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Nonprofiteer
← HISPANIC FEDERATION INC

Form 990 for tax year 2023

Filed by HISPANIC FEDERATION INC.

Totals

Total revenue
$67,915,333
Total expenses
$61,640,559
Contributions and grants received
$67,422,582
Grants paid
$31,618,176
Program service revenue
$0
Investment income
$237,589
Other revenue
$255,162
Total assets, end of year
$60,334,731
Total liabilities, end of year
$8,314,678
Net assets or fund balances, end of year
$52,020,053
Program services expenses (Part IX)
$55,719,167
Management and general expenses
$3,911,873
Fundraising expenses
$2,009,519
Program service expenses (Part III)
$55,719,167

Program services were 90.4% 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

    $3,266,208

  • 1e · Government grants (contributions)

    $37,907,485

  • 1f · All other contributions, gifts and grants

    $26,248,889

  • 1g · Noncash contributions included above

    $10,886

  • 3 · Investment income

    total $557,260 · excluded $557,260

  • 7a · Gross sales of assets other than inventory

    securities $1,072,942

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

    securities $1,392,613

  • 7c · Gain or loss

    securities -$319,671

  • 7d · Net gain or loss

    total -$319,671 · excluded -$319,671

  • 8a · Fundraising events: gross income

    $585,331

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

    $3,266,208

  • 8b · Fundraising events: direct expenses

    $585,331

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $255,162 · excluded $255,162

  • 11e · Other revenue, total

    $255,162

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,548,765 · program services $30,548,765

  • 2 · Grants to domestic individuals

    total $1,069,411 · program services $1,069,411

  • 5 · Compensation of officers, directors and key employees

    total $837,083 · program services $96,838 · management and general $546,569 · fundraising $193,676

  • 7 · Other salaries and wages

    total $6,479,831 · program services $4,493,262 · management and general $1,323,162 · fundraising $663,407

  • 8 · Pension plan contributions

    total $264,567 · program services $203,066 · management and general $46,414 · fundraising $15,087

  • 9 · Other employee benefits

    total $1,139,083 · program services $815,874 · management and general $239,211 · fundraising $83,998

  • 10 · Payroll taxes

    total $660,057 · program services $449,474 · management and general $157,873 · fundraising $52,710

  • 11b · Fees: legal

    total $85,321 · program services $16,154 · management and general $69,167

  • 11c · Fees: accounting

    total $68,500 · management and general $68,500

  • 11g · Fees: other

    total $13,345,984 · program services $12,806,722 · management and general $171,662 · fundraising $367,600

  • 13 · Office expenses

    total $419,649 · program services $331,176 · management and general $42,754 · fundraising $45,719

  • 14 · Information technology

    total $455,240 · program services $355,902 · management and general $82,970 · fundraising $16,368

  • 16 · Occupancy

    total $439,817 · program services $239,163 · management and general $196,912 · fundraising $3,742

  • 17 · Travel

    total $400,554 · program services $293,986 · management and general $24,493 · fundraising $82,075

  • 19 · Conferences, conventions and meetings

    total $276,846 · program services $220,445 · management and general $21,995 · fundraising $34,406

  • 22 · Depreciation, depletion and amortization

    total $280,703 · program services $80,247 · management and general $196,626 · fundraising $3,830

  • 23 · Insurance

    total $107,999 · management and general $107,999

  • 24a · Other expenses: PUBLIC OUTREACH AND PRO

    total $2,073,263 · program services $2,071,932 · fundraising $1,331

  • 24b · Other expenses: TEMPORARY HELP

    total $727,515 · program services $727,515

  • 24c · Other expenses: OTHER EXPENSES

    total $637,885 · program services $481,109 · management and general $52,380 · fundraising $104,396

  • 24d · Other expenses: BAD DEBT EXPENSE

    total $377,910 · management and general $377,910

  • 24e · All other expenses

    total $944,576 · program services $418,126 · management and general $185,276 · fundraising $341,174

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,979,832 · end of year $7,576,397

  • 2 · Savings and temporary cash investments

    beginning of year $11,618,753 · end of year $15,375,122

  • 3 · Pledges and grants receivable

    beginning of year $10,558,621 · end of year $14,860,566

  • 4 · Accounts receivable

    beginning of year $100,000 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $94,223 · end of year $167,164

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

    $7,517,676

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

    $3,515,281

  • 10c · Land, buildings and equipment, net

    beginning of year $4,163,974 · end of year $4,002,395

  • 11 · Investments: publicly traded securities

    beginning of year $11,926,716 · end of year $17,955,646

  • 15 · Other assets

    beginning of year $303,055 · end of year $397,441

  • 17 · Accounts payable and accrued expenses

    beginning of year $892,448 · end of year $932,778

  • 18 · Grants payable

    beginning of year $2,327,938 · end of year $4,770,756

  • 19 · Deferred revenue

    beginning of year $10,000 · end of year $74,539

  • 25 · Other liabilities

    beginning of year $472,709 · end of year $2,536,605

  • 27 · Net assets without donor restrictions

    beginning of year $12,006,980 · end of year $24,652,484

  • 28 · Net assets with donor restrictions

    beginning of year $32,035,099 · end of year $27,367,569

Mission and programs · 2023

Mission

A SERVICE-ORIENTED MEMBERSHIP ORGANIZATION OF HEALTH AND HUMAN SERVICE AGENCIES DEDICATED TO ADDRESSING THE NEEDS OF HISPANIC-AMERICANS IN THE U.S.

Activities or mission (Part I)

THE MISSION OF THE HISPANIC FEDERATION IS TO EMPOWER AND ADVANCE THE HISPANIC COMMUNITY.

  • THE HISPANIC FEDERATION, INC. (ORGANIZATION") WAS INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK ON JULY 3, 1990, AS A NOT-FOR-PROFIT ORGANIZATION. THE ORGANIZATION IS THE NATION'S PREMIER LATINO NONPROFIT MEMBERSHIP ORGANIZATION WITH OFFICES IN NEW YORK, WASHINGTON, D.C., CONNECTICUT, NORTH CAROLINA, FLORIDA, ILLINOIS, AND PUERTO RICO. THE ORGANIZATION UPLIFTS MILLIONS OF HISPANIC CHILDREN, YOUTH, AND FAMILIES LOCALLY AND NATIONALLY THROUGH FOUR ESSENTIAL SERVICE PILLARS:COMMUNITY ASSISTANCE PROGRAMS THAT SUPPORT AND UPLIFT LATINO FAMILIES AND COMMUNITIES WITH DIRECT SOCIAL SERVICES IN THE AREAS OF EDUCATION, IMMIGRATION, HEALTH CARE, ECONOMIC DEVELOPMENT, AND THE ENVIRONMENT. IN 2023, THE ORGANIZATION EXPANDED ITS DIGITAL EQUITY OFFERINGS, IMMIGRATION ASSISTANCE, FARM AND FOOD WORKERS RELIEF AID, EDUCATIONAL PROGRAMMING, AND HEALTH PREVENTION WORK TO SERVE A MUCH LARGER NUMBER OF YOUTH WORKERS, NEW AMERICANS, AND FAMILIES ACROSS ITS GROWING FOOTPRINT IN 42 STATES AND TERRITORIES.

    Expenses $44,010,757 · Grants $25,367,246

  • TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO HELP ITS NETWORK OF LATINO NONPROFIT MEMBER AGENCIES SUPPORT THEIR CORE OPERATIONAL AND INFRASTRUCTURAL NEEDS, INCLUDING BOARD GOVERNANCE, STAFF LEADERSHIP DEVELOPMENT, FUNDRAISING, FINANCIAL MANAGEMENT, STRATEGIC PLANNING, PROGRAM DEVELOPMENT AND OTHER CRITICAL AREAS.

    Expenses $1,755,850 · Grants $491,600

  • ORGANIZATIONAL DEVELOPMENT ASSISTANCE THAT FORTIFIES A NETWORK OF MORE THAN 650 LATINO FRONT-LINE GRASSROOTS ORGANIZATIONS WITH EMERGENCY ASSISTANCE, PROGRAMMATIC, AND CAPACITY-BUILDING GRANTS THAT HELP ITS NONPROFIT GRANTEES ADDRESS EMERGING AND GROWING COMMUNITY AND OPERATIONAL NEEDS.

    Expenses $6,532,455 · Grants $5,172,008

  • ADVOCACY SERVICES FOCUSED ON ADVANCING THE INTERESTS AND ASPIRATIONS OF LATINOS AND THEIR COMMUNITY-BASED ORGANIZATIONS THROUGH, AMONG OTHER THINGS, COALITION BUILDING, POLICY RESEARCH, PUBLIC EDUCATION, ADVOCACY, AND VOTER MOBILIZATION. IN 2023, THE ORGANIZATION'S ADVOCACY WORK FOCUSED ON EXPANDING IMMIGRANT JUSTICE AND OPPORTUNITIES, ADVANCING EQUITY IN FEDERAL BENEFITS FOR PUERTO RICO, AND THE PROTECTION OF HEALTH CARE ACCESS, INCLUDING REPRODUCTIVE HEALTH, LGBTQ+ RIGHTS, AND VOTING RIGHTS.

    Expenses $3,420,105 · Grants $587,322

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

Listed in Part VII

  • Marcos Torres

    CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Nathalie Rayes

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.5

  • Joan Steinberg

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Hector Mujica

    ASSISTANT SECRETARY

    Total calculated
    $0
    Hours/week
    0.5

  • Manuel Chinea

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Lazo

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Miguel Centeno

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Dean Aguillen

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Indrani M Franchini

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Juan Otero

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Ann Crommett

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Carlos L Santiago

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Inez Stewart

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Montag

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.5

  • Frankie Miranda

    PRESIDENT

    Total calculated
    $387,352
    From this org
    $344,000
    From related orgs
    $0
    Other
    $43,352
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $344,000
    Bonus
    $0
    Other
    $0
    Deferred
    $18,540
    Nontaxable benefits
    $24,812
    Filer's total
    $387,352

  • Doris Guzman

    SR VP - FINANCE

    Total calculated
    $232,875
    From this org
    $199,989
    From related orgs
    $0
    Other
    $32,886
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,989
    Bonus
    $0
    Other
    $0
    Deferred
    $11,399
    Nontaxable benefits
    $21,487
    Filer's total
    $232,875

  • Jaslyn Jimenez

    S VP - OPERATIONS

    Total calculated
    $216,855
    From this org
    $184,507
    From related orgs
    $0
    Other
    $32,348
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $184,507
    Bonus
    $0
    Other
    $0
    Deferred
    $10,505
    Nontaxable benefits
    $21,843
    Filer's total
    $216,855

  • Brent Wilkes

    SR VP FOR INSTITUTIONAL DEV

    Total calculated
    $236,601
    From this org
    $213,250
    From related orgs
    $0
    Other
    $23,351
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $213,250
    Bonus
    $0
    Other
    $0
    Deferred
    $12,435
    Nontaxable benefits
    $10,916
    Filer's total
    $236,601

  • Jessica Guzman Mejia

    VP FOR STRATEGY & IMPACT

    Total calculated
    $187,280
    From this org
    $156,603
    From related orgs
    $0
    Other
    $30,677
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $156,603
    Bonus
    $0
    Other
    $0
    Deferred
    $8,916
    Nontaxable benefits
    $21,761
    Filer's total
    $187,280

  • Stephen Calenzani

    VP FOR DEVELOPMENT

    Total calculated
    $174,164
    From this org
    $154,422
    From related orgs
    $0
    Other
    $19,742
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $154,422
    Bonus
    $0
    Other
    $0
    Deferred
    $8,907
    Nontaxable benefits
    $10,835
    Filer's total
    $174,164

  • Jessica Orozco

    SVP FOR POLICY AND COMMUNICATIONS

    Total calculated
    $179,504
    From this org
    $148,879
    From related orgs
    $0
    Other
    $30,625
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $148,879
    Bonus
    $0
    Other
    $0
    Deferred
    $8,916
    Nontaxable benefits
    $21,709
    Filer's total
    $179,504

  • Mario Colon

    VP FOR SPECIAL INITIATIVES

    Total calculated
    $138,312
    From this org
    $120,407
    From related orgs
    $0
    Other
    $17,905
    Hours/week
    35

  • Yanidsi Velez

    DEP DIRECTOR (THRU 10/23)

    Total calculated
    $142,576
    From this org
    $117,444
    From related orgs
    $0
    Other
    $25,132
    Hours/week
    35

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 · Compensation committee
  • 3 · Compensation survey or study
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
14 May 2024
IRS schema version
2023v5.0
Source object
202441359349301954

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