Hispanic Alliance For Career Enhancement
- Assets
- $3.5m
- Revenue
- $3.4m
- Investments
- $0.0
- Employees
- 24
- Location
- Chicago, IL
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 36-3193236
Organization Overview
Hispanic Alliance For Career Enhancement is located in Chicago, IL. The organization was established in 1985. 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 12/2023, Hispanic Alliance For Career Enhancement employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Alliance For Career Enhancement 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, Hispanic Alliance For Career Enhancement generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $2.6m during the year ending 12/2023. While expenses have increased by 17.5% 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
TO POSITIVELY IMPACT THE AMERICAN WORKPLACE BY CULTIVATING THE PIPELINE OF LATINO TALENT AND PROVIDING LATINO PROFESSIONALS THE INSIGHT, ACCESS, AND SUPPORT TO BE SUCCESSFUL
Describe the Organization's Program Activity:
Part 3 - Line 4a
HISPANIC ALLIANCE FOR CAREER ENHANCEMENT (HACE) INSTITUTIONALIZES LATINO DIVERSITY THROUGH RECRUITMENT, RETENTION, AND DEVELOPMENT PROGRAMS IN PARTERSHIP WITH LEADING EMPLOYERS THAT BUILD LASTING RELATIONSHIPS WITH LATINO PROFESSIONALS. HACE DELIVERS RECRUITMENT, DEVELOPMENT AND RETENTION PROGRAMS WITH LEADING EMPLOYERS AND ORGANIZATIONS WHO STRIVE TO BUILD LASTING RELATIONSHIPS WITH LATINO PROFESSIONALS. THESE PROVIDE OPPORTUNITIES FOR PARTNERS TALENT, ENGAGING WITH LATINO PROFESSIONALS AND YOUTH, AND SHOWCASING THEIR EMPLOYMENT BRAND. HACE OFFRS A VARIETY OF LEADERSHIP AND PERSONAL DEVELOPMENT PROGRAMS IN SELECT HIGH SCHOOL AND COLLEGE INSTITUTIONS SPECIFICALLY GEARED TOWARD LATINO LEADERS AND ACADEMIC ACHIEVERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Mota CEO & President | OfficerTrustee | 40 | $249,574 |
Yasmin Mendoza-Sewell Chief Operating Officer | Officer | 40 | $185,442 |
Alina Moran National Board Chair | OfficerTrustee | 0.25 | $0 |
Michael Alicea National Board Vice Chair | OfficerTrustee | 0.25 | $0 |
Lizette Arias-Annett National Board Treasurer | OfficerTrustee | 0.25 | $0 |
Lilia Arroyo-Flores National Board Secretary | OfficerTrustee | 0.25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Life Coaching Group Llc Prof. Coaching | 12/30/23 | $222,661 |
Jjr Marketing Marketing | 12/30/23 | $127,035 |
Renaissance Chicago Downtown Hotel Event Location | 12/30/23 | $241,362 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $634,897 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $610,866 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,245,763 |
| Total Program Service Revenue | $2,464,142 |
| Investment income | $13,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$367,969 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,375,714 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $47,500 |
| Grants and other assistance to domestic individuals. | $26,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $483,996 |
| Compensation of current officers, directors, key employees. | $57,174 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $767,448 |
| Pension plan accruals and contributions | $18,195 |
| Other employee benefits | $31,905 |
| Payroll taxes | $96,148 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $58,681 |
| Fees for services: Accounting | $62,543 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $607,384 |
| Advertising and promotion | $12,990 |
| Office expenses | $8,214 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,696 |
| Travel | $93,292 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $52,099 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,162 |
| Insurance | $15,744 |
| All other expenses | $0 |
| Total functional expenses | $2,584,308 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,270,682 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $78,023 |
| 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 | $133,063 |
| Net Land, buildings, and equipment | $13,814 |
| Investments—publicly traded securities | $40,304 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,535,886 |
| Accounts payable and accrued expenses | $430,814 |
| Grants payable | $0 |
| Deferred revenue | $270,549 |
| 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 | $40,304 |
| Total liabilities | $741,667 |
| Net assets without donor restrictions | $2,465,609 |
| Net assets with donor restrictions | $328,610 |
| 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 | $3,535,886 |