Passes our checks

Hispanic Entrepreneur Initiative Inc

EIN 84-3662332 · Boca Raton, FL

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

What it says it does

Develop Community Involvement for Hispanic Entrepreneurs

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

Good: 71 out of 100. Higher than 47% of charities in its peer group (community improvement, under $250k).

Reserves
10 of 35
Spendable reserves would cover 1.9 months of spending.
Debt
20 of 20
It owes 14% of what it owns.
Living within its means
15 of 15
Income exceeded spending by 3% of income.
Spending floor
15 of 15
100% of spending went to programs and raising each dollar of donations cost 0 cents.

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

Fair: 54 out of 100. Higher than 31% of charities in its peer group (community improvement, under $250k).

Independent board
5 of 25
0 of 12 voting board members are independent.
Conflict of interest policy
15 of 15
Has a written conflict of interest policy.
Whistleblower policy
8 of 8
Has a 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.
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

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

Programs described in its return (1)

$98,243 spent. 1. HEI launched monthly Round Tables for entrepreneurs in Plantation, attracting 250 attendees. 2. HEI presented at the 9th Annual Florida International Trade and Cultural Expo (FITCE) with 300 attendees. 3. HEI partnered with the City of Sunrise Government and conducted training for 120 entrepreneurs. 4. HEI co-founded the Finance and Economic Development Summit in Sunrise, attended by 200 participants. 5. HEI reached 350 entrepreneurs through the February 2024 Summit. 6. HEI is impacting over 1,400 entrepreneurs through the Summits workshops and programs.7. HEI received a grant and recognition from the Community Foundation Palm Beach County for its contributions to the Hispanic community and capacity-building efforts.

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

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 September 7, 2026.
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 September 30, 2026.
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 September 10, 2026.
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 September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since December 2019.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
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 7, 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.