Michigan Hispanic Fund

990EZ • Fiscal year 2018 • EIN 38-3209119

Jan 01, 2018 to Dec 31, 2018 • Filed on Jun 18, 2019

Organization Profile N/A

1938 Burdette StFerndale, MI 48220

(248) 792-2763

Siviq Scores

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

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

0.00x

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

-47%

Higher net margin than 9% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

Higher top officer pay than 76% of similar nonprofits.

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

2018 filings • 501(c)3 • <$500k nonprofits • Source year 2018

-0.8%

Faster asset growth than 44% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

-98%

Faster revenue growth than 2% of similar nonprofits.

2018 filings • 501(c)3 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet

Liabilities / Assets57th percentile

Assets

Down

$390,478

Down $3,181 (-0.8%) from 2017

Net Assets

Down

$390,478

Down $3,181 (-0.8%) from 2017

Liabilities

Flat

Flat from 2017

Revenue And Expenses

Liabilities / Revenue56th percentile Net Margin9th percentile

Revenue

Down

$6,707

Down $348,622 (-98%) from 2017

Expenses

Down

$9,888

Down $41,712 (-81%) from 2017

Net Income

Down

-$3,181

Down $306,910 (-101%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth44th percentile

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

Highlighted filing

2018

Assets$390,478

Liabilities$0

Net Assets$390,478

Open 2018 Filing

Operations Trend

Revenue Growth2nd percentile

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

Highlighted filing

2018

Revenue$6,707

Expenses$9,888

Net Income-$3,181

Open 2018 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2018 to Dec 31, 2018
Signed: Jun 18, 2019
Return Version: 2018v3.1
Gross Receipts: $6,707

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

Description	Grants	Expenses
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.	-	$9,738

Compensation and Service Providers

Top Officer Pay76th percentile

Employees

Name	Title	Full / Part Time	Base	Other	Total
JOANN CHAVEZ	Chair	-	$0	-	-
JEFF WYATT	Treasurer	-	$0	-	-
GUILLERMO BORQUEZ	Director	-	$0	-	-

Filing and Contact Details

Filer

Filer Name: Michigan Hispanic Fund
EIN: 38-3209119
Phone: 2487922763
Address: 1938 BURDETTE ST, FERNDALE, MI 48220

Signing Officer

Name: Joann Chavez
Title: Chair
Phone: 2487922763
Signed: 2019-06-18

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-ez, Part I, Line 8

“Restitution 305 total 305”

Form 990-ez, Part II, Line 24

“Due from affiliated organization 2,607 0 total 2,607 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 Appendix148 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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IRS990EZ/AddressChangeInd	0	X
IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt	0	SCHLAUPITZ & MADHAVAN PC
IRS990EZ/BooksInCareOfDetail/PhoneNum	0	2486491600
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt	0	5700 CROOKS ROAD SUITE 201
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm	0	TROY
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd	0	MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd	0	48098
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt	0	391052
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt	0	390478
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd	0	false
IRS990EZ/DonorAdvisedFndsInd	0	false
IRS990EZ/EngagedInExcessBenefitTransInd	0	false
IRS990EZ/ExcessOrDeficitForYearAmt	0	-3181
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt	0	9888
IRS990EZ/FiledScheduleAInd	0	true
IRS990EZ/ForeignFinancialAccountInd	0	false
IRS990EZ/ForeignOfficeInd	0	false
IRS990EZ/Form1120PolFiledInd	0	false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt	0	393659
IRS990EZ/Form990TotalAssetsGrp/EOYAmt	0	390478
IRS990EZ/GrossReceiptsAmt	0	6707
IRS990EZ/InfoInScheduleOPartIIIInd	0	X
IRS990EZ/InfoInScheduleOPartIIInd	0	X
IRS990EZ/InfoInScheduleOPartIInd	0	X
IRS990EZ/InvestmentIncomeAmt	0	6402
IRS990EZ/LobbyingActivitiesInd	0	false
IRS990EZ/MadeLoansToFromOfficersInd	0	false
IRS990EZ/MethodOfAccountingCashInd	0	X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt	0	393659
IRS990EZ/NetAssetsOrFundBalancesEOYAmt	0	390478
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt	0	393659
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt	0	390478
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	0	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	1	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt	2	1.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	0	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	1	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt	2	0
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	0	JOANN CHAVEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	1	JEFF WYATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm	2	GUILLERMO BORQUEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	0	CHAIR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	1	TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt	2	DIRECTOR
IRS990EZ/OperateHospitalInd	0	false
IRS990EZ/Organization501c3Ind	0	X
IRS990EZ/OrganizationDissolvedEtcInd	0	false
IRS990EZ/OrganizationHadUBIInd	0	false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt	0	2607
IRS990EZ/OtherRevenueTotalAmt	0	305
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt	0	NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt	0	NONE
IRS990EZ/PoliticalCampaignActyInd	0	false
IRS990EZ/PrimaryExemptPurposeTxt	0	THE 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/DescriptionProgramSrvcAccomTxt	0	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.
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt	0	9738
IRS990EZ/ProhibitedTaxShelterTransInd	0	false
IRS990EZ/RelatedOrganizationCtrlEntInd	0	false
IRS990EZ/ScheduleBNotRequiredInd	0	X
IRS990EZ/SchoolOperatingInd	0	false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd	0	MI
IRS990EZ/SubjectToProxyTaxInd	0	false
IRS990EZ/TanningServicesProvidedInd	0	false
IRS990EZ/TotalExpensesAmt	0	9888
IRS990EZ/TotalProgramServiceExpensesAmt	0	9738
IRS990EZ/TotalRevenueAmt	0	6707
IRS990EZ/TransactionWithControlEntInd	0	false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd	0	false
IRS990EZ/TypeOfOrganizationCorpInd	0	X
IRS990EZ/WebsiteAddressTxt	0	N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt	0	355000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt	0	5000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt	0	153000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt	0	513000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt	0	6402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt	0	329
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt	0	13
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt	0	6744
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt	0	305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt	0	4013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt	0	4318
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt	0	107
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt	0	43485
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt	0	43592
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt	0	6402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt	0	329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt	0	13
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt	0	6744
IRS990ScheduleA/InvestmentIncomeCYPct	0	0.01000
IRS990ScheduleA/InvestmentIncomePYPct	0	0.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind	0	X
IRS990ScheduleA/PublicSupportCY509Pct	0	0.98810
IRS990ScheduleA/PublicSupportPY509Pct	0	0.99940
IRS990ScheduleA/PublicSupportTotal509Amt	0	560910
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind	0	X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt	0	305
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt	0	355000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt	0	9120
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt	0	196485
IRS990ScheduleA/Total509Grp/TotalAmt	0	560910
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt	0	6707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt	0	355329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt	0	9133
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt	0	196485
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt	0	567654
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	0	RESTITUTION 305 TOTAL 305
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	1	DUE FROM AFFILIATED ORGANIZATION 2,607 0 TOTAL 2,607 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt	2	THE 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/ExplanationTxt	3	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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	0	FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	1	FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	2	FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc	3	FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS	0	2019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/PersonNm	0	JOANN CHAVEZ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt	0	CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum	0	2487922763
ReturnHeader/BusinessOfficerGrp/SignatureDt	0	2019-06-18
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt	0	MICHIGAN HISPANIC FUND
ReturnHeader/Filer/BusinessNameControlTxt	0	MICH
ReturnHeader/Filer/EIN	0	383209119
ReturnHeader/Filer/PhoneNum	0	2487922763
ReturnHeader/Filer/USAddress/AddressLine1Txt	0	1938 BURDETTE ST
ReturnHeader/Filer/USAddress/CityNm	0	FERNDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd	0	MI
ReturnHeader/Filer/USAddress/ZIPCd	0	48220
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId	0	267D19CE23FFFCBE4FF9ABDE15E6A77562F1D5F0
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ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd	0	P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt	0	66.77.128.118
ReturnHeader/FilingSecurityInformation/IPDt	0	2019-06-18
ReturnHeader/FilingSecurityInformation/IPTimezoneCd	0	CD
ReturnHeader/FilingSecurityInformation/IPTm	0	15:21:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN	0	753148637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt	0	SCHLAUPITZ & MADHAVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt	0	5700 CROOKS RD STE 201
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm	0	TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd	0	MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd	0	480982812
ReturnHeader/PreparerPersonGrp/PhoneNum	0	2486491600
ReturnHeader/PreparerPersonGrp/PreparationDt	0	2019-06-18
ReturnHeader/PreparerPersonGrp/PreparerPersonNm	0	PETER J MATZ
ReturnHeader/ReturnTs	0	2019-06-18T15:21:34-05:00
ReturnHeader/ReturnTypeCd	0	990EZ
ReturnHeader/TaxPeriodBeginDt	0	2018-01-01
ReturnHeader/TaxPeriodEndDt	0	2018-12-31
ReturnHeader/TaxYr	0	2018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing

Assets: $390,478
Liabilities: $0
Net assets: $390,478
Revenue: $6,707
Expenses: $9,888
Net income: -$3,181

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net 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