Hispanic Restaurant Association: Nonprofit Profile, Financials & Form 990 (EIN 86-2313981)

Revenue by fiscal year
FY2022	$118K
FY2023	$219K

Net assets by fiscal year
FY2022	$6K
FY2023	−$12K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2023. IRS ruling in Jun 2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

70 cents of each dollar spent went to programs.

70%

23%

Program services 70% · $176K Management & general 23% · $57K Fundraising 7% · $18K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

4 people listed on the 990; $82K paid to officers and key staff.

Part VII, Section A · reportable compensation

Fernando Stovell

Director and Consultant

$56,832Pt VII · Sec A

Pablo Aya

Culinary Director

$25,474Pt VII · Sec A

John Jaramillo

President

$0Pt VII · Sec A

Drue Jaramillo

Chief Technology Officer

$0Pt VII · Sec A

Fernando Stovell’s $57K as Director and Consultant is at the 34th percentile of top reported officer pay among 1709 $100K–1M community development 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.

See Hispanic Restaurant Association executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2Yes
Top official's pay set by an independent reviewPt VI · Ln 15aNo
Loans to or from officersSch L · Pt II2 listed

Programs and updates

Helps Hispanic restaurant owners and chefs succeed by providing education and advocacy.

Questions for Hispanic Restaurant Association

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Provided by the organization

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3 programs · $176K · in their own filed words · FY2023

01

Our organization diligently identifies outstanding Hispanic-owned restaurants nationwide showcasing their distinctive flavors and culinary heritage. By leveraging our platforms and hosting events we enhance their visibility introducing their delectable creations to a broader public.

$146Kprogram expense

02

The HRA membership offers exclusive features to address future challenges in the culinary industry. Members benefit from innovative solutions that are reshaping the landscape of restaurants and kitchens. The Restaurant Fundamentals Course equips participants with essential knowledge to strengthen their businesses.

$30Kprogram expense

03

Our organization specializes in providing customized support to Hispanic-owned restaurants. We conduct in-depth business performance analyses to identify strengths and areas for improvement. By offering menu engineering strategies tailored for profitability we help restaurants optimize their offerings.

Pt IX · col B

By the numbers

The FY2023 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$219K

Ln 12

Gifts and grantsLn 1h$172K

Fees for servicesLn 2g$47K

Money outPt IX

$251K

Ln 25

Programscol B$176K

Managementcol C$57K

Fundraisingcol D$18K

Owns and owesPt X

−$12K

net assets · Ln 32

Cash and savingsLn 1–2$3K

Total assetsLn 16$36K

LiabilitiesLn 26$48K

PeoplePt VI, VII

4

listed · VII A

PaidVII A2

Voting boardVI 1a3

IndependentVI 1b0

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$172K

Government grantsLn 1e$0

Noncash giftsLn 1g$0

Fundraising eventsLn 1c$0

Fees for servicesLn 2g$47K

Total revenueLn 12$219K

Assets in detailPt X, end of year

CashLn 1$3K

SavingsLn 2$0

Cash and savings togetherLn 1–2$3K

InvestmentsLn 11–13$0

Land, buildings, equipmentLn 10c$0

Other assetsLn 15$0

Total assetsLn 16$36K

LiabilitiesLn 26$48K

Net assetsLn 32−$12K

OperationsPt I, VI

EmployeesI 50

VolunteersI 60

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY23	End FY23
Cash and savingsLn 1–2	$6K	$3K
InvestmentsLn 11–13	$0	$0
Land, buildings, equipmentLn 10c	$0	$0
Total assetsLn 16	$7K	$36K
LiabilitiesLn 26	$1K	$48K
Net assetsLn 32	$6K	−$12K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Pay of current officers, directors and key staffLn 5	$82K	$60K	$23K	$0
Pay of disqualified personsLn 6	$0	$0	$0	$0
Other salaries and wagesLn 7	$0	$0	$0	$0
Pension plan contributionsLn 8	$0	$0	$0	$0
Other employee benefitsLn 9	$0	$0	$0	$0
Payroll taxesLn 10	$0	$0	$0	$0
Management feesLn 11a	$0	$0	$0	$0
Legal feesLn 11b	$346	$0	$346	$0
Accounting feesLn 11c	$742	$0	$742	$0
Lobbying feesLn 11d	$0	$0	$0	$0
Professional fundraising feesLn 11e	$0			$0
Investment management feesLn 11f	$0	$0	$0	$0
Other fees for servicesLn 11g	$0	$0	$0	$0
Advertising and promotionLn 12	$45K	$23K	$5K	$18K
Office expensesLn 13	$5K	$3K	$3K	$0
Information technologyLn 14	$15K	$8K	$8K	$0
RoyaltiesLn 15	$0	$0	$0	$0
OccupancyLn 16	$16K	$10K	$7K	$0
TravelLn 17	$22K	$22K	$0	$0
Travel and entertainment for public officialsLn 18	$0	$0	$0	$0
Conferences, conventions and meetingsLn 19	$5K	$0	$5K	$0
InterestLn 20	$0	$0	$0	$0
Payments to affiliatesLn 21	$0	$0	$0	$0
Depreciation, depletion and amortizationLn 22	$0	$0	$0	$0
InsuranceLn 23	$2K	$1K	$1K	$0
Other expenses (24a–d)Ln 24	$52K	$48K	$4K	$0
All other expensesLn 24e	$3K	$2K	$2K	$0
Total functional expensesLn 25	$251K	$176K	$57K	$18K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest Viewing	$219K	$251K	−$33K	−$12K	990 PDF
FY2022	$118K			$6K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations

See the full FY2023 990 (6 parts)

Part I · Summary $218,539 revenue, 12 lines filed

I-8 Contributions and grants$171,643

I-9 Program service revenue$46,896

I-10 Investment income$0

I-11 Other revenue$0

I-12 Total revenue$218,539

I-13 Grants and similar amounts paid$0

I-14 Benefits paid to members$0

I-15 Salaries and benefits$82,306

I-16a Professional fundraising fees$0

I-17 Other expenses$168,911

I-18 Total expenses$251,217

I-19 Revenue less expenses−$32,678

Part VI · Governance 0 of 3 board members independent, 2 to look at

VI-1a Voting members of the governing body3

VI-1b Independent voting members0

VI-2 Family or business relationship among officers or directorsYes

VI-15a Process for setting top official's payNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

Part VIII · Statement of revenue $218,539 across 14 lines filed

VIII-1a Federated campaigns$0

VIII-1b Membership dues$0

VIII-1c Fundraising events$0

VIII-1d Related organizations$0

VIII-1e Government grants$0

VIII-1f All other contributions, gifts and grants$171,643

VIII-1g Noncash contributions (included above)$0

VIII-1h Total contributions, gifts and grants$171,643

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,896 · Unrelated business $0 · Excluded from tax $0$46,896

VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0

VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0

VIII-12 Total revenueRelated to mission $46,896 · Unrelated business $0 · Excluded from tax $0$218,539

Part IX · Statement of functional expenses $251,217 across 27 lines filed

IX-5 Pay of current officers, directors and key staffPrograms $59,573 · Management $22,733 · Fundraising $0$82,306

IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0

IX-7 Other salaries and wagesPrograms $0 · Management $0 · Fundraising $0$0

IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0

IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0

IX-10 Payroll taxesPrograms $0 · Management $0 · Fundraising $0$0

IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0

IX-11b Legal feesPrograms $0 · Management $346 · Fundraising $0$346

IX-11c Accounting feesPrograms $0 · Management $742 · Fundraising $0$742

IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0

IX-11e Professional fundraising feesFundraising $0$0

IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0

IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0

IX-12 Advertising and promotionPrograms $22,654 · Management $4,531 · Fundraising $18,124$45,309

IX-13 Office expensesPrograms $2,735 · Management $2,736 · Fundraising $0$5,471

IX-14 Information technologyPrograms $7,739 · Management $7,740 · Fundraising $0$15,479

IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0

IX-16 OccupancyPrograms $9,845 · Management $6,563 · Fundraising $0$16,408

IX-17 TravelPrograms $22,359 · Management $0 · Fundraising $0$22,359

IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0

IX-19 Conferences, conventions and meetingsPrograms $0 · Management $5,150 · Fundraising $0$5,150

IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0

IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0

IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0

IX-23 InsurancePrograms $1,155 · Management $1,154 · Fundraising $0$2,309

IX-24 Other expenses (24a–d)Programs $48,258 · Management $3,856 · Fundraising $0$52,114

IX-24e All other expensesPrograms $1,520 · Management $1,704 · Fundraising $0$3,224

IX-25 Total functional expensesPrograms $175,838 · Management $57,255 · Fundraising $18,124$251,217

Part X · Balance sheet $35,896 assets, 24 lines filed

Asset lines not itemized here account for $30,000; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $6,207$3,396

X-2 Savings and temporary cash investmentsStart of year $0$0

X-3 Pledges and grants receivableStart of year $0$0

X-4 Accounts receivableStart of year $1,000$2,500

X-8 Inventories for sale or useStart of year $0$0

X-9 Prepaid expenses and deferred chargesStart of year $0$0

X-10c Land, buildings and equipment, netStart of year $0$0

X-11 Publicly traded securitiesStart of year $0$0

X-12 Other securitiesStart of year $0$0

X-13 Program-related investmentsStart of year $0$0

X-14 Intangible assetsStart of year $0$0

X-15 Other assetsStart of year $0$0

X-16 Total assetsStart of year $7,207$35,896

X-17 Accounts payable and accrued expensesStart of year $0$17,000

X-18 Grants payableStart of year $0$0

X-19 Deferred revenueStart of year $0$0

X-20 Tax-exempt bond liabilitiesStart of year $0$0

X-24 Unsecured notes and loans payableStart of year $0$0

X-25 Other liabilitiesStart of year $199$0

X-26 Total liabilitiesStart of year $1,499$48,300

X-27 Net assets without donor restrictionsStart of year $5,708−$12,404

X-28 Net assets with donor restrictionsStart of year $0$0

X-32 Total net assets or fund balancesStart of year $5,708−$12,404

X-33 Total liabilities and net assetsStart of year $7,207$35,896

Part XI · Reconciliation of net assets −$12,404 net assets at year end

XI-1 Total revenue$218,539

XI-2 Total expenses$251,217

XI-3 Revenue less expenses−$32,678

XI-5 Net unrealized gains (losses) on investments$0

XI-6 Donated services and use of facilities$0

XI-7 Investment expenses$0

XI-8 Prior period adjustments$0

XI-9 Other changes in net assets$14,566

XI-10 Net assets at end of year−$12,404

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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