El Paso Hispanic Chamber Of Commerce
- Assets
- $606.4k
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 21
- Location
- El Paso, TX
- Founding
- 11/1990
- Data as of
- 12/2021
- EIN
- 74-2555602
Organization Overview
El Paso Hispanic Chamber Of Commerce is located in El Paso, TX. The organization was established in 1990. 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, El Paso Hispanic Chamber Of Commerce employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. El Paso 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, El Paso Hispanic Chamber Of Commerce generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.6% each year . All expenses for the organization totaled $3.2m during the year ending 12/2021. While expenses have increased by 17.4% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE EL PASO HISPANIC CHAMBER OF COMMERCE IS TO CONTINUE TO BE THE LEADING ADVOCATE IN PROMOTING SUCCESS OF EL PASO SMALL BUSINESSES BY PROVIDING RESOURCES, INFORMATION AND EDUCATION WHILE PROMOTING THE AWARENESS AND PRESERVATION OF THE HISPANIC CULTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATIONAL SEMINARS AND CONFERENCES OFFER TRAINING AND NETWORKING OPPORTUNITIES TO SMALL BUSINESSES. EL PASO HISPANIC CHAMBER OF COMMERCE PARTICIPATED IN SEVERAL SEMINARS AND CONFERENCES: IN THE ETA CENTER 4,566 PERSONS WERE TRAINED. START-UP BUSINESS ASSISTANCE WAS PROVIDED TO 1,939 PERSONS. EXPANDING BUSINESS SERVICES WERE PROVIDED TO 1,642 EXISTING, GROWING BUSINESSES. 14,611 JOBS WERE CREATED AND RETAINED BY PROJECTS ASSISTED. BIZ TECH PROGRAM - THIS PROGRAM IS PART OF THE BUSINESS DEVELOPMENT PROGRAM AND ASSISTS SMALL BUSINESS IN LEARNING ABOUT E-COMMERCE OPPORTUNITIES AND PRODUCTS.
WOMEN'S BUSINESS BORDER CENTER (WBBC) PROVIDES COUNSELING, TECHNICAL ASSISTANCE AND TRAINING TO WOMEN IN BUSINESS AND TO WOMEN WHO ARE STARTING A BUSINESS. THE WBBC PROVIDED COUNSELING TO 1,340 PEOPLE IN WHICH, APPROXIMATELY 74% (991 PEOPLE) WERE WOMEN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cindy Ramos-Davidson Chief Executive Offi | Officer | 58 | $107,809 |
Lizabeth Romero Chief Financial Offi | OfficerTrustee | 48 | $73,779 |
Mike Mcqueen Immediate Past Chair/bus A | OfficerTrustee | 1 | $0 |
Omar Veliz Business Advocacy - Chair | OfficerTrustee | 1 | $0 |
Marcela Navarrete Vice President Of Strategi | OfficerTrustee | 1 | $0 |
Janet Aguilar Nominating | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,633,092 |
| All other contributions, gifts, grants, and similar amounts not included above | $146,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,779,842 |
| Total Program Service Revenue | $345,396 |
| Investment income | $5 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $40,000 |
| 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 | $3,178,760 |
| 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. | $181,588 |
| Compensation of current officers, directors, key employees. | $18,159 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $677,862 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $50,839 |
| Payroll taxes | $58,546 |
| 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 | $96,285 |
| Advertising and promotion | $20,761 |
| Office expenses | $50,925 |
| Information technology | $70,759 |
| Royalties | $0 |
| Occupancy | $76,088 |
| Travel | $10,890 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $13,224 |
| All other expenses | $24,127 |
| Total functional expenses | $3,174,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $430,053 |
| Savings and temporary cash investments | $7,648 |
| Pledges and grants receivable | $75,000 |
| Accounts receivable, net | $93,747 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $606,448 |
| Accounts payable and accrued expenses | $43,429 |
| Grants payable | $0 |
| Deferred revenue | $183,504 |
| 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 | $75,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $301,933 |
| Net assets without donor restrictions | $304,515 |
| 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 | $606,448 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that El Paso Hispanic Chamber Of Commerce has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Beacon State Fund Austin, TX PURPOSE: Sponsorship to the Dancing Backwards in High Heels event | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
United Brotherhood Of Carpenters And Joiners Of America Metairie, LA | $27,400,853 | $8,587,017 |
Texas Oil And Gas Association Inc Austin, TX | $10,912,231 | $6,947,737 |