National Society Of Hispanic Mbas Inc
- Assets
- $0.0
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 10
- Location
- Dallas, TX
- Founding
- 03/2010
- Data as of
- 12/2021
- EIN
- 27-0436759
Organization Overview
National Society Of Hispanic Mbas Inc is located in Dallas, TX. The organization was established in 2010. 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, National Society Of Hispanic Mbas Inc employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Society Of Hispanic Mbas 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, National Society Of Hispanic Mbas Inc generated $2.1m 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 (10.1%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (16.3%) per year over the past 7 years. 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 ORGANIZATONS VISION IS TO BE THE LEADING CATALYST FOR HISPANIC PROFESSIONAL ACHIEVEMENT. THE ORGANIZATIONS MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC AND SOCIAL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NATIONAL CONFERENCE'S PURPOSE IS TO INCREASE EDUCATIONAL, LEADERSHIP, CAREER AND PROFESSIONAL DEVELOPMENT OF HISPANIC BUSINESS PROFESSIONALS, MBA ALUMNI, STUDENTS AND POTENTIAL MBA CANDIDATES.
LOCAL CHAPTER EVENTS HELP DRIVE MEMBERSHIP AS WELL AS PROMOTE EDUCATIONAL LEADERSHIP, CAREER AND PROFESSIONAL DEVELOPMENT OF HISPANIC BUSINESS PROFESSIONALS, MBA ALUMNI, STUDENTS AND POTENTIAL MBA CANDIDATES.
PROSPANICA JOB BOARD, A CAREER MANAGEMENT CENTER, PROVIDES RECRUITMENT SERVICES FOR BOTH CANDIDATES AND EMPLOYERS THROUGH THE PROSPANICA JOB BOARD DATABASE, SOCIAL MEDIA AND SEARCH TECHNOLOGY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Thomas Savino CEO | OfficerTrustee | 40 | $249,916 |
Monica Puente Vp-Finance | Officer | 40 | $102,542 |
Judith Garcia-Galiana Director | Trustee | 2 | $0 |
Raquel Santiago-Martinez Director | Trustee | 2 | $0 |
Elyse Estrada-From 42021 Director | Trustee | 2 | $0 |
Janet Simms V. Chair/chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $101,602 |
| Fundraising events | $0 |
| Related organizations | $144,910 |
| Government grants | $112,494 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,000 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,006 |
| Total Program Service Revenue | $1,681,289 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $4,500 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$7,066 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,100,454 |
| 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. | $552,274 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $18,835 |
| Other employee benefits | $45,246 |
| Payroll taxes | $57,157 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $59,565 |
| Fees for services: Accounting | $19,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $243,307 |
| Advertising and promotion | $0 |
| Office expenses | $14,923 |
| Information technology | $96,811 |
| Royalties | $0 |
| Occupancy | $112,162 |
| Travel | $28,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,900 |
| Interest | $625 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,979 |
| Insurance | $13,846 |
| All other expenses | $2,050 |
| Total functional expenses | $1,317,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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 | $0 |
| 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 | $0 |