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.
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.
Financials
FY 2023
Revenue
Expenses
People
19 listed
AUGUSTO SANABRIA
CEO/PRESIDENT
$289K
40 hrs/wk
GEORGE BERMUDEZ
VICE CHAIR
—
1 hrs/wk
LORI DUARTE-ROBERTS
SECRETARY
—
1 hrs/wk
LUZ AVILES
CHAIR
—
1 hrs/wk
ALEX DOMINGUEZ
DIRECTOR-AT-LARGE
—
1 hrs/wk
CARLOS BRACKLEY
DIRECTOR-AT-LARGE
—
1 hrs/wk
CARLOS F ESCOBAR
DIRECTOR-AT-LARGE
—
1 hrs/wk
CAROLINA Y BLANCO
DIRECTOR-AT-LARGE
—
1 hrs/wk
ALEXANDER SUEIRO
TREASURER
—
1 hrs/wk
KATE WILSON
DIRECTOR-AT-LARGE
—
1 hrs/wk
LUIS ROSERO
DIRECTOR-AT-LARGE
—
1 hrs/wk
MERCEDES ANGELL
DIRECTOR-AT-LARGE
—
1 hrs/wk
MIKE HERNANDEZ
DIRECTOR-AT-LARGE
—
1 hrs/wk
RUBEN PEREZ
DIRECTOR-AT-LARGE
—
1 hrs/wk
SHARON ARROYO
DIRECTOR-AT-LARGE
—
1 hrs/wk
SHERRY AMBROSE
DIRECTOR-AT-LARGE
—
1 hrs/wk
ELISHA GONZALEZ
DIRECTOR-AT-LARGE
—
1 hrs/wk
BORIS AYALA
PAST CHAIR
—
1 hrs/wk
LUIS E OTERO
CFO
$182K
40 hrs/wk
Grants received
Showing 48 of 48
Funded by
$1.9M from 15 funders · 48 grants · 2017–2024
$500K · 2 grants · 2022–2023
$226K · 3 grants · 2020–2023
$201K · 3 grants · 2020–2024
$185K · 5 grants · 2020–2024
$163K · 2 grants · 2022–2023
$150K · 1 grant · 2020
$119K · 13 grants · 2020
$101K · 3 grants · 2019–2021