Civic Intelligence

The Michigan Hispanic Collaborative

990 • Fiscal year 2021 • EIN 81-0942886

Jan 01, 2021 to Dec 31, 2021 • Filed on Sep 22, 2022

6499 Warren RoadAnn Arbor, MI 48105

(313) 617-2266

Siviq Scores

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

Liabilities / Assets

56th percentile

0.10x

Higher debt load relative to assets than 56% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

51st percentile

0.10x

Higher debt load relative to revenue than 51% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

88th percentile

53%

Higher net margin than 88% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

84th percentile

$149,651

Higher top officer pay than 84% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

93rd percentile

98%

Faster asset growth than 93% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

83rd percentile

75%

Faster revenue growth than 83% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Up

$2,018,849

Up $1,000,159 (+98%) from 2020

Net Assets

Up

$1,815,780

Up $1,111,139 (+158%) from 2020

Liabilities

Down

$203,069

Down $110,980 (-35%) from 2020

Revenue

Up

$2,077,078

Up $892,259 (+75%) from 2020

Expenses

Up

$965,939

Up $476,383 (+97%) from 2020

Net Income

Up

$1,111,139

Up $415,876 (+60%) from 2020

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2018: $12,248Liabilities 2018: $12,8462018Assets 2019: $95,196Liabilities 2019: $9,449Net Assets 2019: $85,7472019Assets 2020: $1,018,690Liabilities 2020: $314,049Net Assets 2020: $704,6412020Assets 2021: $2,018,849Liabilities 2021: $203,069Net Assets 2021: $1,815,7802021Assets 2022: $2,435,270Liabilities 2022: $165,514Net Assets 2022: $2,269,7562022Assets 2023: $3,259,649Liabilities 2023: $188,834Net Assets 2023: $3,070,8152023Assets 2024: $10,388,609Liabilities 2024: $210,614Net Assets 2024: $10,177,9952024

Highlighted filing

2021

Assets$2,018,849
Liabilities$203,069
Net Assets$1,815,780

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2018: $66,651Expenses 2018: $67,249Net Income 2018: -$5982018Revenue 2019: $184,294Expenses 2019: $197,949Net Income 2019: -$13,6552019Revenue 2020: $1,184,819Expenses 2020: $489,556Net Income 2020: $695,2632020Revenue 2021: $2,077,078Expenses 2021: $965,939Net Income 2021: $1,111,1392021Revenue 2022: $1,925,877Expenses 2022: $1,473,531Net Income 2022: $452,3462022Revenue 2023: $2,337,243Expenses 2023: $1,563,168Net Income 2023: $774,0752023Revenue 2024: $9,458,977Expenses 2024: $2,379,047Net Income 2024: $7,079,9302024

Highlighted filing

2021

Revenue$2,077,078
Expenses$965,939
Net Income$1,111,139
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Sep 22, 2022
Return Version
2021v4.0
Gross Receipts
$2,077,078
Mission and Program Overview

Mission

The organization's mission is to provide academic and career support programs and services in order to enable more hispanic students to graduate from college and achieve career success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$424,818$1,626,423▲ $1,201,605
Intangible Assets$493,850$319,550▼ $174,300
Prepaid Expenses and Deferred Charges$99,917$72,771▼ $27,146
Savings and Temporary Cash Investments$105$105→ $0
Total Assets$1,018,690$2,018,849▲ $1,000,159
Liabilities
Deferred Revenue$155,250--
Unsecured Notes Loans Payable$140,565$151,661▲ $11,096
Accounts Payable and Accrued Expenses$15,064$46,773▲ $31,709
Other Liabilities$3,170$4,635▲ $1,465
Total Liabilities$314,049$203,069▼ $110,980
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$1,353,000-
Net Assets Without Donor Restrictions$704,641$462,780▼ $241,861
Total Net Assets Fund Balance$704,641$1,815,780▲ $1,111,139
Total Liabilities and Net Assets / Fund Balance$1,018,690$2,018,849▲ $1,000,159
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Anita MartinezExecutive DiFT$149,651$149,651

Board Members and Trustees

NameTitle
Lawrence GarciaPresident
Alma CrossleyDirector
James WalkerDirector
Joann ChavezSecretary
Jesus HernandezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,077,078
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$1,049,513
Change in Net Assets
$1,111,139

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,077,078
Total Revenue per Audited Statements
$2,077,078
Total Revenue per Form 990
$2,077,078
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$558,255
Salaries, Compensation, and Employee Benefits$407,684
Total Fundraising Expense$43,560
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$228,671--$228,671
Information Technology$228,491--$228,491
Depreciation Depletion$174,300--$174,300
Current Officers, Directors, Trustees, and Key Employees$86,779$31,265$31,607$149,651
Fees for Services Other$99,703$68$9,500$109,271
Payroll Taxes$24,482$2,427$2,453$29,362
Fees for Services Legal-$8,700-$8,700
Office Expenses-$7,758-$7,758
Fees for Services Accounting-$3,900-$3,900
Advertising-$3,885-$3,885
Insurance-$2,895-$2,895
Other Expenses$47$11,822-$47
Total Functional Expenses$849,659$72,720$43,560$965,939

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$965,939
Total Expenses per Audited Statements$965,939
Total Expenses per Form 990$965,939
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
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Other Liabilities(ovrd)-990$4,635
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Audit committee
No
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
Yes
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, Page 6, Part VI, Line 11B

A copy of the 990 is provided to the board's secretary for review prior to filing.

Form 990, Page 6, Part VI, Line 12C

The organization maintains a conflict of interest policy.

Form 990, Page 6, Part VI, Line 15A

The board determines the salary of the executive director.

Form 990, Page 6, Part VI, Line 19

Documents are available on request.

Filing and Contact Details

Filer

Filer Name
The Michigan Hispanic Collaborative
EIN
81-0942886
Phone
3136172266
Address
6499 WARREN ROAD, ANN ARBOR, MI 48105

Signing Officer

Name
Joann Chavez
Title
Secretary
Phone
3136172266
Signed
2022-09-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Joann Chavez
Formed
2015
Legal Domicile
Mi
Voting Board Members
6
Independent Board Members
5
Employees
7
Volunteers
25

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, Part IX, Line 11G

Bank charges 0 68 0 event expenses 0 0 9,500 contracted services 99,703 0 0 total 99,703 68 9,500

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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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAINTAINS A CONFLICT OF INTEREST POLICY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4BANK CHARGES 0 68 0 EVENT EXPENSES 0 0 9,500 CONTRACTED SERVICES 99,703 0 0 TOTAL 99,703 68 9,500
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ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-22
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ReturnHeader/TaxYr02021

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