Arizona Hispanic Chamber Of Commerce Foundation Corporation
- Assets
- $1.9m
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 10/1991
- Data as of
- 12/2022
- EIN
- 86-0685240
Organization Overview
Arizona Hispanic Chamber Of Commerce Foundation Corporation is located in Phoenix, AZ. The organization was established in 1991. 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. Arizona Hispanic Chamber Of Commerce Foundation Corporation 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, Arizona Hispanic Chamber Of Commerce Foundation Corporation generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2022. While expenses have increased by 12.9% per year over the past 6 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
PROVIDE TRAINING AND TECHNICAL ASSISTANCE TO SUPPORT STATEWIDE ECONOMIC AND BUSINESS DEVELOPMENT EFFORTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROMOTE THE GOALS OF HISPANIC AND MINORITY-OWNED BUSINESSES BY ENGAGING ARIZONA HISPANIC CHAMBER OF COMMERCE MEMBERS, SUPPORTERS, AND COMMUNITY PARTNERS IN PHILANTHROPIC AND COMMUNITY-BASED ACTIVITIES THAT PROMOTE STATEWIDE ECONOMIC DEVELOPMENT, EDUCATIONAL ACHIEVEMENT, CIVIL ENGAGEMENT AND THE SHARING OF KNOWLEDGE AND MARKET INTELLIGENCE THAT BENEFITS THE GROWTH AND SUCCESS OF THE CHAMBER'S MEMBERS, ARIZONA AND THE STATE'S GROWING LATINO COMMUNITY. THE BUSINESS FOR ECONOMIC DIVERSITY AND EXCELLENCE, THE "CENTER" IS A PROGRAM UNDER THE FOUNDATION WHICH SERVES AS A VISIBLE AND ACCESSIBLE PLACE OF LEARNING AND EMPOWERMENT - A UNIFIED AND CREDITABLE VOICE REPRESENTING SMALL BUSINESS OWNERS AND THE GREATER HISPANIC COMMUNITY. THE CENTER IS SUPPORTED THROUGH A COMBINATION OF FEDERAL FUNDS, LOCAL GOVERNMENT SUPPORT, CORPORATE INVESTMENT, AND PHILANTHROPIC CONTRIBUTIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monica Villalobos President/ceo | OfficerTrustee | 5 | $0 |
John Ramirez Chair | OfficerTrustee | 0.5 | $0 |
Lorena Valencia Co-Vice Chair - External A | OfficerTrustee | 0.5 | $0 |
Steven Ortega Co-Vice Chair - Internal A | OfficerTrustee | 0.5 | $0 |
Tomas Leon Vice Chair - Azhcc Foundat | OfficerTrustee | 0.5 | $0 |
Tanya M Muniz Treasurer | OfficerTrustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $23,500 |
| Related organizations | $45,780 |
| Government grants | $1,081,973 |
| All other contributions, gifts, grants, and similar amounts not included above | $587,944 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,739,197 |
| Total Program Service Revenue | $275 |
| Investment income | -$4,112 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$1,621 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,741,555 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $121,160 |
| 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 | $677,576 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $30,625 |
| Payroll taxes | $34,658 |
| Fees for services: Management | $4,808 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,750 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $20,080 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $560,239 |
| Advertising and promotion | $17,344 |
| Office expenses | $51,340 |
| Information technology | $36,361 |
| Royalties | $0 |
| Occupancy | $13,464 |
| Travel | $56,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $11,972 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,259 |
| All other expenses | $880 |
| Total functional expenses | $1,650,048 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,546,586 |
| Savings and temporary cash investments | $27,743 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $212,940 |
| 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 | $117,770 |
| Total assets | $1,905,039 |
| Accounts payable and accrued expenses | $358,011 |
| Grants payable | $0 |
| Deferred revenue | $759,918 |
| 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 | $0 |
| Total liabilities | $1,117,929 |
| Net assets without donor restrictions | $569,340 |
| Net assets with donor restrictions | $217,770 |
| 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 | $1,905,039 |
Grants Awarded
Over the last fiscal year, Arizona Hispanic Chamber Of Commerce Foundation Corporation has awarded $15,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
PROCESS AND CONTROL ENGINEERING LLC PURPOSE: SMALL BUSINESS GRANT | $5,000 |
SPOTTEDHORSE INFOSYSTEMS LLC PURPOSE: SMALL BUSINESS GRANT | $5,000 |
XN SOLUTIONS LLC PURPOSE: SMALL BUSINESS GRANT | $5,000 |