This Corporation is a nonprofit public benefit corporation and is not organized for the private gain of any person. It is organized under the Nonprofit Public Benefit Corporation Law for public purposes. The specific purpose of this Corporation is to be a community-funded nonprofit news organization covering the greater Long Beach area and its students: Writers photographers and videographers cover youth and amateur sports in and around the city. The coverage provides the community with information and the student-athletes with free exposure without the business side of college recruiting services. The Corporation staff also spends time in classrooms with young and aspiring high school and college journalists to help give them the skills to succeed in the professional world. The Corporations website will feature multimedia content and coverage of local sports including articles videos and photographs.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Arts, Culture & Humanities organizations in California.
| Position | Total |
|---|---|
Founder Editor Key Employee 25th percentile to median | $70k $75k |
Founder Editor Key Employee 25th percentile to median | $69k $73k |
Development Director Associate Editor Below 10th percentile | $65k $69k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 10 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at THE562 NETWORK INC equaled 21% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
Based on 17,098 arts, culture & humanities organizations, each measured at its most recent filing year with reported expenses and compensation.
Funded by
Private foundations whose Form 990-PF Part XV grants matched this organization.
Up 2%
from 2023
From $69k in 2023 to $70k in 2024.
Estimated with Los Angeles-Long Beach-Anaheim, CA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Key Employee pay rose 2% from 2023 to 2024, while revenue rose 13%.
- Chief Development Officer pay rose 2% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about THE562 NETWORK INC
What does the Key Employee of THE562 NETWORK INC earn?
In 2024, the Key Employee of THE562 NETWORK INC received $70,211 in total compensation. This pay is below the median (the midpoint) for Key Employee roles among Arts, Culture & Humanities organizations in California, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Key Employee pay at THE562 NETWORK INC compare with similar nonprofits?
Compared with the same role at Arts, Culture & Humanities organizations in California, the 2024 pay of the Key Employee at THE562 NETWORK INC falls between the 25th percentile and the median. In 2024, the highest total compensation at THE562 NETWORK INC equaled 21% of the organization's total expenses. The median for arts, culture & humanities organizations is 11%.
What are THE562 NETWORK INC's revenue and expenses?
In 2024, THE562 NETWORK INC reported $340k in total revenue and $329k in total expenses on its IRS Form 990.
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