Form 990 for tax year 2023

Filed by HOUSTON HISPANIC CHAMBER OF COMMERCE.

Totals

Total revenue: $1,076,612
Total expenses: $1,627,008
Contributions and grants received: $25,272
Grants paid: $20,086
Program service revenue: $1,013,071
Investment income: $38,269
Other revenue: $0
Total assets, end of year: $1,680,190
Total liabilities, end of year: $1,879,343
Net assets or fund balances, end of year: -$199,153
Program services expenses (Part IX): not reported
Management and general expenses: not reported
Fundraising expenses: not reported
Program service expenses (Part III): $0

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

$25,272
1g · Noncash contributions included above

$25,272
2a · Program service revenue: Annual Luncheon

total $462,047 · related or exempt $462,047
2b · Program service revenue: State of Hispanic - Data Summit

total $63,000 · related or exempt $63,000
2c · Program service revenue: Women's Leadership

total $176,389 · related or exempt $176,389
2d · Program service revenue: Dues

total $55,700 · related or exempt $55,700
2f · All other program service revenue

total $255,935 · related or exempt $255,935 · unrelated business $0 · excluded $0
3 · Investment income

total $38,269 · excluded $38,269
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
11d · All other revenue

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
11e · Other revenue, total

$0

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $20,086
5 · Compensation of officers, directors and key employees

total $419,522
7 · Other salaries and wages

total $314,478
9 · Other employee benefits

total $18,342
10 · Payroll taxes

total $38,042
11b · Fees: legal

total $850
11c · Fees: accounting

total $5,011
11g · Fees: other

total $70,471
12 · Advertising and promotion

total $44,378
13 · Office expenses

total $47,282
14 · Information technology

total $36,014
16 · Occupancy

total $19,732
17 · Travel

total $4,195
19 · Conferences, conventions and meetings

total $541,485
23 · Insurance

total $31,153
24a · Other expenses: Corporate Cultivation & Stewardship

total $15,624
24b · Other expenses: Other Expenses

total $328
24c · Other expenses: Melio Service Fees

total $15
24e · All other expenses

total $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $1,960,913 · end of year $4,497
2 · Savings and temporary cash investments

beginning of year $313,297 · end of year $1,448,239
4 · Accounts receivable

beginning of year $126,948 · end of year $226,828
5 · Loans and receivables from officers and key people

beginning of year $0 · end of year $0
6 · Loans and receivables from disqualified persons

beginning of year $0 · end of year $0
10a · Land, buildings and equipment: cost or other basis

$117,681
10b · Land, buildings and equipment: accumulated depreciation

$117,055
10c · Land, buildings and equipment, net

beginning of year $626 · end of year $626
12 · Investments: other securities

beginning of year $0
13 · Investments: program-related

beginning of year $0
15 · Other assets

beginning of year $0 · end of year $0
19 · Deferred revenue

beginning of year $50,000 · end of year $7,500
22 · Loans and payables to officers and key people

beginning of year $0 · end of year $0
25 · Other liabilities

beginning of year $2,000,000 · end of year $1,871,843
29 · Capital stock, trust principal or current funds

beginning of year $351,784 · end of year -$199,153

Mission and programs · 2023

Mission

THE HOUSTON HISPANIC CHAMBER OF COMMERCE IS THE LEADING REGIONAL ADVOCATE FOR THE ECONOMIC AND CIVIC INTERESTS OF THE HISPANIC BUSINESS COMMUNITY.

Activities or mission (Part I)

ADVOCATE FOR THE ECONOMIC AND CIVIC INTERESTS OF THE HISPANIC BUSINESS COMMUNITY.

THE HOUSTON HISPANIC CHAMBER OF COMMERCE'S ANNUAL LUNCHEON & BUSINESS EXPO IS THE LARGEST BUSINESS LUNCHEON & EXPO IN HOUSTON. IT IS ATTENDED BY MORE THAN 1,800 ENTREPRENEURS, EXECUTIVES, ELECTED & APPOINTED OFFICIALS, YOUNG PROFESSIONALS, AND JOB SEEKERS. THE LUNCHEON PROGRAM HIGHLIGHTS THE CHAMBER'S WORK AND ITS IMPACT ON OUR ECONOMY AND FEATURES REMARKS FROM LOCAL AND NATIONAL LEADERS. THE BUSINESS EXPO COMPRISES MORE THAN 100 EXHIBITORS MARKETING THEIR SERVICES & PRODUCTS.

As filed on the 2023 return.

Listed in Part VII

Carlos Abello

Treasurer

Total calculated

$0

Hours/week

2
Francisco Pancho Gonzalez

Past Chairman

Total calculated

$0

Hours/week

1
Mely Jimenez

Chairman

Total calculated

$0

Hours/week

5
Scott Silvas

Chair Elect

Total calculated

$0

Hours/week

1
Dave Stevenson

Director

Total calculated

$0

Hours/week

0.5
Laura Gump

Director

Total calculated

$0

Hours/week

0.5
Luis Silva

Director

Total calculated

$0

Hours/week

0.5
Morena Arredondo

Director

Total calculated

$0

Hours/week

0.5
Roberto Contreras IV

Director

Total calculated

$0

Hours/week

0.5
Arturo Pedraza

Chief Financial Officer

Total calculated

$146,805

From this org

$133,831

From related orgs

$0

Other

$12,974

Hours/week

31 + 9 related
Dr Laura G Murillo

President & CEO

Total calculated

$419,522

From this org

$400,189

From related orgs

$0

Other

$19,333

Hours/week

31 + 9 related

Schedule J breakdown matched by us

Base

$320,189

Bonus

$80,000

Other

$0

Deferred

$0

Nontaxable benefits

$19,333

Filer's total

$419,522

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 · Independent compensation consultant
3 · Written employment contract
3 · Compensation survey or study
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

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.

Greater Houston Hispanic Chamber of Commerce Foundation

501(c)(3) · Charity · TX · controlled entity

Directly controlled by Houston Hispanic Chamber of Commerce

Provenance

Return type: form_990
Tax year: 2023
Filed: 8 November 2024
IRS schema version: 2023v5.1
Source object: 202433139349303353

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