Latino Media Collaborative

“The organization has entered a memorandum of understanding with consejo de federaciones mexicanas en norteamerica (cofem), wherein cofem has accepted management and fiscal sposnsorship of the organization's for a fee.”

“Latino media collaborative's president reviews the form 990 for accuracy. Subsequently form 990, complete with all schedules, is then provided to the full board before filing with the irs.”

“Latino media collaborative (the "corporation") has a conflict of interest policy that requires its directors, officers, employees and volunteers to observe high standards of business and personal ethics in the conduct of their duties and responsibilities. An interested person is required to make an appropriate disclosure of all material facts, including the existence of any financial interest, at any time that any actual or potential conflict of interest arises. This disclosure obligation includes instances in which an interested person who is a director knows of the potential for a self dealing transaction or a transaction involving common directorship related to his or her interests. It also includes instances in which the interested person plans not to attend a meeting of the board or a board committee with governing board delegated powers (a "committee") at which he or she has reason to believe that the board or committee will act regarding a matter about which he or she may have a conflict. Depending on the circumstances, this disclosure may be made to the secretary of the board, or, if the potential conflict of interest first arises in the context of a board or committee meeting, the entire board or the members of the committee considering the proposed transaction or arrangement that relates to the actual or possible conflict of interest. In addition, interested persons are required to make an annual disclosure of on-going relationships and interests that may present a conflict of interest. If an interested person becomes aware of any potential self dealing or common directorship transaction or other conflict of interest involving another interested person, he or she should report it to the board. After disclosure of all material facts and any follow-up discussion with the interested person with a potential conflict of interest, a determination is made about whether a material financial interest, self dealing transaction or other kind of actual conflict exists. If the potential conflict is first disclosed during a board or committee meeting at which the interested person with the potential conflict is in attendance, the interested person should leave the meeting while the determination of whether a conflict of interest exists is either discussed and voted upon or referred to committee for further consideration. If it is determined that an actual conflict of interest exists which also constitutes a "self dealing" transaction, then the transaction or matter in question can only be authorized if approved by a vote of a majority of directors in office. If it is determined that an actual conflict of interest exists which is not a "self dealing" transaction, but involves participation by the interested person in decisions or negotiations related to a material contract, transaction or other matter between the corporation on the one hand and (i) the interested person, (ii) an entity in which the interested person or a family member of such person has financial interest, or (iii) an entity with which the interested person has an agency relationship on the other hand, then the matter in question can only be authorized if approved by the majority of the board or committee members present at the meeting. In all other circumstances where it is determined that an actual conflict of interest exists, the decision-making body will recommend an appropriate course of action to protect the interests of the corporation. All disclosures and the outcome of the deliberation about whether a conflict of interest exists will be recorded in the minutes of the appropriate deliberative meeting. Prior to voting on a contract, transaction or matter in which an actual conflict of interest is found to exist: (a) the interested person may make a presentation at the board or committee meeting at which such transaction is being considered, but after the presentation, he or she should leave the meeting during the discussion of, and the vote on, the transacti”

“Current federal tax law does not require that the organization make its governing documents, conflict of interest policy or financial statements available to the public. However, the organization may provide one or more of these documents upon written request.”

“Hr consultant: program service expenses 13,629. Management and general expenses 9,411. Fundraising expenses 2,836. Total expenses 25,876. Journalist/editor/social media: program service expenses 203,468. Management and general expenses 0. Fundraising expenses 0. Total expenses 203,468. Development consultants: program service expenses 0. Management and general expenses 0. Fundraising expenses 78,276. Total expenses 78,276. Administration expenses: program service expenses 3,955. Management and general expenses 2,131. Fundraising expenses 824. Total expenses 6,910. General program consulting: program service expenses 10,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,250.”

“Meals and entertainment: program service expenses 13,603. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,603. Program expenses: program service expenses 13,132. Management and general expenses 0. Fundraising expenses 0. Total expenses 13,132. Miscellaneous expense: program service expenses 1,039. Management and general expenses 5,617. Fundraising expenses 136. Total expenses 6,792. Workers compensation: program service expenses 235. Management and general expenses 84. Fundraising expenses 0. Total expenses 319.”

“The following parts and schedules of the form 990 are amended: form 990, part i, lines 8, 17, 18, 19, 20 & 21 form 990, part iii lines 4a expenses, 4b expenses, 4c expenses, & 4d expenses form 990, part vi, lines 1f & 1h form 990, part ix statement of functional expenses lines 5, 11b, 11g, 13, 17, 24a, 24d & 24e form 990, part x, balance sheet all lines 4, 9, 16, 17, 26, 27, 28, 32 & 33 schedule a, part ii, lines 1e, 4e, & 11 schedule d, part xiii supplemental information the organization received its audited financial statements after the form 990 filing deadline. This amended form 990 is being filed to correct all the financial information to be consistent with the issued audited financial statements.”