Form 990 for tax year 2022

Filed by NYC HISPANIC CHAMBER OF COMMERCEINC.

Totals

Total revenue: $193,537
Total expenses: $96,637
Contributions and grants received: $69,850
Grants paid: $0
Program service revenue: $41,550
Investment income: $1,229
Other revenue: $80,908
Total assets, end of year: $643,488
Total liabilities, end of year: $14,680
Net assets or fund balances, end of year: $628,808
Program services expenses (Part IX): $87,586
Management and general expenses: $9,051
Fundraising expenses: $0
Program service expenses (Part III): $87,586

Program services were 90.6% 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.

1a · Federated campaigns

$0
1b · Membership dues

$29,900
1c · Fundraising events

$0
1d · Related organizations

$0
1e · Government grants (contributions)

$0
1f · All other contributions, gifts and grants

$39,950
1g · Noncash contributions included above

$0
2f · All other program service revenue

total $41,550 · related or exempt $0 · unrelated business $0 · excluded $41,550
3 · Investment income

total $1,229 · related or exempt $0 · unrelated business $0 · excluded $1,229
4 · Income from investment of tax-exempt bond proceeds

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
5 · Royalties

total $0 · related or exempt $0 · unrelated business $0 · excluded $0
6c · Rental income or loss

real property $0 · personal property $0
7c · Gain or loss

securities $0 · other assets $0
8a · Fundraising events: contributions included on line 1c

$0
11d · All other revenue

total $80,908 · related or exempt $0 · unrelated business $0 · excluded $80,908
11e · Other revenue, total

$80,908

Functional expenses

Part IX, the statement of functional expenses.

5 · Compensation of officers, directors and key employees

total $27,500 · program services $24,750 · management and general $2,750
12 · Advertising and promotion

total $500 · program services $500
13 · Office expenses

total $806 · program services $624 · management and general $182
14 · Information technology

total $12,027 · program services $9,020 · management and general $3,007
19 · Conferences, conventions and meetings

total $816 · program services $816
22 · Depreciation, depletion and amortization

total $2,230 · program services $0 · management and general $2,230
23 · Insurance

total $2,116 · program services $1,270 · management and general $846
24a · Other expenses: Program Expenses

total $48,912 · program services $48,912 · management and general $0 · fundraising $0
24b · Other expenses: Bank and Merchant Fees

total $1,694 · program services $1,694 · management and general $0 · fundraising $0
24c · Other expenses: Bank and Merchant Fees

total $36 · program services $0 · management and general $36 · fundraising $0

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $539,574 · end of year $635,238
9 · Prepaid expenses and deferred charges

beginning of year $854 · end of year $790
10a · Land, buildings and equipment: cost or other basis

$20,638
10b · Land, buildings and equipment: accumulated depreciation

$13,968
10c · Land, buildings and equipment, net

beginning of year $6,000 · end of year $6,670
15 · Other assets

beginning of year $834 · end of year $790
25 · Other liabilities

beginning of year $14,789 · end of year $14,680
27 · Net assets without donor restrictions

beginning of year $532,473 · end of year $628,808
28 · Net assets with donor restrictions

beginning of year $0 · end of year $0

Mission and programs · 2022

Mission

Represent and advocate for Hispanic Businesses in New York as well as support hispanic youth through sponsorship and scholarship awards.

Assist new entrepreneurs, vitalize existing businesses and assure the growth and success of Hispanic businesses and the clients they serve.

Expenses $78,857
Support local not for profit organizations through sponsorship and scholarship funds.

Expenses $8,729

As filed on the 2022 return.

Listed in Part VII

Cindy Estrada

Executive Director

Total calculated

$27,500

From this org

$27,500

From related orgs

$0

Other

$0

Hours/week

25
Ralph Declet

Board Member

Total calculated

$0

Hours/week

2
Francisco Diaz

Board Member Strategic Advisor Community/Govt Affairs

Total calculated

$0

Hours/week

2
Andrea Giraldo

Board Member Small Business Development Chair

Total calculated

$0

Hours/week

4
Eileen Guzzo

Board Member IT Chair

Total calculated

$0

Hours/week

3
Adam Morales

Board Member Director of Community Relations

Total calculated

$0

Hours/week

4
Rochelle Nechin

Head of Finance

Total calculated

$0

Hours/week

2
Greg Tsougranis

Board Member - Real Estate Chair

Total calculated

$0

Hours/week

3
Fred Yaeger

Board Member Public Relations

Total calculated

$0

Hours/week

3
William Feldman

Board Member VP

Total calculated

$0

Hours/week

2
Ruben Lugo

Board Pres

Total calculated

$0

Hours/week

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type: form_990
Tax year: 2022
Filed: 8 November 2023
IRS schema version: 2022v5.0
Source object: 202333199349304183

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