Civic Intelligence

Hispanic IT Executive Council

EIN 20-5975604 • 501(c)6 • Chicago, IL

Profile

To promote hispanic it leadership in the technology industry. Hitec will provide these current and future leaders with a solid skill set through professional development and networking opportunities.

444 West Lake StreetChicago, IL 60606

www.hitecglobal.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

58th percentile

0.20x

Higher debt load relative to assets than 58% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

55th percentile

0.21x

Higher debt load relative to revenue than 55% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

7th percentile

-19%

Higher net margin than 7% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

78th percentile

$240,000

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 12.5% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

11th percentile

-13%

Faster asset growth than 11% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

4th percentile

-30%

Faster revenue growth than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$2,389,291

Down $352,580 (-13%) from 2023

Liabilities

Up

$484,419

Up $70,940 (+17%) from 2023

Net Assets

Down

$1,904,872

Down $423,520 (-18%) from 2023

Operations
Liabilities / Revenue55th percentileNet Margin7th percentile

Revenue

Down

$2,344,428

Down $1,001,618 (-30%) from 2023

Expenses

Up

$2,801,485

Up $123,449 (+4.6%) from 2023

Net Income

Down

-$457,057

Down $1,125,067 (-168%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth11th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2010: $37,346Liabilities 2010: $332Net Assets 2010: $37,0142010Assets 2011: $36,447Liabilities 2011: $10,034Net Assets 2011: $26,4132011Assets 2012: $64,357Liabilities 2012: $25,068Net Assets 2012: $39,2892012Assets 2013: $82,080Liabilities 2013: $30,000Net Assets 2013: $52,0802013Assets 2014: $39,191Liabilities 2014: $90,959Net Assets 2014: -$51,7682014Assets 2015: $140,897Liabilities 2015: $55,336Net Assets 2015: $85,5612015Assets 2016: $329,195Liabilities 2016: $8,917Net Assets 2016: $320,2782016Assets 2017: $846,147Liabilities 2017: $16,925Net Assets 2017: $829,2222017Assets 2018: $1,163,270Liabilities 2018: $112,893Net Assets 2018: $1,050,3772018Assets 2019: $899,261Liabilities 2019: $35,969Net Assets 2019: $863,2922019Assets 2020: $1,398,288Liabilities 2020: $72,395Net Assets 2020: $1,325,8932020Assets 2021: $1,961,139Liabilities 2021: $72,012Net Assets 2021: $1,889,1272021Assets 2022: $2,264,508Liabilities 2022: $616,237Net Assets 2022: $1,648,2712022Assets 2023: $2,741,871Liabilities 2023: $413,479Net Assets 2023: $2,328,3922023Assets 2024: $2,389,291Liabilities 2024: $484,419Net Assets 2024: $1,904,8722024

Highlighted filing

2024

Assets$2,389,291
Liabilities$484,419
Net Assets$1,904,872
Open 2024 Filing

Operations Trend

Revenue Growth4th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2010: $154,600Expenses 2010: $119,661Net Income 2010: $34,9392010Revenue 2011: $198,224Expenses 2011: $208,825Net Income 2011: -$10,6012011Expenses 2012: $194,6792012Revenue 2013: $398,480Expenses 2013: $385,689Net Income 2013: $12,7912013Revenue 2014: $546,252Expenses 2014: $650,100Net Income 2014: -$103,8482014Revenue 2015: $994,110Expenses 2015: $856,781Net Income 2015: $137,3292015Revenue 2016: $1,356,787Expenses 2016: $1,122,068Net Income 2016: $234,7192016Revenue 2017: $1,243,800Expenses 2017: $912,695Net Income 2017: $331,1052017Revenue 2018: $1,275,730Expenses 2018: $1,063,904Net Income 2018: $211,8262018Revenue 2019: $1,340,037Expenses 2019: $1,524,621Net Income 2019: -$184,5842019Revenue 2020: $1,994,500Expenses 2020: $1,531,899Net Income 2020: $462,6012020Revenue 2021: $2,139,663Expenses 2021: $1,600,296Net Income 2021: $539,3672021Revenue 2022: $1,918,896Expenses 2022: $2,306,502Net Income 2022: -$387,6062022Revenue 2023: $3,346,046Expenses 2023: $2,678,036Net Income 2023: $668,0102023Revenue 2024: $2,344,428Expenses 2024: $2,801,485Net Income 2024: -$457,0572024

Highlighted filing

2024

Revenue$2,344,428
Expenses$2,801,485
Net Income-$457,057
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,389,291
Liabilities
$484,419
Net assets
$1,904,872
Revenue
$2,344,428
Expenses
$2,801,485
Net income
-$457,057
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$2.39$0.48$1.90$2.34$2.80$0.46
2023Detailed filing. Detailed filing data is available for this year.$2.74$0.41$2.33$3.35$2.68$0.67
2022Detailed filing. Detailed filing data is available for this year.$2.26$0.62$1.65$1.92$2.31$0.39
2021Detailed filing. Detailed filing data is available for this year.$1.96$0.07$1.89$2.14$1.60$0.54
2020Detailed filing. Detailed filing data is available for this year.$1.40$0.07$1.33$1.99$1.53$0.46
2019Detailed filing. Detailed filing data is available for this year.$0.90$0.04$0.86$1.34$1.52$0.18
2018Detailed filing. Detailed filing data is available for this year.$1.16$0.11$1.05$1.28$1.06$0.21
2017Detailed filing. Detailed filing data is available for this year.$0.85$0.02$0.83$1.24$0.91$0.33
2016Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.32$1.36$1.12$0.23
2015Detailed filing. Detailed filing data is available for this year.$0.14$0.06$0.09$0.99$0.86$0.14
2014Detailed filing. Detailed filing data is available for this year.$0.04$0.09$0.05$0.55$0.65$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.08$0.03$0.05$0.40$0.39$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.06$0.03$0.04$0.19
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.01$0.03$0.20$0.21$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.04$0.00$0.04$0.15$0.12$0.03
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 17, 2025
Return Version
2024v5.2
Gross Receipts
$2,344,428
Mission and Program Overview

Mission

To promote hispanic it leadership in the technology industry. Hitec will provide these current and future leaders with a solid skill set through professional development and networking opportunities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$812,187$1,087,046▲ $274,859
Cash and Non-Interest-Bearing Accounts$900,351$874,943▼ $25,408
Pledges and Grants Receivable$997,436$384,936▼ $612,500
Prepaid Expenses and Deferred Charges-$24,293-
Other Notes and Loans Receivable, Net$12,895$10,000▼ $2,895
Land, Buildings, and Equipment, Net$19,002$8,073▼ $10,929
Total Assets$2,741,871$2,389,291▼ $352,580
Liabilities
Deferred Revenue$337,500$468,750▲ $131,250
Accounts Payable and Accrued Expenses$75,979$15,669▼ $60,310
Total Liabilities$413,479$484,419▲ $70,940
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,328,392$1,904,872▼ $423,520
Total Net Assets Fund Balance$2,328,392$1,904,872▼ $423,520
Total Liabilities and Net Assets / Fund Balance$2,741,871$2,389,291▼ $352,580

Asset Categories

AssetBook ValueDepreciationBasis
Land$0--
Equipment$8,073$14,300-
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Omar DuquePresidentFT$360,000$360,000
Omar Duque--$360,000$360,000
Susana C RamirezExecutive Director of HitecFT$201,235$201,235
Susana C Ramirez--$201,235$201,235
Kelley M FrancisExecutive Director of Hitec FoundationFT$164,000$164,000
Kelley M Francis--$164,000$164,000

Board Members and Trustees

NameTitle
Rosa Ramos-kwokChairman
Miriam Hernandez-kakolVice Chairperson
Adriana TorresDirector
Alvaro CelisDirector
Eddie BorreroDirector
Elizabeth AgostoDirector
Jesse CortezDirector
Jonathan EcheverriaDirector
Lucia SoaresDirector
Marcelo De SantisDirector
Maria LensingDirector
Nellie BorreroDirector
Yamila HarrisDirector
Jesus MantasSecretary
Darrell HiguerosTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Brenda E GordilloAccounting7725 N NORDICA UNIT E, Niles, IL 60714$102,007
Revenue and Support

Revenue Composition

Contributions and Grants
$1,195,800
Program Service Revenue
$1,107,006
Investment Income
$41,622
Other Revenue
$0
Change in Net Assets
$-457,057
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,401,595
Total Fundraising Expense$937,463
Professional Fundraising Fees$399,890
Grants and Similar Amounts Paid$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings$445,731$29$70,130$515,890
Fees for Services Professional Fundraising--$399,890$399,890
Fees for Services Other$159,093$10$25,031$184,134
Fees for Services Accounting$0$102,895$0$102,895
Office Expenses$27,957$35,320$5,800$69,077
Advertising$63,786$4,561$161$68,508
Information Technology$0$15,362$50,423$65,785
Travel$18,085$36,397$8,699$63,181
Depreciation Depletion$0$10,929$0$10,929
Fees for Services Legal$1,061$5,429$0$6,490
Occupancy$0$1,843$0$1,843
Insurance$0$1,650$0$1,650
Other Expenses$22$296$15$333
Total Functional Expenses$1,183,603$680,419$937,463$2,801,485
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$399,890
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
No
Subject to proxy tax
Yes
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Hispanic It Executive Council
EIN
20-5975604
Phone
2489520200
Address
444 WEST LAKE STREET, CHICAGO, IL 60606

Signing Officer

Name
Omar Duque
Title
President
Phone
2489520200
Signed
2025-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Omar Duque
Formed
2006
Legal Domicile
Il
Voting Board Members
16
Independent Board Members
15
Employees
10
Volunteers
100

Preparer

Firm
Lopez and Company Cpas Ltd
Address
2702 W CHICAGO AVE, CHICAGO, IL 60622
Preparer
Enrique Lopez
Phone
7736348335
Supplemental Narrative

Additional Explanations

Pt VI, Line 11B

“Governing documents disclosure explanation: available upon request”

Pt VI, Line 19

“Form 990 is reviewed by the president and board of directors”

Pt VI, Line 15A

“The board of directors meet to deliberate the ceos compensation”

Raw XML AppendixShowing 400 of 558 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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