Hispanic Leadership Initiative
- Assets
- $46.0k
- Revenue
- $124.2k
- Investments
- $0.0
- Employees
- 3
- Location
- Charlotte, NC
- Founding
- 07/2012
- Data as of
- 06/2023
- EIN
- 45-4305552
Organization Overview
Hispanic Leadership Initiative is located in Charlotte, NC. The organization was established in 2012. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. As of 06/2023, Hispanic Leadership Initiative employed 3 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Leadership Initiative 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 06/2023, Hispanic Leadership Initiative generated $124.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (11.5%) each year. All expenses for the organization totaled $132.9k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 3 years. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE VISION AT HLI IS TO SEE HISPANIC GOSPEL LEADERS' MULTIPLICATION, RENEWAL, AND MOBILIZATION IN THE UNITED STATES. WE ACCOMPLISH THIS BY INVESTING IN THE MULTIPLICATION OF HISPANIC GOSPEL LEADERS, PROVIDING RESOURCES AND SUPPORT TO SEE HISPANIC PASTORS FLOURISH AND BE RENEWED, AND INVESTING IN SCHOLARSHIPS, INTERNSHIPS, AND APPRENTICESHIPS FOR THE NEW GENERATION OF HISPANIC GOSPEL LEADERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TRAIN AND PREPARE HISPANIC MEN AND WOMEN FOR LEADERSHIP ROLES IN MINISTRIES THROUGH INTERNSHIPS, APPRENTICESHIPS, AND CREATING SCHOLARSHIPS FOR THEOLOGICAL EDUCATION.
WE PROVIDE AND SUPPORT THE SPIRITUAL RENEWAL OF PASTORS THROUGH CREATING RETREATS, PROVIDING COUNSELING RESOURCES, AND DEPLOYING REGIONAL SOUL-RENEWING PASTORAL GATHERINGS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eugene Bowman Executive Director | OfficerTrustee | 40 | $54,212 |
Jose Portillo Executive Director | OfficerTrustee | 10 | $17,500 |
Victor Carrillo President | Officer | 4 | $0 |
Jerry Gibson Vice-President | Officer | 4 | $0 |
Victor Martinez Member At Large | Officer | 4 | $0 |
Joe Duran Treasurer & Secretary | Officer | 4 | $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 | $124,162 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $124,162 |
| Total Program Service Revenue | $0 |
| 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 | $124,162 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $44,480 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $71,712 |
| Compensation of current officers, directors, key employees. | $71,712 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $5,000 |
| Other employee benefits | $0 |
| Payroll taxes | $4,882 |
| Fees for services: Management | $1,350 |
| Fees for services: Legal | $350 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $916 |
| Office expenses | $1,350 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,250 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $275 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $132,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| 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 | $45,988 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $45,988 |
| 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 | $45,988 |
Grants Awarded
Over the last fiscal year, Hispanic Leadership Initiative has awarded $31,457 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
PCA REFORMED UNIVERSITY FELLOWSHIP PURPOSE: Tuition support for student | $6,800 |
PCA MISSION TO NORTH AMERICA PURPOSE: Internship support | $11,000 |
GREENVILLE PRESBYTERIAN THEOLOGICAL SEMINARY PURPOSE: Tuition assistance for student | $7,720 |
REFORMED THEOLOGICAL SEMINARY - DALLAS CAMPUS PURPOSE: Tuition Assistance for Student | $5,937 |