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Nonprofiteer
← HISPANIC AMERICAN COUNCIL INCORPORATED

Form 990 for tax year 2023

Filed by HISPANIC AMERICAN COUNCIL INCORPORATED.

Totals

Total revenue
$1,501,756
Total expenses
$1,422,888
Contributions and grants received
$1,267,531
Grants paid
$0
Program service revenue
$190,152
Investment income
$17,031
Other revenue
$27,042
Total assets, end of year
$6,492,260
Total liabilities, end of year
$991,714
Net assets or fund balances, end of year
$5,500,546
Program services expenses (Part IX)
$919,321
Management and general expenses
$441,825
Fundraising expenses
$61,742
Program service expenses (Part III)
$919,321

Program services were 64.6% 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

    $50,070

  • 1e · Government grants (contributions)

    $25,000

  • 1f · All other contributions, gifts and grants

    $1,192,461

  • 2a · Program service revenue: PROGRAM REVENUE

    total $190,152 · related or exempt $190,152

  • 3 · Investment income

    total $17,031 · excluded $17,031

  • 8a · Fundraising events: gross income

    $26,749

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

    $50,070

  • 8c · Net income from fundraising events

    total $26,749

  • 11a · Other revenue: OTHER REVENUE

    total $293 · excluded $293

  • 11e · Other revenue, total

    $293

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $75,625 · program services $68,063 · management and general $7,562

  • 7 · Other salaries and wages

    total $626,917 · program services $503,992 · management and general $114,674 · fundraising $8,251

  • 9 · Other employee benefits

    total $20,305 · program services $10,925 · management and general $9,109 · fundraising $271

  • 10 · Payroll taxes

    total $52,533 · program services $43,518 · management and general $8,407 · fundraising $608

  • 11c · Fees: accounting

    total $52,181 · program services $26,090 · management and general $20,873 · fundraising $5,218

  • 11g · Fees: other

    total $27,653 · program services $10,067 · management and general $17,586

  • 12 · Advertising and promotion

    total $6,440 · program services $4,669 · management and general $708 · fundraising $1,063

  • 13 · Office expenses

    total $19,638 · program services $7,770 · management and general $11,359 · fundraising $509

  • 17 · Travel

    total $25,637 · program services $6,129 · management and general $19,468 · fundraising $40

  • 20 · Interest

    total $216 · management and general $216

  • 22 · Depreciation, depletion and amortization

    total $1,261 · management and general $1,261

  • 23 · Insurance

    total $46,689 · program services $5,311 · management and general $40,619 · fundraising $759

  • 24a · Other expenses: FACILITY AND EQUIPMENT

    total $223,809 · program services $41,156 · management and general $176,169 · fundraising $6,484

  • 24b · Other expenses: GRANTS AND CONTRACT

    total $125,849 · program services $124,474 · management and general $1,375

  • 24c · Other expenses: COMMUNITY ENGAGEMENT

    total $101,095 · program services $59,144 · management and general $5,261 · fundraising $36,690

  • 24d · Other expenses: MISCELLANEOUS

    total $9,475 · program services $848 · management and general $6,828 · fundraising $1,799

  • 24e · All other expenses

    total $7,565 · program services $7,165 · management and general $350 · fundraising $50

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,119,123 · end of year $386,362

  • 2 · Savings and temporary cash investments

    end of year $748,447

  • 3 · Pledges and grants receivable

    beginning of year $536,130 · end of year $19,450

  • 4 · Accounts receivable

    beginning of year $13,388 · end of year $49,768

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,662 · end of year $60,016

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

    $68,629

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

    $41,227

  • 10c · Land, buildings and equipment, net

    beginning of year $28,662 · end of year $27,402

  • 12 · Investments: other securities

    end of year $1,766,799

  • 15 · Other assets

    beginning of year $1,847,860 · end of year $3,434,016

  • 17 · Accounts payable and accrued expenses

    beginning of year $126,826 · end of year $936,379

  • 25 · Other liabilities

    end of year $55,335

  • 27 · Net assets without donor restrictions

    beginning of year $2,323,705 · end of year $3,858,460

  • 28 · Net assets with donor restrictions

    beginning of year $3,106,294 · end of year $1,642,086

Mission and programs · 2023

Mission

TO ENABLE AND PROMOTE THE PROSPERITY OF A THRIVING LATINO COMMUNITY, EQUIPPED TO PRESERVE DISTINCT CULTURAL IDENTITIES WITHIN THE BROADER COMMUNITY.

  • TO STRENGTHEN CONNECTIONS BETWEEN THE HISPANIC COMMUNITY AND OTHER NON- PROFITS, GOVERNMENTAL ORGANIZATIONS, AND OTHERS WHO SHARE OUR MISSION AND VALUES.

    Expenses $119,800 · Revenue $190,152

  • TO STRENGTHEN CHILDREN'S POTENTIAL BY CREATING A LEARNING ENVIRONMENT WHERE THEIR INNATE INTEREST TO LEARN AND EXPLORE IS SUPPORTED, ENRICHED, AND DEVELOPED.

    Expenses $228,660

  • AN EXCITING LEARNING ENVIRONMENT THAT PROMOTES CULTURAL/LINGUISTIC IDENTITY AND CREATES THE FOUNDATION AND BELIEF IN LEARNING AS A VEHICLE TO REACH ONE'S POTENTIAL.

    Expenses $386,848

  • HISPANIC LIAISON SERVICES TO IMPROVE EDUCATIONAL PROGRESS AND OPPORTUNITIES FOR HISPANIC CHILDREN AND ADULTS.

    Expenses $184,013

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

Listed in Part VII

  • Adrian Vazquez-Alatorre

    EXECUTIVE DI

    Total calculated
    $75,473
    From this org
    $75,473
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Maria Luisa Diaz

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • Sandra Calderon Huezo

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    2

  • Fidel Salas

    TREASURER

    Total calculated
    $0
    Hours/week
    2

  • Susan Hernandez

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Fidel Salas

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ariel Castillo

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Rachel Vinales

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Diana Hernandez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Angel L Gullon-Rivera

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Lana Escamilla

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Fanny Fernandez

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Mark McKeon

    MEMBER

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
7 May 2025
IRS schema version
2023v6.0
Source object
202541339349301919

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