Form 990 for tax year 2023

Totals

Total revenue

$387,399

Total expenses

$532,699

Contributions and grants received

$387,399

Grants paid

$495,000

Program service revenue

$0

Investment income

$0

Other revenue

$0

Total assets, end of year

$490,835

Total liabilities, end of year

$134,850

Net assets or fund balances, end of year

$355,985

Program services expenses (Part IX)

$504,855

Management and general expenses

$27,844

Fundraising expenses

$0

Program service expenses (Part III)

$504,855

Program services were 94.8% 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.

Mission and programs · 2023

• BUSINESS DEVELOPMENT EXISTS TO REVITALIZE LATINX BUSINESS COMMUNITY THROUGH EDUCATION AND BRINGING TOOLS TO LATINX BUSINESSES.

  Expenses $165,000 · Grants $165,000

• TALENT DEVELOPMENT THROUGH EDUCATION EXISTS TO BUILD A PIPLELINE THAT CONNECTS LATINX COLLEGE STUDENTS WITH AREA EMPLOYERS.

  Expenses $295,000 · Grants $295,000

• 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.

  Expenses $44,855 · Grants $35,000

• UNITY FUND GRANTS - UNITY FUND EXISTS TO PROVIDE MATCHING FUNDS FOR SMALL LATINX BUSINESS OWNERS THAT ARE NOT ABLE TO PROVIDE SICK LEAVE FOR ILL EMPLOYESS DURING COVID-19.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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

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

  $495,000

  PROGRAM FUNDING

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

2023

Filed

18 September 2024

IRS schema version

2023v5.0

Source object

202402769349300835

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