Nonprofit · EIN 84-3419477
LATINO BUSINESS FOUNDATION SILICON VALLEY
Tax-exempt · SAN JOSE, CA 95116
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $589,698 | $754,951 | -$165,253 | $170,643 | $22,151 | $148,492 |
| December 31, 2023 | 990 | $766,312 | $661,611 | $104,701 | $334,245 | $20,500 | $313,745 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $505,698
- of which government grants
- $40,000
- Program service revenue
- $84,000
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $14,514
- Compensation of officers, directors and key employees
- $166,615
- Other salaries and wages
- $234,056
- Salaries, compensation and benefits (total)
- $478,550
- Professional fundraising fees
- $58,547
- Legal fees
- $139
- Accounting fees
- $19,350
- Occupancy
- $47,246
- Travel
- $9,577
- Program services (functional)
- $518,311
- Management and general (functional)
- $127,502
- Fundraising (functional)
- $109,138
Balance sheet and other
- Total assets, start of year
- $334,245
- Total assets, end of year
- $170,643
- Total liabilities, end of year
- $22,151
- Net assets, end of year
- $148,492
- Net assets without donor restrictions
- $144,595
- Net assets with donor restrictions
- $3,897
- Gross receipts
- $589,698
- Employees
- 6
- Volunteers
- 10
- Year formed
- 2019
- State of legal domicile
- CA
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| JESUS FLORES | PRESIDENT & CEO Trustee or director, Officer | 40 | $153,770 | $12,845 |
| SANDY CAMACHO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ANGELICA FLORES | TREASURER Trustee or director, Officer | 25 | $0 | $0 |
| NANCY MENDOZA | DIRECTOR Trustee or director | 1 | $0 | $0 |
| VALERIA CAMACHO | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JESUS FLORES | PRESIDENT & CEO Trustee or director, Officer | 40 | $136,177 |
| SANDY CAMACHO | SECRETARY Trustee or director, Officer | 1 | $0 |
| ANGELICA FLORES | TREASURER Trustee or director, Officer | 25 | $0 |
| NANCY MENDOZA | DIRECTOR Trustee or director | 1 | $0 |
| VALERIA CAMACHO | DIRECTOR Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 1652 ALUM ROCK AVE C, SAN JOSE, CA 95116-2437
- In care of
- % JESUS FLORES
- Principal officer (990 for 2024)
- JESUS FLORES, 1652 ALUM ROCK AVE, SAN JOSE, CA 95116
- Signed the 990
- JESUS FLORES, PRESIDENT & CEO
- Phone
- (408) 618-8505
- Website
- LBFSV.ORG
- 990-N for 2019 filed under this EIN
- Most likely by a chapter, club or affiliate (it says receipts are normally $50,000 or less). Officer: JESUS FLORES, 1652 ALUM ROCK AVE, SAN JOSE CA 95116. Mailing address: 1652 ALUM ROCK AVE, SAN JOSE CA 95116.
- Return prepared by
- HUTCHINSON AND BLOODGOOD LLP
California records
California keeps its own records of charities and corporations. Search them by EIN 84-3419477 or by the name LATINO BUSINESS FOUNDATION SILICON VALLEY.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
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.
Program accomplishments
- SMALL BUSINESS ASSISTANCE: AS CALIFORNIA'S NONPROFIT OF THE YEAR 2024, LBFSV REMAINED THE TRUSTED FIRST STOP FOR LOCAL FAMILY BUSINESSES SEEKING PRACTICAL, BILINGUAL GUIDANCE. OUR TECHNICAL ASSISTANCE COMBINED INDIVIDUALIZED COACHING WITH GROUP LEARNING SO ENTREPRENEURS COULD ACT QUICKLY AND CONFIDENTLY. ONE-ON-ONE SUPPORT COVERED BUSINESS ESSENTIALS, WRITING OR REFINING BUSINESS PLANS, AND HANDS-ON HELP WITH DIGITAL PRESENCE. MANY OWNERS RECEIVED FULL BRAND BOOK SUPPORT THAT INCLUDED LOGO CREATION AND SIMPLE CONTENT CALENDARS SO THEY COULD LAUNCH OR REFRESH THEIR IDENTITY WITHOUT GUESSWORK. WE CONTINUED TO CONNECT ENTREPRENEURS TO A RELIABLE PARTNER REFERRAL NETWORK FOR LEGAL, FINANCE, LENDING, AND PERMITTING NEEDS. OUR COMMUNITY PROFILE STAYED CONSISTENT WITH 97 PERCENT LOW TO MEDIAN INCOME, 87 PERCENT WOMEN, AND THE SAME DIVERSITY MIX THAT CENTERS LATINO AND IMMIGRANT FAMILIES. BY MEETING PEOPLE IN ENGLISH AND SPANISH AND TAILORING TA TO THEIR EXACT STAGE, LBFSV HELPED FAMILY BUSINESSES FORMALIZE, MARKET, AND GROW. THESE RESULTS UNDERSCORE WHY OUR WORK WAS RECOGNIZED STATEWIDE IN 2024.Expenses $171,598 · grants $14,514 · revenue $84,000
- WOMEN IN POWER: WOMEN IN POWER GREW INTO AN EVEN STRONGER ECOSYSTEM FOR WOMEN BALANCING CAREGIVING, WORK, AND ENTREPRENEURSHIP. MEMBERSHIP REACHED 794, CREATING A SUPPORTIVE PEER NETWORK THAT SHARES REAL STRATEGIES AND ACCOUNTABILITY. OUR THREE-SESSION HABLAR CON CONFIANZA SERIES CONCLUDED WITH AN INSPIRING IN-PERSON GATHERING AND ENGAGED ABOUT 250 PARTICIPANTS ACROSS THE SERIES. SESSIONS FOCUSED ON COMMUNICATION, LEADERSHIP, ACCESS TO CAPITAL, WEB PRESENCE, SOCIAL MEDIA, AND EFFECTIVE NETWORKING. THE SINGLE MOTHERS BUSINESS OWNERS TRACK PROVIDED TAILORED COACHING THAT RESPECTED TIME CONSTRAINTS AND PRIORITIZED INCOME STABILITY AND CONFIDENCE BUILDING. PARTICIPANTS LEFT WITH CLEARER GOALS, BETTER DIGITAL TOOLS, AND A CIRCLE OF PEERS TO LEAN ON. THE PROGRAM'S MOMENTUM AND OUTCOMES CONTRIBUTED DIRECTLY TO LBFSV BEING NAMED CALIFORNIA'S NONPROFIT OF THE YEAR.Expenses $120,473
- BUSINESS ACADEMY: IN PARTNERSHIP WITH SANTA CLARA UNIVERSITY'S MOBI, THE LATINO BUSINESS ACADEMY DELIVERED OUR 12-MODULE CURRICULUM IN ENGLISH AND SPANISH WITH INDIVIDUALIZED COACHING TO ENSURE COMPLETION AND PRACTICAL APPLICATION. WE INCREASED TO FOUR COHORTS THIS YEAR TO MEET DEMAND. THE FINAL CLASS MET IN PERSON AND DOUBLED AS A PEER NETWORKING SESSION HOSTED BY MOBI AT SCU, STRENGTHENING RELATIONSHIPS THAT CONTINUE BEYOND GRADUATION. WE HELD TWO JOYFUL GRADUATION CEREMONIES HONORING PERSISTENCE AND PROGRESS. IN 2024 THE ACADEMY CELEBRATED 997 GRADUATES, EACH ADVANCING WITH A STRONGER BUSINESS PLAN, CLEARER COMPLIANCE STEPS FOR LICENSING AND PERMITS, AND BETTER CASH-FLOW PRACTICES. THROUGHOUT THE YEAR WE COMPLEMENTED COURSEWORK WITH 13 TARGETED WORKSHOPS, INCLUDING CALIFORNIA DIGITAL COACH FROM GROW WITH GOOGLE, REDES SOCIALES PARA MI NEGOCIO, CONSTRUYENDO UNA BASE FINANCIERA, MEHKO, AND SMALL BUSINESS TAXES. THESE INTEGRATED OFFERINGS REFLECT THE QUALITY AND IMPACT RECOGNIZED THROUGH OUR CALIFORNIA NONPROFIT OF THE YEAR 2024 AWARD.Expenses $98,400
- 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.Expenses $127,840
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 84-3419477
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S41)
- Assets (IRS master file)
- $170,643
- Income (IRS master file)
- $589,698
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $589,698 | $754,951 | $170,643 | XML |
| 990 | December 2023 | $766,312 | $661,611 | $334,245 | XML |
| 990 | December 2022 | – | – | – | IRS |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2019 Officer: JESUS FLORES Filed under this EIN, most likely by a chapter or affiliate | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 84-3419477).
Questions about LATINO BUSINESS FOUNDATION SILICON VALLEY
- What is the EIN of LATINO BUSINESS FOUNDATION SILICON VALLEY?
- The employer identification number (EIN) of LATINO BUSINESS FOUNDATION SILICON VALLEY is 84-3419477.
- Is LATINO BUSINESS FOUNDATION SILICON VALLEY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to LATINO BUSINESS FOUNDATION SILICON VALLEY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LATINO BUSINESS FOUNDATION SILICON VALLEY 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 LATINO BUSINESS FOUNDATION SILICON VALLEY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LATINO BUSINESS FOUNDATION SILICON VALLEY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LATINO BUSINESS FOUNDATION SILICON VALLEY?
- The 990 for the year ended December 31, 2024 names JESUS FLORES.
- Who are the officers and directors of LATINO BUSINESS FOUNDATION SILICON VALLEY?
- The 990 for the year ended December 31, 2024 lists 5 people; 1 received compensation from the organization, the highest $153,770 (JESUS FLORES, PRESIDENT & CEO).
- How much revenue does LATINO BUSINESS FOUNDATION SILICON VALLEY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $589,698, expenses of $754,951 and total assets of $170,643 at year end.
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- SOMOS MAYFAIR INC EIN 77-0499813 · last filed 990 for 2025
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- SANTA CLARA COUNTY ASSOCIATION OF REALTORS EIN 94-1054204 · last filed 990 for 2024
All nonprofits in SAN JOSE · California · Community improvement and capacity building