2012 ANNUAL REPORT
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
HACR 2012 Annual Report Index ABOUT HACR AND FACTS ABOUT HISPANICS IN THE U.S. . . . . . . . . . . . . . . . . . . . . . . . 3 A LETTER FROM HACR’S PRESIDENT & CEO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2012 HACR BOARD OF DIRECTORS & COALITION MEMBERS. . . . . . . . . . . . . . . . . . . . . . 6 2012 HACR CORPORATE MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 THE 20th ANNUAL HACR SYMPOSIUM: THE POWER OF HISPANIC INCLUSIONTM . . . . . . . . . . . 8 THE HACR CEO ROUNDTABLE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 THE HACR CORPORATE DIRECTORS SUMMIT TM. . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 THE HACR CORPORATE EXECUTIVES FORUM TM. . . . . . . . . . . . . . . . . . . . . . . . . . . . .13 THE HACR CORPORATE ACHIEVERS SUMMIT . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 THE HACR YOUNG HISPANIC CORPORATE ACHIEVERS TM. . . . . . . . . . . . . . . . . . . . . . . . 17 2012 HACR EVENT GALLERY. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .19 STATEMENT OF FINANCIAL POSITION . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .21 2011 HACR FINANCIALS. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22
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Hispanic Association on Corporate Responsibility Founded in 1986, the Hispanic Association on Corporate Responsibility (HACR) is one of the most influential advocacy organizations in the nation representing 16 national Hispanic organizations in the United States and Puerto Rico. Our mission is to advance the inclusion of Hispanics in Corporate America at a level commensurate with our economic contributions. To that end, HACR focuses on four areas of corporate social responsibility and market reciprocity: Employment, Procurement, Philanthropy, and Governance. Collectively, the coalition members reflect the voice of more than 46.6 million Hispanics living in the United States and Puerto Rico, serving those diverse communities through advocacy, education, representation, assistance, capacity building, public policy support, resource development, and the exertion of political influence. HACR Coalition Members work with more than 1,500 affiliate community-based organizations serving the Hispanic community in all 50 states and Puerto Rico, including more than 450 institutions of higher learning enrolling three out of every four U.S. Hispanic college students, and 400 publications with a combined circulation of more than 10 million. HACR’s efforts are accomplished thanks to the involvement of its corporate partners and strong coalition members.
Hispanics in the U.S. $1.5 trillion estimated purchasing power by 2015. More than 16% of the U.S. population is Hispanic. 50 million Hispanic consumers in the U.S. are represented by coalition members. Hispanics are the fastest-growing ethnic segment and expected to grow 167% from 2010 to 2050. The per capita income of U.S. Hispanics is higher than any one of the highly coveted BRIC countries (Brazil, Russia, India, China). Source: U.S. Census Bureau; Goldman Sachs Global Economics
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HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
A Letter from HACR’s President & CEO For almost three decades, the Hispanic Association on Corporate Responsibility’s (HACR) mission has been dedicated to the
Carlos F. Orta
advancement and inclusion of Hispanics in Corporate America at a level commensurate
HACR’S longest running program, the
with economic contributions.
Annual HACR Symposium: The Power of
Collectively, HACR’s 16 coalition members
was held in April 2012 in Chicago. More
Hispanic Inclusion™, now in its 20th year, reflect the voice of more than 50 million
than 200 corporate executives, community
Hispanics living in the U.S. and Puerto
and thought leaders, and experts from
Rico, serving diverse communities through
across the country participated in
advocacy, education, representation,
dynamic discussions and engaged in an
assistance, capacity building, public policy
open dialogue surrounding some of the
support, resource development, and the
challenges and opportunities concerning
exertion of political influence.
Hispanic inclusion in Corporate America.
In addition to our coalition members, we are
Part of the 2012 programs also included the
fortunate to have more than 50 Fortune 500
Corporate Directors Summit™ (CDS) and
companies who support HACR’s mission with
Corporate Executives Forum™ (CEF) annual
both financial and intellectual capital. Some
meetings. The HACR CDS provided a unique
of the most admired and respected companies
opportunity for participants to share best
support our programs and initiatives.
governance practices, discuss business
This unique and powerful alliance with our
issues, and explore effective diversity
corporate and coalition members allows us to
strategies for corporate governance in the
fuel our growth and strengthen our mission.
C-Suite. The HACR CEF provided participants with an exclusive forum to share best
This annual report provides an understanding
practices, discuss different business
of the organization, our program participants,
challenges, exchange solutions, develop
our innovative annual programs, and initiatives,
strategies for Hispanic inclusion in Corporate
as well as our financials. Each initiative,
America and capitalize on the opportunity
program, and event is strategically aligned
to network with peers and Fortune 500
with the organization’s mission, which is a
corporate directors.
key to our success.
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HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
The sixth-annual HACR CEO Roundtable
This year, we were also able to share our
featured two dynamic CEOs: Barry Rand of
first-ever documentary, Insider Game, with
AARP and Tom Long from MillerCoors. And,
business and community leaders across
2012 ANNUAL REPORT
with Telemundo anchor Norma García as
the country. After premiering in Anaheim,
moderator, the highest-ranking executives of
CA, screenings of the award-winning, short
leading Fortune 500 companies successfully
documentary film were held in Atlanta,
gathered for an insightful conversation
Chicago, Los Angeles, Miami, New York,
on corporate employment and retention,
Portland, and Puerto Rico, in partnership
diversity strategies at all levels of the
with a variety of national organizations and
corporation, and how to engage a fast-
Fortune 500 companies.
growing Hispanic Consumer Market. We look forward to the coming year where We also had the privilege of honoring 30
we will continue building on the momentum
executives during the sixth-annual HACR
experienced in the last year. Thanks to our
Young Hispanic Corporate Achievers™ (YHCA)
stakeholders and sponsors for supporting
Program, which recognized talented young
HACR’s mission.
professionals from Fortune 500 and/or HACR corporate member companies for their exceptional achievements and successful
Sincerely,
leadership abilities, as well as their ongoing commitment to the Hispanic community. And in its second year, the HACR Corporate
Carlos F. Orta
Summit (CAS) provided a forum and a series of
President & CEO
workshops for previous HACR Young Hispanic Corporate Achievers™ to further their leadership development and skills in addressing new challenges in the workplace. This two-day conference also provided the opportunity for its participants to foster the growth of a network that is dedicated to the advancement of Hispanics in Corporate America.
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2012 HACR Board of Directors Janet Murguía PRESIDENT & CEO NATIONAL COUNCIL OF LA RAZA HACR Board Chair Guarioné Díaz PRESIDENT & CEO CUBAN AMERICAN NATIONAL COUNCIL HACR Board Vice Chair Ronald Blackburn Moreno PRESIDENT & CEO ASPIRA ASSOCIATION, INC. HACR Board Treasurer Clara Padilla Andrews PRESIDENT NATIONAL ASSOCIATION OF HISPANIC PUBLICATIONS HACR Board Secretary Ignacio Salazar PRESIDENT & CEO SER-JOBS FOR PROGRESS NATIONAL, INC. Immediate Past HACR Board Chair Albert Gonzales NATIONAL COMMANDER AMERICAN GI FORUM OF THE UNITED STATES The Honorable Charles A. Gonzalez CHAIR CONGRESSIONAL HISPANIC CAUCUS INSTITUTE, INC.
Dr. Antonio R. Flores PRESIDENT & CEO HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES Margaret Morán NATIONAL PRESIDENT LEAGUE OF UNITED LATIN AMERICAN CITIZENS Alma Morales Riojas PRESIDENT & CEO MANA, A NATIONAL LATINA ORGANIZATION Barbara J. DesMarteu INTERIM PRESIDENT NATIONAL HISPANA LEADERSHIP INSTITUTE Rafael Fantauzzi PRESIDENT & CEO NATIONAL PUERTO RICAN COALITION Manuel “Manny” Gonzalez CEO NATIONAL SOCIETY OF HISPANIC MBAS Javier Palomarez PRESIDENT & CEO UNITED STATES HISPANIC CHAMBER OF COMMERCE Dr. Juan Andrade Jr. PRESIDENT UNITED STATES HISPANIC LEADERSHIP INSTITUTE
The Honorable Lincoln Díaz-Balart CHAIRMAN CONGRESSIONAL HISPANIC LEADERSHIP INSTITUTE, INC.
2012 HACR Coalition Members AMERICAN GI FORUM OF THE UNITED STATES ASPIRA ASSOCIATION, INC. CONGRESSIONAL HISPANIC CAUCUS INSTITUTE, INC. CONGRESSIONAL HISPANIC LEADERSHIP INSTITUTE, INC. CUBAN AMERICAN NATIONAL COUNCIL HISPANIC ASSOCIATION OF COLLEGES AND UNIVERSITIES LEAGUE OF UNITED LATIN AMERICAN CITIZENS MANA, A NATIONAL LATINA ORGANIZATION
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NATIONAL ASSOCIATION OF HISPANIC PUBLICATIONS NATIONAL COUNCIL OF LA RAZA NATIONAL HISPANA LEADERSHIP INSTITUTE NATIONAL PUERTO RICAN COALITION NATIONAL SOCIETY OF HISPANIC MBAS SER-JOBS FOR PROGRESS NATIONAL, INC. UNITED STATES HISPANIC CHAMBER OF COMMERCE UNITED STATES HISPANIC LEADERSHIP INSTITUTE
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
2012 HACR Corporate Members Benefactor ALTRIA GROUP DELL FORD MOTOR COMPANY MCDONALD‘S CORPORATION
TARGET CORPORATION TIME WARNER WELLS FARGO
Generations
AETNA AMERICAN EXPRESS ANHEUSER -BUSCH COMPANIES AT&T BANK OF AMERICA CAESARS ENTERTAINMENT CHRYSLER CITIGROUP COMCAST CORPORATION CONAGRA FOODS GENERAL ELECTRIC
GENERAL MOTORS JOHNSON & JOHNSON KRAFT FOODS MARRIOTT MILLERCOORS NORTHROP GRUMMAN SODEXO STATE FARM INSURANCE THE HOME DEPOT TOYOTA MOTOR CORPORATION VERIZON COMMUNICATIONS
Associate
AARP SERVICES AMERICAN PETROLEUM INSTITUTE CISCO SYSTEMS COMERICA CSX CORPORATION DENNY‘S CORPORATION DIAGEO GAMESTOP ING INTEL MACY‘S
MANPOWER MARSH & MCLENNAN COMPANIES MGM RESORTS INTERNATIONAL MICROSOFT CORPORATION PEPSICO PRUDENTIAL FINANCIAL TELEMUNDO MEDIA UNITEDHEALTHCARE UPS WALMART WYNDHAM WORLDWIDE
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The 20th Annual HACR Symposium: The Power of Hispanic Inclusion™ The 20th Annual HACR Symposium: The Power of Hispanic Inclusion™ brought together more than 280 of the nation’s most influential Hispanic leaders, government officials, and corporate executives to discuss and identify effective strategies for achieving greater inclusion and participation of Hispanics in the areas of Employment, Procurement, Philanthropy, and Governance.
Cook County State’s Attorney Anita Alvarez.
HACR CAS participants Melisa Lopez Franzen, Andres Castillo, and Jessica Frank López.
“It was a wonderful experience. The positive
Rand; the Chairman of the Society of Human
aura from everyone was truly amazing. I enjoyed
Resources Management (SHRM), Jose Berrios;
meeting everyone and learned more about what
and President of the Anheuser-Busch Foundation
people, organizations, and corporations are doing
Margarita Flores, among others.
for the Hispanic community. I am very grateful
“Based on the feedback I heard about the
that I was given this opportunity,” said Angel
weekend events and activities, it was a
Zuniga of AGIF.
resounding success — great food-for-thought,
The 2012 Annual HACR Symposium featured
powerful developmental opportunities,
a variety of speakers and panelists, including
outstanding networking and worthwhile
former U.S. Surgeon General Dr. Antonia Novello;
recognitions,” said Daisy Auger-Dominguez of
Cook County State’s Attorney Anita Alvarez;
Time Warner, Inc. “I’m glad I was able to be a
MillerCoors CEO Tom Long; AARP CEO A. Barry
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2012 ANNUAL REPORT
part of it and look forward to being part of future
Participants had the opportunity to be a part of
programs.”
in-depth discussions that highlighted successful
The panels and conversations examined some
diversity strategies and the challenges facing
of the challenges related to the lack of Hispanic
corporations concerning Hispanic inclusion.
inclusion across boardrooms and C-Suites in
The Annual HACR Symposium officially closed
Corporate America. The sessions highlighted the
with an awards ceremony recognizing the
importance of philanthropic giving to Hispanic-
Hispanic community’s new generation of
serving organizations and the benefits of a
corporate leaders, the 2012 HACR Young Hispanic
diverse supply chain. Also, as part of the Annual
Corporate Achievers™ (HACR YHCA) class. The
HACR Symposium, one of the panels featured a
HACR YHCA program gathered participants for an
screening of HACR’s award-winning documentary
intensive three-day program where they partook
film, Insider Game, followed by a panel discussion
in team building exercises, group presentations
about corporate governance and Hispanic
and challenging panel discussions and sessions.
representation.
Annual HACR Symposium Trends in Philanthropic Giving Panel and Moderator.
NCLR President & CEO Janet Murguía and SER National President & CEO Ignacio Salazar.
Telemundo’s Tsi Tsi Ki Félix.
HACR CAS and HACR YHCA participants at the Annual HACR Symposium.
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The HACR CEO Roundtable The annual HACR CEO Roundtable was held on Tuesday, April 17, 2012 during the 20th Annual HACR Symposium: The Power of Hispanic Inclusion™ in Chicago. The HACR CEO Roundtable serves as the main highlight of the Annual HACR Symposium. This year, the event featured two dynamic CEOs: A. Barry Rand of AARP and Tom Long of MillerCoors. The discussion centered on each of their
success stories; corporate-wide inclusive
companies’ Hispanic inclusion strategies and the
employment and retention initiatives.
role diversity plays at the different levels of their
Other areas that were covered included Hispanic
respective corporations. The participants shared
consumer market outreach, brand loyalty
personal anecdotes and the benefits of making
strategy, and best practices for diversity in
a business case for Hispanic inclusion. They also
corporate boardrooms.
discussed the challenges they see regarding the advancement of Hispanics in Corporate America. “We know that the most creative organizations are diverse organizations,” Long said, emphasizing the importance of eliminating redundancy within companies. Telemundo anchor Norma García served as the event’s moderator and successfully engaged the
“You cannot give up life long learning,” Rand said, explaining that professional development was a key to success in Corporate America. Those in attendance were also treated to, as part of the discussion, key pieces of advice to achieve success not only in Corporate America but also in their lives.
panelists in sharing their ideas; personal
Telemundo Anchor and HACR CEO Roundtable Moderator Norma García.
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AARP CEO A. Barry Rand, NCLR President & CEO Janet Murguía, and MillerCoors CEO Tom Long.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
The HACR Corporate Directors Summit™ The fifth annual HACR Corporate Directors Summit™ (CDS) was held in Chicago on April 13-15. The summit hosted Hispanic directors currently serving on corporate boards of Fortune 500 and HACR corporate member companies.
Top Row: Patricia Salas Pineda, Tom Castro, Nina Vaca, Michael Montelongo, Patricia Diaz Dennis, Charles P. Garcia, and Lu Córdova. Middle Row: Antonio Garza, Victor Arias, Gilbert Casellas, Tere Canida, Kimberly Casiano, Jorge Castro, Aida Alvarez, and Alejandro Silva. Front Row: Cari Dominguez, Nelson Diaz, Linda Griego, Darren Rebelez, Luis Nieto, Donna Alvarado, Paul Raines, and Al Zapanta.
During the three-day summit, participants
a great weekend,” said Tere A. Canida of Taplin,
exchanged views on Hispanic inclusion and
Canida and Habacht, LLC.
explored the challenges and solutions to
The opening reception was held together with the
increasing the number of Hispanics on corporate
HACR Corporate Executives Forum™. To kick off
boards. Participants also had the opportunity to
the evening, U.S. Senator Robert “Bob” Menendez
discuss the development of effective diversity
(D-NJ) gave a passionate speech about corporate
strategies among Fortune 500 companies and
diversity and included anecdotes about his own
HACR corporate member companies for executive
efforts to increase corporate inclusion.
leadership and corporate governance.
Over the course of the weekend, the featured
“Once again, thank you for extending the invitation
speakers were three Hispanic CEOs including,
to attend the HACR CDS. I applaud your staff for
Paul J. Diaz, president and CEO of Kindred Healthcare and Paul Raines, CEO of GameStop.
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The third CEO, Gerardo “Gerry” Lopez of AMC
“It was a pleasure meeting numerous participants
Entertainment, gave the keynote speech during
of HACR’s programs during their recent
the closing reception on Sunday, which was open
conference. I appreciate all the hard work by the
to attendees from four different programs.
HACR team to make the entire conference a great
The reception, held on the 95th floor of the John
success,” said Donna Alvarado of CSX.
Hancock building, served as an opportunity
Created by HACR’s Corporate Directors Council
for participants from all of HACR’s programs to
(CDC), the HACR CDS was developed in 2007 to
network with each other. The gathering, which
further the organization’s mission to increase the
was hosted by Target, had more than 150 guests in
number of Hispanics serving on corporate boards.
attendance.
The intrinsic knowledge offered by the HACR
The group was also able to participate in a special
CDC allows HACR to better assist its corporate
session provided by Korn/Ferry International.
partners in advancing Hispanic inclusion efforts on corporate boards.
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Kindred Healthcare President & CEO Paul J. Diaz.
Patricia Diaz Dennis.
HACR CDS Name Badges.
Nina Vaca.
U.S. Senator Robert “Bob” Menendez (D-NJ).
GameStop CEO Paul Raines.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
The HACR Corporate Executives Forum™ Top executives from Fortune 500 and HACR corporate member companies gathered on April 13-15 in Chicago for the fourth annual meeting of the HACR Corporate Executives Forum™ (CEF).
Top Row: Luis Vargas, Kathryn Komsa, Juan Galarraga, Lisa Quiroz, Isaura Gaeta, Mary Willner, Steven Alonso, Lourdes Diaz, and Robert Rodriguez. Middle Row: Jose Luis Prado, Emilio Egea, Ed Loya, Kristin Torres Mowat, David Olivencia, Jose Avalos, Alma Crossley, and Rick Ramirez. Front Row: Gus Viano, Monica Diaz, Raquel Egusquiza, Ivan Zapien, Anne Alonzo, David Ruiz, Frank Ros, Alejandro Hernandez, and Francisco Peschard.
This unique event created an open forum for
Target, a company that shares the same beliefs,
participants that afforded them the opportunity to
and I am looking forward to our tremendous
discuss different challenges, share best practices,
partnership,” said Juan Galarraga, vice president
and exchange business solutions, all while
healthcare and store compliance at Target.
establishing a network of influential peers and also
This year, nearly 30 corporate executives
Fortune 500 corporate directors.
participated in a three-day program that included
“This was my third year attending the HACR
several business sessions ranging in topics from
Corporate Executives Forum™, and I can honestly
corporate governance and executive leadership
say that each year the program gets better
to the business case for Hispanic inclusion and
and I get more out of it. This year’s event was
an in-depth look at the changing landscape of
another wonderful opportunity to network with
the Hispanic community in the United States. The
colleagues and board members who understand
HACR CEF participants enjoyed joint sessions with
and advocate the importance of a diversified
the HACR CDS members that featured sessions by
workforce at all levels. I’m honored to work for
Dr. William Klepper from Columbia University who
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presented the BP Case Study; and a presentation
“We were especially pleased to share our findings
by professors Richie Zweigenhaft and William “Bill”
on Latino CEOs with this group. After our initial
Domhoff co-authors of the New CEOs: Women,
presentation, we had the most lively question-
African American, Latino, and Asian American
answer-discussion session we can recall in the
Leaders of Fortune 500 Companies.
many years since we started writing on diversity
In addition, there was a panel hosted by ODX,
issues,” said Richie Zweigenhaft and Bill Domhoff.
which included speakers, Neil S. Novich and Ruth
The HACR CEF was created in June 2008. It
Ann Gillis. Also, as part of the fourth anniversary
was modeled after the highly successful and
of the program, the closing reception honored the
influential Executive Leadership Council (ELC),
founding company and first legacy partners who
the nation’s premier leadership organization
supported the HACR CEF program in its first stages
comprised of the most senior African-American
and endowment initiative: AARP, Coca-Cola, Ford,
corporate executives in Fortune 500 companies,
Target, Time Warner, and Wells Fargo.
representing more than 250 corporations.
Ariel Investments Chairman & CEO John Rogers.
HACR CEF participants.
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HACR CEF Legacy and Founding Sponsor Awards.
Kraft Foods’ Anne Alonzo.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
The HACR Corporate Achievers Summit The second annual HACR Corporate Achievers Summit (CAS) was held April 15-16 in Chicago. The two-day summit brought together more than 20 past participants of HACR’s Young Hispanic Corporate Achievers™ (YHCA) program and provided them the opportunity to network with previous classes and take part in dynamic discussions centered on leadership development.
Top Row: Pedro Cuellar, Randall Vitale, Luis Abarca, Jr., Rosa La Puente-Flowers, Andres Castillo, John Valenzuela, and Ben Alvarado. Middle Row: Amanda McPheeters, Jorge Balestra, Harold Gonzalez, Tomaz Seignemartin, Jessica Frank López, Irene Sierra, Melisa Lopez Franzen, and Tanya Quiles-Moreno. Front Row: Dolores Arredondo, Ricardo Acevedo, Nicolás Pérez Stable, Alma Anguiano, Polo Paredes, Sandra Balaguera, and Karina Diehl.
During the program, HACR CAS attendees had
“The HACR CAS program is the perfect opportunity
the opportunity to participate in a leadership
to do exactly what this is all about...follow
development session with renowned professor,
up! Networking and reconnecting with your
Dr. William Klepper of Columbia University.
classmates and former alumni is the start of a
In addition, the President & CEO of Denny’s
wealth of possibilities to change the future. Since
Corporation, John Miller, addressed participants
past HACR YHCA participants suggested this
and spoke to the benefits of Hispanic inclusion
program, it provides a sense of ownership and
within Corporate America.
responsibility to make it work each and every year. We can shape the program to fit our true
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HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
needs. I’m very proud to be a part of this elite
inspiring to come together and discuss
membership,” said Luis Abarca, Jr., community
the similar challenges and triumphs we all
relations director at ING Financial Services.
encounter in our careers,” said Karina Diehl of
HACR CAS participants also had ample
MillerCoors.
opportunities to engage with the attendees
Launched in 2011, CAS is HACR’s newest
of other HACR programs for thoughtful
program. The program was created to
conversation regarding Hispanics on corporate
motivate, empower, and reconnect past HACR
boards and moving up company ranks. Also
YHCA participants to establish a support
offering their expert advice were HACR
network among executives dedicated to the
Corporate Directors Summit™ (CDS) participants
advancement of Hispanic inclusion in Corporate
Lou Nieto and Victor Arias; and Corporate
America through training sessions that use
Executives Forum™ (CEF) member Anne Alonzo.
critical thinking to become better executives
“We all come from different backgrounds and
and leaders within their companies to fuel the
work in various industries, yet it’s incredibly
pipeline.
HACR CAS participant Melisa Lopez Franzen.
Denny’s President & CEO, John Miller.
HACR CAS participant Ben Alvarado.
HACR CAS participants Dolores Arredondo, Pedro Cuellar, and Sandra Balaguera.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
The HACR Young Hispanic Corporate Achievers™ The Hispanic Association on Corporate Responsibility (HACR) honored 30 young professionals at the 2012 HACR Young Hispanic Corporate Achievers™ (YHCA) program in Chicago held on April 15-17. Now in its sixth year, the HACR YHCA program recognizes talented young professionals from Fortune 500 and/or HACR corporate member companies for their exceptional achievements and successful leadership abilities, as well as their ongoing commitment to the Hispanic community. Longtime corporate member Altria sponsored the program.
Top Row: John O’Shea, Noreen Gillen, Carmen Zamora, Mark Palmenter, Ivan Jaime, Sidney Espinosa, Edgar Bermudez, Nestor Lopez, Roger Lopez, Gloria Schoch, Luis Tavarez, Jr., and Marla Gomez. Middle Row: Lladnar Garcia, Alfonso Calderon, Carla Rodriguez, Gerard Borda, Adam Salgado, Mauricio Pincheira, Javier Delgado-Granados, Ricardo Benavidez, Michael Múñoz, and Ivette Fernandez. Front Row: Micheal Diaz, Lennies Gutierrez, Vanessa Nazario, Oscar Cordova, Juana Bordas, Carlos Lora, Jason Fernandez, Jose Olguin, and Frank Perez.
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Participants gathered for an intensive three-day
“Thanks again for everything! I thoroughly enjoyed
program where they partook in team building
the program and learned a lot,” said Marla Gomez
exercises, group presentations and challenging
of Intel.
panel discussions and sessions which included
To qualify for the HACR YHCA program, nominees
topics on: corporate diversity, personal branding,
and candidates should be of Hispanic heritage
and organizational services to enhance internal and
and be between the ages of 25-40 at the time the
external collaboration, inclusion, and leadership.
award is received. They must be employed at a
“Thanks again for all your hard work and the support
Fortune 500 or HACR corporate member company.
during the HACR event. It was a great experience,”
Finalists are selected based on their demonstrated
said Mauricio Pincheira of General Motors.
leadership qualities and capabilities within their
The HACR YHCA attendees participated in leadership
respective corporations and have a commitment to
sessions led by Dr. Juana Bordas, president of
the Hispanic community.
Mestiza Leadership International. In addition, they
Launched in 2007, the HACR YHCA program was
heard from UCLA’s Dr. Jorge Cherbosque regarding
developed as a way to recognize the outstanding
emotional intelligence and from William Arruda, who
achievements of young Hispanic professionals in
provided insight on the importance of personal
Corporate America and further the organization’s
branding to help get ahead in Corporate America.
vision to increase the number of Hispanics on
The participants also had the opportunity to
corporate boards. HACR understands the critical
connect with HACR’s other program participants
importance of Hispanic talent to a company’s
during two separate panels, with one panel
success and works collaboratively with companies
featuring Rocky Egusquiza and Lourdes Diaz.
and corporate members to help them identify
The other panel featured Isaura Gaeta, Robert
the potential of their younger leaders in order to
Rodriguez, and Darren Rebelez.
continue elevating the power of Hispanic inclusion in the U.S.
MassMutual’s Michael Múñoz and Dr. Juana Bordas.
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Altria’s Joe Murillo, HACR YHCA participant Noreen Gillen, and HACR’s Carlos Orta.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
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2012 HACR Event Gallery
The Chicago Skyline from the 95th floor of the John Hancock Center.
ASPIRA’s Ronald Blackburn Moreno.
LATINO Magazine’s Dalia Smith & McDonald’s Adam Salgado.
14th Surgeon General of the U.S. Dr. Antonia Coello Novello.
NPR’s new Chief Marketing Officer Emma Carrasco.
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2012 HACR Event Gallery
Ford’s Joedis Avila.
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Society for Human Resource Management’s Jose Berrios.
CSX Corporation, Corrections Corporation of America, and Park National Bank board member Donna Alvarado.
AMC’s Gerry Lopez.
Time Warner, Inc.’s Daisy Auger-Dominguez.
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2012 ANNUAL REPORT
2011 HACR Statement of Financial Position Revenues & Support Membership Symposium & Conferences Leadership & Education Contributions In-Kind Contributions Interest Income Total Revenue & Support
4.00%
5.00%
41.00%
29.00%
$2,442,699
Expenses
13.00%
8.00%
$935,100 $355,755 $430,500 $689,550 $20,000 $11,774
Symposium & Conferences Leadership & Education Research & Publications Membership Board Services General & Administrative Total Expenses Net Assets, End of Year
$822,401 $575,557 $154,341 $255,262 $85,793 $94,325 $1,987,679 $455,020
*The above information was extracted from HACR’s 2011 audited financial statements prepared by the accounting firm Ribis, Jones & Maresca, P.A.
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2012 ANNUAL REPORT
HISPANIC ASSOCIATION ON CORPORATE RESPONSIBILITY
2011 HACR Financials For more than 25 years, the Hispanic
In 2012, HACR’s major source of revenue is
Association on Corporate Responsibility (HACR)
corporate contributions. The association
has worked to advocate for Hispanic inclusion
follows the accrual method of accounting,
in Corporate America at a level commensurate
whereby revenues are recognized when earned
with its economic contributions. Through
and expenses are recognized when incurred.
established national initiatives, to help us complete our mission, HACR provides necessary resources for Hispanic leaders, corporate directors and top corporate executives to gather informational knowledge and work toward the advancement of Latinos from the boardrooms to the C-suites.
Among the organization’s signature programs are the Annual HACR Symposium: The Power of Hispanic Inclusion™, the HACR Corporate Directors Summit™, HACR Corporate Executives Forum™, the Corporate Achievers Summit, and the HACR Young Hispanic Corporate Achievers™.
The financial statement presentation follows the recommendations of the Financial Accounting Standards Board in its Statement of Financial Accounting Standards (SFAS) No. 117, Financial Statements for Not-for-Profit Organizations.
Under SFAS No. 117, the association is required to report information regarding its financial position and activities according to three classes of net assets: unrestricted net assets, temporarily restricted net assets and permanently restricted net assets.
This year, HACR also hosted special screenings in major cities across the country to introduce
Funding that is restricted by the donor is
the award-winning short documentary film,
reported as an increase in temporarily or
Insider Game. Through the HACR Research
permanently restricted net assets, depending
Institute, we work throughout the year to
on the nature of the restriction. When a time
conduct and publish objective research
restriction expires or a purpose restriction
findings related to Corporate America.
is met, temporarily restricted net assets are reclassified to unrestricted net assets and reported in the statement of activities as net assets released from restrictions.
2012 Annual Report Editors: Jason D. León and Josh Silvia Report Produced by: HACR & República, LLC
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