Civic Intelligence

Michigan Hispanic Fund

990EZ • Fiscal year 2016 • EIN 38-3209119

Jan 01, 2016 to Dec 31, 2016 • Filed on Apr 11, 2017

Organization ProfileN/A
31455 Southfield Road Suite 103Beverly Hills, MI 48025

(248) 792-2763

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

55th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

1st percentile

-762%

Higher net margin than 1% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

9th percentile

-48%

Faster asset growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-95%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets56th percentile

Assets

Down

$89,930

Down $82,259 (-48%) from 2015

Net Assets

Down

$89,930

Down $69,524 (-44%) from 2015

Liabilities

Down

$0

Down $12,735 (-100%) from 2015

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$9,120

Down $187,365 (-95%) from 2015

Expenses

Up

$78,644

Up $41,613 (+112%) from 2015

Net Income

Down

-$69,524

Down $228,978 (-144%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$400K$300K$200K$100K$0Assets 2015: $172,189Liabilities 2015: $12,735Net Assets 2015: $159,4542015Assets 2016: $89,930Liabilities 2016: $0Net Assets 2016: $89,9302016Assets 2017: $393,659Liabilities 2017: $0Net Assets 2017: $393,6592017Assets 2018: $390,478Liabilities 2018: $0Net Assets 2018: $390,4782018Assets 2019: $335,146Liabilities 2019: $0Net Assets 2019: $335,1462019Assets 2020: $257,796Liabilities 2020: $0Net Assets 2020: $257,7962020Assets 2021: $188,263Liabilities 2021: $0Net Assets 2021: $188,2632021Assets 2022: $221,046Liabilities 2022: $0Net Assets 2022: $221,0462022Assets 2023: $212,570Liabilities 2023: $8,633Net Assets 2023: $203,9372023Assets 2024: $142,744Liabilities 2024: $9,776Net Assets 2024: $132,9682024

Highlighted filing

2016

Assets$89,930
Liabilities$0
Net Assets$89,930
Open 2016 Filing

Operations Trend

Revenue Growth2nd percentile

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

$400K$200K$0-$200KRevenue 2015: $196,485Expenses 2015: $37,031Net Income 2015: $159,4542015Revenue 2016: $9,120Expenses 2016: $78,644Net Income 2016: -$69,5242016Revenue 2017: $355,329Expenses 2017: $51,600Net Income 2017: $303,7292017Revenue 2018: $6,707Expenses 2018: $9,888Net Income 2018: -$3,1812018Revenue 2019: $11,306Expenses 2019: $66,638Net Income 2019: -$55,3322019Revenue 2020: $4,826Expenses 2020: $82,176Net Income 2020: -$77,3502020Revenue 2021: $830Expenses 2021: $70,363Net Income 2021: -$69,5332021Revenue 2022: $90,736Expenses 2022: $57,953Net Income 2022: $32,7832022Revenue 2023: $77,339Expenses 2023: $94,449Net Income 2023: -$17,1102023Revenue 2024: $143,576Expenses 2024: $214,545Net Income 2024: -$70,9692024

Highlighted filing

2016

Revenue$9,120
Expenses$78,644
Net Income-$69,524
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Apr 11, 2017
Return Version
2016v3.0
Gross Receipts
$9,120
Mission and Program Overview

Mission

The michigan hispanic fund will continue to pursue its primary mission to encourage, support and promote the creation and growth of minority hispanic businesses.

Program Services

DescriptionGrantsExpenses
PROVIDE EDUCATION, MENTORSHIP, LEADERSHIP, TECHNICAL TRAINING, AND ENTREPRENEURIAL SKILLS SUPPORT TO STRUGGLING MINORITY INDIVIDUALS IN THE HISPANIC BUSINESS COMMUNITY BY SPONSORING CONFERENCES, WORKSHOPS AND OTHER TRAINING SESSIONS.-$74,854
Compensation and Service Providers
Top Officer Pay75th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOANN CHAVEZPresident-$0--
GUILLERMO BORQUEZTreasurer-$0--
KEVIN BELLSecretary-$0--
ARMANDO OJEDADirector-$0--
Filing and Contact Details

Filer

Filer Name
Michigan Hispanic Fund
EIN
38-3209119
Phone
2487922763
Address
31455 SOUTHFIELD ROAD SUITE 103, BEVERLY HILLS, MI 48025

Signing Officer

Name
Joann Chavez
Title
President
Phone
2487922763
Signed
2017-04-11

Preparer

Firm
Schlaupitz & Madhavan Pc
Address
5700 CROOKS RD STE 201, TROY, MI 48098-2812
Preparer
Daniel T Alleman
Phone
2486491600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 8

“Business consulting 4,000 restitution 107 total 4,107”

Form 990-ez, Part II, Line 24

“Due from affiliated organization 0 107 total 0 107”

Form 990-ez, Part II, Line 26

“Due to mhcc(related party) 12,735 0”

Form 990-ez, Part III

“The michigan hispanic fund will continue to pursue its primary mission to encourage, support and promote the creation and growth of minority hispanic businesses.”

Form 990-ez, Part III, Line 28

“Provide education, mentorship, leadership, technical training, and entrepreneurial skills support to struggling minority individuals in the hispanic business community by sponsoring conferences, workshops and other training sessions.”

Raw XML Appendix140 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.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SCHLAUPITZ & MADHAVAN PC
IRS990EZ/BooksInCareOfDetail/PhoneNum02486491600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt05700 CROOKS ROAD SUITE 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0TROY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048098
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0172189
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt089823
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/ContributionsGiftsGrantsEtcAmt05000
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-69524
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt078644
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0172189
IRS990EZ/Form990TotalAssetsGrp/EOYAmt089930
IRS990EZ/GrossReceiptsAmt09120
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt013
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0159454
IRS990EZ/NetAssetsOrFundBalancesEOYAmt089930
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0159454
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt089930
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOANN CHAVEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GUILLERMO BORQUEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KEVIN BELL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3ARMANDO OJEDA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2SECRETARY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0107
IRS990EZ/OtherRevenueTotalAmt04107
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE MICHIGAN HISPANIC FUND WILL CONTINUE TO PURSUE ITS PRIMARY MISSION TO ENCOURAGE, SUPPORT AND PROMOTE THE CREATION AND GROWTH OF MINORITY HISPANIC BUSINESSES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0PROVIDE EDUCATION, MENTORSHIP, LEADERSHIP, TECHNICAL TRAINING, AND ENTREPRENEURIAL SKILLS SUPPORT TO STRUGGLING MINORITY INDIVIDUALS IN THE HISPANIC BUSINESS COMMUNITY BY SPONSORING CONFERENCES, WORKSHOPS AND OTHER TRAINING SESSIONS.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt074854
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt012735
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt078644
IRS990EZ/TotalProgramServiceExpensesAmt074854
IRS990EZ/TotalRevenueAmt09120
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0153000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0158000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt04013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt04013
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0107
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt043485
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt043592
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.99990
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0205605
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt09120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0196485
IRS990ScheduleA/Total509Grp/TotalAmt0205605
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt09133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0196485
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0205618
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0BUSINESS CONSULTING 4,000 RESTITUTION 107 TOTAL 4,107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DUE FROM AFFILIATED ORGANIZATION 0 107 TOTAL 0 107
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DUE TO MHCC(RELATED PARTY) 12,735 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MICHIGAN HISPANIC FUND WILL CONTINUE TO PURSUE ITS PRIMARY MISSION TO ENCOURAGE, SUPPORT AND PROMOTE THE CREATION AND GROWTH OF MINORITY HISPANIC BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PROVIDE EDUCATION, MENTORSHIP, LEADERSHIP, TECHNICAL TRAINING, AND ENTREPRENEURIAL SKILLS SUPPORT TO STRUGGLING MINORITY INDIVIDUALS IN THE HISPANIC BUSINESS COMMUNITY BY SPONSORING CONFERENCES, WORKSHOPS AND OTHER TRAINING SESSIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0JOANN CHAVEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02487922763
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-04-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN HISPANIC FUND
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0383209119
ReturnHeader/Filer/PhoneNum02487922763
ReturnHeader/Filer/USAddress/AddressLine1Txt031455 SOUTHFIELD ROAD SUITE 103
ReturnHeader/Filer/USAddress/CityNm0BEVERLY HILLS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048025
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0A8243B15880949CEE41C934FDB8C21EEF49224FF
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0909F38CB781AE1AB0941FBA0E44A82132A4193F3
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753148637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLAUPITZ & MADHAVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05700 CROOKS RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0480982812
ReturnHeader/PreparerPersonGrp/PhoneNum02486491600
ReturnHeader/PreparerPersonGrp/PreparationDt02017-04-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T ALLEMAN
ReturnHeader/ReturnTs02017-04-18T18:35:09+00:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$89,930
Liabilities
$0
Net assets
$89,930
Revenue
$9,120
Expenses
$78,644
Net income
-$69,524
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.43$0.10$1.33$1.44$2.15$0.71
2023Detailed filing. Detailed filing data is available for this year.$2.13$0.09$2.04$0.77$0.94$0.17
2022Detailed filing. Detailed filing data is available for this year.$2.21$0.00$2.21$0.91$0.58$0.33
2021Detailed filing. Detailed filing data is available for this year.$1.88$0.00$1.88$0.01$0.70$0.70
2020Detailed filing. Detailed filing data is available for this year.$2.58$0.00$2.58$0.05$0.82$0.77
2019Detailed filing. Detailed filing data is available for this year.$3.35$0.00$3.35$0.11$0.67$0.55
2018Detailed filing. Detailed filing data is available for this year.$3.90$0.00$3.90$0.07$0.10$0.03
2017Detailed filing. Detailed filing data is available for this year.$3.94$0.00$3.94$3.55$0.52$3.04
2016Detailed filing. Detailed filing data is available for this year.$0.90$0.00$0.90$0.09$0.79$0.70
2015Detailed filing. Detailed filing data is available for this year.$1.72$0.13$1.59$1.96$0.37$1.59