United States Hispanic Chamber of Commerce Educational Fund

Nonprofit profile at a glance

EIN
823593693
IRS 990 coverage
2019–2024
Forms available
Form 990 2024, Form 990-EZ 2018
Location
Washington, DC, USA
Phone
2028421212
Rating
84
Verdict
STRONG
Rating confidence
Moderate
Sector
Alliance/Advocacy Organizations

Reported finances

Revenue
$1,630,171
Expenses
$1,795,380
Assets
$4,617,377
Liabilities
$530,955

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

  • RAMIRO A CAVAZOS (PRESIDENT & CEO)

Highest reported compensation

  • RAMIRO A CAVAZOS (PRESIDENT & CEO): $584,709 total reported compensation
  • FELIPE UGALDE (CHIEF OPERATING OFFICER): $239,505 total reported compensation
  • EVELYN BARAHONA (SVP USHCC EDUCATIONAL FUND): $189,270 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the ushcc educational fund is to educate, train, build capacity, conduct research, provide leadership development opportunities, expand access to capital, and create grant funding for hispanic businesses through a national network of 250+ hispanic chambers of commerce.

What it reported doing in 2024

In her footsteps is a movement to highlight latina leadership through personal stories of triumph, inspiration, and resilience. This initiative aims to provide the community with helpful information, resources, and strategies to support entrepreneurs and executives through the contributions of latina leaders across all sectors.in her footsteps was initially launched in 2018, thanks to the partnership and community investments of bank of america to develop a podcast to feature latina executives from all sectors to share what it's like to follow in her footsteps. The podcast has since become a digital series launching later this year and will feature 10 latina entrepreneurs on what they have learned running and growing a business, including topics such as access to capital and balancing their family and business needs.the ushcc educational fund is looking to expand its programming to address opportunities to uplift latinas across all sectors and develop a space to nurture and support their journey.

Operating model

Revenue model
Donor-supported. 82% of the money available for current operations came from contributions and gifts.
Distribution model
Hybrid. The nonprofit split its reported program spending across 45% for direct work, and 55% for 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: 92
  • Transparency & Controls: 88
  • Accountability: 67
  • Sustainability: 40
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 97.6%; rating input score 98
  • Program expense ratio: 88.6%; rating input score 89
  • Fundraising efficiency: $29.77 raised per $1 spent on fundraising; rating input score 68; 68th percentile among comparable filings

Transparency & Controls

  • Consistency checks: 91.7%; rating input score 92; 12th percentile among comparable filings
  • Pay-setting controls: 5 of 6 controls in place; rating input score 83
    • Compensation committee: Pass
    • Independent consultant: Pass
    • Other Form 990s reviewed: Pass
    • Written employment contract: Missing
    • Compensation survey or study: Pass
    • Board or committee approval: Pass
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 98.9%; rating input score 99; 47th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 92.3%; rating input score 92; 24th percentile among comparable filings
  • Governance controls: 3 of 9 controls in place; rating input score 33
    • Conflict-of-interest policy: Fail
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: -10.1%; rating input score 17; 17th percentile among comparable filings
  • Total-asset coverage ratio: 2.57; rating input score 71; 71st percentile among comparable filings
  • Liabilities to assets ratio: 0.11; rating input score 40; 40th percentile among comparable filings
  • Officer compensation ratio: 4.6%; rating input score 54; 54th percentile among comparable filings

Growth

  • Program expense growth: 22.7% per year; rating input score 100; 85th percentile among comparable filings
  • Revenue growth: 24.9% per year; rating input score 100; 89th percentile among comparable filings
  • Asset growth: 34.2% per year; rating input score 100; 93rd percentile among comparable filings

Details

  • Where the money goes: 97.6% of revenue deployed · 88.6% of spending went to programs
  • Governance: 12 of 13 board members independent · 3 of 9 filing controls reported
  • Programs: 8 filed program accomplishments · $1.6M in reported program spending
  • Leadership: top reported pay $585K · 16 people listed · 5 of 6 pay-setting controls reported
  • Consistency: 21 of 22 current checks pass · 1 finding to review
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 5 filing years from 2019 to 2024
  • Contacts: How to reach this organization
  • Money network: 23 filed money-flow records
  • Related organizations: 24 filed related-organization links
  • 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.

  • Moderate — Accountability: Governance controls: 6 of 9 not reported.
  • High — Sustainability: Operating margin scored 17/100.
  • Review — Transparency & Controls: Domestic grant itemization did not reconcile in the filed values.
  • Moderate — Sustainability: Liabilities to assets ratio scored 40/100.
  • Review — Sustainability: Officer compensation ratio scored 54/100.