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Nonprofiteer
← COLORADO HISPANIC CHAMBER OF COMMERCE

Form 990 for tax year 2022

Filed by COLORADO HISPANIC CHAMBER OF COMMERCE.

Totals

Total revenue
$899,375
Total expenses
$848,762
Contributions and grants received
$854,373
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$45,002
Total assets, end of year
$272,469
Total liabilities, end of year
$232,753
Net assets or fund balances, end of year
$39,716
Program services expenses (Part IX)
$735,124
Management and general expenses
$56,819
Fundraising expenses
$56,819
Program service expenses (Part III)
$735,124

Program services were 86.6% 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

    $216,811

  • 1c · Fundraising events

    $50,000

  • 1e · Government grants (contributions)

    $149,656

  • 1f · All other contributions, gifts and grants

    $437,906

  • 1g · Noncash contributions included above

    $164,675

  • 8a · Fundraising events: gross income

    $128,538

  • 8a · Fundraising events: contributions included on line 1c

    $50,000

  • 8b · Fundraising events: direct expenses

    $107,536

  • 8c · Net income from fundraising events

    total $21,002 · excluded $21,002

  • 11a · Other revenue: Administrative services

    total $24,000 · related or exempt $24,000

  • 11e · Other revenue, total

    $24,000

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $175,481 · program services $140,385 · management and general $17,548 · fundraising $17,548

  • 7 · Other salaries and wages

    total $181,704 · program services $150,998 · management and general $15,353 · fundraising $15,353

  • 8 · Pension plan contributions

    total $1,200 · program services $960 · management and general $120 · fundraising $120

  • 9 · Other employee benefits

    total $28,530 · program services $22,824 · management and general $2,853 · fundraising $2,853

  • 10 · Payroll taxes

    total $27,656 · program services $22,602 · management and general $2,527 · fundraising $2,527

  • 11a · Fees: management

    total $48,000 · program services $38,400 · management and general $4,800 · fundraising $4,800

  • 11c · Fees: accounting

    total $60,000 · program services $48,000 · management and general $6,000 · fundraising $6,000

  • 12 · Advertising and promotion

    total $5,381 · program services $5,381

  • 13 · Office expenses

    total $20,345 · program services $16,277 · management and general $2,034 · fundraising $2,034

  • 16 · Occupancy

    total $36,675 · program services $29,339 · management and general $3,668 · fundraising $3,668

  • 17 · Travel

    total $2,742 · program services $2,194 · management and general $274 · fundraising $274

  • 23 · Insurance

    total $1,009 · program services $807 · management and general $101 · fundraising $101

  • 24a · Other expenses: Program and event costs

    total $228,600 · program services $228,600

  • 24b · Other expenses: Public policy expenses

    total $14,000 · program services $14,000

  • 24c · Other expenses: Bank fees

    total $2,858 · program services $2,692 · management and general $83 · fundraising $83

  • 24d · Other expenses: Telecommunications

    total $5,729 · program services $4,583 · management and general $573 · fundraising $573

  • 24e · All other expenses

    total $8,852 · program services $7,082 · management and general $885 · fundraising $885

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $421,114 · end of year $187,259

  • 4 · Accounts receivable

    beginning of year $65,033 · end of year $73,350

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,665 · end of year $6,065

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

    $44,370

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

    $44,370

  • 15 · Other assets

    end of year $5,795

  • 17 · Accounts payable and accrued expenses

    beginning of year $29,704 · end of year $29,340

  • 18 · Grants payable

    beginning of year $355,000 · end of year $124,602

  • 19 · Deferred revenue

    beginning of year $117,005 · end of year $78,811

  • 31 · Retained earnings, endowment or other funds

    beginning of year -$10,897 · end of year $39,716

Mission and programs · 2022

Mission

To promote and advance the growth of Hispanic businesses.

  • Seminars, conferences, newsletters, and events to promote business development.

    Expenses $735,124

As filed on the 2022 return.

Listed in Part VII

  • Mike Ferrufino

    President & CEO

    Total calculated
    $183,022
    From this org
    $175,481
    From related orgs
    $0
    Other
    $7,541
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,000
    Bonus
    $8,500
    Other
    $16,981
    Deferred
    not reported
    Nontaxable benefits
    $7,541
    Filer's total
    $183,022

  • Emilio Romero

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Manuel Tejada

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Michael Walters

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Tim Stevens

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Amin Suliaman

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Denise Maes

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Paulette Tate

    Incoming Chair

    Total calculated
    $0
    Hours/week
    1

  • Tim Aragon

    Board Member

    Total calculated
    $0
    Hours/week
    1

  • Sofia Aguilar

    Past Chair

    Total calculated
    $0
    Hours/week
    1

  • Jake Salazar

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • Patsy Landaveri

    Treasurer

    Total calculated
    $0
    Hours/week
    1

  • Marcela de la Mar

    Chair of the Board

    Total calculated
    $0
    Hours/week
    1

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

None.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202343199349312914

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