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Nonprofiteer
← THE MICHIGAN HISPANIC COLLABORATIVE

Form 990 for tax year 2023

Filed by THE MICHIGAN HISPANIC COLLABORATIVE.

Totals

Total revenue
$2,337,243
Total expenses
$1,563,168
Contributions and grants received
$2,297,825
Grants paid
$0
Program service revenue
$0
Investment income
$39,418
Other revenue
$0
Total assets, end of year
$3,259,649
Total liabilities, end of year
$188,834
Net assets or fund balances, end of year
$3,070,815
Program services expenses (Part IX)
$1,208,127
Management and general expenses
$289,547
Fundraising expenses
$65,494
Program service expenses (Part III)
$1,208,127

Program services were 77.3% 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.

  • 1e · Government grants (contributions)

    $1,500,000

  • 1f · All other contributions, gifts and grants

    $797,825

  • 1g · Noncash contributions included above

    $1,669

  • 3 · Investment income

    total $39,418 · excluded $39,418

  • 7a · Gross sales of assets other than inventory

    securities $489,000

  • 7b · Less cost or other basis and sales expenses

    securities $489,000

  • 7c · Gain or loss

    securities $0

  • 7d · Net gain or loss

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $157,205 · program services $128,421 · management and general $28,784

  • 6 · Compensation of disqualified persons

    total $548,454 · program services $448,032 · management and general $100,422

  • 10 · Payroll taxes

    total $51,388 · program services $41,979 · management and general $9,409

  • 11b · Fees: legal

    total $4,681 · management and general $4,681

  • 11c · Fees: accounting

    total $23,536 · management and general $23,536

  • 11d · Fees: lobbying

    total $42,000 · fundraising $42,000

  • 11g · Fees: other

    total $157,838 · program services $119,271 · management and general $38,567

  • 12 · Advertising and promotion

    total $51,611 · management and general $51,611

  • 13 · Office expenses

    total $9,293 · management and general $9,293

  • 14 · Information technology

    total $155,187 · program services $155,187

  • 17 · Travel

    total $2,416 · management and general $2,416

  • 20 · Interest

    total $5,796 · management and general $5,796

  • 22 · Depreciation, depletion and amortization

    total $178,874 · program services $178,874

  • 23 · Insurance

    total $5,547 · management and general $5,547

  • 24a · Other expenses: CIRRICULUM ENCHANCEMENT

    total $97,988 · program services $97,988

  • 24b · Other expenses: GRANT WRITING

    total $23,494 · fundraising $23,494

  • 24c · Other expenses: SCHOLARSHIP, PRIZES, AN

    total $15,169 · program services $15,169

  • 24d · Other expenses: PROGRAM EXPENSES

    total $12,594 · program services $12,594

  • 24e · All other expenses

    total $20,097 · program services $10,612 · management and general $9,485

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,298,818 · end of year $1,434,842

  • 2 · Savings and temporary cash investments

    beginning of year $207 · end of year $2,208

  • 3 · Pledges and grants receivable

    end of year $10,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $96,214 · end of year $1,574

  • 11 · Investments: publicly traded securities

    beginning of year $501,015 · end of year $1,238,919

  • 14 · Intangible assets

    beginning of year $539,016 · end of year $571,606

  • 17 · Accounts payable and accrued expenses

    beginning of year $43,062 · end of year $62,164

  • 24 · Unsecured notes and loans payable

    beginning of year $113,000 · end of year $113,000

  • 25 · Other liabilities

    beginning of year $9,452 · end of year $13,670

  • 27 · Net assets without donor restrictions

    beginning of year $871,756 · end of year $1,372,815

  • 28 · Net assets with donor restrictions

    beginning of year $1,398,000 · end of year $1,698,000

Mission and programs · 2023

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE ACADEMIC AND CAREER SUPPORT PROGRAMS AND SERVICES IN ORDER TO ENABLE MORE HISPANIC STUDENTS TO GRADUATE FROM COLLEGE AND ACHIEVE CAREER SUCCESS.

Activities or mission (Part I)

WE HELP MICHIGAN HISPANIC STUDENTS AND YOUNG PROFESSIONALS NAVIGATE THE COMPLEXITY OF COLLEGE ACCESS THROUGH EARLY CAREER BY PROVIDING SUPPORT, RESOURCES, AND OPPORTUNITIES.

  • TO PROVIDE ACADEMIC AND CAREER SUPPORT PROGRAMS AND SERVICES TO ENABLE HISPANIC STUDENTS TO GRADUATE FROM COLLEGE AND ACHIEVE CAREER SUCCESS.

    Expenses $1,208,127

As filed on the 2023 return.

Listed in Part VII

  • JOANN CHAVEZ

    SECRETARY

    Total calculated
    $0
    Hours/week
    10

  • JAMES WALKER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LAWRENCE GARCIA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • JESUS HERNANDEZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • LUISA SCHUMACHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICK IRWIN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ANITA MARTINEZ

    EXECUTIVE DIRECTOR

    Total calculated
    $157,205
    From this org
    $157,205
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $157,205
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $157,205

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

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
14 November 2024
IRS schema version
2023v5.1
Source object
202423199349307057

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