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Nonprofiteer
← ALBUQUERQUE HISPANO CHAMBER OF COMMERCE FOUNDATION

Form 990 for tax year 2022

Filed by ALBUQUERQUE HISPANO CHAMBER OF COMMERCE FOUNDATION.

Totals

Total revenue
$403,768
Total expenses
$376,112
Contributions and grants received
$388,335
Grants paid
$387,050
Program service revenue
$0
Investment income
$934
Other revenue
$14,499
Total assets, end of year
$774,803
Total liabilities, end of year
$219,007
Net assets or fund balances, end of year
$555,796
Program services expenses (Part IX)
$387,050
Management and general expenses
-$10,938
Fundraising expenses
$0
Program service expenses (Part III)
$387,050

Program services were 102.9% 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

    $53,372

  • 1e · Government grants (contributions)

    $243,280

  • 1f · All other contributions, gifts and grants

    $91,683

  • 1g · Noncash contributions included above

    $21,110

  • 3 · Investment income

    total $934 · excluded $934

  • 8a · Fundraising events: gross income

    $32,915

  • 8a · Fundraising events: contributions included on line 1c

    $53,372

  • 8b · Fundraising events: direct expenses

    $18,416

  • 8c · Net income from fundraising events

    total $14,499 · excluded $14,499

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $299,300 · program services $299,300

  • 2 · Grants to domestic individuals

    total $87,750 · program services $87,750

  • 12 · Advertising and promotion

    total $4,194 · management and general $4,194

  • 13 · Office expenses

    total $15,232 · management and general $15,232

  • 17 · Travel

    total $120 · management and general $120

  • 22 · Depreciation, depletion and amortization

    total $18,383 · management and general $18,383

  • 24a · Other expenses: CONTRACT SERVICES

    total -$70,644 · management and general -$70,644

  • 24b · Other expenses: IN-KINDS USED

    total $18,323 · management and general $18,323

  • 24e · All other expenses

    total $3,454 · management and general $3,454

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $284,872 · end of year $303,465

  • 4 · Accounts receivable

    beginning of year $98,469 · end of year $20,875

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

    $169,111

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

    $35,645

  • 10c · Land, buildings and equipment, net

    beginning of year $103,074 · end of year $133,466

  • 15 · Other assets

    beginning of year $363,163 · end of year $316,997

  • 17 · Accounts payable and accrued expenses

    beginning of year $260,318 · end of year $161,176

  • 19 · Deferred revenue

    beginning of year $63,765 · end of year $57,831

  • 27 · Net assets without donor restrictions

    beginning of year $191,707 · end of year $281,547

  • 28 · Net assets with donor restrictions

    beginning of year $333,788 · end of year $274,249

Mission and programs · 2022

Mission

THE HISPANO CHAMBER OF COMMERCE FOUNDATION IS ORGANIZED EXCLUSIVELY FOR CHARITABLE AND EDUCATIONAL PURPOSES WHICH SUPPORT, BENEFIT OR CARRY OUT THE PURPOSES OF THE ALBUQUERQUE HISPANO CHAMBER OF COMMERCE.

  • HERENCIA FOUNDERS CLUB PROGRAM DESIGNED TO PROVIDE FUNDS FOR EXPANSION OF THE BARELAS ECONOMIC OPPORTUNITY CENTER.

    Expenses $299,300 · Grants $299,300

  • EDUCATION EXCELLENCE OFFERING SCHOLARSHIPS TO LOCAL STUDENTS TO SUPPORT THE NEXT GENERATION OF BUSINESS LEADERS THROUGH PARTNERSHIPS WITH LOCAL BUSINESSES AND CORPORATE OPPORTUNITIES.

    Expenses $87,750 · Grants $87,750

As filed on the 2022 return.

Listed in Part VII

  • Ernest Cde Baca

    PRESIDENT CEO

    Total calculated
    $175,308
    From this org
    $0
    From related orgs
    $175,308
    Other
    $0
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $175,308 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    not reported + $175,308 related

  • Connie L Lee

    CHIEF FINANCIAL OFFICER

    Total calculated
    $105,551
    From this org
    $0
    From related orgs
    $105,551
    Other
    $0
    Hours/week
    2 + 40 related

  • Brian Chavez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Casey Anglada Deraad

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Jp Espinoza

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Frank Garcia

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Phil Casaus

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Joe Trimble

    CHAIR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Robert Dzur

    SECRETARY

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Erin Gandara

    TREASURER

    Total calculated
    $0
    Hours/week
    2 + 2 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

None.

Answered no

  • 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
2022
Filed
9 May 2024
IRS schema version
2022v5.0
Source object
202421309349305007

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