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Nonprofiteer
← HISPANICS IN PHILANTHROPY

Form 990 for tax year 2022

Filed by HISPANICS IN PHILANTHROPY.

Totals

Total revenue
$14,516,244
Total expenses
$18,662,601
Contributions and grants received
$13,590,468
Grants paid
$9,671,064
Program service revenue
$736,640
Investment income
$189,136
Other revenue
$0
Total assets, end of year
$27,478,627
Total liabilities, end of year
$3,813,316
Net assets or fund balances, end of year
$23,665,311
Program services expenses (Part IX)
$16,860,132
Management and general expenses
$809,967
Fundraising expenses
$992,502
Program service expenses (Part III)
$16,860,132

Program services were 90.3% 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.

  • 1b · Membership dues

    $756,846

  • 1f · All other contributions, gifts and grants

    $12,833,622

  • 1g · Noncash contributions included above

    $2,353

  • 2a · Program service revenue: ANNUAL CONFERENCE

    total $574,545 · related or exempt $574,545

  • 2b · Program service revenue: TRANSFORM PHILANTHROPY

    total $162,095 · related or exempt $162,095

  • 3 · Investment income

    total $332,550 · excluded $332,550

  • 7a · Gross sales of assets other than inventory

    securities $3,732,657

  • 7b · Less cost or other basis and sales expenses

    securities $3,876,071

  • 7c · Gain or loss

    securities -$143,414

  • 7d · Net gain or loss

    total -$143,414 · excluded -$143,414

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $5,048,277 · program services $5,048,277

  • 3 · Grants to foreign organizations and individuals

    total $4,622,787 · program services $4,622,787

  • 5 · Compensation of officers, directors and key employees

    total $526,952 · program services $403,952 · management and general $79,605 · fundraising $43,395

  • 7 · Other salaries and wages

    total $3,256,615 · program services $2,489,481 · management and general $375,723 · fundraising $391,411

  • 8 · Pension plan contributions

    total $61,271 · program services $46,859 · management and general $6,764 · fundraising $7,648

  • 9 · Other employee benefits

    total $495,950 · program services $381,443 · management and general $59,135 · fundraising $55,372

  • 10 · Payroll taxes

    total $298,655 · program services $230,555 · management and general $35,311 · fundraising $32,789

  • 11b · Fees: legal

    total $38,931 · program services $31,266 · management and general $7,477 · fundraising $188

  • 11c · Fees: accounting

    total $175,438 · program services $71,627 · management and general $95,869 · fundraising $7,942

  • 11e · Fees: professional fundraising services

    total $314,767 · fundraising $314,767

  • 11f · Fees: investment management

    total $49,643 · management and general $49,643

  • 11g · Fees: other

    total $1,651,885 · program services $1,607,730 · management and general $9,407 · fundraising $34,748

  • 12 · Advertising and promotion

    total $768 · program services $768

  • 13 · Office expenses

    total $106,003 · program services $87,053 · management and general $12,260 · fundraising $6,690

  • 14 · Information technology

    total $282,127 · program services $247,210 · management and general $30,052 · fundraising $4,865

  • 16 · Occupancy

    total $183,943 · program services $135,273 · management and general $25,066 · fundraising $23,604

  • 17 · Travel

    total $765,965 · program services $714,315 · management and general $543 · fundraising $51,107

  • 19 · Conferences, conventions and meetings

    total $608,117 · program services $608,117

  • 22 · Depreciation, depletion and amortization

    total $38,918 · program services $28,410 · management and general $5,449 · fundraising $5,059

  • 23 · Insurance

    total $19,064 · program services $13,898 · management and general $3,547 · fundraising $1,619

  • 24a · Other expenses: DUES AND SUBSCRIPTIONS

    total $22,331 · program services $17,119 · management and general $1,110 · fundraising $4,102

  • 24e · All other expenses

    total $94,194 · program services $73,992 · management and general $13,006 · fundraising $7,196

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,791,519 · end of year $6,661,009

  • 2 · Savings and temporary cash investments

    beginning of year $9,319,989 · end of year $685,710

  • 3 · Pledges and grants receivable

    beginning of year $1,479,898 · end of year $6,368,026

  • 4 · Accounts receivable

    beginning of year $76,619 · end of year $171,418

  • 9 · Prepaid expenses and deferred charges

    beginning of year $51,778 · end of year $395,061

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

    $270,221

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

    $32,588

  • 10c · Land, buildings and equipment, net

    beginning of year $197,752 · end of year $237,633

  • 11 · Investments: publicly traded securities

    beginning of year $15,710,584 · end of year $12,959,770

  • 17 · Accounts payable and accrued expenses

    beginning of year $526,147 · end of year $595,908

  • 18 · Grants payable

    beginning of year $2,372,488 · end of year $3,195,808

  • 19 · Deferred revenue

    beginning of year $0 · end of year $21,600

  • 27 · Net assets without donor restrictions

    beginning of year $22,141,879 · end of year $13,784,870

  • 28 · Net assets with donor restrictions

    beginning of year $7,587,625 · end of year $9,880,441

Mission and programs · 2022

Mission

HISPANICS IN PHILANTHROPY LEVERAGES PHILANTHROPIC RESOURCES TO MOBILIZE AND AMPLIFY THE POWER OF OUR COMMUNITIES. HIP IS AN IMPACT CATALYST RESHAPING THE LATINX FUTURE. SINCE 1981, WE'VE BEEN LEADING THE LARGEST TRANSNATIONAL NETWORK STRENGTHENING LATINX LEADERSHIP AND INFLUENCE, AND DRIVING PHILANTHROPIC RESOURCES INTO THE COMMUNITY TO BUILD A BETTER WORLD.

Activities or mission (Part I)

HISPANICS IN PHILANTHROPY'S MISSION IS TO LEVERAGE PHILANTHROPIC RESOURCES TO MOBILIZE AND AMPLIFY THE POWER OF OUR COMMUNITIES.

  • MIGRATION AND FORCED DISPLACEMENT: HIPS'S MIGRATION PROGRAM IS A MULTINATIONAL INTERMEDIARY FOR GRANTMAKING AND ISSUE ADVOCACY ADVANCING THE RIGHTS OF PEOPLE IN MOVEMENT. WE WORK TO STRENGTHEN THE COLLABORATION AND COORDINATION BETWEEN GRANTEE ORGANIZATIONS THAT ARE WORKING WITH AND FOR MIGRANTS, REFUGEES, AND ANYONE FORCEFULLY DISPLACED IN THE AMERICAS. HIP'S MULTI-FACETED APPROACH AND ABILITY TO DEVELOP DIVERSE FUNDING VEHICLES PROVIDES TARGETED, COMMUNITY INFORMED AND RAPID RESPONSE CAPACITIES TO FRONTLINE MIGRANT ORGANIZATIONS. WE FOCUS ON STRENGTHENING THE INTERNAL LEADERSHIP AND CAPABILITIES OF EVERY GROUP WE SUPPORT TO ENSURE THEY'RE READY FOR LONGER-TERM ACTION. IN 2022 MFD SUPPORTED 110 ORGANIZATIONS WITH CAPACITY BUILDING & NETWORKING OPPORTUNITIES INCLUDING GRANTMAKING IN MEXICO, HONDURAS, PERU, AND MORE. IN ADDITION HIP LAUNCHED THE 8-PART WEBINAR SERIES "CENTERING FRONTLINE VOICES ACROSS THE AMERICAS" WHICH REACHED OVER 1,000 PEOPLE AND HELD 3 DIALOGUES ON MIGRATION, CLIMATE JUSTICE AND RACIAL EQUITY.

    Expenses $4,591,803 · Grants $3,903,017

  • POWER BUILDING AND JUSTICE: POWER BUILDING AND JUSTICE IS SUPPORTING SYSTEMIC CHANGES FOR EQUITY THAT CATALYZE THE ENGAGEMENT OF COMMUNITIES TO BE AWARE OF AND ABLE TO ACCESS TOOLS AND RESOURCES TO MEET THEIR NEEDS AND CREATE CHANGES THROUGH CIVIC ENGAGEMENT, POLICY ADVOCACY, COMMUNITY ORGANIZING, POLITICAL EDUCATION AND A SENSE OF BELONGING. IN 2022, POWER BUILDING AND JUSTICE, IN PARTNERSHIP WITH THE RACIAL EQUITY TEAM, BUILT A GRANTMAKING MODEL CENTERED AROUND EQUITY AND RACE ACROSS THE SOUTH & SOUTHWEST. PARTNERED WITH HISPANIC FEDERATION TO CREATE A FUNDING POOL TO SUPPORT FLORIDA-BASED GRASSROOTS ORGANIZATIONS IN RESPONSE TO THE PASSING OF HB 1557 ALSO KNOWN AS THE "DON'T SAY GAY" BILL. SUPPORTED THE EVERYTOWN FOR GUN SAFETY NATIONAL LISTENING TOUR.

    Expenses $2,652,977 · Grants $2,155,000

  • GENDER EQUITY: SINCE 2016, THE GENDER EQUITY PROGRAM HAS BEEN ACTIVATING OUR NETWORK TO ENSURE WE'RE TACKLING THE COMPREHENSIVE RANGE OF ISSUES SURROUNDING GENDER INEQUALITY, BOTH AT A MACRO LEVEL AND WITHIN EVERY COMMUNITY IN THE US, LATAM AND THE CARIBBEAN. THE PILLARS OF OUR GENDER EQUITY PROGRAM ARE: CAPACITY BUILDING, RESEARCH THROUGH A GENDER LENS, VIOLENCE PREVENTION, AND TRAINING, AND ADVOCACY WITHIN PHILANTHROPY. IN 2022, THE GENDER EQUITY TEAM SPEARHEADED OUTREACH AND ADVOCACY INITIATIVES IN TLAXCALA WHICH CULMINATED IN A LOCAL PROGRAM TO PREVENT TRAFFICKING OF GIRLS AND WOMEN.

    Expenses $1,246,006 · Grants $1,156,575

  • INICIO VENTURES: INICIO VENTURES PROGRAM HAS A THREE PILLAR APPROACH OF INVESTING, DEVELOPING, AND CONNECTING LATINX STARTUPS, IN 2022 INICIO VENTURES PROVIDED CAPITAL TO 30 LATINX-LED STARTUPS, HELD SIX PITCH COMPETITION EVENTS, HELD 3 COHORTS OF THE FELLOWSHIP PROGRAM, AND PROVIDED FIELD BUILDING GRANTS TO ENTREPRENEURSHIP ECOSYSTEM BUILDERS.

    Expenses $1,167,715 · Grants $282,000

  • HIPGIVE: HIPGIVE IS THE ONLY BILINGUAL PLATFORM OF DIGITAL TOOLS THAT MAKES IT POSSIBLE TO MOBILIZE RESOURCES FOR SOCIAL IMPACT PROJECTS THROUGHOUT THE AMERICAS. THROUGH OUR SUITE OF INNOVATIVE TOOLS INCLUDING CROWDFUNDING CAMPAIGNS, PERMANENT DIGITAL CAMPAIGNS, PEER TO PEER GIVING AND DIGITAL GIVING CIRCLES, PEOPLE AND ORGANIZATIONS COME TOGETHER TO CREATE COMMUNITY AND MAKE AN IMPACT IN THE WORLD. IN 2022 HIPGIVE LAUNCHED A LEARNING CENTER WHICH PUBLISHED 14 REPORTS, EXPANDED CAMPAIGNS FOCUSED ON PRIDE, COMMUNITIES IN MOVEMENT, CLIMATE RESILIENCE, AND JUREZ GIVING DAY, HOSTED 50+ WEBINARS TO TRAIN OUR PARTNER ORGANIZATIONS ON THE DETAILS OF CROWDFUNDING.

    Expenses $1,146,559 · Grants $880,227

  • ALL OTHER PROGRAMS AND EMERGING STRATEGIES: ALL OTHER PROGRAM ACTIVITIES WHICH SUPPORT HISPANICS IN PHILANTHROPY'S MISSION AND VALUES.

    Expenses $6,055,072 · Grants $1,294,245 · Revenue $736,640

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Efrain Escobedo

    CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Roy Cosme

    VICE CHAIR (THRU. 6/2022)

    Total calculated
    $0
    Hours/week
    2
  • Christine Switzer

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2
  • Hilda Polanco

    TREASURER

    Total calculated
    $0
    Hours/week
    2
  • Julio Copo Terres

    SECRETARY

    Total calculated
    $0
    Hours/week
    2
  • Elizabeth Campbell

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Hector Mujica

    AT-LARGE OFFICER

    Total calculated
    $0
    Hours/week
    1
  • Jennifer Chavez Rubio

    BOARD MEMBER (THRU. 6/2022)

    Total calculated
    $0
    Hours/week
    1
  • Maribel Cifuentes

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Marco Davis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Shawn Escoffery

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Jonathan Jayes-Green

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Tony Mestres

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Cecilia Garza

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Icela Pelayo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Maria Del Socorro Pesqueira

    AT LARGE - OFFICER

    Total calculated
    $0
    Hours/week
    1
  • Raul Moas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Sam Zamarripa

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Midy Aponte

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Eli Velasquez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Manuel Santamaria

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Ana Marie Argilagos

    PRESIDENT & CEO

    Total calculated
    $304,127
    From this org
    $293,693
    From related orgs
    $0
    Other
    $10,434
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $292,693
    Bonus
    $1,000
    Other
    $0
    Deferred
    $10,364
    Nontaxable benefits
    $70
    Filer's total
    $304,127
  • Catterina Olazabal

    CHIEF FINANCIAL OFFICER

    Total calculated
    $222,825
    From this org
    $193,700
    From related orgs
    $0
    Other
    $29,125
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $190,700
    Bonus
    $3,000
    Other
    $0
    Deferred
    $5,613
    Nontaxable benefits
    $23,512
    Filer's total
    $222,825
  • Jorge Calderon

    MANAGING DIRECTOR

    Total calculated
    $177,641
    From this org
    $177,000
    From related orgs
    $0
    Other
    $641
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,000
    Bonus
    $4,000
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $641
    Filer's total
    $177,641
  • Amalia Greenberg Delgado

    VP OF PROG. & STRATEGY (THRU. 10/22)

    Total calculated
    $164,372
    From this org
    $140,000
    From related orgs
    $0
    Other
    $24,372
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,000
    Bonus
    $1,000
    Other
    $0
    Deferred
    $4,258
    Nontaxable benefits
    $20,114
    Filer's total
    $164,372
  • Jazmin Chavez

    VP OF PUBLIC AFFAIRS

    Total calculated
    $154,721
    From this org
    $148,700
    From related orgs
    $0
    Other
    $6,021
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,700
    Bonus
    $1,000
    Other
    $0
    Deferred
    $5,951
    Nontaxable benefits
    $70
    Filer's total
    $154,721
  • Brenda Vaden

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $152,249
    From this org
    $126,000
    From related orgs
    $0
    Other
    $26,249
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $125,000
    Bonus
    $1,000
    Other
    $0
    Deferred
    $3,309
    Nontaxable benefits
    $22,940
    Filer's total
    $152,249
  • Rocio Avalos

    DIRECTOR OF PEOPLE AND OPERATIONS

    Total calculated
    $142,294
    From this org
    $122,800
    From related orgs
    $0
    Other
    $19,494
    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

  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
ALL BONUSES ARE DISCRETIONARY. THE PRESIDENT'S BONUS IS DECIDED BY THE BOARD OF DIRECTORS AND THE OTHERS ARE DECIDED AND AWARDED BASED ON REVIEW BY THE PRESIDENT.

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

  • HIP-LATINOAMERICA AC

    EQUIVALENT · FACILITATE THE WORK OF HIP US AND PROMOTE DEVELOPMENT OF LATIN AMERICA · MX

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349318182

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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