Hispanic Professionals Of Greater Milwaukee Inc
- Assets
- $831.9k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Milwaukee, WI
- Founding
- 03/2006
- Data as of
- 12/2022
- EIN
- 90-0098434
Organization Overview
Hispanic Professionals Of Greater Milwaukee Inc is located in Milwaukee, WI. The organization was established in 2006. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Hispanic Professionals Of Greater Milwaukee Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hispanic Professionals Of Greater Milwaukee Inc 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 12/2022, Hispanic Professionals Of Greater Milwaukee Inc generated $1.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $603.6k during the year ending 12/2022. While expenses have increased by 2.8% 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO CREATE A DYNAMIC ENVIRONMENT FOR HISPANIC PROFESSIONALS TO THRIVE BY FOSTERING LEADERSHIP, MENTORING, EDUCATION, NETWORKING, AND NEW INITIATIVES THAT SUPPORT HISPANICS AND HISPANIC BUSINESSES.
Describe the Organization's Program Activity:
THE MISSION OF HPGM IS TO PROMOTE HISPANIC ADVANCEMENT IN THE MILWAUKEE AREA BY CONNECTING AND UNITING HISPANIC PROFESSIONALS, STUDENTS AND THE COMMUNITY WITH RICH HERITAGE, STRONG LEADERSHIP, AND IMPACTFUL INITIATIVES. HPGM SERVES MORE THAN 2,200 STUDENTS AND PROFESSIONALS ANNUALLY BY PROVIDING ACCESS TO JOBS AND INTERNSHIPS, SCHOLARSHIPS, LEADERSHIP DEVELOPMENT, AND MENTORING OPPORTUNITIES. WE WORK WITH 36 CORPORATIONS, 8 INSTITUTIONS OF HIGHER EDUCATION, AND MORE THAN 50 COMMUNITY PARTNERS TO BREAK DOWN BARRIERS AND EMPOWER DIVERSE LEADERS.
THE HPGM SCHOLARSHIP PROGRAM WAS CREATED TO ADDRESS THE ADDITIONAL FINANCIAL BARRIERS THAT MANY HISPANIC AND LATINO STUDENTS FACE IN THE PURSUIT OF POST-SECONDARY EDUCATION OR TRAINING. THE SCHOLARSHIP PROGRAM STRIVES TO SUPPORT THE EDUCATION, RETENTION, AND GRADUATION OF LATINO AND HISPANIC STUDENTS. THE SCHOLARSHIP IS OPEN TO STUDENTS PURSUING TWO-YEAR, UNDERGRADUATE, AND ADVANCED DEGREES IN WISCONSIN.EVERY YEAR, OUR HIGHER EDUCATION PARTNERS AND SCHOLARSHIP SPONSORS DEMONSTRATE THEIR COMMITMENT TO LATINO STUDENTS BY MATCHING SCHOLARSHIP FUNDS 1:1. IN PARTNERSHIP WITH SIX MILWAUKEE-AREA INSTITUTIONS, WHO MATCH HPGM DESIGNATED SCHOLARSHIP FUNDS, APPROXIMATELY 20 SCHOLARSHIPS ARE AWARDED AT THE CONCLUSION OF THE SPRING SEMESTER..
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alvaro Araque President | OfficerTrustee | 1 | $0 |
Jesus Gonzalez Vice Chair | OfficerTrustee | 1 | $0 |
Nancy Flagg Treasurer (thru 12/2022) | OfficerTrustee | 1 | $0 |
Christopher Schreiber Secretary | OfficerTrustee | 1 | $0 |
Wilma Bonaparte Director (thru 12/2022) | Trustee | 1 | $0 |
Carmen Decot Director (thru 12/2022) | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $459,498 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $517,824 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $977,322 |
| Total Program Service Revenue | $92,696 |
| Investment income | $231 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$62,847 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,024,248 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,500 |
| Grants and other assistance to domestic individuals. | $46,810 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $108,114 |
| Compensation of current officers, directors, key employees. | $64,868 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $114,258 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,013 |
| Payroll taxes | $16,611 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $34,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $106,174 |
| Advertising and promotion | $56,032 |
| Office expenses | $34,901 |
| Information technology | $3,062 |
| Royalties | $0 |
| Occupancy | $31,438 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $28,667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,614 |
| All other expenses | $8,839 |
| Total functional expenses | $603,633 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $234,652 |
| Savings and temporary cash investments | $126,479 |
| Pledges and grants receivable | $409,500 |
| Accounts receivable, net | $1,958 |
| 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 | $13,507 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $45,777 |
| Total assets | $831,873 |
| Accounts payable and accrued expenses | $43,723 |
| Grants payable | $0 |
| Deferred revenue | $43,292 |
| 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 | $45,307 |
| Total liabilities | $132,322 |
| Net assets without donor restrictions | $247,051 |
| Net assets with donor restrictions | $452,500 |
| 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 | $831,873 |