HISPANIC INFORMATION AND TELECOMMUNICATIONS NETWORK INC

EIN: 133112110 501(c)(3)

BROOKLYN, NY

Total Revenue
$207,035,599
Total Expenses
$19,320,442
Total Assets
$254,440,567
Net Assets
$249,891,633
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NY
Principal Officer
MICHAEL D NIEVES
Phone
2129665660
Tax Period
2024-01-01 to 2024-12-31

HISPANIC INFORMATION AND TELECOMMUNICATIONS NETWORK INC, founded in 1981, is a major nonprofit that reported $207.0M in total revenue in fiscal year 2024. Revenue surged 3134% from the prior year, signaling strong growth momentum. The organization ran a surplus of $187.7M, a strong 91% operating margin.

Mission

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.

Program Service Accomplishments

Program 1
Expenses: $13,690,730 Revenue: $6,668,387

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...

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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.

Program 2
Expenses: $4,103 Revenue: $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...

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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.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $6,668,387
Investment Income $200,258,857
Other Revenue $108,355
TOTAL REVENUE $207,035,599

Expense Breakdown

Grants Paid $0
Salaries & Benefits $8,270,472
Fundraising Expenses $98,594
Program Expenses $13,694,833
Other Expenses $11,049,970
TOTAL EXPENSES $19,320,442

Year-over-Year Comparison

2024 2023 Change
Revenue $207,035,599 $6,402,339 +31.3%
Expenses $19,320,442 $18,552,658 +0.0%
Net Income $187,715,157 $-12,150,319 -16.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
6
Independent Members
5
Employees
49
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$1,331,778
Total Directors
6
$819,904
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MICHAEL D NIEVES CEO/BOARD MEMBER 40.00
Officer Director
$705,206 $64,698 $769,904
EDUARDO BHATIA CHAIRPERSON 2.00
Director
$10,000 $0 $10,000
NELSON DENIS BOARD MEMBER 2.00
Director
$10,000 $0 $10,000
LINDA HERNANDEZ ROSADO BOARD MEMBER 2.00
Director
$10,000 $0 $10,000
ANGEL CRUZ BOARD MEMBER 2.00
Director
$10,000 $0 $10,000
CARMEN HERNANDEZ BOARD MEMBER 2.00
Director
$10,000 $0 $10,000
KENNEDY PAUL COO & CFO 40.00
Officer
$519,522 $42,352 $561,874
MARYANN R MARRAPODI CHIEF LEARNING & DEV. OFFICER 40.00
Highest
$265,771 $16,468 $282,239
GUILLERMO SIERRA HEAD OF TELEVISION & DIGITAL 40.00
Highest
$231,870 $16,944 $248,814
ERIC D TURPIN GENERAL MANAGER, HITN-TV 40.00
Highest
$161,823 $9,419 $171,242
MAURICIO GALLEGO DIRECTOR, CONT. OPS. & CREATIVE SVCS 40.00
Highest
$166,081 $9,078 $175,159
PEDRO R HERRERA DIRECTOR, IT & BROADCAST OPERATIONS 40.00
Highest
$166,755 $9,753 $176,508
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $207,035,599 $19,320,442 $254,440,567 $187,715,157
2023 $6,402,339 $18,552,658 $67,228,879 $-12,150,319
2022 $5,708,997 $17,721,312 $80,379,814 $-12,012,315
2021 $7,004,731 $16,207,749 $92,790,670 $-9,203,018
2020 $4,481,206 $18,100,894 $102,391,589 $-13,619,688
2019 $5,746,411 $18,446,449 $114,083,489 $-12,700,038
2018 $4,232,119 $20,795,342 $126,809,831 $-16,563,223
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