887 4659577 3164466 1468908 26203 901406 634139 262580 4687 886042 623292 258148 4602 598720 415163 180340 3217 1173305 898307 270178 4820 145502 111399 33505 598 20000 20000 18504 7946 10373 185 2217910 1684034 524519 9357 113891 89989 23483 419 174575 78703 94192 1680 326847 250241 75263 1343 1341205 711396 618772 11037 598747 363218 231401 4128 48051 25673 21986 392 41956 18016 23520 420 445049 191110 249488 4451 155517 66781 87181 1555 PROGRAM ACQUISITION 1774224 1723971 49372 881 PRODUCTION TALENT 987165 755794 227316 4055 DUES & SUBSCRIPTIONS 869705 752158 115487 2060 REPAIR & MAINTENANCE 339260 150032 185912 3316 258557 127254 129002 2301 19320442 13694833 5527015 98594 5250 516246 241913740 1212361 1360428 133770 133770 1088557 1105816 7962206 5434064 2973191 2528142 3443533 168478 1700000 1700000 56155971 5530193 67228879 254440567 2110446 2687108 2378150 1861826 4488596 4548934 X 62740283 249891633 62740283 249891633 67228879 254440567 X 187715157 -536261 -27546 X 0 1 X 1 0 X 10000 1246455 71472 392832 0 1720759 3790696 4950721 5036071 5127115 6668387 25572990 3800696 6197176 5107543 5519947 6668387 27293749 0 0 0 27293749 295289 409420 379667 205838 2294274 3584488 14707 14719 5014 29285 792 64517 309996 424139 384681 235123 2295066 3649005 12370 49583 13830 760 76543 4123062 6670898 5506054 5755830 8963453 31019297 0.87990 0.92140 0.11760 0.07330 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS - 2020 AMOUNT: $ 120. 2021 AMOUNT: $ 27. 2022 AMOUNT: $ 3,830. 2023 AMOUNT: $ 760. 2024 AMOUNT: $ 0. CONSULTING SERVICES - 2020 AMOUNT: $ 0. 2021 AMOUNT: $ 49,556. 2022 AMOUNT: $ 10,000. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. EQUIPMENT INSTALLATION - 2020 AMOUNT: $ 12,250. 2021 AMOUNT: $ 0. 2022 AMOUNT: $ 0. 2023 AMOUNT: $ 0. 2024 AMOUNT: $ 0. 0 0 0 0 0 0 0 0 1 20000 20000 0 PART II-B, LINE 1: THE FOLLOWING GROUP PROVIDED ADVICE AND COUNSEL ON ISSUES DEALING WITH STATE AND FEDERAL GOVERNMENTAL BODIES: $20,000 - URBAN CONNECTIVE SOLUTIONS. 202833942 202833942 1.00000 0 0 4022414 1704945 2317469 1821521 1821521 0 2118271 1907598 210673 2528142 OPERATING LEASE LIABILITIES 1329510 DEFERRED COMPENSATION PAYABLE 532316 1861826 X 206471792 -536261 -27546 -563807 207035599 0 207035599 19320442 0 19320442 0 19320442 PART V, LINE 4: WITH THE SALE OF CERTAIN EBS SPECTRUM LICENSES IN OCTOBER OF 2024, HITN ESTABLISHED AN ENDOWMENT FUND TO BE DIRECTED BY THE BOARD OF DIRECTORS AND INTENDED TO PRESERVE THE PRINCIPAL IN ACCORDANCE WITH NEW YOK STATES NPCL ARTICLE 5-A, THE PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT. HITN HAS IMPLEMENTED INVESTMENT AND SPENDING POLICIES FOR ENDOWMENT ASSETS THAT SUPPORT THE OBJECTIVE OF PROVIDING A SUSTAINABLE AND INCREASING LEVEL OF ENDOWMENT INCOME THAT WILL BE DETERMINED BY MANAGEMENT AND THE BOARD OF DIRECTORS TO ALLOW FOR DISTRIBUTIONS TO SUPPORT HITN'S ACTIVITIES IN THE FUTURE. 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 (-$27,546) X X X X 0 1 0 0 0 0 0 0 0 MICHAEL D NIEVES CEO/BOARD MEMBER 390379 0 0 0 314827 0 40250 0 24448 0 769904 0 0 0 KENNEDY PAUL COO & CFO 209698 0 0 0 309824 0 40250 0 2102 0 561874 0 0 0 MARYANN R MARRAPODI CHIEF LEARNING & DEV. OFFICER 265771 0 0 0 0 0 13125 0 3343 0 282239 0 0 0 GUILLERMO SIERRA HEAD OF TELEVISION & DIGITAL 231870 0 0 0 0 0 11646 0 5298 0 248814 0 0 0 PEDRO R HERRERA DIRECTOR, IT & BROADCAST OPERATIONS 166755 0 0 0 0 0 8267 0 1486 0 176508 0 0 0 MAURICIO GALLEGO DIRECTOR, CONT. OPS. & CREATIVE SVCS 166081 0 0 0 0 0 8267 0 811 0 175159 0 0 0 ERIC D TURPIN GENERAL MANAGER, HITN-TV 161823 0 0 0 0 0 8021 0 1398 0 171242 0 0 0 PART I, LINE 4B MICHAEL NIEVES, CHIEF EXECUTIVE OFFICER, AND KENNEDY PAUL, CHIEF FINANCIAL OFFICER, PARTICIPATE IN THE ORGANIZATION'S SECTION 457(F) PLAN. THE SECTION 457(F) PLAN WAS ADOPTED IN 2016 BUT HAD NOT RECEIVED ANY EMPLOYER FUNDING IN THE PAST FEW YEARS. THE BOARD RESOLVED TO RENEW PLAN FUNDING IN 2024 AND CREDITED BOTH THE CEO AND CFO FOR THEIR 2021 AND 2022 TAX YEAR IN CALENDAR YEAR 2024. THE VESTING PERIOD FOR THE 457(F) PLAN IS TWO YEARS; ACCORDINGLY, THE CEO AND CFO RECEIVED SECTION 457(F) PAYOUTS OF $312,814 AND $309,824 RESPECTIVELY IN CALENDAR YEAR 2024. FORM 990, PART VI, SECTION B, LINE 11B A DRAFT COPY OF THE FORM 990 IS PROVIDED TO EACH OF HITN'S BOARD MEMBERS PRIOR TO A BOARD MEETING. THE FORM 990 IS REVIEWED AT A BOARD MEETING 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 FULL 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 WERE MEMORIALIZED IN THE ORGANIZATION'S BOARD OF DIRECTOR'S MINUTES. THE INDEPENDENT COMPENSATION STUDY WAS COMPLETED IN JULY OF 2025 AND THE ORGANIZATION WAS ABLE TO DOCUMENT THAT ITS ORGANIZATION-WIDE COMPENSATION ALIGNS WITH ITS PEERS IN THE INDUSTRY. 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. THE FORM 990 IS LIKEWISE PUBLISHED ON THE INTERNET AT WWW.GUIDESTAR.ORG. 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 VIII, LINE 7 IN CALENDAR YEAR 2024, THE HISPANIC INFORMATION AND TELECOMMUNICATIONS NETWORK FINALIZED THE SALE OF CERTAIN EBS SPECTRUM LICENSES. THIE SALE WAS SUBJECT TO APPROVAL BY THE NEW YORK STATE ATTORNEY GENERAL TO ENSURE THAT CERTAIN STATUTORY REQUIREMENTS WERE MET. THE NEW YORK ATTORNEY GENERAL REQUIRED MOST OF THE SALE PROCEEDS TO BE HELD BY HITN TO FUNCTION AS AN ENDOWMENT FUND INTENDED TO PRESERVE PRINCIPAL; THE ATTORNEY GENERAL AUTHORIZED THE REMAINING PROCEEDS TO BE USED FOR CERTAIN BOARD AUTHORIZED CAPITAL EXPENDITURES. FORM 990, PART IX, LINE 11G OTHER FEES: PROGRAM SERVICE EXPENSES 318,231. MANAGEMENT AND GENERAL EXPENSES 113,734. FUNDRAISING EXPENSES 2,029. TOTAL EXPENSES 433,994. OUTSIDE SALES SUPPORT: PROGRAM SERVICE EXPENSES 428,324. MANAGEMENT AND GENERAL EXPENSES 128,824. FUNDRAISING EXPENSES 2,298. TOTAL EXPENSES 559,446. OUTSIDE ANIMATION DEVELOPMENT: PROGRAM SERVICE EXPENSES 145,143. MANAGEMENT AND GENERAL EXPENSES 43,654. FUNDRAISING EXPENSES 779. TOTAL EXPENSES 189,576. OUTSIDE MARKETING SUPPORT: PROGRAM SERVICE EXPENSES 88,242. MANAGEMENT AND GENERAL EXPENSES 26,540. FUNDRAISING EXPENSES 473. TOTAL EXPENSES 115,255. DIGITAL DEVELOPMENT & CONTENT: PROGRAM SERVICE EXPENSES 91,318. MANAGEMENT AND GENERAL EXPENSES 27,465. FUNDRAISING EXPENSES 490. TOTAL EXPENSES 119,273. OUTSIDE PUBLIC RELATIONS: PROGRAM SERVICE EXPENSES 66,152. MANAGEMENT AND GENERAL EXPENSES 19,896. FUNDRAISING EXPENSES 355. TOTAL EXPENSES 86,403. OTHER OUTSIDE SUPPORT: PROGRAM SERVICE EXPENSES 546,624. MANAGEMENT AND GENERAL EXPENSES 164,406. FUNDRAISING EXPENSES 2,933. TOTAL EXPENSES 713,963. FORM 990, PART XI, LINE 9: FOREIGN CURRENCY TRANSACTION LOSS -27,546. 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