Kansas Hispanic Education & Development Foundation is located in Wichita, KS. The organization was established in 2008. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2023, Kansas Hispanic Education & Development Foundation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kansas Hispanic Education & Development Foundation 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 12/2023, Kansas Hispanic Education & Development Foundation generated $366.5k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $299.4k during the year ending 12/2023. While expenses have increased by 16.0% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE KANSAS HISPANIC EDUCATIONAL & DEVELOPMENT FOUNDATION IS ORGANIZED TO PROMOTE EDUCATIONAL AND LEADERSHIP ADVANCEMENT IN THE HISPANIC COMMUNITY THROUGH ENCOURAGING EDUCATION THROUGH ENDOWMENTS AND SCHOLARSHIPS, ASSISTING HISPANIC PROFESSIONALS WITH LEADERSHIP EXPERIENCES AND ASSISTING ORGANIZATIONS WITH DEVELOPMENT OF HISPANIC PROFESSIONALS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2023 THE ORGANIZATION PAID $94,814 IN SCHOLARSHIPS FOR 56 KHEDF SCHOLARS. STUDENTS ATTENDED CRAVE BEAUTY ACADEMY, WICHITA STATE UNIVERSITY, KANSAS STATE UNIVERSITY, BUTLER COMMUNITY COLLEGE, NEWMAN UNIVERSITY, UNIVERSITY OF KANSAS, OTTAWA UNIVERSITY, UNIVERSITY OF KANSAS, WSU TECH, SANTA BARBARA CITY COLLEGE, STANFORD UNIVERSITY, AND UNIVERSITY OF WEST FLORIDA. IN ADDITION, IN-KIND SCHOLARSHIPS DONATED BY VARIOUS UNIVERSITIES WERE AWARDED TO STUDENTS.ON MAY 25TH, THE ORGANIZATION HELD THE DREAM BIG FIESTA, AN IN-PERSON ANNUAL FUNDRAISER. THE EVENT PROVIDED AN OPPORTUNITY FOR PARENTS AND DONORS TO CELEBRATE THE SUCCESS OF OUR SCHOLARS, AS WELL AS TO THANK THE DONORS WHO SUPPORT OUR MISSION.
THE ORGANIZATION HOSTED A SERIES DREAMS TO DEGREES: SCHOLARSHIP WORKSHOPS FROM NOVEMBER 16TH TO DECEMBER 6TH. THE WORKSHOP IS DESIGNED TO EDUCATE HISPANIC STUDENTS AND PARENTS ON THE IMPORTANCE OF SCHOLARSHIPS AND HOW TO BE PREPARED TO HAVE A STRONG SCHOLARSHIP APPLICATION. (SESSIONS ARE HOSTED IN ENGLISH AND SPANISH)
THE HISPANIC SCHOLARS ALUMNI NETWORK IS A PROGRAM TO MAINTAIN CONTACT WITH PAST SCHOLARSHIP RECIPIENTS. ON JANUARY 8TH THROUGH THE HISPANIC ALUMNI NETWORK KHEDF SCHOLARS ATTENDED THE HOLIDAY RECEPTION, WHICH ALLOWED FOR NETWORKING OPPORTUNITIES WITH THEIR PEERS AND KHEDF CIRCLE OF DONORS.
DURING HISPANIC HERITAGE MONTH THE ORGANIZATION HOSTED ITS FIRST LEAD TO SUCCEED SERIES. THE SERIES OF WORKSHOPS PROVIDED KHEDF SCHOLARS AND HISPANIC STUDENTS IN HIGHER EDUCATION WITH TOOLS AND RESOURCES TO SUCCEED IN COLLEGE AND TRANSITION INTO A CAREER. STUDENTS WERE HELPED WITH RESUME WRITING, MOCK INTERVIEWS, NETWORKING SKILLS, AND PROVIDED A CIVIC ENGAGEMENT OPPORTUNITY.ON JULY 15TH THE ORGANIZATION HELD THE MAKING THE MOST OF COLLEGE WORKSHOP. THE WORKSHOP PREPARES KHEDF SCHOLARS FOR THE TRANSITION FROM HIGH SCHOOL TO COLLEGE BY PROVIDING TOOLS AND RESOURCES NEEDED TO BE SUCCESSFUL IN COLLEGE. STUDENTS GAIN INSIGHT INTO HOW TO MAKE THE MOST OF THEIR COLLEGE EXPERIENCE, BUILD UPON THEIR SKILLS, AND LEARN HOW TO BEST MANAGE THEIR TIME.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dominic Gauna President | OfficerTrustee | 0 | $0 |
Dennis I Clary Vice President | OfficerTrustee | 0 | $0 |
Karen Montiel CPA Treasurer | OfficerTrustee | 0 | $0 |
Shane Batchelder Secretary | OfficerTrustee | 0 | $0 |
Christopher Arellano Board Member | Trustee | 0 | $0 |
Yolanda Camerena Emiritus Board Member | Trustee | 0 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $47,237 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $325,284 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $372,521 |
Total Program Service Revenue | $0 |
Investment income | $63 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | -$6,043 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $366,541 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $94,814 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $59,982 |
Compensation of current officers, directors, key employees. | $29,991 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $74,985 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $10,406 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $16,039 |
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 | $1,870 |
Information technology | $8,394 |
Royalties | $0 |
Occupancy | $0 |
Travel | $328 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $9,497 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $1,504 |
All other expenses | $3,310 |
Total functional expenses | $299,426 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $781,014 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
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 | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $781,014 |
Accounts payable and accrued expenses | $0 |
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 | $0 |
Net assets without donor restrictions | $675,783 |
Net assets with donor restrictions | $105,231 |
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 | $781,014 |