Hispanic Information & Telecommunications Network Inc
501(c)(3) Donations tax-deductible
72% goes to programs $25 to raise $100 Strong reserves Growing revenue
Hispanic Information & Telecommunications Network Inc is a 501(c)(3) organization based in Brooklyn, New York, registered in 1982, with $6,402,339 in FY2023 revenue. CharityIndex grades it C, and it directs about 72% of spending to programs.
63 Flushing Ave Unit 281, Brooklyn, NY, 11205 EIN 13-3112110 Since 1982
Revenue (FY2023)
$6.4M
▲ 12.1% vs prior year
Expenses (FY2023)
$18.6M
Net assets
$62.7M
Employees
57
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →BProgram efficiency40% of the rating72% to programs · $25 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Hispanic Information & Telecommunications Network Inc: 72% to programs · $25 to raise $100 earns a B on this criterion. See the exact thresholds →
FFinancial health25% of the rating41 mo reserves · -190% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Hispanic Information & Telecommunications Network Inc: 41 mo reserves · -190% margin earns a F on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Hispanic Information & Telecommunications Network Inc: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Hispanic Information & Telecommunications Network Inc: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
To advance the educational, cultural & socio-economic aspirations of u.s. hispanics.
What they do
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.
Contact & location
Financial trends
Revenue declined from $17.2M (FY2013) to $6.4M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $4.5MNet assets $62.7M
Operating margin
-189.8%
Spent more than it raised in the latest fiscal year.
Total assets
$67.2M
Total liabilities
$4.5M
Net assets
$62.7M
Salaries & benefits
$7.9M
43% of expenses
Board members
6
5 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $6,402,339▲12.1% | $18,552,658▲4.7% | $62,740,283▼16.2% | $67,228,879▼16.4% | 990 |
| 2022 | $5,708,997▼18.5% | $17,721,312▲9.3% | $74,901,597▼15.6% | $80,379,814▼13.4% | 990 |
| 2021 | $7,004,731▲56.3% | $16,207,749▼10.5% | $88,712,421▼8.6% | $92,790,670▼9.4% | 990 |
| 2020 | $4,481,206▼22.0% | $18,100,894▼1.9% | $97,011,570▼11.8% | $102,391,589▼10.2% | 990 |
| 2019 | $5,746,411▲35.8% | $18,446,449▼11.3% | $109,943,307▼9.8% | $114,083,489▼10.0% | 990 |
| 2018 | $4,232,119▲39.8% | $20,795,342▲22.8% | $121,915,781▼12.7% | $126,809,831▼10.3% | 990 |
| 2017 | $3,027,591▼96.8% | $16,929,823▲4.4% | $139,587,537▼8.4% | $141,399,745▼8.0% | 990 |
| 2016 | $96,065,123▲431% | $16,209,440▲23.8% | $152,426,994▲111% | $153,625,016▲107% | 990 |
| 2015 | $18,089,180▲142% | $13,091,264▲1.1% | $72,385,713▲7.2% | $74,261,207▲8.0% | 990 |
| 2014 | $7,482,513▼56.6% | $12,945,652▼14.4% | $67,522,017▼7.5% | $68,757,037▼7.5% | 990 |
| 2013 | $17,230,041 | $15,123,625 | $72,987,717 | $74,308,626 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Jonathan Guerra — $596,817 (3.22% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Jonathan Guerra | General Counsel (thru 03/2023) | 40 | $596,817 |
| Michael D Nieves | Ceo/board Member | 40 | $392,195 |
| Maryann R Marrapodi | Chief Learning & Dev. Officer | 40 | $265,770 |
| Kennedy Paul | Coo & Cfo | 40 | $262,792 |
| Guillermo Sierra | Head of Television & Digital | 40 | $232,049 |
| Pedro R Herrera | Director, It & Broadcast Operations | 40 | $166,755 |
| Mauricio Gallego | Director, Cont. Ops. & Creative Svcs | 40 | $165,811 |
| Eric D Turpin | General Manager, Hitn-tv | 40 | $161,823 |
| Angel Cruz | Board Member | 2 | $10,000 |
| Linda Hernandez Rosado | Board Member | 2 | $10,000 |
| Nelson Denis | Board Member | 2 | $10,000 |
| Eduardo Bhatia | Chairperson (as of 06/2023) | 2 | $5,000 |
| Carmen Hernandez | Board Member (as of 10/2023) | 2 | $2,500 |
| Murray Gregorson | Chairperson (thru 03/2023) | 2 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Stroock & Stroock & Lavan LLP | Legal | $635,095 |
| Patterson Belknap Webb & Tyler | Legal | $391,988 |
| Xperteks Computer Consultancy Inc | It Consultant | $185,968 |
| Taiger Communications | Production Services | $178,915 |
| Overon America LLC | Satelite Services | $144,000 |
Grants received · $400K total
1 grant to Hispanic Information & Telecommunications Network Inc totaling $400K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Robin Hood Foundation | Poverty relief | 2021 | $400,000 |
Grants made · $18K in FY2023
2 grants totaling $18K in FY2023. All grants made by Hispanic Information & Telecommunications Network Inc →
| Recipient | Purpose | Amount |
|---|---|---|
| Puerto Rican Cultural Center | General support | $10,000 |
| The National Museum of Puerto Rican Arts and Culture | General support | $7,500 |
Frequently asked questions
- Is Hispanic Information & Telecommunications Network Inc a legitimate nonprofit?
- Yes. Hispanic Information & Telecommunications Network Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 13-3112110, based in Brooklyn, New York. Donations are tax-deductible.
- What is Hispanic Information & Telecommunications Network Inc's EIN?
- Hispanic Information & Telecommunications Network Inc's Employer Identification Number (EIN) is 13-3112110.
- How much revenue does Hispanic Information & Telecommunications Network Inc report?
- Hispanic Information & Telecommunications Network Inc reported $6,402,339 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of Hispanic Information & Telecommunications Network Inc's spending goes to programs?
- Hispanic Information & Telecommunications Network Inc spends about 72% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Hispanic Information & Telecommunications Network Inc have?
- CharityIndex grades Hispanic Information & Telecommunications Network Inc C, based on program efficiency and fundraising cost.
- How much does Hispanic Information & Telecommunications Network Inc's highest-paid employee make?
- The highest reported compensation on Hispanic Information & Telecommunications Network Inc's latest Form 990 is $596,817, paid to Jonathan Guerra (General Counsel (thru 03/2023)).
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Explore more
Data for Hispanic Information & Telecommunications Network Inc (EIN 13-3112110) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.