Hispanic Metropolitan Chamber Of Commerce
- Assets
- $1.3m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 16
- Location
- Portland, OR
- Founding
- 03/2000
- Data as of
- 12/2023
- EIN
- 93-1156358
Organization Overview
Hispanic Metropolitan Chamber Of Commerce is located in Portland, OR. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, Hispanic Metropolitan Chamber Of Commerce employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Metropolitan Chamber Of Commerce 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 12/2023, Hispanic Metropolitan Chamber Of Commerce generated $1.4m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 4.2% 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.
Since 2021, Hispanic Metropolitan Chamber Of Commerce has awarded 56 individual grants totaling $463,375. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
HMC'S MISSION IS TO LEAD THE ECONOMIC ADVANCEMENT, WEALTH CREATION AND EQUITY FOR LATINOS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SINCE 1996, THE HISPANIC CHAMBER HAS AWARDED ALMOST $3 MILLION IN INDIVIDUALLY AND CORPORATE SPONSORED SCHOLARSHIPS TO LATINO STUDENTS THROUGHOUT OREGON AND SW WASHINGTON. THE PURPOSE OF THE SCHOLARSHIPS IS TO ENCOURAGE AND INSPIRE LATINO STUDENTS TO START OR CONTINUE THEIR HIGHER EDUCATION.
THE HISPANIC CHAMBER OFFERS A VARIETY OF OTHER SERVICES IN THE AREAS OF OUTREACH AND ADVOCACY TO THE COMMUNITY IN GENERAL THROUGH NEWSLETTERS, EVENTS, MEMBERSHIP, ITS WEBSITE, AND WORKSHOPS.
BUSINESS EDUCATION, TECHNICAL ASSISTANCE, AND TRAINING PROVIDES OUTREACH, EDUCATION, AND ONE-ON-ONE SERVICES TO NEW AND EXISTING BUSINESSES IN NUMEROUS AREAS INCLUDING DEVELOPMENT OF ACCOUNTING SYSTEMS, LOAN/BOND PROPOSALS, FINANCING, INSURANCE, MARKETING, TECHNOLOGY, OPERATIONS, AND MANAGEMENT.
LATINO LEADERSHIP CLASS IS A 12-MONTH PROGRAM THAT ENHANCES THE LEADERSHIP AND MANAGEMENT SKILLS OF LATINO LEADERS TO POSITION THEM TO CONTINUE THEIR ADVANCEMENT IN THEIR EMPLOYMENT WHILE ALSO PROMOTING COMMUNITY LEADERSHIP THROUGH VOLUNTEERISM ON PUBLIC BOARDS AND COMMISSIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gale Castillo Chair | OfficerTrustee | 1 | $0 |
Gabe Gomez Vice Chair | OfficerTrustee | 1 | $0 |
David Vitela Treasurer | OfficerTrustee | 1 | $0 |
Seth Tindall Governance Committee Chair | Trustee | 1 | $0 |
Alan Avila Scholarship Committee Chair | Trustee | 1 | $0 |
Elizabeth Gomez Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $43,695 |
| Fundraising events | $61,797 |
| Related organizations | $0 |
| Government grants | $790,800 |
| All other contributions, gifts, grants, and similar amounts not included above | $460,049 |
| Noncash contributions included in lines 1a–1f | $5,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,356,341 |
| Total Program Service Revenue | $51,500 |
| Investment income | $2,034 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$11,517 |
| Net Income from Gaming Activities | $340 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,417,696 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $166,282 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,463 |
| Compensation of current officers, directors, key employees. | $13,361 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $595,595 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $71,807 |
| Payroll taxes | $70,832 |
| 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 | $92,822 |
| Advertising and promotion | $0 |
| Office expenses | $28,735 |
| Information technology | $56,191 |
| Royalties | $0 |
| Occupancy | $101,700 |
| Travel | $11,345 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,516 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,198 |
| All other expenses | $0 |
| Total functional expenses | $1,550,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $116,061 |
| Savings and temporary cash investments | $352,366 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $229,033 |
| 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 | $15,407 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $561,364 |
| Total assets | $1,274,231 |
| Accounts payable and accrued expenses | $49,377 |
| Grants payable | $0 |
| Deferred revenue | $49,430 |
| 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 | $573,967 |
| Total liabilities | $672,774 |
| Net assets without donor restrictions | $543,167 |
| Net assets with donor restrictions | $58,290 |
| 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 | $1,274,231 |
Grants Awarded
Over the last fiscal year, Hispanic Metropolitan Chamber Of Commerce has awarded $463,375 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
DYLANS AUTO LLC PURPOSE: CARES ACT HARDSHIP GRANT | $6,550 |
VERDE CLEANING PURPOSE: CARES ACT HARDSHIP GRANT | $6,550 |
GENESIS JANITORIAL SERVICES LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
T & K GROCERY AND DELI PURPOSE: CARES ACT HARDSHIP GRANT | $10,000 |
LA PLAYITA MARKET INC PURPOSE: CARES ACT HARDSHIP GRANT | $6,550 |
PDX PREMIER FLOOR COVERING INC PURPOSE: CARES ACT HARDSHIP GRANT | $6,550 |