Hispanic Educational Technology Services INC EIN 52-1860470

Hispanic Educational Technology Services INC FY2021 filing

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Empowers colleges to boost Hispanic/Latino student success using technology. For fiscal year 2021 it reported $223K in revenue, $211K in expenses, and $51K in net assets.Pt I

Founded
1993
Type
Public charity (501(c)(3)) · Education
Location
San Juan, PR
Website
www.hets.org
Filings
5 on file (2020–2021)
Revenue
$223KFY2021
Expenses
$211K
Net assets
$51K
People
5
Filings
5
Updates
0
More identity details & actions ⌄
EIN  52-1860470 Public charity (501(c)(3)) San Juan, PR Founded 1993
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowers colleges to boost Hispanic/Latino student success using technology.
Leadership
Yubelkys Montalvo · Executive Director · $70K
Money in and out
$223K revenue, $211K expenses
Bottom line
62% program efficiency
Where the money goes · FY2021
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $12K
Where spending went · Part IX cols B–D
Program services $0.62 Management & general $0.38
Program efficiency
62%
of spending reaches programs
Operating runway
3.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+5%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$223K
FY2021▼ -6%
Expenses
$211K
FY2021▼ -9%
Total assets
$93K
FY2021▲ +1%
Total liabilities
$41K
FY2021▼ -21%
Total revenue
$223K
Pt VIII · Ln 12
Total expenses
$211K
Pt IX · Ln 25
Net assets
$51K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$12K
Total assetsPt X · Ln 16$93K
Program-expense ratioPt IX · col B62%
Voting members of governing bodyPt I · Ln 342
Independent voting membersPt I · Ln 442
Mission & Programs · Part III

Where the work happens

3 program services account for $72K of program spending, described in the organization's own filed words · FY2020.
01

A total of 6 sessions were delivered to 45 participants from 15 member institutions.

$30Kprogram expense
02

Student leadership showcase events in PR and usa and the best practice showcase two days conference in PR

$22Kprogram expense
03

Hets online journal peer review journal online, one issue per semester

$20Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHispanic Educational Technology Services INC
EINHdr · item D52-1860470
Principal addressHdr · item CSan Juan, PR
WebsiteHdr · item Jwww.hets.org
Year of formationHdr · item L1993
State of legal domicileHdr · item MPR
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B99)
Ruling yearIRS BMFApr 1994

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a42
Independent voting membersPt VI · Ln 1b42
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 15aNo
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
Executive Director
$70,325Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A

Yubelkys Montalvo’s $73K as Executive Director is at the 65th percentile of top reported officer pay among 1616 $100K–1M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2024FY2023FY2022FY2021FY2020
Yubelkys Montalvo$72,665$72,838$73,034$69,985$70,325$70,325

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.

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Statement of Revenue

Part VIII
Contributions & grants$203K · 91%
Program service revenue$20K · 9%
Contributions & grants91%$203K
Program service revenue9%$20K
Other revenue$48
Total revenueLn 12$223K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.62 Management & general $0.38
Program services62%$131K
Management & general38%$79K
Total functional expensesLn 25$211K

Balance Sheet

Part X · end of year
CashLn 1$68K
Total assetsLn 16$93K
Total liabilitiesLn 26$41K
Total net assetsLn 32$51K
Months of cash on handcomputed3.9

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $68K · Operating expenses/yr $211K
3.9 months
Where the money goes
Program services
Program services $131K · Total expenses $211K
62%
Management & General
Management & general $79K · Total expenses $211K
38%
Fundraising
Fundraising $0 · Total expenses $211K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $207K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $203K · Total revenue $223K
91%
Government reliance
Government grants $0 · Total revenue $223K
0%
Earned-income share
Program service revenue $20K · Total revenue $223K
9%
Investment reliance
Investment income $0 · Total revenue $223K
0%
Program self-sufficiency
Program service revenue $20K · Total expenses $211K
9%
Growth & trend
Revenue growth (YoY)
This year $223K · Prior year $237K
-6%
Net-asset trend (YoY)
End of year $51K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $223K · Expenses $211K
+5%
Liabilities-to-Assets
Total liabilities — · Total assets $93K
Net-asset ratio
Net assets $51K · Total assets $93K
56%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $93K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Yubelkys Montalvo · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $70K · Total expenses $211K
33%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $113K · Total expenses $211K
54%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 62%
Overhead ratio 38%
Fundraising cost ratio 0%
Revenue growth -6%
Accounting fee ratio 2%

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.

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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
FY2024$251K revenue · ⤓ 990 PDF
FY2023$256K revenue · ⤓ 990 PDF
FY2022$286K revenue · ⤓ 990 PDF
FY2021$223K revenue · viewing · ⤓ 990 PDF
FY2020$237K 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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