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Nonprofiteer
← HISPANIC FEDERATION INC

Form 990 for tax year 2024

Filed by HISPANIC FEDERATION INC.

Totals

Total revenue
$61,820,502
Total expenses
$67,187,853
Contributions and grants received
$60,304,796
Grants paid
$32,253,724
Program service revenue
$0
Investment income
$1,258,603
Other revenue
$257,103
Total assets, end of year
$60,581,394
Total liabilities, end of year
$13,265,509
Net assets or fund balances, end of year
$47,315,885
Program services expenses (Part IX)
$60,568,554
Management and general expenses
$4,854,562
Fundraising expenses
$1,764,737
Program service expenses (Part III)
$60,568,554

Program services were 90.1% 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

    $3,175,904

  • 1e · Government grants (contributions)

    $39,927,126

  • 1f · All other contributions, gifts and grants

    $17,201,766

  • 3 · Investment income

    total $776,046 · excluded $776,046

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0

  • 5 · Royalties

    total $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0

  • 7a · Gross sales of assets other than inventory

    securities $4,319,167

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

    securities $3,836,610

  • 7c · Gain or loss

    securities $482,557

  • 7d · Net gain or loss

    total $482,557 · excluded $482,557

  • 8a · Fundraising events: gross income

    $323,855

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

    $3,175,904

  • 8b · Fundraising events: direct expenses

    $323,855

  • 9a · Gaming: gross income

    $0

  • 9b · Gaming: direct expenses

    $0

  • 9c · Net income from gaming

    total $0

  • 10a · Gross sales of inventory

    $0

  • 10b · Cost of goods sold

    $0

  • 10c · Net income from sales of inventory

    total $0

  • 11a · Other revenue: OTHER INCOME

    total $257,103 · excluded $257,103

  • 11e · Other revenue, total

    $257,103

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $30,824,863 · program services $30,824,863

  • 2 · Grants to domestic individuals

    total $1,428,861 · program services $1,428,861

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $1,114,733 · management and general $710,980 · fundraising $403,753

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $8,545,860 · program services $6,209,295 · management and general $1,911,665 · fundraising $424,900

  • 8 · Pension plan contributions

    total $275,258 · program services $210,740 · management and general $47,774 · fundraising $16,744

  • 9 · Other employee benefits

    total $1,736,162 · program services $1,211,963 · management and general $439,032 · fundraising $85,167

  • 10 · Payroll taxes

    total $804,947 · program services $512,044 · management and general $236,110 · fundraising $56,793

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $95,991 · program services $1,650 · management and general $94,341

  • 11c · Fees: accounting

    total $85,200 · management and general $85,200

  • 11d · Fees: lobbying

    total $113,492 · program services $60,052 · management and general $53,440

  • 11e · Fees: professional fundraising services

    total $0

  • 11f · Fees: investment management

    total $117,454 · management and general $117,454

  • 11g · Fees: other

    total $17,275,161 · program services $16,824,420 · management and general $178,858 · fundraising $271,883

  • 12 · Advertising and promotion

    total $222,344 · program services $205,323 · management and general $16,986 · fundraising $35

  • 13 · Office expenses

    total $325,256 · program services $291,526 · management and general $26,835 · fundraising $6,895

  • 14 · Information technology

    total $246,454 · program services $167,107 · management and general $63,578 · fundraising $15,769

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $419,403 · program services $306,868 · management and general $112,535

  • 17 · Travel

    total $369,429 · program services $318,679 · management and general $18,361 · fundraising $32,389

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $568,338 · program services $412,108 · management and general $142,040 · fundraising $14,190

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $255,308 · program services $73,843 · management and general $178,875 · fundraising $2,590

  • 23 · Insurance

    total $109,433 · program services $3,394 · management and general $106,039

  • 24a · Other expenses: PUBLIC OUTREACH AND PROMOTION

    total $67,550 · program services $40,166 · management and general $2,134 · fundraising $25,250

  • 24b · Other expenses: BAD DEBT EXPENSE

    total $116,076 · program services $16,076 · management and general $100,000

  • 24c · Other expenses: PROGRAM EXPENSES

    total $892,850 · program services $804,324 · management and general $45,693 · fundraising $42,833

  • 24d · Other expenses: ALL OTHER EXPENSES

    total $860,553 · program services $645,252 · management and general $166,632 · fundraising $48,669

  • 24e · All other expenses

    total $316,877 · fundraising $316,877

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,576,397 · end of year $5,714,157

  • 2 · Savings and temporary cash investments

    beginning of year $15,375,122 · end of year $10,170,482

  • 3 · Pledges and grants receivable

    beginning of year $14,860,566 · end of year $20,212,113

  • 4 · Accounts receivable

    beginning of year $0 · end of year $57,780

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 7 · Other notes and loans receivable

    beginning of year $0 · end of year $0

  • 8 · Inventories for sale or use

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $167,164 · end of year $175,271

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

    $7,559,277

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

    $3,756,139

  • 10c · Land, buildings and equipment, net

    beginning of year $4,002,395 · end of year $3,803,138

  • 11 · Investments: publicly traded securities

    beginning of year $17,477,911 · end of year $19,115,972

  • 12 · Investments: other securities

    beginning of year $477,735 · end of year $540,990

  • 13 · Investments: program-related

    beginning of year $0 · end of year $0

  • 14 · Intangible assets

    beginning of year $0 · end of year $0

  • 15 · Other assets

    beginning of year $397,441 · end of year $791,491

  • 17 · Accounts payable and accrued expenses

    beginning of year $932,778 · end of year $1,262,200

  • 18 · Grants payable

    beginning of year $4,770,756 · end of year $8,966,196

  • 19 · Deferred revenue

    beginning of year $74,539 · end of year $0

  • 20 · Tax-exempt bond liabilities

    beginning of year $0 · end of year $0

  • 21 · Escrow or custodial account liability

    beginning of year $0 · end of year $0

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 23 · Secured mortgages and notes payable

    beginning of year $0 · end of year $0

  • 24 · Unsecured notes and loans payable

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $2,536,605 · end of year $3,037,113

  • 27 · Net assets without donor restrictions

    beginning of year $24,652,484 · end of year $26,584,010

  • 28 · Net assets with donor restrictions

    beginning of year $27,367,569 · end of year $20,731,875

Mission and programs · 2024

Mission

A SERVICE-ORIENTED MEMBERSHIP ORGANIZATION OF HEALTH AND HUMAN SERVICE AGENCIES DEDICATED TO ADDRESSING THE NEEDS OF HISPANIC-AMERICANS IN THE U.S.

Activities or mission (Part I)

The mission of the Hispanic Federation is to empower and advance the the Hispanic Community.

  • THE HISPANIC FEDERATION, INC. (ORGANIZATION") WAS INCORPORATED UNDER THE LAWS OF THE STATE OF NEW YORK ON JULY 3, 1990, AS A NOT-FORPROFIT ORGANIZATION. THE ORGANIZATION IS THE NATION'S PREMIER LATINO NONPROFIT MEMBERSHIP ORGANIZATION WITH OFFICES IN NEW YORK, WASHINGTON, D.C., CONNECTICUT, NORTH CAROLINA, FLORIDA, PUERTO RICO, ILLINOIS AND CALIFORNIA. THE ORGANIZATION UPLIFTS LATINO COMMUNITIES AND INSTITUTIONS THROUGH MILLIONS OF HISPANIC CHILDREN, YOUTH, AND FAMILIES LOCALLY AND NATIONALLY THROUGH FOUR ESSENTIAL SERVICE PILLARS: COMMUNITY ASSISTANCE PROGRAMS THAT SUPPORT AND UPLIFT LATINO FAMILIES AND COMMUNITIES WITH DIRECT SOCIAL SERVICES IN THE AREAS OF EDUCATION, IMMIGRATION, HEALTH CARE, ECONOMIC DEVELOPMENT, AND THE ENVIRONMENT. LAST YEAR, THE ORGANIZATION EXPANDED ITS DIGITAL EQUITY OFFERINGS, IMMIGRATION ASSISTANCE, FARM AND FOOD WORKERS RELIEF AID, EDUCATIONAL PROGRAMMING, AND HEALTH PREVENTION WORK TO SERVE A MUCH LARGER NUMBER OF WORKERS, YOUTH, NEW AMERICANS, AND FAMILIES ACROSS ITS GROWING FOOTPRINT IN 42 STATES AND TERRITORIES.

    Expenses $47,487,302 · Grants $24,739,197

  • TECHNICAL ASSISTANCE PROGRAMS DESIGNED TO HELP ITS NETWORK OF LATINO NONPROFIT MEMBER AGENCIES SUPPORT THEIR CORE OPERATIONAL AND INFRASTRUCTURAL NEEDS, INCLUDING BOARD GOVERNANCE, STAFF LEADERSHIP DEVELOPMENT, FUNDRAISING, FINANCIAL MANAGEMENT, STRATEGIC PLANNING, PROGRAM DEVELOPMENT AND OTHER CRITICAL AREAS.

    Expenses $1,676,747 · Grants $366,335

  • ORGANIZATIONAL DEVELOPMENT ASSISTANCE THAT FORTIFIES A NETWORK OF MORE THAN 750 LATINO FRONTLINE GRASSROOTS ORGANIZATIONS WITH EMERGENCY ASSISTANCE, PROGRAMMATIC, AND CAPACITY-BUILDING GRANTS THAT HELP ITS NONPROFIT GRANTEES ADDRESS EMERGING AND GROWING COMMUNITY AND OPERATIONAL NEEDS.

    Expenses $7,535,731 · Grants $6,288,727

  • ADVOCACY SERVICES

    Expenses $3,868,774 · Grants $859,465

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Frankie Miranda

    President

    Total calculated
    $405,336
    From this org
    $359,788
    From related orgs
    $0
    Other
    $45,548
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $319,788
    Bonus
    $40,000
    Other
    $0
    Deferred
    $19,187
    Nontaxable benefits
    $26,361
    Filer's total
    $405,336

  • Brent Wilkes

    SVP for Institutional Dev

    Total calculated
    $241,619
    From this org
    $217,467
    From related orgs
    $0
    Other
    $24,152
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $213,467
    Bonus
    $4,000
    Other
    $0
    Deferred
    $12,808
    Nontaxable benefits
    $11,344
    Filer's total
    $241,619

  • Doris Guzman

    Chief Financial Officer

    Total calculated
    $239,395
    From this org
    $209,990
    From related orgs
    $0
    Other
    $29,405
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $199,990
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,999
    Nontaxable benefits
    $17,406
    Filer's total
    $239,395

  • Jaslyn Jimenez

    Senior VP for Operations

    Total calculated
    $228,383
    From this org
    $193,927
    From related orgs
    $0
    Other
    $34,456
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $183,927
    Bonus
    $10,000
    Other
    $0
    Deferred
    $11,073
    Nontaxable benefits
    $23,383
    Filer's total
    $228,383

  • Jessica Guzman Mejia

    Senior VP Strategy & Impact

    Total calculated
    $206,351
    From this org
    $173,121
    From related orgs
    $0
    Other
    $33,230
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $164,121
    Bonus
    $9,000
    Other
    $0
    Deferred
    $9,847
    Nontaxable benefits
    $23,383
    Filer's total
    $206,351

  • Jessica Guttlein

    Senior VP Policy & Comm

    Total calculated
    $199,285
    From this org
    $166,107
    From related orgs
    $0
    Other
    $33,178
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $157,107
    Bonus
    $9,000
    Other
    $0
    Deferred
    $9,847
    Nontaxable benefits
    $23,331
    Filer's total
    $199,285

  • Stephen Calenzani

    Vice President for Development

    Total calculated
    $178,660
    From this org
    $157,850
    From related orgs
    $0
    Other
    $20,810
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $153,850
    Bonus
    $4,000
    Other
    $0
    Deferred
    $9,375
    Nontaxable benefits
    $11,435
    Filer's total
    $178,660

  • Julietta Lopez

    VP for Federal Advocacy

    Total calculated
    $152,068
    From this org
    $139,560
    From related orgs
    $0
    Other
    $12,508
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $139,560
    Bonus
    $0
    Other
    $0
    Deferred
    $1,967
    Nontaxable benefits
    $10,541
    Filer's total
    $152,068

  • Mario Colon

    VP for Special Initiatives

    Total calculated
    $145,759
    From this org
    $126,784
    From related orgs
    $0
    Other
    $18,975
    Hours/week
    35

  • Marcos Torres

    Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Joan Steinberg

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5

  • Manuel Chinea

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5

  • Hector Mujica

    Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Juan Otero

    Assistant Secretary

    Total calculated
    $0
    Hours/week
    0.5

  • Dean Aguillen

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Joseph R Betancourt

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Miguel Centeno

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Julie Ann Crommett

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Indrani Franchini

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Margaret Lazo

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Tom Montag

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carlos Santiago

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Inez Stewart

    Director

    Total calculated
    $0
    Hours/week
    0.5

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

  • 3 · Compensation committee
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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

The 10 largest by cash amount. The API serves every itemized grant.

Provenance

Return type
form_990
Tax year
2024
Filed
9 June 2025
IRS schema version
2024v5.1
Source object
202541629349301214

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