Civic Intelligence

Michigan Hispanic Fund

990EZ • Fiscal year 2020 • EIN 38-3209119

Jan 01, 2020 to Dec 31, 2020 • Filed on Jul 14, 2021

Organization ProfileN/A
PO Box 397New Baltimore, MI 48047

(248) 645-7421

Siviq Scores

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

Liabilities / Assets

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

55th percentile

0.00x

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

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

1st percentile

-1603%

Higher net margin than 1% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

18th percentile

-23%

Faster asset growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

18th percentile

-57%

Faster revenue growth than 18% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets55th percentile

Assets

Down

$257,796

Down $77,350 (-23%) from 2019

Net Assets

Down

$257,796

Down $77,350 (-23%) from 2019

Liabilities

Flat

$0

Flat from 2019

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin1st percentile

Revenue

Down

$4,826

Down $6,480 (-57%) from 2019

Expenses

Up

$82,176

Up $15,538 (+23%) from 2019

Net Income

Down

-$77,350

Down $22,018 (-40%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth18th 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

2020

Assets$257,796
Liabilities$0
Net Assets$257,796
Open 2020 Filing

Operations Trend

Revenue Growth18th 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

2020

Revenue$4,826
Expenses$82,176
Net Income-$77,350
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jul 14, 2021
Return Version
2020v4.0
Gross Receipts
$4,826
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.-$79,786
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JEFF WYATTTreasurer-$0--
GUILLERMO BORQUEZDirector-$0--
JESSE VEGASDirector-$0--
GABRIEL RODRIGUEZ-GARRIGAChairperson-$0--
Filing and Contact Details

Filer

Filer Name
Michigan Hispanic Fund
EIN
38-3209119
Phone
2486457421
Address
PO BOX 397, NEW BALTIMORE, MI 48047

Signing Officer

Name
Gabriel Rodriguez-garriga
Title
Chairperson
Phone
2487922763
Signed
2021-07-14

Preparer

Firm
Schlaupitz Madhavan Pc
Address
820 KIRTS BLVD SUITE 100, TROY, MI 48084
Preparer
Daniel T Alleman
Phone
2486491600
Supplemental Narrative

Additional Explanations

Form 990-ez, Part II, Line 24

“Due from affiliated organization 200 500 total 200 500”

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 Appendix151 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
CompensationExplanation/CompensationExplanationGrp/PersonNm0JEFF WYATT
CompensationExplanation/CompensationExplanationGrp/PersonNm1GUILLERMO BORQUEZ
CompensationExplanation/CompensationExplanationGrp/PersonNm2JESSE VEGAS
CompensationExplanation/CompensationExplanationGrp/PersonNm3GABRIEL RODRIGUEZGARRIGA
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0GABRIEL RODRIGUEZ-GARRIGA
IRS990EZ/BooksInCareOfDetail/PhoneNum02486457421
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt01938 BURDETTE ST
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FERNDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd048220
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0334946
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0257296
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-77350
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt082176
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0335146
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IRS990EZ/GrossReceiptsAmt04826
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InvestmentIncomeAmt04826
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0335146
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0257796
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0335146
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt01.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt11.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt21.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt31.50
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JEFF WYATT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1GUILLERMO BORQUEZ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2JESSE VEGAS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3GABRIEL RODRIGUEZ-GARRIGA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0TREASURER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3CHAIRPERSON
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt0200
IRS990EZ/OtherAssetsTotalDetail/EOYAmt0500
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/ProgramServiceExpensesAmt079786
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0MI
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt082176
IRS990EZ/TotalProgramServiceExpensesAmt079786
IRS990EZ/TotalRevenueAmt04826
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0355000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt05000
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0360000
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt04826
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt09006
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt06402
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0329
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt020576
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt02300
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0305
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt04013
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt06618
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt0107
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0107
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt04826
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt09006
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt06402
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0329
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt020576
IRS990ScheduleA/InvestmentIncomeCYPct00.05000
IRS990ScheduleA/InvestmentIncomePYPct00.03000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94690
IRS990ScheduleA/PublicSupportPY509Pct00.97280
IRS990ScheduleA/PublicSupportTotal509Amt0366725
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt02300
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0305
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0355000
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt09120
IRS990ScheduleA/Total509Grp/TotalAmt0366725
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04826
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt011306
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt06707
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0355329
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt09133
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0387301
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DUE FROM AFFILIATED ORGANIZATION 200 500 TOTAL 200 500
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE 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/ExplanationTxt2PROVIDE 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 II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0GABRIEL RODRIGUEZ-GARRIGA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIRPERSON
ReturnHeader/BusinessOfficerGrp/PhoneNum02487922763
ReturnHeader/BusinessOfficerGrp/SignatureDt02021-07-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MICHIGAN HISPANIC FUND
ReturnHeader/Filer/BusinessNameControlTxt0MICH
ReturnHeader/Filer/EIN0383209119
ReturnHeader/Filer/PhoneNum02486457421
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 397
ReturnHeader/Filer/USAddress/CityNm0NEW BALTIMORE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048047
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0753148637
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SCHLAUPITZ MADHAVAN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0820 KIRTS BLVD SUITE 100
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0TROY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048084
ReturnHeader/PreparerPersonGrp/PhoneNum02486491600
ReturnHeader/PreparerPersonGrp/PreparationDt02021-07-16
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DANIEL T ALLEMAN
ReturnHeader/ReturnTs02021-07-16T11:20:35-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0GABRIEL
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0RODRIGUEZ GARRIGA
ReturnHeader/TaxPeriodBeginDt02020-01-01
ReturnHeader/TaxPeriodEndDt02020-12-31
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$257,796
Liabilities
$0
Net assets
$257,796
Revenue
$4,826
Expenses
$82,176
Net income
-$77,350
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