Better Business Bureau Report for
Hispanic Alliance for Career Enhancement

Better Business Bureau Report issued January 2017
Better Business Bureau Report expires January 2019


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: Hispanic Alliance for Career Enhancement
Address: 100 S Wacker
Suite 700
  Chicago, IL 60606
Phone: 312-435-0498
Web Address: http://www.haceonline.org/
Also known as:HACE
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Better Business Bureau Comments

Year, State Incorporated: 1983, Illinois
Affiliates: None
Stated Purpose: To positively impact the American workplace by cultivating the pipeline of Latino talent and providing Latino professionals the insight, access, and support to be successful in their careers.

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Evaluation Conclusions

              

Hispanic Alliance for Career Enhancement does not meet the following 4 Standards for Charity Accountability.

Standard 3: Frequency and Attendance of Board Meetings - An organization shall have a minimum of three evenly spaced meetings per year of the full governing body with a majority in attendance, with face-to-face participation. A conference call of the full board can substitute for one of the three meetings of the governing body. For all meetings, alternative modes of participation are acceptable for those with physical disabilities.

Hispanic Alliance for Career Enhancement does not meet this Standard because:

  • The board of directors did not hold a minimum of three evenly spaced meetings in the past fiscal year.

Standard 14: Budget - Have a board-approved annual budget for its current fiscal year, outlining projected expenses for major program activities, fund raising, and administration.

Hispanic Alliance for Career Enhancement does not meet this Standard because, when the organization provided budget information, it indicated that the budget:

  • Did not identify total projected fund raising expenses.
  • Included total projected program service expenses, however, did not break these expenses down by major program category.

Standard 16: Annual Report - Have an annual report available to all, on request, that includes: (a) the organization's mission statement, (b) a summary of the past year's program service accomplishments, (c) a roster of the officers and members of the board of directors, (d) financial information that includes (i) total income in the past fiscal year, (ii) expenses in the same program, fund raising and administrative categories as in the financial statements, and (iii) ending net assets.

Hispanic Alliance for Career Enhancement does not meet this standard because:

  • The organization states it does not have an annual report covering activities conducted in the past year.

Standard 17: Web Site Disclosures - Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.

Hispanic Alliance for Career Enhancement does not meet this Standard because the organization's website, http://www.haceonline.org/, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:

  • Total income.
  • Total program expenses.
  • Total fund raising expenses.
  • Total administrative expenses.
  • End of year net assets.
  • Electronic access to the organization’s most recent IRS Form 990.
Hispanic Alliance for Career Enhancement meets the remaining 16 Standards for Charity Accountability.
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Programs

              

The Hispanic Alliance for Career Enhancement (HACE) is a national non-profit dedicated to the employment, development, and advancement of current and aspiring Latino professionals. For over 32 years, HACE has served as a resource for Latinos in the workplace and a source of expertise and insight for corporations seeking to access them. Through professional development, resources and networks, and by facilitating access to meaningful career opportunities, HACE helps Latinos succeed in every phase of their careers. With a network of over 42,000 members across the country, HACE works with employers to remain competitive in an increasingly dynamic economy by helping them attract, develop and retain Latino and diverse professionals.

For the fiscal year ended June 30, 2015, Hispanic Alliance for Career Enhancement's program expenses were:

  
Diversity Services 235,618
Colleges & High Schools 110,969
Annual Career Conference 90,185
Total Program Expenses: $436,772
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Governance

              

Chief Executive : PATRICIA MOTA, PRESIDENT
Compensation*: 

Chair of the Board: OLGA CAMARGO, Chair
Chair's Profession / Business Affiliation: Managing Partner at TOROSO Investments, LLC

Co-Chair of the Board : Delia Gutierrez McLaughlin

Chair's Profession / Business Affiliation: CEO of Coda Consulting Group

Board Size: 14

Paid Staff Size: 5

*Compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

              

Method(s) Used:

direct mail, grant proposals
Fund raising costs were 27% of related contributions. (Related contributions, which totaled $218,959, are donations received as a result of fund raising activities.)
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Tax Status

              

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

              

The following information is based on Hispanic Alliance for Career Enhancement's audited financial statements for the fiscal year ended June 30, 2015.

Source of Funds  
Corporate Membership 317,445
Contributions and Grants 180,195
HACE Services 168,847
Annual Career Conference 53,020
Networking Events 19,900
Fundraising Events 18,864
Other 4,334
Total Income $762,605


chart



Uses of Funds as a % of Total Expenses

Programs: 74%  Fund Raising: 10%  Administrative: 16% 

Total income $762,605
Program expenses $436,772
Fund raising expenses 58,256
Administrative expenses 96,225
Total expenses $591,253
Income in Excess of Expenses 171,352
Beginning net assets (22,147)
Ending net assets 149,745
Total liabilities 37,064
Total assets $186,809


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

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