Hispanics In Energy

EIN: 461415746 501(c)(3) Employment

Sacramento, CA

Total Revenue
$634,117
Total Expenses
$445,070
Total Assets
$319,696
Net Assets
$196,456
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CA
Principal Officer
Jose L Perez
Phone
9168013055
Tax Period
2024-01-01 to 2024-12-31

Hispanics In Energy, founded in 2012, is a small nonprofit in the Employment sector that reported $634K in total revenue in fiscal year 2024. Revenue surged 126% from the prior year, signaling strong growth momentum. The organization ran a surplus of $189K, a strong 30% operating margin.

Mission

HIE is a national, community-driven non-profit organization designed to propel Hispanics and Latino inclusion in America's energy industry.

Program Service Accomplishments

Program 1
Expenses: $247,417 Revenue: $159,117

ADVOCACY & EDUCATION HIE advocates for, and educates on, diversity, equity, and inclusion of Hispanics and Latinos of all races and nationalities in all-of-the-above energy-related policymaking...

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ADVOCACY & EDUCATION HIE advocates for, and educates on, diversity, equity, and inclusion of Hispanics and Latinos of all races and nationalities in all-of-the-above energy-related policymaking, funding opportunities, and legislation impacting America's Hispanic ratepayers, consumers, laborers, and students, as well as the economic growth of our nation. HIE convenes summits and participates in activities around the USA to engage, advocate, educate, learn from, and collaborate with stakeholders and leaders in education and academia, state and federal government, corporate and small businesses, and community-based organizations. HIE advocates for reaching parity in demographic representation on energy and regulated utility company boards of directors, in the C-suite, on public utility commissions, in government workforce and leadership roles, and in elected and appointed policy-making positions.

Program 2
Expenses: $87,461

BUSINESS CONTRACT DEVELOPMENT/SUPPLIER DIVERSITY HIE has established a partnership and Memorandum of Understanding (MOU) with US Hispanic Chamber of Commerce (USHCC) to increase procurement...

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BUSINESS CONTRACT DEVELOPMENT/SUPPLIER DIVERSITY HIE has established a partnership and Memorandum of Understanding (MOU) with US Hispanic Chamber of Commerce (USHCC) to increase procurement opportunities, C-suite recruitment, and access to capital for Hispanic Business Enterprises (HBEs) and Hispanic and Latino professionals of all races and nationalities to further evolve in the energy sector. The procurement opportunities involve Hispanic business enterprises (HBEs), energy companies, and government entities. Partners are committed to identifying and addressing certification, procurement, and supplier diversity issues in the energy sector to improve these mechanisms for HBEs to access supply chains.

Program 3
Expenses: $32,187

WORKFORCE DEVELOPMENT Hispanics In Energy (HIE) promotes partnerships and strategic alliances to expand and ensure diversity, equity, and success of Hispanics and Latinos of all races and...

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WORKFORCE DEVELOPMENT Hispanics In Energy (HIE) promotes partnerships and strategic alliances to expand and ensure diversity, equity, and success of Hispanics and Latinos of all races and nationalities, in Science, Technology, Engineering, and Math (STEM) education and energy-related programs, internships, and workforce development opportunities. HIE has established a partnership and memorandum of understanding (MOU) with Hispanic Association of Colleges and Universities (HACU), provides conference presentations to increase diversity, equity, and inclusion of Hispanics of all races and ethnicities in energy-related workforce development programs. HIE champions and actively participates in public-private collaborative partnerships and programs that support STEM-related activities, training, conferences, and internships.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $475,000
Program Service Revenue $159,117
Investment Income $0
Other Revenue $0
TOTAL REVENUE $634,117

Expense Breakdown

Grants Paid $4,831
Salaries & Benefits $121,395
Fundraising Expenses $26,669
Program Expenses $390,319
Other Expenses $318,844
TOTAL EXPENSES $445,070

Year-over-Year Comparison

2024 2023 Change
Revenue $634,117 $281,013 +1.3%
Expenses $445,070 $344,348 +0.3%
Net Income $189,047 $-63,335 -4.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
9
Independent Members
7
Employees
2
Volunteers
20

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$102,480
Total Directors
9
$102,480
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Jose L Perez Pres, CEO & Dir 50.00
Officer Director
$80,500 $0 $80,500
Nancy Zarenda VP, Treas & Dir 15.00
Officer Director
$21,980 $0 $21,980
Olman Valverde Secretary & Dir 2.00
Officer Director
$0 $0 $0
Joseph Dominguez Chairman & Dir 1.00
Officer Director
$0 $0 $0
Hon Nelson Diaz ViceChair & Dir 3.00
Officer Director
$0 $0 $0
Lewis Binswanger ViceChair & Dir 2.00
Officer Director
$0 $0 $0
Monica Martinez Director 0.50
Director
$0 $0 $0
Jose Nino Director 2.00
Director
$0 $0 $0
Maria Pia Tamburri Director 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $634,117 $445,070 $319,696 $189,047
2023 $281,013 $344,348 $37,205 $-63,335
2023 $281,013 $344,348 $37,205 $-63,335
2022 $300,350 $259,315 $103,170 $41,035
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