2024-09-21T08:18:46-05:00 2023-12-31 521392008 GELMAN ROSENBERG & FREEDMAN 4550 MONTGOMERY AVE SUITE 800N BETHESDA MD 208142930 990 2023-01-01 850356947 HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY HISP 2028381042 1220 L STREET NW 701 WASHINGTON DC 20005 CID D WILSON PRESIDENT/CEO 2028381042 2024-09-21 1 0 ELIZABETH W HELLER P00397829 3019519090 2023 2024-08-08 14:25:15Z CID D WILSON 1220 L STREET NW 701 WASHINGTON DC 20005 5899373 0 X WWW.HACR.ORG X 1986 DC SEE PART III, LINE 1. 14 14 18 14 0 0 80158 10074 4449156 5309357 115497 157457 38468 21482 4683279 5498370 0 0 0 0 1833502 2177398 0 0 0 3725575 3561425 5559077 5738823 -875798 -240453 6693885 5961552 3477270 2832698 3216615 3128854 X TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS. 0 0 2293097 2212394 SYMPOSIUM AND CONFERENCES HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR DISCUSSIONS ABOUT POLICIES, PRACTICES AND TRENDS AFFECTING THE ADVANCEMENT OF HISPANIC INCLUSION IN CORPORATE AMERICA. CONFERENCE PARTICIPANTS, REPRESENTING THE MOST RESPECTED AND RECOGNIZED FORTUNE 500 COMPANIES, CONVENE FOR THE COMMON PURPOSE OF PROMOTING BEST PRACTICES, ADDRESSING CORPORATE SOCIAL RESPONSIBILITY AS IT RELATES TO HISPANIC INCLUSION IN THEIR RESPECTIVE ORGANIZATIONS, AND EXPLORING THE PRESENT AND FUTURE ROLES OF HISPANICS AS CORPORATE AND COMMUNITY LEADERS. HACR'S 2023 SYMPOSIUM WAS HOSTED IN NEW YORK, NY ON OCT. 9-11 FOR A HYBRID (IN-PERSON AND VIRTUAL) AUDIENCE. 2063188 413963 LEADERSHIP & EDUCATIONHACR'S LATINA EMPOW(H)ER SUMMIT ("LES") CONVENES LATINA EXECUTIVES FROM FORTUNE 500 COMPANIES FOR A UNIQUE OPPORTUNITY TO DEVELOP THEIR LEADERSHIP AND MANAGERIAL SKILLS THROUGH A SERIES OF CURATED WORKSHOPS AND DISCUSSIONS. CONTENT IS DESIGNED WITH AN INTERSECTIONAL LENS, AIMING TO GIVE VISIBILITY TO THE UNIQUE AND SHARED EXPERIENCES WITHIN LEADERSHIP POSITIONS FOR INDIVIDUALS WHO IDENTIFY AS FEMALE AND LATINA. ATTENDEES ARE ALSO ENCOURAGED TO EXPLORE SELF-CARE PRIORITIES THROUGH WELLNESS-FOCUSED ACTIVITIES. HACR'S 2023 LES WAS HOSTED IN SCOTTSDALE, AZ ON MARCH 6-8 FOR AN IN-PERSON AUDIENCE.HACR'S EXECUTIVE PROGRAMS ("EP") - EP IS AN EDUCATIONAL OFFERING COMBINING HACR'S CORPORATE EXECUTIVE FORUM AND CORPORATE DIRECTORS FORUM CONFERENCES. THE CONSOLIDATION OF THESE TWO CONFERENCES WAS A PROGRAMMATIC READJUSTMENT RESPONDING TO THE 2020 GLOBAL PANDEMIC. THE REDESIGNED CONVENING OFFERS EDUCATIONAL LEADERSHIP DEVELOPMENT SESSIONS PRESENTED BY CEOS, CORPORATE BOARD DIRECTORS, DIVERSITY AND INCLUSION PROFESSIONALS, AND HISPANIC EXECUTIVES. THEY SHARE THEIR OWN EXPERIENCES WORKING IN CORPORATE AMERICA, REVEAL HOW ONE CAN POSITION ONESELF FOR SUCCESS, AND DISCUSS BEST PRACTICES RELATED TO HISPANIC INCLUSION AND EXECUTIVE LEADERSHIP. HACR'S 2023 EP WAS HOSTED IN SAN FRANSICO, CA ON JUNE 14-16 FOR AN IN-PERSON AUDIENCE.THE HACR LEADERSHIP PIPELINE PROGRAM ("LPP") WAS CREATED TO PROVIDE FORTUNE 500 COMPANIES A FORUM TO DEVELOP MID AND UPPER-LEVEL HISPANIC EXECUTIVES. THIS PROGRAM EXPANDS OPPORTUNITIES FOR HIGH-POTENTIAL TALENT TO NETWORK AND DEVELOP LEADERSHIP AND MANAGERIAL SKILLS TO TAKE THEM TO THE NEXT LEVEL AND POSITIVELY IMPACT THEIR RESPECTIVE COMPANIES. HACR'S 2023 LPP WAS HOSTED IN NEW ORLEANS, LA ON OCTOBER 23-25 FOR A HYBRID (IN-PERSON AND VIRTUAL) AUDIENCE.THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS PROGRAM ("YHCA") RECOGNIZES YOUNG EXECUTIVES IN CORPORATE AMERICA WHO HAVE SHOWN LEADERSHIP QUALITIES AT THEIR RESPECTIVE COMPANIES ALONG WITH A PROVEN COMMITMENT TO THE HISPANIC COMMUNITY. YHCA IS A NOMINATION-BASED PROGRAM FOR YOUNG PROFESSIONALS WHO IDENTIFY AS HISPANIC, BETWEEN THE AGES OF 25 AND 40, AND WORKING FOR FORTUNE 500 AND/OR HACR CORPORATE MEMBER COMPANIES. PARTICIPANTS COMPLETE AN INTENSIVE, TWO-MONTH LEADERSHIP DEVELOPMENT, EDUCATION, AND TRAINING CURRICULUM WITH VIRTUAL AND IN-PERSON COMPONENTS. THE 2023 HACR YHCA COHORT WAS HOSTED FROM MARCH 2023 TO JUNE 2023.HACR'S ADVANCING LATINO LEADERSHIP ("ALL") PROGRAM IS A CUSTOM DESIGNED OFFERING THAT DELIVERS A CAREER ADVANCEMENT EXPERIENCE FOCUSED ON THE LEADERSHIP CAPABILITIES, KNOWLEDGE, TOOLS, RESOURCES, MINDSET AND THE SKILLS NEEDED TO ADVANCE AT A SPECIFIC COMPANY. IT ALSO ALIGNS CONTENT AND CURRICULUM WITH THE DIVERSITY, EQUITY AND INCLUSION GOALS AND OBJECTIVES OF THE COMPANY. THE PROGRAM IS DESIGNED TO SPOTLIGHT LEADERSHIP EXPERIENCES AND PERSPECTIVES OF EXECUTIVES WHO IDENTIFY AS HISPANIC, AND USES DATA, TRENDS AND EXAMPLES OF LEADERSHIP BEST PRACTICES THROUGH AN AFFINITY-BASED LENS. THIS PROGRAM IS OFFERED ON-DEMAND, PRIMARILY THROUGH VIRTUAL CONTENT DELIVERY, THROUGHOUT THE YEAR.HACR'S LEARNING AND DEVELOPMENT OFFERINGS, LAUNCHED IN 2021, FOCUS ON CREATING EDUCATIONAL AND AFFINITY-BASED INTERACTIVE WORKSHOPS FOR CORPORATE LEADERSHIP TEAMS AND INDIVIDUAL EMPLOYEES CENTERED AROUND DIVERSITY, EQUITY, AND INCLUSION IN THE WORKPLACE. ALL CONTENT ADDRESSES THE LATINX EXPERIENCE OR CONTEXT FOR THE TOPIC ADDRESSED. 271042 2683000 MEMBERSHIPIN 2023 HACR HAD APPROXIMATELY 102 CORPORATE MEMBERS. THERE WERE THREE CLASSIFICATIONS OF MEMBERSHIP: VANGUARDIA MEMBER WITH ANNUAL DUES OF $50,000. GENERATIONS MEMBER WITH ANNUAL DUES OF $25,000, AND ASSOCIATE MEMBER WITH ANNUAL DUES OF $15,000. HACR PROVIDES A PLATFORM FOR ITS MEMBERS TO DISCUSS AND IDENTIFY EFFECTIVE STRATEGIES, MODELS, TOOLS AND DATA FOR ACHIEVING GREATER INCLUSION AND PARTICIPATION OF HISPANICS IN THE AREAS OF EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE. ANTHROPY, AND GOVERNANCE. 151492 OTHER PROGRAM SERVICES THE HACR INCLUSIN GALA LAUNCHED IN 2023. IT IS AN EVENT INTENDED TO HONOR OUTSTANDING INDIVIDUALS AND COMPANIES WHO HAVE DEMONSTRATED EXCELLENCE IN PROMOTING THE POWER OF HISPANIC INCLUSION IN CORPORATE AMERICA THROUGH THEIR SUSTAINED DEDICATION. IN 2023, HACR NAMED HONOREES IN THE FOLLOWING CATEGORIES: DIRECTOR OF THE YEAR, INCLUSIN CHAMPION OF THE YEAR, EXECUTIVE OF THE YEAR, AND CORPORATION OF THE YEAR. THE INAUGURAL HACR INCLUSIN GALA TOOK PLACE ON OCT. 11, 2023, IN NEW, YORK, NY WITH AN IN-PERSON AUDIENCE.HACR CONDUCTS AND PUBLISHES INDEPENDENT RESEARCH ON ISSUES IMPACTING THE HISPANIC COMMUNITY IN THE UNITED STATES AND PUERTO RICO. IT'S HACR CORPORATE INCLUSION INDEX ("CII") IS ITS LONGEST STANDING RESEARCH STUDY MEASURING TRENDS AND CHANGES IN HISPANIC INCLUSION IN FORTUNE 500 COMPANIES. THE STUDY'S RESULTS ARE PUBLISHED ANNUALLY IN THE CII REPORT, WHICH FEATURES THE FINDINGS OF HISPANIC INCLUSION ACROSS CORPORATE AMERICA. THE SURVEY RESULTS ARE A CRUCIAL PART OF HACR'S ACCOUNTABILITY STRATEGY, ALLOWING FOR THE EVALUATION OF CORPORATIONS' PRACTICES IN FOUR AREAS OF SOCIAL AND ECONOMIC RECIPROCITY: EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE. HACR MAY ALSO CONDUCT RESEARCH ON A VARIETY OF OTHER TOPICS DEEMED APPROPRIATE AND RELEVANT TO UNDERSTANDING THAT STATE OF HISPANIC INCLUSION IN CORPORATE AMERICA. 151492 4778819 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 22 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 0 X 14 14 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CID WILSON 2028381042 1220 L STREET NW 701 WASHINGTON DC 20005 RAMIRO CAVAZOS BOARD CHAIR 1.00 X X 0 0 0 THOMAS SAVINO VICE CHAIR 1.00 X X 0 0 0 DELIA DE LA VARA TREASURER 1.00 X X 0 0 0 MARCO DAVIS SECRETARY 1.00 X X 0 0 0 JOHN VILLAMIL-CASANOVA MEMBER 1.00 X 0 0 0 AMY HINOJOSA MEMBER 1.00 X 0 0 0 MARY ANNE GOMEZ ORTA MEMBER 1.00 X 0 0 0 LUIS VASQUEZ CONTES MEMBER, UNTIL JULY 27, 2023 1.00 X 0 0 0 JUAN ANDRADE MEMBER 1.00 X 0 0 0 ANTONIO FLORES MEMBER 1.00 X 0 0 0 IGNACIO SALAZAR MEMBER 1.00 X 0 0 0 CHRIS WILKIE MEMBER, UNTIL FEB 16, 2023 1.00 X 0 0 0 ROGER ROCHA JR MEMBER 1.00 X 0 0 0 GABRIELA MUSIET MEMBER 1.00 X 0 0 0 MIGUEL ALEMANY MEMBER, FROM FEB 17, 2023 1.00 X 0 0 0 DAVID RODRIGUEZ MEMBER, FROM JULY 28,2023 1.00 X 0 0 0 CID WILSON PRESIDENT AND CEO 40.00 X 264881 0 25583 SYLVIA PEREZ CASH EVP & CHIEF OPERATING OFFICER 40.00 X 209798 0 797 LISETTE GARCIA CHIEF RESEARCH OFFICER 40.00 X 159188 0 16734 YAINDHY VARGAS VP, STRATEGIC INITIATIVES 40.00 X 149918 0 18919 VANESSA BOWLING AJAVON VP, EXECUTIVE PROGRAMS 40.00 X 148365 0 3806 932150 0 65839 5 0 1 0 0 10074 10074 MEMBERSHIP DUES 900099 2683000 2683000 CONFERENCE 900099 2212394 2212394 PRESENTATION AND TRAIN 900099 413963 413963 5309357 81263 81263 10348 0 10348 10348 10348 477197 401003 76194 76194 76194 MISCELLANEOUS INCOME 900099 7277 7277 C.C. PROCESSING FEES 900099 3857 3857 11134 5498370 5309357 0 178939 501059 266503 234556 1178095 1053664 124431 43208 35176 8032 312822 247932 64890 142214 112033 30181 29793 15948 13845 150364 80490 69874 30272 30272 164146 116576 47570 70113 66035 4078 131043 91876 39167 1563 1232 331 206355 162562 43793 576692 479133 97559 1839932 1809574 30358 275 217 58 54687 43079 11608 18410 18410 DUES & SUBSCRIPTIONS 157742 123082 34660 PAYROLL FEES 51604 27624 23980 MISCELLANEOUS 46732 36816 9916 BAD DEBT 19939 19939 11763 9267 2496 5738823 4778819 960004 0 1013238 658950 554908 509375 20000 10000 798810 429394 195467 435477 461600 189793 324795 271807 1988379 2030911 271670 254548 1526618 1361090 6693885 5961552 595180 420610 881568 618880 2000522 1793208 3477270 2832698 X 1709322 1798578 1507293 1330276 3216615 3128854 6693885 5961552 -240453 152692 0 X 0 1 X 1 0 X 139398 170452 16594 80158 10074 416676 2781529 2904136 3792913 4449156 5309357 19237091 2920927 3074588 3809507 4529314 5319431 19653767 0 472978 665310 211493 1244108 1249054 3842943 472978 665310 211493 1244108 1249054 3842943 15810824 100539 105980 89599 78082 91611 465811 100539 105980 89599 78082 91611 465811 12197 3927 10474 23775 11134 61507 3033663 3184495 3909580 4631171 5422176 20181085 0.78340 0.82020 0.02310 0.02740 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1507293 139870 300000 16887 1330276 1612430 -88370 16767 1507293 1394137 218293 1612430 1297256 96881 1394137 1137061 160195 1297256 0.00000 0.87952 0.12048 0 0 330400 78946 251454 52742 40282 12460 78458 70565 7893 271807 SECURITY DEPOSIT 41225 RIGHT-OF-USE ASSET 1319865 1361090 LEASE LIABILITY 1793208 1793208 5620790 152692 152692 5468098 30272 30272 5498370 5708551 0 5708551 30272 30272 5738823 PART V, LINE 4: HACR PLANS TO MAKE DISTRIBUTIONS FROM INCOME EARNED ON THE INVESTMENT ENDOWMENT FUNDS FOR THE CORPORATE EXECUTIVE FORUM (CEF), WHICH WAS ESTABLISHED TO PROVIDE THE MOST SENIOR HISPANIC CORPORATE EXECUTIVES AT FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES A FORUM TO DISCUSS BUSINESS ISSUES, CHALLENGES, AND SOLUTIONS. IN 2021 CEF WAS REDESIGNED AS HACR EXECUTIVE PROGRAMS (EP), CHANGING THE EVENT STRUCTURE BUT NOT THE PURPOSE OR AUDIENCE. AS SUCH, THE GOVERNING BOARD HAS AUTHORIZED HACR'S PRESIDENT & CEO TO SPEND THE INCOME FROM THE INVESTMENT ENDOWMENT ACCOUNT BASED ON THE AMOUNT OF EARNINGS IN THE PRIOR YEAR. X X X X 0 0 0 0 0 0 0 1 0 CID WILSON PRESIDENT AND CEO 259881 0 5000 0 0 0 12962 0 12621 0 290464 0 0 0 SYLVIA PEREZ CASH EVP & CHIEF OPERATING OFFICER 184683 0 25115 0 0 0 0 0 797 0 210595 0 0 0 LISETTE GARCIA CHIEF RESEARCH OFFICER 138265 0 20923 0 0 0 6221 0 10513 0 175922 0 0 0 YAINDHY VARGAS VP, STRATEGIC INITIATIVES 129918 0 20000 0 0 0 6484 0 12435 0 168837 0 0 0 VANESSA BOWLING AJAVON VP, EXECUTIVE PROGRAMS 131211 0 17154 0 0 0 3005 0 801 0 152171 0 0 0 PART I, LINE 7 THE FOLLOWING EMPLOYEES RECEIVED BONUSES IN 2023, BASED ON MERIT: CID WILSON $5,000 SYLVIA PEREZ CASH $25,115 YAINDHY VARGAS $20,000 LISETTE GARCIA $20,923 VANESSA BOWLING AJAVON $17,154 JOHN VILLAMIL-CASANOVA BOARD MEMBER 10348 SEE BELOW 0 SCHEDULE L, PART IV: ON DECEMBER 1, 2015, HACR ENTERED INTO A SUBLEASE AGREEMENT WITH ASPIRA ASSOCIATION, INC. WHEREBY ASPIRA SUBLEASES SPACE FROM HACR AT THE SAME AMOUNT AS HACR PAYS THE LANDLORD FOR THE SPACE. THE PRESIDENT AND CEO OF ASPIRA IS ALSO A MEMBER OF HACR'S BOARD OF DIRECTORS. THE LEASE TERM IS ON A MONTH-TO-MONTH BASIS. FOR THE YEAR ENDED DECEMBER 31, 2023, RENT PAYMENTS FROM ASPIRA TOTALED $10,348. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO FOR CONSISTENCY AND ACCURACY. ONCE IT IS APPROVED IT CAN BE FILED WITH THE IRS. THE COMPLETE COPY OF THE FILED FORM 990 WILL BE DISTRIBUTED TO THE ENTIRE BOARD OF DIRECTORS FOR THE PURPOSE OF DISCLOSURE. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS, OFFICERS AND KEY EMPLOYEES ARE REQUIRED TO DISCLOSE ANNUALLY THEIR INTERESTS THAT COULD GIVE RISE TO CONFLICTS. THE CHAIR OF THE BOARD OF DIRECTORS REGULARLY AND CONSISTENTLY MONITORS COMPLIANCE WITH THE CONFLICT OF INTEREST POLICY AND WILL REPORT TO THE FULL BOARD WHEN ALL DISCLOSURES HAVE BEEN COMPLETED AND WHETHER ANY POTENTIAL CONFLICTS HAVE BEEN DISCLOSED. FAILURE BY A DIRECTOR TO COMPLETE AN ANNUAL DISCLOSURE MAY BE CAUSE FOR REMOVAL FROM THE BOARD OF DIRECTORS. ANY DIRECTOR WHO BELIEVES HE OR SHE MAY HAVE SUCH A CONFLICT OF INTEREST NOTIFIES THE BOARD PRIOR TO DELIBERATION ON THE MATTER IN QUESTION, AND THE BOARD MAKES THE FINAL DETERMINATION AS TO WHETHER ANY DIRECTOR HAS A CONFLICT OF INTEREST IN ANY MATTER. THE MINUTES OF THE BOARD MEETING SHALL REFLECT DISCLOSURE OF ANY CONFLICT OF INTEREST AND THE RECUSAL OF THE INTERESTED DIRECTOR. IN THE EVENT ANY DIRECTOR HAS A CONFLICT OF INTEREST THAT MIGHT PROPERLY LIMIT SUCH DIRECTOR'S FAIR AND IMPARTIAL PARTICIPATION IN BOARD DELIBERATIONS OR DECISIONS, SUCH DIRECTOR INFORMS THE BOARD AS TO THE CIRCUMSTANCES OF SUCH CONFLICT. IF THOSE CIRCUMSTANCES REQUIRE THE NONPARTICIPATION OF THE AFFECTED DIRECTOR, THE BOARD MAY NONETHELESS REQUEST FROM THE DIRECTOR ANY APPROPRIATE NON CONFIDENTIAL INFORMATION WHICH MIGHT INFORM ITS DECISIONS. FORM 990, PART VI, SECTION B, LINE 15 THE ASSOCIATION HAS A COMPENSATION POLICY THAT CONSISTS OF UTILIZING COMPARABILITY DATA, REVIEW AND APPROVAL BY INDEPENDENT PARTIES, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. THIS PROCESS IS DONE ANNUALLY. THE LAST TIME A COMPENSATION REVIEW WAS PERFORMED WAS IN NOVEMBER 2022. FORM 990, PART VI, SECTION C, LINE 19 THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.