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Th@562 Network Inc

EIN 82-4314833 · Long Beach, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthWeak34 out of 100GovernanceGood76 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$257,962
Spending
$312,361
Spent on programs
83%
Reserves
0.6 months of spending
Largest source of income
donations and private grants, 90%
Employees
4
Volunteers
5
Highest pay
$72,436, founder editor

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Weak: 34 out of 100. Higher than 6% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    4 of 35

    Spendable reserves would cover 0.6 months of spending.

  • Debt

    10 of 20

    It owes 43% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 21% of income.

  • Income trend

    5 of 15

    Income fell 24% on the year before.

  • Spending floor

    15 of 15

    83% of spending went to programs and raising each dollar of donations cost 0 cents.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 76 out of 100. Higher than 57% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    25 of 25

    11 of 11 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (2)
  1. $217,278 spent. The562 Network is a community funded nonprofit media outlet that covers sports and education in the City of Long Beach with free articles video highlights photo galleries podcasts features previews and more. Founders and editors Mike Guardabascio and JJ Fiddler as well as other staff members visit local high schools and colleges to discuss the future of media and work with aspiring local journalists. Mike Guardabascio has been writing professionally for 17 years. His work has been published in dozens of Southern California magazines and newspapers. Hes won numerous awards and is the author of the book Football in Long Beach and co-author of Basketball in Long Beach. JJ Fiddler is an award-winning professional sportswriter and videographer who has been covering Southern California sports for multiple newspapers and websites since 2004. After attending Long Beach State and creating the first full sports page at the Union Weekly newspaper he has exclusively covered Long Beach sports since 2007. The562 Network covers the schools of Long Beach not just the sports. Everyone in the city is encouraged to utilize this community service to promote their events that support the local youth on and off campus. The562. org has about 150,000 page views each month with approximately 50,000 unique readers per month. Our videos are viewed between 75,000 and 160,000 times per month. Our social media engagements are regularly in the tens of thousand and our daily email newsletter reaches close to 3,000 subscribers.
  2. $42,856 spent. The562 Network partnered again with the Long Beach Unified School District to work with high school interns seeking experience and knowledge about journalism and the coverage of community and youth athletics. The562 applied for and received grant revenue to provide stipends to the interns in their work for the organization as well as received donations from the community to support this mentoring work by our staff.

Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since October 2018.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.