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← HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES

Form 990 for tax year 2024

Filed by HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES.

Totals

Total revenue
$23,904,667
Total expenses
$21,330,696
Contributions and grants received
$21,178,897
Grants paid
$3,555,147
Program service revenue
$2,491,113
Investment income
$234,657
Other revenue
$0
Total assets, end of year
$19,905,236
Total liabilities, end of year
$4,311,654
Net assets or fund balances, end of year
$15,593,582
Program services expenses (Part IX)
$17,347,339
Management and general expenses
$3,495,767
Fundraising expenses
$487,590
Program service expenses (Part III)
$17,347,339

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

    $3,561,605

  • 1e · Government grants (contributions)

    $8,666,702

  • 1f · All other contributions, gifts and grants

    $8,950,590

  • 1g · Noncash contributions included above

    $424,169

  • 2a · Program service revenue: CONFERENCES & PUBLICATIONS

    total $2,491,113 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $234,657 · unrelated business $0 · excluded $234,657

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $926,886 · program services $926,886

  • 2 · Grants to domestic individuals

    total $2,628,261 · program services $2,628,261

  • 5 · Compensation of officers, directors and key employees

    total $2,332,758 · program services $486,705 · management and general $1,846,053 · fundraising $0

  • 7 · Other salaries and wages

    total $7,746,009 · program services $7,198,809 · management and general $270,470 · fundraising $276,730

  • 8 · Pension plan contributions

    total $407,836 · program services $310,993 · management and general $85,645 · fundraising $11,198

  • 9 · Other employee benefits

    total $475,967 · program services $362,946 · management and general $99,953 · fundraising $13,068

  • 10 · Payroll taxes

    total $769,358 · program services $586,670 · management and general $161,564 · fundraising $21,124

  • 11g · Fees: other

    total $401,921 · program services $201,109 · management and general $177,260 · fundraising $23,552

  • 12 · Advertising and promotion

    total $133,411 · program services $92,373 · management and general $40,921 · fundraising $117

  • 13 · Office expenses

    total $488,913 · program services $177,356 · management and general $298,086 · fundraising $13,471

  • 16 · Occupancy

    total $720,371 · program services $519,293 · management and general $152,418 · fundraising $48,660

  • 19 · Conferences, conventions and meetings

    total $3,427,358 · program services $3,212,156 · management and general $160,852 · fundraising $54,350

  • 23 · Insurance

    total $57,470 · program services $36,398 · management and general $17,241 · fundraising $3,831

  • 24a · Other expenses: BAD DEBTS

    total $169,166 · program services $89,151 · management and general $80,015 · fundraising $0

  • 24b · Other expenses: BANK AND MERCHANT FEES

    total $175,138 · program services $163,566 · management and general $0 · fundraising $11,572

  • 24c · Other expenses: CURRICULUM DEVELOPMENT

    total $212,917 · program services $212,917 · management and general $0 · fundraising $0

  • 24d · Other expenses: MISCELLANEOUS EXPENSES

    total $256,956 · program services $141,750 · management and general $105,289 · fundraising $9,917

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $4,587,462 · end of year $3,745,671

  • 3 · Pledges and grants receivable

    beginning of year $1,016,027 · end of year $3,942,422

  • 4 · Accounts receivable

    beginning of year $1,515,346 · end of year $862,874

  • 9 · Prepaid expenses and deferred charges

    beginning of year $341,369 · end of year $291,755

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

    $1,707,439

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

    $137,180

  • 10c · Land, buildings and equipment, net

    beginning of year $3,761,526 · end of year $1,570,259

  • 11 · Investments: publicly traded securities

    beginning of year $6,991,565 · end of year $8,074,519

  • 15 · Other assets

    beginning of year $1,565,863 · end of year $1,417,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $823,901 · end of year $780,005

  • 19 · Deferred revenue

    beginning of year $2,534,637 · end of year $2,071,439

  • 25 · Other liabilities

    beginning of year $1,568,317 · end of year $1,460,210

  • 27 · Net assets without donor restrictions

    beginning of year $11,638,203 · end of year $9,571,124

  • 28 · Net assets with donor restrictions

    beginning of year $3,214,100 · end of year $6,022,458

Mission and programs · 2024

Mission

HACUS 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)

HACUS 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 $6,660,340 · Grants $3,555,147

  • 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 $6,559,329

  • 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 $2,974,789 · Revenue $2,491,113

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

    Expenses $1,152,881

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

Listed in Part VII

  • JUAN MUNOZ

    CHAIR

    Total calculated
    $0
    Hours/week
    4

  • DANIEL LOPEZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • IRMA BECERRA

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • EMMA GRACE HERNANDEZ FLORES

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • MIKE FLORES

    IMMEDIATE 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

  • SAUL JIMENEZ-SANDOVAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CYNTHIA LARIVE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARK MILLIRON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MARIE LYNN MIRANDA

    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

  • MORDECAI BROWNLEE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • LUKE VISCONTI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • ANTONIO FLORES

    PRESIDENT & CEO

    Total calculated
    $745,957
    From this org
    $703,676
    From related orgs
    $0
    Other
    $42,281
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $703,676
    Bonus
    $0
    Other
    $0
    Deferred
    $41,400
    Nontaxable benefits
    $881
    Filer's total
    $745,957

  • LENA RODRIGUEZ

    SVP POLICY & GOVT

    Total calculated
    $297,929
    From this org
    $275,144
    From related orgs
    $0
    Other
    $22,785
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $275,144
    Bonus
    $0
    Other
    $0
    Deferred
    $15,982
    Nontaxable benefits
    $6,803
    Filer's total
    $297,929

  • LISA ALCORTA

    SVP PROGRAMS & OPS

    Total calculated
    $201,375
    From this org
    $182,674
    From related orgs
    $0
    Other
    $18,701
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $182,674
    Bonus
    $0
    Other
    $0
    Deferred
    $10,584
    Nontaxable benefits
    $8,117
    Filer's total
    $201,375

  • MARK KING

    CFO

    Total calculated
    $161,897
    From this org
    $146,731
    From related orgs
    $0
    Other
    $15,166
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $146,731
    Bonus
    $0
    Other
    $0
    Deferred
    $8,393
    Nontaxable benefits
    $6,773
    Filer's total
    $161,897

  • SONIA MARTINEZ

    AVP ADVANCEMENT & MKTG

    Total calculated
    $154,543
    From this org
    $145,188
    From related orgs
    $0
    Other
    $9,355
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $145,188
    Bonus
    $0
    Other
    $0
    Deferred
    $8,340
    Nontaxable benefits
    $1,015
    Filer's total
    $154,543

  • ELIGIO MENDEZ

    CHIEF OF STAFF

    Total calculated
    $177,642
    From this org
    $161,801
    From related orgs
    $0
    Other
    $15,841
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $161,801
    Bonus
    $0
    Other
    $0
    Deferred
    $9,300
    Nontaxable benefits
    $6,541
    Filer's total
    $177,642

  • MARIA DE LOS REYES

    AVP PROGRAMS & SERVICES

    Total calculated
    $173,925
    From this org
    $156,551
    From related orgs
    $0
    Other
    $17,374
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $156,551
    Bonus
    $0
    Other
    $0
    Deferred
    $8,930
    Nontaxable benefits
    $8,444
    Filer's total
    $173,925

  • SILVIA KENNISON

    SR EXEC DIR CONFERENCES

    Total calculated
    $149,459
    From this org
    $127,515
    From related orgs
    $0
    Other
    $21,944
    Hours/week
    40

  • PAUL MACHEN

    EXEC DIR PROF LEADERSHIP

    Total calculated
    $130,787
    From this org
    $122,656
    From related orgs
    $0
    Other
    $8,131
    Hours/week
    40

  • NORMA JEAN GARCIA

    SR EXEC DIR COMMUNICATIONS

    Total calculated
    $139,244
    From this org
    $119,274
    From related orgs
    $0
    Other
    $19,970
    Hours/week
    40

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
2024
Filed
5 May 2025
IRS schema version
2024v5.2
Source object
202541889349301309

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