Better Business Bureau

Charity Contact Information BBB Wise Giving Alliance Comments Programs

Tax Status Governance Fund Raising Financial

Name:	Hispanic Alliance for Career Enhancement
Address:	100 S Wacker Suite 700
	Chicago, IL 60606
Phone:	312-435-0498
Web Address:	312.435.1494
Also known as: HACE

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

Standard 8: Program Service Expense Ratio - Spend at least 65% of its total expenses on program activities. Hispanic Alliance for Career Enhancement does not meet this Standard because: According to the its IRS Form 990-EZ for the fiscal year ended June 30, 2010, the organization spent $153,777 or 56% of its total expenses ($276,798) on program service activities. Standard 11: Financial Statements - Make available to all, on request, complete annual financial statements prepared in accordance with generally accepted accounting principles. When total annual gross income exceeds $250,000, these statements should be audited in accordance with generally accepted auditing standards. For charities whose annual gross income is less than $250,000, a review by a certified public accountant is sufficient to meet this standard. For charities whose annual gross income is less than $100,000, an internally produced, complete financial statement is sufficient to meet this standard. Hispanic Alliance for Career Enhancement does not meet this Standard because: It states it does not have audited financial statements for 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: Was not produced for the current fiscal 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, 312.435.1494, 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. The organization’s mailing address. Electronic access to the organization’s most recent IRS Form 990.

In addition, the BBB of Chicago & Northern Illinois requested but did not receive complete information on the organization’s governance and oversight, effectiveness measures, finances, solicitation materials, annual report, donor privacy, and fundraising disclosures and is unable to verify the organization's compliance with the following 12Standards for Charity Accountability: 1, 2, 4, 5, 6, 7, 10, 12, 15, 16, 18, and 19.

Hispanic Alliance for Career Enhancement meets the remaining 3 Standards for Charity Accountability. Please note that as of the date of this report 1 out of the 20Standards for Charity Accountability are not currently effective. As a result, this standard has not been applied to this evaluation.

HACE is a national nonprofit organization dedicated to the advancement of Latino professionals. For over 25 years, we have served as a resource for Latinos in the workplace and a source for expertise and insight for corporations seeking to access this growing community of professionals. We connect a national network of Latino professionals (in business, accounting/finance, education, engineering, human resources, information technology, marketing, etc.) to career enhancement opportunities to achieve the following objectives: Prepare pre-career Latinos for the professional workplace The majority of young Latinos in high schools and colleges throughout the U.S. are pioneers in that they are the first in their family to complete high school, enter college and begin their careers in a professional role. It is important for these young people to begin building their professional networks from an early age in order to be exposed to all the opportunities an education will afford them. To support student achievement in this area, we •Maintain partnerships with high schools, colleges and universities to deliver career skills programming for pre-career Latinos •Provide career coaching services to Latinos seeking to enter the professional workplace •Connect students to a network of professionals that will serve as mentors and sources Support Latino professionals in achieving their career goals Despite great strides, Latinos are still under represented in management and professional roles in most major corporations and institutions. Through skill enhancement, network building and direct referrals, HACE connects Latinos to exciting career development opportunities. •Provide professional development programming to enhance the skill sets of Latino professionals •Create opportunities for professionals to connect with people and resources that can serve to advance their careers •Serve as a source for jobs and career and leadership opportunities to professionals seeking to enhance their careers Make a positive impact to the American workplace through inclusion and diversity initiatives While most employers have come to greatly value the benefits that a diverse workforce can yield, the practice of workplace inclusion has yet to reach maturity. Many companies are in the early stages of figuring out how to integrate a global workforce into high achieving teams. There is much opportunity for growth and development in the field. Our focus is on helping committed employers recruit, retain and develop Latinos into professional roles. •Help companies recruit Latino talent through events, postings and candidate sourcing •Educate companies about Latino professionals to prepare them to properly include them in the workforce •Provide companies access to the Latino talent through branding and outreach opportunities

For the fiscal year ended June 30, 2010, Hispanic Alliance for Career Enhancement's program expenses were:

Other Expenses	123,025
Professional fees	17,041
Grants and similar amounts paid	12,500
Occupancy, rent, utilities, and maintenance	1,211
Total Program Expenses:	$153,777

Chief Executive :

Compensation*:

Chair of the Board:
Chair's Profession / Business Affiliation:

Board Size:

Paid Staff Size:

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

Method(s) Used:

Fund raising costs were 19% of related contributions. (Related contributions, which totaled $48,806, are donations received as a result of fund raising activities.)

The following information is based on Hispanic Alliance for Career Enhancement's IRS Form 990-EZ for the fiscal year ended June 30, 2010.

Source of Funds
Membership dues and assessments	334,865
Program Service Revenue	64,435
Net income or loss from special events and activities	40,721
Contributions, gifts, grants	8,085
Other revenue	412
Investment Income	8
Gain or loss from sale of assests other than inventory	-2,985
Total Income	$445,541

Uses of Funds as a % of Total Expenses

Programs: 56%  Fund Raising: 3%  Administrative: 41%

Total income				$445,541
	Program expenses			$153,777
	Fund raising expenses			9,145
	Administrative expenses			113,876
Total expenses				$276,798
Income in Excess of Expenses				168,743
Beginning net assets				(107,993)
Ending net assets				60,750
Total liabilities				214,218
Total assets				$274,968