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Nonprofiteer
← GREATER DALLAS HISPANIC CHAMBER OF

Form 990 for tax year 2023

Filed by GREATER DALLAS HISPANIC CHAMBER OF.

Totals

Total revenue
$1,091,152
Total expenses
$1,112,299
Contributions and grants received
$1,091,152
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$181,848
Total liabilities, end of year
$404,569
Net assets or fund balances, end of year
-$222,721
Program services expenses (Part IX)
$0
Management and general expenses
$995,704
Fundraising expenses
$107,324
Program service expenses (Part III)
not reported

Program services were 0.0% 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

    $77,105

  • 1c · Fundraising events

    $284,224

  • 1f · All other contributions, gifts and grants

    $729,823

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $631,989 · management and general $631,989

  • 10 · Payroll taxes

    total $51,262 · management and general $51,262

  • 13 · Office expenses

    total $20,935 · management and general $20,935

  • 17 · Travel

    total $46,775 · management and general $46,775

  • 20 · Interest

    total $4,025 · management and general $4,025

  • 22 · Depreciation, depletion and amortization

    total $9,271

  • 23 · Insurance

    total $58,926 · management and general $58,926

  • 24a · Other expenses: Contract Services

    total $111,210 · management and general $111,210

  • 24b · Other expenses: Event Expenses

    total $107,324 · fundraising $107,324

  • 24c · Other expenses: Utilities

    total $38,042 · management and general $38,042

  • 24d · Other expenses: Payroll Processing Fees

    total $9,950 · management and general $9,950

  • 24e · All other expenses

    total $22,590 · management and general $22,590

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $77,457 · end of year $169,082

  • 4 · Accounts receivable

    beginning of year $14,250 · end of year $11,000

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

    $223,273

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

    $221,507

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $1,766

  • 17 · Accounts payable and accrued expenses

    end of year $2,227

  • 19 · Deferred revenue

    beginning of year $285 · end of year $285

  • 25 · Other liabilities

    beginning of year $292,996 · end of year $402,057

  • 27 · Net assets without donor restrictions

    beginning of year -$313,579 · end of year -$334,726

  • 28 · Net assets with donor restrictions

    beginning of year $112,005 · end of year $112,005

Mission and programs · 2023

Mission

TO GROW AND SUPPORT THE HISPANIC BUSINESS COMMUNITY IN NORTH TEXAS.

  • DALLAS INDEPENDENT SCHOOL DISTRICT PARTNERSHIP - THROUGH THE GDHCC'SPARTNERSHIP WITH THE DALLAS INDEPENDENT SCHOOL DISTRICT (DISD), FUNDINGIS PROVIDED TO MAKE SERVICES AVAILABLE TO M/WBE ENTERPRISES SO THEY CANSUCCESSFULLY COMPETE FOR CONTRACTS WITH THE DISK. THE GDHCC HAS HAD APARTNERSHIP WITH DISD FOR OVER 18 YEARS. JUST LIKE WITH THE BAC AND THEGULF REGION SBTRC, THE GDHCC SUCCESSFULLY OPERATES AND EXCEEDSPREFORMANCE REQUIREMENTS. THAT IS WHY IT CONTINUES TO SECURE FUNDINGTHROUGH A COMPETITIVE PROCESS. THE PARTNERSHIP REQUIRES THAT GDHCCSERVE AS A LIAISON TO THE HISPANIC BUSINESS COMMUNITY FOR VENDORENGAGEMENT WITH DISD, DISSEMINATE COMMUNICATIONS TO GDHCC MEMBERSREGARDING UPCOMING PROCUREMENT OPPORTUNITIES AND COLLABORATE WITH THEDISD'S OTHER M/WBE PARTNERS TO PROVIDE SUPPORT IN THEIR ANNUAL

  • GREATER DALLAS HISPANIC CHAMBER OF COMMERCE'S US DEPARTMENT OFTRANSPORTATION (DOT) PROGRAM STRIVES TO INCREASE UTILIZATION OF SMALL,DISADVANTAGED AND/OR MINORITY-OWNED BUSINESSES IN ITS PROCUREMENT ANDCONTRACTING PROCESSES. THE GULF REGION SMALL BUSINESS TRANSPORTATIONRESOUCE CENTER (SBTRC) IS ONE OF ELEVEN REGIONAL FIELD OFFICES OF THEUS DEPARTMET OF TRANSPORTATION'S OFFICE OF SMALL AND DISADVANTAGEDBUSINESS UTILIZATION (OSDBU). THE GULF REGIONS SBTRC PROVIDES SERVICESTO SMALL BUSINESSES IN THE STATES OF TEXAS, LOUISIANA, OKLAHOMA, ANDNEW MEXICO.

  • THE GDHCC COVID-19 SMALL BUSINESS SUPPORT PROGRAM IS A COVID 19INITIATIVE DESIGNED TO HELP AND SUPPORT SMALL MINORITY AND WOMAN OWNEDBUSINESS VIA TECHNICAL ASSISTANCE, EDUCATION AND TRAINING, TO ENHANCEBUSINESS OPERATIONS AND BUSINESS OPPORTUNITIES, AS WELL AS CONNECT TOEXISTING GDHCC AND PARTNER RESOURCES ASSOCIATED WITH THE ONGOINGCOVID-19 RECOVERY AND RELIEF EFFORTS.

As filed on the 2023 return.

Listed in Part VII

  • EDGAR SOTELO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • BEATRICE ALBA MARTINEZ

    CHAIRMAN OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • FELIX VARGAS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • MICHAEL J DE LA CRUZ

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • JASMIT DHALIWAL

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • JOE FRESQUEZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • CHERYL RICHARDS

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • FERNANDO ANDRADE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • FERNANDO VARELA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • OLGA LOPEZ

    VICE CHAIR OF THE BOARD

    Total calculated
    $0
    Hours/week
    1

  • SUZANNE CRUZ SEWELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • NANCY GALVAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • PATTY ARELLANO-TOLOTTA

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.75

  • RICARDO ORTIZ

    PRESIDENT

    Total calculated
    $175,306
    From this org
    $175,306
    From related orgs
    $0
    Other
    $0
    Hours/week
    1

    Schedule J breakdown matched by us

    Base
    $175,306
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $175,306

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 · 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

The filer's explanations (Part III)

Part I, Line 3
THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE BOARD OF MEMBERS WITH A WRITTEN EMPLOYMENT CONTRACT.

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202433139349304308

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