Hispanic Federation Inc
- Assets
- $47.7m
- Revenue
- $37.0m
- Investments
- $0.0
- Employees
- 284
- Location
- New York, NY
- Founding
- 02/1991
- Data as of
- 12/2022
- EIN
- 13-3573852
Organization Overview
Hispanic Federation Inc is located in New York, NY. The organization was established in 1991. According to its NTEE Classification (S50) the organization is classified as: Nonprofit Management, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hispanic Federation Inc employed 284 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Federation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Hispanic Federation Inc generated $37.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.3% each year . All expenses for the organization totaled $34.7m during the year ending 12/2022. While expenses have increased by 20.0% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Hispanic Federation Inc has awarded 1,326 individual grants totaling $98,282,899. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE HISPANIC FEDERATION IS TO EMPOWER AND ADVANCE THE HISPANIC COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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. IN 2022, THE ORGANIZATION FOCUSED ITS EFFORTS ON EMERGENCY ASSISTANCE, FARM AND FOOD WORKERS RELIEF AID, AND REDUCING THE IMPACT OF COVID-19 IN LATINO COMMUNITIES NATIONWIDE.
ADVOCACY SERVICES FOCUSED ON ADVANCING THE INTERESTS AND ASPIRATIONS OF LATINOS AND THEIR COMMUNITY-BASED ORGANIZATIONS THROUGH, AMONG OTHER THINGS, COALITION BUILDING, POLICY RESEARCH, PUBLIC EDUCATION, ADVOCACY, AND VOTER MOBILIZATION. IN 2022, MUCH OF THE ORGANIZATION'S ADVOCACY WORK FOCUSED ON ADVANCING EQUITY IN FEDERAL BENEFITS FOR PUERTO RICO, VOTER EDUCATION AND TURNOUT, AND EXPANDING IMMIGRANT JUSTICE AND RIGHTS.
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.
ORGANIZATIONAL DEVELOPMENT ASSISTANCE THAT FORTIFIES A NETWORK OF MORE THAN 600 LATINO FRONT-LINE GRASSROOTS ORGANIZATIONS WITH EMERGENCY ASSISTANCE, PROGRAMMATIC, AND CAPACITY-BUILDING GRANTS THAT HELP ITS NONPROFIT GRANTEES ADDRESS EMERGING AND GROWING COMMUNITY AND OPERATIONAL NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Manuel Chinea Chair | OfficerTrustee | 0.5 | $0 |
Miguel Centeno Vice Chair | OfficerTrustee | 0.5 | $0 |
Marcos Torres Treasurer | OfficerTrustee | 0.5 | $0 |
Nathalie Rayes Secretary | OfficerTrustee | 0.5 | $0 |
Margaret Lazo Assistant Sec. | OfficerTrustee | 0.5 | $0 |
Dean Aguillen Director | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Calderon Solutions Fundraising Planning And Develop. | 12/30/22 | $240,000 |
Berlin Rosen Ltd Communication Strategy | 12/30/22 | $187,265 |
Mama Guava Consulting | 12/30/22 | $159,405 |
Dnf Solutions Server Maintenance | 12/30/22 | $159,265 |
Landmark Consultants Llc Consulting | 12/30/22 | $148,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,642,536 |
| Related organizations | $0 |
| Government grants | $10,203,447 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,275,399 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $36,121,382 |
| Total Program Service Revenue | $0 |
| Investment income | $243,639 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $72,614 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $37,032,621 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $15,264,831 |
| Grants and other assistance to domestic individuals. | $184,880 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $369,725 |
| Compensation of current officers, directors, key employees. | $92,431 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,452,692 |
| Pension plan accruals and contributions | $248,546 |
| Other employee benefits | $842,400 |
| Payroll taxes | $558,754 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $115,318 |
| Fees for services: Accounting | $78,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,815 |
| Fees for services: Other | $6,844,295 |
| Advertising and promotion | $0 |
| Office expenses | $209,575 |
| Information technology | $233,768 |
| Royalties | $0 |
| Occupancy | $374,908 |
| Travel | $177,410 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $162,231 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $275,989 |
| Insurance | $79,998 |
| All other expenses | $206,221 |
| Total functional expenses | $34,709,277 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,979,832 |
| Savings and temporary cash investments | $11,618,753 |
| Pledges and grants receivable | $10,558,621 |
| Accounts receivable, net | $100,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $94,223 |
| Net Land, buildings, and equipment | $4,163,974 |
| Investments—publicly traded securities | $11,926,716 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $303,055 |
| Total assets | $47,745,174 |
| Accounts payable and accrued expenses | $892,448 |
| Grants payable | $2,327,938 |
| Deferred revenue | $10,000 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $472,709 |
| Total liabilities | $3,703,095 |
| Net assets without donor restrictions | $12,006,980 |
| Net assets with donor restrictions | $32,035,099 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $47,745,174 |
Grants Awarded
Over the last fiscal year, Hispanic Federation Inc has awarded $10,637,327 in support to 447 organizations.
| Grant Recipient | Amount |
|---|---|
THE 1588 CHIQUI'S UNISEX INC PURPOSE: UNFINISHED BUSINESS INITIATIVE | $7,500 |
904WARD INC PURPOSE: CIVIC EDUCATION, DEVELOPMENT, AND POLICY GRANT | $20,000 |
ABBALETAS PURPOSE: UNFINISHED BUSINESS INITIATIVE | $7,500 |
ACCESS EAST INC PURPOSE: COVID 19 EMERGENCY ASSISTANCE | $25,000 |
THE ADVANCE COMMUNITY OUTREACH PURPOSE: GRANT SR TRANSPORTATION SUPPORT YO TE LLEVO INITIATIVE | $18,000 |
ADELANTE ALABAMA WORKER CENTER PURPOSE: COVID 19 EMERGENCY ASSISTANCE | $25,000 |