Hispanic Metropolitan Chamber Of Commerce
- Assets
- $875.2k
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Portland, OR
- Founding
- 03/2000
- Data as of
- 12/2021
- 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 12/2021, Hispanic Metropolitan Chamber Of Commerce employed 15 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 12/2021, Hispanic Metropolitan Chamber Of Commerce generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 11.2% each year . All expenses for the organization totaled $2.1m during the year ending 12/2021. While expenses have increased by 9.9% per year over the past 7 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO LEAD THE ECONOMIC AND EDUCATIONAL OPPORTUNITIES OF LATINOS IN OREGON AND SW WASHINGTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SMALL BUSINESS DEVELOPMENT: BUSINESS EDUCATION AND TRAINING PROVIDES OUTREACH, EDUCATION, AND ONE-ON-ONE ASSISTANCE TO NEW AND EXISTING BUSINESSES IN NUMEROUS AREAS INCLUDING DEVELOPMENT OF ACCOUNTING SYSTEMS, LOAN/BOND PROPOSALS, FINANCING, INSURANCE, MARKETING, TECHNOLOGY, OPERATIONS, AND MANAGEMENT. THE HISPANIC CHAMBER'S SMALL BUSINESS DEVELOPMENT TEAM OFFERS SERVICES TO ASSIST BUSINESSES. WHETHER YOU NEED HELP WITH A STARTUP OR EXPANSION, BUSINESS PLANS OR SOFTWARE TRAINING, THE HISPANIC CHAMBER IS HERE TO HELP. WE ALSO OFFER SMALL BUSINESS LOANS, AS WELL AS GUIDANCE WITH CONTRACTS AND PROCUREMENT.
LATINO LEADERSHIP PROGRAM 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. THE PRIMARY GOAL OF THE HISPANIC METROPOLITAN CHAMBER (HMC) LATINO LEADERSHIP PROGRAM IS TO CULTIVATE LATINO CAREER AND LEADERSHIP ADVANCEMENT TO INFLUENCE INCLUSIVE, SUSTAINABLE COMMUNITY AND ECONOMIC DEVELOPMENT. ACHIEVING THIS GOAL IS A KEY ELEMENT TO THE OREGON AND SW COMMUNITY'S BUSINESS AND SOCIAL VITALITY AND ITS ATTRACTIVENESS AS A PLACE WHERE EVERYONE CAN SUCCEED. SINCE 2007, THE HISPANIC METROPOLITAN CHAMBER LATINO LEADERSHIP PROGRAM HAS BEEN A KEY STRATEGY IN ACHIEVING THIS GOAL AND PROVIDES A SIGNIFICANT BENEFIT TO THE LATINO COMMUNITY AND TO THE COMMUNITY AT LARGE.THIS PROGRAM OFFERS LATINOS CURRENTLY IN OR ASPIRING TO BE LEADERS IN PRIVATE, PUBLIC AND NON-PROFIT ORGANIZATIONS THE OPPORTUNITY TO SIGNIFICANTLY IMPROVE THEIR LEADERSHIP AND MANAGEMENT SKILLS. THIS IMPROVEMENT RESULTS IN THESE INDIVIDUALS CONTRIBUTING TO THEIR ORGANIZATIONS AT A HIGHER LEVEL GIVING BOTH THE PARTICIPANTS AND THEIR ORGANIZATIONS THE OPPORTUNITY TO GROW AND PROSPER IN AN INCLUSIVE COMMUNITY. ADDITIONALLY, THE PROGRAM INCLUDES CULTURALLY SPECIFIC TRAINING AROUND BUILDING AN INCLUSIVE AND EQUITABLE ECONOMY AND WORKFORCE CONSISTENT WITH EXISTING REGIONAL INITIATIVES TO DIVERSIFY THE WORKFORCE.
SINCE 1997, THE HISPANIC CHAMBER HAS CONDUCTED ANNUAL FUNDRAISING TO AWARD SCHOLARSHIPS TO LATINO STUDENTS. TO DATE, THE HISPANIC CHAMBER HAS AWARDED OVER $2.8 MILLION TO OVER 1,052 LATINO STUDENTS IN OREGON AND SW WASHINGTON. THE PURPOSE OF THE SCHOLARSHIPS IS TO ENCOURAGE AND INSPIRE LATINO STUDENTS TO START OR CONTINUE THEIR HIGHER EDUCATION. A TOTAL OF 52 SCHOLARSHIPS WERE AWARDED IN 2021.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carmen Castro Executive Director | Officer | 40 | $100,833 |
Gale Castillo Chair | OfficerTrustee | 1 | $0 |
Carlo Quinonez Treasurer | OfficerTrustee | 1 | $0 |
Julissa Vasquez Secretary | OfficerTrustee | 1 | $0 |
Monica Fowler Vice Chair | OfficerTrustee | 1 | $0 |
Alan Avila Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $32,665 |
| Fundraising events | $64,000 |
| Related organizations | $0 |
| Government grants | $1,688,805 |
| All other contributions, gifts, grants, and similar amounts not included above | $339,917 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,125,387 |
| Total Program Service Revenue | $37,500 |
| 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 | $15,227 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,178,114 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $636,400 |
| Grants and other assistance to domestic individuals. | $274,690 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,833 |
| Compensation of current officers, directors, key employees. | $11,092 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $460,251 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $42,481 |
| Payroll taxes | $51,534 |
| 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 | $103,897 |
| Advertising and promotion | $0 |
| Office expenses | $23,207 |
| Information technology | $40,127 |
| Royalties | $0 |
| Occupancy | $83,493 |
| Travel | $595 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,857 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,905 |
| All other expenses | $0 |
| Total functional expenses | $2,075,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $329,265 |
| Savings and temporary cash investments | $386,948 |
| Pledges and grants receivable | $84,573 |
| Accounts receivable, net | $67,633 |
| 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 | $6,599 |
| Net Land, buildings, and equipment | $198 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $875,216 |
| Accounts payable and accrued expenses | $85,351 |
| Grants payable | $0 |
| Deferred revenue | $60,000 |
| 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 | $145,351 |
| Net assets without donor restrictions | $671,575 |
| 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 | $875,216 |
Grants Awarded
Over the last fiscal year, Hispanic Metropolitan Chamber Of Commerce has awarded $463,375 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
DON CHURRO LLC PURPOSE: CARES ACT HARDSHIP GRANT | $21,550 |
MAYELA'S HAIR AND NAILS LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
PACIFIC HOUSECLEANING LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
GENESIS JANITORIAL SERVICES LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
COCINA CULTURA LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
LA JAROCHITA LLC PURPOSE: CARES ACT HARDSHIP GRANT | $11,550 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Hispanic Metropolitan Chamber Of Commerce has recieved totaling $139,081.
| Awarding Organization | Amount |
|---|---|
Oregon Community Foundation Portland, OR PURPOSE: Community Development | $60,426 |
The Seattle Foundation Seattle, WA PURPOSE: TO PROVIDE GENERAL SUPPORT | $20,000 |
Washington State Microenterprise Association Olympia, WA | | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
Community And Shelter Assist Corp Sherwood, OR PURPOSE: FINANCIAL LITERACY/CASE MANAGEMENT | $13,000 |
Legacy Health Portland, OR PURPOSE: HOPE SCHOLARSHIPS | $9,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pasadena Center Operating Company Pasadena, CA | $155,500,535 | $24,244,402 |
Friends Of Seattle Waterfront Seattle, WA | $32,295,569 | $18,451,565 |
Community Action Partnership Of Sonoma County Santa Rosa, CA | $6,669,063 | $15,581,119 |
Ideoorg San Francisco, CA | $12,398,491 | $9,854,732 |
Reinvent Stockton Foundation Stockton, CA | $46,832,546 | $19,773,564 |
Yakima County Development Association Yakima, WA | $2,653,869 | $12,280,886 |
Association Of Washington Cities Olympia, WA | $23,978,792 | $13,838,038 |
Project Access Inc Orange, CA | $2,961,540 | $13,042,187 |
East Los Angeles Community Union Los Angeles, CA | $130,392,954 | $16,987,947 |
Gamaliel Of California Santa Rosa, CA | $3,034,268 | $10,017,971 |
Downtown Santa Monica Inc Santa Monica, CA | $4,897,203 | $9,308,728 |
Resources For Community Development Berkeley, CA | $93,266,557 | $6,994,658 |