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Top Rated

Hispanic Federation

CharityWatch report issued
October 2022

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
88%
Program Percentage
Amount spent on programs
relative to overhead.
 
$5
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Hispanic Federation
55 Exchange Place
5th Floor
New York, NY 10005

Other Names

UNIDOS Disaster Relief and Recovery Program

Tax Status

501(c)3

Stated Mission

To empower and advance the Hispanic community.

View similar charities
Data based on Fiscal Year Ended 12/31/2021

Program Percentage: 88%

The percentage of Hispanic Federation's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$35,000,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $5

How many dollars Hispanic Federation spends on fundraising to raise each $100 of contributions.

$37,000,000

Calculated Total Contributions

(rounded)

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Hispanic Federation IRS Form 990 13-3573852
Hispanic Federation Audited Financial Statements 13-3573852
Entity: Hispanic Federation
Document Type: IRS Form 990
Tax ID: 13-3573852
Entity: Hispanic Federation
Document Type: Audited Financial Statements
Tax ID: 13-3573852

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Hispanic Federation
meets governance benchmarks.
 
Hispanic Federation
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy No Sharing  

  Name Title Compensation
1 Frankie Miranda President $341,642
2 Brent Wilkes Senior VP, Strategy $219,727
3 Doris Guzman Senior VP, Finance $205,168
1
Name: Frankie Miranda
Title: President
Compensation: $341,642
2
Name: Brent Wilkes
Title: Senior VP, Strategy
Compensation: $219,727
3
Name: Doris Guzman
Title: Senior VP, Finance
Compensation: $205,168

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

According to the Hispanic Federation audited Statement of Activities for the year ended December 31, 2021, the Federation reports receiving in-kind donations on which it placed a total value of $1,786,969.

[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found on the Our Process page.]

According to the Hispanic Federation audit of December 31, 2021 (Note 7, Paycheck Protection Program Loan):

"During the year ended December 31, 2020, the Organization obtained a loan from the Small Business Administration ('SBA') through the Paycheck Protection Program ('PPP'). Terms of the loan indicated that if certain conditions were met, which included maintaining average work forces during periods subsequent to receipt of the loan funds that were not less than pre-determined historical periods, that the loan, or a portion thereof, would be forgiven.

"The Organization accounted for the PPP loan...as a conditional contribution. During the year ended December 31, 2021, the Organization met all conditions for forgiveness and recognized the forgiveness of the loan as revenue. On April 7, 2021, full forgiveness including interest was approved by the SBA."

[Note: According to the Hispanic Federation audited Statement of Activities for the year ended December 31, 2021, the Federation reports a "Paycheck Protection Program grant" in the amount of $940,335 under "Revenue and support."]

According to the Hispanic Federation audit of December 31, 2021 (Note 14, Other Matters):

"On January 30, 2020, the World Health Organization declared the coronavirus outbreak a 'Public Health Emergency of International Concern' and, on March 10, 2020, declared it to be a pandemic. Actions taken worldwide to help mitigate the spread of the coronavirus include restrictions on travel, quarantines in certain areas, and forced closures for certain types of public places and businesses. The coronavirus and actions taken to mitigate it have had and are expected to continue to have an adverse impact on many countries' economies and financial markets, including the geographical area in which the Organization operates. As of the date of these [audited] financial statements [May 10, 2022], many of the travel restrictions and stay at home orders have been lifted; however, supply chains remain impacted. Management continues to monitor the outbreak; however, the potential impact cannot be quantified as of the date of these financial statements."


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