Form 990 for tax year 2024
Filed by WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION INC.
Totals
- Total revenue
- $3,352,840
- Total expenses
- $2,949,554
- Contributions and grants received
- $47,906
- Grants paid
- $79,650
- Program service revenue
- $3,289,891
- Investment income
- $43,840
- Other revenue
- -$28,797
- Total assets, end of year
- $4,007,004
- Total liabilities, end of year
- $73,774
- Net assets or fund balances, end of year
- $3,933,230
- Program services expenses (Part IX)
- $2,620,183
- Management and general expenses
- $318,435
- Fundraising expenses
- $10,936
- Program service expenses (Part III)
- $2,620,183
Program services were 88.8% 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.
-
1f · All other contributions, gifts and grants
$47,906
-
2a · Program service revenue: CULTURAL ACTIVITY
total $128,838 · related or exempt $128,838
-
2b · Program service revenue: MEXICAN FIESTA
total $3,161,053 · related or exempt $3,161,053
-
3 · Investment income
total $43,840 · excluded $43,840
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6a · Gross rents
real property $101,248
-
6b · Less rental expenses
real property $176,231
-
6c · Rental income or loss
real property -$74,983
-
6d · Net rental income or loss
total -$74,983 · unrelated business -$74,983
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$50,381
-
8b · Fundraising events: direct expenses
$51,770
-
8c · Net income from fundraising events
total -$1,389
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$128,463
-
10b · Cost of goods sold
$80,888
-
10c · Net income from sales of inventory
total $47,575 · unrelated business $47,575
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $79,650 · program services $79,650
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $218,724 · program services $174,979 · management and general $32,809 · fundraising $10,936
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $0
-
10 · Payroll taxes
total $93,833 · program services $79,017 · management and general $14,816
-
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 $1,154,612 · program services $1,154,612
-
12 · Advertising and promotion
total $93,795 · program services $93,795
-
13 · Office expenses
total $32,551 · management and general $32,551
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $49,017 · program services $25,315 · management and general $23,702
-
17 · Travel
total $687 · management and general $687
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $41,006 · management and general $41,006
-
23 · Insurance
total $43,399 · management and general $43,399
-
24a · Other expenses: BEVERAGES
total $348,904 · program services $348,904
-
24b · Other expenses: TAXES & LICENSES
total $175,217 · program services $172,077 · management and general $3,140
-
24c · Other expenses: SECURITY
total $133,321 · program services $126,921 · management and general $6,400
-
24d · Other expenses: EQUIPMENT RENTAL
total $112,556 · program services $112,556
-
24e · All other expenses
total $372,282 · program services $252,357 · management and general $119,925
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,498,999 · end of year $1,538,497
-
2 · Savings and temporary cash investments
end of year $1,349,675
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $95,057 · end of year $58,894
-
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
end of year $0
-
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
$1,644,310
-
10b · Land, buildings and equipment: accumulated depreciation
$584,372
-
10c · Land, buildings and equipment, net
beginning of year $1,085,205 · end of year $1,059,938
-
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
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $48,977 · end of year $40,854
-
25 · Other liabilities
beginning of year $100,340 · end of year $32,920
-
27 · Net assets without donor restrictions
beginning of year $3,529,944 · end of year $3,933,230
Mission and programs · 2024
Mission
SEE SCHEDULE O.
-
THE YEAR-ROUND ACTIVITIES OF THE WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION SERVE AS A VEHICLE BY WHICH TO PROVIDE, ENHANCE AND UNDERSTAND THE CULTURAL, EDUCATIONAL, ARTISTIC, ECONOMIC DEVELOPMENT AND LITERARY ENVIRONMENT OF THE HISPANIC COMMUNITY IN THE METRO MILWAUKEE AREA, AS WELL AS THROUGHOUT THE STATE AND THE COUNTRY. EDUCATION BECOMES A VALUED COMPONENT OF THE ORGANIZATIONS'S EXISTENCE, SO OUR 3-DAY CULTURAL FESTIVAL ALLOWS US TO PROVIDE A SCHOLARSHIP PROGRAM. SINCE ITS INCEPTION, THE ORGANIZATION HAS AWARDED OVER $1.8 MILLION IN SCHOLARSHIPS TO OVER 700 STUDENTS, FRATERNITIES, SORORITIES AND NONPROFITS (COMMUNITY BASED ORGANIZATIONS. THESE SCHOLARSHIPS HAVE ALLOWED ASPIRING HISPANIC STUDENTS TO LIVE THEIR DREAMS OF FURTHERING THEIR EDUCATION. ADDITIONALLY, THE FOUNDATION HOSTS COMMUNITY EVENTS FOR THE BENEFIT OF THE GENERAL PUBLIC AT ITS FLORES HALL FACILITY IN MILWAUKEE.
Expenses $2,620,183 · Grants $79,650 · Revenue $3,289,891
As filed on the 2024 return.
Listed in Part VII
-
Alexander AyalaALEXANDER AYALA
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Ernesto BacaERNESTO BACA
Treasurer
- Total calculated
- $0
- Hours/week
- 5
-
Ray BacalzoRAY BACALZO
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Ruben BurgosRUBEN BURGOS
President
- Total calculated
- $0
- Hours/week
- 5
-
Kristela CerveraKRISTELA CERVERA
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Oscar CerveraOSCAR CERVERA
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Marina CroftMARINA CROFT
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Ivan GamboaIVAN GAMBOA
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Luis GonzalesLUIS GONZALES
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Antonio GuajardoANTONIO GUAJARDO
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Julio GuixJULIO GUIX
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Jason HylandJASON HYLAND
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Lupe MartinezLUPE MARTINEZ
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Angela MontotoANGELA MONTOTO
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Diana MorenoDIANA MORENO
Secretary
- Total calculated
- $0
- Hours/week
- 5
-
Tamara OlivasTAMARA OLIVAS
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Asael RuizASAEL RUIZ
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Ricardo RuizRICARDO RUIZ
Vice President
- Total calculated
- $0
- Hours/week
- 5
-
Woody WelchWOODY WELCH
Trustee
- Total calculated
- $0
- Hours/week
- 5
-
Teresa MercadoTERESA MERCADO
Executive Dir.
- Total calculated
- $0
- Hours/week
- 60
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
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349301465
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