Overview
What is Hispanic-American Institute Inc?
Hispanic-American Institute Inc is a nonprofit organization situated in Rio Rancho, New Mexico (USA), specifically at 1660 15th Ave SE. Its primary mission is to foster social, educational, and economic development within Hispanic communities in the continental United States, Puerto Rico, and Latin America. The institute addresses pressing concerns affecting these communities, such as access to nutritious food, higher education, and economic opportunities. With a team of ten dedicated individuals, the Hispanic-American Institute Inc actively works towards addressing these issues and striving for the betterment of Hispanic communities both domestically and internationally.
Official website here: www.hainst.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 88% (Three-Star out of Four Star rating)
The Hispanic-American Institute Inc has achieved an 88% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score reflects the organization's commitment to transparency and effective financial management. The majority of their financial metrics, such as a high program expense ratio of 91.97%, suggest that they allocate a significant portion of their resources directly to their programs, which is a positive sign for donors looking for impact.
Strengths of the organization include a well-structured board with a full independent board size score and effective oversight mechanisms, evidenced by perfect scores in areas like audit and conflict of interest policies. The institute has demonstrated thorough documentation practices, including meeting minutes and compliance with document retention policies, which are essential for governance and accountability.
However, a notable limitation is the lack of independent board members, scoring zero out of eight points in that area. This could raise concerns about governance and the potential for conflicts of interest, as a diverse board can provide broader perspectives and better oversight. Despite this, the overall rating reflects a strong foundation in financial health and program effectiveness.
This AI summary has been generated from information found on Charity Navigator.
Is Hispanic-American Institute Inc legitimate?
Hispanic-American Institute Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic-American Institute Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $400,450
Professional Fundraising Fees: $0
Other Salaries and Wages: $245,154
For more financial information, click here
Official website here: www.hainst.org
What is the mission statement of Hispanic-American Institute Inc?
The Hispanic-American Institute Inc's mission is centered around promoting social education and economic development within Hispanic communities in the United States and Latin America. The organization addresses significant challenges facing these populations, namely access to nutritious food, higher education, and economic opportunities. Their goal is to enhance the lives of these communities by addressing these issues effectively. The institute is dedicated to advocating for and implementing solutions that foster social growth, educational advancement, and economic progress in Hispanic communities across the continental United States, Puerto Rico, and Latin America.
Official website here: www.hainst.org
Who is the CEO of Hispanic-American Institute Inc?
Bruce Young-Candelaria is the Director of Hispanic-American Institute Inc.
Official website here: www.hainst.org
What is the revenue of Hispanic-American Institute Inc?
Hispanic-American Institute Inc's revenue in 2022 was $1,892,123.
Official website here: www.hainst.org
Who are the executives of Hispanic-American Institute Inc and what are their salaries?
The average compensation at Hispanic-American Institute Inc during 2022 was $64,560. There are 10 employees and 50 volunteers at Hispanic-American Institute Inc.
Here are 10 key members and their salaries:
- Compensation: $132,500
- Related: $0
- Other: $8,158
- Compensation: $107,800
- Related: $0
- Other: $3,234
- Compensation: $96,750
- Related: $0
- Other: $0
- Compensation: $23,307
- Related: $0
- Other: $0
- Compensation: $19,300
- Related: $0
- Other: $0
- Compensation: $9,401
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.hainst.org
Where can I find the form 990 for Hispanic-American Institute Inc?
Hispanic-American Institute Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hainst.org
Learn more at the official website: www.hainst.org
Mission Statement of Hispanic-American Institute Inc
Hispanic-American Institute Inc is committed to promoting social education and economic development within Hispanic communities in the United States and Latin America. The organization identifies and addresses major issues impacting these populations, focusing on providing access to sound nutrition and wellness, higher education, and economic opportunities. By addressing these concerns, Hispanic-American Institute Inc aims to contribute to the overall development of Hispanic communities, ensuring a better quality of life for its members. The institute's mission is to foster growth and empowerment within the Hispanic community, addressing critical concerns that impact their daily lives and future prospects.
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Impact
July, 2024
Hispanic-American Institute Inc is making a significant impact by promoting social education and economic development within Hispanic communities in the United States and Latin America. The organization actively addresses major issues affecting these populations, such as access to sound nutrition and wellness, higher education, and economic opportunities. By focusing on these areas, Hispanic-American Institute Inc is helping to empower individuals and communities to create positive change and improve their overall well-being. Their dedication to promoting social, educational, and economic development is instrumental in fostering growth and resilience within Hispanic communities.
This information is meant to be a general summary of Hispanic-American Institute Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $6,000
- Gross Receipts: $1,892,123
Assets and Liabilities:
- Total Assets: $479,643
- Total Liabilities: $196,280
- Net Assets: $283,363
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICES-SVEDC
Revenue
$6,000
Organization Details
Founding Year
1997
Phone
(505) 385-8494Principal Officer
Bruce Young-Candelaria
Main Address
1660 15TH AVE SE, RIO RANCHO, NM, 87124
Website
www.hainst.orgNTEE Category
Code: P84 - Human services
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