LEADERSHIP PROFESSIONAL

EDUCATIONAL PHILANTHROPY

2001 ANNUAL REPORT

“FOR 13 YEARS, UNLOCKING HISPANICPOTENTIAL.....”

Who We AreW h o W e A r e

ince 1988, NSHMBA has been instrumental in itscommitment to facing the challenges concerningHispanics within the business community. The

humble beginnings took place when a diverse group ofHispanic professionals founded the National Society ofHispanic MBAs, (NSHMBA). Established as a 501(C)(3)non-profit organization, NSHMBA exists to fosterHispanic leadership through graduate managementeducation and professional development. NSHMBAworks to prepare Hispanics for leadership positionsthroughout the US, so that they can provide the culturalawareness and sensitivity vital in the management ofthe nation's diverse workforce.

VISION

To be the premier Hispanic MBA professional businessnetwork for economic and philanthropic advancement.

MISSION

“....Fostering Hispanic leadership through graduate man-agement education and professional development inorder to improve society.”

GOALS

1) To increase enrollment of Hispanics in graduate man-agement programs2) Assist in the recruitment, career development and pro-motion of Hispanic business professionals in public andprivate sectors and small business settings3) Provide networking opportunities for Hispanic busi-ness professionals4) Promote Hispanic business leadership and entrepre-neurship through professional development5) Provide infrastructure to support goals

STRATEGIC OBJECTIVES

1) Increase membership from 2,000 in 21 chapter groupsto 4,000 in 27 chapter groups with 60% MBA profession-als by 2003

2) Grow revenues to $3.1 million and diversify fundingsources in order that conference revenues will accountfor 83.3 % of the total by 2003

3) Develop an integrated local & national education pro-fessional development program by 2002

4) Build comprehensive Web & e-commerce solution forcommunications, transactions, recruitment and educa-tion by 2003

5) Develop and implement model program(s) that impactMBA pipeline by 2003

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Sponsors ListS p o n s o r s L i s t

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3MAbbott LaboratoriesACS State & Local SolutionsAdvance PCSAetna A.G. Edwards & SonsAlcoa Inc.Allegiance HealthcareAmazon.comAmerican AirlinesAmerican Express America West AirlinesAndersen Anderson School at UCLA, TheAOL Time WarnerAquila Inc.ARAMARK Uniform ServicesArizona State UniversityAstraZenecaBank of AmericaBank One CorporationBayer CorporationBaylor University, HankamerSchool of BusinessBear, Stearns & Co.Bentley CollegeBernard Hodes Group Inc.Best Buy Co. Inc.Board of Governors FederalReserve BoardBonneville Power AdministrationBoston Consulting Group, TheBPBurger King CorporationCap Gemini Ernst & Young, LLCCapital OneCarlson MBA Program, Universityof MinnesotaCarnegie Mellon University, MBAProgramCenters of Medicard & MedicaidServicesChevron CorporationCisco SystemsCitigroupCitrix Systems, Inc.Clorox Company, TheCoca-Cola Company, TheColgate-Palmolive Comerica BankCompaq Computer CorporationConAgra FoodsConsortium for Graduate Study inManagementCoors Brewing CompanyCornell’s Johnson School Credit Suisse First BostonDaimler Chrysler CorporationDain RauscherDarden Restaurants David Gomez & Associates, Inc.Dell Deloitte & ToucheDelta AirlinesDiversity talent.comDr Pepper/Seven Up, Inc.Duke EnergyDun & Bradstreet eFunds Eli Lilly and CompanyEl Paso CorporationEmory University, GoizuetaBusiness SchoolEnron CorporationEquiva Services

Ernst & Young Exelon CorporationExxon Mobil CorporationFannie MaeFederal Deposit InsuranceCorporation (FDIC)Federal Home Loan Bank of SanFranciscoFedExFirst Union National BankFord Motor CompanyFreddie MacGeneral ElectricGeneral Mills, Inc.Genetech Inc.Georgia – Pacific CorporationGeorgetown University, MBAGillette Company, TheGlaxoSmithKlineGoldman Sachs and CompanyHallmark CardsHallmark / Binney & SmithHarley-Davidson Motor CompanyHarvardUniversity Business SchoolH-E-B Grocery CompanyHENAAC & TECHNiCA MagazineHewitt Associates LLCHewlett Packard CompanyHispanic Association of Colleges &UniversitiesHitachi Data SystemsHobsonsHoneywell Household InternationalHumanaIBM Intel CorporationInternal Revenue ServiceJM Family Enterprises, Inc.Johnson & JohnsonJohnson Controls, Inc.JP Morgan ChaseKellogg CompanyKellogg School of Management,Northwestern UniversityKenan-Flagler Business School -UNC at Chapel HillKey CorporationKIPP NationalKmartKPMG LLPKraft FoodsLatPro.ComLehman BrothersLexisNexisLockheed Martin CorporationLucent TechnologiesMarathon Oil CompanyMars, Inc.Masco CorporationMattel, Inc.Mayo ClinicMBNA AmericaMcDonald’s CorporationMcGraw-Hill Companies, TheMedtronic, Inc.Mercedes -Benz USAMerck & Co., Inc.Merrill LynchMichicgan State University, MBAProgramMicrosoft CorporationMinute Maid CompanyMirantMIT Sloan School of Management

MONY Group, TheMorgan Stanley Motorola, Inc.National Council of La RazaNationwideNCCINestle USANew York Life Insurance CompanyNorthwest AirlinesNovartis PharmaceuticalsCorporationOffice Depot Support CenterOhio State University, FisherCollege of BusinessOur Lady of the Lake – School ofBusinessParamount PicturesPepperdine University, TheGraziadio School of BusinessPepsiCo, Inc.: Pepsi-Cola, FritoLay, Tropicana, QuakerPfizer Inc.PHD Project, ThePhilip Morris CompaniesPitney Bowes Inc.PricewaterhouseCoopers LLPProcter & GambleProgressive Prudential FinancialQuest DiagnosticsQualcommRalston Purina CompanyR.J. Reynolds Tobacco CompanyRice University, ExecutiveEducationRussell CorporationRyder Sabre Inc.Sara Lee CorporationSBC Communications, Inc.Schering-Plough Corp.SC JohnsonSears, Roebuck and Co.Shell Siemens USASolectronSprint St. Paul Companies, TheStanford Graduate School ofBusinessStanley Works, TheState Farm Insurance CompanySun MicrosystemsTarget CorporationTCU, Neely School of BusinessTexas InstrumentsThunderbird Graduate School ofInt’l MgmtTIAA CREFTowers PerrinToyota Motor Sales USA, Inc.Tribune CompanyTricon Global RestaurantsTuck School of Business,DartmouthTupperware CorporationTXUTyco InternationalUBS WarburgUnileverUnited AirlinesUnited Technologies University of California, Irvine University of California,Berkely,Haas School of Business

University of Chicago, GraduateSchool of BusinessUniversity of Dallas, GraduateSchool of ManagementUniversity of Illinois at UrbanaChampaignUniversity of the Incarnate WorldUniversity of Maryland – Robert H.Smith School of BusinessUniversity of Michigan BusinessSchoolUniversity of Norte DameUniversity of Southern California,Marshall School of BusinessUniversity of Texas at Austin,McCombs School of BusinessUniversity of Texas at Dallas,Cohort MBAUniversity of Texas at San AntonioU.S. Department of State Vanderbilt University, Owen Schoolof ManagementVerizonVisa International LACVisteon CorporationWachovia BankWake Forest University, BabockGraduate School of ManagementWal-Mart Stores, Inc.Walt Disney Company, TheWashington UniversityWatson Wyatt WorldwideWells Fargo and CompanyWeyerhaeuser CompanyWharton School of Business,University of PennsylvaniaWhitehall - Robins HealthcareWorldComXO CommunicationsYale School of Management

IntroductionI n t r o d u c t i o n

ear Members, Sponsors, Educational Partners and Friends of NSHMBA:On behalf of the Board of Directors and our entire chapter leadership, I amprivileged to present to you this 2001 Annual Report. I sincerely wish to thank

each and every one of our members and our stakeholders, and most especially ourcore of dedicated and visionary volunteers, who made our every success possible!

As we mark our accomplishments and measure ourselves versus our strategic direc-tion, it is gratifying for me to note that in 2001 our organization:

• grew significantly to reach 4,243 paid members by year-end (+64.8% vs. ‘00)

• added two new chapters, Minneapolis-St. Paul and Tampa Bay, and acceptedKansas City, Philadelphia and San José as chapters-in-formation

• launched Hispanic MBA magazine, our official bi-annual publication, with the participation 106 advertisers for theConference 2001 Issue

• only seven weeks removed from the tragic events of 9.11.01, set a new record for total attendees at our NationalConference & Career Expo in San Antonio – 3,901 (+13.2% over ‘00) including 1,618 MBA Students from 139 universities(+115.4% over ’00)

• in partnership with the Hispanic Scholarship Fund and the Lilly Endowment, more than doubled our scholarship distribu-tions to $617,500 (+104.1% vs. ’00) pushing us to a cumulative total of $1,621,000 since 1995

For our community, we noted that:

• Hispanic Americans earning Master’s degrees in Business and Administrative Services eclipsed the 4,000 mark for thefirst time, up to 4,241 for the 1999-2000 Academic Year. Compared with the baseline academic year of 1998-89 (1,581degrees conferred) when NSHMBA was founded, this number has nearly tripled!

NSHMBA is dedicated to moving its members - and our society - towards unlimited success in business, in governmentand in entrepreneurial ventures. We understand and appreciate that to do so, we must nurture mutually beneficial rela-tionships with NSHMBA stakeholders – including our members, corporate partners, academic representatives, profession-al recruiters and Latino community leaders. As we look ahead to our collaborative future in our increasingly global world– our partnership with each of you – will undoubtedly assure our continued and mutual success.

Respectfully,

John HonamanExecutive Director

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NSHMBA HighlightsN S H M B A H i g h l i g h t s

he year 2001 was a year of initiatives. •At the 12th Annual National Conference,

NSHMBA launched the Official magazine known asthe Hispanic MBA Magazine. This official publica-tion, published in October and March, serves as theprogram guide to the conference. Today the maga-zine reaches a circulation of 15, 000 members,which includes Hispanic MBA students and profes-

sion-als.

•Dr. Donna Maria Blancero, Assistant Professor ofManagement at Arizona State University's Collegeof Business and affiliate of the Hispanic ResearchCenter, conducted a unique, in-depth study con-cerning the highest level of Hispanic careerachievement within corporate America.The study isscholarly-based on the examination of why thehighest achieving Hispanic professionals succeed inthe workplace. She is conducting a part two studyof her research and plans to disseminate her find-ings with all members through our publications.•A newly constructed Web site created a centralizedand informative community for all the chapters andthe National Office.•A Career Center was developed to assist Hispanicstudents with their career search. There are morethan 700 job opportunities available. Members canpost their resume, search jobs and create a searchagent that notifies them about new jobs as theyarrive. •Membership experienced a tremendous growth toreach 4,243 members, nearly a 65 percent increaseover last year’s membership. This is greatly due toincreased benefits, scholarship opportunities, lead-ership training, informative Web site, enhancedpublications, invaluable conference experience,expanded career center and addition of chapters.•Through programs and partnerships, we have pro-

vided ways for Hispanics to pursue a top graduateeducation. The HSF/NSHMBA Scholarship Programawarded $617,000 in scholarships. The awardsranged from $2,500, $5,000, $7,500, with fifteen ofthe $10,000 scholarships and three of the $15,000scholarships. There were 337 applications submit-ted and 169 scholarship recipients selected. •The 12th Annual Conference & Career Expo was held on November 1-3 in San Antonio, TX at the Henry B. Gonzales Convention Center. The themewas “Star Leaders: Blaze Business Trails and ForgeNew Frontiers.” The conference produced a record-breaking num-ber of 1,618 attendees and 139 academic institu-tions, compared to 751 attendees and 117 schoolsin 2000. Of those 139 schools, 28 came from thetop 30 schools in the nation as listed in BusinessWeek. In addition, there was an increase from 632to 879 in the amount of professionals that attendedthe event.

MBA students and undergraduates numbers alsoclimbed up the ranks from 751 and 20 to 1,618 and38 respectively.During the Hispanic Leadership Plenary, in whichHispanic professionals and executives sharedvisions from their experience of forging businessfrontiers, Abelardo E. Bru, President & CEO of FritoLay North America, was the Corporate KeynoteSpeaker. His inspiring speech was about forgingcorporate frontiers.Not only did attendees enjoy the activities at theconference, but they also took delight in the sightsand sounds of San Antonio’s diversions: The RiverWalk, The Alamo, Tex-Mex food and Southern hos-pitality.•Two chapters became full members:Minneapolis/St.Paul and Tampa Bay.In addition, there were three Chapters-In Formation,which were San Jose, Kansas City andPhiladelphia.

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Chapter OrganizationsC h a p t e r O r g a n i z a t i o n s

2002 Chapter Presidents

Zaida Pericas, AtlantaPatricia Pérez O´Leary, AustinIsrael López, BostonKen Santiago, ChicagoStephanie Leichnam, Dallas/Ft. WorthRosaura Aburto McDonough, DenverDonald Patrick Martínez, DetroitJoseph Mesquita, HartfordJuan J. Padrón, HoustonSteve Ramos, IndianapolisLaura Rivas, Los AngelesRoberto Macher and Miguel Reyna, MiamiMark Ponce, Minneapolis-St. PaulMaria Icaza, New OrleansJesus Maldonado-Reyes, New YorkFrancisco Avalos, Orange CountyYanina Rosario, OrlandoCosette Gutiérrez, PhoenixBenjamín Rodríguez, San AntonioChanda Idano, San DiegoMauricio Alvarado, San FranciscoBárbara Rivera, San JuanSheila Godreau, Tampa BayJulian Teixeira, Washington DC

2002 Board of Directors

Manny MartinezChairmanDonna BlanceroVice ChairpersonRicardo RojoSecretary/Legal & Compliance OfficerEdmund NonacaTreasurer/Chief Financial OfficerMiguel FigueroaFundraising ChairpersonMartha SalinasEducation ChairpersonDaisy Ortiz-CirihalMarketing/Public Relations ChairpersonNereida (Neddy) PerezRegional Chairperson, Central RegionManuel J. FernandezRegional Chairperson, Eastern RegionMichael M. ValenciaRegional Chairperson, Western RegionJaime OrnelasChairman Emeritus

2002 Corporate Advisory Board

AMR CorporationAOL Time WarnerA.T. Kearney, Inc.Bank of AmericaCap Gemini Ernst & YoungCapital OneCitigroupDell ComputerDePaul UniversityDr Pepper/Seven Up, Inc.Ford Motor CompanyGeneral MillsIntel CorporationJohnson & JohnsonMarsh McClennan CompaniesMicrosoftPepsiCo, Inc.Philip Morris Companies Inc.Pitney BowesPwC ConsultingProcter & GambleSun MicrosystemsUnited Technologies CorporationUniversity of MarylandVerizon CommunicationsWachovia CorporationThe Walt Disney Company

Chapter OrganizationsC h a p t e r O r g a n i z a t i o n s

SHMBA is continuously finding ways toincrease the number of Hispanicsenrolled in graduate business programs.Our organization has created a pipeline

between Hispanic students and Hispanic business pro-fessionals. In 2001, there were 23 chapters and 4,243members.

AlbuquerqueOn Wednesday, May 16, the Chapter hosted its firstDestination MBA Event entitled, “MBA Forum & NSHM-BA Scholarship Night,” at the University of New Mexico,Anderson School of Management. The goal was to pro-vide MBA information to undergraduates and employedgraduates, as well as promote the NSHMBA ScholarshipProgram.

AtlantaIn celebration of their official designation as a NSHMBAChapter, they hosted a fun-filled event. Over 270 guestsattended the event and helped raise $5,000 in a silentauction that was donated to the scholarship fund.

AustinOn Saturday, October 13, the chapter and DellComputer hosted the First Annual ProfessionalDevelopment Day. Members were able to network andmeet with professionals from Dell.

BostonChapter kicked-off its first year as an official chapter attheir Inaugural Reception. The reception was sponsoredby FleetBoston Finacial and Harvard University. Morethan 100 representatives from corporate, academic andcommunities attended the event.

ChicagoOn Friday, April 6, the chapter held its 2001 Kick-0ffEvent. It was an enjoyable evening of Latin Jazz, net-working, awards, cocktails and lots of fun.

Dallas/ Ft. WorthOn September 15, the chapter hosted its first gala, withthe theme, “Latin Explosion: Shaping the Leaders ofTomorrow.” The keynote speaker was John C. Guerra,Jr., AT&T consumer marketing vice president for theSouthwest Region. The gala’s purpose was to raisefunds for chapter initiatives.

DenverIn partnership with the College of BusinessAdministration of the University of Colorado at Denverand the Ford Motor Company’s Denver Regional Office,NSHMBA Western Region held its first Leadership andChapter Development Institute. The purpose was to pro-vide professional development to chapter leaders and

provide tools to develop strategic goals.DetroitThe chapter held its first Annual Gala and Fundraiser formembers, sponsors and local partners. The guestspeaker was the Honorable Dennis W. Archer, Mayor ofthe City of Detroit.

HartfordOver 125 people attended the Chapter’s 3rd AnnualAwards Celebration, which recognizedmany programs and activities. Such programs were theCollege/Corporate QUEST 2001 recruting event and theCorporate Summer Intern Program.

Houston More than 150 people attended the chapter’s 2ndAnnual MBA Forum and Scholarship Night. The goalwas to provide Latinos with information about the differ-ent programs and admission requirements of specificgraduate schools.

Los AngelesOn September 15, the chapter held the 1st Annual MBAStudent Welcome Mixer, featuring the first ever “MBAGames Business School Challenge 2001.” The event,which took place in Griffith Park, brought together MBAstudents throughout Southern California and over 10Fortune 500 companies.

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Top row (l to r): Michael Valencia, Miguel Figueroa, Ed Cruz, Tito Súarez,Bessie Ramírez, Mauricio Alvarado, Francisco Avalos, Patricia Bravo,Garient Evans. Middle row (l to r): Carlos López, Ed Nonaca, Anita Sanchez, Ana Gaskie.Seated: Toti Cadavid, Martha Rubí, Rosy Aburto-McDonough, CosetteGutierrez, Nayeli Solorzano.

Chapter OrganizationsC h a p t e r O r g a n i z a t i o n s

MiamiWith the support of Citrix Systems, the Chapter pre-sented an informational lecture on the application ofan MBA education to e-commerce. Theevent attractedmany new members from surrounding universities, aswell as technology professionals from local compa-nies.

Minneapolis/ St. PaulOn July 28, the chapter and the National BlackAssociation hosted the first Annual ProfessionalDevelopment Conference. There were seminars inareas of leadership, management and negotiation.

New YorkOn March 22, together with New York Black MBAsand MetLife Harlem Financial Services Center, thechapter hosted an event entitled, “From Wall Street to125th Street.” There was a distinguished panel thatdiscussed financial services in the urban area.

Orange CountyOn Tuesday, August 28, the chapter hosted an excit-ing summer event entitled,” How the Tax Relief Act of2001 Affects You and Your Education Planning!” Thespecial guest speaker was Flora Burke, VicePresident, Sales Director of Citigroup AssetManagement.

OrlandoOn Wednesday, March 7, the chapter held aProfessional Networking Reception at the SunTrustBanker’s Guest Club. This event was an opportunityfor members to present their nominations for theBoard of Directors.

PhoenixThe chapter hosted the first major speaking engage-ment by a senior executive, Intel Corporation’s VicePresident and Worldwide Manufacturing OperationsGeneral Manager, Brian Harrison. The event was alsosponsored by the Graduate Latin Business Exchangeand the ASU MBA affiliate student organization of thePhoenix Chapter.

San AntonioOn November 1-3, the Chapter welcomed a record-breaking 3,901 attendess to the 12th Annual NationalConference & Career Expo. The theme was “StarLeaders: Blaze Business Trails & Forge NewFrontiers.” Attendees visited with 23 corporate andacademic sponsors, taking advantage of all the SanAntonio has to offer in and outside of the Conference.

San DiegoThe Chapter sponsored its first San Diego PadreFamily Day at QualComm Stadium, in an effort to attract prospective members. Also in attendancewere professionals from Gateway, Palm, Inc. and theVP of Hispanic & International Marketing for the SanDiego Padres.

San FranciscoThe Chapter held its first Professional DevelopmentSession, hosted by Right Management Consultants.The guest speaker was Danny Lewis, Lead SeniorCareer Management Consultant for the SanFrancisco, San Ramon region.

San JuanOn April 25-29, the chapter, in partnership with theHispanic Bar Association, the U.S. Chamber ofCommerce and the League of Latin AmericanCitizens, hosted the first Hispanic Internet Summit atthe InterContinental Resort & Casino.

Tampa BayThe new chapter-in-formation held their kick-off recep-tion at the University of Tampa, John H. Sykes Schoolof Business. Over 60 members and guests, includingseveral representatives from school and corporations,attended the event sponsored by Tropicana Products,Inc.

Washington D.C.The chapter celebrated its 10th Anniversary and as along-standing tradition, it held a reception hosted by aHispanic member of Congress. This year’s theme was“Educational Challenges in the New Millenium.”

The 12th Annual Conference & Career Expo set a new record fortotal attendees at 3,901, including 1,618 MBA students from 139universities.

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