Hispanics In Energy

Organization Overview

Hispanics In Energy is located in Sacramento, CA. The organization was established in 2014. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanics In Energy 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 12/2023, Hispanics In Energy generated $281.0k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 19.0% each year . All expenses for the organization totaled $344.3k during the year ending 12/2023. While expenses have increased by 23.6% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2023

Describe the Organization's Mission:

Part 3 - Line 1

HIE IS A COMMUNITY DRIVEN NON-PROFIT NATIONAL ORGANIZATION DESIGNED TO ADVANCE AND INCREASE HISPANIC INCLUSION IN AMERICA'S ENERGY INDUSTRY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ADVOCACY & EDUCATION HIE ADVOCATES FOR, AND EDUCATES ON, DIVERSITY, EQUITY, AND INCLUSION OF HISPANICS AND LATINOS OF ALL RACES AND NATIONALITIES IN ENERGY-RELATED POLICYMAKING, FUNDING OPPORTUNITIES, AND LEGISLATION IMPACTING OUR NATIONS 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 PROPORTIONAL 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.


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 HBES, ENERGY COMPANIES, AND GOVERNMENT ENTITIES. THE PARTNERS ARE COMMITTED TO IDENTIFYING CERTIFICATION, PROCUREMENT, AND SUPPLIER DIVERSITY ISSUES IN THE ENERGY SECTOR THAT MUST BE ADDRESSED TO IMPROVE THESE MECHANISMS FOR HBES TO ACCESS SUPPLY CHAINS.


WORKFORCE DEVELOPMENTHISPANICS IN ENERGY (HIE) PROMOTES PARTNERSHIPS AND STRATEGIC ALLIANCES TO EXPAND AND ENSURE DIVERSITY, EQUITY, AND INCLUSION 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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Board, Officers & Key Employees

Name (title)Compensation
Jose L Perez
Pres, CEO & Dir
$59,750
Nancy Zarenda
Vp, Treas & Dir
$31,500
Olman Valverde
Secretary & Dir
$0
Joseph Dominguez
Chairman & Dir
$0
Hon Nelson Diaz
Vicechair & Dir
$0
Lewis Binswanger
Vicechair & Dir
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$170,000
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$58,206
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$228,206
Total Program Service Revenue$50,750
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 $281,013

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