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← HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES

Form 990 for tax year 2023

Filed by HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES.

Totals

Total revenue
$20,493,629
Total expenses
$19,637,108
Contributions and grants received
$17,694,548
Grants paid
$3,389,722
Program service revenue
$2,663,709
Investment income
$135,372
Other revenue
$0
Total assets, end of year
$19,779,158
Total liabilities, end of year
$4,926,855
Net assets or fund balances, end of year
$14,852,303
Program services expenses (Part IX)
$15,960,614
Management and general expenses
$3,383,925
Fundraising expenses
$292,569
Program service expenses (Part III)
$15,960,614

Program services were 81.3% 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

    $3,356,765

  • 1e · Government grants (contributions)

    $8,041,829

  • 1f · All other contributions, gifts and grants

    $6,295,954

  • 1g · Noncash contributions included above

    $126,562

  • 2a · Program service revenue: CONFERENCES & PUBLICATIONS

    total $2,663,709 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $135,372 · unrelated business $0 · excluded $135,372

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,604,122 · program services $1,604,122

  • 2 · Grants to domestic individuals

    total $1,785,600 · program services $1,785,600

  • 5 · Compensation of officers, directors and key employees

    total $2,305,401 · program services $449,787 · management and general $1,855,614 · fundraising $0

  • 7 · Other salaries and wages

    total $6,810,804 · program services $6,388,589 · management and general $196,050 · fundraising $226,165

  • 8 · Pension plan contributions

    total $345,724 · program services $259,339 · management and general $77,808 · fundraising $8,577

  • 9 · Other employee benefits

    total $302,276 · program services $226,748 · management and general $68,029 · fundraising $7,499

  • 10 · Payroll taxes

    total $694,745 · program services $521,152 · management and general $156,357 · fundraising $17,236

  • 11g · Fees: other

    total $324,366 · program services $142,225 · management and general $174,537 · fundraising $7,604

  • 12 · Advertising and promotion

    total $196,664 · program services $153,414 · management and general $36,471 · fundraising $6,779

  • 13 · Office expenses

    total $479,756 · program services $163,791 · management and general $301,915 · fundraising $14,050

  • 16 · Occupancy

    total $535,072 · program services $413,360 · management and general $121,592 · fundraising $120

  • 19 · Conferences, conventions and meetings

    total $3,599,182 · program services $3,363,243 · management and general $231,400 · fundraising $4,539

  • 23 · Insurance

    total $48,863 · program services $30,765 · management and general $18,098 · fundraising $0

  • 24a · Other expenses: BAD DEBTS

    total $44,170 · program services $0 · management and general $44,170 · fundraising $0

  • 24b · Other expenses: BANK AND MERCHANT FEES

    total $127,532 · program services $32,950 · management and general $94,582 · fundraising $0

  • 24c · Other expenses: CURRICULUM DEVELOPMENT

    total $217,514 · program services $217,514 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $215,317 · program services $208,015 · management and general $7,302 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $4,912,033 · end of year $0

  • 2 · Savings and temporary cash investments

    beginning of year $0 · end of year $4,587,462

  • 3 · Pledges and grants receivable

    beginning of year $1,945,912 · end of year $1,016,027

  • 4 · Accounts receivable

    beginning of year $1,489,976 · end of year $1,515,346

  • 9 · Prepaid expenses and deferred charges

    beginning of year $309,416 · end of year $341,369

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

    $3,824,195

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

    $62,669

  • 10c · Land, buildings and equipment, net

    beginning of year $1,514,393 · end of year $3,761,526

  • 11 · Investments: publicly traded securities

    beginning of year $6,348,775 · end of year $6,991,565

  • 15 · Other assets

    beginning of year $1,841,126 · end of year $1,565,863

  • 17 · Accounts payable and accrued expenses

    beginning of year $585,017 · end of year $823,901

  • 19 · Deferred revenue

    beginning of year $2,469,799 · end of year $2,534,637

  • 25 · Other liabilities

    beginning of year $1,824,339 · end of year $1,568,317

  • 27 · Net assets without donor restrictions

    beginning of year $8,462,703 · end of year $11,638,203

  • 28 · Net assets with donor restrictions

    beginning of year $5,019,773 · end of year $3,214,100

Mission and programs · 2023

Mission

HACU'S MISSION IS TO CHAMPION HISPANIC SUCCESS IN HIGHER EDUCATION. HACU FULFILLS ITS MISSION BY PROMOTING THE DEVELOPMENT OF MEMBER COLLEGES AND UNIVERSITIES, IMPROVING ACCESS TO AND THE QUALITY OF POST-SECONDARY EDUCATIONAL OPPORTUNITIES OF HISPANIC STUDENTS, AND MEETING THE NEEDS OF BUSINESS, INDUSTRY, AND GOVERNMENT THROUGH THE DEVELOPMENT AND SHARING OF RESOURCES, INFORMATION, AND EXPERTISE.

Activities or mission (Part I)

HACU'S MISSION IS TO CHAMPION HISPANIC SUCCESS IN HIGHER EDUCATION.

  • STUDENTS AND FACULTY DEVELOPMENT AND SCHOLARSHIPS - ARE COLLABORATIVE PROJECTS FUNDED BY FEDERAL AGENCIES, CORPORATIONS, AND FOUNDATIONS IN CONJUNCTION WITH HISPANIC SERVING INSTITUTIONS (HSI). THE PROGRAM AWARDS SCHOLARSHIPS TO STUDENTS AND IS FUNDED BY VARIOUS CORPORATE AND FEDERAL SPONSORS.

    Expenses $5,905,200 · Grants $3,389,722

  • STUDENT INTERNSHIP PROGRAM - HACU NATIONAL INTERNSHIP PROHRAM (HNIP) FACILITATES THE PLACEMENT OF COLLEGE STUDENTS WHO HAVE DEMONSTRATED HIGH LEVELS OF ACADEMIC PERFORMANCE AND PERSONAL MOTIVATION IN INTERNSHIPS WITH VARIOUS AGENCIES OF THE FEDERAL GOVERNMENT AND CORPORATIONS. THE GOALS OF THE PROGRAM ARE TO PROVIDE STUDENTS WITH SIGNIFICANT EXPERIENTIAL EDUCATIONAL OPPORTUNITIES BY ASSISTING THE FEDERAL GOVERNMENT AND CORPORATIONS IN DEVELOPING AND DIVERSIFYING THEIR HUMAN RESOURCE POOL.

    Expenses $5,987,518

  • CONFERENCES, EVENTS AND OTHERS - PROVIDES CONFERENCES AND WORKSHOPS DURING THE YEAR TO PROVIDE FOR THE DISSEMINATION OF INFORMATION AND SURVEYS RELATED TO THE GOALS AND MISSION OF HACU. THIS PROGRAM IS PRIMARILY FUNDED BY CONFERENCE FEES AND DONATIONS.

    Expenses $3,239,545 · Revenue $2,663,709

  • ADVOCACY - ASSIST ADVOCATES AND OTHER STAKEHOLDERS TO MAKE THEIR VOICES HEARD ON THE MOST IMPORTANT PUBLIC POLICY ISSUES IMPACTING HISPANIC-SERVING INSTITUTIONS (HSI'S) AND OTHER HACU MEMBER COLLEGES AND UNIVERSITIES.

    Expenses $828,351

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

Listed in Part VII

  • MIKE FLORES

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • JUAN MUNOZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • EMMA GRACE HERNANDEZ FLORES

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • IRMA BECERRA

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • FEDERICO ZARAGOZA

    SUBSTITUTE FOR PAST CHAIR

    Total calculated
    $0
    Hours/week
    3

  • TED ALEJANDRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ABEL ANTONIO CHAVEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ADELA DE LA TORRE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA LARIVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • REYES GONZALEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DANIEL LOPEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • FRANK SANCHEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARY MAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARGARET MCMENAMIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRAD MORTENSEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GREG PETERSON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • GARNETT STOKES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LUKE VISCONTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTONIO FLORES

    PRESIDENT & CEO

    Total calculated
    $827,447
    From this org
    $622,733
    From related orgs
    $0
    Other
    $204,714
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $622,733
    Bonus
    $0
    Other
    $0
    Deferred
    $132,284
    Nontaxable benefits
    $72,430
    Filer's total
    $827,447

  • LENA RODRIGUEZ

    SVP POLICY & GOVT

    Total calculated
    $284,439
    From this org
    $262,459
    From related orgs
    $0
    Other
    $21,980
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $262,459
    Bonus
    $0
    Other
    $0
    Deferred
    $15,221
    Nontaxable benefits
    $6,759
    Filer's total
    $284,439

  • LISA ALCORTA

    SVP PROGRAMS & OPS

    Total calculated
    $190,602
    From this org
    $174,274
    From related orgs
    $0
    Other
    $16,328
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $174,274
    Bonus
    $0
    Other
    $0
    Deferred
    $10,080
    Nontaxable benefits
    $6,248
    Filer's total
    $190,602

  • SONIA MARTINEZ

    AVP ADVANCEMENT & MKTG

    Total calculated
    $135,198
    From this org
    $126,938
    From related orgs
    $0
    Other
    $8,260
    Hours/week
    40

  • MARK KING

    CFO

    Total calculated
    $149,980
    From this org
    $138,788
    From related orgs
    $0
    Other
    $11,192
    Hours/week
    40

  • MARIA DE LOS REYES

    AVP PROGRAMS & SERVICES

    Total calculated
    $166,972
    From this org
    $149,464
    From related orgs
    $0
    Other
    $17,508
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $149,464
    Bonus
    $0
    Other
    $0
    Deferred
    $7,742
    Nontaxable benefits
    $9,766
    Filer's total
    $166,972

  • NORMA JEAN GARCIA

    SR EXEC DIR COMMUNICATIONS

    Total calculated
    $134,143
    From this org
    $114,662
    From related orgs
    $0
    Other
    $19,481
    Hours/week
    40

  • SILVIA KENNISON

    SR EXEC DIR CONFERENCES

    Total calculated
    $142,609
    From this org
    $121,259
    From related orgs
    $0
    Other
    $21,350
    Hours/week
    40

  • PAUL MACHEN

    EXEC DIR PROF LEADERSHIP

    Total calculated
    $123,987
    From this org
    $117,038
    From related orgs
    $0
    Other
    $6,949
    Hours/week
    40

  • ELIGIO MENDEZ

    CHIEF OF STAFF

    Total calculated
    $150,024
    From this org
    $143,588
    From related orgs
    $0
    Other
    $6,436
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $143,588
    Bonus
    $0
    Other
    $0
    Deferred
    $4,945
    Nontaxable benefits
    $1,491
    Filer's total
    $150,024

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

  • 1a · Travel for companions
  • 1a · Discretionary spending account
  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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
2023
Filed
17 May 2024
IRS schema version
2023v5.0
Source object
202431389349301413

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