2016-04-11T14:26:38-07:00 2015-12-31 Sutton Frost Cary LLP 600 Six Flags Dr Suite 600 Arlington TX 76011 990 2015-01-01 954196238 NSHMBA FOUNDATION NSHM 2145247513 450 E JOHN CARPENTER FREEWAY IRVING TX 75062 MONICA PUENTE Controller 2016-04-11 true Kimberly D Crawford P00446484 8176498083 2015 2016-09-27 15:27:22Z 1755671 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 236772 84504 130011 60818 198538 323809 20 25983 565341 495114 104637 10000 0 0 0 388 744572 1299985 849209 1309985 -283868 -814871 7316190 5940162 127631 54816 7188559 5885346 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. false false 1050000 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. 38552 2910 CHAPTERS CONDUCTED EVENTS THROUGH THE NSHMBA FOUNDATION THAT OFFERED EDUCATIONAL ADVANCEMENT THROUGH PROFESSIONAL DEVELOPMENT AND STUDENT FOCUSED PROGRAMS. 10000 NSHMBA FOUNDATION SCHOLARSHIP PROGRAM PROVIDED SUPPORT FOR STUDENTS PREPARING FOR THE GMAT. 1098552 true true false false false false false false false false false false false false true true false true false false false false false false true false false false true 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 MONICA PUENTE CONTROLLER 2145247513 450 E JOHN CARPENTER FREEWAY 200 IRVING TX 75062 CARLOS PASSI Chairman 2.00 0.00 X 0 0 0 YVONNE MARTIN Director 2.00 0.00 X 0 0 0 DAVID PEREZ Director 2.00 0.00 X 0 0 0 THOMAS SAVINO CEO-BEG 3/30/15 0.00 4.00 X 0 163427 327 MONICA PUENTE Controller 0.00 4.00 X 0 66072 6765 MANUEL GONZALEZ CEO TO 4/24/15 0.00 4.00 X 0 92587 0 322086 7092 0 false true false 0 84504 84504 SPONSORSHIP OF CHAPTER 900099 60818 60818 60818 136099 136099 0 63 63 0 1363918 1176208 187710 187710 187710 110269 84349 25920 0 0 0 495114 196980 187710 X 0 10000 10000 0 0 0 0 0 0 0 0 0 0 7732 7732 0 0 0 205847 9277 196570 0 0 0 0 0 4548 4548 0 19228 19228 0 1050000 1050000 0 2237 2237 BAD DEBT EXPENSE 3881 583 2910 388 EQUIPMENT RENTAL 3625 3625 SUPPLIES 1168 1168 BANK CARD CHARGES 955 955 764 123 641 1309985 1098552 211045 388 85707 332023 0 0 14000 15535 0 0 0 0 8515 8409 0 7207949 5575514 0 0 0 19 8681 7316190 5940162 20393 48287 4500 3000 102738 3529 127631 54816 X 6928155 5885346 260404 7188559 5885346 7316190 5940162 -814871 -488342 X false true X true false X 619422 712260 260404 236772 84504 1913362 177366 154986 86830 130011 171087 720280 0 0 0 796788 867246 347234 366783 255591 2633642 0 128466 129334 151878 154316 78235 642229 128466 129334 151878 154316 78235 642229 1991413 329163 22016 163627 198558 136162 849526 0 329163 22016 163627 198558 136162 849526 784 784 0 1126735 889262 510861 565341 391753 3483952 0.57160 0.70440 0.24380 0.29460 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED ACCRUED EXPENSES 3529 3529 X 91121 -488342 84349 -403993 495114 495114 1394334 84349 84349 1309985 1309985 Part X : FIN48 Footnote MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE ORGANIZATION, AND HAS CONCLUDED THAT AS OF DECEMBER 31, 2015 AND 2014, 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 $84349 Part XII, Line 2d: Other expenses and losses per audited F/S FUNDRAISING EVENT EXPENSES $84349 false CHAPTER EVENTS 110269 110269 10708 58108 4055 11478 110269 110269 10708 58108 4055 11478 84349 25920 true 0 0 SCHOLARSHIPS TO MBA STUDENTS 10 10000 Grantmaker's Description of How Grants are Used THE ORGANIZATION MAINTAINS A PROCESS AND RECORDS TO SUBSTANTIATE THE AMOUNT OF GRANTS OR SCHOLARSHIPs GRANTED DURING THE YEAR. THE PROCESS INCLUDES SELECTION CRITERIA USED TO AWARD THE GRANTS OR SCHOLARSHIPS. false false false false false false false false false false THOMAS SAVINO CEO-BEG 3/30/15 163427 327 163754 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 TOTAL FEE PAID DURING 2015 WAS $173,892. THE BOARD OF DIRECTORS OF THE ORGANIZATION HAS OVERSIGHT OVER MANAGEMENT. SEE SCHEDULE R FOR OTHER TRANSACTIONS. 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 450 E JOHN CARPENTER FREEWAY 200 IRVING TX 75062 270436759 FOSTER HISPANIC LEADERSHIP TX 501(c)(6) N/A false false false false false false false false false false false false false true true true false false true false NATIONAL SOCIETY OF HISPANIC MBAS INC m 173892 FAIR VALUE NATIONAL SOCIETY OF HISPANIC MBAS INC r 1050000 FAIR VALUE