Civic Intelligence

Houston Hispanic Chamber of Commerce

EIN 74-1935123 • 501(c)6 • Houston, TX

Profile

The houston hispanic chamber of commerce is the leading regional advocate for the economic and civic interests of the hispanic business community. Hhcc serves as an aggregator of information, resources and a promoter of interests related to the hispanic community, both locally and nationwide.

1801 Main Street 890Houston, TX 77002

www.houstonhispanicchamber.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

99th percentile

1.76x

Higher debt load relative to assets than 99% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

2.44x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

2nd percentile

-60%

Higher net margin than 2% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$429,703

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 52.6% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Asset Growth

4th percentile

-33%

Faster asset growth than 4% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

6th percentile

-24%

Faster revenue growth than 6% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Down

$1,127,780

Down $552,410 (-33%) from 2023

Liabilities

Up

$1,990,201

Up $110,858 (+5.9%) from 2023

Net Assets

Down

-$862,421

Down $663,268 (-333%) from 2023

Revenue

Down

$817,274

Down $259,338 (-24%) from 2023

Expenses

Down

$1,303,921

Down $323,087 (-20%) from 2023

Net Income

Up

-$486,647

Up $63,749 (+12%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $361,816Liabilities 2011: $77,277Net Assets 2011: $284,5392011Assets 2012: $444,713Liabilities 2012: $136,432Net Assets 2012: $308,2812012Assets 2013: $259,591Liabilities 2013: $28,818Net Assets 2013: $230,7732013Assets 2014: $327,298Liabilities 2014: $14,043Net Assets 2014: $313,2552014Assets 2015: $313,897Liabilities 2015: $5,513Net Assets 2015: $308,3842015Assets 2016: $228,156Liabilities 2016: $77,913Net Assets 2016: $150,2432016Assets 2017: $268,782Liabilities 2017: $88,271Net Assets 2017: $180,5112017Assets 2018: $333,708Liabilities 2018: $233,137Net Assets 2018: $100,5712018Assets 2019: $416,524Liabilities 2019: $21,780Net Assets 2019: $394,7442019Assets 2020: $582,769Liabilities 2020: $163,576Net Assets 2020: $419,1932020Assets 2021: $2,511,739Liabilities 2021: $2,112,500Net Assets 2021: $399,2392021Assets 2022: $2,401,784Liabilities 2022: $2,050,000Net Assets 2022: $351,7842022Assets 2023: $1,680,190Liabilities 2023: $1,879,343Net Assets 2023: -$199,1532023Assets 2024: $1,127,780Liabilities 2024: $1,990,201Net Assets 2024: -$862,4212024

Highlighted filing

2024

Assets$1,127,780
Liabilities$1,990,201
Net Assets-$862,421

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2011: $1,079,1772011Expenses 2012: $1,015,7302012Revenue 2013: $976,064Expenses 2013: $1,053,572Net Income 2013: -$77,5082013Revenue 2014: $1,065,014Expenses 2014: $982,532Net Income 2014: $82,4822014Revenue 2015: $1,083,807Expenses 2015: $1,088,678Net Income 2015: -$4,8712015Revenue 2016: $1,081,771Expenses 2016: $1,239,912Net Income 2016: -$158,1412016Revenue 2017: $1,061,335Expenses 2017: $1,031,067Net Income 2017: $30,2682017Revenue 2018: $1,104,568Expenses 2018: $1,184,508Net Income 2018: -$79,9402018Revenue 2019: $1,372,224Expenses 2019: $1,078,051Net Income 2019: $294,1732019Revenue 2020: $907,988Expenses 2020: $883,539Net Income 2020: $24,4492020Revenue 2021: $789,001Expenses 2021: $810,497Net Income 2021: -$21,4962021Revenue 2022: $1,300,355Expenses 2022: $1,347,810Net Income 2022: -$47,4552022Revenue 2023: $1,076,612Expenses 2023: $1,627,008Net Income 2023: -$550,3962023Revenue 2024: $817,274Expenses 2024: $1,303,921Net Income 2024: -$486,6472024

Highlighted filing

2024

Revenue$817,274
Expenses$1,303,921
Net Income-$486,647

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.13$1.99$0.86$0.82$1.30$0.49
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.68$1.88$0.20$1.08$1.63$0.55
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.40$2.05$0.35$1.30$1.35$0.05
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.51$2.11$0.40$0.79$0.81$0.02
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.58$0.16$0.42$0.91$0.88$0.02
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.42$0.02$0.39$1.37$1.08$0.29
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.23$0.10$1.10$1.18$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.27$0.09$0.18$1.06$1.03$0.03
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.23$0.08$0.15$1.08$1.24$0.16
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.31$0.01$0.31$1.08$1.09$0.00
2014Detailed filing. Detailed filing data is available for this year.$0.33$0.01$0.31$1.07$0.98$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.26$0.03$0.23$0.98$1.05$0.08
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.44$0.14$0.31$1.02
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.36$0.08$0.28$1.08
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 8, 2023
Return Version
2022v5.0
Gross Receipts
$1,300,355
Mission and Program Overview

Mission

The houston hispanic chamber of commerce is the leading regional advocate for the economic and civic interests of the hispanic business community. Hhcc serves as an aggregator of information, resources and a promoter of interests related to the hispanic community, both locally and nationwide.

Advocate for the economic and civic interests of the hispanic business community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,080,033$1,960,913▼ $119,120
Cap Stk Tr Prin Current Funds$399,239$351,784▼ $47,455
Savings and Temporary Cash Investments$393,411$313,297▼ $80,114
Accounts Receivable$37,607$126,948▲ $89,341
Land, Buildings, and Equipment, Net$688$626▼ $62
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0--
Investments Program Related$0--
Loans From Officers Directors$0$0→ $0
Total Assets$2,511,739$2,401,784▼ $109,955
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$2,112,500$2,000,000▼ $112,500
Deferred Revenue$0$50,000▲ $50,000
Accounts Payable and Accrued Expenses$0--
Total Liabilities$2,112,500$2,050,000▼ $62,500
Net Assets / Fund Balance
Total Net Assets Fund Balance$399,239$351,784▼ $47,455
Total Liabilities and Net Assets / Fund Balance$2,511,739$2,401,784▼ $109,955

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$626$117,055$117,681
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
-President & CEOPT$312,379$50,618$362,997

Board Members and Trustees

NameTitle
-Chair Elect
-Chairman
-Past Chairman
-Director
-Parliamentarian
-Secretary
-Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$134,271
Program Service Revenue
$1,164,797
Investment Income
$1,281
Other Revenue
$6
All Other Contributions
$21,771
Change in Net Assets
$-47,455
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$679,794
Other Expenses$628,016
Grants and Similar Amounts Paid$40,000
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Conferences and Meetings---$412,700
Current Officers, Directors, Trustees, and Key Employees---$362,997
Other Salaries and Wages---$264,918
Office Expenses---$44,382
Grants to Domestic Orgs---$40,000
Advertising---$39,955
Information Technology---$35,720
Payroll Taxes---$33,100
Fees for Services Accounting---$23,828
Insurance---$20,693
Fees for Services Other---$19,800
Other Employee Benefits---$18,779
Other Expenses---$17,553
Occupancy---$12,621
Travel---$702
Depreciation Depletion---$62
Total Functional Expenses$0$0$0$1,347,810
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
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Sba Loan$2,000,000
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 6 Classes of members or stockholders

The houston hispanic chamber of commerce has individual member, business members, associate members, executive members and exclusive members that pay annual dues.

Form 990, Part VI, Line 8B Documentation of meetings held by committees of governing body

The organization did not have any committees with authority to act on behalf of the governing body.

Form 990, Part VI, Line 11B Review of form 990 by governing body

The organization's form 990 is provided to the board chairman and treasurer for an initial review prior to filing. They will each review the return, ask any necessary questions and make any necessary changes. A final draft is then approved, signed and filed.

Form 990, Part VI, Line 12C Conflict of interest policy

It is the policy of the houston hispanic chamber of commerce that its relationships in transactions with individuals outside the chamber and with other business concerns be conducted at all times on a highly ethical basis and should avoid the appearance of impropriety. To this end, the sole consideration of chamber decisions and implementation thereof must be the best interest of the chamber. Consequently, decisions made in conducting such relationships and transactions must not be influenced by self-interest on the part of an officer, director, or employee of the chamber that is actually or potentially in conflict with the best interest of the chamber. In such circumstances actually or potentially involving conflicts of self interest, the officers, directors or employees of houston hispanic chamber of commerce shall disclose the potential conflict of interest to the chairman of the board, who may inform the board of the potential conflict of interest and, in the case of a director, request the director to abstain from participating in the discussion of, and voting on, such decision. Failure to adhere to this policy renders any officer or director subject to removal from the board of directors, consistent with the procedures outline in these policies and procedures and the organizational bylaws.

Form 990, Part VI, Line 19 Required documents available to the public

The organization's governing documents are made available to the public upon request.

Form 990, Part VIII, Line 2F Other Program Service Revenue

Other Programs - Total Revenue: 293375, Related or Exempt Function Revenue: 293375, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;

Filing and Contact Details

Filer

Filer Name
Houston Hispanic Chamber of Commerce
EIN
74-1935123
Phone
7136447070
Address
1801 Main Street 890, Houston, TX 77002

Signing Officer

Name
Dr Laura Murillo
Title
President
Phone
7136447070
Signed
2023-11-08
Discuss with paid preparer
Yes

Organization Details

Formed
1977
Legal Domicile
TX
Voting Board Members
9
Independent Board Members
9
Employees
7
Volunteers
150

Preparer

Firm
Crowe Llp
Address
401 East Las Olas Blvd Suite 1100, Fort Lauderdale, FL 33301-4230
Preparer
Brittney Kocaj
Phone
9542028600
Raw XML AppendixShowing 400 of 450 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
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IRS990/CYContributionsGrantsAmt0134271
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IRS990/CYTotalRevenueAmt01300355
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IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt062
IRS990/Desc0THE HOUSTON HISPANIC CHAMBER OF COMMERCE'S ANNUAL LUNCHEON & BUSINESS EXPO IS THE LARGEST BUSINESS LUNCHEON & EXPO IN HOUSTON. IT IS ATTENDED BY MORE THAN 1,600 ENTREPRENEURS, EXECUTIVES, ELECTED & APPOINTED OFFICIALS, YOUNG PROFESSIONALS, AND JOB SEEKERS. THE LUNCHEON PROGRAM HIGHLIGHTS THE CHAMBER'S WORK AND ITS IMPACT ON OUR ECONOMY AND FEATURES REMARKS FROM LOCAL AND NATIONAL LEADERS. THE BUSINESS EXPO COMPRISES MORE THAN 80 EXHIBITORS MARKETING THEIR SERVICES & PRODUCTS.
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IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt3Mely Jimenez
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt4Paul Murphy
IRS990/Form990PartVIISectionAGrp/BusinessName/BusinessNameLine1Txt5Scott Silvas
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IRS990/Form990PartVIISectionAGrp/TitleTxt2Parliamentarian
IRS990/Form990PartVIISectionAGrp/TitleTxt3Chair Elect
IRS990/Form990PartVIISectionAGrp/TitleTxt4Past Chairman
IRS990/Form990PartVIISectionAGrp/TitleTxt5Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt6Director
IRS990/Form990PartVIISectionAGrp/TitleTxt7Director
IRS990/Form990PartVIISectionAGrp/TitleTxt8Director
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IRS990/PrincipalOfcrBusinessName/BusinessNameLine1Txt0Dr Laura Murillo
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IRS990/ProgramServiceRevenueGrp/Desc2Women's Leadership
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BusinessName/BusinessNameLine1Txt0Dr Laura G Murillo
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE HOUSTON HISPANIC CHAMBER OF COMMERCE HAS INDIVIDUAL MEMBER, BUSINESS MEMBERS, ASSOCIATE MEMBERS, EXECUTIVE MEMBERS AND EXCLUSIVE MEMBERS THAT PAY ANNUAL DUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The organization did not have any committees with authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION'S FORM 990 IS PROVIDED TO THE BOARD CHAIRMAN AND TREASURER FOR AN INITIAL REVIEW PRIOR TO FILING. THEY WILL EACH REVIEW THE RETURN, ASK ANY NECESSARY QUESTIONS AND MAKE ANY NECESSARY CHANGES. A FINAL DRAFT IS THEN APPROVED, SIGNED AND FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3IT IS THE POLICY OF THE HOUSTON HISPANIC CHAMBER OF COMMERCE THAT ITS RELATIONSHIPS IN TRANSACTIONS WITH INDIVIDUALS OUTSIDE THE CHAMBER AND WITH OTHER BUSINESS CONCERNS BE CONDUCTED AT ALL TIMES ON A HIGHLY ETHICAL BASIS AND SHOULD AVOID THE APPEARANCE OF IMPROPRIETY. TO THIS END, THE SOLE CONSIDERATION OF CHAMBER DECISIONS AND IMPLEMENTATION THEREOF MUST BE THE BEST INTEREST OF THE CHAMBER. CONSEQUENTLY, DECISIONS MADE IN CONDUCTING SUCH RELATIONSHIPS AND TRANSACTIONS MUST NOT BE INFLUENCED BY SELF-INTEREST ON THE PART OF AN OFFICER, DIRECTOR, OR EMPLOYEE OF THE CHAMBER THAT IS ACTUALLY OR POTENTIALLY IN CONFLICT WITH THE BEST INTEREST OF THE CHAMBER. IN SUCH CIRCUMSTANCES ACTUALLY OR POTENTIALLY INVOLVING CONFLICTS OF SELF INTEREST, THE OFFICERS, DIRECTORS OR EMPLOYEES OF HOUSTON HISPANIC CHAMBER OF COMMERCE SHALL DISCLOSE THE POTENTIAL CONFLICT OF INTEREST TO THE CHAIRMAN OF THE BOARD, WHO MAY INFORM THE BOARD OF THE POTENTIAL CONFLICT OF INTEREST AND, IN THE CASE OF A DIRECTOR, REQUEST THE DIRECTOR TO ABSTAIN FROM PARTICIPATING IN THE DISCUSSION OF, AND VOTING ON, SUCH DECISION. FAILURE TO ADHERE TO THIS POLICY RENDERS ANY OFFICER OR DIRECTOR SUBJECT TO REMOVAL FROM THE BOARD OF DIRECTORS, CONSISTENT WITH THE PROCEDURES OUTLINE IN THESE POLICIES AND PROCEDURES AND THE ORGANIZATIONAL BYLAWS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Other Programs - Total Revenue: 293375, Related or Exempt Function Revenue: 293375, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ;
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 6 Classes of members or stockholders
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 8b Documentation of meetings held by committees of governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 11b Review of form 990 by governing body
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 12c Conflict of interest policy
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Line 19 Required documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VIII, Line 2f Other Program Service Revenue
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt0Houston Hispanic Chamber of Commerce
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