HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY

EIN: 850356947 501(c)(3)

WASHINGTON, DC

Total Revenue
$5,498,370
Total Expenses
$5,738,823
Total Assets
$5,961,552
Net Assets
$3,128,854
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Financial Trends

Organization Details

Formation Year
1986
Legal Domicile
DC
Principal Officer
CID D WILSON
Phone
2028381042
Tax Period
2023-01-01 to 2023-12-31

HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY, founded in 1986, is a community nonprofit that reported $5.5M in total revenue in fiscal year 2023. Revenue grew 17% year-over-year, indicating healthy expansion.

Mission

TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS.

Program Service Accomplishments

Program 1
Expenses: $2,293,097 Revenue: $2,212,394

SYMPOSIUM AND CONFERENCES HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR DISCUSSIONS ABOUT POLICIES, PRACTICES AND TRENDS AFFECTING THE ADVANCEMENT OF HISPANIC INCLUSION...

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SYMPOSIUM AND CONFERENCES HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR DISCUSSIONS ABOUT POLICIES, PRACTICES AND TRENDS AFFECTING THE ADVANCEMENT OF HISPANIC INCLUSION IN CORPORATE AMERICA. CONFERENCE PARTICIPANTS, REPRESENTING THE MOST RESPECTED AND RECOGNIZED FORTUNE 500 COMPANIES, CONVENE FOR THE COMMON PURPOSE OF PROMOTING BEST PRACTICES, ADDRESSING CORPORATE SOCIAL RESPONSIBILITY AS IT RELATES TO HISPANIC INCLUSION IN THEIR RESPECTIVE ORGANIZATIONS, AND EXPLORING THE PRESENT AND FUTURE ROLES OF HISPANICS AS CORPORATE AND COMMUNITY LEADERS. HACR'S 2023 SYMPOSIUM WAS HOSTED IN NEW YORK, NY ON OCT. 9-11 FOR A HYBRID (IN-PERSON AND VIRTUAL) AUDIENCE.

Program 2
Expenses: $2,063,188 Revenue: $413,963

LEADERSHIP & EDUCATIONHACR'S LATINA EMPOW(H)ER SUMMIT ("LES") CONVENES LATINA EXECUTIVES FROM FORTUNE 500 COMPANIES FOR A UNIQUE OPPORTUNITY TO DEVELOP THEIR LEADERSHIP AND MANAGERIAL SKILLS THROUGH...

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LEADERSHIP & EDUCATIONHACR'S LATINA EMPOW(H)ER SUMMIT ("LES") CONVENES LATINA EXECUTIVES FROM FORTUNE 500 COMPANIES FOR A UNIQUE OPPORTUNITY TO DEVELOP THEIR LEADERSHIP AND MANAGERIAL SKILLS THROUGH A SERIES OF CURATED WORKSHOPS AND DISCUSSIONS. CONTENT IS DESIGNED WITH AN INTERSECTIONAL LENS, AIMING TO GIVE VISIBILITY TO THE UNIQUE AND SHARED EXPERIENCES WITHIN LEADERSHIP POSITIONS FOR INDIVIDUALS WHO IDENTIFY AS FEMALE AND LATINA. ATTENDEES ARE ALSO ENCOURAGED TO EXPLORE SELF-CARE PRIORITIES THROUGH WELLNESS-FOCUSED ACTIVITIES. HACR'S 2023 LES WAS HOSTED IN SCOTTSDALE, AZ ON MARCH 6-8 FOR AN IN-PERSON AUDIENCE.HACR'S EXECUTIVE PROGRAMS ("EP") - EP IS AN EDUCATIONAL OFFERING COMBINING HACR'S CORPORATE EXECUTIVE FORUM AND CORPORATE DIRECTORS FORUM CONFERENCES. THE CONSOLIDATION OF THESE TWO CONFERENCES WAS A PROGRAMMATIC READJUSTMENT RESPONDING TO THE 2020 GLOBAL PANDEMIC. THE REDESIGNED CONVENING OFFERS EDUCATIONAL LEADERSHIP DEVELOPMENT SESSIONS PRESENTED BY CEOS, CORPORATE BOARD DIRECTORS, DIVERSITY AND INCLUSION PROFESSIONALS, AND HISPANIC EXECUTIVES. THEY SHARE THEIR OWN EXPERIENCES WORKING IN CORPORATE AMERICA, REVEAL HOW ONE CAN POSITION ONESELF FOR SUCCESS, AND DISCUSS BEST PRACTICES RELATED TO HISPANIC INCLUSION AND EXECUTIVE LEADERSHIP. HACR'S 2023 EP WAS HOSTED IN SAN FRANSICO, CA ON JUNE 14-16 FOR AN IN-PERSON AUDIENCE.THE HACR LEADERSHIP PIPELINE PROGRAM ("LPP") WAS CREATED TO PROVIDE FORTUNE 500 COMPANIES A FORUM TO DEVELOP MID AND UPPER-LEVEL HISPANIC EXECUTIVES. THIS PROGRAM EXPANDS OPPORTUNITIES FOR HIGH-POTENTIAL TALENT TO NETWORK AND DEVELOP LEADERSHIP AND MANAGERIAL SKILLS TO TAKE THEM TO THE NEXT LEVEL AND POSITIVELY IMPACT THEIR RESPECTIVE COMPANIES. HACR'S 2023 LPP WAS HOSTED IN NEW ORLEANS, LA ON OCTOBER 23-25 FOR A HYBRID (IN-PERSON AND VIRTUAL) AUDIENCE.THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS PROGRAM ("YHCA") RECOGNIZES YOUNG EXECUTIVES IN CORPORATE AMERICA WHO HAVE SHOWN LEADERSHIP QUALITIES AT THEIR RESPECTIVE COMPANIES ALONG WITH A PROVEN COMMITMENT TO THE HISPANIC COMMUNITY. YHCA IS A NOMINATION-BASED PROGRAM FOR YOUNG PROFESSIONALS WHO IDENTIFY AS HISPANIC, BETWEEN THE AGES OF 25 AND 40, AND WORKING FOR FORTUNE 500 AND/OR HACR CORPORATE MEMBER COMPANIES. PARTICIPANTS COMPLETE AN INTENSIVE, TWO-MONTH LEADERSHIP DEVELOPMENT, EDUCATION, AND TRAINING CURRICULUM WITH VIRTUAL AND IN-PERSON COMPONENTS. THE 2023 HACR YHCA COHORT WAS HOSTED FROM MARCH 2023 TO JUNE 2023.HACR'S ADVANCING LATINO LEADERSHIP ("ALL") PROGRAM IS A CUSTOM DESIGNED OFFERING THAT DELIVERS A CAREER ADVANCEMENT EXPERIENCE FOCUSED ON THE LEADERSHIP CAPABILITIES, KNOWLEDGE, TOOLS, RESOURCES, MINDSET AND THE SKILLS NEEDED TO ADVANCE AT A SPECIFIC COMPANY. IT ALSO ALIGNS CONTENT AND CURRICULUM WITH THE DIVERSITY, EQUITY AND INCLUSION GOALS AND OBJECTIVES OF THE COMPANY. THE PROGRAM IS DESIGNED TO SPOTLIGHT LEADERSHIP EXPERIENCES AND PERSPECTIVES OF EXECUTIVES WHO IDENTIFY AS HISPANIC, AND USES DATA, TRENDS AND EXAMPLES OF LEADERSHIP BEST PRACTICES THROUGH AN AFFINITY-BASED LENS. THIS PROGRAM IS OFFERED ON-DEMAND, PRIMARILY THROUGH VIRTUAL CONTENT DELIVERY, THROUGHOUT THE YEAR.HACR'S LEARNING AND DEVELOPMENT OFFERINGS, LAUNCHED IN 2021, FOCUS ON CREATING EDUCATIONAL AND AFFINITY-BASED INTERACTIVE WORKSHOPS FOR CORPORATE LEADERSHIP TEAMS AND INDIVIDUAL EMPLOYEES CENTERED AROUND DIVERSITY, EQUITY, AND INCLUSION IN THE WORKPLACE. ALL CONTENT ADDRESSES THE LATINX EXPERIENCE OR CONTEXT FOR THE TOPIC ADDRESSED.

Program 3
Expenses: $271,042 Revenue: $2,683,000

MEMBERSHIPIN 2023 HACR HAD APPROXIMATELY 102 CORPORATE MEMBERS. THERE WERE THREE CLASSIFICATIONS OF MEMBERSHIP: VANGUARDIA MEMBER WITH ANNUAL DUES OF $50,000. GENERATIONS MEMBER WITH ANNUAL DUES OF...

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MEMBERSHIPIN 2023 HACR HAD APPROXIMATELY 102 CORPORATE MEMBERS. THERE WERE THREE CLASSIFICATIONS OF MEMBERSHIP: VANGUARDIA MEMBER WITH ANNUAL DUES OF $50,000. GENERATIONS MEMBER WITH ANNUAL DUES OF $25,000, AND ASSOCIATE MEMBER WITH ANNUAL DUES OF $15,000. HACR PROVIDES A PLATFORM FOR ITS MEMBERS TO DISCUSS AND IDENTIFY EFFECTIVE STRATEGIES, MODELS, TOOLS AND DATA FOR ACHIEVING GREATER INCLUSION AND PARTICIPATION OF HISPANICS IN THE AREAS OF EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE. ANTHROPY, AND GOVERNANCE.

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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 (2023)

Revenue Breakdown

Contributions & Grants $10,074
Program Service Revenue $5,309,357
Investment Income $157,457
Other Revenue $21,482
TOTAL REVENUE $5,498,370

Expense Breakdown

Grants Paid $0
Salaries & Benefits $2,177,398
Fundraising Expenses $0
Program Expenses $4,778,819
Other Expenses $3,561,425
TOTAL EXPENSES $5,738,823

Year-over-Year Comparison

2023 2022 Change
Revenue $5,498,370 $4,683,279 +0.2%
Expenses $5,738,823 $5,559,077 +0.0%
Net Income $-240,453 $-875,798 -0.7%
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
14
Independent Members
14
Employees
18
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
6
$501,059
Total Directors
16
$0
Key Employees
0
$0
Highest Compensated
3
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RAMIRO CAVAZOS BOARD CHAIR 1.00
Officer Director
$0 $0 $0
THOMAS SAVINO VICE CHAIR 1.00
Officer Director
$0 $0 $0
DELIA DE LA VARA TREASURER 1.00
Officer Director
$0 $0 $0
MARCO DAVIS SECRETARY 1.00
Officer Director
$0 $0 $0
JOHN VILLAMIL-CASANOVA MEMBER 1.00
Director
$0 $0 $0
AMY HINOJOSA MEMBER 1.00
Director
$0 $0 $0
MARY ANNE GOMEZ ORTA MEMBER 1.00
Director
$0 $0 $0
LUIS VASQUEZ CONTES MEMBER, UNTIL JULY 27, 2023 1.00
Director
$0 $0 $0
JUAN ANDRADE MEMBER 1.00
Director
$0 $0 $0
ANTONIO FLORES MEMBER 1.00
Director
$0 $0 $0
IGNACIO SALAZAR MEMBER 1.00
Director
$0 $0 $0
CHRIS WILKIE MEMBER, UNTIL FEB 16, 2023 1.00
Director
$0 $0 $0
ROGER ROCHA JR MEMBER 1.00
Director
$0 $0 $0
GABRIELA MUSIET MEMBER 1.00
Director
$0 $0 $0
MIGUEL ALEMANY MEMBER, FROM FEB 17, 2023 1.00
Director
$0 $0 $0
DAVID RODRIGUEZ MEMBER, FROM JULY 28,2023 1.00
Director
$0 $0 $0
CID WILSON PRESIDENT AND CEO 40.00
Officer
$264,881 $25,583 $290,464
SYLVIA PEREZ CASH EVP & CHIEF OPERATING OFFICER 40.00
Officer
$209,798 $797 $210,595
LISETTE GARCIA CHIEF RESEARCH OFFICER 40.00
Highest
$159,188 $16,734 $175,922
YAINDHY VARGAS VP, STRATEGIC INITIATIVES 40.00
Highest
$149,918 $18,919 $168,837
VANESSA BOWLING AJAVON VP, EXECUTIVE PROGRAMS 40.00
Highest
$148,365 $3,806 $152,171
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 No data No data No data No data
2023 $5,498,370 $5,738,823 $5,961,552 $-240,453
2022 $4,683,279 $5,559,077 $6,693,885 $-875,798
2021 $3,981,049 $2,813,898 $5,189,673 $1,167,151
2020 $3,208,256 $2,203,099 $3,895,814 $1,005,157
2019 $3,057,206 $3,132,724 $2,723,358 $-75,518
2018 $2,722,359 $3,118,379 $2,806,147 $-396,020
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