Hispanic Finance Association
- Assets
- $16.3k
- Revenue
- $13.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- Data as of
- 07/2023
- EIN
- 87-2195271
Organization Overview
Hispanic Finance Association is located in Austin, TX. According to its NTEE Classification (B03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Finance Association 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 07/2023, Hispanic Finance Association generated $13.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (22.2%) each year. All expenses for the organization totaled $13.0k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HISPANIC FINANCE ASSOCIATION ("HFA")IS AN ORGANIZATION FOCUSED ON HELPING UNDERGRADUATE STUDENTS LAND COMPETITIVE JOBS. HFA HOPES TO INCREASE HISPANIC REPRESENTATION IN THE FINANCIAL SERVICES INDUSTRY BY MENTORING AND EDUCATING THE NEXT GENERATION OF LEADERS.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adam Linares Director | 5 | $500 | |
Daniel Dada Director | 5 | $500 | |
Alex Hanks CEO | 5 | $500 | |
Alexis Cisneros Director | 5 | $500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $13,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $13,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $2,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,038 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,498 |
| Total operating and administrative expenses | $5,536 |
| Contributions, gifts, grants paid | $7,500 |
| Total expenses and disbursements | $13,036 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,844 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $5,505 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,349 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Hispanic Finance Association has awarded $7,500 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
BECKETT KRETER PURPOSE: SCHOLARSHIP | $500 |
BRYAN CARDOSO PURPOSE: SCHOLARSHIP | $250 |
ERNESTO NOVOA QUINTANA PURPOSE: SCHOLARSHIP | $500 |
CLAUDIA FALCON PURPOSE: SCHOLARSHIP | $666 |
FERNANDO SANTIAGO BALSALOBRE PURPOSE: SCHOLARSHIP | $250 |
ESTEBAN MELENDEZ PURPOSE: SCHOLARSHIP | $250 |