Hispanic Association On Corporate Responsibility
- Assets
- $5.2m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 16
- Location
- Washington, DC
- Founding
- 09/1987
- Data as of
- 12/2021
- EIN
- 85-0356947
Organization Overview
Hispanic Association On Corporate Responsibility is located in Washington, DC. The organization was established in 1987. According to its NTEE Classification (R22) the organization is classified as: Minority Rights, under the broad grouping of Civil Rights, Social Action & Advocacy and related organizations. As of 12/2021, Hispanic Association On Corporate Responsibility employed 16 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Association On Corporate Responsibility 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 On Corporate Responsibility generated $4.0m 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 $2.8m during the year ending 12/2021. While expenses have increased by 2.3% 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
TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
LEADERSHIP AND EDUCATION: HACR YOUNG HISPANIC CORPORATE ACHIEVERS PROGRAM ("YHCA") - HELD ANNUALLY, YHCA RECOGNIZES YOUNG EXECUTIVES IN CORPORATE AMERICA WHO HAVE SHOWN LEADERSHIP QUALITIES AT THEIR RESPECTIVE COMPANIES ALONG WITH A PROVEN COMMITMENT TO THE HISPANIC COMMUNITY. YHCA ACKNOWLEDGES YOUNG HISPANICS BETWEEN THE AGES OF 25 AND 40 WORKING FOR FORTUNE 500 AND/OR HACR CORPORATE MEMBER COMPANIES WHO PARTICIPATE IN AN INTENSIVE MULTI-DAY LEADERSHIP DEVELOPMENT, EDUCATION, AND TRAINING CONFERENCE. THE 2021 YHCA PROGRAM WAS CONDUCTED VIRTUALLY DUE TO THE GLOBAL PANDEMIC.LATINA EMPOW(H)ER SUMMIT ("LES") - HACR'S 2021 LATINA EMPOW(H)ER SUMMIT WAS HELD VIRTUALLY ON MARCH 9-10, 2021 WITH 271 ATTENDEES. THIS EVENT BRINGS TOGETHER LATINA EXECUTIVES, WHO GATHERED FOR A UNIQUE OPPORTUNITY TO DEVELOP THEIR LEADERSHIP AND MANAGERIAL SKILLS THROUGH A SERIES OF CURATED WORKSHOPS AND DISCUSSIONS. ATTENDEES WERE ALSO ENCOURAGED TO RECHARGE WITH VIRTUAL WELLNESS-FOCUSED ACTIVITIES.EXECUTIVE PROGRAMS ("EP") - EP IS AN EDUCATIONAL OFFERING COMBINING HACR'S CORPORATE EXECUTIVE FORUM AND CORPORATE DIRECTORS FORUM CONFERENCES. THE CONSOLIDATION OF THESE TWO CONFERENCES WAS A PROGRAMMATIC READJUSTMENT RESPONDING TO THE 2020 GLOBAL PANDEMIC. THE EP CONFERENCE OFFERS EDUCATIONAL LEADERSHIP DEVELOPMENT SESSIONS PRESENTED BY CEOS AND CORPORATE BOARD DIRECTORS FROM FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES, DIVERSITY AND INCLUSION PROFESSIONALS, AND HISPANIC EXECUTIVES. THEY SHARE THEIR OWN EXPERIENCES WORKING IN CORPORATE AMERICA, REVEAL HOW ONE CAN POSITION ONESELF FOR SUCCESS, AND DISCUSS BEST PRACTICES RELATED TO HISPANIC INCLUSION AND EXECUTIVE LEADERSHIP. IN 2021, HACR'S EP WAS CONDUCTED VIRTUALLY WITH OVER 288 ATTENDEES.HACR LEADERSHIP PIPELINE PROGRAM ("LPP") THE LPP WAS CREATED TO PROVIDE FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES A FORUM TO DEVELOP MID AND UPPER LEVEL HISPANIC EXECUTIVES. THIS PROGRAM BUILDS UPON THE LEGACY AND SUCCESS OF THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS, EXPANDING OPPORTUNITIES FOR HIGH-POTENTIAL TALENT TO NETWORK AND DEVELOP LEADERSHIP AND MANAGERIAL SKILLS TO TAKE THEM TO THE NEXT LEVEL AND POSITIVELY IMPACT THEIR RESPECTIVE COMPANIES. IN 2021 HACR'S LPP WAS CONDUCTED VIRTUALLY WITH OVER 812 ATTENDEES.
SYMPOSIUM AND CONFERENCE: HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR STIMULATING DISCUSSIONS AND TO AMBITIOUSLY SEEK WAYS TO ADVANCE HISPANIC INCLUSION IN CORPORATE AMERICA. CONFERENCE PARTICIPANTS, REPRESENTING THE MOST HIGHLY RESPECTED AND RECOGNIZED FORTUNE 500 COMPANIES, COME TOGETHER FOR THE COMMON PURPOSE OF PROMOTING BEST PRACTICES, ADDRESSING CORPORATE SOCIAL RESPONSIBILITY AS IT RELATES TO HISPANIC INCLUSION IN THEIR RESPECTIVE ORGANIZATIONS, AND TO EXPLORE THE PRESENT AND FUTURE ROLES OF HISPANICS AS CORPORATE AND COMMUNITY LEADERS. HACR'S 2021 SYMPOSIUM WAS CONDUCTED VIRTUALLY WITH NEARLY 780 ATTENDEES.
MEMBERSHIP SERVICES: MEMBERSHIP - IN 2021 HACR HAD APPROXIMATELY 115 FORTUNE 500 CORPORATE MEMBERS. THERE WERE TWO CLASSIFICATIONS OF MEMBERS: GENERATIONS MEMBER WITH ANNUAL DUES OF $25,000, AND ASSOCIATE MEMBER WITH ANNUAL DUES OF $15,000. HACR PROVIDES A PLATFORM FOR ITS MEMBERS TO DISCUSS AND IDENTIFY EFFECTIVE STRATEGIES, MODELS, TOOLS AND DATA FOR ACHIEVING GREATER INCLUSION AND PARTICIPATION OF HISPANICS IN THE AREAS OF EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE.LEARNING & DEVELOPMENT - LAUNCHED IN 2021, HACR'S LEARNING AND DEVELOPMENT OFFERINGS FOCUS ON CREATING EDUCATIONAL AND AFFINITY-BASED INTERACTIVE WORKSHOPS FOR CORPORATE LEADERSHIP TEAMS AND INDIVIDUAL EMPLOYEES CENTERED AROUND DIVERSITY, EQUITY AND INCLUSION IN THE WORKPLACE. ALL CONTENT ADDRESSES THE LATINX EXPERIENCE OR CONTEXT FOR THE TOPIC ADDRESSED. OFFERINGS INCLUDE INDIVIDUAL TRAININGS AND A CUSTOMIZABLE, IN-HOUSE LEADERSHIP ADVANCEMENT PROGRAM.
RESEARCH AND PUBLICATIONS: CORPORATE INCLUSION INDEX ("CII") THE HACR RESEARCH INSTITUTE CONDUCTS AND PUBLISHES RESEARCH ON ISSUES IMPACTING THE HISPANIC COMMUNITY IN THE UNITED STATES AND PUERTO RICO. THROUGH ITS RESEARCH INSTITUTE, HACR PUBLISHES THE ANNUAL CII REPORT, WHICH FEATURES THE FINDINGS OF HISPANIC INCLUSION ACROSS CORPORATE AMERICA. THE SURVEY RESULTS ARE A CRUCIAL PART OF HACR'S ACCOUNTABILITY STRATEGY, ALLOWING FOR EVALUATION OF CORPORATIONS' PRACTICES IN FOUR AREAS OF SOCIAL AND ECONOMIC RECIPROCITY: EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cid Wilson President And CEO | Officer | 40 | $317,853 |
Sylvia Perez Cash Sr. VP And COO | Officer | 40 | $170,486 |
Gabriela Musiet Director Then Secretary As Of November 2021 | OfficerTrustee | 1 | $0 |
Delia DE La Vara Treasurer As Of November 2021 | OfficerTrustee | 1 | $0 |
Raquel Tamez Vice Chair Until March 2021 | OfficerTrustee | 1 | $0 |
Thomas Savino Secretary Then Vice Chair As November 2021 | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $16,594 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,594 |
| Total Program Service Revenue | $3,792,913 |
| Investment income | $39,872 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $49,727 |
| Net Gain/Loss on Asset Sales | $71,469 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,981,049 |
| 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. | $498,891 |
| Compensation of current officers, directors, key employees. | $105,875 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $708,852 |
| Pension plan accruals and contributions | $42,010 |
| Other employee benefits | $83,906 |
| Payroll taxes | $86,675 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $27,989 |
| Fees for services: Accounting | $132,004 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $25,337 |
| Fees for services: Other | $206,985 |
| Advertising and promotion | $0 |
| Office expenses | $97,838 |
| Information technology | $70,407 |
| Royalties | $0 |
| Occupancy | $201,276 |
| Travel | $167,718 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $190,299 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $73,643 |
| Insurance | $13,821 |
| All other expenses | $0 |
| Total functional expenses | $2,813,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,082,311 |
| Savings and temporary cash investments | $66,211 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $526,670 |
| 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 | $368,209 |
| Net Land, buildings, and equipment | $130,669 |
| Investments—publicly traded securities | $2,974,378 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $41,225 |
| Total assets | $5,189,673 |
| Accounts payable and accrued expenses | $111,655 |
| Grants payable | $0 |
| Deferred revenue | $509,300 |
| 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 | $129,733 |
| Total liabilities | $750,688 |
| Net assets without donor restrictions | $2,826,555 |
| Net assets with donor restrictions | $1,612,430 |
| 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 | $5,189,673 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Hispanic Association On Corporate Responsibility has recieved totaling $200,322.
| Awarding Organization | Amount |
|---|---|
Pepsico Foundation Inc Purchase, NY PURPOSE: GENERAL SUPPORT | $100,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $50,317 |
Ford Motor Co Fund Dearborn, MI PURPOSE: MULTI-CULTURAL | $50,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $1,394,137 |
| Earnings | $218,293 |
| Ending Balance | $1,612,430 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Congress Of American Indians Washington, DC | $22,096,750 | $10,230,979 |
Congressional Black Caucus Foundation Inc Washington, DC | $27,522,852 | $16,990,320 |
Lulac National Educational Service Centers Inc Washington, DC | $2,152,455 | $9,352,585 |
Congressional Hispanic Caucus Institute Inc Washington, DC | $24,437,855 | $9,652,744 |
National Association For The Advancement Of Colored People Baltimore, MD | $34,744,473 | $15,559,685 |
National Action Council For Minorities In Engineering Inc Alexandria, VA | $24,460,984 | $4,503,129 |
Minority Corporate Counsel Association Inc Washington, DC | $7,066,542 | $4,466,534 |
National Black Caucus Of State Legislators Washington, DC | $4,139,916 | $3,218,552 |
Hispanic Association On Corporate Responsibility Washington, DC | $5,189,673 | $3,981,049 |
Voto Latino Foundation Inc Washington, DC | $3,458,506 | $3,696,616 |
National Association Of Minority Automobile Dealers Largo, MD | $1,972,184 | $2,803,390 |
The Arab American Institute Foundation Washington, DC | $248,504 | $1,156,774 |