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Passes our checks

Virginia Hispanic Chamber Foundation Inc

EIN 31-1797590 · N Chesterfld, VA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair59 out of 100GovernanceWeak47 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

The mission of the Virginia Hispanic Chamber of Commerce Foundation (VAHCCF) is to provide the Hispanic community with education and information to successfully integrate themselves into the Commonwealth of Virginia..

Income
$207,211
Spending
$273,818
Spent on programs
82%
Reserves
7.6 months of spending
Largest source of income
donations and private grants, 100%
Employees
0
Volunteers
50
Highest pay
$78,000, director

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 59 out of 100. Higher than 29% of charities in its peer group (arts and culture, under $250k).

  • Reserves

    28 of 35

    Spendable reserves would cover 7.6 months of spending.

  • Debt

    16 of 20

    It owes 18% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 32% of income.

  • Income trend

    0 of 15

    Income fell 55% on the year before.

  • Spending floor

    15 of 15

    82% of spending went to programs and raising each dollar of donations cost 9 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 47 out of 100. Higher than 22% of charities in its peer group (arts and culture, under $250k).

  • Independent board

    25 of 25

    5 of 7 voting board members are independent.

  • Conflict of interest policy

    0 of 15

    Reports no written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $116,026 spent. Our Bilingual Business Development Center provides bilingual counseling and educational workshops to individuals interested in starting and growing their business. Complemented with outreach and networking events to facilitate connections with the Hispanic community and aid in business development.Provided TrabajaVA, our job matching platform which helps match regional employers with hispanic job seekers.
  2. $82,000 spent. Pasaporte a la Educacion program furthered the Foundation's objective to keep Hispanic students on the path to higher education and skill-sets certification, addressing the hurdles that Hispanic students face in a caring and culturally relevant way. Served students in the City of Richmond and County of Chesterfield public schools; over 100 students participated in bilingual leadership mentoring programs in elementary, middle, and high schools.
  3. $26,000 spent. Our Legal and civil Assistance Clinics helped low income individuals with immigration and civil issues. Over 3,000 hours were donated by local attorneys and volunteers.Held dental clinics and matched dental providers with members of hispanic community.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since July 2002.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.