Hispanic Entrepreneur Initiative Inc
- Assets
- $29.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Boca Raton, FL
- Founding
- 12/2019
- Data as of
- 12/2021
- EIN
- 84-3662332
Organization Overview
Hispanic Entrepreneur Initiative Inc is located in Boca Raton, FL. The organization was established in 2019. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Entrepreneur Initiative Inc 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 12/2021, Hispanic Entrepreneur Initiative Inc generated $158.5k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 25.2% each year . All expenses for the organization totaled $147.1k during the year ending 12/2021. While expenses have increased by 20.7% per year over the past 2 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
IN 2021 HEI TRAINED 1,060 ENTREPRENEURS, 98% OF THEM WERE WOMEN ENTREPRENEURS, SMALL BUSINESSES, LATIN POPULATION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Armando Garcia President | 0 | $0 | |
Ofelia Bukant Vice President | 0 | $0 | |
Berkly Trumbo Secretary | 0 | $0 | |
Luz M Montes Controller | 0 | $0 | |
Maria Gutierrez Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $158,470 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $158,470 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $124,695 |
| Occupancy, rent, utilities, and maintenance | $2,995 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $19,390 |
| Total expenses | $147,080 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $10,530 |
| Other assets | $0 |
| Total assets | $29,780 |
| Total liabilities | $18,173 |
| Net assets or fund balances | $11,607 |
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