Hispanics in Philanthropy

“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.”

“Board members review the conflict of interest policy annually 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 using comparative data of non-profits of similar size, and area of work, as well as input from the organization's compensation survey, 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 non-profit 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. The last compensation review was at the end of 2024.”

“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.”

“Audio visual consultants: program service expenses 175,792. Management and general expenses 0. Fundraising expenses 0. Total expenses 175,792. Event coordinator: program service expenses 89,525. Management and general expenses 0. Fundraising expenses 0. Total expenses 89,525. Program support services: program service expenses 268,069. Management and general expenses 13,000. Fundraising expenses 1,000. Total expenses 282,069. Strategic planning consultants: program service expenses 7,000. Management and general expenses 65,000. Fundraising expenses 0. Total expenses 72,000. Speakers and facilitators: program service expenses 152,825. Management and general expenses 0. Fundraising expenses 500. Total expenses 153,325. Temporary support: program service expenses 130,026. Management and general expenses 82,500. Fundraising expenses 31,874. Total expenses 244,400. All other consultants: program service expenses 154,003. Management and general expenses 80,464. Fundraising expenses 156,844. Total expenses 391,311.”