Form 990 for tax year 2022
Filed by WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $743,104
- Total expenses
- $572,681
- Contributions and grants received
- $743,104
- Grants paid
- $530,352
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $974,760
- Total liabilities, end of year
- $473,475
- Net assets or fund balances, end of year
- $501,285
- Program services expenses (Part IX)
- $540,206
- Management and general expenses
- $32,475
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $540,206
Program services were 94.3% 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.
-
1d · Related organizations
$32,445
-
1f · All other contributions, gifts and grants
$710,659
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $530,352 · program services $530,352
-
11c · Fees: accounting
total $32,445 · management and general $32,445
-
22 · Depreciation, depletion and amortization
total $9,854 · program services $9,854
-
24a · Other expenses: MISCELLANEOUS EXPENSE
total $30 · management and general $30
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $56,360 · end of year $502,893
-
3 · Pledges and grants receivable
beginning of year $286,375 · end of year $460,250
-
9 · Prepaid expenses and deferred charges
end of year $120
-
10a · Land, buildings and equipment: cost or other basis
$49,272
-
10b · Land, buildings and equipment: accumulated depreciation
$37,775
-
10c · Land, buildings and equipment, net
beginning of year $21,351 · end of year $11,497
-
17 · Accounts payable and accrued expenses
beginning of year $33,224 · end of year $473,475
-
27 · Net assets without donor restrictions
beginning of year $17,447 · end of year $13,995
-
28 · Net assets with donor restrictions
beginning of year $313,415 · end of year $487,290
Mission and programs · 2022
Mission
THE FOUNDATION PROMOTES ECONOMIC DEVELOPMENT BY FOSTERING THE NEXT GENERATION OF NEW BUSINESSES AND CREATING RELATED EMPLOYMENT OPPORTUNITIES.
-
BUSINESS DEVELOPMENT EXISTS TO REVITALIZE LATINX BUSINESS COMMUNITY THROUGH EDUCATION AND BRINGING TOOLS TO LATINX BUSINESSES.
Expenses $200,000 · Grants $200,000
-
TALENT DEVELOPMENT THROUGH EDUCATION EXISTS TO BUILD A PIPLELINE THAT CONNECTS LATINX COLLEGE STUDENTS WITH AREA EMPLOYERS.
Expenses $215,000 · Grants $215,000
-
THE FOUNDATION SUPPORTS THE WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE AND OTHER ORGANZATIONS WITH SIMILAR MISSIONS, TO INCREASE ECONOMIC ADVANCEMENT OF HISPANIC OWNED BUSINESSES AND TO ASSIST THE PROFESSIONAL GROWTH OF HISPANIC BUSINESS LEADERS IN WEST MICHIGAN.
Expenses $125,206 · Grants $115,352
-
UNITY FUND GRANTS - UNITY FUND EXISTS TO PROVIDE MATCHING FUNDS FOR SMALL LATINX BUSINESS OWNERS THAT ARE NOT ABLE TO PROVIDE SICK LEAVE FOR ILL EMPLOYESS DURING COVID-19.
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Guillermo CisnerosGUILLERMO CISNEROS
PRESIDENT &
- Total calculated
- $136,289
- From this org
- $0
- From related orgs
- $114,235
- Other
- $22,054
- Hours/week
- 10 + 40 related
-
Juan Carlos HernandezJUAN CARLOS HERNANDEZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tessa KeenaTESSA KEENA
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brad LaackmanBRAD LAACKMAN
VICE PRESIDE
- Total calculated
- $0
- Hours/week
- 1
-
Tony BakerTONY BAKER
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Raul AlvarezRAUL ALVAREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Luis AvilaLUIS AVILA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Caryn ZavalaCARYN ZAVALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Graciela WillbrandtGRACIELA WILLBRANDT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Isabel MedellinISABEL MEDELLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Rene RodriguezRENE RODRIGUEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Maria CurtisMARIA CURTIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Greg SanialGREG SANIAL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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
-
WEST MICH HISPANIC CHAMBER OF COMM
$530,352
PROGRAM FUNDING
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WEST MICH HISPANIC CHAMBER OF COMM
501C6 · ECON ADV · MI
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 10 October 2023
- IRS schema version
- 2022v5.0
- Source object
- 202313119349301496
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