Form 990 for tax year 2024
Filed by RHODE ISLAND HISPANIC CHAMBER OF COMMERCE.
Totals
- Total revenue
- $1,031,849
- Total expenses
- $925,348
- Contributions and grants received
- $681,087
- Grants paid
- $0
- Program service revenue
- $296,918
- Investment income
- $53,844
- Other revenue
- $0
- Total assets, end of year
- $1,349,727
- Total liabilities, end of year
- $845,108
- Net assets or fund balances, end of year
- $504,619
- Program services expenses (Part IX)
- $366,535
- Management and general expenses
- $362,151
- Fundraising expenses
- $196,662
- Program service expenses (Part III)
- $366,535
Program services were 39.6% 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
$48,182
-
1e · Government grants (contributions)
$49,155
-
1f · All other contributions, gifts and grants
$583,750
-
2a · Program service revenue: PROGRAM SERVICE INCOME
total $296,918 · related or exempt $296,918
-
3 · Investment income
total $53,844 · related or exempt $53,844
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $122,307 · program services $103,961 · management and general $18,346
-
7 · Other salaries and wages
total $250,641 · program services $213,045 · management and general $37,596
-
9 · Other employee benefits
total $1,223 · program services $1,040 · management and general $183
-
10 · Payroll taxes
total $37,475 · program services $31,854 · management and general $5,621
-
11b · Fees: legal
total $56,381 · management and general $56,381
-
11c · Fees: accounting
total $19,377 · management and general $19,377
-
11g · Fees: other
total $2,727 · program services $2,318 · management and general $409
-
12 · Advertising and promotion
total $62,842 · management and general $62,842
-
13 · Office expenses
total $29,909 · management and general $29,909
-
14 · Information technology
total $18,929 · management and general $18,929
-
16 · Occupancy
total $18,850 · management and general $18,850
-
17 · Travel
total $8,545 · program services $8,545
-
22 · Depreciation, depletion and amortization
total $1,268 · program services $1,268
-
23 · Insurance
total $14,874 · management and general $14,874
-
24a · Other expenses: EVENT EXPENSES
total $196,662 · fundraising $196,662
-
24b · Other expenses: LOAN FILING FEES
total $72,319 · management and general $72,319
-
24c · Other expenses: UTILITIES
total $5,470 · management and general $5,470
-
24d · Other expenses: PROGRAM MATERIALS
total $4,504 · program services $4,504
-
24e · All other expenses
total $1,045 · management and general $1,045
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $233,531 · end of year $393,534
-
7 · Other notes and loans receivable
beginning of year $163,057 · end of year $105,931
-
10a · Land, buildings and equipment: cost or other basis
$852,399
-
10b · Land, buildings and equipment: accumulated depreciation
$3,437
-
10c · Land, buildings and equipment, net
beginning of year $492 · end of year $848,962
-
15 · Other assets
beginning of year $1,300 · end of year $1,300
-
23 · Secured mortgages and notes payable
end of year $800,000
-
25 · Other liabilities
end of year $45,108
-
27 · Net assets without donor restrictions
beginning of year $398,380 · end of year $504,619
Mission and programs · 2024
Mission
REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES
-
REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES
Expenses $366,535 · Revenue $296,918
-
RHODE ISLAND FOUNDATION - A GRANT TO SUPPORT THE PAID POSITION OF THE CHIEF EXECUTIVE OFFICER, TO BE THE LEAD AS THE RI HISPANIC CHAMBER OF COMMERCE CONTINUES TO BUILD AND ESTABLISH THE ORGANIZATION, DEDICATED TO HELPING SMALL LATINO BUSINESSES THRIVE AND GROW.
Revenue $681,088
-
REPRESENT, PROMOTE, AND EMPOWER HISPANIC BUSINESSES
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Oscar MejiasOSCAR MEJIAS
EXECUTIVE DI
- Total calculated
- $122,308
- From this org
- $122,308
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Luis TorradoLUIS TORRADO
CHAIRMAN
- Total calculated
- $0
-
Dariel BlancoDARIEL BLANCO
TREASURER
- Total calculated
- $0
-
Elvias SantanaELVIAS SANTANA
SECRETARY
- Total calculated
- $0
-
Christopher CalderonCHRISTOPHER CALDERON
BOARD AT LAR
- Total calculated
- $0
-
Alyssa Giron-PeraltaALYSSA GIRON-PERALTA
BOARD AT LAR
- Total calculated
- $0
-
Carlos VargasCARLOS VARGAS
BOARD AT LAR
- Total calculated
- $0
-
Carol AguasvivasCAROL AGUASVIVAS
VICE CHAIRMA
- Total calculated
- $0
-
Brian VelasquezBRIAN VELASQUEZ
BOARD AT LAR
- Total calculated
- $0
-
Yudelka GuzmanYUDELKA GUZMAN
BOARD AT LAR
- Total calculated
- $0
-
Devon DiazDEVON DIAZ
BOARD AT LAR
- Total calculated
- $0
-
Doris De Los SantosDORIS DE LOS SANTOS
BOARD AT LAR
- Total calculated
- $0
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
- 14 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202523189349310492
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