HOUSTON HISPANIC FORUM

EIN: 760157628 501(c)(3)

HOUSTON, TX

Total Revenue
$103,070
Total Expenses
$115,689
Total Assets
$81,485
Net Assets
$46,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1986
Principal Officer
RAMIRO FONSECA
Phone
7135228077
Tax Period
2020-07-01 to 2021-06-30

HOUSTON HISPANIC FORUM, founded in 1986, is a small nonprofit that reported $103K in total revenue in fiscal year 2020. Revenue fell 50% from the prior year — a significant decline worth monitoring. Expenses of $116K exceeded revenue, resulting in a 12% operating deficit.

Mission

EMPOWER AND INSPIRE THE SUCCESS OF THE LARGE AND FAST-GROWING HISPANIC COMMUNITY IN THE GREATER HOUSTON AREA THEREBY STRENGTHENING THE ENTIRE COMMUNITY.

Program Service Accomplishments

Program 1
Expenses: $385

THE PRIMARY PURPOSE OF THE HOUSTON HISPANIC FORUM IS THE EDUCATION OF HISPANIC YOUTH. THIS IS ACCOMPLISHED THROUGH THE SPONSORSHIP OF CAREER AND EDUCATION DAY TO ENCOURAGE HISPANIC STUDENTS TO FINISH...

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THE PRIMARY PURPOSE OF THE HOUSTON HISPANIC FORUM IS THE EDUCATION OF HISPANIC YOUTH. THIS IS ACCOMPLISHED THROUGH THE SPONSORSHIP OF CAREER AND EDUCATION DAY TO ENCOURAGE HISPANIC STUDENTS TO FINISH HIGH SCHOOL AND ASSIST THEM IN FORMULATING CAREER GOALS. APPROXIMATELY 10,000 STUDENTS, EDUCATORS AND EMPLOYERS ATTEND CAREER DAY.

Program 2

MISSION: TO IGNITE AN INTEREST IN STEM LEARNING TO PREPARE OUR YOUTH TO COMPETE GLOBALLY THROUGHT ANALYTICAL THINKING AND DESIGN LEARNING THAT FOSTERS CREATIVITY AND INNOVATION. TECHPAK IS A ONE-DAY...

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MISSION: TO IGNITE AN INTEREST IN STEM LEARNING TO PREPARE OUR YOUTH TO COMPETE GLOBALLY THROUGHT ANALYTICAL THINKING AND DESIGN LEARNING THAT FOSTERS CREATIVITY AND INNOVATION. TECHPAK IS A ONE-DAY STEM WORKSHOP SPONSORED BY INTERNET ESSENTIAL FROM COMCAST. THIS IS AN EVEN FOR 500 STUDENS IN K-12TH GRADE. THIS WILL GIVE STUDENS THE OPPORTUNITY TO PARTICIPATE IN FREE STEM HANDS ON EXPERICNE WITH THE CHNACE TO INTERACT WITH PROFESSIONALS IN VARIOUS STEM FIELDS.

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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 (2020)

Revenue Breakdown

Contributions & Grants $103,069
Program Service Revenue $0
Investment Income $1
Other Revenue $0
TOTAL REVENUE $103,070

Expense Breakdown

Grants Paid $0
Salaries & Benefits $105,353
Fundraising Expenses $0
Program Expenses $105,738
Other Expenses $10,336
TOTAL EXPENSES $115,689

Year-over-Year Comparison

2020 2019 Change
Revenue $103,070 $206,498 -0.5%
Expenses $115,689 $197,597 -0.4%
Net Income $-12,619 $8,901 -2.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
10
Independent Members
10
Employees
1
Volunteers
10

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
4
$78,000
Total Directors
10
$78,000
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BONNIE MARTIN EXECUTIVE DI 40.00
Officer Director
$78,000 $0 $78,000
JONATHAN BERUDEZ MEMBER 2.00
Director
$0 $0 $0
MARK CUEVA MEMBER 2.00
Director
$0 $0 $0
RAMIRO FONSECA PRESIDENT 4.00
Officer Director
$0 $0 $0
JEFF FULLER TREASURER 4.00
Officer Director
$0 $0 $0
REY GONZALES MEMBER 2.00
Director
$0 $0 $0
RODNEY MCLAURIN MEMBER 2.00
Director
$0 $0 $0
MARCELLE MIR MEMBER N/A
Officer Director
$0 $0 $0
GRACE OLIVARES MEMBER 2.00
Director
$0 $0 $0
JEANNE-MEY SUN MEMBER 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
2021 $103,070 $115,689 $81,485 $-12,619
2020 $206,498 $197,597 $76,454 $8,901
2019 $211,605 $290,171 $50,322 $-78,566
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