Virginia Hispanic Chamber Foundation Inc
- Assets
- $64.2k
- Revenue
- $152.8k
- Investments
- $0.0
- Employees
- 0
- Location
- N Chesterfield, VA
- Founding
- 07/2002
- Data as of
- 12/2021
- EIN
- 31-1797590
Organization Overview
Virginia Hispanic Chamber Foundation Inc is located in N Chesterfield, VA. The organization was established in 2002. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Hispanic Chamber Foundation 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 12/2021, Virginia Hispanic Chamber Foundation Inc generated $152.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.3%) each year. All expenses for the organization totaled $80.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) 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 MISSION OF THE VIRGINIA HISPANIC CHAMBER OF COMMERCE FOUNDATION (VAHCCF) IS TO PROVIDE THE HISPANIC COMMUNITY WITH EDUCATION AND INFORMATION TO SUCCESSFULLY INTEGRATE THEMSELVES INTO THE COMMONWEALTH OF VIRGINIA..
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADAPTED PASSPORT TO EDUCATION (PASAPORTE A LA EDUCACION) PROGRAM TO VIRTUAL PLATFORM, EXPANDING REACH. FURTHERING FOUNDATION'S OBJECTIVE TO KEEP HISPANIC STUDENTS ON THE PATH TO HIGHER EDUCATION AND SKILL-SETS CERTIFICATION, THE VAHCCF SERVED OVER 1,000 STUDENTS THROUGH OUR CHILDREN'S CULTURAL PROGRAM TO PROMOTE READING FLUENCY IN THE CITY OF RICHMOND AND COUNTY OF CHESTERFIELD PUBLIC SCHOOLS; 100 STUDENTS PARTICIPATED IN BILINGUAL LEADERSHIP MENTORING PROGRAMS IN ELEMENTARY, MIDDLE, AND HIGH SCHOOLS.
DEVELOPED VIRTUAL PLATFORM FOR OUTREACH AND NETWORKING EVENTS TO FACILITATE CONNECTIONS WITH THE HISPANIC COMMUNITY AND AID IN BUSINESS DEVELOPMENT. OUR HISPANIC HERITAGE MONTH VIRTUAAL FESTIVAL HAD OVER 28,000 ATTENDEES AND GAVE LOCAL BUSINESS OWNERS A MONTH-LONG SPOTLIGHT TO SHOWCASE THEIR GOODS AND SERVICES.
FACILITATED ONE-ON-ONE BUSINESS MENTORSHIPS IN PARTNERSHIP WITH SCORE, HELPING OVER 30 NEW BUSINESSES WITH STARTUP COUNSEL.PROVIDED VIRTUAL IMMIGRATION AND CIVIL LEGAL CLINICS WITH OVER 3,000 HOURS DONATED BY LOCAL ATTORNEYS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lisa Zajur Director | Trustee | 35 | $28,000 |
Michel Zajur CEO | OfficerTrustee | 10 | $21,500 |
Morena Phillips Chairman | OfficerTrustee | 2 | $0 |
Terry Sherman Treasurer | Officer | 2 | $0 |
Genoveva Border President | Trustee | 2 | $0 |
Carlos Carillo Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,406 |
| All other contributions, gifts, grants, and similar amounts not included above | $150,346 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $152,752 |
| Total Program Service Revenue | $0 |
| 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 | $152,752 |
| 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. | $49,500 |
| Compensation of current officers, directors, key employees. | $2,500 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,128 |
| 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 | $14,500 |
| Advertising and promotion | $0 |
| Office expenses | $1,200 |
| Information technology | $6,750 |
| Royalties | $0 |
| Occupancy | $3,492 |
| 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 | $79,971 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,152 |
| 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 | $64,152 |
| 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 | $37,600 |
| Other liabilities | $30,572 |
| Total liabilities | $68,172 |
| Net assets without donor restrictions | -$4,020 |
| 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 | $64,152 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Virginia Hispanic Chamber Foundation Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
At&t Foundation Dallas, TX PURPOSE: EDUCATION | $25,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
The Community Foundation For Northern Virginia Inc Oakton, VA PURPOSE: EDUCATIONAL SERVICES AND SCHOOLS - OTHER | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Clay Center For The Arts & Sciences Of West Virginia Inc Charleston, WV | $104,991,627 | $9,740,232 |
Coalition To Salute Americas Heroes Foundation Leesburg, VA | $3,573,595 | $8,478,376 |
Music City Inc Nashville, TN | $1,837,848 | $7,930,504 |
Crosstown Arts Memphis, TN | $38,457,214 | $4,680,625 |
John C Campbell Folk School Brasstown, NC | $20,488,128 | $4,524,565 |
Baltimore Office Of Promotion And The Arts Baltimore, MD | $2,768,148 | $4,464,806 |
One Common Unity Inc Washington, DC | $667,542 | $2,484,423 |
Memphis Equity Through Arts Meta Incorporated Memphis, TN | $5,874,530 | $7,164,597 |
Sitar Arts Center Washington, DC | $12,189,332 | $3,951,154 |
Appalshop Inc Whitesburg, KY | $8,650,033 | $2,149,775 |
Memphis In May International Festival Inc Memphis, TN | $4,677,503 | $2,273,583 |
National Council For The Traditional Arts Silver Spring, MD | $1,116,811 | $2,051,101 |