United States Hispanic Chamber Of Commerce
- Assets
- $2.2m
- Revenue
- $4.9m
- Investments
- $0.0
- Employees
- 13
- Location
- Washington, DC
- Founding
- 07/1982
- Data as of
- 12/2021
- 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 12/2021, United States Hispanic Chamber Of Commerce employed 13 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 12/2021, United States Hispanic Chamber Of Commerce generated $4.9m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (2.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, United States Hispanic Chamber Of Commerce has awarded 14 individual grants totaling $594,860. 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
2021
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 CONVENTION IS THE LARGEST GATHERING OF HISPANIC BUSINESS LEADERS IN AMERICA. EACH YEAR, WE BRING TOGETHER OVER 1000 ATTENDEES REPRESENTING LOCAL HISPANIC CHAMBERS OF COMMERCE, HISPANIC BUSINESS LEADERS, AND CORPORATE PARTNERS, TO FOSTER HISPANIC ECONOMIC DEVELOPMENT FOR THE GREATER AMERICAN 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, GOVERNMENT LEADERS, INFLUENTIAL HISPANIC ENTREPRENEURS AND MEMBERS OF CORPORATE AMERICA TO DISCUSS THE IMPORTANT ISSUES AFFECTING THE HISPANIC BUSINESS COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ramiro Cavazos President & CEO | Trustee | 1 | $0 |
Felipe Ugalde Managing Dr. Of Financial Planning & Analysis | 40 | $140,385 | |
Brianna Dimas VP Of Programs And Communications | 40 | $134,557 | |
Leroy Cavazos VP Of International & Gov't Affairs | 40 | $133,094 | |
Alice Rodriguez Chairwoman | OfficerTrustee | 5 | $0 |
Betty Manetta Secretary | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mgm Resorts International 2021 Ushcc National Conference Hotel | 12/30/21 | $506,334 |
Everlast Productions 2021 Ushcc National Conference Av | 12/30/21 | $258,508 |
Unico Communications Inc 2021 Events Production | 12/30/21 | $148,193 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $790,066 |
| All other contributions, gifts, grants, and similar amounts not included above | $405,200 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,195,266 |
| Total Program Service Revenue | $3,530,641 |
| Investment income | $63 |
| 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 | $4,908,238 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $673,130 |
| 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. | $519,917 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $841,395 |
| Pension plan accruals and contributions | $10,380 |
| Other employee benefits | $90,264 |
| Payroll taxes | $87,579 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,255 |
| Fees for services: Accounting | $174,347 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $294,494 |
| Advertising and promotion | $9,348 |
| Office expenses | $162,384 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $133,138 |
| Travel | $51,106 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,227,205 |
| Interest | $40,487 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $43,886 |
| Insurance | $36,341 |
| All other expenses | $0 |
| Total functional expenses | $4,452,466 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $626,551 |
| Savings and temporary cash investments | $471,974 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $672,225 |
| 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 | $79,800 |
| Net Land, buildings, and equipment | $54,374 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $285,613 |
| Total assets | $2,190,537 |
| Accounts payable and accrued expenses | $236,237 |
| Grants payable | $0 |
| Deferred revenue | $1,051,023 |
| 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 | $1,049,209 |
| Total liabilities | $2,336,469 |
| Net assets without donor restrictions | -$232,515 |
| Net assets with donor restrictions | $86,583 |
| 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 | $2,190,537 |
Grants Awarded
Over the last fiscal year, United States Hispanic Chamber Of Commerce has awarded $368,144 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
New Orleans, LA PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $64,296 |
Nashville, TN PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $58,926 |
Philadelphia, PA PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $55,813 |
Las Vegas, NV PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $52,983 |
HISPANIC CC OF PALM BEACH COUNTY PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $49,074 |
Chicago, IL PURPOSE: COVID-19 TECHNICAL ASSISTANCE | $48,041 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that United States Hispanic Chamber Of Commerce has recieved totaling $550,833.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $400,000 |
Aarp Washington, DC PURPOSE: Sponsorship of the national conference | $75,000 |
Edison Electric Institute Washington, DC PURPOSE: CONTRIBUTION/PROGRAM SUPPORT | $30,833 |
Ctia-The Wireless Association Washington, DC PURPOSE: GENERAL SUPPORT | $30,000 |
American Fuel And Petrochemical Manufacturers Washington, DC PURPOSE: GENERAL SUPPORT | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Amt-The Association For Manufacturing Technology Mclean, VA | $46,538,427 | $7,983,774 |
Personal Care Products Council Washington, DC | $26,566,920 | $19,071,135 |
American Hotel & Lodging Association Directory Corporation Washington, DC | $39,158,961 | $23,973,024 |
Responsible Business Alliance Inc Alexandria, VA | $17,217,182 | $20,384,843 |
Asis International Inc Alexandria, VA | $27,323,586 | $13,144,142 |
National Institute For Automotive Service Exellence Leesburg, VA | $25,163,895 | $18,755,834 |
International Masonry Institute Bowie, MD | $25,662,049 | $19,254,775 |
Association For Financial Professionals Inc Bethesda, MD | $30,134,135 | $15,069,162 |
Portland Cement Association Alexandria, VA | $21,852,055 | $18,216,465 |
American College Of Radiology Association Reston, VA | $28,168,186 | $16,951,008 |
Plastics Industry Association Inc Washington, DC | $19,265,703 | $12,261,158 |
Aerospace Industries Association Of America Inc Arlington, VA | $34,239,387 | $18,520,879 |