2015 HACR ANNUAL REPORT

TABLE OF CONTENTS ABOUT HACR & HISPANIC FACTS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 LETTER FROM THE PRESIDENT & CEO . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 2015 HACR BOARD OF DIRECTORS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 2015 HACR CORPORATE MEMBERS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ABOUT THE HACR RESEARCH INSTITUTE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 23RD ANNUAL HACR SYMPOSIUM: THE POWER OF HISPANIC INCLUSION™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 2015 HACR CORPORATE DIRECTORS SUMMIT™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 2015 HACR CORPORATE EXECUTIVES FORUM™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 2015 HACR CORPORATE ACHIEVERS SUMMIT™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 2015 HACR YOUNG HISPANIC CORPORATE ACHIEVERS™ . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 2015 HACR LEADERSHIP PIPELINE PROGRAM . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 2015 HACR STEM INITIATIVE . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 2014 HACR FINANCIALS . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22

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2015 HACR ANNUAL REPORT

ABOUT HACR 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, HACR’s Coalition Members reflect the voice of more than 50 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 work is possible thanks to the generous support of its Corporate Members, which includes to-date, 61 of the largest companies in the U.S. Together the Coalition Members and Corporate Members help to provide HACR the resources needed to achieve its mission.

HISPANICS IN THE U.S.

$1.5 TRILLION Estimated purchasing power by 2015.*

55.6 MILLION As of July 1, 2015 there were 56.6 million Hispanics in the U.S.*

28.6% Estimated proportion of the U.S. population that will be Hispanic by 2060.*

3.3 MILLION Estimated number of Hispanic-owned businesses.*

* Source: U.S. Census Bureau

2015 HACR ANNUAL REPORT

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LETTER FROM HACR PRESIDENT & CEO I am honored to have held the position of President & CEO of HACR for two years, and I could not be more pleased with all of the accomplishments that have been made to date. I would like to extend my gratitude and appreciation to our Board of Directors, Corporate and Coalition Members, participants, and sponsors for their continued support which makes all of the work done at HACR possible. This past year has brought tremendous progress towards invigorating HACR’s mission. From the success of our 23rd annual symposium and programs to the newly launched Leadership Pipeline Program (LPP), 2015 has been a monumental year. This annual report provides an understanding of the organization, the HACR annual programs, new Corporate Members, the 2015 Corporate Inclusion Index (CII), and the recent arrival of the LPP. HACR’s four core leadership programs: Corporate Directors Summit™ (CDS), Corporate Executives Forum™ (CEF), Corporate Achievers Summit™ (CAS), and Young Hispanic Corporate Achievers™ (YHCA); the 23rd Annual HACR Symposium; and the 2015 HACR CEO Roundtable convened at the RitzCarlton Buckhead in Atlanta. The HACR annual programs and symposium gathered some of the most influential members of the Hispanic community and corporate leaders to discuss best strategies and solutions for Hispanic inclusion at Fortune 500 companies through HACR’s four pillars: Employment, Procurement, Philanthropy, and Governance. The 2015 annual HACR CEO Roundtable featured Ralph de la Vega, president and CEO, AT&T Mobile and Business Solutions and Arnold W. Donald, president and CEO, Carnival Corporation & plc. For the eighth consecutive year, Telemundo’s Norma Garcia moderated the HACR CEO Roundtable and engaged the CEOs in a thought-provoking conversation regarding diversity and Hispanic inclusion at their companies.

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Dr. Lisette M. Garcia and the HACR Research Institute (HRI) released the 2015 HACR CII. The CII measures Hispanic inclusion at Fortune 100 companies and HACR Corporate Member companies. This year’s results indicated that nearly 25 percent of this year’s returning participants have improved their rating from 2014, which reflects a commitment to Hispanic inclusion. The inaugural Leadership Pipeline Program (LPP) was developed to expand opportunities for high-potential talent to network and develop leadership and managerial skills to take them to the next level and positively impact their respective companies. Running concurrently with the HACR LPP, the HACR STEM Initiative presented a unique forum of business sessions focusing on education, recruitment, retention, ERG-led initiatives, and Latinas in STEM which informed participants of the mechanisms impacting Hispanic participation rates in STEM fields and identified some of the barriers to successful career progression for Hispanic professionals in the STEM pipeline. In 2015, we also expanded our network even further and welcomed new Corporate Members including Delta Airlines, Herbalife, Humana, JP Morgan Chase, Medtronic, Merck, Morgan Stanley, and TD Bank. HACR looks forward to the coming year where we will be celebrating our 30th anniversary and continue building on the momentum experienced in the last year. I am happy to share this annual report with all of our contributors. Thank you again to our sponsors and stakeholders for continuing to stand by our mission of Hispanic inclusion in Corporate America.

Sincerely,

Cid Wilson

2015 HACR BOARD OF DIRECTORS IGNACIO SALAZAR SER-Jobs for Progress National, Inc. HACR Board Chair DR. JUAN ANDRADE JR. United States Hispanic Leadership Institute HACR Board Vice Chair RONALD BLACKBURN-MORENO ASPIRA Association, Inc. HACR Board Treasurer AMY HINOJOSA MANA, A National Latina Organization HACR Board Secretary MARGARET MORAN League of United Latin American Citizens HACR Immediate Past Chair

THE HONORABLE LINCOLN DÍAZ-BALART Congressional Hispanic Leadership Institute, Inc. SONIA LOPEZ Cuban American National Council DR. ANTONIO R. FLORES Hispanic Association of Colleges and Universities MARTHA MONTOYA National Association of Hispanic Publications JANET MURGUÍA National Council of La Raza CECELIA ESPENOZA National Hispana Leadership Institute RAFAEL FANTAUZZI National Puerto Rican Coalition

ANGÉL ZÚÑIGA American GI Forum of the United States

THOMAS SAVINO National Society of Hispanic MBAs

THE HONORABLE LINDA T. SANCHEZ Congressional Hispanic Caucus Institute, Inc.

JAVIER PALOMAREZ United States Hispanic Chamber of Commerce

2015 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

• 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

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2015 HACR CORPORATE MEMBERS BENEFACTOR ALTRIA GROUP

INTEL

TIME WARNER INC.

DELL

MCDONALD’S CORPORATION

WELLS FARGO & COMPANY

GENERAL ELECTRIC

TARGET CORPORATION

GENERATIONS ADP

CITI

MILLERCOORS

AETNA, INC.

COMCAST CORPORATION

NORTHROP GRUMMAN

ANHEUSER-BUSCH

FCA US LLC

SODEXO INC.

AT&T INC.

FORD MOTOR COMPANY

STATE FARM

BANK OF AMERICA CORPORATION

GENERAL MOTORS CO.

CARNIVAL CORPORATION & PLC

HERBALIFE

TOYOTA MOTOR NORTH AMERICA

JOHNSON & JOHNSON

THE WALT DISNEY COMPANY

CHEVRON

ASSOCIATE AMERICAN PETROLEUM INSTITUTE

GOOGLE

MICROSOFT

CAPITAL ONE FINANCIAL

THE HOME DEPOT

MORGAN STANLEY

HUMANA INC.

PEPSICO

J.P. MORGAN CHASE & CO.

PRUDENTIAL FINANCIAL, INC.

KPMG

SOUTHWEST AIRLINES

MACY’S

TD BANK

MANPOWERGROUP INC.

UPS

MARSH & MCLENNAN COMPANIES

VERIZON COMMUNICATIONS INC.

MEDTRONIC PLC

VOYA FINANCIAL SERVICES

MERCK

WAL-MART STORES, INC.

MGM RESORTS INTERNATIONAL

WYNDHAM WORLDWIDE

CAESAR’S ENTERTAINMENT, INC. CISCO THE COCA-COLA COMPANY COMERICA INCORPORATED CSX CORPORATION DELTA AIRLINES DENNY’S DIAGEO NORTH AMERICA ERNST & YOUNG

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2015 HACR ANNUAL REPORT

ABOUT THE HACR RESEARCH INSTITUTE The HACR Research Institute (HRI) is the research arm of HACR and is devoted to objective research, analysis, and publication of Hispanic-related issues in Corporate America. The goal of the HRI is to assess current trends and stimulate discussion on Hispanic inclusion in Corporate America. Through the HRI, HACR publishes annual studies on the state of the Hispanic community and corporate best practices in employment, procurement, philanthropy, and

governance along with the HACR Corporate Inclusion Index. The research institute also publishes the Corporate Governance Study, and other independent studies conducted internally and through partnership with other leading advocacy organizations. By providing information on the status of Hispanics in Corporate America, HACR can focus on issues relevant to Hispanics and investigate solutions to the inequity that exists.

2015 HACR Corporate Inclusion Index (CII) In 2014 we shifted the focus of the HACR CII from participation to progress. That move was driven in part by the need to provide participating companies with a greater return for their investment in the survey through extended benchmarking. Between 2009 and today, we have seen some real gains in Hispanic inclusion and an increasing willingness on the part of companies to partake in a deep dive analysis that helps us better understand their diversity and Hispanic inclusion efforts. The result of this has been measurable, concrete improvements which amount to progress worthy of our attention. In order to help us continue to move the needle forward HACR intends to implement several new focus areas of the HACR CII that will ultimately help us better understand the trends affecting the future of Hispanics in Corporate America. These changes will hopefully assist companies in achieving greater diversity and Hispanic inclusion, which ultimately helps HACR achieve its mission. This however, is not a simple task and there is still a great deal of work that needs to be done refining the survey, the submission and review process, and determining how, if at all, the ratings criteria will change. We are committed to this process and to working with our participants to increase their level of transparency. For without the ability to compare and analyze relevant data, we are unable to accurately identify areas of opportunity, which limits our ability to help companies make meaningful, lasting change. As the strength of the Hispanic consumer continues to grow, Corporate America will soon learn that the Hispanic population is the key to maintaining a competitive advantage and essential for preserving market position. Working together, we can achieve our mutual goal of Hispanic inclusion in 2015 and beyond.

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23RD ANNUAL HACR SYMPOSIUM:

THE POWER OF HISPANIC INCLUSION™

Target’s Nydia Sahagún.

Georgia State Representatives Pedro Marin and Beth Beskin, Atlanta City Council President Ceasar Mitchell with HACR President and CEO Cid Wilson.

From April 27-28, HACR hosted its 23rd Annual Symposium: The Power of Hispanic Inclusion™ in Atlanta, at the Ritz-Carlton, Buckhead. Hosted by Target Corporation, the Annual HACR Symposium brought together some of the most influential Hispanic community and corporate leaders to discuss best practices and solutions for Hispanic inclusion at Fortune 500 companies through Employment, Procurement, Philanthropy, and Governance.

Multicultural Strategy and Marketing, Anthem, Inc.; and Michael Treviño, principal, Treviño & Co. Among the topics panelists discussed were the fields that will yield new opportunities, the degrees and skills that offer a competitive advantage in the labor market, and challenges the Hispanic community faces in developing suitable graduates and candidates for emerging fields.

The 23rd Annual HACR Symposium kicked off with remarks from HACR President and CEO Cid D. Wilson, followed by three business sessions boasting an impressive roster of speakers. The first business session sponsored by MGM Resorts International, “The C-Suite Roundtable,” featured Carlos Castro, senior vice president and chief financial officer for Aria Resort and Casino; Stephen Hill, North American vice president of U.S. Sales and Services, General Motors Co.; and Arnaldo Perez, general counsel and secretary, Carnival Corporation & plc. Topics discussed included key leadership traits, mentorship, what they look for in executives they hire, and Hispanic inclusion. Next, a business session sponsored by Microsoft titled “Emerging Opportunities for Tomorrow’s Workforce” took place, featuring Maria Alvarez, partner, Engineering Shared Services, Information Platform Group Applications and Services Group, Microsoft Corporation; Joel Martinez, managing vice president, Enterprise Services and Staff, Capital One; Mark Palmenter, staff vice president,

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The final business session of the day was “The C-Suite Roundtable II” with JoAnn Chavez, vice president and chief tax officer, DTE Energy; Ed Martinez, president, The UPS Foundation; and Joe Uva, chairman, Hispanic Enterprises and Content, NBCUniversal. The featured executives had an informative discussion on the key leadership traits they consider “must-haves” in order to be successful. “I think it’s important that people are intellectually curious, have great critical thinking skills, and are good listeners,” said Uva. That evening, participants networked at the symposium opening reception sponsored by Anheuser-Busch and General Motors Co. On Tuesday morning, Dr. Lisette Garcia, senior director of the HACR Research Institute presented “Insights, Trends, and Best Practices” from the HACR Corporate Inclusion Index, a yearly research project that she leads. The session highlighted some of the trends regarding Hispanic inclusion across HACR’s four pillars: Employment, Procurement, Philanthropy, and Governance. Participants engaged in a lively discussion and shared best practices during the interactive session.

Chief Diversity Officers panel.

The Coca-Cola Company’s Rudy Bessera, Bea Perez, and Peter Villegas with HACR President and CEO Cid Wilson.

The next business session featured chief diversity officers (CDOs) from several top corporations around the country, including Ken Barrett, General Motors Co.; Erby Foster, The Clorox Company; Pat Harris, McDonald’s Corporation; Jorge Quezada, Kraft Foods; and Lorie Valle-Yañez, MassMutual. These CDOs discussed their strategies and challenges for Hispanic inclusion in Corporate America. In regard to strategy, Harris commented that ensuring diversity requires collaboration among all departments, and holding leaders in all areas of the organization accountable for inclusive hiring practices. The symposium networking luncheon was sponsored by Ford Motor Company and Marriott, and the keynote speaker was Deborah Gillis, president and CEO of Catalyst. Gillis shared with the audience her personal experiences as a woman in Corporate America and how she came to lead Catalyst, a leading nonprofit whose mission is to expand opportunities for women in business. Macy’s sponsored the following business session, “Latina Ambassadors at the Top of Corporate America,” which featured Jovita Carranza, founder and CEO, JCR Group, and former vice president, Air Operations, UPS; Laurene Gandolfo, executive vice president, Men’s and Kids Private Brands, Macy’s; Ileana Musa, managing director, head of

Catalyst President and CEO Deborah Gillis.

HACR Symposium attendees.

Global Client Segment and Strategy, Bank of America; Bea Perez, chief sustainability officer, The Coca-Cola Company; and Myra Soto, senior vice president and chief infrastructure and information security officer, Comcast Corporation; moderated by LatinaStyle’s Robert Bard. The five Latina executives shared their personal stories and insights on achieving success in Corporate America. The final session of the Symposium was the HACR CEO Roundtable, which featured Ralph de la Vega, president and CEO, AT&T Mobile and Business Solutions and Arnold W. Donald, president and CEO, Carnival Corporation & plc. For the eighth consecutive year, Telemundo’s Norma Garcia moderated the HACR CEO Roundtable and engaged the CEOs in a thought-provoking conversation regarding diversity and Hispanic inclusion at their companies. The Symposium concluded with the HACR Young Hispanic Corporate Achievers™ (YHCA) awards reception. Attendees were invited to celebrate the next generation of Hispanic corporate talent at the closing reception sponsored by Altria and MillerCoors. Join us in 2016 to celebrate the 30th Anniversary of HACR. The Symposium will take place May 2-3, 2016 at the Mandarin Oriental, Washington, D.C.

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2015 HACR CORPORATE DIRECTORS SUMMIT™

Top Row: Charles Garcia, Lou Miramontes, Darren Rebelez, Luis “Lou” P. Nieto, Jr., Victor Arias, Sr., and Albert “Al” C. Zapanta. Front Row: Dolores Kunda, Lu Córdova, Consuelo Madere, and Patricia Diaz Dennis.

The eighth annual HACR Corporate Directors Summit™ (CDS) convened in Atlanta, April 24-26, at the Ritz-Carlton, Buckhead. The Latino Corporate Directors Association (LCDA) co-hosted this year’s event. During the event, Hispanics currently serving on corporate boards of Fortune 500 companies, HACR Corporate Member companies, and LCDA members shared knowledge and best practices gained in corporate boardrooms. The 2015 HACR CDS began on Friday, April 24, with a joint welcome reception sponsored by Sodexo. The dinner, sponsored by Delta Airlines and MassMutual, featured Carlos Rodriguez, president and CEO of ADP, and one of only 11 Hispanic CEOs in the Fortune 500. Rodriguez shared with the audience his personal story of climbing the corporate ladder and offered his thoughts on Hispanic inclusion in Corporate America. Afterward, participants attended the “Best of the Boardroom” reception, sponsored by Hispanic Executive magazine and Morgan Stanley. Cid D. Wilson, president and CEO of HACR; Susan Reid, Morgan Stanley’s global head of Diversity and Inclusion; and KC Caldwell, managing editor of Hispanic Executive

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magazine, were on hand to deliver remarks. KC Caldwell also presented Hispanic Executive’s annual “Best of the Boardroom” issue, which features a select group of Latinos who are leaders on corporate boards. Although there are a number of Latinos on corporate boards, more than 70 percent of Fortune 500 companies do not have a Hispanic on their board. Caldwell commented, “There are still far too few of us who hold corporate board-level positions, despite dramatic growth in Latino consumers, Latino decision makers, and investors in this country.” On Saturday, April 25, LCDA members had an engaging dialogue focused on the value of diversity for board composition with Sara Prince, principal at McKinsey & Company. The directors continued the conversation with a director education session titled “Emerging Issues in Board Composition and Diversity” featuring panelists Aida Alvarez, director, Walmart; Victor Arias Jr., senior client partner, Korn Ferry and director, Popeye’s Louisiana Kitchen; Veronica Biggins, managing director, Diversified Search, and director, Avnet; W. Frank Blount, chairman and CEO, JI Ventures, and director, KBR, Inc.; and Ana Dutra, president and CEO, Executives Club of Chicago and director, CME Group.

Carlos Rodriguez, ADP president and CEO, addressing HACR program participants.

Denny’s President & CEO John Miller.

Later in the day, participants attended a joint luncheon with the HACR Corporate Executives Forum™ (CEF) participants and enjoyed an enlightening presentation by Dr. Keith Eigel, co-founder of the Leaders Lyceum. During this session, Dr. Eigel spoke about different stages of maturity and how this effects management and professional behavior. Participants also heard from John Miller, president and CEO of Denny’s Corporation, and Denny’s Corporation board member Laysha Ward, who also serves as vice president of Community Relations, Target Corporation. “If you want a business case for diversity and inclusion, look at Denny’s,” said John Miller, before discussing how Denny’s diverse workforce helped increase shareholder value. That evening, CDS participants enjoyed an exclusive tour and dinner at the World of Coca-Cola sponsored by The Coca-Cola Company and Toyota Motor North America, Inc. On Sunday morning, directors participated in a roundtable discussion on the board’s role in risk oversight. Panelists included Mylle Magnum, CEO, IBT Enterprises and director, Barnes Group, Express, and Haverty Furniture; Jose Luis Prado, LCDA vice chair and director, Northern Trust; and Rene Salas, audit partner, EY. Before the luncheon,

Ana Dutra, president and CEO, Executives Club of Chicago and KC Caldwell, managing editor of Hispanic Executive magazine.

Target Corporation’s Laysha Ward with HACR CDS and CEF participants.

participants from the CDS and CEF programs enjoyed a lively presentation by Gina Rudan, president of Genuine Insights, Inc., diversity business partner, Google, and best-selling author of “Practical Genius.” CDS participants attended the joint programs’ closing dinner sponsored by Target Corporation, held at the Atlanta Botanical Garden. The evening highlight was featured keynote speaker Julio Portalatin, president and CEO, Mercer. Portalatin recalled his journey to CEO, and discussed how he had leveraged his Hispanic heritage to his advantage throughout his career. The evening ended with an after-dinner reception sponsored by Anheuser-Busch, and all program participants were invited to continue networking and enjoying their evening at the Ritz-Carlton, Buckhead. In 2016, HACR will celebrate its 30th anniversary. We’re looking forward to celebrating 30 years of raising the bar on Hispanic inclusion with you at the Mandarin Oriental hotel in Washington, D.C. on April 29-May 3, 2016.

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2015 HACR CORPORATE EXECUTIVES FORUM™

Top Row: Alejandro Hernández, Yvonne Garcia, Jorge A. Quezada, Ed Loya, Claudia Marmolejo, Rick Ramirez, Manlio Valdes, Juan Flores, Enrique Caballero, Bob Jimenez, and Orlando T. Padilla. First Middle Row: Noreen L Gillen, Mariely Bandas-Franzetti, JoAnn Chavez, Alma L. Crossley, Carlos F. Orta, Rudy Beserra, James W. Sarvis, Steven Alonso, Randy Huey, Christine Ingrando, and Carmen Araujo. Second Middle Row: Carlos Guzman, Monica L. Martinez, Georgette Borrego Dulworth, Daisy M. Auger-Domínguez, Ernesto Felix, Raquel “Rocky” Egusquiza, Jose Avalos, Fernando Gil, Sonia Green, Frank A. Rodriguez, Lori Valle-Yañez, and David Ruiz. Front Row: Nereida “Neddy” Perez, Maria Blasé, Monique Prado Berke, Isaura Gaeta, Monica Diaz, Patricia Boshuizen, Rita Mitjans, and Lourdes Díaz.

The seventh annual HACR Corporate Executives Forum™ (CEF) took place in Atlanta, from April 24-26, at the RitzCarlton, Buckhead. Launched in 2008, the HACR CEF provides the most senior Hispanic corporate executives at Fortune 500 and HACR Corporate Member companies with a forum to discuss business issues, challenges, and solutions. There are also various networking opportunities available throughout the program with corporate board directors from the HACR Corporate Directors Summit™ (CDS). The 2015 HACR CEF kicked off on Friday, April 25 with a welcome reception sponsored by Sodexo. Attendees heard remarks from Georgia State Representative Stacey Abrams and HACR President and CEO Cid D. Wilson. Following the reception, the Friday night dinner sponsored by Delta Airlines and MassMutual, featured one of only 11 Hispanic CEOs in the Fortune 500 – Carlos Rodriguez, president and CEO of ADP.

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Attendees were treated to a fireside chat between Rodriguez and HACR President and CEO, Cid D. Wilson, where Rodriguez shared his personal thoughts on diversity and Hispanic inclusion. Dinner was followed by the “Best of the Boardroom” reception, sponsored by Hispanic Executive magazine and Morgan Stanley. Throughout the evening, CEF participants had the opportunity to network with Hispanic board directors and other corporate executives – one of the main goals of the program. On Saturday, CEF began their morning with a networking breakfast and an executives-only CEF strategic planning session. The first business session of the program featured Dr. Keith Eigel, co-founder of the Leaders Lyceum and distinguished leadership coach. In his presentation, Dr. Eigel applied principles of adult development to the field of leadership for a transformative discussion. He continued his presentation during the joint CDS and CEF lunch meeting, where he expanded upon the concepts of maturity, development, and professional behavior.

HACR CEF participants.

The Coca-Cola Company’s Rudy Beserra and Peter Villegas.

CHCI’s Esther Aguilera, GM’s Alma L. Crossley, and Target’s Laysha Ward.

HACR CEF Participants at the World of Coca-Cola.

Following lunch, participants joined the CDS for the remainder of the day’s program. This included a special business session featuring John Miller, president and CEO of Denny’s Corporation and Denny’s Corporation board member Laysha Ward, who also serves as vice president of Community Relations, Target Corporation. CEF participants concluded their first day of sessions with a presentation from Roselinde Torres, renowned leadership expert, senior partner and Boston Consulting Group fellow. On Saturday evening, CEF participants traveled to the World of Coca-Cola in downtown Atlanta for a joint HACR CDS and CEF reception and dinner hosted by The Coca-Cola Company and Toyota Motor North America, Inc.

UPS shared his own story and challenges climbing the corporate ladder.

On Sunday morning, CEF participants enjoyed an executives-only business session with Laura Chapa, senior business information security officer for Bank of America. Before the luncheon, Gina Rudan, president of Genuine Insights, Inc., a diversity business partner at Google, and best-selling author of “Practical Genius,” guided participants through a lively session entitled “Unleash Your Practical Genius.” At the luncheon, Alan Gershenhorn, executive vice president and chief commercial officer,

In 2016, HACR will celebrate its 30th anniversary. Join us next year as we celebrate 30 years of raising the bar on Hispanic inclusion at the Mandarin Oriental hotel in Washington, D.C. on April 29-May 3, 2016.

Target Corporation sponsored the weekend’s closing dinner, which was held at the Atlanta Botanical Garden. CEF legacy sponsor, Intel and endowment contributor, ManPower Group, were both recognized for their contributions and participants were treated to an engaging speech from keynote Julio Portalatin, president and CEO, Mercer. The evening concluded with an after-dinner reception back at the Ritz-Carlton, Buckhead sponsored by Anheuser-Busch.

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2015 HACR CORPORATE ACHIEVERS SUMMIT™

Top Row: Luis Tavarez, Michael Muñoz, Alfonso Calderon, Zeferino Cisneros, Robert Trujillo, Alexander Toland, David Ramirez, Juan Gonzalez, and Christian Campos. First Middle Row: Harold González, Nydia Correa, Omayra L. Padilla de Jesus, Jennifer Altarriba, Nydia J. Sahagún, Adrianna Samaniego, Isabel Villegas, Alberto Ortega, Angelica Hurtado, and Maria Jose Gatti. Second Middle Row: Jason Luis Fernandez, Gloria Schoch, Gerard Borda, Alvaro Silva Vargas, Luis A. Rivera, David Guzman, Carlos Villasana, Daniel Pinho, Karina Baril, and Artemio San Martin. Front Row: Mariana Fagnilli, Beatriz Medina Pratt, Selene Benavides, Ibelka Fernandez, Erika Gonzalez Mercedes, and Claudia Arana Sanchez.

The fifth annual HACR Corporate Achievers Summit™ (CAS) was held in Atlanta, April 24-26, at the RitzCarlton, Buckhead. Launched in 2011, the HACR CAS is HACR’s newest program and is open to all former HACR Young Hispanic Corporate Achievers™ (YHCA) program participants. CAS provides a support network for former HACR YHCA participants through leadership development, professional training sessions, and continued networking. On Friday, April 24, the HACR CAS kicked off with a joint HACR Corporate Directors Summit™ (CDS), Corporate Executives Forum™ (CEF), and CAS welcome reception and dinner. The joint event provided CAS participants the valuable opportunity to network with top Hispanic executives and board directors. CAS participants enjoyed a fireside chat between HACR President and CEO Cid D. Wilson and ADP President and CEO Carlos Rodriguez. Rodriguez spoke about his path to CEO from his humble beginnings in Miami, and the importance of perseverance. After dinner, participants joined executives and board directors for Hispanic

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2015 HACR ANNUAL REPORT

Executive magazine and Morgan Stanley’s “Best of the Boardroom” reception. The next day, participants enjoyed a networking breakfast, followed by three intensive business sessions. The first session was titled, “Are you a 21st Century Leader?” and featured Roselinde Torres, renowned leadership expert, senior partner, and Boston Consulting Group fellow. Before lunch, CAS participants spent time with Monique Berke, vice president of Business Transformation, CBL & Associate Properties, Inc., who spoke about “Leadership from the Inside Out – Giving Voice to the Leader Within.” After the CAS networking luncheon, participants attended their final business session of the day with Dr. Keith Eigel, co-founder of the Leaders Lyceum, which aims to accelerate the development of leaders to a place of greater maturity and effectiveness. The CAS program concluded its first day of programming with the CAS strategic planning session followed by the Joint CAS/YHCA welcome reception sponsored by Johnson & Johnson and MillerCoors.

Ibelka Fernandez, Mariely Bandas-Franzetti, Daisy M. Auger-Domínguez, and Gloria Schoch.

Joint HACR CAS/YHCA business session .

On Sunday, CAS participants enjoyed a panel featuring top Hispanic executives from the HACR Corporate Executives Forum™ (CEF). The first business session featured John Rosero, vice president, chief legal officer, and secretary of Prudential Annuities Distributors, Inc. For the Sunday luncheon, participants were treated to Gina Rudan’s lively “Unleash Your Practical Genius” presentation. Rudan is the president of Genuine Insights, Inc., a diversity business partner at Google, and best-selling author of “Practical Genius.” During the afternoon, the CAS joined HACR YHCA participants for a combined business session featuring Richard Montañez, vice president of Multicultural Sales and Community Activation, PepsiCo North America, and author of “A Boy, a Burrito, and a Cookie: From Janitor to Executive.” Afterward, CAS and HACR YHCA members attended a meet and greet led by Dr. Juana Bordas, president of Mestiza Leadership International. That evening, the CAS concluded its program alongside CDS, CEF, and HACR YHCA participants, with a final reception and dinner sponsored by Target Corporation. During the dinner at the

CAS business session with Keith Eigel.

Google’s Adrianna Samaniego.

Atlanta Botanical Garden, Julio Portalatin, president and CEO of Mercer, shared insights from his own career, which no doubt left CAS participants with significant inspiration. Upon their return to the Ritz-Carlton, Buckhead, all program participants were invited to an after-dinner reception sponsored by Anheuser-Busch to close out the 2015 program. We look forward to celebrating our 30th anniversary in 2016 at the Mandarin Oriental hotel in Washington, D.C. on April 29-May 3, 2016.

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2015 HACR

YOUNG HISPANIC CORPORATE ACHIEVERS™

Top Row: Edwin Paoli Perez Molina, Lady Melodie Maldonado, Marco A. Villareal, Jr., Douglas Bowles, John Martinez, Thais RodriguezCaez, Dennis M. Peredo, Angel Arocho, and Robert Martinez. First Middle Row: Carlos Ruiz Rábago, Jennifer de la Torre, Jesse Antonio Lopez, James M. Jimenez, Janeth Gomez, and Marco Ugarte. Second Middle Row: Ana M. Martin, Mara Garcia Kaplan, Angel Uruchima, John Vasquez, Judith Ibarra-Bianchetta, Rene Sanchez, Cinthia Lopez, Graziella-Vesta Sampedro Pennington-Evans, Lisa Tuccio King, Luis Alfredo Figueroa, Esmeralda Barriga Gonzalez, and Michelle Caraballo. Front Row: Magaly Muñoz-Mejorado, Angie Rios, Francesca Parodi Morris, Gianinna Daniel, Diana Navas-Rosette, and Imelda Siegelson.

Now in its ninth year, the HACR Young Hispanic Corporate Achievers™ (YHCA) program was created to recognize and develop young Hispanic executives in Corporate America. The annual program was held in Atlanta, on April 26-28, at the Ritz-Carlton, Buckhead. This year’s class featured an impressive roster of young Hispanic executives, selected to participate based on a combination of leadership, professional experience, and a history of community service. Dr. Juana Bordas, president of Mestiza Leadership International, once again led the activities and guided participants through the intensive program. Participants began the program on Sunday, April 26, with a brief presentation about HACR delivered by HACR President and CEO Cid D. Wilson. Dr. Bordas guided the participants through an introduction and program overview, followed by a number of workshops aimed at highlighting the contributions that Hispanics have made in the U.S.

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Following lunch, HACR YHCA participants joined the HACR Corporate Achievers Summit™ (CAS) participants for a joint business session featuring Richard Montañez, vice president of Multicultural Sales and Community Activation, PepsiCo North America, and author of “A Boy, a Burrito, and a Cookie: From Janitor to Executive.” Afterward, HACR YHCA and CAS participants had the opportunity to participate in a meet-and-greet led by Dr. Bordas. That evening, HACR YHCA participants had an exclusive opportunity to network with distinguished Hispanic executives and board directors at the joint program’s reception and dinner at the Atlanta Botanical Garden, sponsored by Target Corporation. Attendees were treated to engaging remarks from Julio Portalatin, president and CEO, Mercer. Following dinner, participants were invited to the Ritz-Carlton, Buckhead hotel for an evening reception sponsored by Anheuser-Busch.

ManPowerGroup’s Graziella-Vesta Sampedro Pennington-Evans.

Walmart’s Michelle Caraballo and Chevron’s Angel Uruchima.

On Monday morning, HACR YHCA participants returned to their rigorous schedule for exclusive sessions with board directors, Hispanic executives, and best-selling author Gina Rudan. On Tuesday, Dr. Bordas continued the program with sessions aimed at further developing these young Latino leaders into the corporate moguls they aspire to become.

Chevron’s Angel Uruchima, UPS’ Gianinna Daniel, and Cid D. Wilson.

HACR YHCA facilitator Dr. Juana Bordas.

In 2016, HACR will celebrate its 30th anniversary as well as the 10th anniversary of the HACR YHCA program. We are looking forward to welcoming our new class of HACR YHCA participants into the ranks of the Corporate Achievers SummitTM program (their alumni program). We hope you will join us at the Mandarin Oriental hotel in Washington, D.C. on April 29-May 3, 2016.

HACR YHCA participants sat in on the HACR CEO Roundtable featuring Ralph de la Vega, president and CEO, AT&T Mobile and Business Solutions and Arnold Donald, president and CEO, Carnival Corporation & plc, moderated by Telemundo’s Norma Garcia. Garcia engaged both CEOs in a lively discussion about diversity and Hispanic inclusion. The HACR YHCA program concluded with an awards ceremony recognizing the successes and accomplishments of the 2015 class. HACR YHCA sponsors, Altria and MillerCoors, had the opportunity to provide remarks and congratulate the future generation of Hispanic leaders.

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2015 HACR LEADERSHIP PIPELINE PROGRAM

Prudential executives with HACR President and CEO Cid D. Wilson.

The Hispanic Association on Corporate Responsibility (HACR) held its first annual Leadership Pipeline Program (LPP) on November 2-3, at the Marriott Marquis in Washington, D.C. Hosted by Prudential, the HACR LPP was created to provide Fortune 500 and HACR Corporate Member companies a forum to develop mid and upper level Hispanic executives. The one and a half day convening consisted of leadership development workshops and business sessions, featuring subject-matter experts and thought leaders in the areas of corporate governance, management, leadership, personal branding, and employee resource groups. The LPP kicked off with breakfast and an opening session featuring a short presentation on HACR, its mission, and work from HACR President and CEO, Cid D. Wilson. LPP attendees were joined by the HACR STEM initiative participants for this opening session. Immediately following the conclusion of the opening session, LPP participants began their breakout business sessions. Dr. Juana Bordas, president of Mestiza Leadership International, welcomed LPP participants with an overview of the program and Latino culture. Following Bordas’ welcome, the first business session, “Practical Genius Playbook” was presented by best-selling author of Practical Genius and diversity manager at Google Inc., Gina Rudan. Rudan walked LPP participants through her steps to finding and expressing their practical genius.

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Next, renowned executive leadership professor at the Columbia Business School, Dr. William Klepper, led the “Business Case Study – Nonprofit (for value) Board Engagement” business session. The interactive case study focused on the Wounded Warrior Project, covering best practices in executive leadership and governance within the nonprofit and for value sectors. Other topics discussed by Klepper included an overview of organizational missions, strategic objectives, leadership, revenue performance, and board engagement. The joint LPP/STEM HACR Lunch Meeting, sponsored by Prudential featured a fireside chat with Gilbert Casellas, board member at Prudential and chairman of Omnitru Technologies and HACR’s President and CEO Cid D. Wilson. During the fireside chat they candidly discussed Casellas’ personal journey to the boardroom. The discussion aimed to give participants from both programs insights about key leadership traits they consider “must-haves” in order to be successful, career obstacles they may have to overcome, and advice for aspiring board members and C-Suite executives. Following the lunch, Bordas led the next LPP business session titled “Leadership with a Latino Lens”. The session, sponsored by MillerCoors, led participants through

Google’s Gina Rudan.

Prudential’s Michele C. Meyer-Shipp and John D. Rosero.

Bank of America’s David Solís.

Dr. William Klepper.

leadership principles from a Latino perspective and how tapping into cultural assets can widen the breadth and depth of Hispanics’ leadership impact.

promoting strategy. Attendees were engaged in a dialogue about how to utilize these skills to build their personal brand and maximize their networks.

Prudential sponsored the final LPP business session of the day, “Defining Leadership in the 21st Century” featuring Michele C. Meyer- Shipp, vice president and chief diversity officer at Prudential and John D. Rosero, vice president, chief legal officer, and secretary at Prudential Annuities Distributors, Inc. The two Prudential executives discussed the skills needed to navigate organizational change in an evolving global marketplace before opening it up for a lively Q&A.

The final LPP business session, titled “A Conversation with Hispanic Board Directors”, featured a panel of Hispanic board directors including Michael Montelongo, chief administrative officer and senior vice president of Public Policy and Corporate Affairs at Sodexo, Inc., Elizabeth Oliver-Farrow, president & CEO of The Oliver Group, Inc., and Patricia Salas Pineda, group vice president of Hispanic Business Strategy at Toyota Motor North America, Inc., moderated by Victor Arias, senior client partner at Korn Ferry. Arias led an engaging discussion on their career successes and struggles that helped make board directorship positions possible. Attendees were able to engage directly with the panelists during a Q&A session after the discussion.

That evening, participants networked at the pre-dinner reception hosted by Altria before heading to the HACR Leadership Dinner sponsored by PepsiCo. Albert P. Carey, CEO of PepsiCo North America Beverages, shared his personal journey onto the leadership team of the secondlargest food and beverage company in the world with the LPP and STEM Initiative attendees during the dinner. On Tuesday morning, Dr. Robert Rodriguez, president of DRR Advisors LLC, and David Solís, national executive for Small Business Centralized Sales at Bank of America led the first LPP business session of the day, “Ten Strategies for Promoting Yourself”, sponsored by Bank of America. The interactive session highlighted ten effective strategies for developing the practical skills that will lead to a winning self-

The LPP concluded with the Verizon sponsored closing lunch featuring Emilio Gonzalez, executive director of Strategic Alliances at Verizon. At the lunch, Gonzalez discussed the power of leadership in the information age.

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2015 HACR STEM INITIATIVE

FIU’s Carlos Becerra, Disney’s Alfredo Ayala, Cisco’s Maria Medrano, and Chevron’s Crystal E. Ramón-Miranda.

The Hispanic Association on Corporate Responsibility (HACR) held its first research conference focused on Science, Technology, Engineering, and Math (STEM) on November 2-3, at the Marriott Marquis in Washington, D.C. Running concurrently with the HACR Leadership Pipeline Program (LPP), the HACR STEM Initiative presented a special forum of business sessions focusing on education, recruitment, retention, ERG-led initiatives, and Latinas in STEM among others. Throughout the one and a half day event, the HACR STEM Initiative informed participants of the mechanisms impacting Hispanic participation rates in STEM fields and identified some of the barriers to successful career progression for Hispanic professionals in the STEM pipeline. HACR is proud to recognize the GM Foundation for serving as the HACR STEM Initiative Champion. The STEM Initiative kicked off on Monday, November 2, with breakfast and an opening session featuring a short presentation on HACR, its mission, and work by HACR President and CEO, Cid D. Wilson. STEM Initiative attendees were joined by the HACR LPP participants for this opening session. Immediately following the opening session, STEM participants began their breakout business sessions. The first STEM business session on Monday, “Identifying Opportunities in STEM Education” was moderated by Mary Ann Gomez, executive director of the Congressional Hispanic Leadership Institute and featured Dr. Frances Colón, deputy science and technology advisor for the Secretary of State’s Office, Catherine Hill, vice president for Research at the American Association of University Women, Saif Y. Ishoof, vice

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PepsiCo’s Albert P. Carey.

president for Engagement at Florida International University, and Melissa Moritz, deputy director of STEM at the U.S. Department of Education. The panelists discussed the state of Hispanic education in STEM and identified opportunities for increasing Hispanic representation through education in areas as varied as foreign policy to public and private partnerships. Next, Carlos Becerra, assistant vice president of Federal Relations at Florida International University, moderated the “Recruiting Top Hispanic Talent to Your Company” business session which featured Alfredo Ayala, principal lead of Research and Development at The Walt Disney Company, Maria Medrano, senior manager at the Office of Inclusion and Collaboration for Cisco Systems Inc., and Crystal E. RamónMiranda, technology project engineer for the Deepwater Business Unit at Chevron. The panelists provided insights into their companies’ initiatives aimed at attracting and recruiting top Hispanic talent in STEM and discussed steps that could be taken to help improve talent attraction and retention. The joint LPP/STEM HACR lunch sponsored by Prudential, featured a fireside chat between HACR’s Cid D. Wilson and Gilbert Casellas, board member at Prudential and chairman of Omnitru Technologies. During the chat, they candidly discussed Casellas’ personal career path and his assent to the boardroom. Participants from both programs heard Casellas’ leadership insights and his thoughts on traits considered “must-haves” for successful careers as aspiring board members and C-suite executives.

Marriott’s Apoorva N. Ghandi and STEMConnector CEO Edie Fraser.

Verizon’s Emilio Gonzalez at the closing lunch.

Amy Hinojosa, national president and CEO of MANA – A National Latina Organization, moderated the first of the afternoon STEM business sessions focused on “ERG-Led STEM Initiatives in the Hispanic Community.” This panel featured Beatriz Medina Pratt, manager of Security Solutions at Cisco Systems Inc., Luz Padilla-Niemann, subject matter expert for the Large SUV Market at General Motors Co., and Dr. Bobby Perez, program manager for the Intelligence, Surveillance, and Reconnaissance Division at Northrop Grumman Corporation. The featured panelists discussed the initiatives their companies have put in place in the community to develop an interest in STEM amongst Latino youth. They also talked about the important role ERGs have in providing a steady stream of mentorship, partnership, and communication opportunities to Latinos in Corporate America.

Featured speaker, Albert P. Carey, CEO of PepsiCo North America Beverages, shared his personal journey onto the leadership team of the second-largest food and beverage company in the world.

Next, Marriott International Inc. Vice President of MultiCultural Affairs, Apoorva N. Gandhi and Edie Fraser, CEO of STEMConnector, engaged in a fireside chat on the topic of “Reconceptualizing STEM Employers in a Dynamic Market.” Their discussion aimed to redefine our understanding of STEM employees by examining our preconceptions of exactly who STEM employers are. Attendees engaged in a lively conversation with Gandhi and Fraser during the session.

The final STEM business session of the day brought together leaders from various community organizations to discuss the strategies for increasing Hispanic representation in STEM. The panel was moderated by Christopher Guerrero, senior associate at the Ibarra Strategy Group and featured Andre Arbelaez, president of the Hispanic IT Executive Council, Lorena Fimbres, vice president and chief business development officer at STEMConnector and Million Women Mentors, Rosa Mendoza, executive director of the Hispanic Technology and Telecommunications Partnership, Richard Morley, CEO of the Society of Hispanic Professional Engineers, and Antonio Tijerino, president and CEO of The Hispanic Heritage Foundation.

In the final STEM business session of the day, Bo Young Lee, leader of Global Diversity and Inclusion at Marsh LLC, helped attendees understand the impact of cultural differences on retention. She discussed the effect of unconscious bias on corporate climate and work culture and how culture can influence our behaviors. She focused on how to develop strategic imperatives and establish action plans for greater retention of top talent.

On Tuesday, the first STEM business session featured several Latinas in STEM and was moderated by Andre Arbelaez, president of the Hispanic IT Executive Council. Emilia Lopez, managing vice president of US Card-Upmarket at Capital One and Dr. Esther Tristani, senior scientist at Burt’s Bees were joined virtually by Nereida Perez, vice president and chief diversity officer at Ingersoll Rand. The conversation focused on the issues and experiences of Latinas in STEM disciplines and what stakeholders can do to bring down the barriers that have prevented Latinas from obtaining success in STEM fields.

Participants of this panel discussed utilizing a multifaceted approach to increase Hispanic representation in STEM involving the education system, Corporate America, and community-based organizations.

The evening ended with a networking reception hosted by Altria and Leadership Dinner sponsored by PepsiCo.

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2014 HACR FINANCIALS For almost three decades, the Hispanic Association on Corporate Responsibility has worked to advance Hispanic inclusion in Corporate America. Through five leadership programs, the HACR Research Institute (HRI), and established nationwide initiatives, HACR has provided the necessary resources for Hispanic leaders, corporate directors, and executives to gather information and work toward the advancement of Hispanics 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™, the HACR Corporate Executives Forum™, the HACR Corporate Achievers Summit™, the HACR Young Hispanic Corporate Achievers™, and the HACR Leadership Pipeline Program. Throughout the year, the HRI conducts, analyzes, and publicizes objective research pertaining to Hispanicrelated issues in Corporate America. The HRI also focuses on HACR’s four pillars: Employment, Procurement, Philanthropy, and Governance.

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In 2014, HACR’s major source of revenue was corporate contributions. The association follows the accrual method of accounting, whereby revenues are recognized when earned, and expenses are recognized when incurred. 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. Funding that is restricted by the donor is reported as an increase in temporarily or permanently restricted net assets, depending on the nature of the restriction. When a time restriction expires or a purpose restriction 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.

REVENUES & SUPPORT 1.07% 2.39%

1.52%

6.20%

47.98%

26.04%

Membership $1,122,250 Symposium & Conferences $346,375 Leadership & Education $609,000 Grants & Contributions $145,000 In-Kind Contributions $56,000 Research & Publications $25,000 Interest & Other Income $35,516 TOTAL REVENUE & SUPPORT $2,339,141

14.81%

EXPENSES 5%

6%

12% 6%

42%

Symposium & Conferences Leadership & Education Research & Publications Membership Services Board Services General & Administrative

$926,306 $653,917 $127,574 $267,527 $108,761 $140,046

TOTAL EXPENSES $2,224,131

29%

CHANGE IN NET ASSETS FROM OPERATIONS

$115,010

The above information was extracted from HACR's 2014 Audited Financial Statements prepared by the accounting firm Ribis, Jones & Maresca, P.A.

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