FLORIDA STATE HISPANIC CHAMBER OF COMMERCE INC Charity Report

Public IRS 990 nonprofit record

FLORIDA STATE HISPANIC CHAMBER OF COMMERCE INC

EIN 82-5467031 · Chambers of Commerce & Business Leagues (S41)

What they do

THE INTERESTS of HISPANIC-OWNED BUSINESSES. THIS CAN INVOLVE ADDRESSING REGULATORY CHALLENGES, SEEKING EQUITABLE ACCESS to GOVERNMENT CONTRACTS, and WORKING to ELIMINATE BARRIERS to GROWTH. ACCESS to CAPTIAL: ONE of THE KEY CHALLENGES for MANY SMALL BUSINESSES is ACCESS to CAPITAL. THE CHAMBER MAY WORK to CONNECT ITS MEMBERS WITH FUNDING SOURCES, GRANTS, LOANS and INVESTMENT OPPORTUNITIES. COLLABORATION: THE CHAMBER MAY COLLABORATE WITH OTHER LOCAL CHAMBERS of COMMERCE, BUSINESS ASSOCIATIONS, and GOVERNMENT ENTITIES to MAXIMIZE ITS IMPACT and ADDRESS COMMON CHALLENGES. PROFESSIONAL DEVELOPMENT: PROVIDING OPPORTUNITIES for PROFESSIONAL GROWTH and SKILL DEVELOPMENT is ANOTHER IMPORTANT GOAL. THIS CAN INCLUDE LEADERSHIP DEVELOPMENT PROGRAMS, SEMINARS ON BUSINESS TRENDS, and ACCESS to INDUSTRY EXPERTS. BUSINESS ADVOCACY: THE CHAMBER MAY ADVOCATE for FAVORABLE BUSINESS CONDITIONS, POLICIES, and REGULATIONS AT LOCAL, REGIONAL, and NATIONAL LEVELS, ENSURING THAT THE INTERESTS of HISPANIC-OWNE

Before you give

Should I give to this charity?

Easy charity check

The spending raises an important question

Of every $100 spent, about $5.70 was reported for mission work and $0.00 for fundraising. Understand this before you give.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders3 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

2.16%of revenue went to mission work5.7% of expenses · Program services

$100.16spent for every $100 of revenueSpending was higher than revenue this year.

$0.07in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $3,903 this year. Ask whether that was planned or caused by a one-time event.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$185,000

Mission workProgram services$4,0002.16% of revenue5.7% of expenses

ManagementOffice and general costs0.00% of revenue0.0% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Revenue left after expensesReported annual surplus$115,00062.16% of revenueShown in gray on the chart

Total expenses$70,00037.84% of revenue

Gray means reported revenue left after expenses for this filing year. It does not necessarily mean cash sitting in a bank account.

Pause before giving. This filing reports that 0.0% of spending went to fundraising and 5.7% went to mission work. Ask the charity to explain these numbers and show recent results.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2019CurrentExpense mix: 5.7% mission · 0.0% management · 0.0% fundraisingTotal expenses: 37.84% of revenue

2018Expense mix: 6.5% mission · 0.0% management · 0.0% fundraisingTotal expenses: 24.21% of revenue

Money in and money out

Revenue$2,441,750

Expenses$2,445,653

Annual shortfall $3,903 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$4,000 · 0.2% of expenses

See all reported dollar amounts

Revenue$2,441,750

Expenses$2,445,653

Assets$168,386

Income$2,441,750

Contributions$2,441,750

Mission work (program services)$4,000

Accounting fees$4,850

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

No compensation was reported for these leaders. The complete board and leadership roster is shown below.

Board and leadership roster (3)

JONATHAN KILLMANSECRETARY

JORGE CABRERATREASURER

JULIO FUENTESPRESIDENT

About this charity

Recognized since: January 2024
Location: 45095 STATE ROAD 7 SUITE L151, LAKE WORTH, FL 33449-0000
County: Palm Beach
In care of: % JULIO FUENTES
Primary officer: JULIO FUENTES, President

How to reach them

WebsiteVisit the charity’s website Emailinfo@fshcc.com Phone(561) 889-6655

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: THE BOOKKEEPING EXPERTS
NTEE classification: Chambers of Commerce & Business Leagues (S41)
IRS tax category: Chambers of Commerce & Business Leagues