Is it real?
No. The IRS revoked its tax exemption. Latest filing we have: FY2021.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
62 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
13 people listed on the 990; $84K paid to officers and key staff (Part VII, Section A).
Compensation history total reportable pay by year · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Pedro Zamora | $86,900 | $88,200 | $83,700 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
See Hispanic Economic executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Empowers Latinos in Kansas City through business growth and wealth-building programs.
Questions for Hispanic Economic
Your first name shows with your question. Hispanic Economic answers here, for everyone.
To improve the lives of latinos within the greater kansas city area through business development, and econcomic and community wealth creation initiatives.
Form 990 Part III, line 4, FY2019. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 43-1654693) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $121K | $52K |
| InvestmentsLn 11–13 | $649K | $864K |
| Land, buildings, equipmentLn 10c | $1.5M | $2.6M |
| Total assetsLn 16 | $2.5M | $3.7M |
| LiabilitiesLn 26 | $41K | $708K |
| Net assetsLn 32 | $2.5M | $3.0M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $85K | $72K | $8K | $5K |
| Other salaries and wagesLn 7 | $193K | $164K | $17K | $12K |
| Other employee benefitsLn 9 | $63K | $54K | $6K | $4K |
| Payroll taxesLn 10 | $20K | $17K | $2K | $1K |
| Legal feesLn 11b | $38K | $5K | $33K | |
| Accounting feesLn 11c | $32K | $32K | ||
| Investment management feesLn 11f | $10K | $10K | ||
| Other fees for servicesLn 11g | $56K | $56K | ||
| Advertising and promotionLn 12 | $29K | $3K | $23K | $4K |
| Office expensesLn 13 | $30K | $3K | $27K | |
| OccupancyLn 16 | $53K | $36K | $18K | |
| TravelLn 17 | $6K | $4K | $2K | |
| Conferences, conventions and meetingsLn 19 | $8K | $1K | $6K | |
| Depreciation, depletion and amortizationLn 22 | $32K | $10K | $23K | |
| InsuranceLn 23 | $26K | $81 | $26K | $8 |
| Other expenses (24a–d)Ln 24 | $114K | $72K | $42K | |
| All other expensesLn 24e | $12K | $6K | $6K | |
| Total functional expensesLn 25 | $807K | $503K | $279K | $25K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 LatestFiled with the IRS Jun 26, 2023 | $759K | $677K | $82K | $3.2M | 990 PDF |
| FY2021Filed with the IRS Apr 15, 2022 | $775K | $685K | $90K | $3.1M | 990 PDF |
| FY2020 ViewingFiled with the IRS Apr 13, 2021 | $1.4M | $807K | $613K | $3.0M | 990 PDF |
Schedules filed Part IV
See the full FY2020 990
Part I · Summary $1,420,113 revenue, 12 lines filed
Part VI · Governance 12 of 13 board members independent, no flags
Part VIII · Statement of revenue $1,420,113 across 7 lines filed
Part IX · Statement of functional expenses $807,095 across 17 lines filed
Part X · Balance sheet $3,728,821 assets, 15 lines filed
Part XI · Reconciliation of net assets $3,020,946 net assets at year end
Form 990 e-file FY2020 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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