2021-11-15T15:59:53-06:00 2020-12-31 521853933 JM&M 1730 RHODE ISLAND AVE NW SUITE 800 WASHINGTON DC 20036 990 2020-01-01 850356947 HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY HISP 2026824012 1220 L STREET NW NO 701 WASHINGTON DC 20005 CID D WILSON PRESIDENT/CEO 2026824012 2021-11-11 1 CID WILSON 999009999 SEAN MCELWANEY P01608821 2022963306 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z CID D WILSON 1444 I STREET NW WASHINGTON DC 20005 4308740 0 X WWW.HACR.ORG X 1986 DC TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS. 15 15 12 15 0 0 139398 170452 2781529 2904136 67965 64794 68314 68874 3057206 3208256 0 0 0 0 1133172 1161094 0 0 0 1999552 1042005 3132724 2203099 -75518 1005157 2723358 3895814 709420 797137 2013938 3098677 X TO ADVANCE THE INCLUSION OF HISPANICS IN CORPORATE AMERICA AT A LEVEL COMMENSURATE WITH THEIR ECONOMIC CONTRIBUTIONS. 0 0 727501 LEADERSHIP AND EDUCATION: YOUNG HISPANIC CORPORATE ACHIEVERS PROGRAM ("YHCA") - HELD ANNUALLY, 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 ACKNOWLEDGES YOUNG HISPANICS BETWEEN THE AGES OF 25 AND 40 WORKING FOR FORTUNE 500 AND/OR HACR CORPORATE MEMBER COMPANIES WHO PARTICIPATE IN AN INTENSIVE MULTI-DAY LEADERSHIP DEVELOPMENT, EDUCATION, AND TRAINING CONFERENCE. THE 2020 YHCA PROGRAM WAS POSTPONED TO 2021 DUE TO THE GLOBAL PANDEMIC.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 EP CONFERENCE OFFERS EDUCATIONAL LEADERSHIP DEVELOPMENT SESSIONS PRESENTED BY CEOS AND CORPORATE BOARD DIRECTORS FROM FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES, 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 LEADERSHIP PIPELINE PROGRAM ("LPP") - THE LPP WAS CREATED TO PROVIDE FORTUNE 500 AND HACR CORPORATE MEMBER COMPANIES A FORUM TO DEVELOP MID AND UPPER LEVEL HISPANIC EXECUTIVES. THIS PROGRAM BUILDS UPON THE LEGACY AND SUCCESS OF THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS, EXPANDING 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. 718540 1336136 SYMPOSIUM AND CONFERENCE: HACR'S ANNUAL SYMPOSIUM GATHERS INFLUENTIAL LEADERS FROM DIVERSE FIELDS FOR STIMULATING DISCUSSIONS AND TO AMBITIOUSLY SEEK WAYS TO ADVANCE HISPANIC INCLUSION IN CORPORATE AMERICA. CONFERENCE PARTICIPANTS, REPRESENTING THE MOST HIGHLY RESPECTED AND RECOGNIZED FORTUNE 500 COMPANIES, COME TOGETHER FOR THE COMMON PURPOSE OF PROMOTING BEST PRACTICES, ADDRESSING CORPORATE SOCIAL RESPONSIBILITY AS IT RELATES TO HISPANIC INCLUSION IN THEIR RESPECTIVE ORGANIZATIONS, AND TO EXPLORE THE PRESENT AND FUTURE ROLES OF HISPANICS AS CORPORATE AND COMMUNITY LEADERS. HACR'S INAUGURAL LATINA EMPOW(H)ER SUMMIT WAS HELD ON MARCH 2-4, 2020, AT THE FOUR SEASONS WESTLAKE VILLAGE IN CALIF. THIS EVENT BROUGHT TOGETHER AN EXCLUSIVE GROUP OF NEARLY 50 LATINA EXECUTIVES, WHO GATHERED FOR A UNIQUE OPPORTUNITY TO DEVELOP THEIR LEADERSHIP AND MANAGERIAL SKILLS THROUGH A SERIES OF WORKSHOPS AND DISCUSSIONS. ATTENDEES WERE ALSO ENCOURAGED TO RECHARGE WITH WELLNESS-FOCUSED ACTIVITIES PROVIDED BY THE CALIFORNIA HEALTH & LONGEVITY INSTITUTE. 123039 1444000 MEMBERSHIP SERVICES: HACR HAS APPROXIMATELY 95 FORTUNE 500 CORPORATE MEMBERS. THERE ARE TWO CLASSIFICATIONS OF MEMBERS: 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. 49905 124000 RESEARCH AND PUBLICATIONS: CORPORATE INCLUSION INDEX ("CII")- THE HACR RESEARCH INSTITUTE CONDUCTS AND PUBLISHES RESEARCH ON ISSUES IMPACTING THE HISPANIC COMMUNITY IN THE UNITED STATES AND PUERTO RICO. THROUGH ITS RESEARCH INSTITUTE, HACR PUBLISHES THE ANNUAL 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 EVALUATION OF CORPORATIONS' PRACTICES IN FOUR AREAS OF SOCIAL AND ECONOMIC RECIPROCITY: EMPLOYMENT, PROCUREMENT, PHILANTHROPY, AND GOVERNANCE. 49905 124000 1618985 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 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 7 0 1 12 1 0 0 0 0 0 0 0 0 0 0 0 0 X 15 15 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 X CID D WILSON 2026824012 1220 L STREET NW NO 701 WASHINGTON DC 20005 MARY ANN GOMEZ ORTA CHAIR 1.00 X X 0 0 0 AMY HINOJOSA VICE CHAIR 1.00 X X 0 0 0 RONALD BLACKBURN-MORENO TREASURER 1.00 X X 0 0 0 RAMIRO CAVAZOS SECRETARY 1.00 X X 0 0 0 ROGER ROCHA JR DIRECTOR 1.00 X 0 0 0 LAWRENCE G ROMO DIRECTOR 1.00 X 0 0 0 MARCO DAVIS DIRECTOR 1.00 X 0 0 0 DR JUAN ANDRADE DIRECTOR 1.00 X 0 0 0 ANTONIO FLORES DIRECTOR 1.00 X 0 0 0 LISA CAPOTE DIRECTOR 1.00 X 0 0 0 THOMAS SAVINO DIRECTOR 1.00 X 0 0 0 JANET MURGUIA DIRECTOR 1.00 X 0 0 0 IGNACIO SALAZAR DIRECTOR 1.00 X 0 0 0 RAQUEL TAMEZ DIRECTOR 1.00 X 0 0 0 GABRIELA MUSIET DIRECTOR AS OF JANUARY 1.00 X 0 0 0 CID WILSON PRESIDENT AND CEO 40.00 X 239740 0 20028 LISETTE GARCIA SR. VP AND COO UNTIL NOV. 2020 40.00 X 155312 0 15834 395052 0 35862 2 0 1 0 YOUR PART-TIME CONTROLLER LLC 1500 WALNUT SUITE 1200 PHILADELPHIA PA 19102 FINANCIAL CONTROLLER 101116 1 168447 2005 170452 MEMBERSHIP DUES 900099 1444000 1444000 SYMPOSIUM & CONFERENCE 900099 1336136 1336136 OTHER PROGRAM REVENUE 900099 124000 124000 2904136 41033 41033 64947 0 64947 64947 64947 1124245 1100484 23761 23761 23761 MISCELLANEOUS INCOME 900099 3927 3927 3927 3208256 2904136 0 133668 X 430914 339465 91449 564285 444532 119753 24241 19097 5144 72656 57236 15420 68998 54355 14643 11139 11139 15750 15750 19319 19319 294708 157757 136951 74659 53009 21650 72944 57464 15480 199198 156925 42273 39950 32367 7583 143155 140462 2693 65797 51833 13964 10626 10626 DUES & SUBSCRIPTIONS 69530 54253 15277 BAD DEBT 25000 25000 DESIGN 230 230 2203099 1618985 584114 0 231582 665820 366189 66205 124369 111943 169804 144921 495315 338471 213882 156844 1576307 2708856 41225 41225 2723358 3895814 25763 34706 395555 550094 288102 212337 709420 797137 X 716682 1704540 1297256 1394137 2013938 3098677 2723358 3895814 1005157 79582 0 X X 0 1 X 0 0 X 1161537 805927 678837 139398 170452 2956151 1712495 2212978 1919850 2781529 2904136 11530988 2874032 3018905 2598687 2920927 3074588 14487139 0 172874 56466 472978 665310 1367628 172874 56466 472978 665310 1367628 13119511 63447 98888 103816 100539 105980 472670 63447 98888 103816 100539 105980 472670 14658 12197 3927 30782 2937479 3117793 2717161 3033663 3184495 14990591 0.87520 0.90200 0.03150 0.02840 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2018 AMOUNT: $ 13,070. 2019 AMOUNT: $ 12,197. 2020 AMOUNT: $ 3,927. REIMBURSEMENTS - 2018 AMOUNT: $ 1,588. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1297256 96881 1394137 1137061 160195 1297256 1309847 -172786 1137061 1163126 146721 1309847 1187496 31515 55885 1163126 0.83920 0.16080 0 0 375620 254591 121029 52632 35419 17213 67063 48461 18602 156844 DEFERRED RENT 212337 212337 X 3268519 79582 79582 3188937 19319 19319 3208256 2183780 0 2183780 19319 19319 2203099 PART V, LINE 4: HACR PLANS TO MAKE DISTRIBUTIONS FROM INCOME EARNED ON THE ENDOWMENT FOR THE 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. AS SUCH, THE GOVERNING BOARD HAS AUTHORIZED HACR'S PRESIDENT & CEO TO SPEND THE INCOME FROM THE ENDOWMENT ACCOUNT BASED ON THE AMOUNT OF EARNINGS IN THE PRIOR YEAR. FOR THE YEAR ENDED 12/31/2020, $224,137 WAS APPROPRIATED FOR EXPENDITURES FROM THE ENDOWMENT FUND. PART X, LINE 2: HACR BELIEVES THAT IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS. X X X X 0 0 0 0 0 0 0 1 0 CID WILSON PRESIDENT AND CEO 239740 0 0 0 0 0 11973 0 8055 0 259768 0 0 0 LISETTE GARCIA SR. VP AND COO UNTIL NOV. 2020 145312 0 10000 0 0 0 7779 0 8055 0 171146 0 0 0 PART I, LINE 7 THE SR. VP/COO RECEIVED A BONUS IN 2020. BONUSES ARE BASED ON MERIT. RONALD BLACKBURN-MORENO TREASURER OF HACR 60609 SUBLEASE 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 THE TREASURER OF HACR'S BOARD OF DIRECTORS. THE LEASE TERM IS ON A MONTH-TO-MONTH BASIS. FOR THE YEAR ENDED DECEMBER 31, 2020, RENT PAYMENTS FROM ASPIRA TOTALED $60,609. FORM 990, PART VI, SECTION A, LINE 1 UNLESS LIMITED BY A RESOLUTION OF THE BOARD, THE EXECUTIVE COMMITTEE SHALL HAVE THE SAME AUTHORITY AS THE BOARD BETWEEN BOARD MEETINGS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE PRESIDENT/CEO FOR CONSISTENCY AND ACCURACY, AND THEN PRESENTED TO THE FINANCE COMMITTEE OF THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE IT IS APPROVED IT CAN BE FILED WITH THE IRS. A 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. 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 SPRING OF 2021. 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 157,757. MANAGEMENT AND GENERAL EXPENSES 136,951. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 294,708.