Overview
What is Hispanic Chamber Of Commerce Of Wisconsin Inc?
The Hispanic Chamber of Commerce of Wisconsin Inc is a nonprofit organization committed to fostering the growth of Hispanic-owned businesses and promoting small enterprises in general. Based in the Milwaukee area, they prioritize low-income individuals and others, working towards the creation, expansion, and diversification of Hispanic businesses through strategic development efforts. Their mission extends beyond business growth, encompassing advocacy and education to promote these enterprises effectively. They accomplish this through various means, including networking events and initiatives aimed at promoting the overall well-being and visibility of the Hispanic small business community.
Official website here: www.hccw.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Stars, Needs Improvement (69%)
The Hispanic Chamber of Commerce of Wisconsin Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and finance practices. The organization scored 69% overall, primarily based on a single beacon score that emphasizes the importance of transparency and sound financial practices.
Strengths of the organization include a fully independent board, with all members meeting the criteria for independence. Additionally, it demonstrates strong financial management with a program expense ratio of 77.31%, indicating a focus on its mission-related programs. The organization also maintains a solid liabilities to assets ratio, which suggests a stable financial position.
However, significant limitations were noted in the absence of key governance policies, including a conflict of interest policy, a whistleblower policy, and a document retention and destruction policy. These missing elements may affect stakeholder trust and highlight areas where the organization can improve its accountability practices.
This AI summary has been generated from information found on Charity Navigator.
Is Hispanic Chamber Of Commerce Of Wisconsin Inc legitimate?
Hispanic Chamber Of Commerce Of Wisconsin Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Chamber Of Commerce Of Wisconsin 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: $36,574
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.hccw.org
What is the mission statement of Hispanic Chamber Of Commerce Of Wisconsin Inc?
The Hispanic Chamber of Commerce of Wisconsin Inc has a mission to support the growth and development of Hispanic-owned businesses and other small enterprises. They accomplish this through various means, including education, advocacy, and networking. The organization's primary focus is on assisting low to moderate income individuals in creating, expanding, and diversifying their businesses. Furthermore, they actively advocate for the promotion of small businesses within their community, primarily in the Milwaukee area. The Hispanic Chamber of Commerce of Wisconsin Inc incurs expenses to propagate the Hispanic small business sector.
Official website here: www.hccw.org
Who is the CEO of Hispanic Chamber Of Commerce Of Wisconsin Inc?
Frank Becerra is the Treasurer of Hispanic Chamber Of Commerce Of Wisconsin Inc. The CEO's salary of Hispanic Chamber Of Commerce Of Wisconsin Inc is $0 and their total compensation is $0.
Official website here: www.hccw.org
What is the revenue of Hispanic Chamber Of Commerce Of Wisconsin Inc?
Hispanic Chamber Of Commerce Of Wisconsin Inc's revenue in 2022 was $535,694.
Official website here: www.hccw.org
Who are the executives of Hispanic Chamber Of Commerce Of Wisconsin Inc and what are their salaries?
The average compensation at Hispanic Chamber Of Commerce Of Wisconsin Inc during 2022 was $9,144. There are 4 employees and 700 volunteers at Hispanic Chamber Of Commerce Of Wisconsin Inc.
Here are 7 key members and their salaries (Hispanic Chamber Of Commerce Of Wisconsin Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.hccw.org
Where can I find the form 990 for Hispanic Chamber Of Commerce Of Wisconsin Inc?
Hispanic Chamber Of Commerce Of Wisconsin Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hccw.org
Learn more at the official website: www.hccw.org
Mission Statement of Hispanic Chamber Of Commerce Of Wisconsin Inc
The Hispanic Chamber of Commerce of Wisconsin Inc is dedicated to championing and fostering the growth of Hispanic and various small businesses. Their primary mission lies in supporting low to moderate income individuals and promoting the establishment, expansion, and diversification of Hispanic-owned businesses within their community. They achieve this goal through a multifaceted approach that emphasizes business development. This includes advocating for these businesses and providing them with essential education and networking opportunities. By incurring expenses towards the promotion of the Hispanic small business community in the Milwaukee area, the Hispanic Chamber of Commerce of Wisconsin Inc plays a significant role in fostering an environment that nurtures and encourages the success of these businesses.
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Impact
July, 2024
The Hispanic Chamber Of Commerce Of Wisconsin Inc plays a crucial role in advocating and promoting the business development of Hispanic and other small businesses in Milwaukee, WI. By providing education, advocacy, and networking opportunities, the Chamber contributes to the creation, expansion, and diversification of Hispanic-owned businesses. This directly impacts the local community by stimulating economic growth, fostering entrepreneurship, and promoting diversity within the business sector. Through its mission to support small businesses, the Chamber plays a key role in the overall improvement of the community and the empowerment of underrepresented groups in the business world.
This information is meant to be a general summary of Hispanic Chamber Of Commerce Of Wisconsin 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.
- Investment Income: $552
- Gross Receipts: $535,694
Assets and Liabilities:
- Total Assets: $3,179,183
- Total Liabilities: $781,163
- Net Assets: $2,398,020
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CORPORATE MEMBERS
Organization Details
Founding Year
1971
Phone
(414) 643-6963Principal Officer
Frank Becerra
Main Address
1021 West National Avenue, Milwaukee, WI, 53204
Website
www.hccw.orgNTEE Category
Code: S41 - Community improvement
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