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Nonprofiteer
← HISPANIC METROPOLITAN CHAMBER OF COMMERCE

Form 990 for tax year 2024

Filed by HISPANIC METROPOLITAN CHAMBER OF COMMERCE.

Totals

Total revenue
$1,336,940
Total expenses
$1,414,869
Contributions and grants received
$1,259,175
Grants paid
$113,700
Program service revenue
$69,210
Investment income
$8,555
Other revenue
$0
Total assets, end of year
$1,093,397
Total liabilities, end of year
$601,165
Net assets or fund balances, end of year
$492,232
Program services expenses (Part IX)
$1,241,564
Management and general expenses
$125,998
Fundraising expenses
$47,307
Program service expenses (Part III)
$1,241,564

Program services were 87.8% 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.

  • 1b · Membership dues

    $57,150

  • 1c · Fundraising events

    $146,608

  • 1e · Government grants (contributions)

    $733,462

  • 1f · All other contributions, gifts and grants

    $321,955

  • 1g · Noncash contributions included above

    $2,500

  • 2a · Program service revenue: LEADERSHIP DEVELOPMENT

    total $69,210 · related or exempt $69,210

  • 3 · Investment income

    total $8,555 · excluded $8,555

  • 8a · Fundraising events: gross income

    $120,331

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

    $146,608

  • 8b · Fundraising events: direct expenses

    $120,331

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $113,700 · program services $113,700

  • 5 · Compensation of officers, directors and key employees

    total $121,501 · program services $105,706 · management and general $13,365 · fundraising $2,430

  • 7 · Other salaries and wages

    total $594,921 · program services $524,746 · management and general $43,948 · fundraising $26,227

  • 9 · Other employee benefits

    total $73,886 · program services $65,020 · management and general $5,911 · fundraising $2,955

  • 10 · Payroll taxes

    total $78,382 · program services $68,976 · management and general $6,271 · fundraising $3,135

  • 11g · Fees: other

    total $94,942 · program services $83,640 · management and general $7,534 · fundraising $3,768

  • 13 · Office expenses

    total $19,132 · program services $16,836 · management and general $1,531 · fundraising $765

  • 14 · Information technology

    total $37,953 · program services $33,399 · management and general $3,036 · fundraising $1,518

  • 16 · Occupancy

    total $107,571 · program services $94,662 · management and general $8,606 · fundraising $4,303

  • 17 · Travel

    total $8,665 · program services $7,625 · management and general $693 · fundraising $347

  • 19 · Conferences, conventions and meetings

    total $4,176 · program services $3,675 · management and general $334 · fundraising $167

  • 23 · Insurance

    total $6,836 · program services $6,016 · management and general $547 · fundraising $273

  • 24a · Other expenses: PROGRAM EXPENSES

    total $90,168 · program services $90,168 · management and general $0 · fundraising $0

  • 24b · Other expenses: CREDIT LOSSES

    total $31,491 · program services $0 · management and general $31,491 · fundraising $0

  • 24c · Other expenses: MISCELLANEOUS

    total $28,306 · program services $24,156 · management and general $2,731 · fundraising $1,419

  • 24d · Other expenses: EVENTS

    total $3,239 · program services $3,239 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $116,061 · end of year $36,824

  • 2 · Savings and temporary cash investments

    beginning of year $352,366 · end of year $360,920

  • 3 · Pledges and grants receivable

    beginning of year $0 · end of year $138,418

  • 4 · Accounts receivable

    beginning of year $229,033 · end of year $12,440

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,407 · end of year $11,064

  • 15 · Other assets

    beginning of year $561,364 · end of year $533,731

  • 17 · Accounts payable and accrued expenses

    beginning of year $49,377 · end of year $43,829

  • 19 · Deferred revenue

    beginning of year $49,430 · end of year $0

  • 25 · Other liabilities

    beginning of year $573,967 · end of year $557,336

  • 27 · Net assets without donor restrictions

    beginning of year $543,167 · end of year $453,451

  • 28 · Net assets with donor restrictions

    beginning of year $58,290 · end of year $38,781

Mission and programs · 2024

Mission

OUR MISSION IS TO LEAD THE ECONOMIC ADVANCEMENT, WEALTH CREATION AND EQUITY FOR LATINOS IN OREGON AND SW WASHINGTON. OUR VISION IS TO CLOSE THE LATINO ECONOMIC EQUITY GAP AND CREATE INTERGENERATIONAL WEALTH.

Activities or mission (Part I)

HMC'S MISSION IS TO LEAD THE ECONOMIC ADVANCEMENT, WEALTH CREATION AND EQUITY FOR LATINOS.

  • SINCE 1996, THE HISPANIC CHAMBER HAS AWARDED ALMOST $3 MILLION IN INDIVIDUALLY AND CORPORATE SPONSORED SCHOLARSHIPS TO LATINO STUDENTS THROUGHOUT OREGON AND SW WASHINGTON. THE PURPOSE OF THE SCHOLARSHIPS IS TO ENCOURAGE AND INSPIRE LATINO STUDENTS TO START OR CONTINUE THEIR HIGHER EDUCATION. A TOTAL OF $113,700 WAS AWARDED TO 39 STUDENTS IN 2024.

    Expenses $397,228 · Grants $113,700

  • BUSINESS EDUCATION, TECHNICAL ASSISTANCE, AND TRAINING PROVIDES OUTREACH, EDUCATION, AND ONE-ON-ONE SERVICES TO NEW AND EXISTING BUSINESSES IN NUMEROUS AREAS INCLUDING DEVELOPMENT OF ACCOUNTING SYSTEMS, LOAN/BOND PROPOSALS, FINANCING, INSURANCE, MARKETING, TECHNOLOGY, OPERATIONS, AND MANAGEMENT.

    Expenses $718,350

  • LATINO LEADERSHIP CLASS IS A 12-MONTH PROGRAM THAT ENHANCES THE LEADERSHIP AND MANAGEMENT SKILLS OF LATINO LEADERS TO POSITION THEM TO CONTINUE THEIR ADVANCEMENT IN THEIR EMPLOYMENT WHILE ALSO PROMOTING COMMUNITY LEADERSHIP THROUGH VOLUNTEERISM ON PUBLIC BOARDS AND COMMISSIONS.

    Expenses $125,986 · Revenue $69,210

  • THE HISPANIC CHAMBER OFFERS A VARIETY OF OTHER SERVICES IN THE AREAS OF OUTREACH AND ADVOCACY TO THE COMMUNITY IN GENERAL THROUGH NEWSLETTERS, EVENTS, MEMBERSHIP, ITS WEBSITE, AND WORKSHOPS

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

Listed in Part VII

  • Alan Avila

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Dalila Molina

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Gabe Gomez

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Gale Castillo

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Marifer Sager

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sandy Ragnetti

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gerardo Ochoa

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Gabriela Mann

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Andres Jimenez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John L Jackley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Elizabeth Gomez

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Seth Tindall

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Nicole Leon

    EXECUTIVE DIRECTOR

    Total calculated
    $121,501
    From this org
    $115,834
    From related orgs
    $0
    Other
    $5,667
    Hours/week
    40

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
2024
Filed
28 October 2025
IRS schema version
2024v5.2
Source object
202523099349303392

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