Hispanic Information and Telecommunications Network Inc

“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.”

“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.”

“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.”

“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.”

“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.”

“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.”

“Foreign currency transaction loss -27,546.”