Form 990, Page 6, Part VI, Line 2
“Asael ruiz asael ruiz board member board member son is a board member ricardo ruiz ricardo ruiz board member board member father is a board member”
990 • Fiscal year 2019 • EIN 39-1522543
Scores are not available for this record yet.
Assets
Flat$2,118,765
Flat from 2019
Net Assets
Flat$2,060,184
Flat from 2019
Liabilities
Flat$58,581
Flat from 2019
Revenue
Flat$1,792,323
Flat from 2019
Expenses
Flat$1,696,105
Flat from 2019
Net Income
Flat$96,218
Flat from 2019
Our mission provides a cultural and educational environment to enhance and improve academic success of the hispanic community while promoting a better understanding of the arts, history, literature and perpetuation of hispanic culture. Wisconsin hispanic scholarship foundation assists in opening opportunities for advancement of the quality of life among hispanics. Year-round activities of the wisconsin hispanic scholarship foundation (whsf) serve as a vehicle by which to provide, enhance and understand the cultural, educational, artistic, economic development and literary environment of the hispanic community in the metro milwaukee area, as well as throughout the state and the country. Whsf stages an annual three day festival (mexican fiesta) on the lakefront summerfest grounds each august, an event undertaken by the organization's army of 1,000 volunteers and attended by as many as 75,000 festgoers. Anchoring the grounds, is the huge cultural village with artisans, vendors, and exhibi
Our mission provides a cultural and educational environment to enhance and improve academic success of the hispanic community while promoting a better understanding of the arts, history, literature and perpetuation of hispanic culture. Wisconsin hispanic scholarship foundation assists in opening opportunities for advancement of the quality of life among hispanics. Year-round activities of the wisconsin hispanic scholarship foundation (whsf) serve as a vehicle by which to provide, enhance and understand the cultural, educational, artistic, economic development and literary environment of the hispanic community in the metro milwaukee area, as well as throughout the state and the country. Whsf stages an annual three day festival (mexican fiesta) on the lakefront summerfest grounds each august, an event undertaken by the organization's army of 1,000 volunteers and attended by at least 80,000 festgoers. Anchoring the grounds, is the huge cultural village with artisans, vendors, and exhibito
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Land, Buildings, and Equipment, Net | $1,218,039 | $1,186,591 | ▼ $31,448 |
| Cash and Non-Interest-Bearing Accounts | $596,601 | $758,962 | ▲ $162,361 |
| Savings and Temporary Cash Investments | $133,860 | $153,439 | ▲ $19,579 |
| Accounts Receivable | $37,008 | $19,773 | ▼ $17,235 |
| Total Assets | $1,985,508 | $2,118,765 | ▲ $133,257 |
| Liabilities | |||
| Other Liabilities | - | $48,737 | - |
| Accounts Payable and Accrued Expenses | $13,903 | $9,844 | ▼ $4,059 |
| Total Liabilities | $13,903 | $58,581 | ▲ $44,678 |
| Net Assets / Fund Balance | |||
| Net Assets Without Donor Restrictions | $1,971,605 | $2,060,184 | ▲ $88,579 |
| Total Net Assets Fund Balance | $1,971,605 | $2,060,184 | ▲ $88,579 |
| Total Liabilities and Net Assets / Fund Balance | $1,985,508 | $2,118,765 | ▲ $133,257 |
| Asset | Book Value | Depreciation | Basis |
|---|---|---|---|
| Buildings | $849,625 | $168,422 | $1,018,047 |
| Leasehold Improvements | $134,786 | $28,264 | $163,050 |
| Land | $119,805 | - | $119,805 |
| Equipment | $34,635 | $76,335 | $110,970 |
| Other Land Buildings | $47,740 | $11,906 | $59,646 |
| Name | Title |
|---|---|
| Ruben Burgos | President |
| Antonio Guajardo | Trustee |
| Asael Ruiz | Trustee |
| Diana Moreno | Trustee |
| Ivan Gamboa | Trustee |
| Julio Guix | Trustee |
| Lupe Martinez | Trustee |
| Marina Croft | Trustee |
| Ray Bacalzo | Trustee |
| Tamara Olivas | Trustee |
| Woody Welch | Trustee |
| Gregorio Montoto | 1st Vice Pre |
| Ricardo Ruiz | 2nd Vice Pre |
| Jason Hyland | Honorary Boa |
| Luis Gonzales | Honorary Boa |
| Oscar Cervera | Honorary Boa |
| Arturo Martinez | Secretary |
| Ernesto Baca | Treasurer |
| Line Item | Amount |
|---|---|
| Other Expenses | $1,529,683 |
| Salaries, Compensation, and Employee Benefits | $166,422 |
| Total Fundraising Expense | $21,194 |
| Grants and Similar Amounts Paid | $0 |
| Professional Fundraising Fees | $0 |
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| All Other Expenses | $137,850 | $41,765 | - | $179,615 |
| Other Salaries and Wages | $121,372 | $15,172 | $15,172 | $151,716 |
| Occupancy | $93,502 | $14,887 | $396 | $108,785 |
| Advertising | $60,407 | - | - | $60,407 |
| Other Expenses | $56,453 | - | - | $56,453 |
| Depreciation Depletion | - | $53,990 | - | $53,990 |
| Insurance | $33,250 | $4,156 | $4,156 | $41,562 |
| Office Expenses | $7,102 | $34,410 | - | $41,512 |
| Payroll Taxes | $11,765 | $1,471 | $1,470 | $14,706 |
| Conferences and Meetings | $3,083 | - | - | $3,083 |
| Travel | - | $729 | - | $729 |
| Total Functional Expenses | $1,508,331 | $166,580 | $21,194 | $1,696,105 |
| Line Item | Amount |
|---|---|
| Fundraising Gross Income | $47,673 |
| Fundraising Direct Expenses | $25,756 |
| Professional Fundraising Fees | $0 |
| Event | Gross Receipts | Gross Revenue | Direct Expenses | Net Income |
|---|---|---|---|---|
| Golf Tournament | $40,969 | $40,969 | $24,439 | $16,530 |
| Taco Dinner | $6,704 | $6,704 | $1,317 | $5,387 |
| Total Events | $47,673 | $47,673 | $25,756 | $21,917 |
| Liability | Amount |
|---|---|
| Payroll and Deposits | $48,737 |
“Asael ruiz asael ruiz board member board member son is a board member ricardo ruiz ricardo ruiz board member board member father is a board member”
“The form 990 is given in draft format to the executive director, who then presents it to the board of directors. One of the officers signs the form 8879-eo for efiling.”
“Board approves of executive director's compensation. Elected officers of the corporation shall not receive compensation for serving as officers. However, officers may receive reimbursement for reasonable expenses incurred in connection with corporate matters, provided that such reimbursement is reported and recorded at a meeting of the board of directors at which a quorum is present.”
“A written request for financial statements may be submitted to the organization to the address listed on the first page of this return. The organization's filed 990s are available on guidestar.org.”
“Our mission provides a cultural and educational environment to enhance and improve academic success of the hispanic community while promoting a better understanding of the arts, history, literature and perpetuation of hispanic culture. Wisconsin hispanic scholarship foundation assists in opening opportunities for advancement of the quality of life among hispanics. Year-round activities of the wisconsin hispanic scholarship foundation (whsf) serve as a vehicle by which to provide, enhance and understand the cultural, educational, artistic, economic development and literary environment of the hispanic community in the metro milwaukee area, as well as throughout the state and the country. Whsf stages an annual three day festival (mexican fiesta) on the lakefront summerfest grounds each august, an event undertaken by the organization's army of 1,000 volunteers and attended by at least 80,000 festgoers. Anchoring the grounds, is the huge cultural village with artisans, vendors, and exhibitors from mexico and another countries, as well as educational forums. As many as 600 musical & dance participants from mexico, south america and throughout the united states are a major attraction. Ethnicity plays a key role also with an array of mexican food and beverages from as many as 100 vendors. Nearly 100 vendors fill a market square and among the many attractions are a children's area, a unique car show, and amusement rides. To meet the needs of a large festival audience, there is a social service resource center. Most importantly, a number of beverage tents are staffed by local community non-profit organizations, providing an economic staple to these valued entities. Critically important is whsf's ongoing work with the mexican embassy in chicago. Several times a year, our offices provide the setting for valued consular activities such as provision of mexican id (matriculas) and passports, as well as important informational activities for local residents who might otherwise have to travel to illinois. Also, crucial to our foundation, is to confront public health issues that affect our community, this is why our foundation years ago made the decision to develop the "fiesta walk" with the objectives to create and maximize public awareness of the devastating effects of obesity and diabetes and secondly, to encourage positive prevention strategies, especially to those that will enable families to lead a significantly better healthy life style. Tradition plays a key role in our endeavors also. Each january, the whsf hosts a day of epiphany which finds young people enjoying light snacks, music and cultural entertainment, plus special gifts. Up to 800 have attended this event. Outreach to families is an essential element of whsf's agenda and so an annual taco dinner is held each spring at a the whsf grounds. It's popularity increases each year because the feature is an all-you-can-eat dinner with all the trimmings. Especially attractive to large families with children, the dinner features entertaining dance, music, and cultural performances. The organization also understands the importance that sporting events play in bringing together members of the community, sponsors, vendors and individuals from various institutions throughout the metro area to raise scholarship funds for hispanic students. That is the reason for two summer golf tournaments, events which attract as many as 200 golfers. A milwaukee tradition is the annual holiday folk fair, a showcase for the city's many ethnic groups. Whsf is pleased to join with a myriad of cultures under one roof and celebrate the diversity of this great community. As many as 150 ethnic groups and cultures are represented at any one time. For whsf, education becomes a valued component of our existence. Deserving young men and women striving for higher education are the recipients of a scholarship awards program which has dispensed nearly 1,000,000 over the years to more than 700 students, fraternities, soro”
“All fundraising events, including the mexican fiesta, is staffed by volunteers. Also, scholarship recipients are required to volunteer for the fiesta.”
“Equip rental / maintenanc 56,291 0 0 grants 36,530 0 0 bank service charge 0 28,087 0 professional fees 13,588 0 0 repairs & maintenance 0 12,379 0 volunteer appreciation 10,472 0 0 donations 6,591 0 0 telephone 5,464 396 0 licenses/permits/dues 5,521 0 0 food 2,226 0 0 sponsorship expenses 1,167 0 0 miscellaneous 0 903 0 total 137,850 41,765 0”
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| IRS990/ActivityOrMissionDesc | 0 | OUR MISSION PROVIDES A CULTURAL AND EDUCATIONAL ENVIRONMENT TO ENHANCE AND IMPROVE ACADEMIC SUCCESS OF THE HISPANIC COMMUNITY WHILE PROMOTING A BETTER UNDERSTANDING OF THE ARTS, HISTORY, LITERATURE AND PERPETUATION OF HISPANIC CULTURE. WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION ASSISTS IN OPENING OPPORTUNITIES FOR ADVANCEMENT OF THE QUALITY OF LIFE AMONG HISPANICS. YEAR-ROUND ACTIVITIES OF THE WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION (WHSF) SERVE AS A VEHICLE BY WHICH TO PROVIDE, ENHANCE AND UNDERSTAND THE CULTURAL, EDUCATIONAL, ARTISTIC, ECONOMIC DEVELOPMENT AND LITERARY ENVIRONMENT OF THE HISPANIC COMMUNITY IN THE METRO MILWAUKEE AREA, AS WELL AS THROUGHOUT THE STATE AND THE COUNTRY. WHSF STAGES AN ANNUAL THREE DAY FESTIVAL (MEXICAN FIESTA) ON THE LAKEFRONT SUMMERFEST GROUNDS EACH AUGUST, AN EVENT UNDERTAKEN BY THE ORGANIZATION'S ARMY OF 1,000 VOLUNTEERS AND ATTENDED BY AT LEAST 80,000 FESTGOERS. ANCHORING THE GROUNDS, IS THE HUGE CULTURAL VILLAGE WITH ARTISANS, VENDORS, AND EXHIBITO |
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| IRS990/Desc | 0 | THE YEAR-ROUND ACTIVITIES OF THE WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION SERVE AS A VEHICLE BY WHICH TO PROVIDE, ENHANCE AND UNDERSTAND THE CULTURAL, EDUCATIONAL, ARTISTIC, ECONOMIC DEVELOPMENT AND LITERARY ENVIROMENT OF THE HISPANIC COMMUNITY IN THE METRO MILWAUKEE AREA, AS WELL AS THROUGH THE STATE AND THE COUNTRY. EDUCATION BECOMES A VALUED COMPONENT OF THE ORGANIZATION'S EXISTENCE, SO OUR 3-DAY CULTURAL FESTIVAL ALLOWS US TO PROVIDE A SCHOLARSHIP PROGRAM. SINCE ITS INCEPTION, THE ORGANIZATION HAS AWARDED OVER 1,000,000 IN ACADEMIC SCHOLARSHIPS. THESE SCHOLARSHIPS HAVE ALLOWED ASPIRING HISPANIC STUDENTS TO LIVE THEIR DREAMS OF FURTHERING THEIR EDUCATION. THIS YEAR, 50 STUDENTS RECEIVED SCHOLARSHIPS FROM OUR ORGANIZATION. |
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| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OUR MISSION PROVIDES A CULTURAL AND EDUCATIONAL ENVIRONMENT TO ENHANCE AND IMPROVE ACADEMIC SUCCESS OF THE HISPANIC COMMUNITY WHILE PROMOTING A BETTER UNDERSTANDING OF THE ARTS, HISTORY, LITERATURE AND PERPETUATION OF HISPANIC CULTURE. WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION ASSISTS IN OPENING OPPORTUNITIES FOR ADVANCEMENT OF THE QUALITY OF LIFE AMONG HISPANICS. YEAR-ROUND ACTIVITIES OF THE WISCONSIN HISPANIC SCHOLARSHIP FOUNDATION (WHSF) SERVE AS A VEHICLE BY WHICH TO PROVIDE, ENHANCE AND UNDERSTAND THE CULTURAL, EDUCATIONAL, ARTISTIC, ECONOMIC DEVELOPMENT AND LITERARY ENVIRONMENT OF THE HISPANIC COMMUNITY IN THE METRO MILWAUKEE AREA, AS WELL AS THROUGHOUT THE STATE AND THE COUNTRY. WHSF STAGES AN ANNUAL THREE DAY FESTIVAL (MEXICAN FIESTA) ON THE LAKEFRONT SUMMERFEST GROUNDS EACH AUGUST, AN EVENT UNDERTAKEN BY THE ORGANIZATION'S ARMY OF 1,000 VOLUNTEERS AND ATTENDED BY AT LEAST 80,000 FESTGOERS. ANCHORING THE GROUNDS, IS THE HUGE CULTURAL VILLAGE WITH ARTISANS, VENDORS, AND EXHIBITORS FROM MEXICO AND ANOTHER COUNTRIES, AS WELL AS EDUCATIONAL FORUMS. AS MANY AS 600 MUSICAL & DANCE PARTICIPANTS FROM MEXICO, SOUTH AMERICA AND THROUGHOUT THE UNITED STATES ARE A MAJOR ATTRACTION. ETHNICITY PLAYS A KEY ROLE ALSO WITH AN ARRAY OF MEXICAN FOOD AND BEVERAGES FROM AS MANY AS 100 VENDORS. NEARLY 100 VENDORS FILL A MARKET SQUARE AND AMONG THE MANY ATTRACTIONS ARE A CHILDREN'S AREA, A UNIQUE CAR SHOW, AND AMUSEMENT RIDES. TO MEET THE NEEDS OF A LARGE FESTIVAL AUDIENCE, THERE IS A SOCIAL SERVICE RESOURCE CENTER. MOST IMPORTANTLY, A NUMBER OF BEVERAGE TENTS ARE STAFFED BY LOCAL COMMUNITY NON-PROFIT ORGANIZATIONS, PROVIDING AN ECONOMIC STAPLE TO THESE VALUED ENTITIES. CRITICALLY IMPORTANT IS WHSF'S ONGOING WORK WITH THE MEXICAN EMBASSY IN CHICAGO. SEVERAL TIMES A YEAR, OUR OFFICES PROVIDE THE SETTING FOR VALUED CONSULAR ACTIVITIES SUCH AS PROVISION OF MEXICAN ID (MATRICULAS) AND PASSPORTS, AS WELL AS IMPORTANT INFORMATIONAL ACTIVITIES FOR LOCAL RESIDENTS WHO MIGHT OTHERWISE HAVE TO TRAVEL TO ILLINOIS. ALSO, CRUCIAL TO OUR FOUNDATION, IS TO CONFRONT PUBLIC HEALTH ISSUES THAT AFFECT OUR COMMUNITY, THIS IS WHY OUR FOUNDATION YEARS AGO MADE THE DECISION TO DEVELOP THE "FIESTA WALK" WITH THE OBJECTIVES TO CREATE AND MAXIMIZE PUBLIC AWARENESS OF THE DEVASTATING EFFECTS OF OBESITY AND DIABETES AND SECONDLY, TO ENCOURAGE POSITIVE PREVENTION STRATEGIES, ESPECIALLY TO THOSE THAT WILL ENABLE FAMILIES TO LEAD A SIGNIFICANTLY BETTER HEALTHY LIFE STYLE. TRADITION PLAYS A KEY ROLE IN OUR ENDEAVORS ALSO. EACH JANUARY, THE WHSF HOSTS A DAY OF EPIPHANY WHICH FINDS YOUNG PEOPLE ENJOYING LIGHT SNACKS, MUSIC AND CULTURAL ENTERTAINMENT, PLUS SPECIAL GIFTS. UP TO 800 HAVE ATTENDED THIS EVENT. OUTREACH TO FAMILIES IS AN ESSENTIAL ELEMENT OF WHSF'S AGENDA AND SO AN ANNUAL TACO DINNER IS HELD EACH SPRING AT A THE WHSF GROUNDS. IT'S POPULARITY INCREASES EACH YEAR BECAUSE THE FEATURE IS AN ALL-YOU-CAN-EAT DINNER WITH ALL THE TRIMMINGS. ESPECIALLY ATTRACTIVE TO LARGE FAMILIES WITH CHILDREN, THE DINNER FEATURES ENTERTAINING DANCE, MUSIC, AND CULTURAL PERFORMANCES. THE ORGANIZATION ALSO UNDERSTANDS THE IMPORTANCE THAT SPORTING EVENTS PLAY IN BRINGING TOGETHER MEMBERS OF THE COMMUNITY, SPONSORS, VENDORS AND INDIVIDUALS FROM VARIOUS INSTITUTIONS THROUGHOUT THE METRO AREA TO RAISE SCHOLARSHIP FUNDS FOR HISPANIC STUDENTS. THAT IS THE REASON FOR TWO SUMMER GOLF TOURNAMENTS, EVENTS WHICH ATTRACT AS MANY AS 200 GOLFERS. A MILWAUKEE TRADITION IS THE ANNUAL HOLIDAY FOLK FAIR, A SHOWCASE FOR THE CITY'S MANY ETHNIC GROUPS. WHSF IS PLEASED TO JOIN WITH A MYRIAD OF CULTURES UNDER ONE ROOF AND CELEBRATE THE DIVERSITY OF THIS GREAT COMMUNITY. AS MANY AS 150 ETHNIC GROUPS AND CULTURES ARE REPRESENTED AT ANY ONE TIME. FOR WHSF, EDUCATION BECOMES A VALUED COMPONENT OF OUR EXISTENCE. DESERVING YOUNG MEN AND WOMEN STRIVING FOR HIGHER EDUCATION ARE THE RECIPIENTS OF A SCHOLARSHIP AWARDS PROGRAM WHICH HAS DISPENSED NEARLY 1,000,000 OVER THE YEARS TO MORE THAN 700 STUDENTS, FRATERNITIES, SORO |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | ALL FUNDRAISING EVENTS, INCLUDING THE MEXICAN FIESTA, IS STAFFED BY VOLUNTEERS. ALSO, SCHOLARSHIP RECIPIENTS ARE REQUIRED TO VOLUNTEER FOR THE FIESTA. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | ASAEL RUIZ ASAEL RUIZ BOARD MEMBER BOARD MEMBER SON IS A BOARD MEMBER RICARDO RUIZ RICARDO RUIZ BOARD MEMBER BOARD MEMBER FATHER IS A BOARD MEMBER |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE FORM 990 IS GIVEN IN DRAFT FORMAT TO THE EXECUTIVE DIRECTOR, WHO THEN PRESENTS IT TO THE BOARD OF DIRECTORS. ONE OF THE OFFICERS SIGNS THE FORM 8879-EO FOR EFILING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | BOARD APPROVES OF EXECUTIVE DIRECTOR'S COMPENSATION. ELECTED OFFICERS OF THE CORPORATION SHALL NOT RECEIVE COMPENSATION FOR SERVING AS OFFICERS. HOWEVER, OFFICERS MAY RECEIVE REIMBURSEMENT FOR REASONABLE EXPENSES INCURRED IN CONNECTION WITH CORPORATE MATTERS, PROVIDED THAT SUCH REIMBURSEMENT IS REPORTED AND RECORDED AT A MEETING OF THE BOARD OF DIRECTORS AT WHICH A QUORUM IS PRESENT. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | A WRITTEN REQUEST FOR FINANCIAL STATEMENTS MAY BE SUBMITTED TO THE ORGANIZATION TO THE ADDRESS LISTED ON THE FIRST PAGE OF THIS RETURN. THE ORGANIZATION'S FILED 990S ARE AVAILABLE ON GUIDESTAR.ORG. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | EQUIP RENTAL / MAINTENANC 56,291 0 0 GRANTS 36,530 0 0 BANK SERVICE CHARGE 0 28,087 0 PROFESSIONAL FEES 13,588 0 0 REPAIRS & MAINTENANCE 0 12,379 0 VOLUNTEER APPRECIATION 10,472 0 0 DONATIONS 6,591 0 0 TELEPHONE 5,464 396 0 LICENSES/PERMITS/DUES 5,521 0 0 FOOD 2,226 0 0 SPONSORSHIP EXPENSES 1,167 0 0 MISCELLANEOUS 0 903 0 TOTAL 137,850 41,765 0 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990 - ORGANIZATION'S MISSION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PAGE 1, PART I, LINE 6 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PAGE 6, PART VI, LINE 2 |
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Displayed year
2019 • Form 990Detailed filing. Detailed filing data is available for this year.