Totals
- Total revenue
- $2,828,553
- Total expenses
- $3,394,198
- Contributions and grants received
- $223,762
- Grants paid
- $102,500
- Program service revenue
- $2,178,346
- Investment income
- $426,325
- Other revenue
- $120
- Total assets, end of year
- $6,428,954
- Total liabilities, end of year
- $1,170,220
- Net assets or fund balances, end of year
- $5,258,734
- Program services expenses (Part IX)
- $2,699,137
- Management and general expenses
- $694,349
- Fundraising expenses
- $712
- Program service expenses (Part III)
- $2,699,137
Program services were 79.5% 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
$63,886
-
1f · All other contributions, gifts and grants
$159,876
-
1g · Noncash contributions included above
$1,221
-
2a · Program service revenue: ADVERTISING
total $86,019 · unrelated business $86,019
-
2b · Program service revenue: ANNUAL CONFERENCE
total $1,322,322 · related or exempt $1,322,322
-
2c · Program service revenue: CAREER CENTER
total $198,930 · related or exempt $198,930
-
2d · Program service revenue: NATIONAL & CHAPTER EVENTS
total $571,075 · related or exempt $571,075
-
3 · Investment income
total $427,333 · excluded $427,333
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $120 · excluded $120
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
other assets $124
-
7b · Less cost or other basis and sales expenses
other assets $1,132
-
7c · Gain or loss
other assets -$1,008
-
7d · Net gain or loss
total -$1,008 · excluded -$1,008
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,500 · program services $10,500
-
2 · Grants to domestic individuals
total $92,000 · program services $92,000
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $469,787 · program services $326,292 · management and general $143,495
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $418,685 · program services $291,646 · management and general $127,039
-
8 · Pension plan contributions
total $19,993 · program services $11,860 · management and general $8,133
-
9 · Other employee benefits
total $49,313 · program services $31,578 · management and general $17,735
-
10 · Payroll taxes
total $104,968 · program services $79,395 · management and general $25,573
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $28,994 · program services $4,878 · management and general $24,116
-
11c · Fees: accounting
total $33,682 · management and general $33,682
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $1,264,536 · program services $1,129,878 · management and general $134,658
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $0
-
14 · Information technology
total $296 · management and general $296
-
15 · Royalties
total $0
-
16 · Occupancy
total $29,606 · program services $19,511 · management and general $9,422 · fundraising $673
-
17 · Travel
total $240,212 · program services $170,997 · management and general $69,215
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $433,697 · program services $416,452 · management and general $17,245
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $0
-
24a · Other expenses: EQUIPMENT & FURNITURE
total $105,466 · program services $80,624 · management and general $24,842
-
24b · Other expenses: MISCELLANEOUS
total $46,158 · program services $1,359 · management and general $44,799
-
24c · Other expenses: SUPPLIES
total $28,381 · program services $25,366 · management and general $3,015
-
24d · Other expenses: TELECOMMUNICATIONS
total $7,463 · management and general $7,463
-
24e · All other expenses
total $10,461 · program services $6,801 · management and general $3,621 · fundraising $39
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,075,216 · end of year $1,052,618
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $169,267 · end of year $97,077
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $71,999 · end of year $65,129
-
10a · Land, buildings and equipment: cost or other basis
$39,353
-
10b · Land, buildings and equipment: accumulated depreciation
$35,855
-
10c · Land, buildings and equipment, net
beginning of year $4,723 · end of year $3,498
-
11 · Investments: publicly traded securities
beginning of year $3,334,663 · end of year $5,180,810
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $43,555 · end of year $29,822
-
17 · Accounts payable and accrued expenses
beginning of year $684,654 · end of year $995,225
-
19 · Deferred revenue
beginning of year $298,166 · end of year $174,995
-
27 · Net assets without donor restrictions
beginning of year $5,665,518 · end of year $5,217,699
-
28 · Net assets with donor restrictions
beginning of year $51,085 · end of year $41,035
Mission and programs · 2023
Mission
THE ORGANIZATION'S MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC, AND SOCIAL POTENTIAL.
-
Includes other programs focused on leadership development, career advancement, educational opportunities, and networking events. Two of these programs the Prospanica Scholarship Program and the Prospanica Center for Social Justice are further described below.The Prospanica Scholarship Program supports Hispanic students pursuing undergraduate or graduate degrees in business and related fields. By providing financial assistance, this program helps students overcome financial barriers and achieve their academic goals. This, in turn, promotes the advancement of Hispanics in higher education and contributes to a more diverse and inclusive business landscape.The Prospanica Center for Social Justice is dedicated to promoting equity, fairness, and inclusion within the Hispanic community and beyond. By addressing systemic barriers and challenges that impact Hispanics' ability to achieve their full potential, the Center works to create lasting, positive change in society.
Expenses $1,545,727 · Grants $97,000 · Revenue $463,259
-
The Prospanica National Conference is a premier event that brings together Hispanic professionals, students, and corporate partners to promote educational advancement, career development, and leadership within the Hispanic community. This event provides invaluable networking opportunities, professional development workshops, and access to resources that empower participants to achieve their career goals.
Expenses $908,804 · Grants $17,500 · Revenue $1,322,322
-
Prospanica Local Chapter Events offer a platform for Hispanic professionals and students to connect, learn, and grow within their local communities. These events provide tailored educational programs, professional development opportunities, and access to valuable resources that enable participants to thrive in their careers. By fostering connections and empowering Hispanic professionals at the local level, these events contribute to the overall advancement of the Hispanic community and promote a diverse, inclusive business landscape.
Expenses $128,856 · Revenue $220,381
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Thomas SavinoTHOMAS SAVINO
CEO
- Total calculated
- $350,675
- From this org
- $346,668
- From related orgs
- $0
- Other
- $4,007
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $280,718
- Bonus
- $47,950
- Other
- $18,000
- Deferred
- $4,007
- Nontaxable benefits
- not reported
- Filer's total
- $350,675
-
Maria LimaMARIA LIMA
VP OF FINANCE
- Total calculated
- $107,573
- From this org
- $100,888
- From related orgs
- $0
- Other
- $6,685
- Hours/week
- 40
-
Amanda TovarAMANDA TOVAR
COO
- Total calculated
- $11,538
- From this org
- $11,538
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Raquel Santiago-MartinezRAQUEL SANTIAGO-MARTINEZ
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Kirk SantosKIRK SANTOS
Director
- Total calculated
- $0
- Hours/week
- 2
-
Joe ZubiJOE ZUBI
Director
- Total calculated
- $0
- Hours/week
- 2
-
Jim HuertaJIM HUERTA
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 2
-
Janet SimmsJANET SIMMS
Chairman
- Total calculated
- $0
- Hours/week
- 2
-
Bill SchwartzBILL SCHWARTZ
Director
- Total calculated
- $0
- Hours/week
- 2
-
Elyse EstradaELYSE ESTRADA
Director
- Total calculated
- $0
- Hours/week
- 2
-
Erika CramerERIKA CRAMER
Secretary
- Total calculated
- $0
- Hours/week
- 2
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 · Discretionary spending account
- 1a · Housing allowance or residence for personal use
- 1b · Written policy on the line-1a expenses
- 3 · Form 990 of other organizations
- 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
The filer's explanations (Part III)
- Part I, Line 1a: Relevant information in regards to selections on 1a.
- THE ORGANIZATION FOLLOWED THE CEO EMPLOYMENT AGREEMENT ADN RECEIPTS WERE SUBMITTED FOR REIMBURSEMENT.
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
-
$10,500
HISPA PARTNERSHIP
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 24 September 2024
- IRS schema version
- 2023v5.1
- Source object
- 202402689349300220
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.