Civic Intelligence

Greater Houston Hispanic Chamber of Commerce Foundation

EIN 27-2913920 • 501(c)3 • Houston, TX

Profile

The foundation shall promote the economic and civic interest of the hispanic business community by empowering the houston hispanic chambers of commerce through charitable and educational activities.

1801 Main StHouston, TX 77002

ghhccfoundation.org

Siviq Scores

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

Liabilities / Assets

89th percentile

0.75x

Higher debt load relative to assets than 89% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

90th percentile

1.20x

Higher debt load relative to revenue than 90% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

88th percentile

47%

Higher net margin than 88% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

97th percentile

$429,703

Higher top officer pay than 97% of similar nonprofits.

Top officer pay equals 61.1% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

93rd percentile

75%

Faster asset growth than 93% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

98th percentile

554%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$1,128,518

Up $483,137 (+75%) from 2023

Liabilities

Up

$846,976

Up $179,828 (+27%) from 2023

Net Assets

Up

$281,542

Up $303,309 (+1393%) from 2023

Revenue

Up

$703,738

Up $596,214 (+554%) from 2023

Expenses

Up

$372,704

Up $183,184 (+97%) from 2023

Net Income

Up

$331,034

Up $413,030 (+504%) from 2023

Trend Graphs

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2011: $86,272Liabilities 2011: $25,000Net Assets 2011: $61,2722011Assets 2012: $144,996Liabilities 2012: $37,261Net Assets 2012: $107,7352012Assets 2013: $129,507Liabilities 2013: $43,140Net Assets 2013: $86,3672013Assets 2014: $138,596Liabilities 2014: $59,061Net Assets 2014: $79,5352014Assets 2015: $301,134Liabilities 2015: $64,896Net Assets 2015: $236,2382015Assets 2016: $257,386Liabilities 2016: $46,599Net Assets 2016: $210,7872016Assets 2017: $295,671Liabilities 2017: $63,516Net Assets 2017: $232,1552017Assets 2018: $166,068Liabilities 2018: $63,900Net Assets 2018: $102,1682018Assets 2019: $110,638Liabilities 2019: $59,125Net Assets 2019: $51,5132019Assets 2020: $242,933Liabilities 2020: $179,177Net Assets 2020: $63,7562020Assets 2021: $633,346Liabilities 2021: $511,907Net Assets 2021: $121,4392021Assets 2022: $666,237Liabilities 2022: $606,008Net Assets 2022: $60,2292022Assets 2023: $645,381Liabilities 2023: $667,148Net Assets 2023: -$21,7672023Assets 2024: $1,128,518Liabilities 2024: $846,976Net Assets 2024: $281,5422024

Highlighted filing

2024

Assets$1,128,518
Liabilities$846,976
Net Assets$281,542

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2011: $162,9532011Expenses 2012: $166,0872012Revenue 2013: $169,820Expenses 2013: $191,188Net Income 2013: -$21,3682013Revenue 2014: $229,100Expenses 2014: $235,940Net Income 2014: -$6,8402014Revenue 2015: $441,035Expenses 2015: $284,332Net Income 2015: $156,7032015Revenue 2016: $176,823Expenses 2016: $202,274Net Income 2016: -$25,4512016Revenue 2017: $269,453Expenses 2017: $248,099Net Income 2017: $21,3542017Revenue 2018: $131,796Expenses 2018: $261,783Net Income 2018: -$129,9872018Revenue 2019: $176,513Expenses 2019: $227,168Net Income 2019: -$50,6552019Revenue 2020: $185,899Expenses 2020: $173,649Net Income 2020: $12,2502020Revenue 2021: $208,647Expenses 2021: $152,937Net Income 2021: $55,7102021Revenue 2022: $112,417Expenses 2022: $173,627Net Income 2022: -$61,2102022Revenue 2023: $107,524Expenses 2023: $189,520Net Income 2023: -$81,9962023Revenue 2024: $703,738Expenses 2024: $372,704Net Income 2024: $331,0342024

Highlighted filing

2024

Revenue$703,738
Expenses$372,704
Net Income$331,034

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.13$0.85$0.28$0.70$0.37$0.33
2023Detailed filing. Detailed filing data is available for this year.$0.65$0.67$0.02$0.11$0.19$0.08
2022Detailed filing. Detailed filing data is available for this year.$0.67$0.61$0.06$0.11$0.17$0.06
2021Detailed filing. Detailed filing data is available for this year.$0.63$0.51$0.12$0.21$0.15$0.06
2020Detailed filing. Detailed filing data is available for this year.$0.24$0.18$0.06$0.19$0.17$0.01
2019Detailed filing. Detailed filing data is available for this year.$0.11$0.06$0.05$0.18$0.23$0.05
2018Detailed filing. Detailed filing data is available for this year.$0.17$0.06$0.10$0.13$0.26$0.13
2017Detailed filing. Detailed filing data is available for this year.$0.30$0.06$0.23$0.27$0.25$0.02
2016Detailed filing. Detailed filing data is available for this year.$0.26$0.05$0.21$0.18$0.20$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.30$0.06$0.24$0.44$0.28$0.16
2014Detailed filing. Detailed filing data is available for this year.$0.14$0.06$0.08$0.23$0.24$0.01
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.04$0.09$0.17$0.19$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.14$0.04$0.11$0.17
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.09$0.03$0.06$0.16
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 13, 2025
Return Version
2024v5.2
Gross Receipts
$703,738
Mission and Program Overview

Mission

The foundation shall promote the economic and civic interest of the hispanic business community by empowering the houston hispanic chambers of commerce through charitable and educational activities.

Empowering the houston hispanic chamber of commerce through charitable and educational activities.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$513,327$993,721▲ $480,394
Rtn Earn Endowment Incm Other Fnds$-21,767$281,542▲ $303,309
Savings and Temporary Cash Investments$132,054$134,797▲ $2,743
Land, Buildings, and Equipment, Net-$0-
Total Assets$645,381$1,128,518▲ $483,137
Liabilities
Other Liabilities$429,770$435,349▲ $5,579
Accounts Payable and Accrued Expenses$227,378$411,627▲ $184,249
Deferred Revenue$10,000$0▼ $10,000
Total Liabilities$667,148$846,976▲ $179,828
Net Assets / Fund Balance
Total Net Assets Fund Balance$-21,767$281,542▲ $303,309
Total Liabilities and Net Assets / Fund Balance$645,381$1,128,518▲ $483,137

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$212$212
Land$0--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Dr Laura G MurilloPresident & CEOPT$429,703$429,703

Board Members and Trustees

NameTitle
Diva HerazoChair
Alex ObregonDirector
David TitusDirector
Joel GarzaDirector
Mark MontgomeryDirector
Dr Laura G Murillo-
Arturo PedrazaChief Financial Officer
Revenue and Support

Revenue Composition

Contributions and Grants
$626,171
Program Service Revenue
$55,750
Investment Income
$21,817
Other Revenue
$0
All Other Contributions
$626,171
Change in Net Assets
$331,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$190,653
Salaries, Compensation, and Employee Benefits$170,369
Total Fundraising Expense$19,414
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$37,849$110,393$9,462$157,704
Fees for Services Other$27,620$80,557$6,905$115,082
Occupancy$0$23,406$0$23,406
Advertising$4,238$12,359$1,059$17,656
Interest$0$12,983$0$12,983
Payroll Taxes$3,040$8,865$760$12,665
Benefits to Members$11,682--$11,682
Fees for Services Accounting$2,336$6,814$584$9,734
Information Technology$1,471$4,291$368$6,130
Office Expenses$693$2,022$173$2,888
Insurance$410$1,197$103$1,710
Other Expenses$1,064$0$0$1,064
Total Functional Expenses$90,403$262,887$19,414$372,704
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Eidl$435,349
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
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
No
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
Greater Houston Hispanic Chamber of Commerce Foundation
EIN
27-2913920
Phone
7136647070
Address
1801 MAIN ST, HOUSTON, TX 77002

Signing Officer

Name
Dr Laura G Murillo
Title
President
Phone
7136647070
Signed
2025-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Laura G Murillo
Formed
2010
Legal Domicile
TX
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
J & K CPA LLC
Address
108 E 3RD, SWEENY, TX 77480
Preparer
Jada Faber
Phone
9795483782
Supplemental Narrative

Additional Explanations

Pt VI, Line 6

The board of directors consists of no more than seven members elected by the board. Five members are nominated by the executive committee of the houston hispanic chamber of commerce. The remaining two members are nominated by the other five members and must be independent directors with respect to the houston hispanic chamber of commerce

Pt VI, Line 7A

The board of directors consists of no more than seven members elected by the board. Five members are nominated by the executive committee of the houston hispanic chamber of commerce. The remaining two members are nominated by the other five members and must be independent directors with respect to the houston hispanic chamber of commerce.

Pt VI, Line 8B

The organization did not have any committees with authority to act on behalf of the governing body.

Pt VI, Line 11B

A copy of the organizations form 990 is provided to the board chairman and treasurer for an initial review prior to filing. They will each review the return, ask any necessary questions and make any necessary changes. A final draft is then approved, signed and filed

Pt VI, Line 12C

It is the policy of the greater houston hispanic chamber of commerce foundation that its relationships in transactions with individuals outside the foundation and with other business concerns be conducted at all times on a highly ethical basis and should avoid the appearance of impropriety. To this end, the sole consideration of the foundations decisions and implementation thereof must be the best interest of the foundation. Consequently, decisions made in conducting such relationships and transactions must not be influenced by self-interest on the part of an officer, director or employee of the foundation that is actually or potentially in conflict with the best interest of the foundation. In such circumstances actually or potentially involving conflicts of self interest, the officers, directors or employees of the foundation shall disclose the potential conflict of interest to the chairman of the board, who may inform the board of the potential conflict of interest and, in the case of a director, request the director to abstain from participating in the discussion of, and voting on, such decision. Failure to adhere to this policy renders any officer or director subject to removal from the board of directors, consistent with the procedures outlined in these policies and procedures and the organizational bylaws.

Pt VI, Line 19

The foundations governing documents are made available to the public upon request

Pt XII, Line 1

MODIFIED CASH BASIS

Raw XML AppendixShowing 400 of 446 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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IRS990/PYOtherExpensesAmt0189520
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IRS990/PYRevenuesLessExpensesAmt0-81996
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IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt055750
IRS990/RtnEarnEndowmentIncmOthFndsGrp/BOYAmt0-21767
IRS990/RtnEarnEndowmentIncmOthFndsGrp/EOYAmt0281542
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0132054
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0134797
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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0105956
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0112295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0208621
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0185886
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01294679
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023906
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IRS990ScheduleA/PublicSupportCY509Pct00
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0185886
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01294679
IRS990ScheduleA/TotalSupportAmt01318585
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
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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/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0212
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0212
IRS990ScheduleD/LandGrp/BookValueAmt00
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt00
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0435349
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0SBA EIDL
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IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd0false
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IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd0false
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd0false
IRS990ScheduleJ/EquityBasedCompArrngmInd0false
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0DR LAURA G MURILLO
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0429703
IRS990ScheduleJ/SeverancePaymentInd0false
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS CONSISTS OF NO MORE THAN SEVEN MEMBERS ELECTED BY THE BOARD. FIVE MEMBERS ARE NOMINATED BY THE EXECUTIVE COMMITTEE OF THE HOUSTON HISPANIC CHAMBER OF COMMERCE. THE REMAINING TWO MEMBERS ARE NOMINATED BY THE OTHER FIVE MEMBERS AND MUST BE INDEPENDENT DIRECTORS WITH RESPECT TO THE HOUSTON HISPANIC CHAMBER OF COMMERCE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS CONSISTS OF NO MORE THAN SEVEN MEMBERS ELECTED BY THE BOARD. FIVE MEMBERS ARE NOMINATED BY THE EXECUTIVE COMMITTEE OF THE HOUSTON HISPANIC CHAMBER OF COMMERCE. THE REMAINING TWO MEMBERS ARE NOMINATED BY THE OTHER FIVE MEMBERS AND MUST BE INDEPENDENT DIRECTORS WITH RESPECT TO THE HOUSTON HISPANIC CHAMBER OF COMMERCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION DID NOT HAVE ANY COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3A COPY OF THE ORGANIZATIONS FORM 990 IS PROVIDED TO THE BOARD CHAIRMAN AND TREASURER FOR AN INITIAL REVIEW PRIOR TO FILING. THEY WILL EACH REVIEW THE RETURN, ASK ANY NECESSARY QUESTIONS AND MAKE ANY NECESSARY CHANGES. A FINAL DRAFT IS THEN APPROVED, SIGNED AND FILED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IT IS THE POLICY OF THE GREATER HOUSTON HISPANIC CHAMBER OF COMMERCE FOUNDATION THAT ITS RELATIONSHIPS IN TRANSACTIONS WITH INDIVIDUALS OUTSIDE THE FOUNDATION AND WITH OTHER BUSINESS CONCERNS BE CONDUCTED AT ALL TIMES ON A HIGHLY ETHICAL BASIS AND SHOULD AVOID THE APPEARANCE OF IMPROPRIETY. TO THIS END, THE SOLE CONSIDERATION OF THE FOUNDATIONS DECISIONS AND IMPLEMENTATION THEREOF MUST BE THE BEST INTEREST OF THE FOUNDATION. CONSEQUENTLY, DECISIONS MADE IN CONDUCTING SUCH RELATIONSHIPS AND TRANSACTIONS MUST NOT BE INFLUENCED BY SELF-INTEREST ON THE PART OF AN OFFICER, DIRECTOR OR EMPLOYEE OF THE FOUNDATION THAT IS ACTUALLY OR POTENTIALLY IN CONFLICT WITH THE BEST INTEREST OF THE FOUNDATION. IN SUCH CIRCUMSTANCES ACTUALLY OR POTENTIALLY INVOLVING CONFLICTS OF SELF INTEREST, THE OFFICERS, DIRECTORS OR EMPLOYEES OF THE FOUNDATION SHALL DISCLOSE THE POTENTIAL CONFLICT OF INTEREST TO THE CHAIRMAN OF THE BOARD, WHO MAY INFORM THE BOARD OF THE POTENTIAL CONFLICT OF INTEREST AND, IN THE CASE OF A DIRECTOR, REQUEST THE DIRECTOR TO ABSTAIN FROM PARTICIPATING IN THE DISCUSSION OF, AND VOTING ON, SUCH DECISION. FAILURE TO ADHERE TO THIS POLICY RENDERS ANY OFFICER OR DIRECTOR SUBJECT TO REMOVAL FROM THE BOARD OF DIRECTORS, CONSISTENT WITH THE PROCEDURES OUTLINED IN THESE POLICIES AND PROCEDURES AND THE ORGANIZATIONAL BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE FOUNDATIONS GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6MODIFIED CASH BASIS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt XII, Line 1
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0NA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HOUSTON HISPANIC CHAMBER OF COMMERCE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0741935123
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(6)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ADVOCACY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt01801 MAIN STREET SUITE 890
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Houston
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
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