Hispanic Foundation of Silicon Valley

Nonprofit profile at a glance

EIN
770481921
IRS 990 coverage
2010–2023
Forms available
Form 990 2023
Location
San Jose, CA, USA
Phone
4082167643
Rating
81
Verdict
STRONG
Rating confidence
Moderate
Sector
Community Improvement, Capacity Building N.E.C.

Official website

Reported finances

Revenue
$2,146,969
Expenses
$2,806,161
Assets
$4,521,462
Liabilities
$326,797

Source: IRS Form 990. Selected filing: tax year 2023. Amounts in USD.

Leadership & pay

18 people listed

Executive titles in this filing

  • RON GONZALES (PRESIDENT & CEO)

Highest reported compensation

  • RON GONZALES (PRESIDENT & CEO): $220,982 total reported compensation
  • CLARA ROA (CHIEF OPERATIONS AND DEVEL): $193,239 total reported compensation
  • MARGARITA DEAVILA (OPERATION MANAGER): $107,916 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2023. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The hispanic foundation of silicon valley is dedicated to empowering the lives and futures of latinos in silicon valley through community philanthropy, investment in educational excellence, leadership development, and the convening and engaging of the region's dynamic hispanic community.

What it reported doing in 2023

Program 1: hispanic foundation college success centerthe hfcsp's primary objectives are to contribute to higher high school graduation rates; improve college readiness, increase student and parent knowledge about the college journey, growing numbers of students attending college; increase college graduation rates, and increase the number of latinos employed in the high tech industry.the hispanic foundation college success center (hfcsc), a hub designed for latino youths and parents to increase educational opportunities was opened (the first of its kind in the region). A one-stop hub that encapsulates our "cradle to career" course of action empowering middle school, high school, and college students and their parents to excel through education efforts. Hfsc helps both students and parents obtain information on college access, advice, guidance, workshops, and online resources."

Operating model

Revenue model
Donor-supported. 84% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 62% for direct work, and 38% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.

Rating breakdown

  • Financial Efficiency: 84
  • Transparency & Controls: 73
  • Accountability: 95
  • Sustainability: 28
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 99.6%; rating input score 100
  • Program expense ratio: 76.2%; rating input score 76
  • Fundraising efficiency: $7.63 raised per $1 spent on fundraising; rating input score 29; 29th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 94.4%; rating input score 94; 24th percentile among comparable filings
  • Pay-setting controls: 1 of 6 controls in place; rating input score 17
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 44th 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; 64th percentile among comparable filings
  • Governance controls: 8 of 9 controls in place; rating input score 89
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Pass
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -30.7%; rating input score 5; 5th percentile among comparable filings
  • Total-asset coverage ratio: 1.61; rating input score 54; 54th percentile among comparable filings
  • Liabilities to assets ratio: 0.07; rating input score 66; 66th percentile among comparable filings
  • Officer compensation ratio: 18.6%; rating input score 13; 13th percentile among comparable filings

Growth

  • Program expense growth: 14.3% per year; rating input score 100; 76th percentile among comparable filings
  • Revenue growth: 13.1% per year; rating input score 100; 78th percentile among comparable filings
  • Asset growth: 19.4% per year; rating input score 100; 82nd percentile among comparable filings

Details

  • Where the money goes: 99.6% of revenue deployed · 76.2% of spending went to programs
  • Governance: 15 of 15 board members independent · 8 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $2.1M in reported program spending
  • Leadership: top reported pay $221K · 18 people listed · 1 of 6 pay-setting controls reported
  • Consistency: 34 of 35 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 13 filing years from 2010 to 2023
  • Contacts: How to reach this organization
  • Money network: 5 filed money-flow records
  • 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 — Financial Efficiency: Fundraising efficiency scored 29/100.
  • High — Sustainability: Operating margin scored 5/100.
  • Review — Accountability: Governance controls: Other executive compensation review process not reported.
  • Review — Sustainability: Total-asset coverage ratio scored 54/100.
  • High — Sustainability: Officer compensation ratio scored 13/100.
  • Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.