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Nonprofiteer
← WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION INC

Form 990 for tax year 2022

Filed by WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION INC.

Totals

Total revenue
$2,723,281
Total expenses
$2,408,102
Contributions and grants received
$35,632
Grants paid
$84,194
Program service revenue
$2,662,509
Investment income
$31,122
Other revenue
-$5,982
Total assets, end of year
$3,082,042
Total liabilities, end of year
$76,162
Net assets or fund balances, end of year
$3,005,880
Program services expenses (Part IX)
$2,031,340
Management and general expenses
$376,762
Fundraising expenses
$0
Program service expenses (Part III)
$2,031,340

Program services were 84.4% 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

    $30

  • 1f · All other contributions, gifts and grants

    $35,602

  • 2a · Program service revenue: MEXICAN FIESTA

    total $2,545,413 · related or exempt $2,545,413

  • 2b · Program service revenue: SPECIAL CULTURAL ACTIVITIES

    total $117,096 · related or exempt $117,096

  • 3 · Investment income

    total $31,122 · excluded $31,122

  • 6a · Gross rents

    real property $114,598

  • 6b · Less rental expenses

    real property $157,048

  • 6c · Rental income or loss

    real property -$42,450

  • 6d · Net rental income or loss

    total -$42,450 · unrelated business -$42,450

  • 8a · Fundraising events: gross income

    $58,165

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

    $30

  • 8b · Fundraising events: direct expenses

    $47,091

  • 8c · Net income from fundraising events

    total $11,074

  • 10a · Gross sales of inventory

    $70,761

  • 10b · Cost of goods sold

    $56,952

  • 10c · Net income from sales of inventory

    total $13,809 · unrelated business $13,809

  • 11a · Other revenue: OTHER INCOME

    total $11,585 · excluded $11,585

  • 11e · Other revenue, total

    $11,585

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $84,194 · program services $84,194

  • 7 · Other salaries and wages

    total $202,974 · program services $170,925 · management and general $32,049

  • 10 · Payroll taxes

    total $31,482 · program services $26,511 · management and general $4,971

  • 11g · Fees: other

    total $951,796 · program services $950,614 · management and general $1,182

  • 12 · Advertising and promotion

    total $89,016 · program services $89,016

  • 13 · Office expenses

    total $27,538 · program services $3,721 · management and general $23,817

  • 16 · Occupancy

    total $135,465 · program services $95,702 · management and general $39,763

  • 17 · Travel

    total $127 · management and general $127

  • 22 · Depreciation, depletion and amortization

    total $21,547 · management and general $21,547

  • 23 · Insurance

    total $30,667 · management and general $30,667

  • 24a · Other expenses: BEVERAGES

    total $303,372 · program services $303,372

  • 24b · Other expenses: TAXES AND LICENSES

    total $111,491 · program services $4,870 · management and general $106,621

  • 24c · Other expenses: SECURITY

    total $97,617 · program services $97,617

  • 24d · Other expenses: BANK SERVICE CHARGE

    total $90,568 · program services $2,500 · management and general $88,068

  • 24e · All other expenses

    total $230,248 · program services $202,298 · management and general $27,950

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,747,524 · end of year $1,930,236

  • 4 · Accounts receivable

    beginning of year $52,670 · end of year $101,089

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

    $1,506,096

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

    $455,379

  • 10c · Land, buildings and equipment, net

    beginning of year $1,096,257 · end of year $1,050,717

  • 17 · Accounts payable and accrued expenses

    beginning of year $139,019 · end of year $35,065

  • 25 · Other liabilities

    beginning of year $61,999 · end of year $41,097

  • 27 · Net assets without donor restrictions

    beginning of year $2,695,433 · end of year $3,005,880

Mission and programs · 2022

Mission

OUR MISSION PROVIDES A CULTURAL AND EDUCATIONAL ENVIRONMENT TO ENHANCE AND IMPROVE ACADEMIC SUCCESS OF THE HISPANIC COMMUNITY WHILE PROMOTING A BETTER UNDERSTANDING OF THE ARTS, HISTORY, LITERATURE AND PERPETUATION OF HISPANIC CULTURE. WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION ASSISTS IN OPENING OPPORTUNITIES FOR ADVANCEMENT IN THE QUALITY OF LIFE AMONG HISPANICS. YEAR-ROUND ACTIVITIES OF THE WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION (WHSF) 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. WHSF STAGES AN ANNUAL THREE DAY FESTIVAL (MEXICAN FIESTA) ON THE LAKEFRONT SUMMERFEST GROUNDS EACH AUGUST, AN EVENT UNDERTAKEN BY THE ORGANIZATION'S ARMY OF 2,000 VOLUNTEERS AND ATTENDED BY AT LEAST 113,000 FESTGOERS. ANCHORING THE GROUNDS, IS THE HUGE CULTURAL VILLAGE WITH ARTISANS, VENDORS, AND EXHIBIT

  • 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 ENVIROMENT OF THE HISPANIC COMMUNITY IN THE METRO MILWAUKEE AREA, AS WELL AS THROUGH THE STATE AND THE COUNTRY. EDUCATION BECOMES A VALUED COMPONENT OF THE ORGANIZATION'S EXISTENCE, SO OUR 3-DAY CULTURAL FESTIVAL ALLOWS US TO PROVIDE A SCHOLARSHIP PROGRAM. SINCE ITS INCEPTION, THE ORGANIZATION HAS AWARDED OVER 1,000,000 IN ACADEMIC SCHOLARSHIPS. 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 $2,031,340 · Grants $84,194 · Revenue $2,346,444

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alexander Ayala

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ernesto Baca

    TREASURER

    Total calculated
    $0
    Hours/week
    5

  • Ray Bacalzo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ruben Burgos

    PRESIDENT

    Total calculated
    $0
    Hours/week
    5

  • Kristela Cervera

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Oscar Cervera

    HONORARY BOA

    Total calculated
    $0
    Hours/week
    5

  • Marina Croft

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ivan Gamboa

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Luis Gonzales

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Antonio Guajardo

    1ST VICE PRE

    Total calculated
    $0
    Hours/week
    5

  • Julio Guix

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Jason Hyland

    HONORARY BOA

    Total calculated
    $0
    Hours/week
    5

  • Lupe Martinez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Angela Montoto

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Diana Moreno

    SECRETARY

    Total calculated
    $0
    Hours/week
    5

  • Tamara Olivas

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Asael Ruiz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

  • Ricardo Ruiz

    2ND VICE PRE

    Total calculated
    $0
    Hours/week
    5

  • Woody Welch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    5

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
2022
Filed
15 November 2023
IRS schema version
2022v5.0
Source object
202303199349303610

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