Public Charity

WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION

WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION, of GRAND RAPIDS, MI, is a Public Charity tracked in Imperigo's IRS 990 database. The 2024 filing shows $2.4M in revenue, $1.5M in expenses, $2.2M in total assets. 11 publicly reported grants to this organization, totaling roughly $653K, appear in IRS filings.

EIN: 275303783 GRAND RAPIDS, MI Economic Development NTEE: S30 Latest filing: 2024
Total Revenue$2.4M
Total Expenses$1.5M
Total Assets$2.2M
Grant Records11
Funding Total$653K
Filing Years2019–2024

Mission

THE FOUNDATION PROMOTES ECONOMIC DEVELOPMENT BY FOSTERING THE NEXT GENERATION OF NEW BUSINESSES AND CREATING RELATED EMPLOYMENT OPPORTUNITIES.

Where $100 goes at West Michigan Hispanic Chamber of Commerce Foundation

How West Michigan Hispanic Chamber of Commerce Foundation divides every $100 it spends, from its own Form 990 filings, averaged across 6 years.

$97 Programs the work itself
$3 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $97 for programs

$72
The foundation supports the west michigan hispanic chamber of commerce and other organzations with similar missions, to increase economic advancement of hispanic owned businesses and to assist the…
74% of program spending
$23
Talent development through education exists to build a pipleline that connects latinx college students with area employers
24% of program spending
$2
Business development exists to revitalize latinx business community through education and bringing tools to latinx businesses
2% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

BOARD VICE-C Brad Laackman
BOARD MEMBER Caryn Zavala
PRESIDENT & Guillermo Cisneros
BOARD MEMBER Isabel Medellin
BOARD MEMBER Ismael Abreu
BOARD MEMBER Juan Carlos Hernandez

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$526,250 6 grants
Health & Medicine
$7,500 1 grant
Unspecified
$119,194 4 grants

Financial Trends

Year Revenue Expenses Assets
2024 $2.4M $1.5M $2.2M
2023 $387K $533K $491K
2022 $743K $573K $975K
2020 $491K $566K $426K
2019 $196K $217K $164K

Between 2019 and 2024, reported annual revenue grew from $196K to $2.4M (+1148%), with total assets most recently reported at $2.2M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for WEST MICHIGAN HISPANIC CHAMBER OF COMMERCE FOUNDATION

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