Futuro Media Group
- Assets
- $3.4m
- Revenue
- $5.9m
- Investments
- $0.0
- Employees
- 56
- Location
- New York, NY
- Founding
- 11/2010
- Data as of
- 12/2021
- 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 12/2021, Futuro Media Group employed 56 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 12/2021, Futuro Media Group generated $5.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 15.0% per year over the past 7 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
2021
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. BASED IN HARLEM AND FOUNDED IN 2010 BY AWARD-WINNING JOURNALIST MARIA HINOJOSA, FUTURO MEDIA IS COMMITTED TO TELLING STORIES FROM A POINT OF VIEW OFTEN OVERLOOKED BY 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 FOUNDED BY JULIO RICARDO VARELA THAT REACHES MILLIONS THROUGH ITS WEBSITE, RADIO PROGRAMMING AND PODCASTS; THE COMMUNITY PODCAST LAB, THAT POC STORYTELLERS TO CREATE THEIR OWN PODCASTS; FUTURO STUDIOS, A NEW CREATIVE DIVISION FOCUSED ON ORIGINAL PODCASTS AND PROGRAMMING; AND FUTURO UNIDAD HINOJOSA (FUH) OUR NEWEST UNIT FOCUSED ON INVESTIGATIVE JOURNALISM AND SPECIAL PROJECTS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julio Ricardo Varela President | OfficerTrustee | 40 | $204,856 |
Maria Hinojosa Board Member | Trustee | 1 | $174,193 |
Erika Dilday Executive Dir. | Officer | 40 | $85,122 |
Deepa Donde Board Chair & Secretary | OfficerTrustee | 0 | $0 |
Theresa Barron-Mckeagney Vice Chair | OfficerTrustee | 0 | $0 |
Priscilla Rojas Treasurer | OfficerTrustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $432,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,436,863 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,869,030 |
| Total Program Service Revenue | $1,071,483 |
| Investment income | $145 |
| 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 | $5,947,446 |
| 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 | $2,910,165 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $409,947 |
| 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 | $1,964,702 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $109,068 |
| Travel | $101,101 |
| 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 | $30,293 |
| Insurance | $44,448 |
| All other expenses | $0 |
| Total functional expenses | $6,017,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $983,538 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,292,554 |
| Accounts receivable, net | $4,285 |
| 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 | $63,625 |
| Net Land, buildings, and equipment | $91 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $7,979 |
| Other assets | $5,334 |
| Total assets | $3,357,406 |
| Accounts payable and accrued expenses | $855,085 |
| 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 | $71,757 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $926,842 |
| Net assets without donor restrictions | -$467,159 |
| Net assets with donor restrictions | $2,897,723 |
| 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 | $3,357,406 |
Grants Recieved
Over the last fiscal year, we have identified 24 grants that Futuro Media Group has recieved totaling $7,150,261.
| Awarding Organization | Amount |
|---|---|
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,200,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,200,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $1,200,000 |
Silicon Valley Community Foundation Mountain View, CA PURPOSE: Arts & Culture | $1,000,000 |
Ford Foundation New York, NY PURPOSE: GENERAL SUPPORT AND CORE SUPPORT FOR INSTITUTIONAL STRENGTHENING MEASURES | $567,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $350,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
American Radio Relay League Inc Newington, CT | $43,746,662 | $15,484,740 |
New England Public Media Inc Springfield, MA | $13,528,339 | $7,013,590 |
Vermont Public Radio Colchester, VT | $31,702,879 | $9,993,352 |
Wamc Albany, NY | $11,819,867 | $7,774,367 |
Pittsburgh Community Broadcasting Corporation Pittsburgh, PA | $14,757,742 | $7,221,398 |
Futuro Media Group New York, NY | $3,357,406 | $5,947,446 |
Radio Kingston Corp Kingston, NY | $13,807,163 | $9,634,133 |
Newark Public Radio Inc Newark, NJ | $5,566,802 | $5,558,972 |
Auricle Communications Jersey City, NJ | $6,547,591 | $2,964,645 |
Radio Ambulante Studios Inc New York, NY | $688,433 | $1,869,145 |
Four Rivers Community Broadcasting Corporation Harleysville, PA | $5,233,396 | $1,844,521 |
Radio Drama Network Inc Stamford, CT | $12,623,198 | $753,352 |