Civic Intelligence

Hispanic Access Foundation

990 • Fiscal year 2021 • EIN 27-2589206

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 15, 2022

1030 15th St NW Suite B/1 150Washington, DC 20005

(202) 640-4342

Siviq Scores

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

Liabilities / Assets

42nd percentile

0.08x

Higher debt load relative to assets than 42% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Liabilities / Revenue

29th percentile

0.06x

Higher debt load relative to revenue than 29% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

67th percentile

23%

Higher net margin than 67% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

62nd percentile

$147,894

Higher top officer pay than 62% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

89th percentile

50%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

87th percentile

93%

Faster revenue growth than 87% of similar nonprofits.

2021 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Assets

Up

$4,376,118

Up $1,461,471 (+50%) from 2020

Net Assets

Up

$4,036,917

Up $1,380,675 (+52%) from 2020

Liabilities

Up

$339,201

Up $80,796 (+31%) from 2020

Revenue

Up

$5,925,392

Up $2,849,469 (+93%) from 2020

Expenses

Up

$4,544,717

Up $1,940,330 (+75%) from 2020

Net Income

Up

$1,380,675

Up $909,139 (+193%) from 2020

Historical Trend

Balance Sheet Trend

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

$10M$5.0M$0Assets 2014: $1,118,951Liabilities 2014: $163,131Net Assets 2014: $955,8202014Assets 2015: $1,640,619Liabilities 2015: $34,180Net Assets 2015: $1,606,4392015Assets 2016: $1,001,739Liabilities 2016: $43,155Net Assets 2016: $958,5842016Assets 2017: $914,131Liabilities 2017: $49,591Net Assets 2017: $864,5402017Assets 2018: $2,567,434Liabilities 2018: $69,226Net Assets 2018: $2,498,2082018Assets 2019: $2,279,255Liabilities 2019: $94,549Net Assets 2019: $2,184,7062019Assets 2020: $2,914,647Liabilities 2020: $258,405Net Assets 2020: $2,656,2422020Assets 2021: $4,376,118Liabilities 2021: $339,201Net Assets 2021: $4,036,9172021Assets 2022: $4,692,792Liabilities 2022: $511,194Net Assets 2022: $4,181,5982022Assets 2023: $6,960,367Liabilities 2023: $519,498Net Assets 2023: $6,440,8692023Assets 2024: $9,565,520Liabilities 2024: $976,609Net Assets 2024: $8,588,9112024

Highlighted filing

2021

Assets$4,376,118
Liabilities$339,201
Net Assets$4,036,917

Operations Trend

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

$20M$15M$10M$5.0M$0-$5.0MRevenue 2014: $2,218,458Expenses 2014: $2,149,356Net Income 2014: $69,1022014Revenue 2015: $2,494,850Expenses 2015: $1,844,231Net Income 2015: $650,6192015Revenue 2016: $1,128,820Expenses 2016: $1,776,675Net Income 2016: -$647,8552016Revenue 2017: $1,715,115Expenses 2017: $1,809,159Net Income 2017: -$94,0442017Revenue 2018: $4,823,496Expenses 2018: $3,189,828Net Income 2018: $1,633,6682018Revenue 2019: $2,029,219Expenses 2019: $2,342,721Net Income 2019: -$313,5022019Revenue 2020: $3,075,923Expenses 2020: $2,604,387Net Income 2020: $471,5362020Revenue 2021: $5,925,392Expenses 2021: $4,544,717Net Income 2021: $1,380,6752021Revenue 2022: $8,625,947Expenses 2022: $8,481,266Net Income 2022: $144,6812022Revenue 2023: $11,355,326Expenses 2023: $9,096,055Net Income 2023: $2,259,2712023Revenue 2024: $16,147,090Expenses 2024: $13,999,048Net Income 2024: $2,148,0422024

Highlighted filing

2021

Revenue$5,925,392
Expenses$4,544,717
Net Income$1,380,675
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 15, 2022
Return Version
2021v4.0
Gross Receipts
$5,925,392
Mission and Program Overview

Mission

Haf improves the lives of hispanics in the united states and promotes civic engagement by educating, motivating and helping them access trustworthy support systems.

Hispanic Access Foundation connects Latinos and others with partners and opportunities to improve lives and create and equitable society.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$2,106,768$2,457,982▲ $351,214
Pledges and Grants Receivable$484,713$1,681,009▲ $1,196,296
Cash and Non-Interest-Bearing Accounts$316,431$208,206▼ $108,225
Prepaid Expenses and Deferred Charges$1,755$18,261▲ $16,506
Land, Buildings, and Equipment, Net$4,580$10,260▲ $5,680
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,914,647$4,376,118▲ $1,461,471
Other Assets Total$400$400→ $0
Liabilities
Accounts Payable and Accrued Expenses$78,111$185,226▲ $107,115
Other Liabilities$150,000$150,000→ $0
Deferred Revenue$30,294$3,975▼ $26,319
Total Liabilities$258,405$339,201▲ $80,796
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,881,112$2,288,105▲ $406,993
Net Assets Without Donor Restrictions$775,130$1,748,812▲ $973,682
Total Net Assets Fund Balance$2,656,242$4,036,917▲ $1,380,675
Total Liabilities and Net Assets / Fund Balance$2,914,647$4,376,118▲ $1,461,471

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,260$27,427$37,687
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Maite ArceExecutive DirectorFT$147,894$147,894
Robert FangerChief of CommunicationsFT$119,925$119,925

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$5,923,350
Program Service Revenue
$0
Investment Income
$189
Other Revenue
$1,853
All Other Contributions
$3,218,823
Change in Net Assets
$1,380,675

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,925,392
Total Revenue per Audited Statements
$5,925,392
Total Revenue per Form 990
$5,925,392
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,800,603
Salaries, Compensation, and Employee Benefits$1,213,369
Grants and Similar Amounts Paid$530,745
Total Fundraising Expense$16,559
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$2,019,860$127,039$5,789$2,152,688
Other Salaries and Wages$723,011$105,344$5,428$833,783
Grants to Domestic Individuals$530,745--$530,745
Current Officers, Directors, Trustees, and Key Employees$199,518$35,725$1,841$237,084
Travel$180,233$8,546$624$189,403
Payroll Taxes$60,997$10,922$563$72,482
Office Expenses$25,185$37,929$151$63,265
Other Employee Benefits$46,974$8,411$433$55,818
Information Technology$22,167$13,627$1,240$37,034
Conferences and Meetings$34,877$1,951-$36,828
Fees for Services Accounting$29,361$1,847$84$31,292
Pension Plan Contributions$11,952$2,140$110$14,202
Insurance$9,810--$9,810
Fees for Services Legal$3,424$215$10$3,649
Depreciation Depletion-$2,931-$2,931
Other Expenses$2,661$867$16$867
Total Functional Expenses$4,156,991$371,167$16,559$4,544,717

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,544,717
Total Expenses per Audited Statements$4,544,717
Total Expenses per Form 990$4,544,717
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
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
SBA Loan$150,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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

Governance Explanations

Form 990, Part VI, Line 11B: Form 990 Review Process

The Form 990 was prepared by the outside accountants and reviewed by senior management. The form was also reviewed by the board of directors prior to filing with the IRS.

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

The conflict of interest policy is distributed annually to all staff members and board of directors for review. The staff members and board of directors are required to sign the document stating that they have reviewed the policy and disclosed any interest, as applicable. If a conflict of interest arises, the conflicted member recuses themselves from discussion and voting on the matter.

Form 990, Part VI, Line 15A: Compensation Review & Approval Process - CEO, Top Management

Hispanic Access Foundation's board of directors determines the President & CEO's compensation. The board researched comparable positions in the Washington, DC area, and the President & CEO's salary history. The compensation committee met and made the final decision for the President & CEO's salary. THe final outcome of the board's deliberation and decision was documented in an email to the President & CEO. This process last took place in December 2021.

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Hispanic Access Foundation
EIN
27-2589206
Phone
2026404342
Address
1030 15th St NW Suite B/1 150, Washington, DC 20005

Signing Officer

Name
Maite Arce
Title
Executive Director
Signed
2022-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maite Arce
Formed
2010
Legal Domicile
Dc
Voting Board Members
7
Independent Board Members
7
Employees
42

Preparer

Firm
Rocha & Company Pc
Address
9841 Washingtonian Boulevard Suite, Gaithersburg, MD 20878
Preparer
Ryan W Rocha CPA
Phone
3015192912
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D: Other Program Services Description

OTHER PROGRAM SERVICES 4: Partner Engagement - Launched in 2018, the Hispanic Leadership Network is a mentoring and leadership program to support young, mid-career and experienced latino pastors serving high-need rural and urban congregations across the U.S. The program will help to enhance the ability of pastors to serve the unique needs of latino congregations and support them in key transition moments in their career. By building a peer support network and undertaking an intensive, customized program of leadership training and reflection, the participants will be better prepared to lead initiatives and church programs that enhance the vitality of their conregations and serve the unique needs of multigenerational latino communities. OTHER PROGRAM SERVICES 5: Health - This is a vaccination Hesitancy Program Through Health Service and Resources Administration (HRSA) began November 1, 2021. Hispanic Access Foundation utilized the first three months for planning, strategy and piloting the program. In Early December, Hispanic Access Foundation Brought some of its key community advisors to December to experience a pilot clinic. From that pilot clinic, Hispanic Access Foundation established a manual for implementation of the program at other locations. In addition, Hispanic Access Foundation selected all supervisors for each site. With the launch of the pilot program in Denver, Hispanic Access Foundation was able to vaccinate over 500 community members from a heavy Latino/Spanish speaking dominant community.

Financial Statement Notes

Part X : FIN48 Footnote

For the year ended December 31, 2021, Hispanic Access Foundation has documented its consideration of FASB ASC 740-10, Income Taxes, that provides guidance for reporting uncertainty in income taxes, and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.

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IRS990/MissionDesc0Hispanic Access Foundation connects Latinos and others with partners and opportunities to improve lives and create and equitable society.
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IRS990/ProgSrvcAccomActy2Grp/Desc0Conservation Program- This program harnesses the Latino Community's passion for public lands and the outdoors to increase their capacity to engage in the conservation of land and water in order to ensure good health and well being for generations to come. Por la creacion faith based alliance engaged youth, families, and communities throughout the West in conservation projects and outdoor experiences to educate and build leadership in conservation and to imporve public health. Latino leaders collaborated to protect national monuments, the land and water conservation fund and the Colorado River. The Hispanic Access Foundation Initiative Latino Conservation week was held in July engaging 180 partners in over 150 community events nationwide. Additonally, Hispanic Access Foundation screened its film "Land, Water, Y Comunidad" in multiple states accross the country.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Partner Engagement - Launched in 2018, the Hispanic Leadership Network is a mentoring and leadership program to support young, mid-career and experienced latino pastors serving high-need rural and urban congregations across the U.S. The program will help to enhance the ability of pastors to serve the unique needs of latino congregations and support them in key transition moments in their career. By building a peer support network and undertaking an intensive, customized program of leadership training and reflection, the participants will be better prepared to lead initiatives and church programs that enhance the vitality of their conregations and serve the unique needs of multigenerational latino communities.
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0For the year ended December 31, 2021, Hispanic Access Foundation has documented its consideration of FASB ASC 740-10, Income Taxes, that provides guidance for reporting uncertainty in income taxes, and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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