Nonprofit · EIN 20-2509041
HOBBS HISPANO CHAMBER OF COMMERCE INC
Tax-exempt · HOBBS, NM 88240
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-EZ | $177,920 | $138,813 | $39,107 | $199,806 | $1,743 | $198,063 |
| December 31, 2023 | 990-EZ | $127,454 | $133,735 | -$6,281 | $157,430 | $974 | $156,456 |
Financial details: 990-EZ for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $86,658
- Program service revenue
- $82,250
- Investment income
- $9,012
Expenses
- Compensation of officers, directors and key employees
- $64,615
- Salaries, compensation and benefits (total)
- $69,714
- Professional fees and payments to contractors
- $3,864
- Occupancy
- $7,064
- Printing, publications and postage
- $300
- Other expenses
- $57,871
- Program services (functional)
- $29,762
Balance sheet and other
- Total assets, start of year
- $159,930
- Total assets, end of year
- $199,806
- Total liabilities, end of year
- $1,743
- Net assets, end of year
- $198,063
- Cash, savings and investments
- $134,008
- Land and buildings
- $58,012
- Gross receipts
- $177,920
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SERGIO POLANCO | PRESIDENT & CEO | 40 | $64,615 |
| KIMBERLY ORTEGA | Vice President | 1 | $0 |
| SERGIO POLANCO | President & CEO | 1 | $0 |
| LAURA DAVIS | Chairman | 1 | $0 |
| JOANN MILLER | Director | 1 | $0 |
| ELIZABETH SAENZ | Secretary | 1 | $0 |
| CORINA CARRASCO | Treasurer | 1 | $0 |
| ARIANA ESTRELLO | Director | 1 | $0 |
| GAGE RADCLIFFE | Director | 1 | $0 |
| ROSE MARTIN | Director | 1 | $0 |
| YADIRA NAVARRETTE | Director | 1 | $0 |
| RANEEN RADCLIFFE | Director | 1 | $0 |
| SHANNON BUSH | Director | 1 | $0 |
| JUDITH PEREZ | Director | 1 | $0 |
990-EZ for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| SERGIO POLANCO | PRESIDENT & CEO | 40 | $51,500 |
| KIMBERLY ORTEGA | Vice President | 1 | $0 |
| RACHAEL MOON | Director | 1 | $0 |
| SERGIO POLANCO | President | 1 | $0 |
| LAURA DAVIS | Chairman | 1 | $0 |
| JOANN MILLER | Director | 1 | $0 |
| ADRIAN CARRASCO | Treasurer | 1 | $0 |
| ALEJANDRO ESTRELLA | Director | 1 | $0 |
| ELIZABETH SAENZ | Secretary | 1 | $0 |
| CORINA CARRASCO | Director | 1 | $0 |
| ARIANA ESTRELLO | Director | 1 | $0 |
| GAGE RADCLIFFE | Director | 1 | $0 |
| ROSE MARTIN | Director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 113 N SHIPP ST, HOBBS, NM 88240-6041
- Signed the 990-EZ
- SERGIO POLANCO, President & CEO
- Phone
- (575) 393-1030
- Website
- www.hispanochamber.org
- Return prepared by
- Vicki D Henry CPA
Mission
TO MAXIMIZE, PROMOTE AND ENCOURAGE THE DEVELOPMENT, GROWTH, AND EXPANSION OF MINORITY-OWNED BUSINESSES THROUGHOUT THE HOBBS COMMUNITY.
Program accomplishments
- TO MAXIMIZE, PROMOTE, AND ENCOURAGE THE DEVELOPMENT, GROWTH AND EXPANSION OF MINORITY-OWNED BUSINESSES THROUGHOUT THE HOBBS COMMUNITY.Expenses $29,762
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-EZ on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-2509041
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 2006
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $199,806
- Income (IRS master file)
- $177,920
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2024 | $177,920 | $138,813 | $199,806 | XML |
| 990-EZ | December 2023 | $127,454 | $133,735 | $157,430 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-EZ | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
| 990-EZ | December 2019 | – | – | – | IRS |
| 990-EZ | December 2018 | – | – | – | IRS |
| 990-EZ | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2509041).
Questions about HOBBS HISPANO CHAMBER OF COMMERCE INC
- What is the EIN of HOBBS HISPANO CHAMBER OF COMMERCE INC?
- The employer identification number (EIN) of HOBBS HISPANO CHAMBER OF COMMERCE INC is 20-2509041.
- Is HOBBS HISPANO CHAMBER OF COMMERCE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 2006.
- Are donations to HOBBS HISPANO CHAMBER OF COMMERCE INC tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does HOBBS HISPANO CHAMBER OF COMMERCE INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HOBBS HISPANO CHAMBER OF COMMERCE INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HOBBS HISPANO CHAMBER OF COMMERCE INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
- Who are the officers and directors of HOBBS HISPANO CHAMBER OF COMMERCE INC?
- The 990-EZ for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $64,615 (SERGIO POLANCO, PRESIDENT & CEO).
- How much revenue does HOBBS HISPANO CHAMBER OF COMMERCE INC have?
- On its 990-EZ for the year ended December 31, 2024 it reported revenue of $177,920, expenses of $138,813 and total assets of $199,806 at year end.
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