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Nonprofiteer
← HISPANIC METROPOLITAN CHAMBER OF COMMERCE

Form 990 for tax year 2023

Filed by HISPANIC METROPOLITAN CHAMBER OF COMMERCE.

Totals

Total revenue
$1,417,696
Total expenses
$1,550,209
Contributions and grants received
$1,356,341
Grants paid
$166,282
Program service revenue
$51,500
Investment income
$2,034
Other revenue
$7,821
Total assets, end of year
$1,274,231
Total liabilities, end of year
$672,774
Net assets or fund balances, end of year
$601,457
Program services expenses (Part IX)
$1,398,450
Management and general expenses
$99,194
Fundraising expenses
$52,565
Program service expenses (Part III)
$1,398,450

Program services were 90.2% 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

    $43,695

  • 1c · Fundraising events

    $61,797

  • 1e · Government grants (contributions)

    $790,800

  • 1f · All other contributions, gifts and grants

    $460,049

  • 1g · Noncash contributions included above

    $5,000

  • 2a · Program service revenue: LEADERSHIP DEVELOPMENT

    total $51,500 · related or exempt $51,500

  • 3 · Investment income

    total $2,034 · excluded $2,034

  • 8a · Fundraising events: gross income

    $122,765

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

    $61,797

  • 8b · Fundraising events: direct expenses

    $134,282

  • 8c · Net income from fundraising events

    total -$11,517 · excluded -$11,517

  • 9a · Gaming: gross income

    $5,340

  • 9b · Gaming: direct expenses

    $5,000

  • 9c · Net income from gaming

    total $340 · excluded $340

  • 11a · Other revenue: OTHER INCOME

    total $18,998 · excluded $18,998

  • 11e · Other revenue, total

    $18,998

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $166,282 · program services $166,282

  • 5 · Compensation of officers, directors and key employees

    total $121,463 · program services $105,673 · management and general $13,361 · fundraising $2,429

  • 7 · Other salaries and wages

    total $595,595 · program services $525,338 · management and general $44,004 · fundraising $26,253

  • 9 · Other employee benefits

    total $71,807 · program services $63,190 · management and general $5,745 · fundraising $2,872

  • 10 · Payroll taxes

    total $70,832 · program services $62,332 · management and general $5,667 · fundraising $2,833

  • 11g · Fees: other

    total $92,822 · program services $82,390 · management and general $6,955 · fundraising $3,477

  • 13 · Office expenses

    total $28,735 · program services $25,286 · management and general $2,300 · fundraising $1,149

  • 14 · Information technology

    total $56,191 · program services $49,448 · management and general $4,495 · fundraising $2,248

  • 16 · Occupancy

    total $101,700 · program services $89,496 · management and general $8,136 · fundraising $4,068

  • 17 · Travel

    total $11,345 · program services $9,983 · management and general $908 · fundraising $454

  • 19 · Conferences, conventions and meetings

    total $4,516 · program services $3,974 · management and general $362 · fundraising $180

  • 23 · Insurance

    total $5,198 · program services $4,574 · management and general $416 · fundraising $208

  • 24a · Other expenses: PROGRAM EXPENSES

    total $135,182 · program services $135,182 · management and general $0 · fundraising $0

  • 24b · Other expenses: MISCELLANEOUS

    total $82,257 · program services $72,387 · management and general $6,580 · fundraising $3,290

  • 24c · Other expenses: LICENSES AND DUES

    total $3,312 · program services $2,915 · management and general $265 · fundraising $132

  • 24d · Other expenses: OTHER EVENTS

    total $2,972 · program services $0 · management and general $0 · fundraising $2,972

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $252,066 · end of year $116,061

  • 2 · Savings and temporary cash investments

    beginning of year $350,442 · end of year $352,366

  • 4 · Accounts receivable

    beginning of year $224,201 · end of year $229,033

  • 9 · Prepaid expenses and deferred charges

    beginning of year $43,547 · end of year $15,407

  • 15 · Other assets

    beginning of year $22,098 · end of year $561,364

  • 17 · Accounts payable and accrued expenses

    beginning of year $79,384 · end of year $49,377

  • 19 · Deferred revenue

    beginning of year $79,000 · end of year $49,430

  • 25 · Other liabilities

    beginning of year $0 · end of year $573,967

  • 27 · Net assets without donor restrictions

    beginning of year $675,680 · end of year $543,167

  • 28 · Net assets with donor restrictions

    beginning of year $58,290 · end of year $58,290

Mission and programs · 2023

Mission

OUR MISSION IS TO LEAD THE ECONOMIC ADVANCEMENT, WEALTH CREATION AND EQUITY FOR LATINOS IN OREGON AND SW WASHINGTON. OUR VISION IS TO CLOSE THE LATINO ECONOMIC EQUITY GAP AND CREATE INTERGENERATIONAL WEALTH.

Activities or mission (Part I)

HMC'S MISSION IS TO LEAD THE ECONOMIC ADVANCEMENT, WEALTH CREATION AND EQUITY FOR LATINOS.

  • SINCE 1996, THE HISPANIC CHAMBER HAS AWARDED ALMOST $3 MILLION IN INDIVIDUALLY AND CORPORATE SPONSORED SCHOLARSHIPS TO LATINO STUDENTS THROUGHOUT OREGON AND SW WASHINGTON. THE PURPOSE OF THE SCHOLARSHIPS IS TO ENCOURAGE AND INSPIRE LATINO STUDENTS TO START OR CONTINUE THEIR HIGHER EDUCATION.

    Expenses $463,855 · Grants $166,282

  • BUSINESS EDUCATION, TECHNICAL ASSISTANCE, AND TRAINING PROVIDES OUTREACH, EDUCATION, AND ONE-ON-ONE SERVICES TO NEW AND EXISTING BUSINESSES IN NUMEROUS AREAS INCLUDING DEVELOPMENT OF ACCOUNTING SYSTEMS, LOAN/BOND PROPOSALS, FINANCING, INSURANCE, MARKETING, TECHNOLOGY, OPERATIONS, AND MANAGEMENT.

    Expenses $675,426

  • LATINO LEADERSHIP CLASS IS A 12-MONTH PROGRAM THAT ENHANCES THE LEADERSHIP AND MANAGEMENT SKILLS OF LATINO LEADERS TO POSITION THEM TO CONTINUE THEIR ADVANCEMENT IN THEIR EMPLOYMENT WHILE ALSO PROMOTING COMMUNITY LEADERSHIP THROUGH VOLUNTEERISM ON PUBLIC BOARDS AND COMMISSIONS.

    Expenses $128,534 · Revenue $51,500

  • THE HISPANIC CHAMBER OFFERS A VARIETY OF OTHER SERVICES IN THE AREAS OF OUTREACH AND ADVOCACY TO THE COMMUNITY IN GENERAL THROUGH NEWSLETTERS, EVENTS, MEMBERSHIP, ITS WEBSITE, AND WORKSHOPS.

    Expenses $130,635

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

Listed in Part VII

  • Gale Castillo

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gabe Gomez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • David Vitela

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Seth Tindall

    GOVERNANCE COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Alan Avila

    SCHOLARSHIP COMMITTEE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John L Jackley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andres Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabriela Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerardo Ochoa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Ragnetti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Marifer Sager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Naomi Chamberlain

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Carmen Castro - Term Date 08182023

    EXECUTIVE DIRECTOR

    Total calculated
    $78,504
    From this org
    $77,962
    From related orgs
    $0
    Other
    $542
    Hours/week
    40

  • Nicole Leon - Start Date 08212023

    EXECUTIVE DIRECTOR

    Total calculated
    $42,960
    From this org
    $42,019
    From related orgs
    $0
    Other
    $941
    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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
15 July 2024
IRS schema version
2023v5.1
Source object
202431979349302858

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