Hispanics In Philanthropy
- Assets
- $32.6m
- Revenue
- $20.3m
- Investments
- $0.0
- Employees
- 52
- Location
- Oakland, CA
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 94-3040607
Organization Overview
Hispanics In Philanthropy is located in Oakland, CA. The organization was established in 1987. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Hispanics In Philanthropy employed 52 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanics In Philanthropy 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, Hispanics In Philanthropy generated $20.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $16.0m during the year ending 12/2021. While expenses have increased by 19.0% 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 2016, Hispanics In Philanthropy has awarded 444 individual grants totaling $17,141,897. 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
HISPANICS IN PHILANTHROPY IS STRENGTHENING LATINX LEADERSHIP, INFLUENCE AND EQUITY BY LEVERAGING PHILANTHROPIC RESOURCES WITH AN UNWAVERING VISION ON SOCIAL JUSTICE AND SHARED PROSPERITY ACROSS THE AMERICAS. OUR REGIONAL FOCUS IS SHARED ACROSS LATINXS IN THE U.S., LATIN AMERICA & THE CARIBBEAN. AS PART OF OUR ROLE AS IMPACT CATALYSTS, WE RELY ON REPUTABLE LOCAL PARTNERS AND DOMAIN EXPERTS TO ENSURE THE LONG-TERM SUCCESS OF EVERY INITIATIVE WE EMBARK UPON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE POWERUP FUND PROGRAM REBRANDED TO INICIO VENTURES AND REFINED THE PROGRAM INTO A THREE PILLAR APPROACH OF INVESTING, DEVELOPING, AND CONNECTING LATINX STARTUPS, IN 2021 INICIO VENTURES PROVIDED CAPITAL TO SIX LATINX-LED STARTUPS, WHICH WERE 67% FEMALE FOUNDERS, HELD TWO LAUNCHPAD PITCH COMPETITION EVENTS, LAUNCHED A FELLOWSHIP PROGRAM, AND PROVIDED FIELD BUILDING GRANTS TO ENTREPRENEURSHIP ECOSYSTEM BUILDERS.
THE GENDER EQUITY PROGRAM PROVIDED GRANTMAKING ACTIVITIES AND RAISED AWARENESS OF THE REALITY OF MIGRANT WOMEN ON THEIR JOURNEYS THROUGH THE AMERICAS DURING THE INTERNATIONAL DAY FOR THE ELIMINATION OF VIOLENCE AGAINST WOMEN, IN PARTNERSHIP WITH RACISMOMX, ESPACIO MIGRANTE, AND CAFEMIN. THE PROGRAM ENGAGED SIX NEW PARTNERS IN MEXICO, DISTRIBUTED SIXTY-FOUR THOUSAND IN EMERGENCY FUNDS, AND GRANTED TO THIRTY ORGANIZATIONS.
THE ORGANIZATION'S EMERGENCY RESPONSE PROGRAM, INCLUDED PANDEMIC RELIEF EFFORTS TO PROVIDE EMERGENCY GRANTMAKING TO NON-PROFITS PROVIDING DIRECT CASH AID, LEGAL SERVICES, AND SUPPORT TO FARMWORKERS AND ESSENTIAL WORKERS. THE COVID-19 EMERGENCY RESPONSE PROGRAMS RECEIVED A SIGNIFICANT REDUCTION IN FUNDING IN 2021, CLOSING GRANT AWARDS WERE DISTRIBUTED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ana Marie Argilagos President | Officer | 40 | $275,258 |
Catterina Olazabal Chief Financial Officer | Officer | 40 | $166,520 |
Monica Ramirez Pres. Justice4migrantwomen | 40 | $159,617 | |
Jazmin Chavez Vice President | 40 | $134,621 | |
Amalia Greenberg Delgado Vice President | 40 | $133,692 | |
Kelley Bruner COO Justice4migrantwomen | 40 | $106,768 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ss Ks Llc Promotion And Marketing | 12/30/21 | $210,388 |
Espinola Strategies Tech Workshops For Grantees | 12/30/21 | $190,000 |
Impactfull Inc Fundraising And Strategy | 12/30/21 | $180,000 |
Ureeka Inc Small Business Grant Program | 12/30/21 | $150,000 |
Maya Escobar Website Update | 12/30/21 | $110,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $731,232 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,706,927 |
| Noncash contributions included in lines 1a–1f | $2,714 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $19,438,159 |
| Total Program Service Revenue | $453,892 |
| Investment income | $332,928 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $102,394 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $20,330,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $4,092,781 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $4,098,574 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $470,088 |
| Compensation of current officers, directors, key employees. | $119,666 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,816,751 |
| Pension plan accruals and contributions | $63,220 |
| Other employee benefits | $364,365 |
| Payroll taxes | $238,041 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $55,110 |
| Fees for services: Accounting | $151,442 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $230,153 |
| Fees for services: Investment Management | $52,060 |
| Fees for services: Other | $2,169,871 |
| Advertising and promotion | $43,898 |
| Office expenses | $208,416 |
| Information technology | $297,850 |
| Royalties | $0 |
| Occupancy | $162,165 |
| Travel | $175,843 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $276,507 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $17,378 |
| All other expenses | $15,822 |
| Total functional expenses | $16,000,335 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,791,519 |
| Savings and temporary cash investments | $9,319,989 |
| Pledges and grants receivable | $1,479,898 |
| Accounts receivable, net | $76,619 |
| 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 | $51,778 |
| Net Land, buildings, and equipment | $197,752 |
| Investments—publicly traded securities | $15,710,584 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $32,628,139 |
| Accounts payable and accrued expenses | $526,147 |
| Grants payable | $2,372,488 |
| Deferred revenue | $0 |
| 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 | $2,898,635 |
| Net assets without donor restrictions | $22,141,879 |
| Net assets with donor restrictions | $7,587,625 |
| 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 | $32,628,139 |
Grants Awarded
Over the last fiscal year, Hispanics In Philanthropy has awarded $4,034,621 in support to 93 organizations.
| Grant Recipient | Amount |
|---|---|
Bethesda, MD PURPOSE: INCIO VENTURES | $1,000,000 |
El Paso, TX PURPOSE: INCIO VENTURES | $142,000 |
INDIANA UNIVERSITY PURPOSE: TRANSFORMING PHILANTHROPIC PRACTICES | $110,558 |
Miami, FL PURPOSE: INCIO VENTURES | $107,000 |
Aliso Viejo, CA PURPOSE: MIGRATION AND FORCED DISPLACEMENT | $100,000 |
Chicago, IL PURPOSE: MIGRATION AND FORCED DISPLACEMENT | $100,000 |
Grants Recieved
Over the last fiscal year, we have identified 89 grants that Hispanics In Philanthropy has recieved totaling $9,868,549.
| Awarding Organization | Amount |
|---|---|
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO BUILD THE CAPACITY OF NATIONAL RELIGIOUS CONFERENCES IN MEXICO, PERU, AND COLOMBIA TO EXPAND ONGOING FORMATION OPPORTUNITIES FOR SISTERS AND REIGNITE SISTER-LED MINISTRIES IMPACTED BY COVID-19 ALONG THE US/MEXICO BORDER AND ACROSS LATIN AMERICA. | $1,500,000 |
Skoll Foundation Palo Alto, CA PURPOSE: GENERAL OPERATING SUPPORT | $750,000 |
Rockefeller Philanthropy Advisors Inc New York, NY PURPOSE: GENERAL | $725,000 |
Conrad N Hilton Foundation Westlake Village, CA PURPOSE: TO BUILD THE CAPACITY OF NATIONAL RELIGIOUS CONFERENCES IN MEXICO, PERU, AND COLOMBIA TO EXPAND ONGOING FORMATION OPPORTUNITIES FOR SISTERS AND REIGNITE SISTER-LED MINISTRIES IMPACTED BY COVID-19 ALONG THE US/MEXICO BORDER AND ACROSS LATIN AMERICA. | $600,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern California Grantmakers Los Angeles, CA | $26,044,815 | $33,994,479 |
Philanthropic Ventures Foundation Oakland, CA | $36,414,979 | $20,169,103 |
Central Valley Community Foundation Fresno, CA | $105,414,980 | $19,266,870 |
Hispanics In Philanthropy Oakland, CA | $32,628,139 | $20,330,373 |
Women Donors Network San Francisco, CA | $11,762,739 | $21,849,859 |
Edwards Lifesciences Foundation Irvine, CA | $84,164,854 | $6,008,947 |
Just One Project Las Vegas, NV | $1,280,784 | $8,846,231 |
Asian Pacific Fund San Francisco, CA | $25,769,246 | $16,047,288 |
Mission Increase Tigard, OR | $936,883 | $5,775,075 |
Jewish Community Association Of Greater Phoenix Scottsdale, AZ | $31,119,150 | $6,708,831 |
American Muslim Community Foundation Fremont, CA | $4,272,850 | $7,338,552 |
Armenia Fund Inc Glendale, CA | $68,598,938 | $8,000,794 |