Civic Intelligence

Michigan Hispanic Fund

990 • Fiscal year 2017 • EIN 38-3209119

Jan 01, 2017 to Dec 31, 2017 • Filed on Nov 05, 2018

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

97th percentile

85%

Higher net margin than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

97th percentile

338%

Faster asset growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

100th percentile

3796%

Faster revenue growth than 100% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$393,659

Up $303,729 (+338%) from 2016

Net Assets

Up

$393,659

Up $303,729 (+338%) from 2016

Liabilities

Flat

$0

Flat from 2016

Revenue

Up

$355,329

Up $346,209 (+3796%) from 2016

Expenses

Down

$51,600

Down $27,044 (-34%) from 2016

Net Income

Up

$303,729

Up $373,253 (+537%) from 2016

Historical Trend

Balance Sheet Trend

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

2017

Assets$393,659
Liabilities$0
Net Assets$393,659

Operations Trend

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

2017

Revenue$355,329
Expenses$51,600
Net Income$303,729
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Nov 5, 2018
Return Version
2017v2.3
Gross Receipts
$355,329
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$89,823$391,052▲ $301,229
Other Notes and Loans Receivable, Net$107$2,607▲ $2,500
Total Assets$89,930$393,659▲ $303,729
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$89,930$393,659▲ $303,729
Total Net Assets Fund Balance$89,930$393,659▲ $303,729
Total Liabilities and Net Assets / Fund Balance$89,930$393,659▲ $303,729
Compensation and Service Providers

Board Members and Trustees

NameTitle
Joann ChavezPresident
Armando OjedaDirector
Kevin BellSecretary
Guillermo BorquezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$355,000
Program Service Revenue
$0
Investment Income
$329
Other Revenue
$0
All Other Contributions
$355,000
Change in Net Assets
$303,729
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$51,600
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$51,450$150-$51,600
Total Functional Expenses$51,450$150$0$51,600
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

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-OfficerProgram Mgmt FeesNo$7,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with family members
No
Business relationship with organization members
Yes
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, Page 6, Part VI, Line 11B

Copy of 990 return will be send to board for reveiw. Will confirm with client.

Form 990, Page 6, Part VI, Line 19

Governing documents are made available upon request.

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
2018-11-05

Organization Details

Principal Officer
Joann Chavez
Formed
1993
Legal Domicile
Mi
Voting Board Members
4
Independent Board Members
4
Employees
0

Preparer

Firm
Schlaupitz & Madhavan Pc
Address
5700 CROOKS RD STE 201, TROY, MI 48098-2812
Preparer
Peter J Matz
Phone
2486491600
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Outside contract services 51,450 0 0 bank fee 0 150 0 total 51,450 150 0

Raw XML Appendix272 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/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
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IRS990/NoListedPersonsCompensatedInd0X
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IRS990/OperateHospitalInd0false
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IRS990/ReportProgramRelatedInvstInd0false
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ReturnHeader/BuildTS02019-02-21 02:37:17Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum02487922763
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-11-05
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ReturnHeader/Filer/EIN0383209119
ReturnHeader/Filer/PhoneNum02487922763
ReturnHeader/Filer/USAddress/AddressLine1Txt031455 SOUTHFIELD ROAD SUITE 103
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ReturnHeader/FilingSecurityInformation/IPTm011:53:09
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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/PreparationDt02018-11-14
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PETER J MATZ
ReturnHeader/ReturnTs02018-11-14T12:53:09-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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