Overview
What is United States Hispanic Chamber Of Commerce Educational Fund?
The United States Hispanic Chamber of Commerce Educational Fund is a nonprofit organization situated in Washington D.C., specifically at 750 17th Street NW 825. Its primary mission is to support Hispanic-owned businesses nationwide by providing educational programs. This includes educating, training, building capacity, conducting research, offering leadership development opportunities, expanding access to capital, and creating grant funding. In response to the challenges faced by Hispanic-owned restaurants during the pandemic, the Educational Fund collaborated with Grubhub to distribute small business grants, ranging from $5,000 to $10,000, based on financial need and the grant criteria set by Grubhub.
Official website here: www.ushcceducationalfund.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator, earning a Three-Star out of Four Star rating. This score reflects the organization’s good performance in accountability and finance, with a particularly strong program expense ratio of 93.41%, indicating efficient use of funds towards its mission.
The United States Hispanic Chamber Of Commerce Educational Fund benefits from a fully independent board, which enhances its governance. The organization has shown commitment to transparency by documenting board meeting minutes and maintaining a clear website presence. Furthermore, there are no reported issues with asset diversion or financial mismanagement.
However, the organization faces challenges in fundraising efficiency, with a ratio of $0.01, suggesting that its fundraising efforts may need improvement to maximize income. Overall, while the organization demonstrates strong financial practices and governance, enhancing its fundraising strategies could further bolster its impact.
This AI summary has been generated from information found on Charity Navigator.
Is United States Hispanic Chamber Of Commerce Educational Fund legitimate?
United States Hispanic Chamber Of Commerce Educational Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. United States Hispanic Chamber Of Commerce Educational Fund 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.ushcceducationalfund.org
What is the mission statement of United States Hispanic Chamber Of Commerce Educational Fund?
The United States Hispanic Chamber of Commerce Educational Fund's mission is centered around educating, training, and capacity building for Hispanic businesses across the nation. Their objectives include conducting research, providing leadership development opportunities, expanding access to capital, and offering grant funding. This is accomplished through a network of over 250 Hispanic Chambers of Commerce. The fund has also collaborated with Grubhub to offer small business grants to support Hispanic-owned restaurants nationwide, providing financial aid based on each business's specific needs.
Official website here: www.ushcceducationalfund.org
Who is the CEO of United States Hispanic Chamber Of Commerce Educational Fund?
Ramiro Cavazos is the President & Ceo of United States Hispanic Chamber Of Commerce Educational Fund. The CEO's salary of United States Hispanic Chamber Of Commerce Educational Fund is $0 and their total compensation is $466,276.
Official website here: www.ushcceducationalfund.org
What is the revenue of United States Hispanic Chamber Of Commerce Educational Fund?
United States Hispanic Chamber Of Commerce Educational Fund's revenue in 2022 was $3,186,023.
Official website here: www.ushcceducationalfund.org
Who are the executives of United States Hispanic Chamber Of Commerce Educational Fund and what are their salaries?
There 14 volunteers at United States Hispanic Chamber Of Commerce Educational Fund.
Here are 16 key members and their salaries (United States Hispanic Chamber Of Commerce Educational Fund's CEO's salary is $0 and their total compensation is $466,276):
- Compensation: $0
- Related: $460,000
- Other: $6,276
- Compensation: $0
- Related: $170,149
- Other: $21,477
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.ushcceducationalfund.org
Where can I find the form 990 for United States Hispanic Chamber Of Commerce Educational Fund?
United States Hispanic Chamber Of Commerce Educational Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.ushcceducationalfund.org
Learn more at the official website: www.ushcceducationalfund.org
Mission Statement of United States Hispanic Chamber Of Commerce Educational Fund
The United States Hispanic Chamber of Commerce Educational Fund is committed to furthering the education and development of Hispanic businesses across the nation. Their mission encompasses educating, training, building capacity, conducting research, offering leadership development opportunities, expanding access to capital, and providing grant funding for Hispanic businesses through a nationwide network of over 250 Hispanic Chambers of Commerce. The Fund aims to empower Hispanic entrepreneurs and businesses by providing them with the necessary resources and support to thrive.
In an effort to assist Hispanic-owned restaurants during the pandemic, the United States Hispanic Chamber of Commerce Educational Fund collaborated with Grubhub. Through this partnership, the Fund offered small business grants to Hispanic-owned restaurants nationwide. The grants ranged from $5,000 to $10,000 per business, based on financial need and the grant criteria set forth by Grubhub. This initiative highlighted the Fund's dedication to supporting Hispanic businesses in times of hardship and promoting their growth and success.
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Impact
July, 2024
The United States Hispanic Chamber Of Commerce Educational Fund's impact is significant in providing educational programs for Hispanic businesses across the US. One notable initiative is the Grubhub Restaurant Recovery Program, where the fund collaborated with Grubhub to offer small business grants to support Hispanic-owned restaurants nationwide. Grants ranged from $5,000 to $10,000 per business based on financial need and grant criteria established by Grubhub. The Educational Fund's mission is to educate, train, build capacity, conduct research, provide leadership development opportunities, expand access to capital, and create grant funding for Hispanic businesses through a national network of over 250 Hispanic Chambers of Commerce. This organization is dedicated to empowering Hispanic businesses and driving economic growth within the community.
This information is meant to be a general summary of United States Hispanic Chamber Of Commerce Educational Fund. 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: $4,061
- Gross Receipts: $3,186,023
Assets and Liabilities:
- Total Assets: $4,159,181
- Total Liabilities: $559,729
- Net Assets: $3,599,452
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Organization Details
Founding Year
2017
Phone
(202) 842-1212Principal Officer
Ramiro Cavazos
Main Address
750 17TH ST NW 825, WASHINGTON, DC, 20006
Website
www.ushcceducationalfund.orgNTEE Category
Code: B01 - Education
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