Skip to content
Nonprofiteer
← ILLINOIS HISPANIC CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2023

Filed by ILLINOIS HISPANIC CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$182,200
Total expenses
$231,630
Contributions and grants received
$182,200
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$125,094
Total liabilities, end of year
$11,500
Net assets or fund balances, end of year
$113,594
Program services expenses (Part IX)
$180,000
Management and general expenses
$51,630
Fundraising expenses
$0
Program service expenses (Part III)
$180,000

Program services were 77.7% 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.

  • 1f · All other contributions, gifts and grants

    $182,200

Functional expenses

Part IX, the statement of functional expenses.

  • 11g · Fees: other

    total $231,630 · program services $180,000 · management and general $51,630

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $62,024 · end of year $24,094

  • 7 · Other notes and loans receivable

    beginning of year $101,000 · end of year $101,000

  • 17 · Accounts payable and accrued expenses

    end of year $11,500

  • 27 · Net assets without donor restrictions

    beginning of year $163,024 · end of year $113,594

Mission and programs · 2023

Mission

DEVELOP AND PROVIDE BUSINESS, ECONOMIC DEVELOPMENT AND EDUCATIONAL PROGRAMS TO ENTREPRENEURS.

  • THE ILLINOIS HISPANIC CHAMBER OF COMMERCE FOUNDATION THROUGH THE CENTER FOR HISPANIC ENTREPRENEURSHIP, PROVIDES BUSINESS ECONOMIC DEVELOPMENT, AND EDUCATIONAL PROGRAMS THAT ENHANCE BUSINESS PRACTICES AND INCREASE THE SUCCESS OF SMALL BUSINESS OWNERS, WITH A FOCUS ON HISPANIC ENTRPRENEURS. THE GOAL OF THESE ACTIVITIES IS TO PROVIDE OPPORTUNITIES TO HISTORICALLY MARGINALIZED AND LOW AND MODERATE INCOME COMMUNITIES TO CREATE BETTER ECONOMIC OUTCOMES THROUGH BUSINESS OWNERSHIP.

    Expenses $180,000

  • THE ILLINOIS HISPANIC CHAMBER OF COMMERCE FOUNDATION THROUGH THE CENTER FOR HISPANIC ENTREPRENEURSHIP, PROVIDES BUSINESS ECONOMIC DEVELOPMENT, AND EDUCATIONAL PROGRAMS THAT ENHANCE BUSINESS PRACTICES AND INCREASE THE SUCCESS OF SMALL BUSINESS OWNERS, WITH A FOCUS ON HISPANIC ENTRPRENEURS. THE GOAL OF THESE ACTIVITIES IS TO PROVIDE OPPORTUNITIES TO HISTORICALLY MARGINALIZED AND LOW AND MODERATE INCOME COMMUNITIES TO CREATE BETTER ECONOMIC OUTCOMES THROUGH BUSINESS OWNERSHIP.

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

Listed in Part VII

  • Guillermo Garcia

    TREAS

    Total calculated
    $0

  • John Trotta

    BOARD DIRECT

    Total calculated
    $0

  • Arabel Alva Rosales

    PRESIDENT &

    Total calculated
    $0

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.

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
2023v5.0
Source object
202403199349305405

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.