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Wisconsin · Nonprofit

HMONG WISCONSIN CHAMBER OF COMMERCE INC

HMONG WISCONSIN CHAMBER OF COMMERCE INC (Wisconsin) receives grants from 4 organizations whose IRS filings report $817,931 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($705,000). 1 of them have funded it in more than one year.

Revenue FY2024
$3.9M
Funders on record
4
Grants received
$818k
Net assets
$4.1M
1/4 repeat funderspeak grant-dependency 94%
01What it does

What Hmong Wisconsin Chamber of Commerce Inc does

Mission

Hwcc is a community development financial institution (cdfi) providing economic development assistance in business planning, market analysis, marketing strategies, effective day-to-day business operations and much more. Hwcc acts as an advocate for the hmong and asian american communities in wisconsin regarding business and economic issues. Furthermore, hwcc is a forum for hmong and asian american entrepreneurs to discuss successes and challenges, offering support resulting in a win-win for all of wisconsin.

As stated on its FY2024 Form 990.

Program

  1. The hmong wisconsin chamber of commerce (hwcc) delivers integrated access to capital and business technical assistance to underserved small businesses across wisconsin. As a certified cdfi, hwcc provides micro and small business loans. In the reporting year, hwcc disbursed over $1,178,000 in loans to 12 entrepreneurs, maintaining a portfolio-wide default rate under 12%. Hwcc also supported approximately 129 entrepreneurs and businesses through one-on-one consulting, financial coaching, training workshops, and loan readiness services. This program advances financial inclusion, business growth, and economic resilience for underserved entrepreneurs.

    $2,309,880 spentof which $236,250 as grants$1,329,669 earned by the program
    100% of program spending

The program described on its FY2024 Form 990. Program spending in total: $2,309,880.

02The organization over time

The organization over time

Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.

100 = 20172017 Revenue 100 ($383k) Expenses 100 ($323k) Net assets 100 ($623k)2018 Revenue 138 ($529k) Expenses 123 ($396k) Net assets 121 ($756k)2019 Revenue 178 ($684k) Expenses 157 ($505k) Net assets 151 ($939k)2020 Revenue 267 ($1.0M) Expenses 145 ($469k) Net assets 232 ($1.4M)2021 Revenue 157 ($601k) Expenses 183 ($589k) Net assets 227 ($1.4M)2022 Revenue 625 ($2.4M) Expenses 224 ($723k) Net assets 499 ($3.1M)2023 Revenue 691 ($2.6M) Expenses 814 ($2.6M) Net assets 503 ($3.1M)2024 Revenue 1029 ($3.9M) Expenses 828 ($2.7M) Net assets 650 ($4.1M)
'17'18'19'20'21'22'23'24
Revenue (1029)Expenses (828)Net assets (650)Peer revenue range

Balance sheet

Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $4.6M to $6.6M (+44%).

$979k
$1.1M
$1.2M
$2.0M
$1.8M
$3.6M
$4.6M
$6.6M
'17'18'19'20'21'22'23'24
Total assetsTotal liabilities

How it's funded, over time

Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.

2017
2018
2019
2020
2021
2022
2023
2024
ContributionsProgram revenueInvestmentOther

Government-grant reliance: 2017 82% · 2018 87% · 2019 7% · 2020 43% · 2021 64% · 2022 94% · 2023 52% · 2024 64%. Grants only. Government contracts and fees sit inside program revenue.

65% of HMONG WISCONSIN CHAMBER OF COMMERCE INC’s revenue is contributions — more donation-reliant than the typical peer (61% for the typical peer).

This organization
Typical peer · 4,434 orgs

Surplus & reserves

Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 8 reported years ran a deficit.

$60k
’17
$133k
’18
$179k
’19
$552k
’20
$12k
’21
$1.7M
’22
$21k
’23
$1.3M
’24
8.7
months of
reserve

Leadership and staff

The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.

Chief executive

Maysee Herr

CEO

As listed on its FY2024 Form 990.

'17'18'19'20'21'22'23'24
Listed1314131413131615
Joined·+4+2+4+3+1+3+3
No longer listed·3334104
03Who funds it

Who funds it, year by year

2019 → 2021: the base held at 1 funder, grant income fell $640k → $65k.

From the IRS filings of HMONG WISCONSIN CHAMBER OF COMMERCE INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

How concentrated its funding is

HMONG WISCONSIN CHAMBER OF COMMERCE INC leans on a few funders — its largest provides 86% of grant income and the top three 99%; half comes from just 1 funder.

the vertical line marks half of all grant income — 1 funder to its left

100% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund HMONG WISCONSIN CHAMBER OF COMMERCE INC.

86%
largest funder
99%
top three
~1
effective funders

Largest funder’s share by year: 2019 100% · 2020 53% · 2021 100% — broadly stable.

“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

Where its funders are

HMONG WISCONSIN CHAMBER OF COMMERCE INC draws 92% of its grant income from funders outside Wisconsin, across 3 states in all.

WI
NY
DC

In-state vs out-of-state, by year

’19
’20
’21
Wisconsin out of state home

Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.

04Its place in the field

Against its field

HMONG WISCONSIN CHAMBER OF COMMERCE INC runs a healthier operating margin than three-quarters of the 4,203 community improvement nonprofits its size.

Operating margin32% · top quartile
Months of reserve8.7mo · above the median
Revenue growth (annualized)40% · top quartile

this organization peer median middle 50% of peers· 4,203 community improvement nonprofits $1M–$10M, FY2024

Government funding HMONG WISCONSIN CHAMBER OF COMMERCE INC receives

Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $400k on record.

Federal$400k
grants $400kcontracts $0
18
19
Top agencies
  • Department of the Treasury$400k

Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.

Organizations like HMONG WISCONSIN CHAMBER OF COMMERCE INC

Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.

In Wisconsin

Nationally

05Profile & governance

Read directly from this organization’s own Form 990, as neutral context.

Governance

13
board members
100%
independent
✓Conflict-of-interest policy–Whistleblower policy✓Document retention✓Board reviewed the 990–Audited financials

Screen this organization

A dated, signed PDF of the compliance screen for HMONG WISCONSIN CHAMBER OF COMMERCE INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.

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Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf

Questions and answers

Who funds HMONG WISCONSIN CHAMBER OF COMMERCE INC?
HMONG WISCONSIN CHAMBER OF COMMERCE INC (Wisconsin) receives grants from 4 organizations whose IRS filings report $817,931 to it, the largest being LOCAL INITIATIVES SUPPORT CORPORATION ($705,000). 1 of them have funded it in more than one year.
How many funders does HMONG WISCONSIN CHAMBER OF COMMERCE INC have?
IRS filings report 4 organizations giving $817,931 in grants to HMONG WISCONSIN CHAMBER OF COMMERCE INC, 1 of which have funded it in more than one year.
Who is the largest funder of HMONG WISCONSIN CHAMBER OF COMMERCE INC?
LOCAL INITIATIVES SUPPORT CORPORATION is the largest funder on record, with $705,000 in grants. The full list of funders is on this page.
How can an organization like HMONG WISCONSIN CHAMBER OF COMMERCE INC find more funders?
Start with the funders already giving here, then look at the foundations that back similar organizations in Wisconsin. The funding by cause and by state pages list the largest funders for a given area and how to approach them.

These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2017–2024), and the filings of 4 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing