Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is at| Return Reference | Explanation |
|---|---|
| FORM 990 - ORGANIZATION'S MISSION | HACIA PROMOTES LEADERSHIP, ETHICAL PRACTICES, QUALITY, AND INTEGRITY IN THE CONSTRUCTION INDUSTRY THROUGH EXAMPLE, TRAINING AND COMMUNITY INVOLVEMENT. HACIAS MISSION IS TO PROVIDE A FORUM TO IMPROVE BUSINESS CONDITIONS FOR ITS MEMBERS THROUGH COOPERATIVE ACTION FOR THE BETTERMENT OF THE CONSTRUCTION INDUSTRY AND HACIA MEMBERS. |
| FORM 990, PAGE 2, PART III, LINE 2 | THE ASSOCIATION WAS ENGAGED TO ENSURE THAT CERTAIN CONSTRUCTION PROJECTS WITH THE CITY COLLEGES ARE IN COMPLIANCE WITH THE MINORITY BUSINESS REQUIREMENTS MANDATED BY THE CITY OF CHICAGO. THIS REVENUE SOURCE, HOWEVER, IS NOT REGULARLY CARRIED ON. NO WORK OF THIS TYPE HAS OCCURRED IN THE PAST AND IS NOT EXPECTED IN THE FUTURE. |
| FORM 990, PAGE 6, PART VI, LINE 6 | THE ASSOCIATION IS COMPRISED OF THREE (3) TYPES OF MEMBERSHIPS: REGULAR, ASSOCIATE, AND CORPORATE. REGULAR MEMBERS ARE A FIRM OR CORPORATION THAT IS AT LEAST 51% HISPANIC OWNED AND MANAGED. ASSOCIATE MEMBERS ARE ANY BUSINESS ENTITY NOT MEETING THE CRITERIA FOR REGULAR OR CORPORATE MEMBERSHIP BUT THE BOARD CONFERS AS BEING A GOOD BUSINESS RELATIONSHIP. CORPORATE MEMBERS ARE SINGLE BUSINESS ENTITIES. |
| FORM 990, PAGE 6, PART VI, LINE 7A | VOTING MEMBERS HAVE THE RIGHT TO ELECT THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 7B | WITHIN THE ORGANIZATION THERE ARE CERTAIN BOARD DECISIONS THAT REQUIRE APPROVAL OF THE ASSOCIATION'S MEMBERS. |
| FORM 990, PAGE 6, PART VI, LINE 11B | AN INDEPENDENT CERTIFIED PUBLIC ACCOUNTING (CPA) FIRM PREPARES THE ASSOCIATION'S FORM 990 AND SUBMITS THE FORM TO THE ASSOCIATION'S BOARD OF DIRECTORS (BOD) FOR REVIEW AND APPROVAL. THE BOD'S QUESTIONS AND COMMENTS ON THE FORM ARE DIRECTED BACK TO THE CPA FIRM FOR RESOLUTION. AFTER ALL DISCUSSION POINTS ARE RESOLVED, THE FORM IS FINALIZED AND PROVIDED TO THE EXECUTIVE DIRECTOR FOR FINAL REVIEW AND SIGNATURE PRIOR TO FILING. |
| FORM 990, PAGE 6, PART VI, LINE 12C | THE ASSOCIATION REVIEWS ALL CONTRACTS AND INVOICES, CHECKING TO SEE IF THERE ARE ANY CONFLICTS OF INTEREST VIOLATIONS REGARDING DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15A | THE ASSOCIATION DETERMINES SALARIES BASED ON THE BUDGETING PROCESS OF THE ASSOCIATION AS WELL AS OFFERING COMPARATIVE SALARIES IN REGARDS TO SIMILAR ORGANIZATIONS. SPECIFICALLY RELATING TO THE EXECUTIVE DIRECTOR, THE EXECUTIVE COMMITTEE DISCUSSES APPROVAL OF SALARY, BENEFITS AND ALL RELATED EMPLOYMENT AGREEMENT (CONTRACT) TERMS OF EMPLOYMENT, WITH FINAL APPROVAL BY THE BOARD OF DIRECTORS. |
| FORM 990, PAGE 6, PART VI, LINE 15B | THE ASSOCIATION DETERMINES SALARIES BASED ON THE BUDGETING PROCESS OF THE ASSOCIATION AS WELL AS OFFERING COMPARATIVE SALARIES IN REGARDS TO SIMILAR ORGANIZATIONS. ADDITIONALLY, THE EXECUTIVE DIRECTOR MAKES RECOMMENDATIONS TO THE FINANCE COMMITTEE. THE FINANCE COMMITTEE THEN PRESENTS THE PRE- APPROVED PROPOSED SALARY AMOUNTS TO THE BOARD OF DIRECTORS FOR FINAL REVIEW AND APPROVAL. |
| FORM 990, PAGE 6, PART VI, LINE 19 | THE ASSOCIATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND AUDITED FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. |
| FORM 990, PART XI, LINE 9 | FUNDRAISING EXPENSES NETTED ON THE TAX RETURN 151,650 FUNDRAISING EXPENSES NETTED ON THE TAX RETURN -151,650 |
| Software ID: | |
| Software Version: |