Overview
What is Greater Wash Hispanic Ch Of Comm Foundation?
Greater Wash Hispanic Ch Of Comm Foundation, based in Washington, D.C., is a nonprofit organization dedicated to boosting the economic development and wealth-building capacity of low-income Hispanic and other minority populations in the area. They accomplish this by offering assistance to residents of the Latino District in opening businesses and providing technical support to existing business owners aiming to enhance their operations. The foundation's mission is to champion the success of Hispanic and minority-owned businesses and the communities they serve through networking, outreach, and education.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 94%, Four-Star out of Four Stars
The Greater Washington Hispanic Chamber of Commerce Foundation has achieved a notable Four-Star rating from Charity Navigator, indicating a strong commitment to accountability and financial health. The foundation’s score is based entirely on its excellent performance in accountability and finance, showcasing a well-managed organization that prioritizes transparency.
The foundation demonstrates a robust governance structure with 100% of its board members being independent. It has established comprehensive policies including conflict of interest and whistleblower policies, which further enhance its accountability. Additionally, the organization's financial practices are sound, with no reported material diversions of assets and an impressive program expense ratio of 83.44%, reflecting its dedication to effective program delivery.
Despite the strong performance in accountability and finance, there is no specific information available regarding the impact of the foundation's programs or community feedback. While the financial health looks promising, potential donors and stakeholders may wish to seek additional insights into the foundation’s programmatic effectiveness and community engagement efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Wash Hispanic Ch Of Comm Foundation legitimate?
Greater Wash Hispanic Ch Of Comm Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Wash Hispanic Ch Of Comm Foundation 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: $348,990
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Greater Wash Hispanic Ch Of Comm Foundation?
The Greater Wash Hispanic Ch Of Comm Foundation's mission is centered around promoting the success of Hispanic and other minority-owned businesses and the communities they serve. This is achieved through various means, including networking, outreach, and education. The foundation's activities are geared towards improving the economic development and wealth-building capacity of low-income Hispanic and other minority populations. One of their programs, the Small Business Assistance Program (OLA), assists residents in opening businesses and provides technical assistance to existing business owners to improve their operations.
Who is the CEO of Greater Wash Hispanic Ch Of Comm Foundation?
Nicole Quiroga is the President & Ceo of Greater Wash Hispanic Ch Of Comm Foundation. The CEO's salary of Greater Wash Hispanic Ch Of Comm Foundation is $0 and their total compensation is $225,000.
What is the revenue of Greater Wash Hispanic Ch Of Comm Foundation?
Greater Wash Hispanic Ch Of Comm Foundation's revenue in 2022 was $773,050.
Who are the executives of Greater Wash Hispanic Ch Of Comm Foundation and what are their salaries?
There 5 volunteers at Greater Wash Hispanic Ch Of Comm Foundation.
Here are 5 key members and their salaries (Greater Wash Hispanic Ch Of Comm Foundation's CEO's salary is $0 and their total compensation is $225,000):
- Compensation: $0
- Related: $225,000
- 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
Where can I find the form 990 for Greater Wash Hispanic Ch Of Comm Foundation?
Greater Wash Hispanic Ch Of Comm Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Greater Wash Hispanic Ch Of Comm Foundation
The Greater Wash Hispanic Community Foundation is dedicated to promoting the success of Hispanic and other minority-owned businesses and the communities they serve. They accomplish this through various means, including networking, outreach, and education. The organization's primary mission is to improve the economic development and wealth-building capacity of low-income Hispanic and minority populations in Washington, D.C. They achieve this goal by assisting local residents in opening businesses and providing technical assistance to existing business owners who wish to enhance their operations. This Small Business Assistance Program, known as OLA, is instrumental in fostering the growth and sustainability of minority-owned businesses, thereby contributing positively to the overall community.
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Impact
July, 2024
The Greater Washington Hispanic Chamber of Commerce Foundation has a significant impact on the Hispanic and other minority-owned businesses and communities they serve in Washington, DC. Through their Small Business Assistance Program (OLA), the foundation works to improve economic development and wealth-building capacities of low-income Hispanic and other minority populations in the region. This is achieved by assisting Latino district residents in opening businesses and providing technical assistance to existing business owners looking to enhance their operations. Overall, the foundation's work promotes the success of minority-owned businesses and contributes to the economic growth and vitality of the communities they serve through networking, outreach, and education.
This information is meant to be a general summary of Greater Wash Hispanic Ch Of Comm Foundation. 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.
- Gross Receipts: $773,050
Assets and Liabilities:
- Total Assets: $153,363
- Total Liabilities: $6,243
- Net Assets: $147,120
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Organization Details
Founding Year
2002
Phone
(202) 728-0352Principal Officer
Nicole Quiroga
Main Address
800 CONNECTICUT AVE, WASHINGTON, DC, 20006
NTEE Category
Code: T30 - Philanthropy
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