NonprofitsHispanic Business Initiative Fund Of Florida Inc

Community Improvement & Capacity Building

Hispanic Business Initiative Fund Of Florida Inc

ORLANDO, FL

Total revenue

$4.0M

Total expenses

$4.1M

Net assets

$4.7M

Grants received

$1.9M

48 grants

EIN

593341405

Tax year

2023

Mission

Hbif is an economic development, nonprofit organization in florida specializing in providing bilingual assistance to hispanic entrepreneurs trying establish or expand their business in florida. Hbif's quality year-round professional services include educational programs, individual consulting and technical assistance, entrepreneurial grants for subcontracted services, and loan facilitation.

Programs

2 programs

Entrepreneurial grants: hbif's grants allow startups and existing businesses to receive advanced business development services at no or minimal cost, completed by subcontracted providers paid by hbif. The grants offered by hbif include: legal structure assessment, accounting assessment, business plan development, marketing plan, corporate branding, web page creation, quickbooks training, and loan application preparation. Hbif awarded entrepreneurial grants to 298 businesses.

Expenses: $886KGrants: $195K

Educational assistance: orientation sessions provide basic information about how to start a business. The hispanic business workshop series offers training on specific topics that assist entrepreneurs in making critical decisions to achieve success. Hbif had over 2,554 attendees to the educational sessions offered in spanish and free of charge.

Expenses: $843K

Financials

FY 2023

Revenue

Contributions & grants$3.9M
Program service revenue
Investment income$154K
Other revenue
Total revenue$4.0M

Expenses

Grants paid$195K
Salaries & benefits$2.8M
Fundraising$593K
Other expenses$1.1M
Total expenses$4.1M
Total assets$5.7M
Net assets$4.7M

People

19 listed

NameRoleCompensation

AUGUSTO SANABRIA

CEO/PRESIDENT

Board

$289K

40 hrs/wk

GEORGE BERMUDEZ

VICE CHAIR

Board

1 hrs/wk

LORI DUARTE-ROBERTS

SECRETARY

Board

1 hrs/wk

LUZ AVILES

CHAIR

Board

1 hrs/wk

ALEX DOMINGUEZ

DIRECTOR-AT-LARGE

Board

1 hrs/wk

CARLOS BRACKLEY

DIRECTOR-AT-LARGE

Board

1 hrs/wk

CARLOS F ESCOBAR

DIRECTOR-AT-LARGE

Board

1 hrs/wk

CAROLINA Y BLANCO

DIRECTOR-AT-LARGE

Board

1 hrs/wk

ALEXANDER SUEIRO

TREASURER

Board

1 hrs/wk

KATE WILSON

DIRECTOR-AT-LARGE

Board

1 hrs/wk

LUIS ROSERO

DIRECTOR-AT-LARGE

Board

1 hrs/wk

MERCEDES ANGELL

DIRECTOR-AT-LARGE

Board

1 hrs/wk

MIKE HERNANDEZ

DIRECTOR-AT-LARGE

Board

1 hrs/wk

RUBEN PEREZ

DIRECTOR-AT-LARGE

Board

1 hrs/wk

SHARON ARROYO

DIRECTOR-AT-LARGE

Board

1 hrs/wk

SHERRY AMBROSE

DIRECTOR-AT-LARGE

Board

1 hrs/wk

ELISHA GONZALEZ

DIRECTOR-AT-LARGE

Board

1 hrs/wk

BORIS AYALA

PAST CHAIR

Board

1 hrs/wk

LUIS E OTERO

CFO

Staff

$182K

40 hrs/wk

Grants received

Showing 48 of 48

FromAmountPurposeYear
$31K
PROGRAM SUPPORT
2024
$30K
General Support
2024
$16K
General Support
2024
$9K
Community
2024
$250K
IN SUPPORT OF PROVIDING PROCUREMENT-FOCUSED TECHNICAL ASSISTANCE INTERVENTION TO DISADVANTAGED ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES IN THE MIAMI AND ATLANTA METRO AREAS
2023
$83K
CHARITABLE DONATION
2023
$63K
ECONOMIC DEVELOPMENT
2023
$29K
General Support
2023
$13K
General Support
2023
$6K
SPONSORSHIP SUCCESS STORIES EVENT CHAMPION
2023
$250K
IN SUPPORT OF PROVIDING PROCUREMENT-FOCUSED TECHNICAL ASSISTANCE INTERVENTION TO DISADVANTAGED ENTREPRENEURS WITH LIMITED ACCESS TO RESOURCES IN THE MIAMI AND ATLANTA METRO AREAS
2022
$123K
CHARITABLE DONATION
2022
$100K
ECONOMIC DEVELOPMENT
2022
$32K
General Support
2022
$15K
PROSPERA FLORIDA 2023 HISPANIC-OWNED BUSINESS
2022
$13K
General Support
2022
$100K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$90K
PROGRAM SUPPORT
2021
$33K
General Support
2021
$15K
PROSPERA FLORIDA 2022 HISPANIC-OWNED BUSINESS PROGRAM
2021
$13K
General Support
2021
$150K
Support for expansion of a bilingual technical assistance program to serve Latinx entrepreneurs in seven rural counties in North Carolina. 201905-6521
2020
$80K
PROGRAM SUPPORT
2020
$61K
General Support
2020
$20K
CHARITABLE DONATION
2020
$15K
PROSPERA FLORIDA 2021 HISPANIC-OWNED BUSINESS PROGRAM
2020
$15K
2020 USHCC AVANZAR PROGRAM/EMERGENCY RELIEF
2020
$250
GENERAL OPERATING SUPPORT
2020
$35K
PROSPERA FLORIDA 2020 HISPANIC-OWNED BUSINESS PROGRAMMING
2019
$250
GENERAL OPERATING SUPPORT
2019
$7K
GENERAL SUPPORT
2017

Funded by

$1.9M from 15 funders · 48 grants · 2017–2024

The Rockefeller Foundation

$500K · 2 grants · 2022–2023

Charities Aid Foundation America

$226K · 3 grants · 2020–2023

The Miami Foundation Inc

$201K · 3 grants · 2020–2024

Adventist Health System Sunbelt

$185K · 5 grants · 2020–2024

Florida Business Development Corp

$163K · 2 grants · 2022–2023

Ewing Marion Kauffman Foundation

$150K · 1 grant · 2020

Jpmorgan Chase Foundation

$101K · 3 grants · 2019–2021

Details

EIN593341405
NTEE codeS43Z
Subsection03
Ruling date1998-02
Formed1995
Employees43
Volunteers103
HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA INC — Mission, Financials & Grants Received | Grantivo