nshmba annual report...• create e˚ective senior leader networks for’ our corporate,...
TRANSCRIPT
2014
NSHMBA Annual Report
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Meeting people from so many
di�erent places and forming
powerful connections is one
of the many things that make
NSHMBA great!
“
”
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About NSHMBAThe National Society of Hispanic MBAs (NSHMBA) was formed in 1988 as a non-pro�t organization. Widely known as the “Premier Hispanic Business Organization,” NSHMBA serves the Hispanic community through a national network of 40 chapters with more than 29,000 members and hundreds of community strategic partners across the United States and Puerto Rico. NSHMBA is dedicated to building and advancing Hispanic leadership, advocating the pursuit of higher education and providing its undergraduate and graduate members with world-class professional development and career management programs.
Our VisionTo be the premier organization for Hispanic business professionals.
Our Mission• Increase the number of Hispanics graduating from MBA schools through scholarships, awareness programs and mentorship
• Enhance opportunities for Hispanic MBA’s from school to leadership positions, through job placement and world class professional development
• To be the partner of choice for organizations seeking to hire and develop Hispanic talent
• Recruit and retain as life-long members a majority of Hispanic MBA’s
NSHMBA Strategic Objectives• Brand NSHMBA as the premier organization for Hispanic business professionals as the central gathering point for networking, professional development and job placement.
• Deliver world-class professional development to our membership through partnerships and co-branding programs with top tier organizations to serve our corporate, entrepreneurial, non-pro�t and government constituencies.
• Create e�ective senior leader networks for’ our corporate, entrepreneurial, non-pro�t and government constituencies.
• Signi�cantly increase the NSHMBA endowment and the funding of scholarships for Hispanic MBA students.
• Position and promote the chapters as the life blood of NSHMBA, while developing a culture of mutual accountability and a clear understanding of the service model among the board, national sta� and chapter leadership.
• Align the membership recruitment and retention model to ful�ll our mission of recruiting and retaining as life-long members more than 50 percent of all Hispanic MBAs.
• Diversify the funding sources of NSHMBA, including developing a clearing house for Hispanic executive talent and the piloting of regional conferences.
The NSHMBA Story2 0 1 4 A N N U A L R E P O R T
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About the National Society of Hispanic MBA’s
A Message from NSHMBAChief Executive O�cer, Manny Gonzalez
A Message from NSHMBANational Board Chair,Stuart Jara
Opportunities and Success 2014
The NSHMBA CorporateAdvisory Board
NSHMBA Scholarship &University PartnershipPrograms
NSHMBA University Partnersare Highly Respected by Industry Experts
NSHMBA’s National Presence-40 Chapters Across theCountry and Still Growing!
Conference Statisticsand Data
Partners of the 2014 AnnualNSHMBA Conference & Career Expo
2014 Brillante Winners
NSHMBA and NSHMBA Foundation Consolidated Statements of FinancialActivities and Changes in Net Assets
Table of Contents
2 0 1 4 N S H M B AA N N U A L R E P O R T
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The country’s economic shift, re�ective of the Hispanic purchasing power, is creating a new environment for NSHMBA. With the highest concentrated immigration movement our country is witnessing, Hispanics now share in the a�uence of the U.S. in proportion to their share of the population. This share in economic prosperity is due to increases in college degree attainment and leadership positions in Corporate America.
Our organizational evolution echoes our latest e�orts to foster U.S. Hispanic education while continuing to be the Premier Network for
Hispanic Business Professionals. Due to our active membership, ongoing foundation scholarships, and an aggressive corporate partners’ strategy - one thing is for sure, NSHMBA is in demand.
Last Spring, we introduced an unprecedented NSHMBA initiative, The National Hispanic & Empowerment Campaign, in which we asserted that the surest path for Hispanic social mobility and economic security is through education. It is in that same breath that I announce that NSHMBA will continue its expansive initiative as a more inclusive organization within the U.S. Hispanic community.
The growing interest from U.S. corporations looking to build a broader pipeline of talented and educated Hispanics, as well as the booming success of Hispanic entrepreneurs, is propelling NSHMBA to expand its programs and services to high school students, entrepreneurs, and executives. Although this may be perceived as a radical expansion, it is right in line with NSHMBA’s innovative strategies for growth. Our mission in the next �ve years aims to empower Hispanics, at all levels of educational and career attainment, to achieve their fullest socioeconomic potential.
On behalf of our Board of Directors, our leadership network, sta� and corporate and community partners, I welcome you to consider joining NSHMBA. Together we will work to strengthen the nation by expanding career mobility opportunities and improving education outcome for Hispanics as leaders in a global economy.
Manny GonzalezCEO
Message from CEO Manny Gonzalez2 0 1 4 A N N U A L R E P O R T
Dear Friends,
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Message from National Board Chair Stuart Jara2 0 1 4 A N N U A L R E P O R T
I am excited to report that the NSHMBA Board of Directors, the national sta� and our corporate and community partners have been hard at work on various fronts. I’d like to encourage everyone to continue carrying this momentum into building an expanded network. Continue to invest in your professional development and leverage the many tools NSHMBA has developed. I can tell you �rsthand that our corporate partners take notice in the investment our members make to gain additional skills and professional growth. Take what you experience and learn from NSHMBA back to your respective communities and inspire our youth.
As you will see, NSHMBA is continuing to invest in an unparalleled number of initiatives as the organization experiences an evolution and growth never before seen in its history. However, these resources will only be of value if we recognize their bene�ts and take advantage of them. It will be up to each of us to make sure we utilize these tools in order for Hispanics to gain a competitive advantage.
We’ve built critical mass and now the focus is on adding value for our current and prospective members. The next logical step is to expand NSHMBA programs and services to the greater U.S. Hispanic community. For some it may seem like a radical update, but the implications are exciting. The expanded direction is a response to the intellectual and cultural climate of the 21st century. We now have a more holistic, uni�ed e�¬ort to in�uence major economic, educational and social norms in the United States.
I ask that you continue to lend your support in the growth of our organization. Together we will have a lasting positive impact on the global economy.
Stuart JaraNational ChairNSHMBA
Dear NSHMBA Family & Friends,
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Board of Directors & Executive Management2 0 1 4 A N N U A L R E P O R T
Board of DirectorsNSHMBA Inc.Stuart Jara (Chair)
Lino N. Carrillo
Manuel Delgado
Rosanna Durruthy
Carmen Heredia Lopez
Anthony (Tony) B. Lopez
Nicolas Medina
Carlos Passi
Julio Rocha
Thomas M. Savino
Cory Shade
Board of DirectorsNSHMBA Foundation Board Carlos Passi (Chair)
Manual Gonzalez
Yvonne Martin
Executive Management TeamManny Gonzalez Chief Executive O�cer
Selene Benavides Chief Financial O�cer/ Chief Operation O�cer
Pedro Viera VP Marketing and Corporate Relations
Rafaela Schwan VP Programs and Development
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2014 Focus
N S H M B A ’ S V I S I O NI S S I M P L E .
To be the premier organization for Hispanic business professionals. To do so, this past year we identi�ed the following key initiatives that will ensure success:
• Focus on keeping conference relevant for partners and members
• Increase value proposition for members to retain and grow
• Grow and enable Chapters to drive increasing revenue and produce and deliver quality professional development and networking events
• Implement NSHMBA Academy
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Corporate Advisory Board2 0 1 4 A N N U A L R E P O R T
Corporate Advisory BoardThe NSHMBA Corporate Advisory Board was founded in October of 1998 to provide advice and counsel to NSHMBA on how to promote and further its mission beyond the 21st century. Its main objectives are to:
• Provide input on NSHMBA’s overall direction, focus and priorities • Strengthen the synergies between NSHMBA and its partners • Strengthen NSHMBA’s power and in�uence in businesses and other organizations
Thank you for your partnership and support! These corporations are dedicated and committed to the recruitment and retention of a diverse and inclusive workforce in partnership with NSHMBA.
2014 Corporate Advisory Board Members include:Abbott Laboratories
Accenture
American Airlines
Bank of America
Cigna
Dell, Inc.
Deloitte
Delta Air Lines Inc.
Dr. Pepper Snapple Group, Inc.
ExxonMobil Corporation
FINRA
Ford Motor Company
General Mills
Georgetown University
Humana
IBM
Intel Corporation
Johnson & Johnson
Merck & Co
Microsoft
Nationwide Insurance
Pepsi Co., Inc/Frito Lay
Pitney Bowes Inc.
Procter & Gamble
Society for Human Resource Management (SHRM)
Target
Tesoro
The Home Depot
The Walt Disney Company
UnitedHealth Group
United Technologies Corporation
University of Notre Dame, Mendoza College of Business
The University of Texas at Austin, McCombs School of Business
The University of Texas at San Antonio College of Business
The Vanguard Group, Inc.
Wells Fargo Bank
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NSHMBA Scholarship & University Partnership Programs2 0 1 4 A N N U A L R E P O R T
Platinum ($50,000 – $99,000)Target Corporation
Silver ($10,000 – $24,999)3M
Lincoln Motor Company
PNC Foundation
Advocate ($1,000 - $9,999)ADP
Brown Forman
CMN Cardenas Marketing Network
ExxonMobil
Grand Hyatt San Antonio
Marathon Oil Company
Marriott International
Wells Fargo Advisors, LLC
Wyndham Jade
Xerox Foundation
Corporate Donors
The National Society of Hispanic MBAs has teamed up with more than 77 colleges and universities across the nation to increase the number of Hispanic students completing master’s degrees. Financial assistance is made possible by the participating universities for outstanding Hispanics. NSHMBA is always seeking universities to help build a constant pipeline of talented Hispanics seeking MBAs. Developing close relationships with our university partners promotes NSHMBA’s mission and vision.
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NSHMBA’s University Partners o�er scholarship, fellowship, and assistantship support. The application process and type of assistance varies by MBA program. NSHMBA’s University Partnership Program participants are among some of the most highly respected universities by industry experts.
• More than half of our university partners were included on the U.S. News & WorldReport’s 2013 ranking of the top 100 MBA program in the U.S. in 2012.
• 7 out of 10 schools identi�ed by Hispanic MBA Magazine as the top MBA programs for Hispanics are NSHMBA University Partners.
• 27 NSHMBA University Partners were included in Business Week’s 2012 ranking of the top 57 MBA programs in the country.
Program Revenues NSHMBA
Foundation Scholars
Number of Students Awarded 40
Total Amount Funded $160,000
Average Student Award $4,000
Conference Scholarship Awards
Number of Students Awarded 166
Total Amount Funded $112,079
Average Student Award $675
GMAT Scholarship Program
Number of Students Awarded 39
Total Amount Funded $39,000
Average Student Award $1,000
Licoln MBA Scholarships
Number of Students Awarded 2
Total Amount Funded $20,000
Average Student Award $10,000
University Partnership Program
Number of University Partners 77
Number of Students Awarded 83
Total Amount Funded $1,203,800
Average Student Award $8,851
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Arizona:Arizona State University: W. P. Carey School of BusinessThunderbird: School of Global ManagementUniversity of Arizona: Eller College of Management
California:California State University Bakers�eld: School of Business and Public AdministrationChapman University: George L. Argyros School of Business and Economics University of San Francisco: Masagung Graduate School of Management
Colorado:University of Colorado at Boulder: Leed School of BusinessUniversity of Denver: Daniels College of Business
Connecticut:Yale University: School of Management
District of Columbia:American University: Kogod School of BusinessGeorgetown University: McDonough School of BusinessThe George Washington University: School of BusinessHoward University: School of Business
Florida:Barry University: Andreas School of BusinessFlorida International University: Chapman Graduate School of BusinessRollins College: Crummer Graduate School of BusinessStetson University: School of Business AdministrationThe University of Tampa: John H. Sykes College of BusinessUniversity of Central Florida: College of Business AdministrationUniversity of Florida: Warrington College of BusinessUniversity of Miami: School of Business AdministrationUniversity of South Florida: College of Business Administration
Georgia:Emory University: Goizueta School of Business
Hawaii:University of Hawaii: Shidler College of Business
Illinois:Illinois Institute of Technology: Stuart School of BusinessUniversity of Chicago: Booth School of BusinessUniversity of Illinois at Urbana-Champaign: College of Business
Indiana:Indiana University: Kelley School of BusinessPurdue University: Krannert School of ManagementUniversity of Notre Dame: Mendoza College of Business
Kentucky:Bellarmine University: W. Fielding Rubel School of BusinessThe University of Louisville: College of Business
Maryland:University of Maryland: Robert H. Smith School of Business
Massachusetts:Babson College: F.W. Olin Graduate School of BusinessBentley University: McCallum Graduate School of Business Boston College: Carroll School of ManagementBoston University: School of ManagementBrandeis University: International Business SchoolClark University: Graduate School of Management
Hult: International School of BusinessNortheastern University: Graduate School of Business AdministrationSimmons College: Simmons School of Management University of Massachusetts- Amherst: The Isenberg School of Management
Minnesota:University of Minnesota: Carlson School of ManagementUniversity of St. Thomas: Opus College of Business
Michigan:Grand Valley State University: Seidman College of BusinessMichigan State University: Eli Broad College of Business
North Carolina:Wake Forest University: Babcock Graduate School of Management
New Jersey:Rutgers, The State University of New Jersey: Rutgers Business School
New Mexico:University of New Mexico: Anderson School of Management
New York:Columbia University: Columbia Business SchoolCornell University: S.C. Johnson Graduate School of ManagementPace University: Lubin School of BusinessUniversity of Rochester: Simon Graduate School of Business
Ohio:Case Western Reserve University: The Weatherhead School of ManagementCleveland State University: Monte Ahuja College of BusinessThe Ohio State University: Fisher College of BusinessThe University of Akron: College of Business Administration University of Cincinnati: College of Business
Oregon: Willamette University: Atkinson Graduate School of Management
Pennsylvania:Drexel University: LeBow College of BusinessThe Pennsylvania State University: Smeal MBA ProgramUniversity of Pittsburgh: Joseph M. Katz Graduate School of Business
Texas:Rice University: Jesse H. Jones Graduate School of ManagementSt. Mary’s University: Bill Greehey School of BusinessTexas Christian University: M.J. Neeley School of BusinessThe University of Dallas: Satish & Yasmin Gupta College of Business The University of Houston at Victoria: School of Business AdministrationThe University of Texas at Austin: McCombs School of BusinessThe University of Texas at Brownsville: School of BusinessThe University of Texas at Dallas: Naveen Jindal School of ManagementThe University of Texas at San Antonio: College of Business
Virginia:George Mason University: School of ManagementCollege of William and Mary: Mason School of BusinessUniversity of Virginia: The Darden School of Business
Washington:University of Washington: Michael G. Foster School of BusinessUniversity of Washington - Bothell: School of Business
NSHMBA University Partners2 0 1 4 A N N U A L R E P O R T
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NSHMBA’s National Presence40 Chapters Across the Country
2 0 1 4 A N N U A L R E P O R T
Comprised of talented men and women49% Female51% Male46% 25 to 34 years of age32% 35 to 44 years of age
Working in a variety of top industries14% Financial Services Banking9% Technology 8% Education Non-pro�t
Highly educated1% Associate Degree 24% Bachelor’s Degree65% Graduate Degree MBA8% Graduate Degree (Non-MBA)3% Doctorate
Highly experienced29% 3 to 6 years33% 7 to 10 years 25% 11 to 15 years23% 16 to 20 years17% More than 20 years
NSHMBA o�ers both students and professionals a chance to reach their career potential through targeted professional development programs, peer and corporate networking opportunities, and job placement activities through our 40 local chapters in cities across the U.S. and Puerto Rico. Members enjoy unique leadership opportunities and multiple networking events that help them achieve the next level in their professional development.
46%Females
NSHMBA members are...
55%Males
56%MBA’s
44%Professional Executives/
Professionals
Students as consumers are... l
Thought leaders and role models of their professional generation
l Highly educated, motivated, and disciplined
l Leaders in their communities
l The fastest growing consumer market
l Highly loyal with strong brand a�nity
l Technologically savvy and well connected
l Entrepreneurial spirits who desire success in all they do
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Highlights from the NSHMBA 2014 Conference & Career Expo2 0 1 4 A N N U A L R E P O R T
Education Level
61%Graduate Degree (MBA)
28%
8% Graduate Degree (non-MBA)
3%
Bachelor Degree
Other
173 Exhibitors 4,550 Attendees 325+ Volunteers
Gender Make-Up
Professional Experience
24% less than 3 years
3-6 years
7-10 years
more than 11 years
45%19%12%
39%
61%Male
Female
increasein # of
students
14%increasein # of
job seekers
returning exhibitors
15% 77%
Attendee Breakdown
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2014 NSHMBA Conference and Career Expo Partners
2 0 1 4 A N N U A L R E P O R T
3M
Abbott Laboratories
Abbvie Inc.
Accenture
ALDI, INC.
Amazon Ful�llment
American Airlines
American University, Kogod
School of Business
Amgen
Babson College, F. W. Olin Graduate
School of Business
Bank of America
Barclaycard
Barry University, Andreas School
of Business
BASF
Becton Dickinson BD
Best Buy
bluera�a
Boehringer Ingelheim
Pharmaceuticals, Inc.
BP
Bristol-Myers Squibb
Campbell’s Soup Company
Capgemini
Carnegie Mellon University,
Tepper School of Business
Case Western Reserve University,
The Weatherhead School o
Management
Central Intelligence Agency (CIA)
Chapman University, Argyros
School of Business and Economics
Chevron
Chick-�l-A, Inc.
Cigna
Colgate-Palmolive
College of William and Mary,
Mason School of Business
Columbia University, Columbia
Business School
Comcast
Consumer Financial Protection
Bureau
Cornell University, The Johnson
School
CVS Caremark Corporation
Dell, Inc.
Delta Air Lines, Inc.
Diageo
Drexel University, LeBow College
of Business
Duke University, Fuqua School
of Business
E & J Gallo Winery
Education Pioneers
Educational Testing Service
Emory University, Goizueta
Business School
Express Scripts
ExxonMobil Corporation
Federal Bureau of Investigation
(FBI)
Federal Deposit Insurance Corporation
(FDIC)
Federal Reserve System
FINRA
Florida International University,
Chapman
Graduate School of Business
Ford Motor Company
Freddie Mac
GE
GE Capital
General Mills
General Motors
George Washington University,
School of Business
Georgetown University,
The McDonough School of
Business
GlaxoSmithKline
Grand Canyon University
GTECH
Henkel Corporation
Highmark Inc.
Howard University
Hult International Business School
Humana
IBM
Indiana University, Kelley School
of Business
Infosys Consulting, Inc.
Intel Corporation
Intercontinental Hotels Group
Resources, Inc. (IHG)
Iowa State University, College
of Business
JCPenney
Johns Hopkins University,
Carey Business School
Johnson & Johnson Family of
Companies
Leadership for Educational Equity
Liberty Mutual Group
Lincoln Motor Company
Lincoln Financial Group
Lockheed Martin
L’Oreal USA
M&T Bank
Manpower Inc.
Mars North America
McDonald’s Corporation
Mercedes-Benz Financial Services
Merck & Co
MGM Resorts International
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Michigan State University,
The Eli Broad Graduate School
of Management
Microsoft
Mission Campus Puerto Rico
MIT Sloan School of Management
Morgan Stanley
Nationwide Insurance
New York Life Insurance Company
Parker Hanni�n
Paychex, Inc.
PepsiCo
Pitney Bowes Inc.
PNC
PPL Corporation
Procter & Gamble
Prudential Financial
PSEG (Public Service Enterprise
Group)
Purdue University, Krannert School
of Management
QBE Insurance Corporation
Reasoning Mind, Inc.
Rice University, Jones Graduate
School of Management
Rutgers, The State University
of New Jersey, Rutgers Business
School Society for Human
Resource Management
State Farm Insurance
Target
TD Bank
Teach for America
Tenet Healthcare Corporation
Tennant Corporation
Tennessee Valley Authority
Tesoro
Texas A&M University Commerce
Texas Christian University,
Neeley School of Business
The Bill & Melinda Gates
Foundation
The Broad Residency
The Hartford Financial Services
Company
The Hershey Company
The Home Depot
The Ohio State University,
Fisher College of Business
The Pennsylvania State University,
Smeal College of Business
The PhD Project
The University of Chicago,
Booth School of Business
The University of Georgia,
Terry College of Business
The University of Iowa,
Henry B. Tippie School of
Management
Thunderbird School of Global
Management
Tulane University, Freeman School
of Business
Tyco International
U.S. Department of State
U.S. Postal Service
Uncommon Schools
United States Census Bureau
United States Securities and
Exchange
Commission (SEC)
United Technologies Corporation
UnitedHealth Group
University of Arizona, Eller College
of Management
University of California Davis
Medical Center
University of California, Irvine
University of Iowa, Tippie School
of Management
University of Maryland, Robert H.
Smith School of Business
University of Massachusetts -
Amherst, Isenberg School of
Management
University of Minnesota, Carlson
School of Management
University of Notre Dame,
Mendoza College of Business
University of Pittsburgh, Katz
Graduate School of Business
University of Rochester, Simon
Graduate School of Business
University of Southern California,
Marshall School of Business
University of Texas at Dallas,
Naveen Jindal School of
Management
University of Utah, David Eccles
School of Business
University of Virginia, Darden
School of Business
University of Wisconsin -
Madison USAA
Vanderbilt University, Owen
Graduate School of Management
Vanguard
VF Corporation
W. W. Grainger, Inc.
Walgreens
Washington University in St. Louis
Wellpoint, Inc.
Wells Fargo
Western and Southern Life
Yum! Brands, Inc
2014 NSHMBA Conference and Career Expo Partners2 0 1 4 A N N U A L R E P O R T
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The National Society of Hispanic MBA’s established the Brillante Awards for Excellence in 1989. The awards are a prestigious honor that recognizes the tremendous accomplishments of the individuals and organizations who strive to advance, inspire and motivate the next generation of leaders.
In addition to the honor received at NSHMBA’s Gala, winners receive a custom designed award, a seal to post on their website and recognition on NSHMBA’s website and in publications. Award winners also enjoy complementary conference registration, free airfare and hotel accommodations.
2014 Brillante Award Winners
Community ServiceJohn P. SantosAugustus Hawkins High School
CorporationBelinda ShannonAccepting the award for GKS
EducationDr. Frederico ZaragozaAlamo Community College District
Entrepreneur CategoryJavier SuarezC-Luxe Strategy
FounderJudge Nelson DiazBoard of Exelon
GovernmentClarence JohnsonAccepting the award Department of Defense
MilitarySantiago EreviaMedal of Honor Recipient
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NSHMBA’s Highest Honor:The Brillante Award
2 0 1 4 A N N U A L R E P O R T
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National Society of Hispanic MBA’s, Inc.and NSHMBA Foundation
Consolidated Statements of Financial Activities and Changes in Net Assets As of December 31, 2014 and 2013
CHANGES IN NET ASSETS 2014 2013
RevenuesConference $2,405,075 $2,834,175Chapter Events $648,930 $786,620Career Center $406,661 $366,916Advertising $343,860 $199,028In-Kind Contributions $316,799 $157,606Contributions $234,717 $260,404Interest $198,538 $163,627Membership $99,005 $80,979National Events $28,873 $50,895Other $3,316 $1,781Net Change in temporary $25,687 $48,144restricted net assets
TOTAL REVENUE $4,711.461 $4,863,887
Expenses
Program $3,657,595 $3,692,718General Administrative $1,347,627 $1,393,183Fundraising $284,246 $161,425
TOTAL EXPENSES $5,289,468 $5,247,326
Change in unrestricted net assets
Unrealized gain (loss) on investments $121,709 $696,568Realized gain and interest (loss) income $18,808 $1,851on investments
TOTAL INCREASE (DECREASE) IN $475,106 $311,278UNRESTRICTED NET ASSETS
Change in temporarily restricted net assets
Net assets released from restrictions $260,404 $212,260Net assets temporarily restricted $234,717 $260,404
NET INCREASE IN TEMPORARILY $25,687 $48,144RESTRICTED NET ASSETS
INCREASE (DECREASE) IN NET ASSETS $500,793 $359,422
NET ASSETS AT BEGINNING OF YEAR $7,861,297 $7,501,875
NET ASSETS AT END OF YEAR $7,360,504 $7,861,297
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NSHMBA has helped coach and
mentor me in my career search
way more than I expected -
landing me a great job.
“
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2014
The National Society of Hispanic MBAs450 E. John Carpenter Freeway, Suite 200Irving, Texas 75062
Main: 214.596.9338 Fax: 214.596.9325
w w w . N S H M B A . o r g