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Nonprofiteer
← WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION

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 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 Baker

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Brad Laackman

    BOARD VICE-C

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Tessa Keena

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Maria Curtis

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Ismael Abreu

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Raul Alvarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Luis Avila

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Matt Becker

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Juan Carlos Hernandez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Natalia Kovicak

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Isabel Medellin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1 + 1 related
  • Caryn 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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202543219349315684

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