Hispanic Restaurant Association EIN 86-2313981

Hispanic Restaurant Association

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Helps Hispanic restaurant owners and chefs succeed by providing education and advocacy. For fiscal year 2023 it reported $219K in revenue, $251K in expenses, and $-12K in net assets.Pt I

Type
Membership association · Community Development
Location
Centennial, CO
Filings
2 on file (2022–2023)
Revenue
$219KFY2023
Expenses
$251K
Net assets
$-12K
People
4
Filings
2
Updates
0
More identity details & actions ⌄
EIN  86-2313981 Membership association Centennial, CO
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps Hispanic restaurant owners and chefs succeed by providing education and advocacy.
Leadership
Fernando Stovell · Director and Consultant · $57K
Money in and out
$219K revenue, $251K expenses
Bottom line
-15% operating surplus
Membership & operating revenue · FY2023
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$-12K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$33K
Where spending went · Part IX cols B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Operating surplus
-15%
revenue over expenses▼ -150% vs prior filing year
Earned revenue
21%
of revenue from program services & dues
Payroll share
33%
of spending is salaries & benefits

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$219K
FY2023▲ +85%
Total revenue
$219K
Pt VIII · Ln 12
Total expenses
$251K
Pt IX · Ln 25
Net assets
$-12K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$33K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B70%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

3 program services account for $176K of program spending, described in the organization's 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

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CHispanic Restaurant Association
EINHdr · item D86-2313981
Principal addressHdr · item CCentennial, CO
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCO
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S03)
Ruling yearIRS BMFJun 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director and Consultant
$56,832Pt VII · Sec A
Culinary Director
$25,474Pt VII · Sec A
$0Pt VII · Sec A
Chief Technology Officer
$0Pt VII · Sec A

Fernando Stovell’s $57K as Director and Consultant is at the 35th percentile of top reported officer pay among 1711 $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.

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Statement of Revenue

Part VIII
Contributions & grants$172K · 79%
Program service revenue$47K · 21%
Contributions & grants79%$172K
Program service revenue21%$47K
Total revenueLn 12$219K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.70 Management & general $0.23 Fundraising $0.07
Program services70%$176K
Management & general23%$57K
Fundraising7%$18K
Total functional expensesLn 25$251K

Balance Sheet

Part X · end of year
CashLn 1$3K
Total assetsLn 16$36K
Total liabilitiesLn 26$48K
Total net assetsLn 32$-12K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $3K · Operating expenses/yr $251K
0.2 months
Where the money goes
Program services
Program services $176K · Total expenses $251K
70%
Management & General
Management & general $57K · Total expenses $251K
23%
Fundraising
Fundraising $18K · Total expenses $251K
7%
Cost to raise $1
Fundraising expense $18K · Solicited contributions $172K
$0.11 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $172K · Total revenue $219K
79%
Government reliance
Government grants $0 · Total revenue $219K
0%
Earned-income share
Program service revenue $47K · Total revenue $219K
21%
Investment reliance
Investment income $0 · Total revenue $219K
0%
Program self-sufficiency
Program service revenue $47K · Total expenses $251K
19%
Growth & trend
Revenue growth (YoY)
This year $219K · Prior year $118K
+85%
Net-asset trend (YoY)
End of year $-12K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $219K · Expenses $251K
-15%
Liabilities-to-Assets
Total liabilities $48K · Total assets $36K
135%
Net-asset ratio
Net assets $-12K · Total assets $36K
-35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $36K
0%
People & payroll
Highest Reported Total Compensation
Individual Fernando Stovell · Reported title Director and Consultant · Highest reported compensation $57K · Total expenses $251K
23%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $82K · Total expenses $251K
33%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 70%
Overhead ratio 23%
Fundraising cost ratio 11%
Revenue growth 85%
Investment management fee ratio 0%
Legal fee ratio 0.1%
Accounting fee ratio 0.3%
Fundraising fee ratio 0%

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
FY2023 (Latest)$219K revenue · viewing · ⤓ 990 PDF
FY2022$118K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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