California Hispanic Chambers Of Commerce Foundation
- Assets
- $564.9k
- Revenue
- $738.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 09/2008
- Data as of
- 12/2022
- EIN
- 37-1561859
Organization Overview
California Hispanic Chambers Of Commerce Foundation is located in Sacramento, CA. The organization was established in 2008. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Hispanic Chambers Of Commerce 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 12/2022, California Hispanic Chambers Of Commerce Foundation generated $738.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 16.7% each year . All expenses for the organization totaled $720.7k during the year ending 12/2022. While expenses have increased by 13.5% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CREATE, DEVELOP AND PROVIDE EDUCATION AND ECONOMIC DEVELOPMENT PROGRAMS TO INCREASE ADULT LEADERSHIP FOR THE CALIFORNIA HISPANIC CHAMBERS OF COMMERCE (CHCC) AND FOR MEMBERS OF THE CHCC AND TO PROVIDE SCHOLARSHIP OPPORTUNITIES FOR QUALIFIED STUDENTS TO ATTEND EDUCATIONAL INSTITUTIONS TO STUDY SUBJECTS CONSISTENT WITH THE PURPOSES OF THE CHCC FOUNDATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SBDC & TECHNICAL ASSISTANCE PROGRAMS: THE CHCCFS SMALL BUSINESS DEVELOPMENT CENTER (SBDC) AND TECHNICAL ASSISTANCE PROGRAM PROVIDES FREE ONE-ON-ONE CONSULTING AND TECHNICAL ASSISTANCE SERVICES, WITH A FOCUS ON IMMIGRANT-, WOMEN- AND MINORITY-OWNED BUSINESSES. WE OFFER TECHNICAL ASSISTANCE ON MARKETING, FINANCIAL ANALYSIS, CUSTOMER ANALYSIS, DIGITIZATION, FUNDING RESOURCES, TIME MANAGEMENT, AND MUCH MORE. THESE SERVICES ALSO INCLUDE INDUSTRY-SPECIFIC WORKSHOPS, TRAININGS, AND FOCUS GROUPS. THE GOAL OF THE PROGRAM CONTRIBUTES TO THE ECONOMIC GROWTH OF OUR MINORITY COMMUNITIES IN CALIFORNIA. IN 2022 THE PROGRAM SERVICES OVER 6,500 SMALL BUSINESSES THROUGH DIRECT SERVICES, WORKSHOPS, AND/OR WEBINARS.
SUSTAINABILITY PROGRAMS: THE CHCC SUSTAINABILITY PROGRAM WORK WITH SMALL BUSINESSES AND COMMUNITY-BASED ORGANIZATIONS ASSIST IN THE DEVELOPMENT AND ACHIEVE GOALS THAT CREATE FINANCIAL, SOCIETAL AND ENVIRONMENTAL SUSTAINABILITY. A BUSINESS IMPACTS COMMUNITIES AND RESOURCES, SO TAKING THESE STEPS TO SUSTAINABILITY IS IN THE BEST INTERESTS OF THE ENVIRONMENT, THE BUSINESS OWNER AND THE CONSUMER. THE CHCCF SUSTAINABILITY PROGRAM WORKS TO DECREASE THE NEGATIVE IMPACT ON THE ENVIRONMENT AND POTENTIALLY SAVE MONEY. THE CHCCF WORKS WITH SMALL BUSINESSES TO EASILY SCALE THESE PRACTICES AND IMPLEMENT THEM IN THEIR OWN ORGANIZATIONS THROUGH A SMALL BUSINESS SUSTAINABILITY PLAN.
EUC: ENERGY UPGRADE CALIFORNIA IS A STATEWIDE INITIATIVE TO EDUCATE CALIFORNIANS TO BE MORE ENERGY EFFICIENT, UTILIZE MORE SUSTAINABLE NATURAL RESOURCES, REDUCE DEMAND ON THE ENERGY GRID AND MAKE INFORMED CHOICES ABOUT THEIR ENERGY USE AT HOME AND AT WORK. THE PROGRAM REACHED OUT BOTH DIRECTLY AND INDIRECTLY TO ENERGY USERS IN CALIFORNIAS VULNERABLE COMMUNITIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julian Canete CEO | Officer | 15 | $0 |
Oscar Garcia Sr. Vice President | 10 | $0 | |
Michell Nguyen Chief Of Staff | 1 | $0 | |
Jose Plascencia Chairman | Trustee | 3 | $0 |
Raul Hemandez Treasurer | Trustee | 3 | $0 |
Suzanna Aguilera Marrero Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $232,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $304,668 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $536,805 |
| Total Program Service Revenue | $201,334 |
| Investment income | $32 |
| 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 | $738,171 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $17,250 |
| 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 | $236,075 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,497 |
| Payroll taxes | $19,358 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $32,404 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,813 |
| Advertising and promotion | $0 |
| Office expenses | $12,457 |
| Information technology | $8,143 |
| Royalties | $0 |
| Occupancy | $24,482 |
| Travel | $14,850 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,903 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,353 |
| Insurance | $4,355 |
| All other expenses | $5,885 |
| Total functional expenses | $720,727 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $120,884 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $427,550 |
| 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 | $1,277 |
| Net Land, buildings, and equipment | $15,168 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $564,879 |
| Accounts payable and accrued expenses | $223,697 |
| 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 | $162,520 |
| Total liabilities | $386,217 |
| Net assets without donor restrictions | $170,282 |
| Net assets with donor restrictions | $8,380 |
| 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 | $564,879 |