Organization Of Hispanic Contractors Inc
- Assets
- $2.2m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 12
- Location
- Dallas, TX
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 75-2721320
Organization Overview
Organization Of Hispanic Contractors Inc is located in Dallas, TX. The organization was established in 1999. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Organization Of Hispanic Contractors Inc employed 12 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Organization Of Hispanic Contractors 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, Organization Of Hispanic Contractors Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. While expenses have increased by 6.1% 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
PROMOTION OF MINORITY OWNED BUSINESSES AND SAFETY TRAINING
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTION OF MINORITY OWNED BUSINESSES AND SAFETY TRAINING IN THE CONSTRUCTION FIELD.
PROMOTION OF MINORITY OWNED BUSINESSES AND SAFETY TRAINING IN THE CONSTRUCTION FIELD.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Martinez President | Officer | 40 | $217,326 |
Yesenia Garcia Vice Chair | Officer | 5 | $0 |
Angela Barry Robertson Secretary | Officer | 5 | $0 |
Evelyn Molina Treasurer | Officer | 5 | $0 |
Bianca Sandoval Chair | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $249,800 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $263,950 |
| 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 | $513,750 |
| Total Program Service Revenue | $840,995 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $171,937 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,526,766 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $23,500 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $527,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $36,561 |
| Fees for services: Management | $25,000 |
| Fees for services: Legal | $750 |
| Fees for services: Accounting | $2,475 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,948 |
| Advertising and promotion | $3,183 |
| Office expenses | $19,232 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,895 |
| Travel | $11,151 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $112,898 |
| Interest | $61,971 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,542 |
| Insurance | $37,635 |
| All other expenses | $79,925 |
| Total functional expenses | $1,181,859 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,294,848 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $395,113 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,340 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $452,266 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $16,469 |
| Other assets | $0 |
| Total assets | $2,172,036 |
| Accounts payable and accrued expenses | $11,565 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $1,095,439 |
| Total liabilities | $1,107,004 |
| Net assets without donor restrictions | $1,065,032 |
| 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 | $2,172,036 |
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