Fresno Area Hispanic Foundation
- Assets
- $8.9m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 21
- Location
- Fresno, CA
- Founding
- 02/2004
- Data as of
- 12/2022
- EIN
- 75-3129705
Organization Overview
Fresno Area Hispanic Foundation is located in Fresno, CA. The organization was established in 2004. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Fresno Area Hispanic Foundation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fresno Area Hispanic Foundation 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, Fresno Area Hispanic Foundation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 31.6% each year . All expenses for the organization totaled $2.0m during the year ending 12/2022. While expenses have increased by 20.9% 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
TO PROMOTE EDUCATION AND SELF-SUFFICIENCY THROUGH ECONOMIC DEVELOPMENT THAT STRENGTHENS OUR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FRESNO AREA HISPANIC FOUNDATION HELD VARIOUS ACTIVITIES TO ENHANCE AND IMPROVE THE COMMUNITY AS A WHOLE THROUGH NETWORKING, EDUCATION, AWARENESS AND PROVIDING A SOURCE FOR THE COMMUNITY TO SUPPORT ACTIVITIES AND PROGRAMS THAT PROMOTE, BENEFIT AND FOSTER THE HISPANIC BUSINESS COMMUNITY AND THE COMMUNITY AS A WHOLE IN FRESNO, CA AND THE SURROUNDING AREAS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dora Westerlund President & CEO | Officer | 50 | $231,048 |
Yerania Olivares COO | Officer | 50 | $154,550 |
Ricardo Flores Board Member | Trustee | 1 | $0 |
Roberto Perez Treasurer | OfficerTrustee | 1 | $0 |
Jacqueline Rios Board Member | Trustee | 1 | $0 |
Sandra Vicente Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $54,607 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $866,023 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,279,763 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,200,393 |
| Total Program Service Revenue | $0 |
| Investment income | $74,526 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$105,228 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $31,483 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,201,174 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $18,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $385,598 |
| Compensation of current officers, directors, key employees. | $61,665 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $628,291 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $4,671 |
| Payroll taxes | $72,709 |
| 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 | $212,928 |
| Advertising and promotion | $30,083 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $23,222 |
| Travel | $70,604 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,212 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $13,160 |
| Insurance | $111,145 |
| All other expenses | $81,266 |
| Total functional expenses | $1,996,709 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,381,391 |
| Savings and temporary cash investments | $3,167,835 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $117,705 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,278,388 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,896,780 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $13,386 |
| Other assets | $0 |
| Total assets | $8,855,485 |
| Accounts payable and accrued expenses | $159,073 |
| Grants payable | $0 |
| Deferred revenue | $987,042 |
| 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 | $1,785,367 |
| Unsecured mortgages and notes payable | $500,000 |
| Other liabilities | $16,669 |
| Total liabilities | $3,448,151 |
| Net assets without donor restrictions | $3,486,498 |
| Net assets with donor restrictions | $1,920,836 |
| 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 | $8,855,485 |
Grants Awarded
Over the last fiscal year, Fresno Area Hispanic Foundation has awarded $100,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
AAI GROUP LLC PURPOSE: CARES Act Grant | $10,000 |
ALVARADO ZARATE LLC PURPOSE: CARES Act Grant | $10,000 |
BEST CUTS PURPOSE: CARES Act Grant | $10,000 |
COCINA SABOR LLC PURPOSE: CARES Act Grant | $10,000 |
COSMOPOLITAN TAVERN PURPOSE: CARES Act Grant | $10,000 |
FULL CIRCLE BREWING CO PURPOSE: CARES Act Grant | $10,000 |