Hacemos Scholarship Foundation

Nonprofit profile at a glance

EIN
752532590
IRS 990 coverage
2010–2020
Forms available
Form 990 2020
Location
Elgin, IL, USA
Phone
4043455348
Rating
82
Verdict
STRONG
Rating confidence
Moderate
Sector
Fund Raising and Fund Distribution

Reported finances

Revenue
$404,303
Expenses
$452,211
Assets
$746,773
Liabilities
$0

Source: IRS Form 990. Selected filing: tax year 2020. Amounts in USD.

Leadership & pay

13 people listed

Executive titles in this filing

  • ANNA GARCIA (PRESIDENT)
  • CELESTE CARRASCO (REGIONAL PRESIDENT-EAST)
  • JAVIER PALACIOS (REGIONAL PRESIDENT-SOUTHWEST)
  • HORACIO CALCAGNO (REGIONAL PRESIDENT-WEST)
  • KRISTIAN COSME (REGIONAL PRESIDENT-SOUTHEAST)
  • RUDY SADKOWSKI (REGIONAL PRESIDENT-MIDWEST)

People named in this filing

  • ANNA GARCIA (PRESIDENT)
  • DAWN CORDERO (EVP-OPERATIONS)
  • MARKO POPOVIC (EVP-FINANCE)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990. Selected filing: tax year 2020. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To foster an environment where people support and encourage each other to succeed professionally, personally, and in the community.

What it reported doing in 2020

High Technology Day and Internet of Things Events provide high school students with a first hand experience of the daily operational activities within AT&T, Inc. The events are organized by local chapters.

Operating model

Revenue model
Affiliate-supported. 82% of the money available for current operations came from contributions from related organizations.
Distribution model
Grant intermediary. The nonprofit sent 86% of its reported program spending out as grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 87
  • Transparency & Controls: 88
  • Accountability: 70
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 94.4%; rating input score 94
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 7th percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 77.4%; rating input score 77; 45th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 2 of 7 controls in place; rating input score 29
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Fail
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -11.8%; rating input score 20; 20th percentile among comparable filings
  • Total-asset coverage ratio: 1.65; rating input score 48; 48th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 85; 85th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 72; 72nd percentile among comparable filings

Growth

  • Program expense growth: 12.9% per year; rating input score 100; 83rd percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 39th percentile among comparable filings
  • Asset growth: 10% per year; rating input score 100; 66th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 94.4% of spending went to programs
  • Governance: 13 of 13 board members independent · 2 of 7 filing controls reported
  • Programs: 3 filed program accomplishments · $427K in reported program spending
  • Leadership: top reported pay $0 · 13 people listed
  • Consistency: 20 of 21 current checks pass · 1 finding to review
  • Schedules: 4 filed schedules · includes major donors and grants
  • Filing history: 11 filing years from 2010 to 2020
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 1 filed related-organization link
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Accountability: Governance controls: 5 of 7 not reported.
  • High — Sustainability: Operating margin scored 20/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Total-asset coverage ratio scored 48/100.