National Hispanic Business Group Ltd
- Assets
- $272.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- New York, NY
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 13-3401149
Organization Overview
National Hispanic Business Group Ltd is located in New York, NY. The organization was established in 1987. According to its NTEE Classification (P84) the organization is classified as: Ethnic & Immigrant Centers, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Hispanic Business Group Ltd is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Hispanic Business Group Ltd generated $59.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $111.2k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
NATIONAL HISPANIC BUSINESS GROUP AWARDED STUDENTS OF HISPANIC HERITAGE INTERESTED IN BUSINESS AND INDUSTRY WITH SCHOLARSHIPS AND PROVIDED NETWORKING BENEFITS AND OPPORTUNITUES TO ITS APPROXIMATE THIRTY MEMBERS THROUGH EVENTS AND HOLDIAY NETWORKING SYMPOSIUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nelson Quinones Membership Chr | 1 | $0 | |
Mildred Tolentino Vice Chair | 5 | $0 | |
Samuel Padilla Treasurer | 1 | $0 | |
Cathy Leidersdorff Secretary | 5 | $0 | |
Yasmin Cruz Board Member | 1 | $0 | |
Marcel Reggiardo Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,600 |
| Total Program Service Revenue | $2,700 |
| Membership dues | $0 |
| Investment income | $8 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $37 |
| Other Revenue | $13,270 |
| Total Revenue | $59,615 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $75,010 |
| Professional fees and other payments to independent contractors | $3,700 |
| Occupancy, rent, utilities, and maintenance | $7,643 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $24,852 |
| Total expenses | $111,205 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $231,132 |
| Other assets | $0 |
| Total assets | $272,827 |
| Total liabilities | $6,103 |
| Net assets or fund balances | $266,724 |
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