LATINO MEDIA COLLABORATIVE

EIN: 854098339 501(c)(3) Arts, Culture & Humanities

LOS ANGELES, CA

Total Revenue
$1,583,671
Total Expenses
$1,046,916
Total Assets
$1,075,156
Net Assets
$1,016,560
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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
CA
Principal Officer
ARTURO CARMONA
Phone
3238134382
Tax Period
2023-01-01 to 2023-12-31

LATINO MEDIA COLLABORATIVE, founded in 2021, is a community nonprofit in the Arts, Culture & Humanities sector that reported $1.6M in total revenue in fiscal year 2023. Revenue surged 303% from the prior year, signaling strong growth momentum. The organization ran a surplus of $537K, a strong 34% operating margin.

Mission

THE CORPORATION'S MISSION IS TO SUPPORT THE LATINO MEDIA SECTOR AND PROTECT COMMUNITY JOURNALISM WHILE ADVANCING THE INTERESTS OF LATINO COMMUNITIES THROUGH SPECIFIC PROGRAMMATIC SOLUTIONS CONDUCTING ACTIVITIES WITHIN THE MEANING OF IRC SECTION 501(C)(3).

Program Service Accomplishments

Program 1
Expenses: $239,625

OUTREACH AND EDUCATION CAMPAIGNSCAMPAIGNS: LMC DEVELOPS HIGH-IMPACT MEDIA AND OUTREACH CAMPAIGNS IN PARTNERSHIP WITH THE LATINO MEDIA SECTOR TO ADVANCE AN INFORMED AND HIGHLY ENGAGED LATINO COMMUNITY...

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OUTREACH AND EDUCATION CAMPAIGNSCAMPAIGNS: LMC DEVELOPS HIGH-IMPACT MEDIA AND OUTREACH CAMPAIGNS IN PARTNERSHIP WITH THE LATINO MEDIA SECTOR TO ADVANCE AN INFORMED AND HIGHLY ENGAGED LATINO COMMUNITY AND TO INCREASE PUBLIC AND POLITICAL WILL FOR POLICIES THAT PROMOTE DIVERSITY, INCLUSION, AND RACIAL EQUITY WITH A MAJOR FOCUS LAST YEAR ON THE STOP THE HATE INITAITAVE. WE WORK WITH SEVEREL PARTNERS WITHIN OUR NETWORK OF OVER 25 PRINT, DIGITAL, AND BROADCAST LATINO MEDIA OUTLETS - INCLUDING A COMBINATION OF SMALLER, HYPERLOCAL OUTLETS, AS WELL AS STATEWIDE AND NATIONAL PARTNERS. OUR SMALLER, ETHNIC MEDIA OUTLETS INCLUDE LA NUEVA VOZ AND HISPANIC LA, LLC (GREATER LOS ANGELES), EL POPULAR AND VIDA EN EL VALLE (CENTRAL VALLEY), EL LATINO (SAN DIEGO), VIDA NEWSPAPER (VENTURA COUNTY), EL INFORMADOR DEL VALLE (COACHELLA/INLAND EMPIRE), AND EL TMPANO AND ALIANZA NEWS (SAN FRANCISCO BAY AREA), AMONG OTHERS. OUR STATEWIDE AND NATIONAL PARTNERS INCLUDE THE RADIO BILINGUE, SPANISH BROADCASTING SYSTEM, NBC/TELEMUNDO, AND UNIVISION. THESE PARTNERS HAVE STRENGTH IN ORIGINAL CONTENT CREATION IN ENGLISH AND / OR SPANISH ACROSS MULTIPLE PLATFORMS, INCLUDING DIGITAL AND TRADITIONAL MEDIA AND BROADCAST TELEVISION AND RADIO. THE MAJORITY OF PARTNER OUTLETS SERVE LATINO/LATINA/LATINX, IMMIGRANT AND REFUGEE, AND LIMITED ENGLISH PROFICIENT (LEP) COMMUNITIES. COMBINED, OUR PARTNERS HAVE AN ESTIMATED REACH OF OVER 3 MILLION IN PRINT, RADIO, TV, AND ONLINE IMPRESSIONS.

Program 2
Expenses: $239,625

NEWS CONTENT DEVELOPMENT. WE CONTINUED TO BUILD AND EXPAND ON OUR NEWS CONTENT DEVELOPMENT, FOCUSING ON INCREASED EDITING, REPORTING AND CONTENT DEVELOPMENT CAPABILITIES. WE LAUNCHED A WEEKLY DIGITAL...

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NEWS CONTENT DEVELOPMENT. WE CONTINUED TO BUILD AND EXPAND ON OUR NEWS CONTENT DEVELOPMENT, FOCUSING ON INCREASED EDITING, REPORTING AND CONTENT DEVELOPMENT CAPABILITIES. WE LAUNCHED A WEEKLY DIGITAL NEWSLETTER, CALO NEWS, INCLUDING ACTIVATING ITS SOCIAL MEDIA PRESENCE. OUR CALO NEWS PROGRAM IS AN ENGLISH LANGUAGE NEWS AND MEDIA OUTLET CREATED TO MEET THE NEEDS OF THE GROWING U.S. ADULT LANINX POPULATION BY PROVIDING NEWS COVERAGE ON THE MOST PRESSING ISSUES. OUR OFFICIAL NEWS SITE LAUNCH WAS HELD AS PART OF OUR FIRST ANNUAL SUMMIT AND CURRENTLY REACHES AN EMAIL LIST WITH OVER 7,200 SUBSCRIBERS, AND SOCIAL MEDIA AUDIENCE OF 5K ON FACEBOOK, 2.8K ON INSTAGRAM, AND 9.5K ON "X" (FORMERLY TWITTER).

Program 3
Expenses: $159,749

TRAINING & CAPACITY BUILDING. LMC AND OUR AFFILIATED MEDIA ROUNDTABLES ARE WORKING TO BUILD CROSS-SECTOR COALITIONS BETWEEN LATINO AND ETHNIC MEDIA, ISSUE LEADERS, AND COMMUNITY INFLUENCERS TO ENSURE...

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TRAINING & CAPACITY BUILDING. LMC AND OUR AFFILIATED MEDIA ROUNDTABLES ARE WORKING TO BUILD CROSS-SECTOR COALITIONS BETWEEN LATINO AND ETHNIC MEDIA, ISSUE LEADERS, AND COMMUNITY INFLUENCERS TO ENSURE THAT OUR COMMUNITIES HAVE ACCESS TO HIGH-QUALITY INDEPENDENT NEWS WHILE BUILDING RESILIENCY IN THE SECTOR. LAST YEAR WE HELD OUR FIRST ANNUAL SUMMIT ON THE STATE OF THE LATINO MEDIA SECTOR TO FOSTER THIS AREA OF OUR WORK. ATTENDED BY OVER 50 FUNDERS, JOURNALISTS, PARTNER OUTLETS, GOVERNMENT OFFICIALS, AS WELL AS STUDENTS, THE EVENT WAS A CELEBRATION OF OUR COLLECTIVE SUCCESSES AND AN EXPLORATION OF NEXT STEPS IN OUR JOURNEY TO STRENGTHEN THE LATINO MEDIA SECTOR. OUR DISTINGUISHED SPEAKERS INCLUDED DOLORES HUERTA, THE CITY UNIVERSITY OF NEW YORK, UNVISION, ELECTED OFFICIALS, AND OTHERS.WE SERVED APPROXIMATELY 11 MEDIA OUTLETS DURING THE YEAR.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,583,671
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $1,583,671

Expense Breakdown

Grants Paid $126,240
Salaries & Benefits $211,155
Fundraising Expenses $109,152
Program Expenses $798,748
Other Expenses $709,521
TOTAL EXPENSES $1,046,916

Year-over-Year Comparison

2023 2022 Change
Revenue $1,583,671 $392,505 +3.0%
Expenses $1,046,916 $662,823 +0.6%
Net Income $536,755 $-270,318 -3.0%
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
4
Independent Members
4
Employees
4
Volunteers
8

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
5
$96,000
Total Directors
8
$96,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARTURO CARMONA PRESIDENT/EXECUTIVE DIRECTOR 40.00
Officer Director
$96,000 $0 $96,000
GABRIEL LERNER TREASURER 0.50
Officer Director
$0 $0 $0
SARA HERNANDEZ BOARD MEMBER 0.50
Officer Director
$0 $0 $0
LAURA CASTANEDA BOARD MEMBER 0.50
Director
$0 $0 $0
BENJAMIN TORRES CHAIR 0.50
Officer Director
$0 $0 $0
JESSICA GONZALEZ BOARD MEMBER 0.50
Director
$0 $0 $0
EFRAIN ESCOBEDO BOARD MEMBER 0.50
Director
$0 $0 $0
ARMANDO GUDINO BOARD MEMBER 0.50
Director
$0 $0 $0
ESPERANZA GUEVARA MANAGING DIRECTOR 40.00
Officer
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $1,583,671 $1,046,916 $1,075,156 $536,755
2023 $1,900,171 $1,062,565 $1,395,783 $837,606
2022 $392,505 $662,823 $533,275 $-270,318
2021 $915,619 $166,096 $785,136 $749,523
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