Form 990 for tax year 2023
Filed by ARIZONA HISPANIC CHAMBER OF COMMERCE FOUNDATION CORPORATION.
Totals
- Total revenue
- $2,072,139
- Total expenses
- $1,927,846
- Contributions and grants received
- $2,016,463
- Grants paid
- $127,037
- Program service revenue
- $0
- Investment income
- $59,018
- Other revenue
- -$3,342
- Total assets, end of year
- $1,970,882
- Total liabilities, end of year
- $1,039,479
- Net assets or fund balances, end of year
- $931,403
- Program services expenses (Part IX)
- $1,893,346
- Management and general expenses
- $0
- Fundraising expenses
- $34,500
- Program service expenses (Part III)
- $1,893,346
Program services were 98.2% 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
$15,000
-
1d · Related organizations
$95,839
-
1e · Government grants (contributions)
$1,163,420
-
1f · All other contributions, gifts and grants
$742,204
-
3 · Investment income
total $59,018 · excluded $59,018
-
8a · Fundraising events: gross income
$41,995
-
8a · Fundraising events: contributions included on line 1c
$15,000
-
8b · Fundraising events: direct expenses
$45,337
-
8c · Net income from fundraising events
total -$3,342 · excluded -$3,342
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $127,037 · program services $127,037
-
7 · Other salaries and wages
total $935,261 · program services $935,261
-
9 · Other employee benefits
total $46,926 · program services $46,926
-
10 · Payroll taxes
total $51,485 · program services $51,485
-
11a · Fees: management
total $5,734 · program services $5,734
-
11c · Fees: accounting
total $11,125 · program services $11,125
-
11e · Fees: professional fundraising services
total $34,500 · fundraising $34,500
-
11g · Fees: other
total $503,794 · program services $503,794
-
12 · Advertising and promotion
total $18,948 · program services $18,948
-
13 · Office expenses
total $63,240 · program services $63,240
-
14 · Information technology
total $16,816 · program services $16,816
-
16 · Occupancy
total $13,900 · program services $13,900
-
17 · Travel
total $64,924 · program services $64,924
-
19 · Conferences, conventions and meetings
total $11,652 · program services $11,652
-
23 · Insurance
total $1,767 · program services $1,767
-
24a · Other expenses: LICENSES AND PERMITS
total $19,876 · program services $19,876
-
24b · Other expenses: PROGRAM EXPENSES
total $861 · program services $861
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,546,586 · end of year $584,762
-
2 · Savings and temporary cash investments
beginning of year $27,743 · end of year $1,043,998
-
4 · Accounts receivable
beginning of year $212,940 · end of year $165,090
-
9 · Prepaid expenses and deferred charges
end of year $7,039
-
15 · Other assets
beginning of year $117,770 · end of year $169,993
-
17 · Accounts payable and accrued expenses
beginning of year $358,011 · end of year $585,934
-
19 · Deferred revenue
beginning of year $759,918 · end of year $453,545
-
27 · Net assets without donor restrictions
beginning of year $569,340 · end of year $661,410
-
28 · Net assets with donor restrictions
beginning of year $217,770 · end of year $269,993
Mission and programs · 2023
Mission
PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO SUPPORT STATEWIDE ECONOMIC AND BUSINESS DEVELOPMENT EFFORTS.
-
THE FOUNDATION'S MISSION IS TO PROMOTE THE GOALS OF HISPANIC AND MINORITY-OWNED BUSINESSES BY ENGAGING ARIZONA HISPANIC CHAMBER OF COMMERCE MEMBERS, SUPPORTERS, AND COMMUNITY PARTNERS IN PHILANTHROPIC AND COMMUNITY-BASED ACTIVITIES THAT PROMOTE STATEWIDE ECONOMIC DEVELOPMENT, EDUCATIONAL ACHIEVEMENT, CIVIL ENGAGEMENT AND THE SHARING OF KNOWLEDGE AND MARKET INTELLIGENCE THAT BENEFITS THE GROWTH AND SUCCESS OF THE CHAMBER'S MEMBERS, ARIZONA AND THE STATE'S GROWING LATINO COMMUNITY. THE BUSINESS FOR ECONOMIC DIVERSITY AND EXCELLENCE, THE "CENTER" IS A PROGRAM UNDER THE FOUNDATION WHICH SERVES AS A VISIBLE AND ACCESSIBLE PLACE OF LEARNING AND EMPOWERMENT - A UNIFIED AND CREDITABLE VOICE REPRESENTING SMALL BUSINESS OWNERS AND THE GREATER HISPANIC COMMUNITY. THE CENTER IS SUPPORTED THROUGH A COMBINATION OF FEDERAL FUNDS, LOCAL GOVERNMENT SUPPORT, CORPORATE INVESTMENT, AND PHILANTHROPIC CONTRIBUTIONS.
Expenses $1,893,346 · Grants $127,037
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
MONICA VILLALOBOS
PRESIDENT/CEO
- Total calculated
- $220,960
- From this org
- $0
- From related orgs
- $202,660
- Other
- $18,300
- Hours/week
- 5 + 35 related
Schedule J breakdown matched by us
- Base
- $0 + $202,660 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $6,300 related
- Nontaxable benefits
- $0 + $12,000 related
- Filer's total
- $0 + $220,960 related
-
JOHN RAMIREZ
CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LORENA VALENCIA
CO-VICE CHAIR - EXTERNAL A
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
TOMAS LEON
CHAIR - AZHCC FOUNDATION
- Total calculated
- $0
- Hours/week
- 1 + 0.5 related
-
TANYA M MUNIZ
TREASURER
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
TABATHA LAVOIE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JAVIER FELICIANO
HR COUNSEL
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LEONARDO LOO
LEGAL COUNSEL
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ARMANDO A ROMAN
FINANCE COUNSEL
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ANNETTE MUSA
IMMEDIATE PAST CHAIR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LISA URIAS
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
TONY ASTORGA
CHAIR EMERITUS
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
RUBEN ALONZO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JULIE ANN ALVARADO-DUBEK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
OMAR ALVAREZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
GREGORY L BYRD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
CHRIS CAMACHO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
CARLOS CASTILLO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MARIA R CHAVIRA PHD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
WASHINGTON COVENA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ALEXIS ESPINOSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
IVAN O GARCIA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
BONSAL GLASCOCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ASHLEY V KELLY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
STEPHANIE LOPEZ-GILLMORE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
STEVEN J LOPEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
STEVE MACIAS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JUAN PABLO MARQUEZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MELISSA MCDONALD
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
DANIEL R ORTEGA JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ISRAEL ORTIZ
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ANDREW C PACHECO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MARIO PANIAGUA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MICHELLE RUTTLE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
JOHN SIZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
TINA MARIE TENTORI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MAYRA URIBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
LORENA C VAN ASSCHE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
MARIAN ZAPATA-ROSSA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5 + 1 related
-
ALIKA KUMAR
EXECUTIVE DIRECTOR OF MBDA
- Total calculated
- $121,563
- From this org
- $0
- From related orgs
- $110,947
- Other
- $10,616
- Hours/week
- 40
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
None.
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
The filer's explanations (Part III)
- PART I LINE 3
- THE RELATED ORGANIZATION ESTABLISHES THE PRESIDENT/CEO'S COMPENSATION THROUGH A COMPENSATION STUDY OR SURVEY.
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.
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.
-
ARIZONA HISPANIC CHAMBER OF COMMERCE INC
501(C)(6) · PROMOTE HIGH BUSINESS STANDARDS AND COMMON INTERESTS OF MEMBERS · AZ
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423029349302012
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.