2017-11-08T08:33:08-06:00 2016-12-31 521853933 RIBIS JONES & MARESCA PA 10500 LITTLE PATUXENT PARKWAY SUITE 770 COLUMBIA MD 21044 990 2016-01-01 850356947 HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY HISP 2026824012 1220 L STREET NW NO 701 WASHINGTON DC 20005 CID D WILSON PRESIDENT/CEO 2026824012 2017-11-07 1 DAVID JONES P01361002 4108840220 64.88.174.3 2017-11-07 14:07:34 ES P 6B3294020F42B9E559A00BBAECB87153F921F36C 3F84192447B73221CB0C8502457460F2D4B1F7EA 2016 2018-03-14 21:41:22Z X CID D WILSON 1444 I STREET NW WASHINGTON DC 20005 4066414 0 X WWW.HACR.ORG X 1986 DC TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS. 14 14 13 14 0 0 824683 1161537 1754639 1712495 41646 7138 4488 29335 2625456 2910505 0 0 0 0 855297 958965 0 0 0 1536665 2030666 2391962 2989631 233494 -79126 2621995 2578149 830894 788569 1791101 1789580 X TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS. 0 0 1207275 528495 SYMPOSIUM AND CONFERENCE: HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR STIMULATING DISCUSSIONS AND TO AMBITIOUSLY SEEK WAYS TO ADVANCE HISPANIC INCLUSION IN CORPORATE AMERICA. CONFERENCE PARTICIPANTS, REPRESENTING THE MOST HIGHLY RESPECTED AND RECOGNIZED FORTUNE 500 COMPANIES, COME TOGETHER FOR THE COMMON PURPOSE OF PROMOTING BEST PRACTICES, ADDRESSING CORPORATE SOCIAL RESPONSIBILITY AS IT RELATES TO HISPANIC INCLUSION IN THEIR RESPECTIVE ORGANIZATIONS, AND TO EXPLORE THE PRESENT AND FUTURE ROLES OF HISPANICS AS CORPORATE AND COMMUNITY LEADERS. 872927 LEADERSHIP AND EDUCATION: YOUNG HISPANIC CORPORATE ACHIEVERS PROGRAM ("YHCA") - HELD ANNUALLY, YHCA RECOGNIZES YOUNG HISPANICS IN CORPORATE AMERICA WHO HAVE SHOWN LEADERSHIP QUALITIES AT THEIR RESPECTIVE COMPANIES ALONG WITH A PROVEN COMMITMENT TO THE HISPANIC COMMUNITY. YHCA ACKNOWLEDGES YOUNG HISPANICS BETWEEN THE AGES OF 25 AND 40 WORKING FOR FORTUNE 500 AND/OR HACR CORPORATE MEMBER COMPANIES WHO PARTICIPATE IN AN INTENSIVE THREE-DAY LEADERSHIP DEVELOPMENT, EDUCATION, AND TRAINING CONFERENCE.CORPORATE EXECUTIVE FORUM ("CEF") - THE CEF ANNUAL MEETING BRINGS TOGETHER HISPANIC CORPORATE EXECUTIVES CURRENTLY EMPLOYED AT FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES TO SHARE BEST PRACTICES, DISCUSS WAYS TO FURTHER PROMOTE HISPANIC INCLUSION IN CORPORATE AMERICA, LEARN FROM EXPERTS ABOUT THE HISPANIC CONSUMER MARKET, AND ESTABLISH A HIGHLY INFLUENTIAL NETWORK WITH THEIR PEERS.CORPORATE DIRECTORS SUMMIT ("CDS") - THE CDS IS AN INITIATIVE ESTABLISHED BY HACR'S CORPORATE DIRECTORS COUNCIL IN AN EFFORT TO INCREASE THE NUMBER OF HISPANICS SERVING ON CORPORATE BOARDS SO THAT IT REFLECTS THE GROWING U.S. HISPANIC POPULATION.HACR LEADERSHIP PIPELINE PROGRAM ("LPP") - THE LPP WAS CREATED TO PROVIDE FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES A FORUM TO DEVELOP MID AND UPPER LEVEL HISPANIC EXECUTIVES. THIS PROGRAM BUILDS UPON THE LEGACY AND SUCCESS OF THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS, EXPANDING OPPORTUNITIES FOR HIGH-POTENTIAL TALENT TO NETWORK AND DEVELOP LEADERSHIP AND MANAGERIAL SKILLS TO TAKE THEM TO THE NEXT LEVEL AND POSITIVELY IMPACT THEIR RESPECTIVE COMPANIES. 352936 1184000 MEMBERSHIP SERVICES: HACR HAS APPROXIMATELY 55 FORTUNE 500 CORPORATE MEMBERS WHO REPRESENT MORE THAN 50 MILLION HISPANICS LIVING IN THE UNITED STATES AND PUERTO RICO. THERE ARE TWO CLASSIFICATIONS OF MEMBERS: GENERATIONS MEMBER WITH ANNUAL DUES OF $25,000, AND ASSOCIATE MEMBER WITH ANNUAL DUES OF $15,000. HACR PROVIDES A PLATFORM FOR ITS MEMBERS TO DISCUSS AND IDENTIFY EFFECTIVE STRATEGIES AND MODELS FOR ACHIEVING GREATER INCLUSION AND PARTICIPATION OF HISPANICS IN THE AREAS OF EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE. 147076 RESEARCH AND PUBLICATIONS - CORPORATE INCLUSION INDEX ("CII")- THROUGH ITS RESEARCH INSTITUTE, HACR PUBLISHES THE ANNUAL CII REPORT, WHICH FEATURES THE FINDINGS OF HISPANIC INCLUSION IN FORTUNE 100 AND 500 COMPANIES AS WELL AS HACR CORPORATE MEMBER COMPANIES. THE SURVEY RESULTS ARE A CRUCIAL PART OF HACR'S ACCOUNTABILITY STRATEGY, ALLOWING THE EVALUATION OF CORPORATE AMERICA IN FOUR AREAS OF CORPORATE RESPONSIBILITY: EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE.CORPORATE OBSERVER - HACR PUBLISHES A QUARTERLY NEWSLETTER, WHICH HIGHLIGHTS THOSE ACTIVITIES ENGAGED BY THE ORGANIZATION. 147076 2580214 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 1 12 0 1 13 1 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X THE ORGANIZATION 2026824012 1220 L STREET NW NO 701 WASHINGTON DC 20005 IGNACIO SALAZAR CHAIR 1.00 X X 0 0 0 JUAN ANDRADE VICE CHAIRMAN 1.00 X X 0 0 0 RONALD BLACKBURN-MORENO TREASURER 1.00 X X 0 0 0 AMY HINOJOSA SECRETARY 1.00 X X 0 0 0 THE HON LINCOLN DIAZ-BALART DIRECTOR 1.00 X 0 0 0 JANET MURGUIA DIRECTOR 1.00 X 0 0 0 ANGEL ZUNIGA DIRECTOR 1.00 X 0 0 0 THE HON LINDA T SANCHEZ DIRECTOR 1.00 X 0 0 0 ROGER ROCHA DIRECTOR 1.00 X 0 0 0 DR ANTONIO FLORES DIRECTOR 1.00 X 0 0 0 SONIA LOPEZ DIRECTOR 1.00 X 0 0 0 MARTHA MONTOYA DIRECTOR 1.00 X 0 0 0 THOMAS SAVINO DIRECTOR 1.00 X 0 0 0 JAVIER POLAMAREZ DIRECTOR 1.00 X 0 0 0 LISETTE GARCIA SR. VP AND COO 40.00 X 117813 0 8859 CID WILSON PRESIDENT AND CEO 40.00 X 202430 0 19976 320243 0 28835 2 0 1 0 DUFOUR & CO LLC 1901 FT MYER DR SUITE 502 ARLINGTON VA 22209 EVENT PRODUCTIONS 164047 1 1161537 67500 1161537 MEMBERSHIP DUES 900099 1184000 1184000 SYMPOSIUM & CONFERENCE 900099 528495 528495 1712495 34112 34112 29335 0 29335 29335 29335 1128935 1155909 -26974 -26974 -26974 2910505 1712495 0 36473 X 333627 295780 37847 481328 426726 54602 19222 17042 2180 64573 57248 7325 60215 53385 6830 12200 12200 15530 15530 659366 584566 74800 106437 70988 35449 72864 64598 8266 206043 182669 23374 132083 124396 7687 706198 609242 96956 66027 58537 7490 14398 14398 DUES & SUBSCRIPTIONS 39520 35037 4483 2989631 2580214 409417 0 410757 534579 87342 120092 50000 187867 15184 79699 88806 529792 138941 450717 390851 1314388 1387412 41225 41225 2621995 2578149 200535 17520 241900 295000 388459 476049 830894 788569 X 603605 570569 17496 49011 1170000 1170000 1791101 1789580 2621995 2578149 -79126 77605 0 X X 0 1 X 1 0 X 1091740 1069200 810000 824683 1161537 4957160 1408800 1429050 1493625 1754639 1712495 7798609 2500540 2498250 2303625 2579322 2874032 12755769 0 195563 64552 279632 270680 172874 983301 195563 64552 279632 270680 172874 983301 11772468 14362 24105 50006 43162 63447 195082 14362 24105 50006 43162 63447 195082 4488 4488 2514902 2522355 2353631 2626972 2937479 12955339 0.90870 0.88120 0.01510 0.01150 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2015 AMOUNT: $ 4,488. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1187496 31515 55885 1163126 1211898 -24402 1187496 1162101 20000 29797 1211898 650000 500000 12101 1162101 300000 350000 650000 1.00000 0 0 375620 54257 321363 74686 60091 14595 79486 24593 54893 390851 DEFERRED RENT 476049 476049 X 2988110 77605 77605 2910505 0 2910505 0 0 0 0 0 PART V, LINE 4: HACR PLANS TO MAKE DISTRIBUTIONS FROM INCOME EARNED ON THE ENDOWMENT FOR THE CEF, WHICH WAS ESTABLISHED TO PROVIDE THE MOST SENIOR HISPANIC CORPORATE EXECUTIVES AT FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES A FORUM TO DISCUSS BUSINESS ISSUES, CHALLENGES, AND SOLUTIONS. AS SUCH, THE GOVERNING BOARD HAS AUTHORIZED HACR'S PRESIDENT & CEO TO SPEND THE INCOME FROM THE ENDOWMENT ACCOUNT BASED ON THE AMOUNT OF EARNINGS IN THE PRIOR YEAR. A TOTAL OF $55,885 OF THE ENDOWMENT FUND WAS APPROPRIATED FOR EXPENDITURES, RESULTING IN A REDUCTION IN THE ENDOWMENT CORPUS TOTALING $6,874. MANAGEMENT IS OF THE OPINION THAT FUTURE EARNINGS WILL RESTORE THE PRINCIPAL VALUE OF THE ENDOWMENT FUND. PART X, LINE 2: HACR BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 1 0 CID WILSON PRESIDENT AND CEO 202430 0 0 0 0 0 10133 0 9843 0 222406 0 0 0 PART I, LINE 7 ALL MEMBERS OF THE STAFF, EXCLUDING THE PRESIDENT AND CEO, RECEIVED A CHRISTMAS BONUS IN 2016. RONALD BLACKBURN-MORENO TREASURER OF HACR 29355 SUBLEASE 0 SCHEDULE L, PART IV ON DECEMBER 1, 2015, HACR ENTERED INTO A SUBLEASE AGREEMENT WITH ASPIRA ASSOCIATION, INC. WHEREBY ASPIRA SUBLEASES SPACE FROM HACR AT THE SAME AMOUNT AS HACR PAYS THE LANDLORD FOR THE SPACE. THE PRESIDENT AND CEO OF ASPIRA IS ALSO THE TREASURER OF HACR'S BOARD OF DIRECTORS. THE LEASE TERM IS ON A MONTH-TO-MONTH BASIS. FOR THE YEAR ENDED DECEMBER 31, 2016, RENT PAYMENTS FROM ASPIRA TOTALED $29,355. X 125 AIRLINE TICKETS 1 50000 FMV X 20 AIRLINE VOUCHERS 1 17500 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 1 UNLESS LIMITED BY A RESOLUTION OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE SAME AUTHORITY OF THE BOARD BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE EXECUTIVE DIRECTOR AND PRESIDENT/CEO FOR CONSISTENCY AND ACCURACY, AND THEN PRESENTED TO THE TREASURER AND FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND EDITS. ONCE IT IS REVIEWED, EDITED, AND APPROVED BY SENIOR MANAGEMENT, THE TREASURER, AND THE FINANCE COMMITTEE, THE ENTIRE BOARD IS SENT A COMPLETE COPY OF THE FINAL FORM 990 BEFORE IT IS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE CHAIR OF THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND WILL REPORT TO THE FULL BOARD WHEN ALL DISCLOSURES HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. FAILURE BY A DIRECTOR TO COMPLETE AN ANNUAL DISCLOSURE MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15 THE ASSOCIATION HAS A COMPENSATION POLICY THAT CONSISTS OF UTILIZING COMPARABILITY DATA, REVIEW AND APPROVAL BY INDEPENDENT PARTIES, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS IS DONE ANNUALLY. THE LAST TIME A COMPENSATION REVIEW WAS PERFORMED WAS IN 2016. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 584,566. MANAGEMENT AND GENERAL EXPENSES 74,800. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 659,366.