2023-11-15T18:46:43-06:00 2022-12-31 330700332 VASQUEZ COMPANY LLP 655 N CENTRAL AVE STE 1550 GLENDALE CA 91203 990 2022-01-01 854098339 LATINO MEDIA COLLABORATIVE LATI 3238134382 360 EAST 2ND STREET 800 LOS ANGELES CA 90012 ARTURO CARMONA PRESIDENT 3238134382 2023-11-15 1 ARTURO CARMONA 999009999 0 X REGINA PRINCE CPA P00576936 2138731700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ARTURO CARMONA 360 EAST 2ND STREET 800 LOS ANGELES CA 90012 392505 0 X HTTPS://WWW.LATINOMEDIA.ORG/ X 2021 CA THE LATINO MEDIA COLLABORATIVE IS AN EMERGING NON-PROFIT ORGANIZATION THAT DEVELOPS HIGH-IMPACT MEDIA AND OUTREACH CAMPAIGNS IN PARTNERSHIP WITH THE LATINO MEDIA SECTOR TO ADVANCE AN INFORMED AND HIGHLY ENGAGED LATINO COMMUNITY. 4 4 1 4 0 0 778350 391455 137269 1050 0 0 0 0 915619 392505 0 63450 0 0 0 30740 0 0 83713 166096 568633 166096 662823 749523 -270318 785136 533275 35613 54070 749523 479205 X 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). 0 0 287288 63450 1050 OUTREACH AND EDUCATION CAMPAIGNS: 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. LAST YEAR WE WRAPPED UP OUR WORK ON A COUNTY WIDE CAMPAIGN IN LOS ANGELES TO INFORM RESIDENTS HOW TO ENROLL FOR PUBLIC BENEFIT PROGRAMS AND BEGAN A MAJOR ANTI-HATE INTIATIVE TO RAISE AWARENESS OF HATE INCIDENTS AS WELL AS PREVENTION MEASURES AND POLICIES. WE ARE STILL IN THE PROCESS OF SCALING OUR OUTREACH EFFORTS ON THE ANTI-HATE CAMPAIGN, WHILE THE FINAL REPORT ON THE REACH OF OUR PUBLIC BENEFIT ENROLLMENT CAMPAIGN INCLUDED: PRINT - 130K IN CIRCULATION, RADIO: OVER 2 MILLION; DIGITAL ADS - APPROX. 500K IMPRESSIONS; TV - OVER 2 MILLION IMPRESSIONS. 154644 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 3,000 SUBSCRIBERS, AND SOCIAL MEDIA AUDIENCE OF 4.8K ON FACEBOOK, 1.2K ON INSTAGRAM, AND 9.3K ON "X" (FORMERLY TWITTER). 53009 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 80 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 MEMBERS OF ACADEMIA, THE WEINGART FOUNDATION, APPLE, NBC UNIVERSAL, RADIO BILINGUE, LA OPINION, ELECTED OFFICIALS, AND OTHERS.WE SERVED APPROXIMATELY 15 MEDIA OUTLETS DURING THE YEAR. 494941 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 46 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 4 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 CA X ESPERANZA GUEVARA 3238134382 360 EAST 2ND STREET 800 LOS ANGELES CA 90012 X ARTURO CARMONA PRESIDENT 8.00 X X 0 0 0 GABRIEL LERNER TREASURER 1.00 X X 0 0 0 MARCIA PARKER BOARD MEMBER (UNTIL JUNE 2022) 1.00 X 0 0 0 SARA HERNANDEZ SECRETARY 1.00 X X 0 0 0 LAURA CASTAEDA BOARD MEMBER 1.00 X 0 0 0 0 0 0 0 0 0 0 0 391455 391455 FEES FOR SERVICES 813319 1050 1050 1050 392505 1050 0 0 X 63450 63450 26154 13077 13077 2340 1170 1170 2246 1123 1123 25138 25138 296620 188944 34659 73017 3770 3770 10077 4639 5130 308 450 450 6251 4375 938 938 4463 4355 108 COMMUNITY OUTREACH 150646 150646 MEDIA CONTENT 34171 34171 RESEARCH & DEVELOPMENT 22740 22740 PROGRAM EXPENSES 4935 4935 9372 1316 2826 5230 662823 494941 84169 83713 52636 531366 732500 1909 785136 533275 35613 54070 35613 54070 X 44023 189381 705500 289824 749523 479205 785136 533275 -270318 0 X 0 1 X 1 0 X 778350 391455 1169805 778350 391455 1169805 737812 431993 1169805 138319 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 608505 216000 216000 392505 0 392505 878823 216000 216000 662823 0 662823 PART X, LINE 2: THE ORGANIZATION WAS ORGANIZED AS A CALIFORNIA NONPROFIT CORPORATION AND IS RECOGNIZED BY THE INTERNAL REVENUE SERVICES AS EXEMPT FROM FEDERAL INCOME TAXES UNDER INTERNAL REVENUE CODE (IRC) SECTION 501(A). ON JUNE 22, 2021, THE ORGANIZATION WAS DETERMINED BY THE INTERNAL REVENUE SERVICE TO BE EXEMPT UNDER IRC SECTION 501(C)(3) AND CLASSIFIED AS A PUBLIC CHARITY. THE ORGANIZATION IS REQUIRED TO FILE ANNUALLY A RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX (FORM 990) WITH THE IRS. IN ADDITION, IT IS SUBJECT TO INCOME TAX ON NET INCOME THAT IS DERIVED FROM BUSINESS ACTIVITIES THAT ARE UNRELATED TO ITS EXEMPT PURPOSES. THE ORGANIZATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE ORGANIZATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURES OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. 1 THE SAN FERNANDO VALLEY SUN 1150 SAN FERNANDO ROAD SAN FERNANDO CA 91340 954844192 38450 0 TO EXPAND MEDIA COVERAGE OF LOS ANGELES PUBLIC EDUCATION. 0 1 PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF GRANT FUNDS IN THE U. S. INCLUDE OBTAINING REPORTS THAT SUPPORT THE BUDGETED AMOUNTS SUBMITTED WITH THE GRANT REQUEST ARE SPENT ACCORDINGLY. FINANCIAL REPORTS ARE PERIODICALLY OBTAINED TO SUPPORT THE GRANT EXPENDITURES ARE CONSISTENT WITH THE WRITTEN AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B 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. FORM 990, PART VI, SECTION B, LINE 12C 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 SHALL 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 SHALL 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 SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. (B) THE CHAIRPERSON OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. (C) AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION COULD OBTAIN WITH REASONABLE EFFORTS A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. (D) IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY POSSIBLE UNDER CIRCUMSTANCES NOT PRODUCING A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST, FOR ITS OWN BENEFIT, AND WHETHER IT IS FAIR AND REASONABLE. FORM 990, PART VI, SECTION C, LINE 19 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. FORM 990, PART IX, LINE 11G HR CONSULTANT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 5,643. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,643. JOURNALIST/EDITOR/SOCIAL MEDIA: PROGRAM SERVICE EXPENSES 154,644. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 154,644. DEVELOPMENT CONSULTANTS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 65,667. TOTAL EXPENSES 65,667. ADMINISTRATION EXPENSES: PROGRAM SERVICE EXPENSES 34,300. MANAGEMENT AND GENERAL EXPENSES 28,812. FUNDRAISING EXPENSES 7,350. TOTAL EXPENSES 70,462. PAYROLL FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 204. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 204.