National Hispanic Corporate Council
- Assets
- $782.6k
- Revenue
- $508.4k
- Investments
- $0.0
- Employees
- 1
- Location
- Washington, DC
- Founding
- 09/1988
- Data as of
- 12/2022
- EIN
- 95-4118666
Organization Overview
National Hispanic Corporate Council is located in Washington, DC. The organization was established in 1988. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Hispanic Corporate Council 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, National Hispanic Corporate Council generated $508.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $280.3k during the year ending 12/2022. 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
NHCC PROVIDES OUR MEMBERS ACCESS TO A COLLABORATIVE COMMUNITY THAT SHRES RESOURCES, KNOWLEDGE, BEST PRACTICES AND INNOVATIVE SOLUTIONS TO GROW TALENT, CUSTOMERS AND SUPPLIERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FORUMS AND CONFERENCES: FOCUS ON SUPPLIER DIVERSITY, MARKETING, COMMUNITY RELATIONS AND HUMAN RESOURCES WITHIN THE FOUNDATION OF CORPORATE RESPONSIBILITY.
MEMBERSHIP: TO BE OUR MEMBERS LEADING RESOURCE FOR MAXIMIZING THE HISPANIC MARKET OPPORTUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eduardo Arabu CEO | Officer | 40 | $145,750 |
Adolfo Aguirre Director | Officer | 1 | $0 |
Fernanda Goncalves Director | Officer | 1 | $0 |
Carmel Darcy Director | Officer | 1 | $0 |
Brian Hall Director | Officer | 1 | $0 |
Raquel Barlow Director | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $508,404 |
| 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 | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $508,404 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $146,779 |
| Compensation of current officers, directors, key employees. | $22,409 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $35,808 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,870 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,684 |
| Information technology | $4,298 |
| Royalties | $0 |
| Occupancy | $2,512 |
| Travel | $15,532 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $29,161 |
| Interest | $344 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,760 |
| All other expenses | $241 |
| Total functional expenses | $280,274 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $682,597 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $95,000 |
| 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 | $5,000 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $782,597 |
| Accounts payable and accrued expenses | $21,605 |
| Grants payable | $0 |
| Deferred revenue | $339,250 |
| 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 | $360,855 |
| Net assets without donor restrictions | $421,742 |
| Net assets with donor restrictions | $0 |
| 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 | $782,597 |