Overview
What is Greater Philadelphia Hispanic Chamber Of Commerce?
The Greater Philadelphia Hispanic Chamber of Commerce is a nonprofit organization situated in Philadelphia, Pennsylvania, specifically at 141 E Hunting Park Ave. Their primary mission is to foster business development and retention among Hispanic entrepreneurs and professionals. By providing essential resources, they aid individuals in launching new businesses and help existing ones grow more successfully. The chamber actively works towards promoting and advocating for Hispanic businesses, contributing to their overall growth and recognition in the greater Philadelphia area. With a team of six dedicated professionals, they strive to make a significant impact on the local business landscape.
Official website here: www.philahispanicchamber.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 71% (Two-Star out of Four Star rating)
The Greater Philadelphia Hispanic Chamber Of Commerce has received a Two-Star rating from Charity Navigator, indicating a moderate level of performance in accountability and finance. The organization scored well in several areas, including having a majority of independent board members and maintaining a strong conflict of interest and whistleblower policy. These factors contribute positively to the organization's governance and transparency efforts.
However, the chamber's Program Expense Ratio of 64.81% suggests that a significant portion of its expenses goes towards programs, which is generally viewed favorably. Despite this, there is room for improvement, particularly in the overall accountability and financial health aspects, as indicated by the 71% score. The organization is encouraged to focus on enhancing its financial metrics to bolster its effectiveness and support for the Hispanic community in the Greater Philadelphia area.
Overall, while the Greater Philadelphia Hispanic Chamber Of Commerce demonstrates solid governance practices, its financial performance could be improved to better serve its mission. Stakeholders and potential donors may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Philadelphia Hispanic Chamber Of Commerce legitimate?
Greater Philadelphia Hispanic Chamber Of Commerce is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Philadelphia Hispanic Chamber Of Commerce 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: $167,926
Professional Fundraising Fees: $0
Other Salaries and Wages: $174,783
For more financial information, click here
Official website here: www.philahispanicchamber.org
What is the mission statement of Greater Philadelphia Hispanic Chamber Of Commerce?
The Greater Philadelphia Hispanic Chamber of Commerce is committed to promoting and advocating for Hispanic businesses and professionals. Their mission is centered around fostering business development and retention. They accomplish this by providing resources that enable individuals to successfully start new businesses and grow existing ones more effectively. The organization's activities are geared towards supporting the Hispanic business community, aiming to create a thriving and inclusive business environment.
Official website here: www.philahispanicchamber.org
Who is the CEO of Greater Philadelphia Hispanic Chamber Of Commerce?
Nestor Torres is the Member of Greater Philadelphia Hispanic Chamber Of Commerce. The CEO's salary of Greater Philadelphia Hispanic Chamber Of Commerce is $165,913 and their total compensation is $165,913.
Official website here: www.philahispanicchamber.org
What is the revenue of Greater Philadelphia Hispanic Chamber Of Commerce?
Greater Philadelphia Hispanic Chamber Of Commerce's revenue in 2022 was $1,051,305.
Official website here: www.philahispanicchamber.org
Who are the executives of Greater Philadelphia Hispanic Chamber Of Commerce and what are their salaries?
The average compensation at Greater Philadelphia Hispanic Chamber Of Commerce during 2022 was $57,118. There are 6 employees at Greater Philadelphia Hispanic Chamber Of Commerce.
Here are 14 key members and their salaries (Greater Philadelphia Hispanic Chamber Of Commerce's CEO's salary is $165,913 and their total compensation is $165,913):
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- Compensation: $165,913
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Official website here: www.philahispanicchamber.org
Where can I find the form 990 for Greater Philadelphia Hispanic Chamber Of Commerce?
Greater Philadelphia Hispanic Chamber Of Commerce's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.philahispanicchamber.org
Learn more at the official website: www.philahispanicchamber.org
Mission Statement of Greater Philadelphia Hispanic Chamber Of Commerce
The Greater Philadelphia Hispanic Chamber of Commerce is committed to fostering the growth and success of Hispanic businesses and professionals. Their mission is twofold: development and promotion. They strive to develop Hispanic businesses by providing resources that empower individuals to establish new ventures and expand existing ones more effectively. This encompasses advocacy as well, as they work tirelessly to champion the interests of Hispanic businesses in the broader business community. By doing so, the Greater Philadelphia Hispanic Chamber of Commerce plays a crucial role in fostering a thriving and inclusive business environment for Hispanic entrepreneurs and professionals.
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Impact
October, 2024
The Greater Philadelphia Hispanic Chamber of Commerce plays a vital role in fostering business development and retention within the Hispanic community. By providing essential resources, it empowers individuals to launch new businesses and successfully grow existing ones. Through advocacy and support, the Chamber promotes Hispanic entrepreneurs and professionals, helping to create a vibrant economic landscape in Philadelphia and beyond. Its commitment to developing and promoting Hispanic business culture not only enhances local economies but also contributes to a more diverse and inclusive business environment.
This information is meant to be a general summary of Greater Philadelphia Hispanic Chamber Of Commerce. 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: $245,807
- Gross Receipts: $1,069,650
Assets and Liabilities:
- Total Assets: $948,046
- Total Liabilities: $102,126
- Net Assets: $845,920
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENTS
Revenue
$159,705
MEMBERSHIP DUES
Revenue
$86,002
SCHOLARSHIP FUND
Revenue
$100
Organization Details
Founding Year
1990
Phone
(215) 845-5456Principal Officer
Nestor Torres
Main Address
141 E HUNTING PARK AVE, PHILADELPHIA, PA, 19124
Website
www.philahispanicchamber.orgNTEE Category
Code: Z99Z - Unknown
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