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Nonprofiteer
← RHODE ISLAND HISPANIC CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by RHODE ISLAND HISPANIC CHAMBER OF COMMERCE.

Totals

Total revenue
$635,579
Total expenses
$568,070
Contributions and grants received
$337,785
Grants paid
$0
Program service revenue
$195,120
Investment income
$102,674
Other revenue
$0
Total assets, end of year
$398,380
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$398,380
Program services expenses (Part IX)
$55,091
Management and general expenses
$333,237
Fundraising expenses
$179,742
Program service expenses (Part III)
$55,091

Program services were 9.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $86,092

  • 1e · Government grants (contributions)

    $53,862

  • 1f · All other contributions, gifts and grants

    $197,831

  • 2a · Program service revenue: PROGRAM SERVICE INCOME

    total $195,120 · related or exempt $195,120

  • 3 · Investment income

    total $102,674 · related or exempt $102,674

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $270,805 · program services $40,621 · management and general $230,184

  • 10 · Payroll taxes

    total $22,725 · program services $3,409 · management and general $19,316

  • 11b · Fees: legal

    total $4,450 · management and general $4,450

  • 11c · Fees: accounting

    total $2,944 · management and general $2,944

  • 11g · Fees: other

    total $2,660 · program services $399 · management and general $2,261

  • 12 · Advertising and promotion

    total $6,114 · management and general $6,114

  • 13 · Office expenses

    total $24,510 · management and general $24,510

  • 14 · Information technology

    total $4,065 · management and general $4,065

  • 16 · Occupancy

    total $17,150 · management and general $17,150

  • 17 · Travel

    total $7,516 · program services $7,516

  • 23 · Insurance

    total $12,362 · management and general $12,362

  • 24a · Other expenses: EVENT EXPENSES

    total $179,742 · fundraising $179,742

  • 24b · Other expenses: UTILITIES

    total $5,749 · management and general $5,749

  • 24c · Other expenses: PROGRAM MATERIALS

    total $3,146 · program services $3,146

  • 24d · Other expenses: REPAIRS

    total $2,750 · management and general $2,750

  • 24e · All other expenses

    total $1,382 · management and general $1,382

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $229,079 · end of year $233,531

  • 7 · Other notes and loans receivable

    beginning of year $100,000 · end of year $163,057

  • 10a · Land, buildings and equipment: cost or other basis

    $2,399

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,907

  • 10c · Land, buildings and equipment, net

    beginning of year $820 · end of year $492

  • 15 · Other assets

    beginning of year $1,300 · end of year $1,300

  • 27 · Net assets without donor restrictions

    beginning of year $331,199 · end of year $398,380

Mission and programs · 2023

Mission

REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES

  • REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES

    Expenses $55,091 · Revenue $195,120

  • RHODE ISLAND FOUNDATION - A GRANT TO SUPPORT THE PAID POSITION OF THE CHIEF EXECUTIVE OFFICER, TO BE THE LEAD AS THE RI HISPANIC CHAMBER OF COMMERCE CONTINUES TO BUILD AND ESTABLISH THE ORGANIZATION, DEDICATED TO HELPING SMALL LATINO BUSINESSES THRIVE AND GROW.

    Revenue $337,785

  • REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Oscar Mejias

    EXECUTIVE DI

    Total calculated
    $120,000
    From this org
    $120,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Luis Torrado

    CHAIRMAN

    Total calculated
    $0

  • Dariel Blanco

    TREASURER

    Total calculated
    $0

  • Elvias Santana

    SECRETARY

    Total calculated
    $0

  • Christopher Calderon

    BOARD AT LAR

    Total calculated
    $0

  • Alyssa Giron-Peralta

    BOARD AT LAR

    Total calculated
    $0

  • Carlos Vargas

    BOARD AT LAR

    Total calculated
    $0

  • Carol Aguasvivas

    VICE CHAIRMA

    Total calculated
    $0

  • Veronica Baron

    BOARD AT LAR

    Total calculated
    $0

  • Brian Velasquez

    BOARD AT LAR

    Total calculated
    $0

  • Yudelka Guzman

    BOARD AT LAR

    Total calculated
    $0

  • Devon Diaz

    BOARD AT LAR

    Total calculated
    $0

  • Doris De Los Santos

    BOARD AT LAR

    Total calculated
    $0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
2 October 2024
IRS schema version
2023v5.0
Source object
202432769349302013

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