Hispanic Business Foundation Of Maryland Inc
- Assets
- $52.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kensington, MD
- Founding
- 04/2001
- Data as of
- 06/2021
- EIN
- 52-2305270
Organization Overview
Hispanic Business Foundation Of Maryland Inc is located in Kensington, MD. The organization was established in 2001. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Business Foundation Of Maryland Inc 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 06/2021, Hispanic Business Foundation Of Maryland Inc generated $126.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $107.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
EDUCATION AND OUTREACH PROGRAMS TO ASSIST THE HISPANIC BUSINESS COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Larson Chair | 10 | $0 | |
Jorge Restrepo Vice-Chair | 10 | $0 | |
Milvia Garrido Secretary | 10 | $0 | |
Carlos Menjivar Treasurer | 10 | $0 | |
Marlon Bernal Board Member | 10 | $0 | |
Gloria Bonilla Board Member | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,000 |
| Total Program Service Revenue | $93,958 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $3,894 |
| Other Revenue | $0 |
| Total Revenue | $126,852 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $41,434 |
| Occupancy, rent, utilities, and maintenance | $24,237 |
| Printing, publications, postage, and shipping | $120 |
| Other expenses | $41,978 |
| Total expenses | $107,769 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $7,962 |
| Other assets | $0 |
| Total assets | $52,730 |
| Total liabilities | $32,064 |
| Net assets or fund balances | $20,666 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Hispanic Business Foundation Of Maryland Inc has recieved totaling $11.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $11 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ben Franklin Technology Center Of Southeastern Pennsylvania Philadelphia, PA | $114,107,980 | $9,362,495 |
Norfolk State University Research And Innovation Foundation Norfolk, VA | $25,278,732 | $5,808,933 |
Economic Progress Alliance Of Crawford County Meadville, PA | $32,588,545 | $5,037,136 |
Small Business Majority Foundation Inc Washington, DC | $4,020,911 | $5,051,591 |
Black Girl Ventures Foundation Fort Belvoir, VA | $2,941,094 | $3,288,394 |
Manufacturers Resource Center Allentown, PA | $3,950,399 | $3,151,417 |
Spedd Inc Vandergrift, PA | $27,841,148 | $4,019,412 |
Prince Georges Financial Services Corporation Largo, MD | $6,191,541 | $2,663,412 |
National Small Business United Washington, DC | $916,029 | $2,645,028 |
Capital Region Minority Supplier Development Council Inc Silver Spring, MD | $1,993,070 | $2,779,986 |
Allentown Economic Development Corporation Allentown, PA | $28,611,870 | $1,731,246 |
Assets Lancaster Lancaster, PA | $1,401,857 | $1,513,730 |