Civic Intelligence

Hacia Scholarship Foundation

990 • Fiscal year 2019 • EIN 13-4202864

Jan 01, 2019 to Dec 31, 2019 • Filed on Nov 13, 2020

650 W Lake Street Suite 415Chicago, IL 60661

(312) 575-0389

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.60x

Higher debt load relative to assets than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

91st percentile

0.37x

Higher debt load relative to revenue than 91% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.7%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

99th percentile

$169,350

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 49.5% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

31st percentile

-8.1%

Faster asset growth than 31% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

11th percentile

-44%

Faster revenue growth than 11% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$212,065

Down $18,759 (-8.1%) from 2018

Net Assets

Up

$85,727

Up $5,955 (+7.5%) from 2018

Liabilities

Down

$126,338

Down $24,714 (-16%) from 2018

Revenue

Down

$342,236

Down $274,108 (-44%) from 2018

Expenses

Down

$336,281

Down $253,535 (-43%) from 2018

Net Income

Down

$5,955

Down $20,573 (-78%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2014: $1,426,979Liabilities 2014: $1,386,332Net Assets 2014: $40,6472014Assets 2015: $828,870Liabilities 2015: $771,826Net Assets 2015: $57,0442015Assets 2016: $158,964Liabilities 2016: $102,455Net Assets 2016: $56,5092016Assets 2017: $154,313Liabilities 2017: $101,069Net Assets 2017: $53,2442017Assets 2018: $230,824Liabilities 2018: $151,052Net Assets 2018: $79,7722018Assets 2019: $212,065Liabilities 2019: $126,338Net Assets 2019: $85,7272019Assets 2020: $87,995Liabilities 2020: $15,000Net Assets 2020: $72,9952020Assets 2021: $104,274Liabilities 2021: $40Net Assets 2021: $104,2342021Assets 2022: $405,092Liabilities 2022: $9,450Net Assets 2022: $395,6422022Assets 2023: $557,834Liabilities 2023: $32,947Net Assets 2023: $524,8872023Assets 2024: $253,680Liabilities 2024: $83,252Net Assets 2024: $170,4282024

Highlighted filing

2019

Assets$212,065
Liabilities$126,338
Net Assets$85,727

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KRevenue 2014: $284,354Expenses 2014: $287,322Net Income 2014: -$2,9682014Revenue 2015: $863,866Expenses 2015: $847,469Net Income 2015: $16,3972015Revenue 2016: $691,952Expenses 2016: $692,487Net Income 2016: -$5352016Revenue 2017: $397,358Expenses 2017: $400,623Net Income 2017: -$3,2652017Revenue 2018: $616,344Expenses 2018: $589,816Net Income 2018: $26,5282018Revenue 2019: $342,236Expenses 2019: $336,281Net Income 2019: $5,9552019Revenue 2020: $46,365Expenses 2020: $59,097Net Income 2020: -$12,7322020Revenue 2021: $84,280Expenses 2021: $53,041Net Income 2021: $31,2392021Revenue 2022: $355,252Expenses 2022: $63,844Net Income 2022: $291,4082022Revenue 2023: $435,291Expenses 2023: $306,046Net Income 2023: $129,2452023Revenue 2024: $63,839Expenses 2024: $418,298Net Income 2024: -$354,4592024

Highlighted filing

2019

Revenue$342,236
Expenses$336,281
Net Income$5,955
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$410,320
Mission and Program Overview

Mission

The Organization provides educational opportunities to aid minority construction firms, and represents and promotes the interests of its constituency.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$114,815$128,658▲ $13,843
Cash and Non-Interest-Bearing Accounts$84,853$74,214▼ $10,639
Prepaid Expenses and Deferred Charges$3,767$7,350▲ $3,583
Savings and Temporary Cash Investments$27,389$1,843▼ $25,546
Total Assets$230,824$212,065▼ $18,759
Liabilities
Accounts Payable and Accrued Expenses$151,052$116,338▼ $34,714
Deferred Revenue-$10,000-
Total Liabilities$151,052$126,338▼ $24,714
Net Assets / Fund Balance
Total Net Assets Fund Balance$79,772$85,727▲ $5,955
Total Liabilities and Net Assets / Fund Balance$230,824$212,065▼ $18,759
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Jose PerezExecutive DirectorFT$169,350$169,350

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$40,270
Program Service Revenue
$290,340
Investment Income
$9
Other Revenue
$11,617
Change in Net Assets
$5,955

Audited Revenue Reconciliation

Revenue per Audited Statements
$342,236
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$342,236
Total Revenue per Form 990
$342,236
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$296,281
Grants and Similar Amounts Paid$40,000
Total Fundraising Expense$1,792
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Expenses$290,610--$290,610
Grants to Domestic Individuals$40,000--$40,000
Office Expenses$1,043$2,088$1,043$4,174
Fees for Services Legal$186$372$186$744
Advertising--$500$500
Insurance$63$127$63$253
Total Functional Expenses$331,902$2,587$1,792$336,281

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$336,281
Total Expenses per Audited Statements$336,281
Total Expenses per Form 990$336,281
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$79,701
Fundraising Direct Expenses$68,084
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Developers Boat Cruise$48,750$48,750$7,527$41,223
Holiday Party$71,221$30,951$18,881$12,070
Total Events$119,971$79,701$68,084$11,617
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

The Association can elect or appoint members to the governing body.

Form 990, Part VI, Section A, line 7B

The Governing Body approves the actions of the Officers.

Form 990, Part VI, Section B, line 11B

The Association can elect or appoint members to the Governing Body.

Form 990, Part VI, Section B, line 11B

The Senior Staff and Executive Director review the Form 990. The Board approves the audit.

Form 990, Part VI, Section B, line 12C

The Association reviews all contracts and invoices to ensure there are no conflicts of interest.

Form 990, Part VI, Section B, line 15

Officer salaries are set and approved by the Board. The Executive Director will recommend salaries which are approved by the Board.

Form 990, Part VI, Section C, line 19

The Organization's governing documents and financial statements are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
HACIA Scholarship & Education Foundation
EIN
13-4202864
Phone
3125750389
Address
650 W Lake Street Suite 415, Chicago, IL 60661

Signing Officer

Name
Jorge Perez
Title
Executive Director
Phone
3125750389
Signed
2020-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jorge Perez
Formed
2002
Legal Domicile
Il
Voting Board Members
13
Independent Board Members
13
Employees
0
Volunteers
25

Preparer

Firm
Desmond & Ahern Ltd
Address
10827 S WESTERN AVENUE, CHICAGO, IL 60643-3206
Preparer
David J Rambo CPA
Phone
7737794720
Supplemental Narrative

Financial Statement Notes

Part X, Line 2:

The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3) and has been classified as an organization which is not a private foundation. The tax-exempt purpose of the Foundation and the nature in which it operates is described in the first paragraph of Note 1. Management's assertion is that there are no uncertain tax positions and the Foundation continues to operate in compliance with its tax-exempt purpose.

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IRS990/Form990PartVIISectionAGrp/PersonNm1Jose Duarte
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IRS990/Form990PartVIISectionAGrp/PersonNm3Gabriel Ignacio Dziekiewicz
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IRS990/Form990PartVIISectionAGrp/PersonNm5Carolyn Caballero
IRS990/Form990PartVIISectionAGrp/PersonNm6Jeanette Chavarria Torres
IRS990/Form990PartVIISectionAGrp/PersonNm7Jorge L Escarpita
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President
IRS990/Form990PartVIISectionAGrp/TitleTxt1Executive Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt2Vice President
IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0616344
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0397358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0691952
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0862803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02899067
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt09
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt09
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt011617
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt01063
IRS990ScheduleA/OtherIncome170Grp/TotalAmt01063
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99960
IRS990ScheduleA/PublicSupportPY170Pct00.99940
IRS990ScheduleA/PublicSupportTotal170Amt02899067
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0330610
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0616344
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0397358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0691952
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0862803
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02899067
IRS990ScheduleA/TotalSupportAmt02900139
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0336281
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0342236
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Foundation was granted an exemption from federal income taxes by the Internal Revenue Service pursuant to the provisions of Internal Revenue Code Section 501(c)(3) and has been classified as an organization which is not a private foundation. The tax-exempt purpose of the Foundation and the nature in which it operates is described in the first paragraph of Note 1. Management's assertion is that there are no uncertain tax positions and the Foundation continues to operate in compliance with its tax-exempt purpose.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0336281
IRS990ScheduleD/TotalRevenuePerForm990Amt0342236
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0342236
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0336281
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt040270
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt040270
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt068084
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Holiday Party
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Developers Boat Cruise
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt071221
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt048750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0119971
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt030951
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt048750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt079701
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt011617
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt026408
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018881
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07527
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt022037
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt019639
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt041676
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt040000
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0Scholarships
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt08
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Association can elect or appoint members to the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Governing Body approves the actions of the Officers.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Association can elect or appoint members to the Governing Body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Senior Staff and Executive Director review the Form 990. The Board approves the audit.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The Association reviews all contracts and invoices to ensure there are no conflicts of interest.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Officer salaries are set and approved by the Board. The Executive Director will recommend salaries which are approved by the Board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization's governing documents and financial statements are available to the public upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Hispanic American Construction Industry Assoc
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0363225822
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0To Improve Its Members Conditions in the Construction Industry
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Active
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0650 W Lake St
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Chicago
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0IL
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd060661
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd01
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd01
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd01
IRS990ScheduleR/SharingOfFacilitiesInd01
IRS990ScheduleR/TransferFromOtherOrgInd01
IRS990ScheduleR/TransferToOtherOrgInd01
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0IL
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.08$0.17$0.06$0.42$0.35
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.56$0.03$0.52$0.44$0.31$0.13
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.41$0.01$0.40$0.36$0.06$0.29
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.10$0.00$0.10$0.08$0.05$0.03
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.09$0.02$0.07$0.05$0.06$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.21$0.13$0.09$0.34$0.34$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.15$0.08$0.62$0.59$0.03
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.15$0.10$0.05$0.40$0.40$0.00
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.16$0.10$0.06$0.69$0.69$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.83$0.77$0.06$0.86$0.85$0.02
2014Detailed filing. Detailed filing data is available for this year.$1.43$1.39$0.04$0.28$0.29$0.00