Overview
What is Hispanic Metropolitan Chamber?
The Hispanic Metropolitan Chamber, established in 1996, is a dedicated nonprofit organization located in Portland, Oregon. Their primary focus is on fostering economic growth, wealth creation, and equity for the Hispanic community in Oregon and Southwest Washington. A significant part of their mission involves awarding scholarships, amounting to nearly $3 million, to Latinx students to encourage and support their pursuit of higher education. In 2022 alone, they awarded 54 scholarships. The Hispanic Metropolitan Chamber strives to bridge the economic equity gap for the Hispanic community, aiming to create intergenerational wealth.
Official website here: www.hmccoregon.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Star rating)
The Hispanic Metropolitan Chamber has received a 79% rating from Charity Navigator, indicating a solid performance in accountability and finance. This score is primarily derived from a comprehensive evaluation of its financial practices and governance. The high score reflects responsible management of resources, with a strong emphasis on accountability to stakeholders.
The Chamber demonstrates commendable governance practices, including having an independent board comprised entirely of 100% members, which boosts its credibility. Other strengths include no reported material diversion of assets and a robust program expense ratio of 90.67%, suggesting that the majority of funds are directed towards program services rather than administrative costs. The organization also maintains key policies regarding conflict of interest and whistleblower protections, which further enhances its accountability.
While the organization has a good overall score, there is still room for improvement in areas such as the liabilities to assets ratio, which is at 52.79%. This figure indicates that while the Chamber is managing its liabilities effectively, a lower ratio would suggest even greater financial health. Overall, the Hispanic Metropolitan Chamber shows strong financial stewardship and governance but could benefit from continued improvement in financial ratios.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Hispanic Metropolitan Chamber?
96% of 23 reviewers on Facebook recommend the Hispanic Metropolitan Chamber. Here’s a summary of their insights:
Many supporters highlight the valuable contributions that the chamber makes to the Hispanic community, particularly praising its commitment to fostering economic growth and providing a supportive network for local businesses. Reviewers appreciate the organization's initiatives, which they believe effectively empower members and help them navigate the challenges of entrepreneurship.
Overall, respondents express gratitude for the chamber's efforts, noting its positive impact on the community. The strong recommendation rate indicates that many feel the organization fulfills its mission and supports its members thoroughly.
This AI summary has been generated from reviews found on Facebook.
Is Hispanic Metropolitan Chamber legitimate?
Hispanic Metropolitan Chamber is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Metropolitan Chamber 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: $108,140
Professional Fundraising Fees: $0
Other Salaries and Wages: $519,792
For more financial information, click here
Official website here: www.hmccoregon.com
What is the mission statement of Hispanic Metropolitan Chamber?
The Hispanic Metropolitan Chamber's mission is centered around fostering economic advancement, wealth creation, and equity for the Latinx community. Their vision is to bridge the economic equality gap and establish intergenerational wealth for Latinx individuals. Since its establishment in 1996, the chamber has been awarding scholarships, both individually and corporately sponsored, to Latinx students in Oregon and Southwest Washington. The purpose of these scholarships is to motivate and inspire Latinx students to pursue or continue their higher education. In 2022, a total of 54 scholarships were granted.
Official website here: www.hmccoregon.com
Who is the CEO of Hispanic Metropolitan Chamber?
Gale Castillo is the Chair of Hispanic Metropolitan Chamber.
Official website here: www.hmccoregon.com
What is the revenue of Hispanic Metropolitan Chamber?
Hispanic Metropolitan Chamber's revenue in 2022 was $1,186,727.
Official website here: www.hmccoregon.com
Who are the executives of Hispanic Metropolitan Chamber and what are their salaries?
The average compensation at Hispanic Metropolitan Chamber during 2022 was $44,852. There are 14 employees and 10 volunteers at Hispanic Metropolitan Chamber.
Here are 17 key members and their salaries:
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- 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
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $108,140
- Related: $0
- Other: $0
Official website here: www.hmccoregon.com
Where can I find the form 990 for Hispanic Metropolitan Chamber?
Hispanic Metropolitan Chamber's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.hmccoregon.com
Learn more at the official website: www.hmccoregon.com
Mission Statement of Hispanic Metropolitan Chamber
The Hispanic Metropolitan Chamber (HMC) is committed to driving the economic advancement, wealth creation, and equality for Latinos. With a vision of bridging the Latino economic equity gap and fostering intergenerational wealth, HMC has been actively working towards this mission since its inception in 1996. One of the key ways HMC achieves this is by awarding scholarships to Latino students. These scholarships, sponsored individually and corporately, encourages and motivates Latino students to pursue or continue their higher education. In 2022 alone, 54 scholarships were granted by HMC, demonstrating its unwavering support for the education and future success of the Latino community.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
The Hispanic Metropolitan Chamber's impact can be seen in its significant contribution to the economic advancement, wealth creation, and equity for Latinos in Oregon and Southwest Washington. Since 1996, the Chamber has awarded nearly $3 million in individually and corporate-sponsored scholarships to Latino students in the region. These scholarships play a crucial role in encouraging and inspiring Latino students to pursue higher education, thereby empowering them to reach their full potential.
In 2022 alone, the Hispanic Chamber awarded a total of 54 scholarships, underscoring its commitment to supporting the academic aspirations of Latino youth. By investing in education, the Chamber is not only nurturing individual talent but also contributing to the overall development of the Latino community. Through its efforts, the Chamber aims to close the Latino economic equity gap and create intergenerational wealth, envisioning a future where Latinos can thrive and succeed in the economic landscape of the region.
This information is meant to be a general summary of Hispanic Metropolitan Chamber. 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: $61
- Program Service Revenue: $25,000
- Gross Receipts: $1,320,985
Assets and Liabilities:
- Total Assets: $892,354
- Total Liabilities: $158,384
- Net Assets: $733,970
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LEADERSHIP DEVELOPMENT
Revenue
$25,000
Organization Details
Founding Year
1994
Phone
(503) 222-0280Principal Officer
Gale Castillo
Main Address
PO BOX 1837, PORTLAND, OR, 97207
Website
www.hmccoregon.comNTEE Category
Code: S20 - Community improvement
If you are a representative of Hispanic Metropolitan Chamber and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.