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← GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENT

Form 990 for tax year 2024

Filed by GEORGIA HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT CENT.

Totals

Total revenue
$158,842
Total expenses
$482,556
Contributions and grants received
$158,842
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$788,820
Total liabilities, end of year
$242,024
Net assets or fund balances, end of year
$546,796
Program services expenses (Part IX)
$428,677
Management and general expenses
$47,538
Fundraising expenses
$6,341
Program service expenses (Part III)
$428,677

Program services were 88.8% 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.

  • 1f · All other contributions, gifts and grants

    $158,842

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $85,000 · program services $68,000 · management and general $17,000

  • 7 · Other salaries and wages

    total $62,115 · program services $49,692 · management and general $12,423

  • 10 · Payroll taxes

    total $12,150 · program services $9,720 · management and general $2,430

  • 11c · Fees: accounting

    total $7,280 · management and general $7,280

  • 11g · Fees: other

    total $41 · program services $33 · management and general $8

  • 12 · Advertising and promotion

    total $51,191 · program services $51,191

  • 13 · Office expenses

    total $19,876 · program services $15,901 · management and general $3,975

  • 17 · Travel

    total $4,576 · program services $3,203 · management and general $1,373

  • 24a · Other expenses: CONTRACT LABOR

    total $177,211 · program services $177,211

  • 24b · Other expenses: PROGRAM EXPENSES

    total $28,512 · program services $28,512

  • 24c · Other expenses: TAXES AND LICENSES

    total $14,710 · program services $11,768 · management and general $2,942

  • 24d · Other expenses: GRANT EXPENSES

    total $13,000 · program services $13,000

  • 24e · All other expenses

    total $6,894 · program services $446 · management and general $107 · fundraising $6,341

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $498,803 · end of year $83,873

  • 4 · Accounts receivable

    beginning of year $565,549 · end of year $665,749

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

    $39,198

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $39,198 · end of year $39,198

  • 17 · Accounts payable and accrued expenses

    beginning of year $27,547 · end of year $41,846

  • 19 · Deferred revenue

    end of year $100,000

  • 25 · Other liabilities

    beginning of year $205,493 · end of year $100,178

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $870,510 · end of year $546,796

Mission and programs · 2024

Mission

GHBC DEVELOPED EDUCATIONAL PROGRAMS TO BENEFIT THE HISPANIC ENTREPENEURS IN ADDITION TO BASIC TECHNOLOGY TRAINING IN ACCOUNTING AND COMPUTER SOFTWARE. GHBC ASSISTS CLIENT COMPANIES AS WELL AS START-UP COMPANIES WITH BUSINESS REFERRALS, BUSINESS STRATEGY SESSIONS, LOW COST CONSULTING, NETWORKING EVENTS AND GENERAL SUPPORT. GHBC ALSO PROVIDES PROFESSIONAL OFFICE SPACE AT REDUCED RATES, ADMINISTRATIVE SERVICES, TECHNICAL COUNSELING AND MONTHLY SMALL BUSINESS ADVISORY BOARD REVIEWS.

  • THE ORGANIZATION'S PRIMARY EXEMPT PURPOSE IS TO ADVANCE AND ASSIST IN THE FORMATION OF HISPANIC BUSINESS THROUGH EDUCATION AND INCUBATION.

    Expenses $428,677

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANDREA RIVERA

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • JOSE PANIAGUA

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SOCORRO RODRIGUEZ

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • SALLY WILSON

    BOARD SECRETARY

    Total calculated
    $0
    Hours/week
    30

  • RICH JOHNSON

    PARLIAMENTARIAN

    Total calculated
    $0
    Hours/week
    15

  • NORMA ZUNIGA-CARDOZA

    EXECUTIVE DIRECTOR

    Total calculated
    $85,000
    From this org
    $85,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40 + 4 related

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.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202503219349323155

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