Form 990 for tax year 2022
Filed by MICHIGAN HISPANIC CHAMBER OF COMMERCE.
Totals
- Total revenue
- $610,002
- Total expenses
- $576,999
- Contributions and grants received
- $251,976
- Grants paid
- $50,000
- Program service revenue
- $54,465
- Investment income
- $2,848
- Other revenue
- $300,713
- Total assets, end of year
- $572,121
- Total liabilities, end of year
- $262,693
- Net assets or fund balances, end of year
- $309,428
- Program services expenses (Part IX)
- $209,479
- Management and general expenses
- $209,643
- Fundraising expenses
- $157,877
- Program service expenses (Part III)
- $209,479
Program services were 36.3% 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
$139,213
-
1f · All other contributions, gifts and grants
$112,763
-
2a · Program service revenue: PROGRAM REVENUE
total $54,465 · related or exempt $54,465
-
3 · Investment income
total $7,879 · excluded $7,879
-
7a · Gross sales of assets other than inventory
securities $17,515
-
7b · Less cost or other basis and sales expenses
securities $22,546
-
7c · Gain or loss
securities -$5,031
-
7d · Net gain or loss
total -$5,031 · excluded -$5,031
-
8a · Fundraising events: gross income
$513,902
-
8b · Fundraising events: direct expenses
$215,370
-
8c · Net income from fundraising events
total $298,532
-
11a · Other revenue: AFFINITY PROGRAMS
total $1,281 · related or exempt $1,281
-
11b · Other revenue: OTHER INCOME
total $900 · related or exempt $900
-
11e · Other revenue, total
$2,181
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $50,000 · program services $50,000
-
7 · Other salaries and wages
total $308,853 · program services $86,643 · management and general $105,210 · fundraising $117,000
-
9 · Other employee benefits
total $30,347 · program services $8,224 · management and general $12,169 · fundraising $9,954
-
10 · Payroll taxes
total $25,204 · program services $6,830 · management and general $10,107 · fundraising $8,267
-
11b · Fees: legal
total $12,000 · management and general $12,000
-
11c · Fees: accounting
total $19,130 · management and general $19,130
-
11g · Fees: other
total $24,890 · program services $2,817 · management and general $2,435 · fundraising $19,638
-
12 · Advertising and promotion
total $2,935 · program services $1,468 · fundraising $1,467
-
13 · Office expenses
total $15,419 · management and general $15,419
-
16 · Occupancy
total $2,512 · management and general $2,512
-
17 · Travel
total $2,578 · management and general $2,578
-
23 · Insurance
total $2,752 · management and general $2,752
-
24a · Other expenses: OTHER PROGRAMS
total $52,085 · program services $52,085
-
24b · Other expenses: BAD DEBT EXPENSE
total $8,513 · management and general $8,513
-
24c · Other expenses: CHARITABLE CONTRIBUTIONS
total $5,900 · management and general $5,900
-
24d · Other expenses: WEBSITE
total $5,716 · management and general $5,716
-
24e · All other expenses
total $8,165 · program services $1,412 · management and general $5,202 · fundraising $1,551
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $42,526 · end of year $121,698
-
4 · Accounts receivable
beginning of year $150,900 · end of year $147,375
-
9 · Prepaid expenses and deferred charges
beginning of year $2,946 · end of year $8,869
-
10a · Land, buildings and equipment: cost or other basis
$5,393
-
10b · Land, buildings and equipment: accumulated depreciation
$5,393
-
11 · Investments: publicly traded securities
beginning of year $325,591 · end of year $294,179
-
17 · Accounts payable and accrued expenses
beginning of year $8,828 · end of year $21,555
-
19 · Deferred revenue
beginning of year $182,200 · end of year $207,769
-
25 · Other liabilities
beginning of year $20,248 · end of year $33,369
-
27 · Net assets without donor restrictions
beginning of year $310,687 · end of year $309,428
Mission and programs · 2022
Mission
THE MICHIGAN HISPANIC CHAMBER OF COMMERCE WAS FORMED FOR THE PURPOSE OF ASSISTING HISPANIC & MINORITY BUSINESSES IN THE STATE OF MICHIGAN IN EXPANDING THEIR CUSTOMER BASES,STRENGTHING THEIR BUSINESS SKILLS, NETWORKING WITH OTHERS IN THE BUSINESS COMMUNITY AND PROMOTING ITS MEMBERS' BUSINESSES.
-
THE MICHIGAN HISPANIC CHAMBER OF COMMERCE IS A VIABLE ECONOMIC ENTITY REPRESENTING THE INTERESTS OF HISPANIC AND OTHER MINORITY BUSINESSES IN THE STATE OF MICHIGAN.
Expenses $209,479 · Grants $50,000 · Revenue $54,465
-
THE MICHIGAN HISPANIC CHAMBER OF COMMERCE IS A VIABLE ECONOMIC ENTITY REPRESENTING THE INTERESTS OF HISPANIC AND OTHER MINORITY BUSINESSES IN THE STATE OF MICHIGAN.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jesse VenegasJESSE VENEGAS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 3
-
Paul UrestePAUL URESTE
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Jacinto BlancoJACINTO BLANCO
CORPORATE VI
- Total calculated
- $0
- Hours/week
- 3
-
Brian MooreBRIAN MOORE
CORPORATE VI
- Total calculated
- $0
- Hours/week
- 3
-
Dean MoralesDEAN MORALES
HBE VICE CHA
- Total calculated
- $0
- Hours/week
- 3
-
Courtney Morales HofmannCOURTNEY MORALES HOFMANN
HBE VICE CHA
- Total calculated
- $0
- Hours/week
- 3
-
Jeff WyattJEFF WYATT
FINANCE CHAI
- Total calculated
- $0
- Hours/week
- 3
-
Robert GarciaROBERT GARCIA
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
James BeathJAMES BEATH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Oscar CamargoOSCAR CAMARGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lawrence GarciaLAWRENCE GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Gabriel Garriga-RodriguezGABRIEL GARRIGA-RODRIGUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lynn GarrisonLYNN GARRISON
CORPORATE VI
- Total calculated
- $0
- Hours/week
- 3
-
Richelle GonzalezRICHELLE GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jennifer GoodJENNIFER GOOD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Jesse LopezJESSE LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Maria MarinMARIA MARIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Julie NowickiJULIE NOWICKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Bruno OlveraBRUNO OLVERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Lisa PointerLISA POINTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Anita-Maria QuillenANITA-MARIA QUILLEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Travis SpencerTRAVIS SPENCER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 3
-
Mark MorenoMARK MORENO
EXECUTIVE DI
- Total calculated
- $157,547
- From this org
- $157,547
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,547
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $157,547
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
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
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
-
HISPANIC MARKETING SOLUTION
$20,000
IMPROVE IMMIGRANTS L
-
DETROIT SIGNS AND GRAPHICS
$10,000
TO GROW IN BUSINESS
-
EL CENTRAL HISPANIC NEWS
$10,000
TO GROW IN BUSINESS
-
LIFE ON PURPOSE WITH DORIS
$10,000
UNIQUE PERSPECTIVE
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202323129349301417
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.