Hispanic Association Of Colleges And Universities
- Assets
- $14.9m
- Revenue
- $14.6m
- Investments
- $0.0
- Employees
- 394
- Location
- San Antonio, TX
- Founding
- 02/1988
- Data as of
- 12/2021
- EIN
- 74-2466103
Organization Overview
Hispanic Association Of Colleges And Universities is located in San Antonio, TX. The organization was established in 1988. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. As of 12/2021, Hispanic Association Of Colleges And Universities employed 394 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Association Of Colleges And Universities 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 12/2021, Hispanic Association Of Colleges And Universities generated $14.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $9.3m during the year ending 12/2021. 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
HACU'S MISSION IS TO CHAMPION HISPANIC SUCCESS IN HIGHER EDUCATION.HACU FULFILLS ITS MISSION BY PROMOTING THE DEVELOPMENT OF MEMBER COLLEGES AND UNIVERSITIES, IMPROVING ACCESS TO AND THE QUALITY OF POST-SECONDARY EDUCATIONAL OPPORTUNITIES FOR HISPANIC STUDENTS, AND MEETING THE NEEDS OF BUSINESS, INDUSTRY AND GOVERNMENT THROUGH THE DEVELOPMENT AND SHARING OF RESOURCES, INFORMATION AND EXPERTISE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
STUDENTS AND FACULTY DEVELOPMENT AND SCHOLARSHIPS - ARE COLLABORATIVE PROJECTS FUNDED BY FEDERAL AGENCIES, CORPORATIONS, AND FOUNDATIONS IN CONJUNCTION WITH HISPANIC SERVING INSTITUTIONS (HSI). THE PROGRAM AWARDS SCHOLARSHIPS TO STUDENTS AND IS FUNDED BY VARIOUS CORPORATE AND FEDERAL SPONSORS.
STUDENT INTERNSHIP PROGRAM - HACU NATIONAL INTERNSHIP PROGRAM (HNIP) FACILITATES THE PLACING OF COLLEGE STUDENTS WHO HAVE DEMONSTRATED HIGH LEVELS OF ACADEMIC PERFORMANCE AND PERSONAL MOTIVATION IN INTERNSHIPS WITH VARIOUS AGENCIES OF THE FEDERAL GOVERNMENT AND CORPORATIONS. THE GOALS OF THE PROGRAM ARE TO PROVIDE STUDENTS WITH SIGNIFICANT EXPERIENTIAL EDUCATIONAL OPPORTUNITIES BY ASSISTING THE FEDERAL GOVERNMENT AND CORPORATIONS IN DEVELOPING AND DIVERSIFYING THEIR HUMAN RESOURCE POOLS.
CONFERENCES, EVENTS AND OTHERS - PROVIDES CONFERENCES AND WORKSHOPS DURING THE YEAR TO PROVIDE FOR THE DISSEMINATION OF INFORMATION AND SURVEYS RELATED TO THE GOALS AND MISSION OF HACU. THIS PROGRAM IS PRIMARILY FUNDED BY CONFERENCE FEES AND DONATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Antonio R Flores President & | Officer | 40 | $547,215 |
Lena Rodriguez SVP For Poli | 40 | $186,668 | |
Alicia Martinez VP Of Member | 40 | $112,716 | |
Imelda Bosquez Exec Assist | 40 | $109,014 | |
Erica Margarita Romero Asst VP St A | 40 | $107,370 | |
Magda Gonzalez CFO | Officer | 40 | $106,686 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Freeman Audio Visual Audio Visual Services | 12/30/16 | $234,245 |
Agency Nine Graphic Design | 12/30/16 | $102,080 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $2,840,805 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,310,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,782,606 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $12,933,824 |
| Total Program Service Revenue | $1,204,642 |
| Investment income | $107,058 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $305,625 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $14,551,149 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $352,250 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $735,681 |
| Compensation of current officers, directors, key employees. | $241,659 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,422,280 |
| Pension plan accruals and contributions | $297,937 |
| Other employee benefits | $199,860 |
| Payroll taxes | $496,209 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $312,660 |
| Advertising and promotion | $77,660 |
| Office expenses | $25,041 |
| Information technology | $91,895 |
| Royalties | $0 |
| Occupancy | $533,424 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $300,187 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $34,404 |
| All other expenses | $110,449 |
| Total functional expenses | $9,292,423 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,724,015 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,021,993 |
| Accounts receivable, net | $298,111 |
| 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 | $188,551 |
| Net Land, buildings, and equipment | $1,200,483 |
| Investments—publicly traded securities | $7,433,215 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $42,812 |
| Total assets | $14,909,180 |
| Accounts payable and accrued expenses | $484,035 |
| Grants payable | $0 |
| Deferred revenue | $1,610,985 |
| 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 | $2,095,020 |
| Net assets without donor restrictions | $8,662,037 |
| Net assets with donor restrictions | $4,152,123 |
| 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 | $14,909,180 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hispanic Association Of Colleges And Universities has recieved totaling $130,151.
| Awarding Organization | Amount |
|---|---|
Ford Motor Co Fund Dearborn, MI PURPOSE: MULTI-CULTURAL | $100,000 |
California State University Foundation Long Beach, CA PURPOSE: SPONSORSHIP FOR GREAT MINDS IN STEM 2022 NATIONAL CONFERENCE OCTOBER 2022 | $15,000 |
The Coca-Cola Foundation Inc Atlanta, GA PURPOSE: COCA-COLA FIRST GENERATION SCHOLARSHIP | $15,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $151 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Meridian Corporation Austin, TX | $22,335,966 | $20,374,244 |
Belle Chasse Academy Inc Belle Chasse, LA | $29,416,847 | $17,545,847 |
Village Tech Schools Duncanville, TX | $32,290,922 | $14,785,373 |
Bexar County Performing Arts Center Foundation San Antonio, TX | $183,646,136 | $8,087,390 |
Leading Educators Inc New Orleans, LA | $10,160,201 | $9,461,961 |
Hispanic Association Of Colleges And Universities San Antonio, TX | $14,909,180 | $14,551,149 |
Passages America Israel Inc Allen, TX | $8,997,691 | $7,060,714 |
Extend-A-Care Inc Austin, TX | $4,350,683 | $9,102,758 |
Educate Girls Austin, TX | $42,960,470 | $14,126,525 |
Evolution Acadamy Richardson, TX | $15,542,643 | $6,925,248 |
Oklahoma Public School Resource Center Inc Oklahoma City, OK | $4,660,216 | $8,536,647 |
Prime Time Family Reading New Orleans, LA | $2,481,247 | $6,549,424 |