Form 990 for tax year 2024
Filed by FRESNO AREA HISPANIC FOUNDATION.
Totals
- Total revenue
- $5,929,357
- Total expenses
- $4,950,925
- Contributions and grants received
- $5,690,274
- Grants paid
- $2,174,539
- Program service revenue
- $0
- Investment income
- $261,968
- Other revenue
- -$22,885
- Total assets, end of year
- $13,031,058
- Total liabilities, end of year
- $4,027,713
- Net assets or fund balances, end of year
- $9,003,345
- Program services expenses (Part IX)
- $4,377,474
- Management and general expenses
- $402,707
- Fundraising expenses
- $170,744
- Program service expenses (Part III)
- $4,377,474
Program services were 88.4% 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.
-
1b · Membership dues
$55,139
-
1c · Fundraising events
$5,000
-
1e · Government grants (contributions)
$3,256,196
-
1f · All other contributions, gifts and grants
$2,373,939
-
3 · Investment income
total $261,968 · related or exempt $261,968
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $90,152
-
6b · Less rental expenses
real property $227,573
-
6c · Rental income or loss
real property -$137,421
-
6d · Net rental income or loss
total -$137,421 · related or exempt -$137,421
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$517,557
-
8a · Fundraising events: contributions included on line 1c
$5,000
-
8b · Fundraising events: direct expenses
$403,021
-
8c · Net income from fundraising events
total $114,536
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,693,386 · program services $1,693,386
-
2 · Grants to domestic individuals
total $458,653 · program services $458,653
-
3 · Grants to foreign organizations and individuals
total $22,500 · program services $22,500
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $406,400 · program services $231,040 · management and general $64,160 · fundraising $111,200
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $887,794 · program services $862,225 · management and general $20,670 · fundraising $4,899
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $8,601 · program services $7,266 · management and general $564 · fundraising $771
-
10 · Payroll taxes
total $101,332 · program services $85,600 · management and general $6,642 · fundraising $9,090
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $0
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $277,953 · program services $163,429 · management and general $113,291 · fundraising $1,233
-
12 · Advertising and promotion
total $23,072 · program services $13,160 · management and general $9,912
-
13 · Office expenses
total $0
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $56,338 · program services $29,618 · management and general $4,565 · fundraising $22,155
-
17 · Travel
total $82,585 · program services $79,993 · management and general $2,592
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $65,274 · program services $60,265 · management and general $5,009
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $27,560 · program services $24,052 · management and general $3,508
-
23 · Insurance
total $136,893 · program services $100,967 · management and general $26,980 · fundraising $8,946
-
24a · Other expenses: Contract Labor
total $179,134 · program services $161,544 · management and general $15,230 · fundraising $2,360
-
24b · Other expenses: Loan Loss Provision
total $148,350 · program services $148,350
-
24c · Other expenses: Board and Development Expense
total $93,419 · program services $32,162 · management and general $61,257
-
24d · Other expenses: Scholarship and Sponsorships
total $86,682 · program services $44,200 · management and general $42,482
-
24e · All other expenses
total $194,999 · program services $159,064 · management and general $25,845 · fundraising $10,090
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $871,911 · end of year $970,042
-
2 · Savings and temporary cash investments
beginning of year $5,385,057 · end of year $6,655,153
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $267,337 · end of year $714,531
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $2,034,103 · end of year $1,883,312
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$4,039,607
-
10b · Land, buildings and equipment: accumulated depreciation
$1,296,713
-
10c · Land, buildings and equipment, net
beginning of year $2,852,139 · end of year $2,742,894
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
beginning of year $11,319 · end of year $9,038
-
15 · Other assets
beginning of year $65,611 · end of year $56,088
-
17 · Accounts payable and accrued expenses
beginning of year $171,615 · end of year $333,418
-
19 · Deferred revenue
beginning of year $335,490 · end of year $266,722
-
23 · Secured mortgages and notes payable
beginning of year $2,435,533 · end of year $2,412,808
-
24 · Unsecured notes and loans payable
beginning of year $500,000 · end of year $1,000,000
-
25 · Other liabilities
beginning of year $19,926 · end of year $14,765
-
27 · Net assets without donor restrictions
beginning of year $5,675,233 · end of year $5,607,887
-
28 · Net assets with donor restrictions
beginning of year $2,349,680 · end of year $3,395,458
Mission and programs · 2024
Mission
To promote education and self-sufficiency through economic development that strengthens our community.
-
Confia Programs: The Fresno Area Hispanic Foundation held various activities to enhance and improve the community as a whole through networking, education, awareness and providing a source for the community to support activities and programs that promote, benefit and foster the Hispanic business community and the community as a whole in Fresno, CA and the surrounding areas.
Expenses $3,877,271 · Grants $2,174,539
-
Consumer Loan Program: As a Community Development Financial Institution ("CDFI"), the Organization invests in the prosperity and well-being of the community by offering affordable consumer loans. This loan program is designed to provide financial assistance to those who lack access to traditional financing sources, while also presenting opportunities to improve their personal finances. This program is dedicated to empowering individuals in the Fresno area and the surrounding Central Valley rural communities.
Expenses $500,203 · Revenue $580,288
As filed on the 2024 return.
Listed in Part VII
-
Dora Westerlund
President & CEO
- Total calculated
- $235,200
- From this org
- $235,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $200,000
- Bonus
- $25,000
- Other
- $10,200
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $235,200
-
Yerania Olivares
COO
- Total calculated
- $171,200
- From this org
- $171,200
- From related orgs
- $0
- Other
- $0
- Hours/week
- 50
Schedule J breakdown matched by us
- Base
- $150,350
- Bonus
- $17,000
- Other
- $3,850
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $171,200
-
Ricardo Flores
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roberto Perez
Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline Rios
Director
- Total calculated
- $0
- Hours/week
- 1
-
Sandra Vicente
Director
- Total calculated
- $0
- Hours/week
- 1
-
Gaston Cignetti
Director
- Total calculated
- $0
- Hours/week
- 1
-
Raquel Rodriguez
Director
- Total calculated
- $0
- Hours/week
- 1
-
Antonio Valtierra
Director
- Total calculated
- $0
- Hours/week
- 1
-
Victor Olivares
Vice-Chair
- Total calculated
- $0
- Hours/week
- 1
-
Gerardo Hernandez
Chairman
- Total calculated
- $0
- Hours/week
- 1
-
Porfirio Rios
Director
- Total calculated
- $0
- Hours/week
- 1
-
Jacqueline Lyday
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ashley Abenjoja-Bocek
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roy Salazar
Director
- Total calculated
- $0
- Hours/week
- 1
-
Ed Dunkel
Director
- Total calculated
- $0
- Hours/week
- 1
-
Edgar Perez
Director
- 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. 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 · 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
-
Regulator Properties
$76,295
Facade #2 Grant
-
Cucas Mexican Restaurant
$25,000
ARPA Facade Program
-
Helen J Cooley dba Chicken Kn
$25,000
ARPA Facade Program
-
Bajas Auto Sales
$24,993
ARPA Facade Program
-
Express Smog
$24,943
ARPA Facade Program
-
La Enchilada Mexican Food
$24,456
ARPA Facade Program
-
Pro Check Auto Care
$24,252
ARPA Facade Program
-
J&M Anaya
$18,715
ARPA Facade Program
-
Roger Rockas Dinner Theater
$12,500
Facade #2 Grant
-
Speakeasy Public House
$12,500
Facade #2 Grant
The 10 largest by cash amount. The API serves every itemized grant.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543219349322459
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