San Antonio Hispanic Chamber Of Commerce Inc
- Assets
- $904.3k
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 12
- Location
- San Antonio, TX
- Founding
- 05/1986
- Data as of
- 12/2021
- EIN
- 74-2370616
Organization Overview
San Antonio Hispanic Chamber Of Commerce Inc is located in San Antonio, TX. The organization was established in 1986. 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, San Antonio Hispanic Chamber Of Commerce Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. San Antonio Hispanic Chamber Of Commerce Inc 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, San Antonio Hispanic Chamber Of Commerce Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (8.2%) each year. All expenses for the organization totaled $978.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (9.0%) per year over the past 7 years. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE IS THE LEADING RESOURCE, ADVOCATE, AND ACCESS POINT FOR HISPANIC BUSINESSES, HISPANICS IN BUSINESS, AND THE HISPANIC MARKET.
Describe the Organization's Program Activity:
Part 3 - Line 4a
92ND GALA - DUE TO THE COVID 19 PANDEMIC, THE 92ND GALA WAS CANCELLED. THIS EVENT IS OUR LARGEST SIGNATURE EVENT AND IS ALSO SAN ANTONIO'S LARGEST BUSINESS EVENT EACH YEAR. IT MARKS THE ANNIVERSARY OF BEING IN BUSINESS FOR 90+YEARS. THE EVENT HIGHLIGHTS OUR 2021 ACHIEVEMENTS AND ANNOUNCES OUR 2022 INITIATIVES FOR THE YEAR. UNFORTUNATELY, DUE TO THE COVID 19, THE GALA WAS CANCELLED. THE ORGANIZATION WILL MOVE FORWARD WITH THE 93RD GALA IN MAY OF 2022.
MAYOR & CITY COUNCIL HONOR RECEPTION - THE SAN ANTONIO HISPANIC CHAMBER OF COMMERCE, NORTH SAN ANTONIO CHAMBER OF COMMERCE, AND THE SOUTH & WEST SAN ANTONIO CHAMBER OF COMMERCE HOSTED AN EVENT TO WELCOME THE RECENTLY-ELECTED MAYOR AND CITY COUNCIL AS A RESULT OF THE 2021 MUNICIPAL ELECTION.
SMALL BUSINESS SUMMIT - HEAR FROM KEY INDUSTRY LEADERS ON "THE STATE OF SMALL BUSINESS- AND PARTICIPATE IN INNOVATIVE BREAKOUT SESSIONS FEATURING TOPICS SUCH AS FINANCE EFFICIENCY, EMPLOYMENT STRATEGIES, TECHNOLOGY INNOVATION, PROMOTION & BRAND DEVELOPMENT, AND MORE WHILE NETWORKING WITH OTHER LOCAL LEADERS AND BUSINESSES IN OUR COMMUNITY. THE HISPANIC CHAMBER WELCOMED OVER 100 PARTICIPANTS TO THE SUMMIT.
THE STATE OF SA: THE HOUSING MARKET - A PANEL OF EXPERTS DISCUSS THE CURRENT HOUSING MARKET, TRENDS IN THE REAL ESTATE INDUSTRY, RECOVERY EFFORTS USING FEDERAL FUNDING, AND THE ECONOMIC HOUSING FORECAST WHICH AFFECT OUR SMALL BUSINESS COMMUNITY. THE HISPANIC CHAMBER WELCOMED OVER 120 GUESTS TO THE LUNCHEON SETTING FOR HOUSING MARKET DISCUSSION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marina Gonzales President & | OfficerTrustee | 40 | $173,026 |
Ellen Battles Chief Of Sta | OfficerTrustee | 40 | $61,521 |
Brandon Petrolsky Former CFO | OfficerTrustee | 36 | $45,617 |
John Agather Immediate Pa | OfficerTrustee | 2 | $0 |
Dr Erika Gonzalez Chairwoman O | OfficerTrustee | 20 | $0 |
Andrew Casillas General Coun | OfficerTrustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $427,912 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $427,912 |
| Total Program Service Revenue | $654,279 |
| Investment income | $551 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$3,708 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,079,034 |
| 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. | $283,855 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $316,604 |
| Pension plan accruals and contributions | $166 |
| Other employee benefits | $35,330 |
| Payroll taxes | $56,042 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $40,643 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,822 |
| Office expenses | $11,342 |
| Information technology | $22,247 |
| Royalties | $0 |
| Occupancy | $49,848 |
| Travel | $3,595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $13,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,282 |
| Insurance | $17,956 |
| All other expenses | $13,071 |
| Total functional expenses | $977,953 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $726,924 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $111,265 |
| 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 | $57,313 |
| Net Land, buildings, and equipment | $8,838 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $904,340 |
| Accounts payable and accrued expenses | $60,422 |
| Grants payable | $0 |
| Deferred revenue | $400,625 |
| 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 | $461,047 |
| Net assets without donor restrictions | $443,293 |
| Net assets with donor restrictions | $0 |
| 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 | $904,340 |
Grants Awarded
Over the last fiscal year, San Antonio Hispanic Chamber Of Commerce Inc has awarded $35,343 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
San Antonio, TX PURPOSE: SCHOLARSHIPS | $20,000 |
Hyde Park, NY PURPOSE: SCHOLARSHIPS FOR HISPANIC STUDENTS | $15,343 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that San Antonio Hispanic Chamber Of Commerce Inc has recieved totaling $33,000.
| Awarding Organization | Amount |
|---|---|
Fwd Us Inc Washington, DC PURPOSE: IMMIGRATION ISSUE ADVOCACY | $25,000 |
United States Hispanic Chamber Of Commerce Educational Fund Washington, DC PURPOSE: TOYOTA/USHCC GREEN BUILDS BUSINESS / EMERGENCY RELIEF | $8,000 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lloyds Register North America Inc Houston, TX | $53,290,945 | $33,311,416 |
Louisiana Ambulance Alliance Inc Napoleonville, LA | $5,578,332 | $30,543,889 |
Wi-Fi Alliance Austin, TX | $27,634,772 | $19,782,142 |
Greater Houston Partnership Inc Houston, TX | $22,962,720 | $19,728,312 |
Bbb Serving The Heart Of Texas Austin, TX | $13,203,011 | $18,551,696 |
Visit San Antonio San Antonio, TX | $11,429,570 | $19,048,365 |
Clean Gulf Associates Inc New Orleans, LA | $10,070,698 | $12,457,251 |
Meeting Professionals International Dallas, TX | $6,166,822 | $11,031,821 |
Dallas Regional Chamber Dallas, TX | $15,269,996 | $9,505,789 |
Brazos Pilots Association Freeport, TX | $5,263,034 | $10,473,577 |
American Agape Foundation Inc San Antonio, TX | $56,717,465 | $7,832,495 |
Salesmanship Club Of Dallas Dallas, TX | $14,081,869 | $8,485,267 |