Civic Intelligence

Hispanic IT Executive Council

990 • Fiscal year 2016 • EIN 20-5975604

Jan 01, 2016 to Dec 31, 2016 • Filed on Nov 15, 2017

Organization Profilewww.hitecglobal.org
1301 W Long Lake Road No 200Troy, MI 48098

(248) 952-0200

Siviq Scores

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

Liabilities / Assets

22nd percentile

0.03x

Higher debt load relative to assets than 22% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

15th percentile

0.01x

Higher debt load relative to revenue than 15% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Net Margin

86th percentile

17%

Higher net margin than 86% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

22nd percentile

$0

Higher top officer pay than 22% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Source year 2016

Asset Growth

99th percentile

134%

Faster asset growth than 99% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

93rd percentile

36%

Faster revenue growth than 93% of similar nonprofits.

2016 filings • 501(c)6 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets22nd percentile

Assets

Up

$329,195

Up $188,298 (+134%) from 2015

Net Assets

Up

$320,278

Up $234,717 (+274%) from 2015

Liabilities

Down

$8,917

Down $46,419 (-84%) from 2015

Revenue And Expenses
Liabilities / Revenue15th percentileNet Margin86th percentile

Revenue

Up

$1,356,787

Up $362,677 (+36%) from 2015

Expenses

Up

$1,122,068

Up $265,287 (+31%) from 2015

Net Income

Up

$234,719

Up $97,390 (+71%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth99th percentile

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

$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

2016

Assets$329,195
Liabilities$8,917
Net Assets$320,278
Open 2016 Filing

Operations Trend

Revenue Growth93rd percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$1,356,787
Expenses$1,122,068
Net Income$234,719
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Nov 15, 2017
Return Version
2016v3.0
Gross Receipts
$1,356,787
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.

HITEC's mission is 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. There also will be access to eduation and executive training.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$134,473$325,848▲ $191,375
Land, Buildings, and Equipment, Net$755$453▼ $302
Total Assets$140,897$329,195▲ $188,298
Other Assets Total$5,669$2,894▼ $2,775
Liabilities
Other Liabilities$55,336$8,917▼ $46,419
Total Liabilities$55,336$8,917▼ $46,419
Net Assets / Fund Balance
Unrestricted Net Assets$85,561$320,278▲ $234,717
Total Net Assets Fund Balance$85,561$320,278▲ $234,717
Total Liabilities and Net Assets / Fund Balance$140,897$329,195▲ $188,298

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$453$2,854$3,307
Compensation and Service Providers
Top Officer Pay22nd percentile

Board Members and Trustees

NameTitle
Yepez J AlbertoChairman
Arbelaez AndrePresident
Soto MyrnaVice President
Amesquita CarlosDirector
Arroyo ThaddeusDirector
Baez RamonDirector
Bartra Ricardodirector
Campos TimothyDirector
DeArmas FrankDirector
Diaz Jr GuillermoDirector
Diaz TonyDirector
Olivencia DavidDirector
Ramos Kwok RosaDirector
Rivera IleanaDirector
Jimenez JoseSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Trion SolutionsEmployee Leasing340 E BIG BEAVER RD STE 160, Troy, MI 48083$208,968
The Westin St FrancisEvent Venue335 Powell Street, San Francisco, CA 94102$182,694
305 Communications and EventsCommissions7704 CATHEDRAL HILL DR, Cincinnati, OH 45244$107,150
-Event ManagementPO Box 160428, Miami, FL 33116$102,080
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$1,356,787
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$234,719
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,121,928
Grants and Similar Amounts Paid$140
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$421,727
Travel---$135,748
Fees for Services Other---$102,080
Advertising---$67,767
Information Technology---$47,379
Fees for Services Accounting---$13,944
Office Expenses---$5,219
Other Expenses---$2,443
Insurance---$2,410
All Other Expenses---$1,612
Depreciation Depletion---$302
Grants to Domestic Orgs---$140
Total Functional Expenses$0$0$0$1,122,068
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Platiunum Delta CC$8,917
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 6

“Classes of Members or Stockholders: Organized with Members.”

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

“Organization's process to review Form 990: Return is reviewed by the President and copies are provided to the board members.”

Form 990, Part VI, Section C, line 19

“Governing documents disclosure explanation: available upon request.”

Filing and Contact Details

Filer

Filer Name
Hispanic IT Executive Council
EIN
20-5975604
Phone
2489520200
Address
1301 W Long Lake Road No 200, Troy, MI 48098

Signing Officer

Name
Andre Arbelaez
Title
President
Phone
2489520200
Signed
2017-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Andre Arbelaez
Formed
2006
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
0

Preparer

Firm
Gordon Advisors Pc
Address
1301 W Long Lake Road Ste 200, Troy, MI 48098
Preparer
Cheryl A Bida CPA
Phone
2489520200
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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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IRS990/OtherAssetsTotalGrp/EOYAmt02894
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Leased Employees
IRS990/OtherExpensesGrp/Desc1Commission Expense
IRS990/OtherExpensesGrp/Desc2Bank Charges
IRS990/OtherExpensesGrp/Desc3Telephone
IRS990/OtherExpensesGrp/TotalAmt0190594
IRS990/OtherExpensesGrp/TotalAmt1120240
IRS990/OtherExpensesGrp/TotalAmt210463
IRS990/OtherExpensesGrp/TotalAmt32443
IRS990/OtherLiabilitiesGrp/BOYAmt055336
IRS990/OtherLiabilitiesGrp/EOYAmt08917
IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Andre Arbelaez
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0DUES
IRS990/ProgramServiceRevenueGrp/Desc1quarterly summit meeti
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01249937
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1106850
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt01249937
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1106850
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYGrantsAndSimilarPaidAmt0750
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0856031
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0994110
IRS990/PYRevenuesLessExpensesAmt0137329
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0856781
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0994110
IRS990/ReconcilationRevenueExpnssAmt0234719
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0453
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt02854
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt03307
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08917
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Platiunum Delta CC
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0453
IRS990ScheduleD/TotalLiabilityAmt08917
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Classes of Members or Stockholders: Organized with Members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Organization's process to review Form 990: Return is reviewed by the President and copies are provided to the board members.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Governing documents disclosure explanation: available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, line 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HITEC Foundation
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0272869162
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0170
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Charity
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt07
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01301 W Long Lake Road Suite 200
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Troy
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0MI
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd048098
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd01
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Loan balance
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0HITEC Foundation
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0E
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd01
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0140897
IRS990/TotalAssetsEOYAmt0329195
IRS990/TotalAssetsGrp/BOYAmt0140897
IRS990/TotalAssetsGrp/EOYAmt0329195
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt01122068
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt055336
IRS990/TotalLiabilitiesEOYAmt08917
IRS990/TotalLiabilitiesGrp/BOYAmt055336
IRS990/TotalLiabilitiesGrp/EOYAmt08917
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt085561
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0320278
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceRevenueAmt01356787
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt01356787
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01356787
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0140897
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0329195
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/TotalAmt0135748
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt085561
IRS990/UnrestrictedNetAssetsGrp/EOYAmt0320278
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01301 W Long Lake Road
IRS990/USAddress/CityNm0Troy
IRS990/USAddress/StateAbbreviationCd0MI
IRS990/USAddress/ZIPCd048098
IRS990/VotingMembersGoverningBodyCnt015
IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0www.hitecglobal.org
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Andre Arbelaez
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/PhoneNum02489520200
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Hispanic IT Executive Council
ReturnHeader/Filer/BusinessNameControlTxt0HISP
ReturnHeader/Filer/EIN0205975604

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$329,195
Liabilities
$8,917
Net assets
$320,278
Revenue
$1,356,787
Expenses
$1,122,068
Net income
$234,719
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