Nonprofit · EIN 04-3693364
SUAZO BUSINESS CENTER
Tax-exempt · SALT LAKE CTY, UT 84104
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $1,705,273 | $1,529,015 | $176,258 | $1,781,590 | $136,982 | $1,644,608 |
| September 30, 2024 | 990 | $1,593,220 | $1,459,275 | $133,945 | $1,560,866 | $92,516 | $1,468,350 |
| September 30, 2023 | 990 | $1,540,347 | $1,479,831 | $60,516 | $1,406,762 | $72,357 | $1,334,405 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $1,556,254
- of which government grants
- $565,091
- Program service revenue
- $138,204
- Investment income
- $10,815
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $26,060
- Compensation of officers, directors and key employees
- $185,564
- Other salaries and wages
- $447,046
- Salaries, compensation and benefits (total)
- $732,188
- Professional fundraising fees
- $73,600
- Legal fees
- $2,766
- Accounting fees
- $7,900
- Occupancy
- $66,948
- Travel
- $31,281
- Depreciation
- $24,079
- Program services (functional)
- $1,173,442
- Management and general (functional)
- $172,616
- Fundraising (functional)
- $182,957
Balance sheet and other
- Total assets, start of year
- $1,560,866
- Total assets, end of year
- $1,781,590
- Total liabilities, end of year
- $136,982
- Net assets, end of year
- $1,644,608
- Land, buildings and equipment
- $394,798
- Net assets without donor restrictions
- $1,494,608
- Net assets with donor restrictions
- $150,000
- Gross receipts
- $1,705,273
- Employees
- 15
- Year formed
- 2002
- State of legal domicile
- UT
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SILVIA CASTRO | PRESIDENT & Officer | 40 | $179,023 | $19,972 |
| BLAINE D BAGLEY | DIRECTOR Trustee or director | 2.25 | $0 | $0 |
| R BRUCE BOWMAN | SECRETARY Trustee or director, Officer | 2.25 | $0 | $0 |
| CHERYLE CAPLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE CODELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JUANITA DAMON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| REYES FLORES | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LEO GUTIERREZ | DIRECTOR Trustee or director | 1 | $0 | $0 |
| HOWARD M HEADLEE | VICE CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| ELI MADRIGAL | DIRECTOR Trustee or director | 1 | $0 | $0 |
| MARLON MORALES | DIRECTOR Trustee or director | 2.25 | $0 | $0 |
| TED PETERSON | TREASURER Trustee or director, Officer | 2.25 | $0 | $0 |
| LORENA RIFFO-JENSON | CHAIR Trustee or director, Officer | 2.5 | $0 | $0 |
| JENNIFER TARAZON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JR VERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARCIA WHITE | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SILVIA CASTRO | PRESIDENT & Officer | 40 | $145,875 | $17,413 |
| BLAINE D BAGLEY | VICE CHAIRMA Trustee or director, Officer | 2.5 | $0 | $0 |
| R BRUCE BOWMAN | DIRECTOR Trustee or director | 2.5 | $0 | $0 |
| CHERYLE CAPLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE CODELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLADYS GONZALEZ | EMERITUS Trustee or director | 0 | $0 | $0 |
| HOWARD M HEADLEE | TREASURER Trustee or director, Officer | 2.25 | $0 | $0 |
| ANNALISA HOLCOMBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORENA RIFFO JENSON | DIRECTOR Trustee or director | 2.75 | $0 | $0 |
| DIEGO ALVARADO KARSTE | DIRECTOR Trustee or director | 0.15 | $0 | $0 |
| ANTHONY F MIRABILE | CHAIRMAN Trustee or director, Officer | 2.5 | $0 | $0 |
| TED PETERSON | DIRECTOR Trustee or director | 2.25 | $0 | $0 |
| GINA RASMUSON | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALICIA L SUAZO | EMERITUS Trustee or director | 0 | $0 | $0 |
| JENNIFER TARAZON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JR VERA | DIRECTOR Trustee or director | 1.5 | $0 | $0 |
990 for the year ended September 30, 2023: 16 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| SILVIA CASTRO | PRESIDENT & Officer | 40 | $169,917 | $11,820 |
| BLAINE D BAGLEY | VICE CHAIRMA Trustee or director, Officer | 2 | $0 | $0 |
| R BRUCE BOWMAN | DIRECTOR Trustee or director | 1 | $0 | $0 |
| CHERYLE CAPLINGER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| PETE CODELLA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GLADYS GONZALEZ | EMERITUS Trustee or director | 0 | $0 | $0 |
| HOWARD M HEADLEE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| ANNALISA HOLCOMBE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| LORENA RIFFO JENSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| DIEGO ALVARADO KARSTE | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ANTHONY F MIRABILE | CHAIRMAN Trustee or director, Officer | 2 | $0 | $0 |
| TED PETERSON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| GINA RASMUSON | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALICIA L SUAZO | EMERITUS Trustee or director | 0 | $0 | $0 |
| JENNIFER TARAZON | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JR VERA | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 960 W 1700 S, SALT LAKE CTY, UT 84104-2200
- In care of
- % SUAZO BUSINESS CENTER
- Principal officer (990 for 2024)
- SILVIA CASTRO, 960 WEST 1700 SOUTH, SALT LAKE CITY, UT 841042200
- Signed the 990
- SILVIA CASTRO, PRESIDENT & CEO
- Phone
- (801) 521-1709
- Website
- HTTPS://WWW.SUAZOCENTER.ORG/
- Return prepared by
- BOUNTIFUL PEAK ADVISORS
Mission
THE SUAZO BUSINESS CENTER IS A 501 (C)(3) NONPROFIT WHOSE MISSION IS TO FOCUS ON THE ECONOMIC EMPOWERMENT OF THE MINORITY COMMUNITY THROUGH ENTREPRENEURSHIP. WE WORK TO END CYCLES OF POVERTY, ELIMINATE GENERATIONAL WEALTH GAPS, AND BUILD SELF-RELIANCE THROUGH SMALL BUSINESS OWNERSHIP. WE ARE A SMALL BUSINESS AND WORKFORCE DEVELOPMENT EDUCATION RESOURCE COMMITTED TO THE DEVELOPMENT AND EMPOWERMENT OF THE LATINO / HISPANIC, AND OTHER UNDERSERVED, COMMUNITIES. WE SUPPORT EXISTING AND NEW MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS IN BECOMING SELF-RELIANT AND BUILDING WEALTH.
Program accomplishments
- IN FISCAL YEAR 2025, SUAZO BUSINESS CENTER CONTINUED TO DRIVE INCLUSIVE ECONOMIC GROWTH FOR UTAHS UNDERSERVED ENTREPRENEURS. BUILDING ON OUR CDFI CERTIFICATION, WE EXPANDED ACCESS TO CAPITAL AND DELIVERED BILINGUAL TRAINING THAT EQUIPS CLIENTS TO LAUNCH, SUSTAIN, AND GROW THEIR BUSINESSES. SUAZO SERVED 920 UNDUPLICATED CLIENTS, LAUNCHED 246 NEW BUSINESSES, CREATED OR RETAINED 1,091 JOBS, AND DELIVERED 2,361 BUSINESS ADVISING SESSIONS. 95% OF PARTICIPANTS WERE LOW-TO-MODERATE INCOME AND 99% IDENTIFIED AS MINORITIES. OUR WORK CONTINUES TO LEVEL THE PLAYING FIELD, STRENGTHENING FAMILY LIVELIHOODS AND ADVANCING ECONOMIC EQUITY ACROSS UTAHS DIVERSE COMMUNITIES.Expenses $1,173,442 · grants $26,060 · revenue $138,204
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 04-3693364
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2002
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P842)
- Assets (IRS master file)
- $1,781,590
- Income (IRS master file)
- $1,705,273
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $1,705,273 | $1,529,015 | $1,781,590 | IRS |
| 990 | September 2024 | $1,593,220 | $1,459,275 | $1,560,866 | XML |
| 990 | September 2023 | $1,540,347 | $1,479,831 | $1,406,762 | XML |
| 990 | September 2022 | $1,289,713 | $1,174,247 | $1,347,138 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-3693364).
Questions about SUAZO BUSINESS CENTER
- What is the EIN of SUAZO BUSINESS CENTER?
- The employer identification number (EIN) of SUAZO BUSINESS CENTER is 04-3693364.
- Is SUAZO BUSINESS CENTER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2002.
- Are donations to SUAZO BUSINESS CENTER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SUAZO BUSINESS CENTER file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SUAZO BUSINESS CENTER due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SUAZO BUSINESS CENTER last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SUAZO BUSINESS CENTER?
- The 990 for the year ended September 30, 2025 names SILVIA CASTRO.
- Who are the officers and directors of SUAZO BUSINESS CENTER?
- The 990 for the year ended September 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $179,023 (SILVIA CASTRO, PRESIDENT &).
- How much revenue does SUAZO BUSINESS CENTER have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $1,705,273, expenses of $1,529,015 and total assets of $1,781,590 at year end.
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