Form 990 for tax year 2024
Filed by WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION.
Totals
- Total revenue
- $2,442,301
- Total expenses
- $1,517,922
- Contributions and grants received
- $2,442,301
- Grants paid
- $1,507,975
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $2,187,337
- Total liabilities, end of year
- $906,974
- Net assets or fund balances, end of year
- $1,280,363
- Program services expenses (Part IX)
- $1,509,617
- Management and general expenses
- $8,305
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,509,617
Program services were 99.5% 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.
-
1d · Related organizations
$8,905
-
1f · All other contributions, gifts and grants
$2,433,396
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,507,975 · program services $1,507,975
-
11c · Fees: accounting
total $8,305 · management and general $8,305
-
22 · Depreciation, depletion and amortization
total $1,642 · program services $1,642
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $193,438 · end of year $945,461
-
3 · Pledges and grants receivable
beginning of year $295,755 · end of year $1,241,876
-
10a · Land, buildings and equipment: cost or other basis
$49,272
-
10b · Land, buildings and equipment: accumulated depreciation
$49,272
-
10c · Land, buildings and equipment, net
beginning of year $1,642
-
17 · Accounts payable and accrued expenses
beginning of year $134,851 · end of year $906,974
-
27 · Net assets without donor restrictions
beginning of year $8,189 · end of year $6,847
-
28 · Net assets with donor restrictions
beginning of year $347,795 · end of year $1,273,516
Mission and programs · 2024
Mission
THE FOUNDATION PROMOTES ECONOMIC DEVELOPMENT BY FOSTERING THE NEXT GENERATION OF NEW BUSINESSES AND CREATING RELATED EMPLOYMENT OPPORTUNITIES.
-
THE FOUNDATION SUPPORTS THE WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE AND OTHER ORGANZATIONS WITH SIMILAR MISSIONS, TO INCREASE ECONOMIC ADVANCEMENT OF HISPANIC OWNED BUSINESSES AND TO ASSIST THE PROFESSIONAL GROWTH OF HISPANIC BUSINESS LEADERS IN WEST MICHIGAN. A 2024-2025 CAPITAL CAMPAIGN RESULTED IN 573,500 CONTRIBUTION TO THE CHAMBER TO PURCHASE LAND TO BUILD A HEADQUARTERS. THIS WOULD ALLOW THE CHAMBER TO EXPAND CURRENT PROGRAM OFFERINGS AND SERVICES AND TO SERVE AS A MEETING AND EVENT SPACE FOR BUSINESSES.
Expenses $1,124,617 · Grants $1,122,975
-
TALENT DEVELOPMENT THROUGH EDUCATION EXISTS TO BUILD A PIPLELINE THAT CONNECTS LATINX COLLEGE STUDENTS WITH AREA EMPLOYERS.
Expenses $360,000 · Grants $360,000
-
BUSINESS DEVELOPMENT EXISTS TO REVITALIZE LATINX BUSINESS COMMUNITY THROUGH EDUCATION AND BRINGING TOOLS TO LATINX BUSINESSES.
Expenses $25,000 · Grants $25,000
As filed on the 2024 return.
Listed in Part VII
-
Guillermo CisnerosGUILLERMO CISNEROS
PRESIDENT &
- Total calculated
- $177,887
- From this org
- $0
- From related orgs
- $148,539
- Other
- $29,348
- Hours/week
- 10 + 40 related
Schedule J breakdown matched by us
- Base
- not reported + $148,539 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported + $7,154 related
- Nontaxable benefits
- not reported + $22,194 related
- Filer's total
- not reported + $177,887 related
-
Tony BakerTONY BAKER
BOARD CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Brad LaackmanBRAD LAACKMAN
BOARD VICE-C
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Tessa KeenaTESSA KEENA
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Maria CurtisMARIA CURTIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Ismael AbreuISMAEL ABREU
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Raul AlvarezRAUL ALVAREZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Luis AvilaLUIS AVILA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Matt BeckerMATT BECKER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Juan Carlos HernandezJUAN CARLOS HERNANDEZ
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Natalia KovicakNATALIA KOVICAK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Isabel MedellinISABEL MEDELLIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Caryn ZavalaCARYN ZAVALA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
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 · Compensation committee
- 3 · Form 990 of other organizations
- 3 · Written employment contract
- 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
-
WEST MICH HISPANIC CHAMBER OF COMM
$1,507,975
SEE PART IV STMT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
WEST MICH HISPANIC CHAMBER OF COMM
501C6 · ECON ADV · MI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.0
- Source object
- 202543219349315684
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