Hispanic Information & Telecommunications Network Inc.

“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.”

“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 organizations 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 hitns mission; and whether such transaction could result in an impermissible private benefit to the impacted individual.”

“The board of directors establishes compensation for the ceo. In 2016 the board of directors contracted an independent compensation consultant to complete a compensation study on the organization's top three officers. The results of the study were reviewed by the board of directors at the july 2016 and september 2016 board meetings. These results were used by the board of directors to assist in establishing compensation levels for the organization's top three officers. All compensation decisions were memorialized in the organization's board of director's minutes.”

“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.”