Colorado Hispanic Chamber Of Commerce
- Assets
- $167.3k
- Revenue
- $757.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Denver, CO
- Founding
- 05/1981
- Data as of
- 12/2023
- EIN
- 84-0845219
Organization Overview
Colorado Hispanic Chamber Of Commerce is located in Denver, CO. The organization was established in 1981. 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 12/2023, Colorado Hispanic Chamber Of Commerce employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Colorado 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 12/2023, Colorado Hispanic Chamber Of Commerce generated $757.6k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $761.1k during the year ending 12/2023. While expenses have increased by 0.1% per year over the past 9 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE AND ADVANCE THE GROWTH OF HISPANIC BUSINESSES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SEMINARS, CONFERENCES, NEWSLETTERS, AND EVENTS TO PROMOTE BUSINESS DEVELOPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Ferrufino President & CEO | OfficerTrustee | 0 | $166,982 |
Camelia Robles Board Member | Trustee | 0 | $0 |
Luis Colon Board Member | Trustee | 0 | $0 |
Patsy Landaveri Board Member | Trustee | 0 | $0 |
Tatiana Arguello Board Member | Trustee | 0 | $0 |
Rich Naha Board Member | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $288,307 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $321,852 |
| Noncash contributions included in lines 1a–1f | $114,675 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $610,159 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $98,468 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $757,627 |
| 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. | $166,982 |
| Compensation of current officers, directors, key employees. | $16,698 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,405 |
| Pension plan accruals and contributions | $1,414 |
| Other employee benefits | $42,311 |
| Payroll taxes | $25,220 |
| Fees for services: Management | $51,500 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,000 |
| Fees for services: Lobbying | $12,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,579 |
| Office expenses | $49,183 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $36,675 |
| Travel | $3,787 |
| 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 | $4,857 |
| All other expenses | $4,448 |
| Total functional expenses | $761,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,161 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $69,750 |
| 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 | $5,430 |
| Total assets | $167,341 |
| Accounts payable and accrued expenses | $6,512 |
| Grants payable | $0 |
| Deferred revenue | $102,246 |
| 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 | $22,362 |
| Total liabilities | $131,120 |
| Net assets without donor restrictions | $0 |
| 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 | $36,221 |
| Total liabilities and net assets/fund balances | $167,341 |