2013-11-13T14:11:42-06:00 2012-12-31 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-01-01 431249249 UNITED STATES HISPANIC CHAMBER OF COMMERCE UNIT 2028421212 1424 K STREET NW NO 401 WASHINGTON DC 20005 JAVIER PALOMAREZ 2028421212 2013-11-08 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2016-02-24 21:20:13Z JAVIER PALOMAREZ 1424 K STREET NW NO 401 WASHINGTON DC 20005 5015584 0 X WWW.USHCC.COM X 1979 NM TO PROMOTE THE DEVELOPMENT AND GROWTH OF HISPANIC-OWNED BUSINESSES. 22 22 15 22 166177 -382217 0 7080 4082962 5004547 3175 297 5240 3660 4091377 5015584 0 0 0 0 1112699 1462760 0 0 0 3391641 3693171 4504340 5155931 -412963 -140347 2351356 1322362 2800016 1970180 -448660 -647818 X THE PRIMARY PURPOSE OF THE UNITED STATES HISPANIC CHAMBER OF COMMERCE IS TO PROMOTE DEVELOPMENT AND GROWTH OF HISPANIC-OWNED BUSINESSES. THE USHCC IS THE CENTRAL LINK IN A NATIONWIDE NETWORK THAT PROVIDES OPPORTUNITIES TO THE HISPANIC BUSINESS COMMUNITY. 0 0 NATIONAL CONVENTION & BUSINESS EXPO:THE NATIONAL CONVENTION IS HELD ANNUALLY IN SEPTEMBER AND ATTENDED BY OVER 5,000 PEOPLE. THE CONVENTION HELPS PROMOTE NETWORKING AND THE SHARING OF VALUABLE INFORMATION TO HISPANIC BUSINESSES AND CHAMBER MEMBERS. LEGISLATIVE CONFERENCE:THIS PROGRAM IS THE LEADING LEGISLATIVE FORUM REPRESENTING THE INTERESTS OF THE LATINO AND LATINA BUSINESS COMMUNITY. IT BRINGS TOGETHER HISPANIC ELECTED OFFICIALS, MEMBERS OF CONGRESS, GOVERNMENT LEADERS, INFLUENTIAL HISPANIC ENTREPRENEURS AND MEMBERS OF CORPORATE AMERICA TO DISCUSS THE IMPORTANT ISSUES AFFECTING THE HISPANIC BUSINESS COMMUNITY. PROCUREMENT INITIATIVES 0 0 0 1 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 24 0 1 15 1 1 1 0 0 0 1 1 0 X 22 22 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 DC X MANUEL COSME 2028421212 1424 K STREET NW NO 401 WASHINGTON DC 20005 MARC RODRIGUEZ 10.00 1.00 X X 0 0 0 RAYMOND ARROYO 1.00 1.00 X 0 0 0 RUBEN TABORDA 1.00 1.00 X 0 0 0 MARTHA MONTOYA 1.00 1.00 X 0 0 0 TONY QUINTERO 1.00 1.00 X 0 0 0 PETER VILLEGAS 1.00 1.00 X 0 0 0 DON SALAZAR 1.00 1.00 X 0 0 0 NINA VACA-HUMRICHOUSE 1.00 1.00 X 0 0 0 JUVENTINO CANO 1.00 1.00 X 0 0 0 DAVID GOMEZ 1.00 1.00 X 0 0 0 ELIZABETH CHALAS-BERMAN 1.00 1.00 X 0 0 0 TONY JIMENEZ 1.00 1.00 X 0 0 0 JOSE NINO 1.00 1.00 X 0 0 0 MARIA WELCH-MARTINEZ 1.00 1.00 X 0 0 0 CESAR MELGOZA 1.00 1.00 X 0 0 0 GABRIEL PASCUAL 1.00 1.00 X 0 0 0 ELLIOT RIVERA 1.00 1.00 X 0 0 0 FRANK RODRIGUEZ 1.00 1.00 X 0 0 0 IGNACIO VELOZ 1.00 1.00 X 0 0 0 MARIANO LEGAZ 1.00 1.00 X 0 0 0 CARMEN LONSTEIN 1.00 1.00 X 0 0 0 ROGER MARRERO 1.00 1.00 X 0 0 0 JAVIER PALOMAREZ 30.00 10.00 X 408239 0 16910 MANUEL COSME 7.50 2.50 X 54429 0 3515 DEVERE KUTSCHER 40.00 X 111843 0 7364 GISSEL NICHOLAS 40.00 X 104218 0 15180 EDUARDO PEREIRA 40.00 X 105478 0 5424 JESSE SALAZAR 40.00 X 104556 0 6786 JENNIFER TARAZON 40.00 X 104949 0 5424 993712 0 60603 6 0 1 0 JW MARRIOTT 900 WEST OLYMPIC BLVD LOS ANGELES CA 90015 EVENT VENUE 526386 FONTAINEBLEAU HOTEL PO BOX 12889 MIAMI FL 12889 EVENT VENUE 471231 ELITE GLOBAL EVENTS INC 114 W 47TH ST 19TH FL NEW YORK NY 10036 EVENT CONSULTING 314635 ASCENSION MEDIA GROUP 1819 L ST NW STE 100 WASHINGTON DC 20036 TV PRODUCTION CONSULTING 302317 HARGROVE ONE HARGROVE DRIVE LANHAM MD 20706 EVENT PRODUCTION 176014 7 7080 7080 CONVENTION & EVENTS 900099 3572258 3558758 13500 MEMBERSHIP DUES 900099 988572 988572 SPECIAL PROJECTS 900099 277540 277540 TELEVISION PROGRAM 541800 166177 166177 5004547 297 297 OTHER REVENUES 900099 3660 3660 3660 5015584 4828530 166177 13797 X 518947 817741 3708 38205 84159 15402 64478 679360 176954 195942 50471 141320 468353 1296490 35614 26931 76202 SHOW PRODUCTION EXPENSE 435450 SYNDICATION EXPENSE 81137 BAD DEBT EXPENSES 74682 DUES AND SUBSCRIPTIONS 25642 -151257 5155931 165355 275824 87670 87670 949333 369976 434782 174322 348203 294113 71144 54090 643072 360480 2351356 1322362 862944 266181 1037481 780332 865341 829186 34250 94481 2800016 1970180 X -448660 -647818 -448660 -647818 2351356 1322362 -140347 -58811 0 X 0 1 X 1 0 0 1 0 348203 294113 54090 54090 INTERCOMPANY RECEIVABLE 360480 360480 CAPITAL LEASE OBLIGATIONS 26068 DEFERRED RENT 68413 94481 X 5817769 147157 655028 802185 5015584 0 5015584 6046978 147157 743890 891047 5155931 0 5155931 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: USHCC IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER THE PROVISIONS OF SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE (THE CODE). INCOME FROM UNRELATED BUSINESS ACTIVITIES IS TAXABLE TO USHCC. THE FOR-PROFIT AFFILIATES HAVE ONE MEMBER, AND CONSEQUENTLY, THEIR ACTIVITIES ARE REPORTED FOR INCOME TAX PURPOSES UNDER USHCCS FEDERAL RETURN. DURING 2012, USHCC HAD UNRELATED BUSINESS INCOME, BUT THERE WAS NO FEDERAL OR STATE INCOME TAX SINCE THE NET RESULT AFTER DEDUCTING ASSOCIATED EXPENSES IN EACH OF THESE YEARS WAS A LOSS. USHCC FOLLOWS THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES, WHICH ADDRESSES THE DETERMINATION OF WHETHER TAX BENEFITS CLAIMED OR EXPECTED TO BE CLAIMED ON A TAX RETURN SHOULD BE RECORDED IN THE FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, USHCC MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE SETTLEMENT. THE GUIDANCE ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES ALSO ADDRESSES DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES ON INCOME TAXES, AND ACCOUNTING IN INTERIM PERIODS. USHCC HAS EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE AS OF DECEMBER 31, 2012. GENERALLY, USHCC IS NO LONGER SUBJECT TO U.S. FEDERAL INCOME TAX POSITIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS 655,028. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ENTITY ACTIVITIES INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS 743,890. X X X X X 0 0 0 JAVIER PALOMAREZ 408239 0 0 0 0 0 1730 0 15180 0 425149 0 0 0 PART I, LINE 5 THE BONUS OF THE PRESIDENT IS PARTIALLY CONTINGENT UPON THE FINANCIAL RESULTS OF THE ORGANIZATION. PART I, LINE 6 THE BONUS OF THE PRESIDENT IS PARTIALLY CONTINGENT UPON THE FINANCIAL RESULTS OF THE ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 6 USHCC MEMBERS INCLUDE DUES PAYING LOCAL CHAMBER OF COMMERCE, PROFESSIONAL TRADE ASSOCIATION OR BUSINESS NETWORK. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS REVIEWED BY THE BOARD'S AUDIT AND FINANCE COMMITTEES PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ALL OF THE EMPLOYEES AND BOARD MEMBERS ARE REQUIRED TO SIGN THESE POLICIES. THEY ARE REQUIRED TO REVIEW AND REPORT ANY CONFLICTS. FORM 990, PART VI, SECTION B, LINE 15 SALARY LEVELS OF OTHER SIMILAR ORGANIZATIONS ARE SURVEYED. THERE WAS A REPORT WRITTEN, WHICH INCLUDES COMPENSATION STUDIES AND DISCUSSION WERE DOCUMENTED IN BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G EVENT PLANNER: TOTAL EXPENSES 238,750. EXECUTIVE ASSISTANT: TOTAL EXPENSES 66,638. FEDERAL PROCUREMENT CONSULT: TOTAL EXPENSES 29,000. LEGISLATIVE CONSULTANT: TOTAL EXPENSES 120,638. MARKETING CONSULTANT: TOTAL EXPENSES 106,876. OFFICE MANAGEMENT: TOTAL EXPENSES 24,533. SALES COMMISSIONS: TOTAL EXPENSES 20,176. TECHNOLOGY CONSULTANT: TOTAL EXPENSES 36,605. PROJECT CONSULTANT : TOTAL EXPENSES 27,540. RECEPTIONIST: TOTAL EXPENSES 8,604. USHCC ACCESS TO CAPITAL LLC 1424 K STREET NW STE 401 WASHINGTON DC 20005 800012832 FINANCIAL INVESTMENTS DC 0 130 UNITED STATES HISPANIC CHAMBERS OF COMMERCE USHCC MEDIA VENTURES LLC 1424 K STREET NW STE 401 WASHINGTON DC 20005 460464170 MEDIA DC 0 4145 UNITED STATES HISPANIC CHAMBERS OF COMMERCE UNITED STATES HISPANIC CHAMBER OF COMMERCE FOUNDATION 1424 K STREET NW SUITE 401 WASHINGTON DC 20005 521754629 BUSINESS EDUCATION DC 501(C)(3) LINE 8 UNITED STATES HISPANIC CHAMBER OF COMMERCE 0 UNITED STATES HISPANIC CHAMBER OF COMMERCE BUSINESS DEVELOPMENT 1424 K STREET NW SUITE 401 WASHINGTON DC 20005 262713435 BUSINESS AND TRAINING DEVELOPMENT DE 501(C)(3) LINE 8 UNITED STATES HISPANIC CHAMBER OF COMMERCE 0 ASOCIACION CIVIL DE UNITED STATES CHAMBERS OF COMMERCE 1424 K STREET NW SUITE 401 WASHINGTON MX 20005 TO FOSTER AND PROMOTE THE MISSION OF USHCC IN MEXICO MX UNITED STATES HISPANIC CHAMBER OF COMMERCE 0 USHCC ENTERPRISES INC 1424 K STREET NW SUITE 401 WASHINGTON DC 20005 260880092 ADVISORY SERVICE CA UNITED STATES HISPANIC CHAMBER OF COMMERCE C 171 498 1.00000 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 0 UNITED STATES HISPANIC CHAMBER OF COMMERCE FOUNDATION Q 360480 COST