UNITED STATES HISPANIC CHAMBER OF COMMERCE EDUCATIONAL FUND

Programs

1. Elevate together directly supports black and hispanic small business owners with the mission of helping local economies, fostering job creation, and helping to close the racial wealth gap. In partnership with the odp corporation and round it up america, the initiative helps support small businesses with five or fewer employees through technical assistance grants, programs, and mentorship.

   $469,950 spentof which $465,000 as grants
   30% of program spending

2. Supplier avanzando program is a cohort-based program designed for certified suppliers looking to compete successfully in the supply chain landscape and learn the skills necessary to meet complex supplier requirements, domestically and internationally.

   $345,455 spent
   22% of program spending

3. Mbda capital readiness program provides targeted technical assistance and programming for small businesses and entrepreneurs seeking to scale their businesses with various forms of capital, facilitates introductions with government programs, such as state small business credit initiative (ssbci), and accelerates the capacity and growth of small businesses in line with the mission of our organization and that of the capital readiness program.

   $292,678 spentof which $190,000 as grants
   18% of program spending

4. Chamber community grant program partners with organizations committed to supporting the small business and entrepreneur ecosystem through chamber investments with local chambers.

   $110,000 spentof which $110,000 as grants
   7% of program spending

5. Avanzar ("to advance" in spanish) is a six- to eight-month business accelerator program designed to take hispanic businesses to the next level with curated skills-building sessions, resources, tools, and an action plan to position participants for success. Avanzar participants will come away with an updated business plan, knowledge of how best to access capital for their business, and workshops aimed at strengthening operations and marketing capabilities to support their vision of scaling their business.avanzar was launched in 2019 thanks to the investment and partnership of wells fargo. Since 2019, avanzar has expanded to support hispanic businesses in additional cities and regions, thanks to support from usaa and philip morris international, who have joined wells fargo in the mission to advance hispanic businesses ready to grow with avanzar.

   $109,891 spentof which $100,000 as grants
   7% of program spending

6. In her footsteps is a movement to highlight latina leadership through personal stories of triumph, inspiration, and resilience. This initiative aims to provide the community with helpful information, resources, and strategies to support entrepreneurs and executives through the contributions of latina leaders across all sectors.in her footsteps was initially launched in 2018, thanks to the partnership and community investments of bank of america to develop a podcast to feature latina executives from all sectors to share what it's like to follow in her footsteps. The podcast has since become a digital series launching later this year and will feature 10 latina entrepreneurs on what they have learned running and growing a business, including topics such as access to capital and balancing their family and business needs.the ushcc educational fund is looking to expand its programming to address opportunities to uplift latinas across all sectors and develop a space to nurture and support their journey.

   $16,300 spent
   1% of program spending

7. The ushcc green builds business program seeks to offer hispanic businesses to become green suppliers and being part of the solution to transform the supply chain with proven green best practices. Program participants receive business coaching on how to identify, design, and implement green projects with an aim to achieve a triple bottom line of results that lower costs, reduce environmental impacts, and support the well-being of communities. This program was launched with the support of toyota committed to greening the supply chain at their organization and by investing in hispanic suppliers interested to learn how to integrate green best practices into their business operations.

   $13,537 spent
   1% of program spending

8. Others

   $233,648 spentof which $7,269 as grants
   15% of program spending

The 8 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $1,591,459.