Civic Intelligence

Southwest Florida Hispanic Chamber of Commerce

990 • Fiscal year 2014 • EIN 65-0154409

Jan 01, 2014 to Dec 31, 2014 • Filed on Nov 15, 2015

1400 Colonial BlvdFort Myers, FL 33907-1028

(239) 418-1441

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2014

Liabilities / Revenue

47th percentile

0.00x

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

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Net Margin

88th percentile

26%

Higher net margin than 88% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Top Officer Pay

82nd percentile

$40,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 24.1% of source-year revenue.

2014 filings • 501(c)6 • <$500k nonprofits • Source year 2014

Asset Growth

1st percentile

-100%

Faster asset growth than 1% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

55th percentile

3.9%

Faster revenue growth than 55% of similar nonprofits.

2014 filings • 501(c)6 • <$500k nonprofits • Annualized from 2013 to 2014

Assets

Down

$0

Down $7,963 (-100%) from 2013

Net Assets

Down

$0

Down $7,963 (-100%) from 2013

Liabilities

Flat

$0

Flat from 2013

Revenue

Up

$165,859

Up $6,212 (+3.9%) from 2013

Expenses

Down

$123,434

Down $28,250 (-19%) from 2013

Net Income

Up

$42,425

Up $34,462 (+433%) from 2013

Historical Trend

Balance Sheet Trend

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

$40K$20K$0-$20K-$40KAssets 2011: $15,077Liabilities 2011: $0Net Assets 2011: $15,0772011Assets 2012: $22,469Liabilities 2012: $0Net Assets 2012: $22,4692012Assets 2013: $7,963Liabilities 2013: $0Net Assets 2013: $7,9632013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014Assets 2015: $0Liabilities 2015: $0Net Assets 2015: $02015Assets 2016: $0Liabilities 2016: $0Net Assets 2016: $02016Assets 2017: $2,222Liabilities 2017: $24,347Net Assets 2017: -$22,1252017Assets 2018: $8,862Liabilities 2018: $24,347Net Assets 2018: -$15,4852018Assets 2019: $29,389Liabilities 2019: $26,226Net Assets 2019: $3,1632019Assets 2020: $18,387Liabilities 2020: $28,411Net Assets 2020: -$10,0242020Assets 2021: $33,757Liabilities 2021: $24,654Net Assets 2021: $9,1032021

Highlighted filing

2014

Assets$0
Liabilities$0
Net Assets$0

Operations Trend

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

$200K$150K$100K$50K$0-$50KRevenue 2011: $129,641Expenses 2011: $125,637Net Income 2011: $4,0042011Revenue 2012: $141,859Expenses 2012: $125,074Net Income 2012: $16,7852012Revenue 2013: $159,647Expenses 2013: $151,684Net Income 2013: $7,9632013Revenue 2014: $165,859Expenses 2014: $123,434Net Income 2014: $42,4252014Revenue 2015: $102,445Expenses 2015: $101,073Net Income 2015: $1,3722015Revenue 2016: $98,902Expenses 2016: $103,570Net Income 2016: -$4,6682016Revenue 2017: $96,767Expenses 2017: $119,761Net Income 2017: -$22,9942017Revenue 2018: $62,949Expenses 2018: $56,309Net Income 2018: $6,6402018Revenue 2019: $116,024Expenses 2019: $100,499Net Income 2019: $15,5252019Revenue 2020: $41,794Expenses 2020: $51,257Net Income 2020: -$9,4632020Revenue 2021: $42,371Expenses 2021: $23,244Net Income 2021: $19,1272021

Highlighted filing

2014

Revenue$165,859
Expenses$123,434
Net Income$42,425
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Nov 15, 2015
Return Version
2014v5.0
Gross Receipts
$165,859
Mission and Program Overview

Mission

Advocte and facilitate the success of

Advocte and facilitate the success of the hispanic businesses, and non hispanic businesses markets and communities, foster economic develpment of hispanic entrepeneurs, create and encourage economic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$5,645--
Accounts Receivable$2,318--
Total Assets$7,963$0▼ $7,963
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets$7,963--
Total Net Assets Fund Balance$7,963$0▼ $7,963
Total Liabilities and Net Assets / Fund Balance$7,963$0▼ $7,963
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Veronica CulbertsonCEOFT$40,000$40,000
Thais FeliceSecretaryPT$7,122$7,122

Board Members and Trustees

NameTitle
Roberto ArreolaChairman
Janeth RamirezFirst Vice Chair
Tilly MenchacaVice Chair
Carmen Rey-gomezDirector
Edye ButtonDirector
Kin MyersDirector
Martin AlejandroDirector
Norma AdornoDirector
Robert ForrestDirector
Christina CollinsSecretary
Julio EstremeraTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$119,330
Program Service Revenue
$46,529
Investment Income
$0
Other Revenue
$0
All Other Contributions
$2,000
Change in Net Assets
$42,425
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$82,423
Salaries, Compensation, and Employee Benefits$35,011
Total Fundraising Expense$31,893
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses-$29,767$30,088$59,855
Other Salaries and Wages-$32,183-$32,183
Occupancy-$12,373-$12,373
Benefits to Members$6,000--$6,000
Fees for Services Accounting-$3,495-$3,495
Insurance-$1,459$1,805$3,264
Payroll Taxes-$2,828-$2,828
Conferences and Meetings$1,570--$1,570
Depreciation Depletion---$1,236
Fees for Services Legal-$630-$630
Total Functional Expenses$7,570$82,735$31,893$123,434
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes
Filing and Contact Details

Filer

Filer Name
Southwest Florida Hispanic Commerce
EIN
65-0154409
Phone
2394181441
Address
1400 COLONIAL BLVD, FORT MYERS, FL 33907-1028

Signing Officer

Name
Veronica Culbertson
Title
CEO
Phone
2394181441
Signed
2015-11-15

Organization Details

Formed
1989
Legal Domicile
Fl
Voting Board Members
12
Independent Board Members
178
Employees
2
Volunteers
10

Preparer

Firm
ASAP Accounting Services Inc
Address
12425 Collier Blvd - Ste 102, Naples, FL 34116
Preparer
Ana Patino
Phone
2393524099
Supplemental Narrative

Additional Explanations

Pt VI, Line 1A

The total Goberning body of the organization is of 12 member, Executive Board and TYhe BOard of Directors, the total member of the organization of the tax year were 178.

Pt VI, Line 15A

The Annual Salary of the CEO is approve during the preparation of annual budget of the organization by the Finance Committe. Treasurer and organization's Accountant, based on state employment guidelines and local Wages & Salaries reserch, that it is presented to the Board of Directors for Final Approval.

Pt VI, Line 6

The Organization has all paid Annual Membership Member (Non Stock)

Pt XI

Total Revenue $ 119,072.57

Pt VI, Line 11B

Organization's Process to Review Form 990 Copies of the 990 return were distributed electronically to members of the board, and then discussed, prior to filing.

Pt VI, Line 12C

The Board of Directors on Compliance with the Conflict of Interest Policy at the Monthly Board Meetings.

Pt VI, Line 7A

The Board of Directors Elects and Votes on a New Board Annually

Pt X

Current Assets Checking/Saving $5,644.89

Pt VI, Line 3

The Organization delegate control over management duties

Pt VI, Line 15B

Yes the process por determining compensation is with all officers of the board organization

Pt VI, Line 7B

Yes the organization have a members of the governing body.

Form 990, Part IX, Line 24F

Auto expenses:gas expense auto expenses:miles expenses 14815. 14815. Bank service charge 52. 52. Board member expense 336. 336. Business meal and entertainment 1616. 1616. Business networking expense 252. 252. Donations 105. 105. Facilities and equipment:office furniture fines, penalties, judgments 254. 254. Office supplies 1094. 1094. Permint and licenses fees 110. 110. Postage and delivery expense 178. 178. Printing and copying 15. 15. Sponsorships & memberships 750. 750. Telephone, internet a

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IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt5VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The total Goberning body of the organization is of 12 member, Executive Board and TYhe BOard of Directors, the total member of the organization of the tax year were 178.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Annual Salary of the CEO is approve during the preparation of annual budget of the organization by the Finance Committe. Treasurer and organization's Accountant, based on state employment guidelines and local Wages & Salaries reserch, that it is presented to the Board of Directors for Final Approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Organization has all paid Annual Membership Member (Non Stock)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Total Revenue $ 119,072.57
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Organization's Process to Review Form 990 Copies of the 990 return were distributed electronically to members of the board, and then discussed, prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5The Board of Directors on Compliance with the Conflict of Interest Policy at the Monthly Board Meetings.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board of Directors Elects and Votes on a New Board Annually
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Current Assets Checking/Saving $5,644.89
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8The Organization delegate control over management duties
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9Yes the process por determining compensation is with all officers of the board organization
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10Yes the organization have a members of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt11AUTO EXPENSES:GAS EXPENSE AUTO EXPENSES:MILES EXPENSES 14815. 14815. BANK SERVICE CHARGE 52. 52. BOARD MEMBER EXPENSE 336. 336. BUSINESS MEAL AND ENTERTAINMENT 1616. 1616. BUSINESS NETWORKING EXPENSE 252. 252. DONATIONS 105. 105. FACILITIES AND EQUIPMENT:OFFICE FURNITURE FINES, PENALTIES, JUDGMENTS 254. 254. OFFICE SUPPLIES 1094. 1094. PERMINT AND LICENSES FEES 110. 110. POSTAGE AND DELIVERY EXPENSE 178. 178. PRINTING AND COPYING 15. 15. SPONSORSHIPS & MEMBERSHIPS 750. 750. TELEPHONE, INTERNET A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Pt VI, Line 1a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Pt VI, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Pt VI, Line 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Pt XI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Pt VI, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Pt VI, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Pt VI, Line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Pt X
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8Pt VI, Line 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9Pt VI, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10Pt VI, Line 7b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc11Form 990, Part IX, Line 24f
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0FL
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt07963
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt07963
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0119330
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031893
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt082735
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt07570
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123434
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt07963
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalProgramServiceRevenueAmt046529
IRS990/TotalReportableCompFromOrgAmt047122
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt046529
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0165859
IRS990/TotalVolunteersCnt010
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt07963
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TransactionWithControlEntInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0true
IRS990/UnrestrictedNetAssetsGrp/BOYAmt07963
IRS990/USAddress/AddressLine1Txt01400 COLONIAL BLVD
IRS990/USAddress/CityNm0FORT MYERS
IRS990/USAddress/StateAbbreviationCd0FL
IRS990/USAddress/ZIPCd033907
IRS990/VotingMembersGoverningBodyCnt012
IRS990/VotingMembersIndependentCnt0178
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02016-02-25 16:41:14Z
ReturnHeader/BusinessOfficerGrp/PersonNm0VERONICA CULBERTSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CEO
ReturnHeader/BusinessOfficerGrp/PhoneNum02394181441
ReturnHeader/BusinessOfficerGrp/SignatureDt02015-11-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0SOUTHWEST FLORIDA HISPANIC COMMERCE
ReturnHeader/Filer/BusinessNameControlTxt0SOUT
ReturnHeader/Filer/EIN0650154409
ReturnHeader/Filer/PhoneNum02394181441
ReturnHeader/Filer/USAddress/AddressLine1Txt01400 COLONIAL BLVD
ReturnHeader/Filer/USAddress/CityNm0FORT MYERS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0FL
ReturnHeader/Filer/USAddress/ZIPCd0339071028
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ASAP Accounting Services Inc
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt012425 Collier Blvd - Ste 102
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Naples
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0FL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd034116
ReturnHeader/PreparerPersonGrp/PhoneNum02393524099
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANA PATINO
ReturnHeader/ReturnTs02015-11-15T12:20:23-08:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02014-01-01
ReturnHeader/TaxPeriodEndDt02014-12-31
ReturnHeader/TaxYr02014

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