Civic Intelligence

Hispanic Access Foundation

990 • Fiscal year 2023 • EIN 27-2589206

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 15, 2024

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

34th percentile

0.07x

Higher debt load relative to assets than 34% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Liabilities / Revenue

17th percentile

0.05x

Higher debt load relative to revenue than 17% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Net Margin

76th percentile

20%

Higher net margin than 76% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Top Officer Pay

46th percentile

$169,960

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.5% of source-year revenue.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2023

Asset Growth

90th percentile

48%

Faster asset growth than 90% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Revenue Growth

81st percentile

32%

Faster revenue growth than 81% of similar nonprofits.

2023 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2022 to 2023

Assets

Up

$6,960,367

Up $2,267,575 (+48%) from 2022

Net Assets

Up

$6,440,869

Up $2,259,271 (+54%) from 2022

Liabilities

Up

$519,498

Up $8,304 (+1.6%) from 2022

Revenue

Up

$11,355,326

Up $2,729,379 (+32%) from 2022

Expenses

Up

$9,096,055

Up $614,789 (+7.2%) from 2022

Net Income

Up

$2,259,271

Up $2,114,590 (+1462%) from 2022

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

2023

Assets$6,960,367
Liabilities$519,498
Net Assets$6,440,869

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

2023

Revenue$11,355,326
Expenses$9,096,055
Net Income$2,259,271
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 15, 2024
Return Version
2023v5.1
Gross Receipts
$11,355,326
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 is dedicated to empowering Latino leaders by providing them with the access, capacity, and confidence needed to drive meaningful change, advancing an equitable society where all can thrive. We believe that Latinos possess immense political and economic power, and as their influence grows, so does their potential to shape the future of U.S. policy and society. By addressing unmet needs across conservation, workforce development, education, and health, we enable Latino leaders with the resources, skills, and experiences to become catalysts for change and make an indelible impact on their communities and beyond.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$2,026,195$3,321,852▲ $1,295,657
Cash and Non-Interest-Bearing Accounts$789,033$2,112,180▲ $1,323,147
Savings and Temporary Cash Investments$1,860,413$1,481,312▼ $379,101
Prepaid Expenses and Deferred Charges$12,449$45,023▲ $32,574
Land, Buildings, and Equipment, Net$4,302$0▼ $4,302
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$4,692,792$6,960,367▲ $2,267,575
Other Assets Total$400$0▼ $400
Liabilities
Accounts Payable and Accrued Expenses$353,877$364,088▲ $10,211
Other Liabilities$149,726$150,000▲ $274
Deferred Revenue$7,591$5,410▼ $2,181
Total Liabilities$511,194$519,498▲ $8,304
Net Assets / Fund Balance
Net Assets With Donor Restrictions$2,190,474$4,435,704▲ $2,245,230
Net Assets Without Donor Restrictions$1,991,124$2,005,165▲ $14,041
Total Net Assets Fund Balance$4,181,598$6,440,869▲ $2,259,271
Total Liabilities and Net Assets / Fund Balance$4,692,792$6,960,367▲ $2,267,575

Asset Categories

AssetBook ValueDepreciationBasis
Equipment-$37,687$37,687
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Maite ArcePresident & CEOFT$166,137$3,823$169,960
Robert FangerChief Operating OfficerFT$145,575-$145,575
Jesse RodriguezChief Financial OfficerFT$125,284-$125,284
David ArmijoChief Project OfficerFT$121,386-$121,386
Michelle NeuenschwanderDeputy Chief of ProgramsFT$111,630-$111,630

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$11,310,239
Program Service Revenue
$0
Investment Income
$45,087
Other Revenue
$0
All Other Contributions
$5,478,213
Change in Net Assets
$2,259,271

Audited Revenue Reconciliation

Revenue per Audited Statements
$11,355,326
Total Revenue per Audited Statements
$11,355,326
Total Revenue per Form 990
$11,355,326
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,002,291
Salaries, Compensation, and Employee Benefits$3,044,438
Grants and Similar Amounts Paid$1,049,326
Total Fundraising Expense$285,311
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$3,068,688$126,274$28,658$3,223,620
Other Salaries and Wages$1,671,529$460,170$181,908$2,313,607
Grants to Domestic Individuals$1,049,326--$1,049,326
Travel$545,223$50,554$3,848$599,625
Office Expenses$176,282$137,712$1,019$315,013
Payroll Taxes$202,143$55,650$21,999$279,792
Current Officers, Directors, Trustees, and Key Employees$190,367$52,408$20,717$263,492
Other Employee Benefits$122,408$33,699$13,321$169,428
Information Technology$82,279$74,213$450$156,942
Fees for Services Accounting$103,731$25,883$6,261$135,875
Conferences and Meetings$71,086$4,218-$75,304
Insurance$23,104$17,899$911$41,914
Pension Plan Contributions$13,090$3,604$1,425$18,119
Depreciation Depletion-$17,317$386$17,703
Other Expenses$50,803$1,929$3,204$1,929
Fees for Services Legal$931$232$56$1,219
Total Functional Expenses$7,710,618$1,100,126$285,311$9,096,055

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$9,096,055
Total Expenses per Audited Statements$9,096,055
Total Expenses per Form 990$9,096,055
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, Section B, Line 11B

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, Section B, Line 12C

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, Section B, Line 15A

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 or in Minutes of the Board of Directors Meeting.

Form 990, Part VI, Section C, Line 19

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
President & CEO
Signed
2024-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Maite Arce
Formed
2010
Legal Domicile
Dc
Voting Board Members
11
Independent Board Members
11
Employees
242

Preparer

Firm
Rocha & Company PC
Address
9801 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 4: Finance- Long-term financial success requires a solid foundation. Through our financial empowerment program, Hispanic Access Foundation provides high-quality, Spanish-language financial education led by trusted experts to address essential topics, including taxes, credit building, banking, wealth accumulation, and long-term planning. In partnership with Thrivent Financial Services, in 2023, we hosted half-day workshops at California church sites, reaching approximately 750 Latino adults. These sessions equip participants with the knowledge and tools needed to make informed financial decisions and build a pathway to financial stability. OTHER PROGRAM SERVICES 5: Community Navigator- Many Latino organizations lack the capacity and resources to access essential funding opportunities and sustain their growth. Our Community Navigator Program bridges this gap, connecting 1,200 Latino-serving, community-based, and Spanish-speaking organizationsparticularly those in high-risk wildfire and climate-impacted areaswith the U.S. Forest Service and its resources. By providing local leaders with access to grant funding, technical and capacity-building support, we empower them to build climate resilience and foster sustainable growth in their communities. OTHER PROGRAM SERVICES 6: STEM Education- Latinos remain significantly underrepresented in STEM fields. According to Pew Research, Latino adults are less likely than other groups to earn degrees in STEM. Our Senderos a la Ciencia (Pathways to Science) and Mentoring Project aims to address this gap by conducting bilingual public outreach to Hispanic communities in New London, Connecticut. Featuring inspiring talks by Latino health science and STEM professionals, the program engages high school students in follow-up, near-peer mentoring to encourage their pursuit of STEM careers and cultivate the next generation of Latino STEM leaders. OTHER PROGRAM SERVICES 7: Nuestros Bosques- Access to urban green spaces and tree canopies plays a critical role in Latino communities well-being and connection to nature. Our Nuestros Bosques (Our Forests) initiative seeks to increase equitable access to urban tree canopies while fostering community involvement in local urban forestry and tree-planting projects. By engaging Latino, Indigenous, and underserved communities, we promote both environmental and public health benefits, as well as local decision-making in urban forestry initiatives.

Financial Statement Notes

Part X : FIN48 Footnote

For the year ended December 31, 2023, 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.The Foundation files IRS Form 990 annually with the Federal Government and is still open to examination by taxing authorities for tax years 2020 and later.

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IRS990/Form990PartVIISectionAGrp/PersonNm12Crystal Diaz De Villegas
IRS990/Form990PartVIISectionAGrp/PersonNm13Ana Alvarez
IRS990/Form990PartVIISectionAGrp/PersonNm14Monica Poveda
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
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IRS990/Form990PartVIISectionAGrp/TitleTxt10Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt11Director
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IRS990/MissionDesc0Hispanic Access Foundation enables Latino leaders to realize their potential, fostering a society rooted in equity and opportunity. We believe that, with adequate representation, Latinos can shape a future where their needs and interests are fully recognized, strengthening our nation's prosperity and equity. By focusing on critical areas such as conservation, workforce, education, and health, we support Latino leaders with resources, skills, and hands-on experiences that empower them to excel and uplift their communities.
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IRS990/ProgSrvcAccomActy2Grp/Desc0CONSERVATION PROGRAM- OUR CONSERVATION PROGRAM ENGAGES LATINO COMMUNITIES TO PROTECT NATURAL RESOURCES, ADDRESS CLIMATE IMPACTS INCLUDING WILDFIRES AND FLOODING, AND INCREASE REPRESENTATION THROUGH CIVIC ENGAGEMENT. IN 2023, LATINO CONSERVATION WEEK HOSTED 330 EVENTS NATIONWIDE, SUPPORTING KEY EFFORTS LIKE THE CHUMASH NATIONAL MARINE SANCTUARY.
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IRS990/ProgSrvcAccomActy3Grp/Desc0Community Navigator- Many Latino organizations lack the capacity and resources to access essential funding opportunities and sustain their growth. Our Community Navigator Program bridges this gap, connecting 1,200 Latino-serving, community-based, and Spanish-speaking organizationsparticularly those in high-risk wildfire and climate-impacted areaswith the U.S. Forest Service and its resources. By providing local leaders with access to grant funding, technical and capacity-building support, we empower them to build climate resilience and foster sustainable growth in their communities.
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