Form 990 for tax year 2022
Filed by HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES.
Totals
- Total revenue
- $17,030,481
- Total expenses
- $14,582,999
- Contributions and grants received
- $15,001,625
- Grants paid
- $2,538,993
- Program service revenue
- $1,916,581
- Investment income
- $112,275
- Other revenue
- $0
- Total assets, end of year
- $18,361,631
- Total liabilities, end of year
- $4,879,155
- Net assets or fund balances, end of year
- $13,482,476
- Program services expenses (Part IX)
- $10,469,822
- Management and general expenses
- $3,765,934
- Fundraising expenses
- $347,243
- Program service expenses (Part III)
- $10,469,822
Program services were 71.8% 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.
-
1b · Membership dues
$3,132,257
-
1e · Government grants (contributions)
$5,684,877
-
1f · All other contributions, gifts and grants
$6,184,491
-
2a · Program service revenue: CONFERENCES & PUBLICATIONS
total $1,916,581 · unrelated business $0 · excluded $0
-
3 · Investment income
total $112,275 · unrelated business $0 · excluded $112,275
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,757,243 · program services $1,757,243
-
2 · Grants to domestic individuals
total $781,750 · program services $781,750
-
5 · Compensation of officers, directors and key employees
total $1,318,221 · program services $0 · management and general $1,318,221 · fundraising $0
-
7 · Other salaries and wages
total $5,265,522 · program services $4,075,870 · management and general $954,589 · fundraising $235,063
-
8 · Pension plan contributions
total $237,837 · program services $147,050 · management and general $82,306 · fundraising $8,481
-
9 · Other employee benefits
total $182,917 · program services $113,094 · management and general $63,301 · fundraising $6,522
-
10 · Payroll taxes
total $499,260 · program services $308,683 · management and general $172,775 · fundraising $17,802
-
11g · Fees: other
total $476,122 · program services $99,892 · management and general $326,047 · fundraising $50,183
-
12 · Advertising and promotion
total $137,204 · program services $116,234 · management and general $20,775 · fundraising $195
-
13 · Office expenses
total $381,339 · program services $80,734 · management and general $283,992 · fundraising $16,613
-
16 · Occupancy
total $505,775 · program services $348,481 · management and general $157,294 · fundraising $0
-
19 · Conferences, conventions and meetings
total $2,731,742 · program services $2,585,133 · management and general $136,283 · fundraising $10,326
-
23 · Insurance
total $41,559 · program services $0 · management and general $41,559 · fundraising $0
-
24a · Other expenses: BAD DEBTS
total $51,000 · program services $0 · management and general $51,000 · fundraising $0
-
24b · Other expenses: BANK AND MERCHANT FEES
total $108,946 · program services $26,693 · management and general $82,253 · fundraising $0
-
24c · Other expenses: MISCELLANEOUS
total $106,562 · program services $28,965 · management and general $75,539 · fundraising $2,058
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,724,015 · end of year $4,912,033
-
3 · Pledges and grants receivable
beginning of year $2,021,993 · end of year $1,945,912
-
4 · Accounts receivable
beginning of year $298,111 · end of year $1,489,976
-
9 · Prepaid expenses and deferred charges
beginning of year $188,551 · end of year $309,416
-
10a · Land, buildings and equipment: cost or other basis
$1,527,526
-
10b · Land, buildings and equipment: accumulated depreciation
$13,133
-
10c · Land, buildings and equipment, net
beginning of year $1,200,483 · end of year $1,514,393
-
11 · Investments: publicly traded securities
beginning of year $7,433,215 · end of year $6,348,775
-
15 · Other assets
beginning of year $42,812 · end of year $1,841,126
-
17 · Accounts payable and accrued expenses
beginning of year $484,035 · end of year $585,017
-
19 · Deferred revenue
beginning of year $1,610,985 · end of year $2,469,799
-
25 · Other liabilities
beginning of year $0 · end of year $1,824,339
-
27 · Net assets without donor restrictions
beginning of year $8,662,037 · end of year $8,462,703
-
28 · Net assets with donor restrictions
beginning of year $4,152,123 · end of year $5,019,773
Mission and programs · 2022
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 $3,388,461 · Grants $2,538,993
-
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 $4,337,906
-
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 $2,743,455 · Revenue $1,916,581
As filed on the 2022 return.
Listed in Part VII
-
Mike FloresMIKE FLORES
CHAIR
- Total calculated
- $0
- Hours/week
- 4
-
Juan MunozJUAN MUNOZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Margaret VenableMARGARET VENABLE
SECRETARY
- Total calculated
- $0
- Hours/week
- 3
-
Emma Grace Hernandez FloresEMMA GRACE HERNANDEZ FLORES
TREASURER
- Total calculated
- $0
- Hours/week
- 3
-
Federico ZaragozaFEDERICO ZARAGOZA
SUBSTITUTE FOR PAST CHAIR
- Total calculated
- $0
- Hours/week
- 3
-
Ted AlejandreTED ALEJANDRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Irma BecerraIRMA BECERRA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Adela De La TorreADELA DE LA TORRE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Howard GillmanHOWARD GILLMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Reyes GonzalezREYES GONZALEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Devorah LiebermanDEVORAH LIEBERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Cesar MaldonaldoCESAR MALDONALDO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Gary MayGARY MAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Margaret McMenaminMARGARET MCMENAMIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Brad MortensenBRAD MORTENSEN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Greg PetersonGREG PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Garnett StokesGARNETT STOKES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Luke ViscontiLUKE VISCONTI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2
-
Antonio FloresANTONIO FLORES
PRESIDENT & CEO
- Total calculated
- $679,909
- From this org
- $547,013
- From related orgs
- $0
- Other
- $132,896
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $547,013
- Bonus
- $0
- Other
- $0
- Deferred
- $125,985
- Nontaxable benefits
- $6,911
- Filer's total
- $679,909
-
Lena RodriguezLENA RODRIGUEZ
SVP POLICY & GOVT
- Total calculated
- $233,399
- From this org
- $219,996
- From related orgs
- $0
- Other
- $13,403
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $219,996
- Bonus
- $0
- Other
- $0
- Deferred
- $7,248
- Nontaxable benefits
- $6,155
- Filer's total
- $233,399
-
Lisa AlcortaLISA ALCORTA
SVP PROGRAMS & OPS
- Total calculated
- $160,374
- From this org
- $157,235
- From related orgs
- $0
- Other
- $3,139
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,235
- Bonus
- $0
- Other
- $0
- Deferred
- $2,954
- Nontaxable benefits
- $185
- Filer's total
- $160,374
-
Sonia MartinezSONIA MARTINEZ
AVP ADVANCEMENT & MKTG
- Total calculated
- $106,173
- From this org
- $104,130
- From related orgs
- $0
- Other
- $2,043
- Hours/week
- 40
-
Mark KingMARK KING
CFO
- Total calculated
- $31,877
- From this org
- $30,328
- From related orgs
- $0
- Other
- $1,549
- Hours/week
- 40
-
Amanda JaimeAMANDA JAIME
DIRECTOR OF FINANCE
- Total calculated
- $106,489
- From this org
- $98,285
- From related orgs
- $0
- Other
- $8,204
- 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
- 2022
- Filed
- 31 May 2023
- IRS schema version
- 2022v5.0
- Source object
- 202321529349300027
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