2025-11-17T19:54:05-08:00 2024-12-31 752593210 Sutton Frost Cary LLP 200 E Front St Suite 200 Arlington TX 76011 990 2024-01-01 954196238 PROSPANICA PROS 8662762140 11700 PRESTON RD STE 660 354 DALLAS TX 75230 THOMAS SAVINO CEO 2025-11-17 true true Carroll Elizabeth Arnott P01965628 8176498083 2024 2025-03-06 01:10:19Z THOMAS SAVINO 11700 PRESTON RD STE 660 354 DALLAS TX 75230 4353699 false X www.prospanica.org X 1988 TX THE ORGANIZATION'S MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC, AND SOCIAL POTENTIAL. 8 8 18 200 32890 223762 190430 2178346 1657036 426325 260383 120 91 2828553 2107940 102500 31000 0 1062746 1543628 0 441 2228952 2003316 3394198 3577944 -565645 -1470004 6428954 4853983 1170220 831115 5258734 4022868 X THE ORGANIZATION'S MISSION IS TO EMPOWER AND ENABLE HISPANIC PROFESSIONALS TO ACHIEVE THEIR FULL EDUCATIONAL, ECONOMIC, AND SOCIAL POTENTIAL. true false 1991101 The Prospanica Leadership Summit empowers Hispanic professionals, chapter leaders, members, and students by providing a platform for leadership development, networking, and skill-building. This event connects participants with industry leaders and experts, fostering growth opportunities and inspiring positive change in the Hispanic community. By investing in the advancement of Hispanic leaders, the Leadership Summit contributes to the overall growth and success of the community. 470560 1072057 The Prospanica National Conference is a premier event that brings together Hispanic professionals, students, and corporate partners to promote educational advancement, career development, and leadership within the Hispanic community. This event provides invaluable networking opportunities, professional development workshops, and access to resources that empower participants to achieve their career goals. 31000 31000 The Prospanica Scholarship Program supports Hispanic students pursuing undergraduate or graduate degrees in business and related fields. By providing financial assistance, this program helps students overcome financial barriers and achieve their academic goals. This, in turn, promotes the advancement of Hispanics in higher education and contributes to a more diverse and inclusive business landscape. 584979 Prospanica Local Chapter Events offer a platform for Hispanic professionals and students to connect, learn, and grow within their local communities. These events provide tailored educational programs, professional development opportunities, and access to valuable resources that enable participants to thrive in their careers. By fostering connections and empowering Hispanic professionals at the local level, these events contribute to the overall advancement of the Hispanic community and promote a diverse, inclusive business landscape. The Prospanica Center for Social Justice is dedicated to promoting equity, fairness, and inclusion within the Hispanic community and beyond. By addressing systemic barriers and challenges that impact Hispanics' ability to achieve their full potential, the Center works to create lasting, positive change in society. 584979 2492661 true true false false false false false false false false true false false false false true false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false true 1 0 true 18 true true true false false false false false false 0 false false false false false false false X 8 8 false false false false true true true true true false true false true true true true true true true true false CA X X AMANDA TOVAR 8662762140 11700 PRESTON RD STE 660 354 DALLAS TX 75230 THOMAS SAVINO CEO 40.00 0.00 X X 313259 0 14157 AMANDA TOVAR COO 40.00 0.00 X 200000 0 12850 MARIA LIMA VP OF FINANCE 40.00 0.00 X 149650 0 14353 ESTHER GONZALEZ VP-PROGRAMS/PARTN 40.00 0.00 150000 0 11889 RAQUEL SANTIAGO-MARTINEZ Treasurer 2.00 0.00 X X 0 0 0 KIRK SANTOR Director 2.00 0.00 X 0 0 0 JOE ZUBI Director 2.00 0.00 X 0 0 0 JIM HUERTA VICE CHAIR 2.00 0.00 X X 0 0 0 JANET SIMMS Chairman 2.00 0.00 X X 0 0 0 BILL SCHWARTZ Director 2.00 0.00 X 0 0 0 ELYSE ESTRADA Director 2.00 0.00 X 0 0 0 ERIKA CRAMER Secretary 2.00 0.00 X X 0 0 0 812909 53249 4 false true false COGENT GLOBAL SOLUTIONS INC 1550 LARIMER ST DENVER CO 80202 EVENTS SERVICES 125129 INCLUSIVE MANAGEMENT SERVICES 12917 ROYAL ASCOT DR FORT WORTH TX 76240 EVENTS SERVICES 106995 2 58265 132165 190430 ADVERTISING 32890 32890 ANNUAL CONFERENCE 541900 946069 946069 CAREER CENTER 541900 93098 93098 NATIONAL & CHAPTER EVENTS 541900 584979 584979 1657036 140543 140543 0 0 0 2365599 2244665 1094 120934 -1094 119840 119840 0 0 0 OTHER INCOME 900099 91 91 91 2107940 1624237 32890 260383 X 0 31000 31000 0 0 704267 422484 281783 0 647468 355945 291523 9059 5418 3641 42406 25386 17020 140428 93782 46646 0 59309 59309 28108 28108 0 0 0 891474 779652 111822 0 0 6812 6633 179 0 0 314863 194204 120659 0 507975 470560 36974 441 0 0 0 0 EQUIPMENT & FURNITURE 113227 90582 22645 MISCELLANEOUS 36644 2854 33790 SUPPLIES 20859 9586 11273 TELECOMMUNICATIONS 7342 7342 16703 4575 12128 3577944 2492661 1084842 441 1052618 1095014 0 0 97077 43203 0 0 0 0 65129 47269 16331 15587 3498 744 5180810 3553867 0 0 0 29822 113886 6428954 4853983 995225 656409 174995 174706 1170220 831115 X 5217699 3941047 41035 81821 5258734 4022868 6428954 4853983 -1470004 234138 X true X false true false X 304689 358233 478538 223762 190430 1555652 1014388 1790247 2247347 2092327 1657036 8801345 0 0 0 1319077 2148480 2725885 2316089 1847466 10356997 0 11196 6703 988 1704 20591 11196 6703 988 1704 20591 10336406 165135 126484 89047 427453 140543 948662 5985 54725 86267 86019 232996 171120 181209 175314 513472 140543 1181658 0 91 91 1490197 2329689 2901199 2829561 1988100 11538746 0.89580 0.89010 0.10240 0.10560 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16331 15587 744 744 X 2359696 234138 17618 251756 2107940 2107940 3595562 17618 17618 3577944 3577944 Part X : FIN48 Footnote PROSPANICA is exempt from federal income taxes under section 501(c)(3) of the Internal Revenue Code (Code). Therefore, the Foundation IS subject to federal income tax only on unrelated business income. THE FOUNDATION is NOT a private foundation as defined in the Code.GAAP requires the evaluation of tax positions taken in the course of preparing the FOUNDATIONs tax returns and recognition of a tax liability (or asset) if the FOUNDATION has taken an uncertain position that more likely than not would not be sustained upon examination by the Internal Revenue Service. Management has analyzed the tax positions taken by the Organization, and has concluded that as of December 31, 2024, there are no uncertain tax positions taken or expected to be taken that would require recognition of a liability (or asset) or disclosure in the financial statements. true 0 0 SCHOLARSHIPS TO BUS UNDER/POST GRAD 11 31000 Grantmaker's Description of How Grants are Used The Scholarship process is managed by a third-party vendor, ISTS. Funds are distributed and managed by ISTS and issued to the University that the student is attending. X X true X X X false false false false false false false false false AMANDA TOVAR COO 200000 8462 4388 212850 ESTHER GONZALEZ VP-PROGRAMS/PARTN 150000 3108 8781 161889 MARIA LIMA VP OF FINANCE 147650 2000 7482 6871 164003 THOMAS SAVINO CEO 280259 15000 18000 14157 327416 Part I, Line 1a: Relevant information in regards to selections on 1a. DISCRETIONARY SPENDING-THE CEO RECEIVEDS UP TO TWO AIRLINE TICKETS PER MONTH WIT A CAP OF $1,000(ONLY TRAVEL FROM/TO RESIDENCE IN CT AND OFFICE IN DALLAS.HOUSING ALLOWANCE/RESIDENCES FOR PERSONAL USE-CEO RECEIVES $18,000 ALLOWANCE PER YEAR FOR LODGING EXPENSES. Form 990, Part III, Line 2 we started to see an increase in our online webinar presence through the Latina Track. Form 990, Part VI, Section A, Line 7a MEMBERS ELECT NATIONAL BOARD OF DIRECTORS. Form 990, Part VI, Section A, Line 7b MEMBERS MUST APPROVE ANY BY-LAW CHANGES. Form 990, Part VI, Section B, Line 11b THE ORGANIZATION REQUIRES THAT THE BOARD REVIEW THE FORM 990 PRIOR TO FILING IT EACH YEAR AND HAS A DETAILED PROCESS AND PROCEDURES FOR THIS RESPONSIBILITY. THE COMPLETED FORM WILL BE PROVIDED TO THE AUDIT/GOVERNANCE COMMITTEE OF THE BOARD AND IT WILL BE REVIEWED BY ALL COMMITTEE MEMBERS. NEXT, ALL MEMBERS OF THE BOARD WILL RECEIVE THE FORM 990 FOR THEIR REVIEW. A BOARD/COMMITTEE RESOLUTION IS REQUIRED FOR THE FORM 990 FILING. Form 990, Part VI, Section B, Line 12c THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY. ANNUALLY, THE EMPLOYEES, BOARD OF DIRECTORS OF THE ORGANIZATION AND EACH CHAPTER MUST SIGN A WRITTEN STATEMENT OF COMPLIANCE AND DISCLOSURE. THE ORGANIZATION MONITORS THE COMPLIANCE AND ENFORCEMENT WITH THE POLICY BY REGULARLY REVIEWING THE POLICY AND UPDATING IT AS NECESSARY, COMMUNICATING ANY CHANGES TO EMPLOYEES AND BOARD OF DIRECTORS. THE ORGANIZATION HAS A HOTLINE VIA PHONE AND WEBSITE WHERE COMPLAINTS ARE TAKEN BY AN INDEPENDENT THIRD PARTY AND INVESTIGATED BY AN INDEPENDENT BOARD OF DIRECTORS' COMMITTEE. Form 990, Part VI, Section B, Line 15a THE ORGANIZATION HAS A POLICY AND PROCEDURES FOR COMPENSATION AND APPROVAL OF THE MANAGEMENT SERVICES PROVIDED, WHICH INCLUDES APPROVAL BY THE BOARD OF DIRECTORS AND INCLUDES COMPARING COMPENSATION DATA FROM SIMILAR NON-PROFIT ORGANIZATIONS AND CONTEMPORANEOUS SUBSTANTIATION OF THE PROCESS. Form 990, Part VI, Section C, Line 19 THE ORGANIZATION'S GOVERNING DOCUMENTS AND POLICIES ARE AVAILABLE ON THEIR WEBSITE. THE ANNUAL REPORT IS ALSO AVAILABLE AND FINANCIAL STATEMENTS ARE PROVIDED UPON REQUEST. MERGER In 2020 the NBOD voted to merge the C6 into the C3 as one entity. Effective 2022 tax year National Society of Hispanic MBAs (NSHMBA), Texas 501(c)(6) nonprofit was merged into NSHMBA Foundation, California 501(c)(3) nonprofit.