2013-11-12T18:23:26-06:00 2012-12-31 420714325 MCGLADREY LLP 9737 WASHINGTONIAN BLVD 400 GAITHERSBURG MD 208787340 990 2012-01-01 521114225 CONGRESSIONAL HISPANIC CAUCUS INSTITUTE CONG 2025431771 911 2ND STREET NE WASHINGTON DC 200023501 ESTHER AGUILERA 2025431771 2013-11-12 1 WILLIAM E TURCO CPA P00369217 3012963600 2012 2016-02-24 21:20:13Z CHCI ESTHER AGUILERA 911 2ND STREET NE WASHINGTON DC 200023501 8394381 0 X WWW.CHCI.ORG X 1978 DC CHCI'S MISSION IS TO DEVELOP THE NEXT GENERATION OF LATINO LEADERS BY PROMOTING HIGHER EDUCATION, PROVIDING UNMATCHED CAREER DEVELOPMENT EXPERIENCE, AND AWARD-WINNING LEADERSHIP DEVELOPMENT CURRICULUM. 32 32 154 32 0 0 4243259 3540174 3901618 3888878 41887 108173 4207 -161062 8190971 7376163 385401 385446 0 0 2908696 2566789 13240 224143 700984 3676877 4707408 6984214 7883786 1206757 -507623 9035645 8801859 2029635 2084804 7006010 6717055 X CHCI'S MISSION IS TO DEVELOP THE NEXT GENERATION OF LATINO LEADERS BY PROMOTING HIGHER EDUCATION, PROVIDING UNMATCHED CAREER DEVELOPMENT EXPERIENCE, AND AWARD-WINNING LEADERSHIP DEVELOPMENT CURRICULUM. 0 1 2184667 1647 3888878 ANNUAL CONFERENCE AND GALA:CHCI'S ANNUAL CONFERENCE AND GALA PROGRAM FACILITATES DISCUSSION ON THE MOST SIGNIFICANT ISSUES AFFECTING THE LATINO COMMUNITY. THE CONFERENCE TAKES AN INNOVATIVE APPROACH WITH A CONCURRENT SUMMIT SERIES, WHICH IS BASED ON THE TASKFORCE OF THE CONGRESSIONAL HISPANIC CAUCUS AND THUS CHAIRED BY A HISPANIC MEMBER OF THE U.S. CONGRESS.THE SUMMIT FORMAT NOT ONLY FOCUSES ATTENTION ON THE MOST IMPORTANT ISSUES BUT ALSO HELPS TO ACHIEVE THE HIGHEST LEVEL OF PARTICIPATION FROM THE CONFERENCE ATTENDEES, SUMMIT TOPICS RANGE FROM EDUCATION AND IMMIGRATION TO FINANCE AND INTERNATIONAL TRADE. THE ANNUAL GALA SERVES TO HIGHLIGHT THE LATINO ACCOMPLISHMENTS AND CONTRIBUTIONS TO OUR NATION AND RECOGNIZE LUMINARY LEADERS WITH MEDAL OF EXCELLENCE AWARDS. 881530 390 PUBLIC POLICY FELLOWSHIP:CHCI'S PUBLIC POLICY FELLOWSHIP PROGRAM OFFERS BETWEEN 12 - 15 INDIVIDUALS A PAID, NINE-MONTH FELLOWSHIP AND PROFESSIONAL LEADERSHIP TRAINING PROGRAM FOR YOUNG LATINOS WHO HAVE COMPLETED A BACHELOR'S DEGREE. FELLOWS WORK IN CONGRESSIONAL OFFICES ON CAPITOL HILL, CORPORATE FEDERAL AFFAIRS OFFICES, CONGRESSIONAL COMMITTEES AND FEDERAL AGENCIES, THE WHITE HOUSE, NATIONAL NONPROFIT ADVOCACY ORGANIZATIONS, AND GOVERNMENT-RELATED INSTITUTES. THIS INTENSIVE WORK EXPERIENCE IS ENHANCED BY WEEKLY PROFESSIONAL DEVELOPMENT TRAINING SESSIONS WHERE THEY ENGAGE WITH NATIONAL LEADERS AROUND SUBSTANTIVE PUBLIC POLICY ISSUES. EXPOSURE TO THE WEALTH OF INFORMATION, CONTACTS, AND POLITICAL ACTIVITY IN WASHINGTON, D.C., GIVES FELLOWS A UNIQUE OPPORTUNITY TO PURSUE THEIR PUBLIC POLICY CAREER GOALS.GRADUATE FELLOWSHIPS:CHCI'S GRADUATE FELLOWSHIP PROGRAM HELPS INCREASE THE NUMBER OF LATINO LEADERS IN POLICY AREAS IN WHICH THEY ARE TRADITIONALLY UNDER-REPRESENTED. IT PROVIDES BETWEEN 8 - 10 EXCEPTIONAL LATINO COLLEGE GRADUATES FROM ACROSS THE COUNTRY UNPARALLELED OPPORTUNITIES FOR PROFESSIONAL EXPERIENCE IN THE PUBLIC ARENAS OF EDUCATION, HEALTH, HOUSING, INTERNATIONAL AFFAIRS LAW, AND THE STEM FIELDS (SCIENCE, TECHNOLOGY, ENGINEERING AND MATHEMATICS). IT ALSO OFFERS A CHANCE TO PARTICIPATE IN CHCI'S NATIONALLY ACCLAIMED LEADERSHIP DEVELOPMENT TRAINING PROGRAM, INCLUDING RESEARCH AND PUBLICATION OF A PUBLIC POLICY PAPER ABOUT A PUBLIC POLICY ISSUE IN THEIR CHOSEN FIELD. THESE POLICY PAPERS ARE PRESENTED TO AN AUDIENCE OF KEY PUBLIC AND PRIVATE SECTOR LEADERS ON CAPITOL HILL EACH SPRING. 696586 663 CONGRESSIONAL INTERNSHIPS:CHCI'S CONGRESSIONAL INTERNSHIP PROGRAM PROVIDES OVER 60 LATINO COLLEGE STUDENTS WITH WORK PLACEMENT ON CAPITOL HILL FOUR DAYS A WEEK, WHERE THEY GAIN SUBSTANTIVE WORK AND NETWORKING EXPERIENCE. INTERNS ALSO PARTICIPATE IN ONCE-A-WEEK PROFESSIONAL DEVELOPMENT AND LEADERSHIP TRAINING WHERE THEY MEET WITH NATIONAL PUBLIC AND PRIVATE SECTOR LEADERS AND ENGAGE IN NATIONAL POLICY DISCUSSIONS. THIS COMPREHENSIVE APPROACH TO LEADERSHIP PREPARATION PROVIDES UNMATCHED PROFESSIONAL AND LEARNING OPPORTUNITIES. PROMISING LATINO UNDERGRADUATES FROM ACROSS THE COUNTRY ARE SELECTED FOR PARTICIPATION IN THIS PRESTIGIOUS PROGRAM. 470346 359129 SCHOLARSHIPS:CHCI'S SCHOLARSHIP PROGRAM SUPPORTS BETWEEN 145 - 170 LATINO STUDENTS ON AN ANNUAL BASIS WHO ARE ENROLLED IN COMMUNITY COLLEGE, FOUR-YEAR PROGRAMS, AND GRADUATE SCHOOL. SCHOLARSHIPS ARE AWARDED FOR TWO OR FOUR YEARS, BASED ON THE STUDENT'S PROGRAM OF STUDY, AND PROVIDE CRITICAL FINANCIAL ASSISTANCE THAT HELP KEEP STUDENTS IN SCHOOL AND BOOST THE LATINO COLLEGE GRADUATION RATE. 75807 NATIONAL HOUSING INITIATIVE (NHI):HOGAR, THE SPANISH WORD FOR HOME, STANDS FOR "HISPANIC OWNERSHIP, A GROWING AMERICAN REALITY." CHCI LAUNCHED ITS HOGAR HOUSING INITIATIVE IN SEPTEMBER 2003 TO ENSURE THAT LATINOS SHARE EQUALLY IN THE AMERICAN DREAM OF HOMEOWNERSHIP. HOGAR HAS THREE COMPLEMENTARY COMPONENTS: 1) A FELLOWSHIP PROGRAM TO INCREASE LATINO LEADERS IN THE HOUSING FIELD; 2) HOUSING COMMUNITY EVENTS TO EDUCATE CONSUMERS ON FINANCIAL LITERACY AND THE MORTGAGE PROCESS; AND 3) RESEARCH AND ANALYSIS THAT ADDRESS HOMEOWNERSHIP BARRIERS LATINOS FACE AND THE OPPORTUNITIES THAT EXIST FOR THEM TO BECOME HOMEOWNERS. 662866 23572 OTHER PROGRAMS:CHCI SERVES AS THE CLEARINGHOUSE OF EDUCATIONAL SERVICES AND INFORMATION TO PROVIDE LATINO YOUTH WITH THE TOOLS AND RESOURCES THEY NEED TO ATTAIN A HIGHER EDUCATION. FOR THOSE STUDENTS IN HIGH SCHOOL AND IN COLLEGE, CHCI OFFERS PLANNING PACKAGES AND FINANCIAL AID INFORMATION THAT STUDENTS AND PARENTS CAN DOWNLOAD OR ORDER FROM CHCI'S WEBSITE. UPDATED EVERY OTHER YEAR, THE DIRECTORY IS THE NUMBER ONE PLACE TO FIND OPPORTUNITIES FOR LATINO STUDENTS TO FINANCE THEIR EDUCATION AND RECEIVE HANDS-ON EXPERIENCE IN THE FIELD OF THEIR CHOICE. WITH INFORMATION ON SCHOLARSHIPS, INTERNSHIPS, AND FELLOWSHIPS, THE DIRECTORY INCLUDES CONTACT INFORMATION AND SUMMARIES OF BOTH REGIONAL AND NATIONAL OPPORTUNITIES. 77591 45 READY TO LEAD (R2L):CHCI'S HIGH SCHOOL COLLEGE-READINESS PROGRAM TRAVELS UP TO EIGHT CITIES ACROSS THE COUNTRY AND PROVIDES EDUCATIONAL AND INFORMATION RESOURCES TO LATINO HIGH SCHOOL STUDENTS AND THEIR PARENTS, TO EMPOWER AND MOTIVATE FAMILIES WITH THE BELIEF THAT COLLEGE IS ATTAINABLE. THE INTERACTIVE ONE-DAY PROGRAM INCLUDES FINANCIAL LITERACY TRAINING AND TOOLS IN BOTH SPANISH AND ENGLISH TO HELP STUDENTS AND PARENTS UNDERSTAND HOW TO EFFECTIVELY PREPARE FOR AND APPLY TO COLLEGE, R2L'S MENTORING "POWER HOUR" CONNECTS STUDENTS TO SUCCESSFUL CHCI ALUMNI AND HISPANIC PROFESSIONALS WHO SERVE AS ROLE MODELS. IN THE SUMMER OF 2011, CHCI WILL EXPAND THE R2L PROGRAM TO PROVIDE SELECTED STUDENTS A WEEK IN THE NATION'S CAPITOL, PROVIDING INNOVATIVE LEARNING TOOLS TO PROVIDE A BROAD PERSPECTIVE OF THE PROFESSIONAL OPPORTUNITIES OPEN TO STUDENTS WITH A COLLEGE EDUCATION. 1286610 382746 5049393 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 35 0 1 154 1 0 0 0 0 0 1 1 0 0 0 0 X 32 32 0 0 1 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 DC X DEBBY BLAZUQEZ 2025431771 911 2ND STREET NE WASHINGTON DC 200023501 REP CHARLES A GONZALEZ 2.00 X X 0 0 0 SUSAN GONZALES 1.50 X X 0 0 0 MIKE FERNANDEZ 1.50 X X 0 0 0 BENJAMIN ROMERO 1.50 X X 0 0 0 DEREK LEON 1.50 X 0 0 0 SILVIA R ALDANA 0.50 X 0 0 0 REP JOE BACA 0.50 X 0 0 0 ANDREW BALDONADO 0.50 X 0 0 0 LUIS E CAMPILLO 0.50 X 0 0 0 GIL CASELLAS 0.50 X 0 0 0 MARIA CONTRERAS-SWEET 0.50 X 0 0 0 LEO DIAZ 0.50 X 0 0 0 IVELISSE ESTRADA 0.50 X 0 0 0 HENRY FERNANDEZ 0.50 X 0 0 0 JERRY FUENTES 0.50 X 0 0 0 FRANCISCO J GALI 0.50 X 0 0 0 REP RUBEN HINOJOSA 0.50 X 0 0 0 RITA JARAMILLO 0.50 X 0 0 0 REP BEN RAY LUJAN 0.50 X 0 0 0 MOSES C MERCADO 0.50 X 0 0 0 ORLANDO PADILLA 0.50 X 0 0 0 YVETTE PENA LOPES 0.50 X 0 0 0 REP PEDRO PIERLUISI 0.50 X 0 0 0 PAT PINEDA 0.50 X 0 0 0 SONIA RAMIREZ 0.50 X 0 0 0 CHUCK ROCHA 0.50 X 0 0 0 FRANK ROS 0.50 X 0 0 0 IGNACIO SALAZAR 0.50 X 0 0 0 REP LINDA T SANCHEZ 0.50 X 0 0 0 OMAR A VARGAS 0.50 X 0 0 0 REP NYDIA VELAZQUEZ 0.50 X 0 0 0 E IVAN ZAPIEN 0.50 X 0 0 0 ESTER AGUILERA 37.00 X 171770 0 20479 DEBBY M BLAZQUEZ 37.00 X 130840 0 9911 WILLIAM R GIL 37.00 X 126025 0 4413 GLORIA M GARCIA 37.00 X 123869 0 8341 CARMEN T JOGE 37.00 X 106815 0 18517 659319 0 61661 5 0 1 0 HARGROVE INC ONE HARGROVE DRIVE LANHAM MD 20706 STAGING SERVICES 395645 ITC CONFERENCE SERVICES 414 13TH STREET SUITE 400 OAKLAND CA 94612 FACILITIES AND MEALS 350088 CETERPLATENBSE 801 MOUNT VERNON AVE AW WASHINGTON DC 20001 BANQUET MANAGEMENT 281932 COMMUNITY COUNSELING SERVICE 222 MARY HOLMES DRIVE WEST POINT MS 39773 FUNDRAISING SERVICES 131479 RX HOUSING INC 15603 STILLER PARK DRIVE CYPRESS TX 77429 PROPERTY MANAGEMENT 125823 5 156672 3383502 265096 3540174 ANNUAL CONFERENCE 900099 3888878 3888878 3888878 61177 61177 903316 856320 46996 46996 46996 0 156672 161898 -161898 -161898 OTHER REVENUE 900099 836 836 836 7376163 3888878 0 -52889 385446 385446 333000 140335 151344 41321 1758290 714352 827369 216569 55828 30639 17831 7358 203839 111871 65102 26866 215832 115455 81968 18409 843 843 41395 41395 224143 224143 15581 15581 425139 262464 145046 17629 359552 199266 155050 5236 154735 77909 55856 20970 255853 86211 130997 38645 619544 562925 51065 5554 125089 91110 29944 4035 786 786 23623 23623 21619 18191 3428 STAGING, PRODUCTION AND 939669 892254 35805 11610 MEALS 712006 606564 48632 56810 STIPENDS 688793 688793 DONATED GOODS 212441 65528 146913 110740 80 104831 5829 7883786 5049393 2133409 700984 950 950 1925507 1472452 2154931 2291444 112380 76854 2665916 834002 1813117 1831914 2906619 3014987 122141 113258 9035645 8801859 147824 231268 133000 192500 1247944 1179818 500867 481218 2029635 2084804 X 4264975 3828565 2121822 2269277 619213 619213 7006010 6717055 9035645 8801859 X -507623 222853 -4185 X 0 1 X 1 0 X 5186436 3189040 5839107 4244214 3118406 21577203 5186436 3189040 5839107 4244214 3118406 21577203 3130831 18446372 97966 18595 10951 64523 61177 253212 2833 2833 419 836 1255 21834503 4045550 0.84480 0.91490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 869404 490 869894 250000 619213 191 869404 250000 250000 250000 250000 0.28740 0.71180 0.00080 0 0 730367 730367 1489259 434129 1055130 446290 399873 46417 1831914 SCHOLARSHIPS PAYABLE 369708 INTEREST RATE SWAP OBLIGATION 111510 481218 X 8141266 222853 395933 618786 7522480 15581 -161898 -146317 7376163 8426036 395933 161898 557831 7868205 15581 15581 7883786 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: EARNINGS FROM THE PERMANENTLY RESTRICTED ARE TO BE USED FOR THE CONGRESSIONAL INTERNSHIP PROGRAM AND FROM ORTIZ FOR SCHOLARSHIPS. THE BOARD DESIGNATED NET ASSETS IS FOR THE SCHOLARSHIP PROGRAM. BOARD DESIGNATED NET ASSETS ARE DESIGNATED BY THE BOARD OF DIRECTORS TO ESTABLISH A RESERVE FOR THE SCHOLARSHIP PROGRAM. THERE WERE NO ADDITIONS OR RELEASES OF THESE FUNDS DURING THE YEAR ENDED DECEMBER 31, 2012, AND THE BALANCE AT DECEMBER 31, 2012, WAS $250,000. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: CHCI IS GENERALLY EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE. IN ADDITION, CHCI QUALIFIES FOR CHARITABLE CONTRIBUTION DEDUCTIONS AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION. BUSINESS INCOME, WHICH IS NOT RELATED TO EXEMPT PURPOSES, LESS APPLICABLE DEDUCTIONS, IS SUBJECT TO FEDERAL AND STATE CORPORATE INCOME TAXES. CHCI HAD NO NET UNRELATED BUSINESS INCOME FOR THE YEAR ENDED DECEMBER 31, 2012. THE ACCOUNTING STANDARD ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES 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, CHCI 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. MANAGEMENT EVALUATED CHCI'S TAX POSITIONS AND CONCLUDED THAT CHCI HAD TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. GENERALLY, CHCI IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS BY THE U.S. FEDERAL, STATE OR LOCAL TAX AUTHORITIES FOR YEARS BEFORE 2009. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8C -161,898. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT EXPENSES REPORTED ON LINE 8C 161,898. X X X 1 COMMUNITY COUNSELLING SERVICE CO LLC 1730 RHODE ISLAND AVENUE NW SUITE WASHINGTON DC 20036 CAPITAL CAMPAIGN SERVICES 0 0 131479 -131479 LORI CROWE 930 WAYNE AVE 1402 SILVER SPRING MD 20910 DEVELOP REGIONAL FUNDRAISING INITIATIVES 0 0 38197 -38197 ROBERTO QUINONES 1337 MACBETH STREET MCLEAN VA 22102 DEVELOP STRATEGY FUNDRAISING 0 0 54467 -54467 224143 -224143 DC REYES OF COMEDY NIGHT 94100 94100 1546 9171 37363 GOLF TOURNAMENT 62572 62572 1000 50430 7426 8745 46217 156672 156672 1000 50430 8972 17916 83580 161898 -161898 1 SCHOLARSHIPS 138 385446 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: SCHOLARSHIP APPLICATIONS ARE REVIEWED BY AN INDEPENDENT COMMITTEE OF REVIEWERS AND SCORES ARE GIVEN BASED ON A RIGOROUS EVALUATION CRITERIA. SCHOLARSHIPS ARE AWARDED BASED ON COMMITTEE SCORES, FINANCIAL NEED, AND DIVERSITY FACTORS. DETAILED RECORDS OF GRANTS AWARDED AND CHECKS ISSUED FOR GRANTS AWARDED ARE MAINTAINED BY THE PROGRAMS DEPARTMENT AND RECONCILED BY FINANCE STAFF. X X X 0 0 0 0 0 0 0 0 0 ESTER AGUILERA 171770 0 0 0 0 0 5100 0 20379 0 197249 0 0 0 A DISTRICT OF COLUMBIA 536001131 2010-09-29 1323987 TO REFINANCE THE MORTGAGE ONITS NATIONAL HEADQUARTERS OFFICE BUILDING 0 0 1 A 144169 1323987 23759 1300228 2010 0 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 0 1 1 PNC 15.000000000000 0 0 0 0 0 A 1 X AIRLINE VOUCHERS 414 178140 FMV X GOLF APPAREL 206 50430 FMV X FOODS FOR EVENT 5 36526 FMV 0 1 0 CHANGES IN PROGRAM SERVICES FORM 990, PART III, LINE 3 CHCI DISCONTINUED PUBLIC POLICY FORUMS IN 2012. FORM 990, PART VI, SECTION A, LINE 4 FOLLOWING ARE THE CHANGES THAT TOOK PLACE IN THE BYLAWS: FIRST, ARTICLE II: PURPOSE OF ORGANIZATION - WE CHANGED THE PURPOSE SECTION TO ADDRESS CONCERNS BY HOUSE ETHICS COMMITTEE THAT CHCI'S WORK OVERLAPPED WITH MEMBERS OF CONGRESS' OFFICIAL DUTIES. THE OLD PURPOSE SECTION DID NOT REFLECT THE CURRENT WORK AND MISSION OF THE ORGANIZATION. IT STATED THAT WE CONDUCTED BROAD RESEARCH. WE HAVE NOT FOCUSED ON RESEARCH IN ALMOST 30 YEARS. THE NEW LANGUAGE UPDATES THE PURPOSE STATEMENT TO REFLECT CHCI'S LONGSTANDING MISSION, VISION, AND PROGRAMMATIC WORK. IT NOW READS: "CHCI'S MISSION IS TO DEVELOP THE NEXT GENERATION OF LATINO LEADERS. IT DOES THIS BY OFFERING EDUCATIONAL AND LEADERSHIP DEVELOPMENT PROGRAMS, SERVICES AND ACTIVITIES THAT PROMOTE THE GROWTH OF PARTICIPANTS AS EFFECTIVE PROFESSIONALS AND STRONG LEADERS. CHCI ENVISIONS EDUCATED AND CIVIC-MINDED LATINO LEADERS ENGAGED IN AND CONTRIBUTING TO ALL ASPECTS OF U.S. SOCIETY." SECOND, ARTICLE IV: COMPOSITION AND SIZE OF BOARD - THE CHCI BOARD WOULD BE REDUCED FROM 70 MEMBERS TO 25 VOTING MEMBERS BY THE END OF 2012 AT THE LATEST. - TO ADDRESS THE CONCERN FROM HOUSE ETHICS THAT CHCI IS PERCEIVED AS "MEMBER-CONTROLLED," CONGRESSIONAL MEMBERS (NOW REFERRED TO AS GROUP A MEMBERS) REPRESENT NO MORE THAN 1/3 (8-9) OF THE TOTAL VOTING BOARD MEMBERSHIP. - "CLASS B PUBLIC" MEMBERSHIP CATEGORY WAS ELIMINATED. - ONLY TWO CLASSES OF MEMBERS REMAIN - GROUP A AND GROUP B, PLUS AN ALUMNI ASSOCIATION REPRESENTATIVE. -GROUP B MEMBERS SHALL COMPRISE AT LEAST 2/3 OF THE TOTAL MEMBERSHIP OF THE BOARD. THIRD, ARTICLE IV: TENURE AND TERM OF MEMBERS ON BOARD - GROUP A MEMBERS SERVE TWO (2) YEAR TERMS AND MAY BE APPOINTED TO AN ADDITIONAL CONSECUTIVE TERM - FOR A TOTAL OF 4 YEARS. - GROUP B MEMBERS SERVE TWO (2) YEAR TERMS AND MAY BE ELECTED TO TWO (2) ADDITIONAL CONSECUTIVE TERMS - FOR A TOTAL OF 6 YEARS. FOURTH, ARTICLE V: MEETINGS OF THE BOARD - TWO-THREE TIMES A YEAR, WITH DATES SET AND NOTICE GIVEN AT LEAST 30 DAYS IN ADVANCE. FIFTH, ARTICLE VI: OFFICERS - CHAIR, VICE CHAIR, TREASURER, SECRETARY AND PRESIDENT & CEO (NONVOTING) SIXTH, ARTICLE VII, SECTION 1: EXECUTIVE COMMITTEE - THE EXECUTIVE COMMITTEE SHALL HAVE AND MAY EXERCISE ALL THE RIGHTS, POWERS AND AUTHORITY OF THE BOARD OF DIRECTORS WHEN THEY ARE NOT IN SESSION, EXCEPT TO: A) CHANGE PURPOSE OF CORPORATION B) AMEND BYLAWS C) APPROVE ANNUAL BUDGET D) ELECT OR REMOVE DIRECTORS OR OFFICERS E) APPROVE STRATEGIC PLAN F) DISSOLVE, MERGE OR TRANSFER ASSETS OF THE CORPORATION - THE SIZE SHALL NOT EXCEED 9 VOTING MEMBERS (OFFICERS AND AT LEAST THREE (3) OTHERS) WITH CONGRESSIONAL MEMBERS COMPRISING NOT MORE THAN 1/3 OF THE VOTING MEMBERS ON COMMITTEE. - AGAIN, GIVEN A SMALLER AND EMPOWERED EXECUTIVE COMMITTEE, IT CAN MEET MORE REGULARLY WHILE THE BOARD MEETS TWO OR THREE (2-3) TIMES A YEAR. SEVENTH, ARTICLE VII, SECTION 4: CREATION OF ADVISORY BODY - THIS ADVISORY BODY SERVES AT THE DISCRETION OF CHCI'S BOARD AND ITS ROLE IS STRICTLY ADVISORY. - THE ADVISORY BODY WILL ASSIST THE BOARD IN FURTHERING THE MISSION OF THE CORPORATION, INCLUDING BY FUNDRAISING AS PERMITTED BY APPLICABLE LAWS AND ETHICS RULES. - MEMBERS OF CONGRESS CAN SERVE ON THE ADVISORY BODY FOR AS LONG AS THEY ARE IN ELECTED OFFICE. - MEMBERS OF CONGRESS ROTATE FROM ADVISORY BODY TO THE BOARD AND FROM THE BOARD ON TO THE ADVISORY BODY VIA STAGGERED TERMS. - MEMBERS OF THE ADVISORY BODY SERVE TWO (2) YEAR TERMS AND MAY BE APPOINTED TO TWO (2) ADDITIONAL CONSECUTIVE TERMS - FOR A TOTAL OF 6 YEARS. - THE BYLAWS DO NOT LIMIT THE SIZE OF THE ADVISORY BODY. AND EIGHTH, ARTICLE XI: INDEMNIFICATION - PROVIDES INDEMNIFICATION FOR MEMBERS OF THE BOARD AND ADVISORY BODY ADDRESSING LIABILITY ISSUE. DEREK LEON, CHCI LEGAL COUNSEL WITH MORGAN LEWIS HAS DRAFTED A LEGAL MEMO TO PROVIDE YOU MORE INFORMATION ON THE ISSUE OF LIABILITY FOR CHCI BOARD MEMBERS. FORM 990, PART VI, SECTION B, LINE 11 THE DRAFT 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY SENIOR MANAGEMENT. THE PRESIDENT & CEO SENT THE DRAFT TO THE FINANCE, AUDIT AND EXECUTIVE COMMITTEES FOR REVIEW. MEMBERS HAD TWO WEEKS TO REVIEW THE DOCUMENT AND SUBMIT ANY QUESTIONS FOR DISCUSSION OR SUGGESTIONS FOR MODIFICATION. A COPY OF THE FINAL 990 WAS PROVIDED TO EACH BOARD MEMBER BEFORE IT WAS FILED WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS MUST ANNUALLY COMPLETE A CONFLICT OF INTEREST QUESTIONNAIRE AND LIST ANY POTENTIAL CONFLICTS. ALONG WITH THE QUESTIONNAIRE, WE SUBMIT A LISTING OF THE MAJOR VENDORS THAT WE DO BUSINESS WITH FOR MEMBERS TO ASSESS ANY POTENTIAL CONFLICT. POTENTIAL CONFLICTS ARE REVIEWED WITH PRO-BONO LEGAL COUNSEL AND APPROPRIATE ACTION IS TAKEN TO ADDRESS THE CONFLICT. ALL STAFFS ARE REQUIRED TO SIGN AN ACKNOWLEDGMENT THAT THEY HAVE READ AND UNDERSTAND THE CONFLICT OF INTEREST POLICY. THEY ARE REQUIRED TO SIGN THE STATEMENT ANNUALLY AND DISCLOSE ANY POTENTIAL CONFLICT RELATIONSHIPS. FORM 990, PART VI, SECTION B, LINE 15A USING COMPETITIVE SALARY INFORMATION FROM SIMILARLY-SIZED NON-PROFIT ORGANIZATIONS, AN H.R. CONSULTANT PREPARES A RECOMMENDATION TO THE H.R. COMMITTEE FOR SETTING THE CEO'S SALARY. THE H.R. COMMITTEE SUBMITS A RECOMMENDATION TO THE EXECUTIVE COMMITTEE FOR ACTION. THERE IS DOCUMENTATION FOR BOTH THE PRESIDENT AND OTHER KEY EMPLOYEES. THE PRESIDENT/CEO'S COMPENSATION WAS LAST REVIEWED IN 2009, AND WILL BE REVIEWED AGAIN BY THE BOARD DURING THE EARLY MONTHS OF MARCH 2013. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: UNREALIZED LOSS ON INTEREST RATE SWAP -4,185.