Hispanics in Philanthropy

“The bylaws were modified and approved by a majority of members and the board of directors. Key changes to the bylaws state that the membership structure has been eliminated; the number of board members has increased to 25, the president is now a voting director, and director staggered terms have been modified, and the mission statement was generalized to mirror the articles of incorporation to allow hip flexibility in steering toward new areas of programs when needed.”

“Each member in good standing shall be entitled to one vote on each matter submitted to a vote of the members. Members may vote on a slate of board members up for nomination, members may also vote to approve substantial changes to portions of the bylaws that impact membership and membership rights. Members did vote this year to approve a bylaw revision which removed the membership requirement and structure from the organization's governance policies.”

“Hispanics in philanthropy's chief financial officer reviews the form 990 prepared by the external preparer, then submits to the president, treasurer and audit committee for review. Upon completion of review, the report is then distributed to the full board of directors for review and comment prior to filing with the irs.”

“Annually board members review the conflict of interest policy and sign a confirmation indicating that they have read and understood the policy. The policy is also part of the board handbook, which is reviewed with new board members during their orientation. Staff receives the disclosure forms from board members, and if a conflict is noted the staff share the statement with the board chair who brings the topic for discussion at the next executive committee meeting. The executive committee reviews the potential conflict, and vote whether a restriction needs to be imposed. The person with the conflict is not allowed to be part of the vote, and must excuse themselves from the discussion part of the meeting and is also not present during the vote.”

“The board of directors reviews the president and ceo's compensation and performance on an annual basis. The executive committee approved the compensation in june of 2023 using comparative data of non-profits of similar size, and area of work, as well as input from the organization's compensation philosophy, with consideration of region and the employment contract. The cfo's and all staff pay is approved by the ceo. Hip uses salary data from other non-profit salary compensation guides to determine baseline compensation. We use skills mapping, salary tiers and geography to determine the appropriate salary levels. During our annual budgeting process we may also approve cola adjustments if funds are available.”

“Hispanics in philanthropy will make its governing documents, conflict of interest policy and financial statements available upon request.”

“Volunteers include board members, emeritas directors, and individuals supporting the leadership conference or other events with an estimated number of hours at 250.”