Futuro Media Group
- Assets
- $4.9m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 44
- Location
- New York, NY
- Founding
- 11/2010
- Data as of
- 12/2023
- EIN
- 27-2077349
Organization Overview
Futuro Media Group is located in New York, NY. The organization was established in 2010. According to its NTEE Classification (A34) the organization is classified as: Radio, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, Futuro Media Group employed 44 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Futuro Media Group is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Futuro Media Group generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $6.3m during the year ending 12/2023. While expenses have increased by 12.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRODUCE RADIO, TV AND NEW MEDIA PROGRAMMING CELEBRATING THE DIVERSITY OF THE AMERICAN EXPERIENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FUTURO MEDIA GROUP IS AN INDEPENDENT NONPROFIT ORGANIZATION PRODUCING MULTIMEDIA JOURNALISM THAT EXPLORES AND GIVES A CRITICAL VOICE TO THE DIVERSITY OF THE AMERICAN EXPERIENCE. FOUNDED IN 2010 BY AWARD-WINNING JOURNALIST MARIA HINOJOSA, FUTURO MEDIA IS COMMITTED TO TELLING STORIES FROM A POINT OF VIEW OFTEN OVERLOOKED BY THE MAINSTREAM MEDIA. FUTURO MEDIA PRODUCES PEABODY AWARD-WINNING LATINO USA, PUBLIC RADIO'S LONGEST RUNNING NATIONAL LATINO NEWS AND CULTURAL WEEKLY RADIO PROGRAM, IN THE THICK, A POLITICS PODCAST FROM THE PERSPECTIVE OF JOURNALISTS OF COLOR, LATINO REBELS, A PIONEERING DIGITAL NEWS OUTLET, AND A REVOLVING SLATE OF CRITICALLY ACCLAIMED PODCASTS RELEASED UNDER FUTURO STUDIOS, INCLUDING "LA BREGA AND THE PULITZER PRIZE WINNING "SUAVE."
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deepa Donde Board Chair & Secretary | OfficerTrustee | 0 | $0 |
Theresa Barron-Mckeagney Vice Chair | OfficerTrustee | 0 | $0 |
Mariano Diaz Board Member | Trustee | 0 | $0 |
Jonathan Garcia Board Member | Trustee | 0 | $0 |
Rhonda Mims Treasurer | Trustee | 0 | $0 |
Maria Hinojosa Board Member | Trustee | 1 | $247,431 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Franklin Weinrib Rudell & Vassallo Llp Legal Services | 12/30/23 | $127,688 |
Amy Bucher Documentary Director | 12/30/23 | $116,190 |
Arabella Intermediate Holdings Llc Accounting Services | 12/30/23 | $104,838 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,593,417 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,593,417 |
| Total Program Service Revenue | $1,332,205 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,925,622 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,316,474 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $461,838 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,729,789 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $116,993 |
| Travel | $170,408 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,545 |
| Insurance | $56,356 |
| All other expenses | $0 |
| Total functional expenses | $6,311,608 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $497,235 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $4,118,384 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $70,187 |
| Net Land, buildings, and equipment | $8,711 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $193,650 |
| Total assets | $4,888,167 |
| Accounts payable and accrued expenses | $1,073,491 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,635 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $82,892 |
| Total liabilities | $1,162,018 |
| Net assets without donor restrictions | -$607,012 |
| Net assets with donor restrictions | $4,333,161 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,888,167 |