PROSPANICA: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
PROSPANICA (EIN 95-4196238)
Tax period
2019-01-01 to 2019-12-31
Filed
2020-10-19
IRS object ID
202012939349300526
Schema version
2019v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2020-10-19T07:51:09-07:00ReturnTs
Tax Period End2019-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN752593210PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Sutton Frost Cary LLPBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1600 Six Flags Dr Suite 600AddressLine1Txt
CityArlingtonCityNm
State AbbreviationTXStateAbbreviationCd
ZIP76011ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2019-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN954196238EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1NSHMBA FOUNDATIONBusinessNameLine1Txt
Business Name Line2DBA PROSPANICA FOUNDATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlNSHMBusinessNameControlTxt
Phone2145247513PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12711 LBJ FREEWAYAddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75234ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMONICA PUENTEPersonNm
Person TitleVP-FINANCEPersonTitleTxt
Signature2020-10-19SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonKimberly D CrawfordPreparerPersonNm
PTINP00446484PTIN
Phone8176498083PhoneNum
FieldValueIRS element (for citing)
Tax2019TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerTHOMAS SAVINOPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line12711 LBJ FREEWAY 800AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75234ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$806,158GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website Addresswww.prospanica.orgWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1988FormationYr
Legal Domicile StateTXLegalDomicileStateCd
Activity Or MissionTHE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT EDUCATIONAL OPPORTUNITIES AND ADVANCEMENT FOR HISPANIC STUDENTS AND PROFESSIONALS INCLUDING THE MANAGEMENT OF THE PROSPANICA SCHOLARSHIP PROGRAM, EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS.ActivityOrMissionDesc
Voting Members Governing Body3VotingMembersGoverningBodyCnt
Voting Members Independent2VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Volunteers2TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$95,138PYContributionsGrantsAmt
CY Contributions Grants$128,188CYContributionsGrantsAmt
PY Program Service Revenue$58,264PYProgramServiceRevenueAmt
CY Program Service Revenue$100,800CYProgramServiceRevenueAmt
PY Investment Income$224,232PYInvestmentIncomeAmt
CY Investment Income$294,217CYInvestmentIncomeAmt
PY Other Revenue$176PYOtherRevenueAmt
CY Other Revenue$89CYOtherRevenueAmt
PY Total Revenue$377,810PYTotalRevenueAmt
CY Total Revenue$523,294CYTotalRevenueAmt
PY Grants And Similar Paid$77,700PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$69,000CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$5,315CYTotalFundraisingExpenseAmt
PY Other Expenses$287,497PYOtherExpensesAmt
CY Other Expenses$359,632CYOtherExpensesAmt
PY Total Expenses$365,197PYTotalExpensesAmt
CY Total Expenses$428,632CYTotalExpensesAmt
PY Revenues Less Expenses$12,613PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$94,662CYRevenuesLessExpensesAmt
Total Assets BOY$5,545,597TotalAssetsBOYAmt
Total Assets EOY$6,295,444TotalAssetsEOYAmt
Total Liabilities BOY$11,593TotalLiabilitiesBOYAmt
Total Liabilities EOY$45,221TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$5,534,004NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$6,250,223NetAssetsOrFundBalancesEOYAmt
MissionTHE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT EDUCATIONAL OPPORTUNITIES AND ADVANCEMENT FOR HISPANIC STUDENTS AND PROFESSIONALS INCLUDING THE MANAGEMENT OF THE PROSPANICA SCHOLARSHIP PROGRAM, EDUCATIONAL AND PROFESSIONAL DEVELOPMENT PROGRAMS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$128,385ExpenseAmt
Revenue$100,800RevenueAmt
DescCHAPTERS CONDUCTED EVENTS THROUGH THE FOUNDATION THAT OFFERED EDUCATIONAL ADVANCEMENT THROUGH PROFESSIONAL DEVELOPMENT AND EDUCATIONAL PROGRAMS.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$71,500ExpenseAmt
Grant$71,500GrantAmt
DescTHE FOUNDATION'S SCHOLARSHIP PROGRAM PROVIDES FINANCIAL SUPPORT FOR PROFESSIONALS AND STUDENTS SEEKING TO OBTAIN AN UNDERGRADUATE, MBA OR EQUIVALENT DEGREE.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
DescTHE FOUNDATION CONDUCTS A LEADERSHIP SUMMIT TO PROVIDE PROFESSIONAL DEVELOPMENT AND EDUCATIONAL TRAINING TO CHAPTER BOARD MEMBERS TO EFFECTIVELY BUILD AND STRENGTHEN LEADERSHIP SKILLS TO FURTHER THE MISSION OF PROMOTING THE ADVANCEMENT OF HISPANIC STUDENTS AND PROFESSIONALS.Desc
FieldValueIRS element (for citing)
Total Program Service Expenses$199,885TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsYes (true)GrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document1IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld ComplianceYes (true)BackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Form8282 Filed0Form8282FiledCnt
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members3GoverningBodyVotingMembersCnt
Independent Voting Member2IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesYes (true)DelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCAStatesWhereCopyOfReturnIsFldCd
Other WebsiteYes (X)OtherWebsiteInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonMONICA PUENTEPersonNm
Phone2145247513PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line12711 LBJ FREEWAY SUITE 800AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75234ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (5 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
THOMAS SAVINO
CEO0.0040.00Yes (X)Yes (X)$0$228,357$16,905
MONICA PUENTE
VP-FINANCE0.0040.00Yes (X)$0$88,503$10,074
KAREN FLORES- THRU 619
Chairman2.000.00Yes (X)Yes (X)$0$0$0
ANTHONY LOPEZ
Director2.000.00Yes (X)$0$0$0
CARMEN HEREDIA LOPEZ-FROM 619
Chairman2.002.00Yes (X)Yes (X)$0$0$0
FieldValueIRS element (for citing)
Tot Reportable Comp Rltd Org$316,860TotReportableCompRltdOrgAmt
Total Other Compensation$26,979TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K0IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Cntrct Rcvd Greater Than100 K0CntrctRcvdGreaterThan100KCnt
All Other Contributions$128,188AllOtherContributionsAmt
Total Contributions$128,188TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
NATIONAL EVENTS900099$88,470$88,470
SPONSORSHIP OF CHAPTER900099$12,330$12,330
FieldValueIRS element (for citing)
Total Program Service Revenue$100,800TotalProgramServiceRevenueAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$152,405TotalRevenueColumnAmt
Exclusion$152,405ExclusionAmt

Incm From Invest Bond Proceeds IncmFromInvestBondProceedsGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Royalties Revenue RoyaltiesRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$89TotalRevenueColumnAmt
Exclusion$89ExclusionAmt

Net Rental Income Or Loss NetRentalIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Gross Amount Sales Assets GrossAmountSalesAssetsGrp

FieldValueIRS element (for citing)
Securities$424,676SecuritiesAmt

Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp

FieldValueIRS element (for citing)
Securities$282,864SecuritiesAmt

Gain Or Loss GainOrLossGrp

FieldValueIRS element (for citing)
Securities$141,812SecuritiesAmt

Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp

FieldValueIRS element (for citing)
Total Revenue Column$141,812TotalRevenueColumnAmt
Related Or Exempt Func Income$141,812RelatedOrExemptFuncIncomeAmt

Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income From Gaming NetIncomeFromGamingGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt

Net Income Or Loss NetIncomeOrLossGrp

FieldValueIRS element (for citing)
Total Revenue Column$0TotalRevenueColumnAmt
FieldValueIRS element (for citing)
Other Revenue Total$0OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$523,294TotalRevenueColumnAmt
Related Or Exempt Func Income$242,612RelatedOrExemptFuncIncomeAmt
Exclusion$152,494ExclusionAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IXYes (X)InfoInScheduleOPartIXInd

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$5,000TotalAmt
Program Services$5,000ProgramServicesAmt

Grants To Domestic Individuals GrantsToDomesticIndividualsGrp

FieldValueIRS element (for citing)
Total$64,000TotalAmt
Program Services$64,000ProgramServicesAmt

Foreign Grants ForeignGrantsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Benefits To Members BenefitsToMembersGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Comp Disqual Persons CompDisqualPersonsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$173,892TotalAmt
Management And General$173,892ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$25TotalAmt
Management And General$25ManagementAndGeneralAmt

Fees For Services Lobbying FeesForServicesLobbyingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Services Prof Fundraising FeesForServicesProfFundraising

FieldValueIRS element (for citing)
Total$0TotalAmt

Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp

FieldValueIRS element (for citing)
Total$20,000TotalAmt
Management And General$20,000ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$77,649TotalAmt
Program Services$51,971ProgramServicesAmt
Management And General$25,428ManagementAndGeneralAmt
Fundraising$250FundraisingAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Information Technology InformationTechnologyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Royalties RoyaltiesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$57,125TotalAmt
Program Services$55,114ProgramServicesAmt
Management And General$51ManagementAndGeneralAmt
Fundraising$1,960FundraisingAmt

Pymt Travel Entrtnmnt Pub Ofcl PymtTravelEntrtnmntPubOfclGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$26,706TotalAmt
Program Services$23,624ProgramServicesAmt
Fundraising$3,082FundraisingAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Payments To Affiliates PaymentsToAffiliatesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmtProgram ServicesProgramServicesAmtFundraisingFundraisingAmt
MISCELLANEOUS$4,036$4,036
Postage and Shipping$111$111
SUPPLIES$88$65$23

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$428,632TotalAmt
Program Services$199,885ProgramServicesAmt
Management And General$223,432ManagementAndGeneralAmt
Fundraising$5,315FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$27,789BOYAmt
EOY$143,617EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$18,180BOYAmt
EOY$31,000EOYAmt

Receivables From Officers Etc ReceivablesFromOfficersEtcGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Rcvbl From Disqualified Prsn RcvblFromDisqualifiedPrsnGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$565,722BOYAmt
EOY$1,051,129EOYAmt

Inventories For Sale Or Use InventoriesForSaleOrUseGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,377BOYAmt
EOY$1,377EOYAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Pub Traded Sec InvestmentsPubTradedSecGrp

FieldValueIRS element (for citing)
BOY$4,926,868BOYAmt
EOY$5,066,719EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Intangible Assets IntangibleAssetsGrp

FieldValueIRS element (for citing)
EOY$0EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$5,661BOYAmt
EOY$1,602EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,545,597BOYAmt
EOY$6,295,444EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$9,593BOYAmt
EOY$39,060EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$2,000BOYAmt
EOY$6,161EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$11,593BOYAmt
EOY$45,221EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$5,507,136BOYAmt
EOY$6,221,875EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$26,868BOYAmt
EOY$28,348EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,534,004BOYAmt
EOY$6,250,223EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,545,597BOYAmt
EOY$6,295,444EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$94,662ReconcilationRevenueExpnssAmt
Net Unrlzd Gains Losses Invst$621,557NetUnrlzdGainsLossesInvstAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewYes (true)AccountantCompileOrReviewInd

Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
FS AuditedfalseFSAuditedInd
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$84,504CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$193,838CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$143,880CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$95,138CurrentTaxYearMinus1YearAmt
Current Tax Year$128,188CurrentTaxYearAmt
Total$645,548TotalAmt

Tax Rev Levied Orgnztnl Bnft170 TaxRevLeviedOrgnztnlBnft170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Govt Furn Srvc Fclts Vl170 GovtFurnSrvcFcltsVl170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$84,504CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$193,838CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$143,880CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$95,138CurrentTaxYearMinus1YearAmt
Current Tax Year$128,188CurrentTaxYearAmt
Total$645,548TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$162,578SubstantialContributorsTotAmt
Public Support Total170$482,970PublicSupportTotal170Amt

Gross Investment Income170 GrossInvestmentIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$136,162CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$137,920CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$138,928CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$185,638CurrentTaxYearMinus1YearAmt
Current Tax Year$152,494CurrentTaxYearAmt
Total$751,142TotalAmt

Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Total$0TotalAmt
FieldValueIRS element (for citing)
Total Support$1,396,690TotalSupportAmt
Gross Receipts Rltd Activities$235,702GrossReceiptsRltdActivitiesAmt
Public Support CY1700.34580PublicSupportCY170Pct
Public Support PY1700.35360PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,144,851TotalRevEtcAuditedFinclStmtAmt
Net Unrealized Gains Invst$621,557NetUnrealizedGainsInvstAmt
Revenue Not Reported$621,557RevenueNotReportedAmt
Revenue Subtotal$523,294RevenueSubtotalAmt
Total Revenue Per Form990$523,294TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$428,632TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$428,632ExpensesSubtotalAmt
Total Expenses Per Form990$428,632TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferencePart X : FIN48 FootnoteFormAndLineReferenceDesc
ExplanationNSHMBA FOUNDATION is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (Code). Therefore, the Foundation IS subject to federal income tax only on unrelated business income. THE FOUNDATION is NOT a private foundation as defined in the Code.GAAP requires the evaluation of tax positions taken in the course of preparing the FOUNDATIONs tax returns and recognition of a tax liability (or asset) if the FOUNDATION has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2019, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements.ExplanationTxt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd
Total501c3 Org0Total501c3OrgCnt
Total Other Org0TotalOtherOrgCnt

Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp

FieldValueIRS element (for citing)
Grant TypeSCHOLARSHIPS TO MBA STUDENTSGrantTypeTxt
Recipient31RecipientCnt
Cash Grant$64,000CashGrantAmt

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceGrantmaker's Description of How Grants are UsedFormAndLineReferenceDesc
ExplanationFUNDS ARE ISSUED TO THE UNIVERSITY THAT THE STUDENT IS ATTENDING.ExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonTHOMAS SAVINOPersonNm
TitleCEOTitleTxt
Compensation Based On Rltd Orgs$228,357CompensationBasedOnRltdOrgsAmt
Deferred Comp Rltd Orgs$16,905DeferredCompRltdOrgsAmt
Total Compensation Rltd Orgs$245,262TotalCompensationRltdOrgsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Form 990, Part VI, Line 3: Description of Delegated Duties to Management CompanyTHE ORGANIZATION CONTRACTED THE NATIONAL SOCIETY OF HISPANIC MBAS, A TAX EXEMPT RELATED ENTITY, TO PROVIDE THE OUTSOURCING OF MANAGEMENT AND ADMINISTRATIVE SERVICES. THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS OVERSIGHT OVER MANAGEMENT. SEE SCHEDULE R FOR TRANSACTIONS.
Form 990, Part VI, Line 11b: Form 990 Review ProcessTHE ORGANIZATION REQUIRES THAT THE BOARD REVIEW THE FORM 990 PRIOR TO FILING IT EACH YEAR AND HAS A DETAILED PROCESS AND PROCEDURES FOR THIS RESPONSIBILITY. THE COMPLETED FORM WILL BE PROVIDED TO THE AUDIT/GOVERNANCE COMMITTEE OF THE BOARD AND IT WILL BE REVIEWED BY ALL COMMITTEE MEMBERS. NEXT, ALL MEMBERS OF THE BOARD WILL RECEIVE THE FORM 990 FOR THEIR REVIEW. A BOARD/COMMITTEE RESOLUTION IS REQUIRED FOR THE FORM 990 FILING.
Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of ConflictsTHE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ANNUALLY, THE EMPLOYEES, BOARD OF DIRECTORS OF THE ORGANIZATION AND EACH CHAPTER MUST SIGN A WRITTEN STATEMENT OF COMPLIANCE AND DISCLOSURE. THE ORGANIZATION MONITORS THE COMPLIANCE AND ENFORCEMENT WITH THE POLICY BY REGULARLY REVIEWING THE POLICY AND UPDATING IT AS NECESSARY, COMMUNICATING ANY CHANGES TO EMPLOYEES AND BOARD OF DIRECTORS. THE ORGANIZATION HAS A HOTLINE VIA PHONE AND WEBSITE WHERE COMPLAINTS ARE TAKEN BY AN INDEPENDENT THIRD PARTY AND INVESTIGATED BY AN INDEPENDENT BOARD OF DIRECTORS' COMMITTEE.
Form 990, Part VI, Line 15a: Compensation Review & Approval Process - CEO, Top ManagementTHE ORGANIZATION HAS A POLICY AND PROCEDURES FOR COMPENSATION AND APPROVAL OF THE MANAGEMENT SERVICES PROVIDED, WHICH INCLUDES APPROVAL BY THE BOARD OF DIRECTORS AND INCLUDES COMPARING COMPENSATION DATA FROM SIMILAR NON-PROFIT ORGANIZATIONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE PROCESS.
Form 990, Part VI, Line 19: Other Organization Documents Publicly AvailableTHE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE ON THEIR WEBSITE. THE ANNUAL REPORT IS ALSO AVAILABLE AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1NATIONAL SOCIETY OF HISPANIC MBAS INCBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line12711 LBJ FREEWAY SUITE 800AddressLine1Txt
CityDALLASCityNm
State AbbreviationTXStateAbbreviationCd
ZIP75234ZIPCd
FieldValueIRS element (for citing)
EIN270436759EIN
Primary ActivitiesFOSTER HISPANIC LEADERSHIPPrimaryActivitiesTxt
Legal Domicile StateTXLegalDomicileStateCd
Exempt Code Section501(c)(6)ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgYes (true)LoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgfalsePerformOfServicesForOthOrgInd
Perform Of Services By Other OrgYes (true)PerformOfServicesByOtherOrgInd
Sharing Of FacilitiesYes (true)SharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (3 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
NATIONAL SOCIETY OF HISPANIC MBAS INC
d$1,051,129CASH PAID
NATIONAL SOCIETY OF HISPANIC MBAS INC
m$173,892CASH PAID
NATIONAL SOCIETY OF HISPANIC MBAS INC
s$35,423CASH PAID

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