National Hispanic Medical Association
- Assets
- $1.3m
- Revenue
- $3.0m
- Investments
- $0.0
- Employees
- 17
- Location
- Washington, DC
- Founding
- 06/2002
- Data as of
- 12/2021
- EIN
- 52-1884446
Organization Overview
National Hispanic Medical Association is located in Washington, DC. The organization was established in 2002. According to its NTEE Classification (S03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, National Hispanic Medical Association employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. National Hispanic Medical Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, National Hispanic Medical Association generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.2% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 6.1% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ESTABLISHED IN 1994, IN WASHINGTON, DC, NHMA IS A NONPROFIT ASSOCIATION REPRESENTING 50,000 LICENSED HISPANIC PHYSICIANS IN THE U.S. NHMA'S MISSION IS TO EMPOWER HISPANIC PHYSICIANS TO LEAD EFFORTS TO IMPROVE THE HEALTH OF HISPANIC AND OTHER UNDERSERVED POPULATIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTS NHMA PROGRAMS - VARIOUS PROGRAMS FOR PHYSCIANS AND THE LATINO COMMUNITY
REGIONAL CHAPTER EVENTS - CHAPTERS IN DC, CHICAGO, NY, MIAMI, TEXAS, INDIANAPOLIS, GULF COAST, EL PASO, RIO GRAND, NO CALIFORNIA, SO CALIFORNIA, PHOENIX AND BOSTON, PHILADELPHA
ANNUAL CONFERENCE - MEDICAL CONFERENCE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elena Rios MD Msph President And CEO | Officer | 40 | $199,881 |
Bert Johansson MD PHD Treasurer | OfficerTrustee | 1 | $0 |
Nereida Correa MD MPH Chairwoman | OfficerTrustee | 1 | $0 |
Diana Ramos MD MPH Secretary | OfficerTrustee | 1 | $0 |
Carlos Corral MD Facs Board Member | Trustee | 1 | $0 |
Maria Carrasco MD MPH Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $890,270 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,657,491 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,547,761 |
| Total Program Service Revenue | $247,574 |
| Investment income | $22,195 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $152,685 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,970,215 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $199,881 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $670,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $121,823 |
| Payroll taxes | $67,544 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $77,257 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $393,276 |
| Advertising and promotion | $29,139 |
| Office expenses | $56,343 |
| Information technology | $2,932 |
| Royalties | $0 |
| Occupancy | $148,200 |
| Travel | $66,418 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,228 |
| Insurance | $5,213 |
| All other expenses | $32,534 |
| Total functional expenses | $1,996,251 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $780,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $409,100 |
| 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 | $580 |
| Net Land, buildings, and equipment | $50,671 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $94,855 |
| Total assets | $1,336,182 |
| Accounts payable and accrued expenses | $232,084 |
| Grants payable | $0 |
| Deferred revenue | $184,310 |
| 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 | $151,822 |
| Total liabilities | $568,216 |
| Net assets without donor restrictions | $767,966 |
| 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 | $1,336,182 |
Grants Awarded
Over the last fiscal year, National Hispanic Medical Association has awarded $66,370 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
Cambridge, MA PURPOSE: GENERAL SUPPORT | $56,734 |
UNIVERSITY OF TEXAS ARLINGTON PURPOSE: GENERAL SUPPORT | $6,136 |
San Francisco, CA PURPOSE: GENERAL SUPPORT | $3,500 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that National Hispanic Medical Association has recieved totaling $211,000.
| Awarding Organization | Amount |
|---|---|
Partnership Project Inc Washington, DC PURPOSE: PROGRAM SUPPORT | $60,000 |
Aarp Washington, DC PURPOSE: Sponsorship of the virtual public education for COVID-19 and Latino's webinars and scholarship & mentoring program | $51,000 |
American Medical Association Chicago, IL PURPOSE: HEALTH EQUITY STRATEGIC DEVELOPMENT GRANT | $50,000 |
Biotechnology Innovation Organization Washington, DC PURPOSE: AWARD | $30,000 |
American Medical Association Chicago, IL PURPOSE: MARGINALIZED/MINORITIZED PHYSICIAN GROUP GRANT | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ocean Pines Association Inc Berlin, MD | $44,855,857 | $18,056,839 |
Pipeline Research Council International Inc Chantilly, VA | $19,057,089 | $17,544,537 |
American Association Of University Professors Washington, DC | $14,341,137 | $8,888,177 |
Virginia Society Of Certified Public Accountants Glen Allen, VA | $7,638,918 | $5,705,008 |
Pipe Line Contractors Association Arlington, VA | $3,589,636 | $6,412,897 |
Maryland Association Of Certified Public Accountants Towson, MD | $5,874,281 | $4,922,234 |
Learning Undefeated Inc Gaithersburg, MD | $6,516,289 | $2,709,054 |
National Utility Contractors Association Inc Fairfax, VA | $2,626,638 | $2,535,336 |
Bbb Wise Giving Alliance Arlington, VA | $1,735,279 | $2,119,242 |
National Hispanic Medical Association Washington, DC | $1,336,182 | $2,970,215 |
Women Business Leaders Of The U S Health Care Industry Foundation Arlington, VA | $1,419,085 | $1,982,978 |
Society Of Professional Benefit Administrators Chevy Chase, MD | $2,782,402 | $1,913,779 |