UNITED STATES HISPANIC CHAMBER OF COMMERCE EDUCATIONAL FUND

EIN: 823593693 501(c)(3) Education

WASHINGTON, DC

Total Revenue
$1,630,171
Total Expenses
$1,795,380
Total Assets
$4,617,377
Net Assets
$4,086,422
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2017
Legal Domicile
DC
Principal Officer
RAMIRO CAVAZOS
Phone
2028421212
Tax Period
2024-01-01 to 2024-12-31

UNITED STATES HISPANIC CHAMBER OF COMMERCE EDUCATIONAL FUND, founded in 2017, is a community nonprofit in the Education sector that reported $1.6M in total revenue in fiscal year 2024. Revenue fell 36% from the prior year — a significant decline worth monitoring. Expenses of $1.8M exceeded revenue, resulting in a 10% operating deficit.

Mission

THE MISSION OF THE USHCC EDUCATIONAL FUND IS TO EDUCATE, TRAIN, BUILD CAPACITY, CONDUCT RESEARCH, PROVIDE LEADERSHIP DEVELOPMENT OPPORTUNITIES, EXPAND ACCESS TO CAPITAL, AND CREATE GRANT FUNDING FOR HISPANIC BUSINESSES THROUGH A NATIONAL NETWORK OF 250+ HISPANIC CHAMBERS OF COMMERCE.

Program Service Accomplishments

Program 1
Expenses: $469,950

ELEVATE TOGETHER DIRECTLY SUPPORTS BLACK AND HISPANIC SMALL BUSINESS OWNERS WITH THE MISSION OF HELPING LOCAL ECONOMIES, FOSTERING JOB CREATION, AND HELPING TO CLOSE THE RACIAL WEALTH GAP. IN...

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ELEVATE TOGETHER DIRECTLY SUPPORTS BLACK AND HISPANIC SMALL BUSINESS OWNERS WITH THE MISSION OF HELPING LOCAL ECONOMIES, FOSTERING JOB CREATION, AND HELPING TO CLOSE THE RACIAL WEALTH GAP. IN PARTNERSHIP WITH THE ODP CORPORATION AND ROUND IT UP AMERICA, THE INITIATIVE HELPS SUPPORT SMALL BUSINESSES WITH FIVE OR FEWER EMPLOYEES THROUGH TECHNICAL ASSISTANCE GRANTS, PROGRAMS, AND MENTORSHIP.

Program 2
Expenses: $345,455

SUPPLIER AVANZANDO PROGRAM IS A COHORT-BASED PROGRAM DESIGNED FOR CERTIFIED SUPPLIERS LOOKING TO COMPETE SUCCESSFULLY IN THE SUPPLY CHAIN LANDSCAPE AND LEARN THE SKILLS NECESSARY TO MEET COMPLEX...

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SUPPLIER AVANZANDO PROGRAM IS A COHORT-BASED PROGRAM DESIGNED FOR CERTIFIED SUPPLIERS LOOKING TO COMPETE SUCCESSFULLY IN THE SUPPLY CHAIN LANDSCAPE AND LEARN THE SKILLS NECESSARY TO MEET COMPLEX SUPPLIER REQUIREMENTS, DOMESTICALLY AND INTERNATIONALLY.

Program 3
Expenses: $292,678

MBDA CAPITAL READINESS PROGRAM PROVIDES TARGETED TECHNICAL ASSISTANCE AND PROGRAMMING FOR SMALL BUSINESSES AND ENTREPRENEURS SEEKING TO SCALE THEIR BUSINESSES WITH VARIOUS FORMS OF CAPITAL...

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MBDA CAPITAL READINESS PROGRAM PROVIDES TARGETED TECHNICAL ASSISTANCE AND PROGRAMMING FOR SMALL BUSINESSES AND ENTREPRENEURS SEEKING TO SCALE THEIR BUSINESSES WITH VARIOUS FORMS OF CAPITAL, FACILITATES INTRODUCTIONS WITH GOVERNMENT PROGRAMS, SUCH AS STATE SMALL BUSINESS CREDIT INITIATIVE (SSBCI), AND ACCELERATES THE CAPACITY AND GROWTH OF SMALL BUSINESSES IN LINE WITH THE MISSION OF OUR ORGANIZATION AND THAT OF THE CAPITAL READINESS PROGRAM.

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Trantor Score

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,622,854
Program Service Revenue $0
Investment Income $7,317
Other Revenue $0
TOTAL REVENUE $1,630,171

Expense Breakdown

Grants Paid $872,269
Salaries & Benefits $0
Fundraising Expenses $54,510
Program Expenses $1,591,459
Other Expenses $923,111
TOTAL EXPENSES $1,795,380

Year-over-Year Comparison

2024 2023 Change
Revenue $1,630,171 $2,553,888 -0.4%
Expenses $1,795,380 $1,901,709 -0.1%
Net Income $-165,209 $652,179 -1.3%
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
13
Independent Members
12
Employees
N/A
Volunteers
14

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
3
$824,214
Total Directors
14
$584,709
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAMIRO A CAVAZOS PRESIDENT & CEO 5.00
Officer Director
$0 $48,636 $584,709
MONIKA MANTILLA CHAIRWOMAN OF THE BOARD 1.00
Officer Director
$0 $0 $0
ALICE RODRIGUEZ BOARD MEMBER 1.00
Director
$0 $0 $0
BETTY MANETTA BOARD MEMBER 1.00
Director
$0 $0 $0
CARLOS BECERRA BOARD MEMBER 1.00
Director
$0 $0 $0
DANIEL GALINDO BOARD MEMBER 1.00
Director
$0 $0 $0
JACKIE PUENTE BOARD MEMBER 1.00
Director
$0 $0 $0
JUAN CARLOS LISCANO BOARD MEMBER 1.00
Director
$0 $0 $0
KATHLEEN MARTINEZ BOARD MEMBER 1.00
Director
$0 $0 $0
NELSON REYNERI JR BOARD MEMBER 1.00
Director
$0 $0 $0
RAUL SALINAS GENERAL COUNSEL 1.00
Director
$0 $0 $0
ROSA SANTANA BOARD MEMBER 1.00
Director
$0 $0 $0
RUBEN BARRALES BOARD MEMBER (ENDED 7/24) 1.00
Director
$0 $0 $0
YAMMEL SANCHEZ-OCANA BOARD MEMBER 1.00
Director
$0 $0 $0
FELIPE UGALDE CHIEF OPERATING OFFICER 10.00
Officer
$0 $29,096 $239,505
EVELYN BARAHONA SVP USHCC EDUCATIONAL FUND 40.00
Highest
$0 $4,853 $189,270
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 $1,630,171 $1,795,380 $4,617,377 $-165,209
2023 $2,553,888 $1,901,709 $4,837,092 $652,179
2022 $3,186,023 $4,065,991 $4,159,181 $-879,968
2021 $4,778,140 $1,205,080 $4,770,678 $3,573,060
2020 $916,255 $520,281 $1,172,800 $395,974
2019 $700,000 $294,828 $678,333 $405,172
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