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Nonprofiteer
← HISPA INC

Form 990 for tax year 2024

Filed by HISPA INC.

Totals

Total revenue
$1,169,812
Total expenses
$1,204,295
Contributions and grants received
$972,806
Grants paid
$106,500
Program service revenue
$208,186
Investment income
$13,205
Other revenue
-$24,385
Total assets, end of year
$736,826
Total liabilities, end of year
$196,906
Net assets or fund balances, end of year
$539,920
Program services expenses (Part IX)
$999,910
Management and general expenses
$129,135
Fundraising expenses
$75,250
Program service expenses (Part III)
$999,910

Program services were 83.0% 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.

  • 1c · Fundraising events

    $101,500

  • 1e · Government grants (contributions)

    $266,833

  • 1f · All other contributions, gifts and grants

    $604,473

  • 1g · Noncash contributions included above

    $5,000

  • 2a · Program service revenue: LEADERS IN COLLEGE

    total $108,000 · related or exempt $108,000

  • 2b · Program service revenue: ROLE MODEL PROGRAM

    total $93,500 · related or exempt $93,500

  • 2c · Program service revenue: SPEAKING ENGAGEMENTS

    total $6,686 · related or exempt $6,686

  • 3 · Investment income

    total $13,205 · excluded $13,205

  • 8a · Fundraising events: gross income

    $24,250

  • 8a · Fundraising events: contributions included on line 1c

    $101,500

  • 8b · Fundraising events: direct expenses

    $48,635

  • 8c · Net income from fundraising events

    total -$24,385 · excluded -$24,385

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $106,500 · program services $106,500

  • 5 · Compensation of officers, directors and key employees

    total $211,200 · program services $172,300 · management and general $11,400 · fundraising $27,500

  • 7 · Other salaries and wages

    total $62,584 · program services $15,967 · management and general $46,617

  • 9 · Other employee benefits

    total $1,350 · management and general $1,350

  • 10 · Payroll taxes

    total $5,536 · program services $2,049 · management and general $3,487

  • 11c · Fees: accounting

    total $31,144 · management and general $31,144

  • 11g · Fees: other

    total $654,638 · program services $588,712 · management and general $18,176 · fundraising $47,750

  • 12 · Advertising and promotion

    total $6,305 · program services $6,015 · management and general $290

  • 13 · Office expenses

    total $3,109 · program services $2,343 · management and general $766

  • 14 · Information technology

    total $15,956 · program services $15,769 · management and general $187

  • 17 · Travel

    total $34,191 · program services $28,780 · management and general $5,411

  • 19 · Conferences, conventions and meetings

    total $9,100 · program services $9,100

  • 22 · Depreciation, depletion and amortization

    total $920 · management and general $920

  • 23 · Insurance

    total $2,477 · management and general $2,477

  • 24a · Other expenses: MEALS AND ENTERTAINMENT

    total $23,178 · program services $23,124 · management and general $54

  • 24b · Other expenses: EVENT FEES

    total $17,569 · program services $17,541 · management and general $28

  • 24c · Other expenses: MISCELLANEOUS

    total $6,344 · program services $1,166 · management and general $5,178

  • 24d · Other expenses: GIFTS AND AWARDS

    total $5,624 · program services $5,544 · management and general $80

  • 24e · All other expenses

    total $6,570 · program services $5,000 · management and general $1,570

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $70,615 · end of year $204,916

  • 2 · Savings and temporary cash investments

    beginning of year $223,025 · end of year $127,635

  • 3 · Pledges and grants receivable

    beginning of year $89,300 · end of year $35,300

  • 4 · Accounts receivable

    beginning of year $24,300 · end of year $66,186

  • 9 · Prepaid expenses and deferred charges

    beginning of year $994 · end of year $994

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

    $5,763

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

    $4,240

  • 10c · Land, buildings and equipment, net

    beginning of year $2,443 · end of year $1,523

  • 11 · Investments: publicly traded securities

    beginning of year $283,182 · end of year $300,272

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,461 · end of year $115,332

  • 25 · Other liabilities

    beginning of year $114,307 · end of year $81,574

  • 27 · Net assets without donor restrictions

    beginning of year $343,341 · end of year $394,920

  • 28 · Net assets with donor restrictions

    beginning of year $225,750 · end of year $145,000

Mission and programs · 2024

Mission

TO INSPIRE STUDENTS TO DISCOVER THEIR POTENTIAL AND TO IGNITE THEIR DESIRE TO EMBRACE EDUCATION AND ACHIEVE SUCCESS.

  • THE HISPA ROLE MODEL PROGRAM: ENABLES HIGHLY-SKILLED PROFESSIONALS TO VISIT YOUTH IN PREDOMINANTLY LOW-INCOME, PUBLIC MIDDLE SCHOOL CLASSROOMS-EITHER IN PERSON OR VIRTUALLY AND SHARE THEIR PERSONAL AND EDUCATIONAL STORIES, HIGHLIGHTING THE PATHWAYS THAT LED THEM TO FULFILLING CAREERS AND SHOWING STUDENTS THAT THEY CAN DO THE SAME. DURING EACH VISIT (6 VISITS PER SCHOOL PROGRAM, PER SCHOOL YEAR), DIFFERENT HISPA ROLE MODELS SHARE THE OBSTACLES THEY'VE OVERCOME, EMPHASIZE THE IMPORTANCE OF HIGHER EDUCATION, AND INTRODUCE POTENTIAL FUTURE CAREERS. VISITS ARE TAILORED TO SCHOOL AND STUDENT NEEDS, RANGING FROM SMALL GROUP DISCUSSIONS TO LARGE AUDITORIUM PRESENTATIONS. THE HISPA ROLE MODEL PROGRAM HAS REACHED OVER 31,000 STUDENTS TO DATE. IN 2024-25, 227 UNIQUE HISPA ROLE MODELS EXECUTED 450 ROLE MODEL PROGRAM VISITS, REACHING 2,752 STUDENTS IN 73 PROGRAMS IN 40 SCHOOLS. THE HISPA ROLE MODEL PROGRAM: ON DEMAND: HISPA PROVIDES TEACHERS WITH PRE-RECORDED VIDEOS OF HISPA ROLE MODELS SHARING THEIR STORIES. LIKE THE STANDARD ROLE MODEL PROGRAM, THESE STORIES INTRODUCE COLLEGE AND CAREER OPPORTUNITIES AND EMPHASIZE THE IMPORTANCE OF ACADEMICS. STILL, WHAT SETS THIS PROGRAM APART IS HISPA'S EMPHASIS ON IMPARTING SOCIAL AND EMOTIONAL LEARNING (SEL) COMPETENCIES: EACH VIDEO HAS ITS OWN ACCOMPANYING SEL LESSON PLAN CARD, PROVIDING EXAMPLES WHERE ROLE MODELS DEMONSTRATE SEL SKILLS WHEN DEALING WITH VARIOUS SOCIAL AND GLOBAL OBSTACLES, AS WELL AS PROMPTS FOR STUDENTS TO CONNECT THESE MOMENTS WITH THEIR EVERYDAY LIVES. TEACHERS ARE FREE TO INCORPORATE THESE VIDEOS ON DEMAND AT THEIR CONVENIENCE. IN 2024-25, THIS PROGRAM MADE AT LEAST 1,250 IMPRESSIONS IN SIX SCHOOLS.HISPA ROLE MODEL PROGRAM: SPEAKER SERIES: THE HISPA SPEAKER SERIES CONNECTS STUDENTS WITH HISPA ROLE MODELS ACROSS THE NATION, BROADCASTING THEIR INSPIRATIONAL PRESENTATIONS DIRECTLY TO CLASSROOMS FOR FREE. THE HISPA SPEAKERS ARE ACCOMPLISHED AND DISTINGUISHED LEADERS WHO WOULD OTHERWISE BE UNABLE TO VISIT SCHOOLS AS PART OF THE HISPA ROLE MODEL PROGRAM. THE SERIES FEATURES OUTSTANDING LEADERS WHO HAVE NAVIGATED DIVERSE CULTURAL, EDUCATIONAL, AND PROFESSIONAL PATHWAYS TO REALIZE THEIR AMBITIONS. IN 2024-25, THE 11 SCHOOLS, REPRESENTING 450 STUDENTS, REGISTERED FOR AT LEAST ONE SPEAKER SERIES SESSION.IN ADDITION TO BRINGING HISPA ROLE MODELS TO STUDENTS' CLASSROOMS, HISPA ALSO BRINGS STUDENTS TO WORKPLACES AND COLLEGE CAMPUSES:HISPA IMAGINE DAY: WHETHER AT COMPANY HEADQUARTERS, A COLLEGE CAMPUS, OR VIA LIVESTREAM, EACH HISPA IMAGINE DAY UNITES STUDENTS WITH A GROUP OF HISPA ROLE MODELS FROM ONE GIVEN COMPANY TO DISCOVER AND EXPLORE NEW CAREER OPPORTUNITIES WITHIN THAT COMPANY. STUDENTS GET A GLIMPSE OF A DAY IN THE LIFE OF HIGHLY-SKILLED PROFESSIONALS BY EXPLORING CUTTING-EDGE TECHNOLOGIES, PARTICIPATING IN HANDS-ON INTERACTIVE WORKSHOPS, AND HEARING FROM THE COMPANY'S ROLE MODELS. IN 2024-25, HISPA HELD 21 IMAGINE DAY - CORPORATE VISITS WITH 18 COMPANIES AND UNIVERSITIES, WITH 370 HISPA ROLE MODELS HOSTING 985 STUDENTS.HISPA YOUTH CONFERENCES: THEMED "TAKE ACTION! ACHIEVE YOUR DREAMS," HISPA YOUTH CONFERENCES BRING UP TO 150 STUDENTS TO A UNIVERSITY CAMPUS FOR A FULL DAY OF HANDS-ON STEM WORKSHOPS ALONGSIDE POSITIVE, INSPIRATIONAL ROLE MODELS. YOUTH CONFERENCES EMPHASIZE THE IMPORTANCE OF HIGH SCHOOL TO FUTURE SUCCESS, EXCITE STUDENTS ABOUT COLLEGE LIFE, AND ENCOURAGE STUDENTS' EXPLORATION OF STEM STUDIES AND CAREERS. IN 2024-25, HISPA HOSTED TWO YOUTH CONFERENCES, BRINGING 195 STUDENTS AND 100 ROLE MODELS TO MONTCLAIR STATE UNIVERSITY AND PRINCETON UNIVERSITY.

    Expenses $668,595 · Revenue $100,186

  • HISPA LEADERSHIP WORKSHOP SERIES: THE LEADERSHIP WORKSHOP SERIES PROVIDES ACCESS TO LEADERSHIP DEVELOPMENT, CAREER NETWORKS, AND ROLE MODELS TO THE COLLEGE STUDENTS ENROLLED IN THE LEADERS IN COLLEGE PROGRAM AND THE NEW JERSEY GOVERNOR'S HISPANIC FELLOWS PROGRAM, FUNDED BY THE CENTER FOR HISPANIC POLICY, RESEARCH, AND DEVELOPMENT. THESE STUDENTS VISIT LOCAL CORPORATE CAMPUSES FOR HISPA LEADERSHIP WORKSHOPS, WHERE THEY ENGAGE IN HANDS-ON ACTIVITIES TO BUILD ESSENTIAL SKILLS, BOOST CONFIDENCE, AND EXPAND THEIR PROFESSIONAL NETWORKS. SIMILAR TO IMAGINE DAYS BUT TAILORED FOR COLLEGE STUDENTS, THESE WORKSHOPS ARE LED BY DIVERSE PROFESSIONALS WHO PROVIDE MENTORSHIP AND REAL-WORLD INSIGHT. THE EXPERIENCE ALLOWS STUDENTS TO IMMERSE THEMSELVES IN THE WORKPLACE AND EXPLORE A WIDE RANGE OF CAREERS WITHIN THE HOST COMPANY. IN THIS FISCAL YEAR, EIGHT LOCAL ORGANIZATIONS HOSTED LEADERSHIP WORKSHOPS FOR THE FELLOWS, AND FIVE HOSTED LEADERSHIP WORKSHOPS FOR THE LEADERS IN COLLEGE. HISPA ENGAGED 133 VOLUNTEERS IN THE WORKSHOPS; THEY PARTICIPATED AS MENTORS AND SPEAKERS, PROVIDING PROFESSIONAL DEVELOPMENT TALKS, CONDUCTING MOCK INTERVIEWS, AND PROVIDING INVALUABLE INFORMATION ABOUT DIVERSE CAREERS.

    Expenses $213,267 · Grants $106,500

  • HISPA LEADERS IN COLLEGE: SOME COLLEGE STUDENTS FACE UNIQUE PROFESSIONAL CHALLENGES INCLUDING LESS ACCESS TO LEADERSHIP DEVELOPMENT, CAREER NETWORKS, AND ROLE MODELSTHAT AFFECT THEIR FUTURE EDUCATIONAL AND EMPLOYMENT OPPORTUNITIES. THROUGH A MIX OF PROFESSIONAL DEVELOPMENT SESSIONS, DISCUSSIONS LED BY DIVERSE EXPERTS, AND VOLUNTEER OPPORTUNITIES, HISPA'S LEADERS IN COLLEGE PROGRAM HELPS COLLEGE STUDENTS, PREDOMINANTLY FROM EDUCATIONALLY AND ECONOMICALLY DISADVANTAGED BACKGROUNDS, DEVELOP BOTH "HARD AND "SOFT" SKILLS TO HELP FOSTER ACADEMIC AND PROFESSIONAL SUCCESS AND BUILD A NETWORK THAT LEADS TO INTERNSHIPS AND CAREERS. IN 2024-25, HISPA DELIVERED LEADERS IN COLLEGE WORKSHOPS TO 192 STUDENTS AT MERCER COUNTY COMMUNITY COLLEGE, THE NEW JERSEY INSTITUTE OF TECHNOLOGY, PASSAIC COUNTY COMMUNITY COLLEGE, AND RIDER UNIVERSITY. HISPA ENGAGED 22 VOLUNTEERS WHO PARTICIPATED AS PANELISTS AND MENTORS. HISPA ROLE MODEL ENGAGEMENT AND TRAINING: IN 2024-25, HISPA TRAINED 546 VOLUNTEERS FROM THE PUBLIC AND PRIVATE SECTORS THROUGH A FORMAL ONBOARDING PROCESS THAT INCLUDED ORIENTATION AND TRAINING.

    Expenses $118,048 · Revenue $108,000

  • LETTERWRITING & MY CAREER: STEP-BY-STEP: HISPA'S LETTERING CAMPAIGN ENGAGES VOLUNTEERS TO WRITE ENCOURAGING LETTERS TO UPLIFT STUDENTS WHO MAY FACE BARRIERS TO SUCCESS. THESE LETTERS LET STUDENTS KNOW THAT ADULTS HAVE GONE THROUGH SIMILAR EXPERIENCES AND PERSEVERED. KNOWING THAT SOMEONE BELIEVES IN THEM MOTIVATES STUDENTS TO PERSEVERE AND PURSUE THEIR ACADEMIC AND CAREER ASPIRATIONS. WITH "MY CAREER: STEP-BY-STEP," VOLUNTEERS COMPLETE A ONE-PAGE TEMPLATE INTRODUCING THEIR CAREERS AND THE SIGNIFICANT ACTIVITIES AND MILESTONES FROM MIDDLE SCHOOLS THROUGH COLLEGE THAT ALLOWED THEM TO BE SUCCESSFUL IN THEIR FIELDS. THIS TEMPLATE PROVIDES GREATER EXPOSURE AND ACCESS TO COLLEGE AND CAREER READINESS INFORMATION THAT MAY NOT BE AVAILABLE FROM OTHER SOURCES. BOTH PROGRAMS TARGET LOW-INCOME YOUTH IN GRADES 6 TO 9, MANY OF WHOM WOULD BE THE FIRST IN THEIR FAMILIES TO GO TO COLLEGE. OVER 700 LETTERS AND MY CAREER: STEP-BY-STEP WERE COLLECTED IN 2024-25.

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

Listed in Part VII

  • Ivonne Diaz-Claisse

    CEO

    Total calculated
    $216,000
    From this org
    $216,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $216,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $216,000
  • Yvonne Shepard

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Steven Estrada

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Miguel Porto

    TREASURER

    Total calculated
    $0
    Hours/week
    1.5
  • Rene Herrera

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Kathleen Larkin

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2
  • Roy Love

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ricardo Pellegrino

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sylvia T Polo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Walter Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2
  • Andres Polo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Monica Diaz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Katrin Bruschi

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Michelle Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5

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 · Form 990 of other organizations
  • 3 · Written employment contract
  • 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 3
THE BOARD IS RESPONSIBLE FOR REVIEWING THE ANNUAL CONSULTING CONTRACT OF THE CEO. THE BOARD REVIEWS THE FORM 990 OF OTHER SCOPE OF RESPONSIBILITIES AND QUALIFICATIONS TO USE AS A BENCHMARK FOR CEO UNDER THE CONTRACT IS REASONABLE. THERE ARE NO OTHER OFFICERS OR NON-PROFIT ORGANIZATIONS WHOSE CHIEF MANAGEMENT OFFICERS HAVE A SIMILAR ASSESSING WHETHER THE COMPENSATION LIKELY TO BE PAID TO THE PRESIDENT & KEY EMPLOYEES OF THE ORGANIZATION.

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
20 January 2026
IRS schema version
2024v5.5
Source object
202640209349300004

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