California Hispanic Chambers Of
- Assets
- $921.6k
- Revenue
- $1.6m
- Investments
- $0.0
- Employees
- 11
- Location
- Sacramento, CA
- Founding
- 05/1985
- Data as of
- 12/2023
- EIN
- 68-0046058
Organization Overview
California Hispanic Chambers Of is located in Sacramento, CA. The organization was established in 1985. According to its NTEE Classification (A23) the organization is classified as: Cultural & Ethnic Awareness, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2023, California Hispanic Chambers Of employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. California Hispanic Chambers Of 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 12/2023, California Hispanic Chambers Of generated $1.6m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 9.7% each year. All expenses for the organization totaled $1.7m during the year ending 12/2023. While expenses have increased by 9.3% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PROMOTE HISPANIC BUSINESS, CREATE AN ATMOSPHERE THAT ENCOURAGES THE GROWTH OF THE HISPANIC BUSINESS COMMUNITY AND TO ACT AS AN ADVOCATE FOR THE HISPANIC BUSINESS COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ANNUAL CONVENTION: THE CHCC STATEWIDE CONVENTION IS THE PREMIER HISPANIC AND SMALL BUSINESS CONVENTION IN CALIFORNIA, OFFERING PARTICIPANTS THE OPPORTUNITY TO LEARN THE LATEST TRENDS IN BUSINESS DEVELOPMENT AND GAIN INSIGHT INTO GROWING AND MAINTAINING A SUCCESSFUL BUSINESS. IN 2022, CONVENTION PARTICIPANTS WERE EXPOSED TO SOME OF THE MOST DYNAMIC, ENTERPRISING AND INFORMATIVE SPEAKERS DISCUSSING CURRENT ISSUES PERTINENT TO THE ECONOMIC GROWTH AND DEVELOPMENT OF CALIFORNIA BUSINESS AND OUR COMMUNITIES.
BUSINESS POLICY SUMMIT/LEGISLATIVE DAY: WITH THE ASSISTANCE OF POLICY MAKERS, CORPORATE BUSINESS, EDUCATIONAL AND COMMUNITY LEADERS, THE CHCC WILL PROVIDE A FORUM FOR PARTICIPANTS TO ENGAGE IN THE LEGISLATIVE PROCESS, DISCUSS ISSUES THAT AFFECT ALL HISPANIC BUSINESSES IN THE STATE, AND EXEMPLIFY HOW HISPANICS PLAY SIGNIFICANT ROLES IN CALIFORNIA'S ECONOMY.
MEMBERSHIP: THE CHCC IS THE LEADING REGIONAL HISPANIC AND ETHNIC BUSINESS ORGANIZATION IN THE NATION WITH A NETWORK OF OVER 100 CHAMBERS AND ASSOCIATIONS REPRESENTING THE INTEREST OF CALIFORNIA'S 815,000 HISPANIC OWNED BUSINESSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julian Canete CEO | Officer | 10 | $146,530 |
Oscar Garcia Sr. Vice President | 39 | $75,577 | |
Gema Gonzalez-Macias Chief Of Staff | 30 | $53,065 | |
Bob Gutierrez Chairman | Trustee | 10 | $0 |
Veronica Corona Vice Chairwoman | Trustee | 5 | $0 |
Raul Hernandez Treasurer | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $255,600 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,264 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $260,864 |
| Total Program Service Revenue | $907,761 |
| 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 | $1,614,483 |
| 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. | $323,929 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $260,118 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $15,624 |
| Payroll taxes | $37,672 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,594 |
| Fees for services: Accounting | $44,512 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $142,106 |
| Advertising and promotion | $0 |
| Office expenses | $67,849 |
| Information technology | $20,457 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $50,817 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $22,697 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $684 |
| Insurance | $2,239 |
| All other expenses | $50,893 |
| Total functional expenses | $1,662,394 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $98,001 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $370,456 |
| 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 | $40,810 |
| Net Land, buildings, and equipment | $2,779 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $406,179 |
| Other assets | $3,339 |
| Total assets | $921,564 |
| Accounts payable and accrued expenses | $127,273 |
| Grants payable | $0 |
| Deferred revenue | $30,000 |
| 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 | $571,916 |
| Total liabilities | $729,189 |
| Net assets without donor restrictions | $192,375 |
| 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 | $921,564 |