2017-05-08T06:17:49-07:00 2016-12-31 Sutton Frost Cary LLP 600 Six Flags Dr Suite 600 Arlington TX 76011 990 2016-01-01 954196238 NSHMBA FOUNDATION NSHM 2145247513 2711 LBJ FREEWAY DALLAS TX 75234 MONICA PUENTE Controller 2017-05-08 true Kimberly D Crawford P00446484 8176498083 2016 2021-01-29 14:40:06Z X MONICA PUENTE 2711 LBJ FREEWAY SUITE 800 DALLAS TX 75234 1070619 false false X WWW.NSHMBA.ORG X 1988 TX THE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT EDUCATIONAL OPPORTUNITIES AND ADVANCEMENT FOR HISPANIC STUDENTS AND PROFESSIONALS INCLUDING THE MANAGEMENT OF THE NSHMBA SCHOLARSHIP PROGRAM. 3 3 0 3 0 84504 193838 60818 15925 323809 407274 25983 -40185 495114 576852 10000 0 0 0 0 -39 1299985 1099354 1309985 1099354 -814871 -522502 5940162 5525615 54816 71918 5885346 5453697 THE ORGANIZATION'S MISSION IS TO PROMOTE AND SUPPORT EDUCATIONAL OPPORTUNITIES AND ADVANCEMENT FOR HISPANIC STUDENTS AND PROFESSIONALS INCLUDING THE MANAGEMENT OF THE NSHMBA SCHOLARSHIP PROGRAM AND PROFESSIONAL DEVELOPMENT PROGRAMS. false false 850000 NSHMBA FOUNDATION PROVIDED FUNDING TO THE NATIONAL SOCIETY OF HISPANIC MBA'S TO FURTHER SUPPORT THE MISSION OF PROMOTING ADVANCEMENT OF HISPANIC STUDENTS AND PROFESSIONALS. 43535 CHAPTERS CONDUCTED EVENTS THROUGH THE NSHMBA FOUNDATION THAT OFFERED EDUCATIONAL ADVANCEMENT THROUGH PROFESSIONAL DEVELOPMENT AND STUDENT FOCUSED PROGRAMS. NSHMBA FOUNDATION SCHOLARSHIP PROGRAM PROVIDES FINANCIAL SUPPORT FOR PROFESSIONALS SEEKING TO OBTAIN AN MBA OR EQUIVALENT DEGREE. 893535 true true false false false false false false false false false false false false false true false true false false false false false false true false false false false true false false false false false false false false false false false false false false false false true false false false false true 0 0 false 0 false false false false false false false false false 0 false false false false false false false false false false X 3 3 false true false false false false false true true false false true true true true true true true true false CA X X MONICA PUENTE CONTROLLER 2145247513 2711 LBJ FREEWAY SUITE 800 DALLAS TX 75234 LINO CARRILLO Chairman 2.00 0.00 X X 0 0 0 STUART JARA Director 2.00 0.00 X 0 0 0 DAVID PEREZ Director 2.00 0.00 X 0 0 0 THOMAS SAVINO CEO 0.00 40.00 X 0 221298 471 MONICA PUENTE Controller 0.00 40.00 X 0 73693 7452 294991 7923 0 false true false 0 82600 111238 193838 SPONSORSHIP OF CHAPTER 900099 15925 15925 15925 137820 137820 0 100 100 0 721444 451990 269454 269454 269454 1492 82600 41777 -40285 0 0 0 576852 153845 269454 0 0 0 0 0 0 0 0 0 0 173892 173892 0 0 0 0 0 26303 1908 24395 0 249 249 0 0 0 3283 3283 0 43153 38538 4615 0 850000 850000 0 2065 2065 BANK CARD CHARGES 1257 1257 Fees 690 690 EQUIPMENT RENTAL 650 650 BANK CHARGES 300 300 -2488 -1093 -1356 -39 1099354 893535 205858 -39 332023 27138 0 0 15535 10000 0 0 200000 0 8409 6645 0 5575514 5281832 0 0 0 8681 0 5940162 5525615 48287 70808 3000 1110 3529 54816 71918 X 5885346 5436792 16905 5885346 5453697 5940162 5525615 -522502 90853 X false true X true false X 712260 260404 236772 84504 193838 1487778 154986 86830 130011 60818 15925 448570 0 0 0 867246 347234 366783 145322 209763 1936348 0 129334 151878 154316 78235 83187 596950 129334 151878 154316 78235 83187 596950 1339398 22016 163627 198558 136162 137920 658283 0 22016 163627 198558 136162 137920 658283 0 0 889262 510861 565341 281484 347683 2594631 0.51620 0.57160 0.25370 0.24380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 709482 90853 41777 132630 576852 576852 1141131 41777 41777 1099354 1099354 Part X : FIN48 Footnote MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2016, 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 CONSOLIDATED FINANCIAL STATEMENTS. Part XI, Line 2d: Other revenue amounts included in F/S but not included on form 990 FUNDRAISING EVENT EXPENSES $41777 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $41777 false CHAPTER EVENTS 84092 82600 1492 5639 27558 3925 4655 84092 82600 1492 5639 27558 3925 4655 41777 -40285 false false false false false false false false false false THOMAS SAVINO CEO 221298 471 221769 Form 990, Part VI, Line 3: Description of Delegated Duties to Management Company THE 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. Form 990, Part VI, Line 11b: Form 990 Review Process THE 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 Conflicts THE 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 Management THE 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 Available THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE ON THEIR WEBSITE. THE ANNUAL REPORT IS ALSO AVAILABLE AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. NATIONAL SOCIETY OF HISPANIC MBAS INC 2711 LBJ FREEWAY SUITE 800 DALLAS TX 75234 270436759 FOSTER HISPANIC LEADERSHIP TX 501(c)(6) N/A false false false false true false false false false false false false false true true true false false true false NATIONAL SOCIETY OF HISPANIC MBAS INC d 200000 CASH PAID NATIONAL SOCIETY OF HISPANIC MBAS INC m 173892 FAIR VALUE NATIONAL SOCIETY OF HISPANIC MBAS INC r 850000 CASH PAID