Hispanic Educational Resources INC EIN 42-1222154

Hispanic Educational Resources INC FY2021 filing

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Empowers Latino children with bilingual early education and advocates for their community. For fiscal year 2021 it reported $929K in revenue, $968K in expenses, and $247K in net assets.Pt I

Type
Public charity (501(c)(3)) · Education
Location
Des Moines, IA
Website
herdsm.org
Filings
6 on file (2020–2021)
Revenue
$929KFY2021
Expenses
$968K
Net assets
$247K
People
6
Filings
6
Updates
0
More identity details & actions ⌄
EIN  42-1222154 Public charity (501(c)(3)) Des Moines, IA
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$1–10M
What they do
Empowers Latino children with bilingual early education and advocates for their community.
Leadership
Claudia Garcia Brown · President
Money in and out
$929K revenue, $968K expenses
Bottom line
68% program efficiency
Where the money goes · FY2021
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$968K
Pt IX · Ln 25
Net assets
$247K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$39K
Where spending went · Part IX cols B–D
Program services $0.68 Management & general $0.32
Program efficiency
68%
of spending reaches programs
Operating runway
2.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
-4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$929K
FY2021▲ +4%
Expenses
$968K
FY2021▲ +1.0%
Total assets
$481K
FY2021▲ +4%
Total liabilities
$234K
FY2021▲ +15%
Total revenue
$929K
Pt VIII · Ln 12
Total expenses
$968K
Pt IX · Ln 25
Net assets
$247K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$39K
Total assetsPt X · Ln 16$481K
Program-expense ratioPt IX · col B68%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46
Mission & Programs · Part III

Where the work happens

1 program service account for $661K of program spending, described in the organization's own filed words · FY2020.
01

Conmingo Early Education Center

Is an education facility specializing in bilingual early education services for children ages 1-5 years.

$661Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHispanic Educational Resources INC
EINHdr · item D42-1222154
Principal addressHdr · item CDes Moines, IA
WebsiteHdr · item Jherdsm.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MIA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B60)
Ruling yearIRS BMFJan 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
Secretary/Parent Represent
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
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Statement of Revenue

Part VIII
Program service revenue$593K · 64%
Other revenue$198K · 21%
Contributions & grants$133K · 14%
Investment income$6K · 1%
Program service revenue64%$593K
Other revenue21%$198K
Contributions & grants14%$133K
Investment income1%$6K
Total revenueLn 12$929K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.68 Management & general $0.32
Program services68%$661K
Management & general32%$307K
Total functional expensesLn 25$968K

Balance Sheet

Part X · end of year
CashLn 1$230K
Total assetsLn 16$481K
Total liabilitiesLn 26$234K
Total net assetsLn 32$247K
Months of cash on handcomputed2.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $230K · Operating expenses/yr $968K
2.8 months
Where the money goes
Program services
Program services $661K · Total expenses $968K
68%
Management & General
Management & general $307K · Total expenses $968K
32%
Fundraising
Fundraising $0 · Total expenses $968K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $131K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $133K · Total revenue $929K
14%
Government reliance
Government grants — · Total revenue $929K
Earned-income share
Program service revenue $593K · Total revenue $929K
64%
Investment reliance
Investment income $6K · Total revenue $929K
+0.6%
Program self-sufficiency
Program service revenue $593K · Total expenses $968K
61%
Growth & trend
Revenue growth (YoY)
This year $929K · Prior year $891K
+4%
Net-asset trend (YoY)
End of year $247K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $929K · Expenses $968K
-4%
Liabilities-to-Assets
Total liabilities — · Total assets $481K
Net-asset ratio
Net assets $247K · Total assets $481K
51%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $481K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Claudia Garcia Brown · Reported title PRESIDENT · Highest reported compensation $0 · Total expenses $968K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $618K · Total expenses $968K
64%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 68%
Overhead ratio 32%
Fundraising cost ratio 0%
Revenue growth 4%
Investment management fee ratio 0.05%
Accounting fee ratio 5%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$119K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$1.4M revenue · ⤓ 990 PDF
FY2024$1.4M revenue · ⤓ 990 PDF
FY2023$1.5M revenue · ⤓ 990 PDF
FY2022$1.1M revenue · ⤓ 990 PDF
FY2021$929K revenue · viewing · ⤓ 990 PDF
FY2020$891K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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