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Nonprofit · EIN 86-2313981

HISPANIC RESTAURANT ASSOCIATION

Tax-exempt · CASTLE ROCK, CO 80104

Financials

$219K$251K2023
Revenue Expenses · by fiscal year end
Financials of HISPANIC RESTAURANT ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$218,539$251,217-$32,678$35,896$48,300-$12,404
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$171,643
Program service revenue
$46,896
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$82,306
Salaries, compensation and benefits (total)
$82,306
Professional fundraising fees
$0
Legal fees
$346
Accounting fees
$742
Occupancy
$16,408
Travel
$22,359
Program services (functional)
$175,838
Management and general (functional)
$57,255
Fundraising (functional)
$18,124

Balance sheet and other

Total assets, start of year
$7,207
Total assets, end of year
$35,896
Total liabilities, end of year
$48,300
Net assets, end of year
-$12,404
Net assets without donor restrictions
-$12,404
Gross receipts
$218,539
Employees
0
Volunteers
0
Year formed
2021
State of legal domicile
CO

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 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
Fernando StovellDirector and Consultant
Officer
40$56,832
Pablo AyaCulinary Director
Officer
40$25,474
John JaramilloPresident
Officer
60$0
Drue JaramilloChief Technology Officer
Officer
20$0

Address and contacts

Address (IRS master file)
115 WILCOX ST STE 220, CASTLE ROCK, CO 80104-2049
Principal officer (990 for 2023)
John Jaramillo, 115 Wilcox St, Suite 220, Castle Rock, CO 80104
Signed the 990
Drue Jaramillo, Chief Technology Officer
Phone
(308) 660-4283

Mission

Our mission is to advocate on behalf of Hispanic restaurateurs chefs and entrepreneurs in order to open and operate their restaurants more effective and efficiently. Our vision is to educate and elevate the Hispanic community across a multi-generational spectrum.

990 for the year ended December 31, 2023

Program accomplishments

  • Our organization diligently identifies outstanding Hispanic-owned restaurants nationwide showcasing their distinctive flavors and culinary heritage. By leveraging our platforms and hosting events we enhance their visibility introducing their delectable creations to a broader public. We achieve these objectives through a range of initiatives including maintaining a comprehensive nationwide restaurant directory organizing vibrant Hispanic cuisine festivals conducting engaging social media campaigns and collaborating with influential individuals to further promote these talented restaurateurs.
    Expenses $145,740 · revenue $23,008
  • The HRA membership offers exclusive features to address future challenges in the culinary industry. Members benefit from innovative solutions that are reshaping the landscape of restaurants and kitchens. The Restaurant Fundamentals Course equips participants with essential knowledge to strengthen their businesses. Covering topics from health and safety to menu planning and restaurant management this course provides valuable insights for success. National Hispanic Restaurant Week established by the HRA celebrates Hispanic Heritage Month with special promotions and opportunities to highlight cultural heritage. Recognized by the Senate this week showcases achievements within the Hispanic culinary community. Access the Restaurant Vendors & Suppliers RVS network for a wide range of resources including financial advice ESL programs and real estate expertise. This network offers valuable support to enhance various aspects of restaurant operations. Members receive a 20% discount on courses offered by the HRA Academy facilitating continuous learning and skill development in the culinary field. Expressing appreciation for member support the HRA offers weekly Zoom lessons providing exclusive insights interactive Q&A sessions and opportunities to expand culinary knowledge and expertise.
    Expenses $30,098
  • Our organization specializes in providing customized support to Hispanic-owned restaurants. We conduct in-depth business performance analyses to identify strengths and areas for improvement. By offering menu engineering strategies tailored for profitability we help restaurants optimize their offerings. Additionally we assist in devising expansion strategies to support growth and provide guidance on integrating technology to streamline operations and enhance customer experiences. Our goal is to empower Hispanic-owned restaurants with the tools and insights needed to thrive in a competitive market.
    revenue $1,519

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
86-2313981
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2022
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$35,896
Income (IRS master file)
$218,539

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$218,539$251,217$35,896XML
990-EZDecember 2022–––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 86-2313981).

Questions about HISPANIC RESTAURANT ASSOCIATION

What is the EIN of HISPANIC RESTAURANT ASSOCIATION?
The employer identification number (EIN) of HISPANIC RESTAURANT ASSOCIATION is 86-2313981.
Is HISPANIC RESTAURANT ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2022.
Are donations to HISPANIC RESTAURANT ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does HISPANIC RESTAURANT ASSOCIATION 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 HISPANIC RESTAURANT ASSOCIATION 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 HISPANIC RESTAURANT ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of HISPANIC RESTAURANT ASSOCIATION?
The 990 for the year ended December 31, 2023 names John Jaramillo.
Who are the officers and directors of HISPANIC RESTAURANT ASSOCIATION?
The 990 for the year ended December 31, 2023 lists 4 people; 2 received compensation from the organization, the highest $56,832 (Fernando Stovell, Director and Consultant).
How much revenue does HISPANIC RESTAURANT ASSOCIATION have?
On its 990 for the year ended December 31, 2023 it reported revenue of $218,539, expenses of $251,217 and total assets of $35,896 at year end.

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