Statewide Hispanic Chamber Of Commerce Of New Jersey Inc
- Assets
- $1.2m
- Revenue
- $968.4k
- Investments
- $0.0
- Employees
- 4
- Location
- Lyndhurst, NJ
- Founding
- 06/1994
- Data as of
- 12/2021
- EIN
- 22-3121532
Organization Overview
Statewide Hispanic Chamber Of Commerce Of New Jersey Inc is located in Lyndhurst, NJ. The organization was established in 1994. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Statewide Hispanic Chamber Of Commerce Of New Jersey Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Statewide Hispanic Chamber Of Commerce Of New Jersey Inc 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, Statewide Hispanic Chamber Of Commerce Of New Jersey Inc generated $968.4k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.5% each year . All expenses for the organization totaled $514.6k during the year ending 12/2021. While expenses have increased by 8.6% per year over the past 6 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE SHCC IS TO PROMOTE THE CONTINUED GROWTH AND DEVELOPMENT OF NEW JERSEY BUSINESS WHILE UPHOLDING THE HIGHEST STANDARDS OF CONDUCT AND EXCELLENCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ALL OF THE INCOME GENERATED AND REFERENCED HERE, FOSTERS THE GROWTH AND ECONOMIC WELL BEING OF STATEWIDE HISPANICCOC-NJ, WHICH IS THE PRIMARY PURPOSE OF THE CHAMBER OF COMMERCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carlos Amedina ESQ President | Trustee | 10 | $0 |
John C Leon Director | Trustee | 2 | $0 |
Luis Delahoz Chairman Of The Board | Trustee | 10 | $0 |
Dana Rodriguez Director | Trustee | 2 | $0 |
Arturo Osorio Secretary | Trustee | 2 | $0 |
Claribel Cortes Vice Chair | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $88,165 |
| Related organizations | $0 |
| Government grants | $225,342 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $313,507 |
| Total Program Service Revenue | $654,878 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $968,385 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $94,252 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $514,586 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $836,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $342,392 |
| 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 | $0 |
| Net Land, buildings, and equipment | $1,325 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,179,726 |
| Accounts payable and accrued expenses | $21,380 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Total liabilities | $21,380 |
| Net assets without donor restrictions | $1,158,346 |
| Net assets with donor restrictions | $0 |
| 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 | $1,179,726 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Statewide Hispanic Chamber Of Commerce Of New Jersey Inc has recieved totaling $7,500.
| Awarding Organization | Amount |
|---|---|
Barnabas Health Inc Oceanport, NJ PURPOSE: SPONSORSHIP | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nysa-Ila Container Royalty Fund Jersey City, NJ | $55,480,172 | $104,394,382 |
Unsatisfied Claims & Judgement Fund Basking Ridge, NJ | $69,007,782 | $67,404,449 |
Gs1 Us Inc Ewing, NJ | $478,037,755 | $93,863,501 |
International Swaps And Derivatives Association Inc New York, NY | $118,665,756 | $65,806,525 |
Association Of National Advertisers Inc New York, NY | $38,717,598 | $50,547,394 |
Global Associations Of Risk Proffesionals Inc Jersey City, NJ | $66,882,119 | $55,059,565 |
Natural Diamond Council Usa Inc New York, NY | $2,361,726 | $45,450,043 |
Better Health For Northeast New York Inc Albany, NY | $1,699,036 | $0 |
Hamaspik Of Orange County Inc Monroe, NY | $56,250,916 | $69,931,985 |
International Council Of Shopping Centers Inc New York, NY | $167,282,013 | $15,292,706 |
Housing Works Inc Brooklyn, NY | $30,231,683 | $31,989,444 |
Workers Compensation Security Fund Basking Ridge, NJ | $229,766,675 | $28,644,741 |