Hispanic Association Of Colleges And Universities
- Assets
- $18.4m
- Revenue
- $17.0m
- Investments
- $0.0
- Employees
- 416
- Location
- San Antonio, TX
- Founding
- 02/1988
- Data as of
- 12/2022
- EIN
- 74-2466103
Organization Overview
Hispanic Association Of Colleges And Universities is located in San Antonio, TX. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2022, Hispanic Association Of Colleges And Universities employed 416 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Association Of Colleges And Universities 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 12/2022, Hispanic Association Of Colleges And Universities generated $17.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $14.6m during the year ending 12/2022. While expenses have increased by 5.8% 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
HACU'S MISSION IS TO CHAMPION HISPANIC SUCCESS IN HIGHER EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS AND FACULTY DEVELOPMENT AND SCHOLARSHIPS - ARE COLLABORATIVE PROJECTS FUNDED BY FEDERAL AGENCIES, CORPORATIONS, AND FOUNDATIONS IN CONJUNCTION WITH HISPANIC SERVING INSTITUTIONS (HSI). THE PROGRAM AWARDS SCHOLARSHIPS TO STUDENTS AND IS FUNDED BY VARIOUS CORPORATE AND FEDERAL SPONSORS.
STUDENT INTERNSHIP PROGRAM - HACU NATIONAL INTERNSHIP PROHRAM (HNIP) FACILITATES THE PLACEMENT OF COLLEGE STUDENTS WHO HAVE DEMONSTRATED HIGH LEVELS OF ACADEMIC PERFORMANCE AND PERSONAL MOTIVATION IN INTERNSHIPS WITH VARIOUS AGENCIES OF THE FEDERAL GOVERNMENT AND CORPORATIONS. THE GOALS OF THE PROGRAM ARE TO PROVIDE STUDENTS WITH SIGNIFICANT EXPERIENTIAL EDUCATIONAL OPPORTUNITIES BY ASSISTING THE FEDERAL GOVERNMENT AND CORPORATIONS IN DEVELOPING AND DIVERSIFYING THEIR HUMAN RESOURCE POOL.
CONFERENCES, EVENTS AND OTHERS - PROVIDES CONFERENCES AND WORKSHOPS DURING THE YEAR TO PROVIDE FOR THE DISSEMINATION OF INFORMATION AND SURVEYS RELATED TO THE GOALS AND MISSION OF HACU. THIS PROGRAM IS PRIMARILY FUNDED BY CONFERENCE FEES AND DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Flores Chair | Trustee | 4 | $0 |
Juan Munoz Vice Chair | Trustee | 3 | $0 |
Margaret Venable Secretary | Trustee | 3 | $0 |
Emma Grace Hernandez Flores Treasurer | Trustee | 3 | $0 |
Federico Zaragoza Substitute For Past Chair | Trustee | 3 | $0 |
Ted Alejandre Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Audio Visual Audio Visual Services | 12/30/16 | $234,245 |
Agency Nine Graphic Design | 12/30/16 | $102,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $3,132,257 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,684,877 |
| All other contributions, gifts, grants, and similar amounts not included above | $6,184,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,001,625 |
| Total Program Service Revenue | $1,916,581 |
| Investment income | $112,275 |
| 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 | $17,030,481 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,757,243 |
| Grants and other assistance to domestic individuals. | $781,750 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,318,221 |
| Compensation of current officers, directors, key employees. | $1,318,221 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,265,522 |
| Pension plan accruals and contributions | $237,837 |
| Other employee benefits | $182,917 |
| Payroll taxes | $499,260 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $476,122 |
| Advertising and promotion | $137,204 |
| Office expenses | $381,339 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $505,775 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,731,742 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $41,559 |
| All other expenses | $0 |
| Total functional expenses | $14,582,999 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,912,033 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,945,912 |
| Accounts receivable, net | $1,489,976 |
| 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 | $309,416 |
| Net Land, buildings, and equipment | $1,514,393 |
| Investments—publicly traded securities | $6,348,775 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,841,126 |
| Total assets | $18,361,631 |
| Accounts payable and accrued expenses | $585,017 |
| Grants payable | $0 |
| Deferred revenue | $2,469,799 |
| 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 | $1,824,339 |
| Total liabilities | $4,879,155 |
| Net assets without donor restrictions | $8,462,703 |
| Net assets with donor restrictions | $5,019,773 |
| 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 | $18,361,631 |