2024-10-22T12:48:32-05:00 2023-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2023-01-01 843419477 LATINO BUSINESS FOUNDATION SILICON VALLEY LATI 4086188505 1652 ALUM ROCK AVE SAN JOSE CA 95116 JESUS FLORES PRESIDENT & CEO 4086188505 2024-10-08 1 0 GEORGETTE M GREEN P00449497 8186375000 2024-10-08 2023 2024-10-15 13:58:12Z JESUS FLORES 1652 ALUM ROCK AVE SAN JOSE CA 95116 766312 0 X LBFSV.ORG X 2019 CA TO PROVIDE EMPOWERING RESOURCES TO EXISTING AND FUTURE LEADERS IN THE BUSINESS COMMUNITY THROUGH LONG-LASTING LEARNING AND SUPPORT. 5 4 5 10 0 0 637138 691312 0 75000 0 0 0 0 637138 766312 17415 16500 0 0 316073 364848 46883 88379 124611 180956 191884 561327 661611 75811 104701 233270 334245 24226 20500 209044 313745 X OUR MISSION AT THE LATINO BUSINESS FOUNDATION SILICON VALLEY WE EMPOWER CURRENT AND ASPIRING BUSINESS LEADERS WITH ESSENTIAL RESOURCES THROUGH ENDURING EDUCATION AND SUPPORT. OUR STRATEGIC APPROACH IGNITES ENTREPRENEURIAL SPIRIT, FOSTERS BUSINESS EXPANSION, STRENGTHENS COMMUNITY TIES, AND CULTIVATES LEADERSHIP. 0 0 162678 16500 75000 SMALL BUSINESS ASSISTANCE: THE LATINO BUSINESS FOUNDATION SILICON VALLEY (LBFSV) STANDS OUT FOR ITS DEDICATION TO EMPOWERING LOCAL FAMILY BUSINESSES, PARTICULARLY THOSE FROM LOW TO MEDIAN INCOME BRACKETS, WITH 95% OF THEIR MEMBERS FALLING WITHIN THIS RANGE. NOTABLY, 80% OF THEIR SUPPORTED ENTREPRENEURS ARE WOMEN, UNDERSCORING LBFSV'S COMMITMENT TO FEMALE EMPOWERMENT. FURTHERMORE, THE FOUNDATION SERVES A DIVERSE COMMUNITY, WITH 90% OF MEMBERS BEING LATINO AND THE REMAINING 10% REPRESENTING VARIOUS IMMIGRANT GROUPS. LBFSV HAS SUPPORTED NUMEROUS ENTREPRENEURS THROUGH ITS DIVERSE ARRAY OF PROGRAMS. THESE INITIATIVES ARE DESIGNED TO BRIDGE LANGUAGE BARRIERS AND OFFER BILINGUAL SUPPORT IN BOTH ENGLISH AND SPANISH. THE FOUNDATION'S KEY OFFERINGS INCLUDE A COMPREHENSIVE BUSINESS ACADEMY COURSE, A SMALL BUSINESS INCUBATOR, A PARTNER REFERRAL NETWORK, AND A SERIES OF WORKSHOPS THAT ADDRESS THE MOST PRESSING CHALLENGES FACED BY ENTREPRENEURS. A HALLMARK OF LBFSV'S APPROACH IS ITS RESPONSIVENESS AND ADAPTABILITY. THE FOUNDATION OPERATES A HOTLINE FOR SMALL BUSINESS INQUIRIES, HAVING MANAGED OVER 420 CALLS LAST YEAR. THIS SERVICE PROVIDES IMMEDIATE ASSISTANCE AND EXPERT GUIDANCE ON A WIDE RANGE OF ISSUES. LBFSV'S COMMITMENT TO PERSONALIZED SUPPORT IS EVIDENT IN ITS TAILORED, ONE-ON-ONE ASSISTANCE FOR ENTREPRENEURS, WHETHER THEY NEED HELP COMPLETING GRANT APPLICATIONS OR REQUIRE SOCIAL MEDIA STRATEGIES TO PROMOTE THEIR BUSINESSES. ADDITIONALLY, THE FOUNDATION OFFERS GROUP PROGRAMS TO MEET COLLECTIVE NEEDS, ENSURING COMPREHENSIVE SUPPORT FOR ALL ITS MEMBERS. THROUGH THESE EFFORTS, THE LATINO BUSINESS FOUNDATION SILICON VALLEY CONTINUES TO FOSTER GROWTH, RESILIENCE, AND SUCCESS FOR SMALL BUSINESSES WITHIN THE COMMUNITY, MAINTAINING ITS VITAL ROLE AS A CORNERSTONE OF SUPPORT FOR LOCAL ENTREPRENEURS. 90390 WOMEN IN POWER: THE WOMEN IN POWER INITIATIVES BY THE LATINO BUSINESS FOUNDATION OF SILICON VALLEY EMPOWER WOMEN ENTREPRENEURS BY PROVIDING A STRONG NETWORK OF SUPPORT AND ENTREPRENEURSHIP OPPORTUNITIES. THESE INITIATIVES INCLUDE TWO MAIN PROGRAMS: MUJERES IMPARABLES AND SINGLE MOTHERS BUSINESS OWNERS.MUJERES IMPARABLES AIMS TO EQUIP WOMEN WITH THE SKILLS AND RESOURCES NEEDED TO OVERCOME OBSTACLES AND ACHIEVE THEIR ENTREPRENEURIAL GOALS. THIS YEAR, WE CELEBRATED ANOTHER ANNIVERSARY OF THE PROGRAM, WHICH HAS GROWN TO INCLUDE 614 MEMBERS. OUR MOST POPULAR WORKSHOP SERIES ATTRACTED 288 ATTENDEES ACROSS THREE SESSIONS, EACH OFFERING A SEVEN-HOUR CURRICULUM. PARTICIPANTS WHO COMPLETED ALL CLASSES RECEIVED A CERTIFICATE TO ENHANCE THEIR PROFESSIONAL RESUMES AND DEVELOP VITAL SKILLS IN COMMUNICATION, TEAMWORK, AND LEADERSHIP.THE SINGLE MOTHERS BUSINESS OWNERS PROGRAM ADDRESSES THE UNIQUE CHALLENGES FACED BY SINGLE MOTHERS WHO ARE BOTH ENTREPRENEURS AND SOLE-INCOME PROVIDERS. THIS PROGRAM PROVIDES TAILORED SUPPORT TO HELP THESE WOMEN BALANCE THEIR ENTREPRENEURIAL ENDEAVORS WITH THEIR ROLES AS PRIMARY INCOME PROVIDERS.THROUGH WORKSHOPS, SPEAKER SERIES, AND COMMUNITY-BUILDING ACTIVITIES, THESE INITIATIVES COVER ESSENTIAL TOPICS SUCH AS SOCIAL MEDIA MARKETING, WEB PRESENCE, ACCESS TO CAPITAL, AND NETWORKING DYNAMICS. BY PARTNERING WITH PROFESSIONALS, WE EQUIP PARTICIPANTS WITH THE NECESSARY TOOLS FOR ECONOMIC INDEPENDENCE, ENSURING THEY CAN EXPLORE THEIR FULL POTENTIAL AND SUCCEED AS ENTREPRENEURS. LBFSV REMAINS COMMITTED TO FOSTERING THE GROWTH AND RESILIENCE OF WOMEN ENTREPRENEURS, ENSURING THEY HAVE THE RESOURCES AND SUPPORT NEEDED TO SUCCEED. 81508 BUSINESS ACADEMY: SINCE ITS INCEPTION, THE LATINO BUSINESS ACADEMY HAS ENROLLED OVER 2,950 STUDENTS AND PROUDLY GRADUATED MORE THAN 1,100 ENTREPRENEURS, HIGHLIGHTING ITS SIGNIFICANT IMPACT ON FOSTERING ENTREPRENEURIAL GROWTH WITHIN THE COMMUNITY. THE LATINO BUSINESS ACADEMY, IN PARTNERSHIP WITH MY OWN BUSINESS INSTITUTE (MOBI) OF SANTA CLARA UNIVERSITY, OFFERS A COMPREHENSIVE 12-MODULE COURSE DESIGNED TO EMPOWER BOTH ASPIRING AND EXISTING ENTREPRENEURS. THIS PROGRAM ENSURES DIRECT ACCESS TO HIGH-QUALITY, EASILY ACCESSIBLE TRAINING RESOURCES, WITH PERSONALIZED GUIDANCE PROVIDED BY A DEDICATED TEAM OF COACHES AND LBFSV STAFF. THE CURRICULUM IS DELIVERED IN BOTH ENGLISH AND SPANISH AND COVERS A WIDE RANGE OF ESSENTIAL TOPICS, INCLUDING BUSINESS PLANNING, FINANCING, LICENSING AND PERMITS, ACCOUNTING AND CASH FLOW MANAGEMENT, AND MUCH MORE. THIS HOLISTIC APPROACH EQUIPS ENTREPRENEURS WITH THE NECESSARY TECHNICAL AND FINANCIAL KNOWLEDGE TO ACHIEVE BUSINESS SUCCESS. PARTICIPANTS BENEFIT FROM THE FLEXIBLE STRUCTURE OF THE PROGRAM, RECEIVING ONE-ON-ONE COACHING AND TAILORED SUPPORT TO NAVIGATE AND COMPLETE THE COURSE EFFECTIVELY. THE LATINO BUSINESS ACADEMY REMAINS COMMITTED TO NURTURING THE ENTREPRENEURIAL SPIRIT AND SUPPORTING SMALL BUSINESS ASPIRATIONS WITHIN THE COMMUNITY. 91071 OTHER: VARIOUS OTHER SUPPORTING PROGRAMS INCLUDING THE VIRTUAL BUSINESS INCUBATOR AND BUSINESS COUNCIL TO FURTHER PROVIDING HIGH QUALITY SERVICES AND RESOURCES TO IMPROVE THE BUSINESS COMMUNITY. 91071 425647 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 5 1 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JESUS FLORES 4086188505 1652 ALUM ROCK AVE SAN JOSE CA 95116 JESUS FLORES PRESIDENT & CEO 40.00 X X 136177 0 0 SANDY CAMACHO SECRETARY 1.00 X X 0 0 0 ANGELICA FLORES TREASURER 25.00 X X 0 0 0 NANCY MENDOZA DIRECTOR 1.00 X 0 0 0 VALERIA CAMACHO DIRECTOR 1.00 X 0 0 0 136177 0 0 1 0 0 0 0 56000 635312 691312 CONSULTING SERVICES 541900 75000 75000 75000 766312 75000 0 0 16500 16500 137677 108690 15935 13052 167022 131856 19331 15835 36713 25645 5817 5251 23436 18767 2575 2094 683 683 21147 21147 88379 88379 45845 32980 12865 30221 26960 3261 8500 1375 7125 47329 41329 6000 10429 10428 1 6615 6064 551 1232 1232 3700 3700 SUPPLIES 3520 1609 1911 SMALL EQUIPMENT COSTS 3448 2073 1375 BANK & CREDIT CARD FEES 3275 3275 PRINTING & PUBLICATIONS 3149 637 2512 2791 51 2740 661611 425647 111353 124611 233270 269433 60000 4812 233270 334245 3814 20412 20500 24226 20500 X 177663 246742 31381 67003 209044 313745 233270 334245 104701 0 X 0 0 0 X 218315 359544 637138 691312 1906309 75000 75000 218315 359544 637138 766312 1981309 0 0 0 1981309 218315 359544 637138 766312 1981309 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 VALERIE BELLANDE 4250 SAINT AMBROISE MONTREAL CA QC H4 3R4 GRANT WRITING AND REVIEW 0 646000 88379 557621 646000 88379 557621 0 EL COMITE DE FIESTAS PATRIAS 1652 ALUM ROCK AVE C SAN JOSE CA 95116 883214685 501(C)(3) 16000 0 FMV GENERAL ASSISTANCE 1 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - PRESIDENT AND CEO, JESUS FLORES, IS THE SPOUSE OF THE TREASURER, ANGELICA FLORES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - A COPY OF THE 990 WILL BE PROVIDED TO THE BOARD OF DIRECTORS FOR APPROVAL BEFORE SUBMISSION. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT-OF-INTEREST POLICY IS PROVIDED TO ALL OUR BOARD MEMBERS. IT IS DOCUMENTED IN THE MEETING MINUTES REGULARLY AND CONSISTENTLY MONITORED FOR COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 DISCUSSED DURING BOARD MEETINGS, IS DOCUMENTED ON MEETING MINUTES AND BOARD VOTES FOR APPROVAL. THE BOARD OF DIRECTORS REVIEWS COMPARABLE DATA OF SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST.