Hispanic American Council Incorporated
- Assets
- $1.2m
- Revenue
- $692.8k
- Investments
- $0.0
- Employees
- 23
- Location
- Kalamazoo, MI
- Founding
- 04/1990
- Data as of
- 06/2022
- EIN
- 38-2437758
Organization Overview
Hispanic American Council Incorporated is located in Kalamazoo, MI. The organization was established in 1990. According to its NTEE Classification (P19) the organization is classified as: Support N.E.C., under the broad grouping of Human Services and related organizations. As of 06/2022, Hispanic American Council Incorporated employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic American Council Incorporated 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 06/2022, Hispanic American Council Incorporated generated $692.8k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.0% each year . All expenses for the organization totaled $754.5k during the year ending 06/2022. While expenses have increased by 25.4% per year over the past 7 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 ENABLE AND PROMOTE THE PROSPERITY OF A THRIVING LATINO COMMUNITY, EQUIPPED TO PRESERVE DISTINCT CULTURAL IDENTITIES WITHIN THE BROADER COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STRENGTHEN CONNECTIONS BETWEEN THE HISPANIC COMMUNITY AND OTHER NON- PROFITS, GOVERNMENTAL ORGANIZATIONS, AND OTHERS WHO SHARE OUR MISSION AND VALUES.
TO STRENGTHEN CHILDREN'S POTENTIAL BY CREATING A LEARNING ENVIRONMENT WHERE THEIR INNATE INTEREST TO LEARN AND EXPLORE IS SUPPORTED, ENRICHED, AND DEVELOPED.
AN EXCITING LEARNING ENVIRONMENT THAT PROMOTES CULTURAL/LINGUISTIC IDENTITY AND CREATES THE FOUNDATION AND BELIEF IN LEARNING AS A VEHICLE TO REACH ONE'S POTENTIAL.
HISPANIC LIAISON SERVICES TO IMPROVE EDUCATIONAL PROGRESS AND OPPORTUNITIES FOR HISPANIC CHILDREN AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adrian Vazquez-Alatorre Executive Di | Officer | 40 | $58,367 |
Emiliano Cortez Treasurer | OfficerTrustee | 2 | $0 |
Lisette Mira-Amaya Vice Preside | OfficerTrustee | 0.5 | $0 |
Susan Hernandez Secretary | OfficerTrustee | 1 | $0 |
Maria Luisa Diaz President | OfficerTrustee | 0.5 | $0 |
Luis Garcia Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $53,100 |
| Membership dues | $0 |
| Fundraising events | $18,250 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $537,540 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $608,890 |
| Total Program Service Revenue | $81,397 |
| Investment income | $155 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,384 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $692,826 |
| 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. | $58,367 |
| Compensation of current officers, directors, key employees. | $5,837 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $363,568 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $29,822 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $20,427 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,432 |
| Advertising and promotion | $5,985 |
| Office expenses | $12,539 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,557 |
| 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 | $1,261 |
| Insurance | $5,856 |
| All other expenses | -$8,394 |
| Total functional expenses | $754,549 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $862,553 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $257,760 |
| Accounts receivable, net | $12,803 |
| 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 | $16,763 |
| Net Land, buildings, and equipment | $29,923 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,179,802 |
| Accounts payable and accrued expenses | $66,165 |
| 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 | $66,165 |
| Net assets without donor restrictions | $547,505 |
| Net assets with donor restrictions | $566,132 |
| 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 | $1,179,802 |
Grants Recieved
Over the last fiscal year, we have identified 8 grants that Hispanic American Council Incorporated has recieved totaling $735,005.
| Awarding Organization | Amount |
|---|---|
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: EL FUTURO DE NUESTRA COMUNIDAD: EDUCACION, EQUIDAD Y CULTURA (THE FUTURE OF OUR COMMUNITY: EDUCATION, EQUITY AND CULTURE) | $200,000 |
Ronda E Stryker & William D Johnston Foundation Kalamazoo, MI PURPOSE: EL FUTURO DE NUESTRA COMUNIDAD: EDUCACION, EQUIDAD Y CULTURA (THE FUTURE OF OUR COMMUNITY: EDUCATION, EQUITY AND CULTURE) | $200,000 |
Kalamazoo Community Foundation Kalamazoo, MI PURPOSE: HUMAN SERVICE-MULTIPURPOSE/OTHER | $175,200 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $99,286 |
United Way Of South Central Michigan Kalamazoo, MI PURPOSE: ACADEMIA AZTECA | $53,100 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $7,342 |
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Lake-Geauga Recovery Centers Inc Mentor, OH | $8,539,089 | $6,593,058 |
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Information And Referral Network Inc Indianapolis, IN | $1,190,211 | $1,806,972 |
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Marathon Residential And Counseling Services Inc Wausau, WI | $812,025 | $1,734,130 |
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