2014

NSHMBA Annual Report

22

Meeting people from so many

di�erent places and forming

powerful connections is one

of the many things that make

NSHMBA great!

“

”

3

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

4

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

03

05

06

07

09

10

12

13

14

15

17

18

5

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,

6

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,

7

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

7

8

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

9

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

10

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.

11

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

12

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

13

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

14

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

15

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

16

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

17

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

17

NSHMBA’s Highest Honor:The Brillante Award

2 0 1 4 A N N U A L R E P O R T

18

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

18

1919

NSHMBA has helped coach and

mentor me in my career search

way more than I expected -

landing me a great job.

“

”

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