Society Of Hispanic Professional Engineers
- Assets
- $10.4m
- Revenue
- $14.2m
- Investments
- $0.0
- Employees
- 38
- Location
- City Of Industry, CA
- Founding
- 02/2004
- Data as of
- 06/2023
- EIN
- 72-1549994
Organization Overview
Society Of Hispanic Professional Engineers is located in City Of Industry, CA. The organization was established in 2004. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. As of 06/2023, Society Of Hispanic Professional Engineers employed 38 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Society Of Hispanic Professional Engineers 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 06/2023, Society Of Hispanic Professional Engineers generated $14.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 10.2% each year . All expenses for the organization totaled $14.1m during the year ending 06/2023. While expenses have increased by 13.0% 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
SHPE CHANGES LIVES BY EMPOWERING THE HISPANIC COMMUNITY TO REALIZE ITS FULLEST POTENTIAL AND TO IMPACT THE WORLD THROUGH STEM AWARENESS,ACCESS, SUPPORT AND DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ANNUAL CONFERENCE PROGRAM'S MISSION IS TO BRING TOGETHER STUDENTS, PROFESSIONALS, AND EMPLOYERS FROM THE PRIVATE AND PUBLIC SECTOR IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND MATH. THE SERVICES OFFERED INCLUDE CAREER EXPO, INTERVIEW OPPORTUNITIES WITH POTENTIAL EMPLOYERS, NETWORKING OPPORTUNITIES, EDUCATIONAL EVENTS AND PROFESSIONAL DEVELOPMENT WORKSHOPS LEAD BY PROMINENT SPEAKERS.
THE SHPE SCHOLARSHIP PROGRAM PROVIDES SCHOLARSHIP AWARDS TO QUALIFIED UNDERGRADUATE AND GRADUATE STUDENTS ENROLLED IN QUALIFIED ACADEMIC INSTITUTIONS AND STUDYING IN THE FIELDS OF SCIENCE, TECHNOLOGY, ENGINEERING AND/OR MATH.
GRANTS RECEIVED BY SHPE DURING FY23 SUPPORTED EIGHTEEN UNIQUE PROGRAMS AT A NATIONAL SCALE, SEVEN OF WHICH WERE NEWLY DEVELOPED AND LAUNCHED. THESE GRANTS SUPPORTED NEARLY 150 EVENTS AND IMPACTED 14,000 SHPE MEMBERS AND COMMUNITY MEMBERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Chris Wilkie Chief Exec. Officer (thru 02/2023) | Officer | 40 | $339,872 |
Dr Kimberly Douglas Chief Research & Impact Officer | Officer | 40 | $182,154 |
Monique Herrera Chief External Relations Officer | Officer | 40 | $173,609 |
Rhonda Mcneil Chief Administration Officer | Officer | 40 | $155,081 |
Jose Silva Chief Engage. Officer (thru 03/2023) | Officer | 40 | $124,719 |
Fernando Paz Board Chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Event Lounge Events Support | 6/29/23 | $167,500 |
Corporate Giving Connection Marketing And Branding | 6/29/23 | $414,967 |
Roc Management Inc Convention Sales Support | 6/29/23 | $124,707 |
Arent Fox Legal Services | 6/29/23 | $108,000 |
Alma Amaro Bookkeeping Services Finance Support | 6/29/23 | $103,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $238,603 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,406,929 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,645,532 |
| Total Program Service Revenue | $10,398,280 |
| Investment income | $185,013 |
| 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 | $14,243,825 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,626,605 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,158,419 |
| Compensation of current officers, directors, key employees. | $194,539 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,464,201 |
| Pension plan accruals and contributions | $74,039 |
| Other employee benefits | $359,560 |
| Payroll taxes | $215,770 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $147,252 |
| Fees for services: Accounting | $154,297 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $10,366 |
| Fees for services: Other | $644,130 |
| Advertising and promotion | $0 |
| Office expenses | $58,725 |
| Information technology | $465,755 |
| Royalties | $0 |
| Occupancy | $89,211 |
| Travel | $352,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $5,082,528 |
| Interest | $0 |
| Payments to affiliates | $185,300 |
| Depreciation, depletion, and amortization | $55,422 |
| Insurance | $65,254 |
| All other expenses | $0 |
| Total functional expenses | $14,139,940 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,663,195 |
| Savings and temporary cash investments | $6,094,885 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $350,833 |
| 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 | $317,420 |
| Net Land, buildings, and equipment | $125,672 |
| Investments—publicly traded securities | $662,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $162,610 |
| Total assets | $10,377,452 |
| Accounts payable and accrued expenses | $536,341 |
| Grants payable | $0 |
| Deferred revenue | $3,531,519 |
| 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 | $4,067,860 |
| Net assets without donor restrictions | $4,585,034 |
| Net assets with donor restrictions | $1,724,558 |
| 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 | $10,377,452 |