United States Hispanic Chamber Of Commerce
- Assets
- $3.0m
- Revenue
- $7.4m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 07/1982
- Data as of
- 12/2023
- EIN
- 43-1249249
Organization Overview
United States Hispanic Chamber Of Commerce is located in Washington, DC. The organization was established in 1982. 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, United States Hispanic Chamber Of Commerce employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. United States Hispanic Chamber Of Commerce 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 12/2023, United States Hispanic Chamber Of Commerce generated $7.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $8.0m during the year ending 12/2023. While expenses have increased by 5.1% 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.
Since 2020, United States Hispanic Chamber Of Commerce has awarded 42 individual grants totaling $2,742,531. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
USHCC NATIONAL CONFERENCE IS THE LARGEST GATHERING OF HISPANIC BUSINESS REPRESENTING LOCAL HISPANIC CHAMBERS OF COMMERCE, HISPANIC BUSINESS LEADERS, AND CORPORATE PARTNERS, TO FOSTER HISPANIC ECONOMIC DEVELOPMENT FOR THE GREATER AMERICAN ECONOMY.
SMALL BUSINESS ADMINISTRATION (SBA) COMMUNITY NAVIGATORS PILOT PROGRAM (CNPP). THIS PROGRAM IS AN AWARD FROM THE SBA TO PROVIDE TECHNICAL ASSISTANCE AND DEVELOPMENT TO HISPANIC AND MINORITY-OWNED SMALL BUSINESSES TO NAVIGATE THE POST-PANDEMIC ECONOMY.
LEGISLATIVE CONFERENCE - THIS PROGRAM IS THE LEADING LEGISLATIVE FORUM REPRESENTING THE INTERESTS OF THE LATINO AND LATINA BUSINESS COMMUNITY. IT BRINGS TOGETHER HISPANIC ELECTED OFFICIALS, MEMBERS OF CONGRESS, OVERNMENT LEADERS, INFLUENTIAL HISPANIC ENTREPRENEURS AND MEMBERS OFCORPORATE AMERICA TO DISCUSS THE IMPORTANT ISSUES AFFECTING THE HISPANIC BUSINESS COMMUNITY.
ENERGY SUMMIT - THIS PROGRAM IS TO BRING TOGETHER STAKEHOLDERS FROM ACROSS THE ENERGY SECTOR TO SHARE KNOWLEDGE OF RELEVANT ENERGY ISSUES AND TO ENSURE THE ROLE OF HISPANIC BUSINESS ENTERPRISES WITHIN THE INDUSTRY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Arias Board Member | Trustee | 1 | $0 |
Carlos A Becerra Board Member | Trustee | 1 | $0 |
Ernie Cde Baca Board Member | Trustee | 1 | $0 |
Yuri Cunza Board Member | Trustee | 1 | $0 |
Jaime Di Paulo Board Member | Trustee | 1 | $0 |
Reuben Franco Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ucf Hotel Venture Iii Dba Loews Sapphire Hotel Venue, F&b, 2023 National Conferen | 12/30/23 | $669,844 |
Everlast Productions Audio & Video 2023 National Conference | 12/30/23 | $416,186 |
Unico Communications Inc Production Services All 2023 Annual Even | 12/30/23 | $272,538 |
Smart Edge Technologies Llc Project Management | 12/30/23 | $236,616 |
Carr-wharf 3b Hotel Lessee Llc Dba Inter Hotel Venue, F&b, 2023 Legislative Summi | 12/30/23 | $155,510 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,963,207 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,350 |
| Noncash contributions included in lines 1a–1f | $50,200 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,098,557 |
| Total Program Service Revenue | $4,933,834 |
| Investment income | $57 |
| 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 | $7,352,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $914,968 |
| 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. | $657,213 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,458,195 |
| Pension plan accruals and contributions | $20,373 |
| Other employee benefits | $167,463 |
| Payroll taxes | $139,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $7,655 |
| Fees for services: Accounting | $167,253 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,189,035 |
| Advertising and promotion | $839 |
| Office expenses | $141,335 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $168,759 |
| Travel | $253,286 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,321,092 |
| Interest | $31,982 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,660 |
| Insurance | $39,476 |
| All other expenses | $14,678 |
| Total functional expenses | $8,043,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $678,123 |
| Savings and temporary cash investments | $526,676 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $446,861 |
| 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 | $123,604 |
| Net Land, buildings, and equipment | $169,856 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,079,197 |
| Total assets | $3,024,317 |
| Accounts payable and accrued expenses | $1,225,982 |
| Grants payable | $0 |
| Deferred revenue | $502,809 |
| 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 | $613,394 |
| Total liabilities | $2,342,185 |
| Net assets without donor restrictions | $8,132 |
| Net assets with donor restrictions | $674,000 |
| 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 | $3,024,317 |
Grants Awarded
Over the last fiscal year, United States Hispanic Chamber Of Commerce has awarded $881,303 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA HISPANIC AMERICAN CHAMBER OF COMMERCE INC PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $9,000 |
LATINO BUSINESS CHAMBER OF GREAT LA F PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $9,000 |
CONCORDIA SUMMIT INC PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $8,000 |
FORT WORTH HISPANIC CHAMBER OF COMMERCE PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $9,000 |
SOUTH FLORIDA HISPANIC CHAMBER OF COMMERCE PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $9,000 |
HISPANIC CC OF PALM BEACH COUNTY PURPOSE: BUILD AN ECOSYSTEM TO ACCELERATE HISPANIC BUSINESS GROWTH AND PROSPERITY. | $9,000 |