NonprofitsLatino Business Action Network Inc

Community Improvement & Capacity Building

Latino Business Action Network Inc

SAN JOSE, CA

Total revenue

$4.4M

Total expenses

$2.8M

Net assets

$5.3M

Grants received

$2.4M

22 grants

EIN

460649020

Tax year

2024

Mission

Latino business action network ( lban) is a nonprofit entrepreneurship organization based in san jose, california. Their purpose is to strengthen the united states by improving the lives of latinos.

Programs

3 programs

Research: lban partners with stanford university graduate school ofbusiness to lead and support groundbreaking research through sleiresearch. This explores and expands the knowledge of latinoentrepreneurship across the united states.

Expenses: $448K

Ecosystem development: lban is building an empowering nationalecosystem of latino entrepreneurship. The foundation of the ecosystemis the hundreds of graduates of our business scaling program with ashared mindset for growth and mutual support. Additionally, theecosystem includes networks of mentors, capital providers, andcorporate contacts.

Expenses: $812K

Sustainability the organization funds development, production, and continuation of the most robust research in the us on the state of latino entrepreneurship along with and organization augmented stanford-based online educational program assisting latino entrepreneurs effectively scale their companies and development of a national ecosystem of scaled latinx firms across the us.

Financials

FY 2024

Revenue

Contributions & grants$3.7M
Program service revenue$656K
Investment income$29K
Other revenue$2K
Total revenue$4.4M

Expenses

Grants paid
Salaries & benefits$1.4M
Fundraising$139K
Other expenses$1.5M
Total expenses$2.8M
Total assets$5.9M
Net assets$5.3M

People

14 listed

NameRoleCompensation

ARTURO CAZARES

CEO

Board

$277K

40 hrs/wk

RAUL SALINAS

BOARD MEMBER

Board

2 hrs/wk

VICTOR ARIAS JR

CHAIRMAN

Board

10 hrs/wk

SOL TRUIJILLO

BOARD MEMBER

Board

2 hrs/wk

PHILLIP POMPA

BOARD MEMBER

Board

2 hrs/wk

ROSA SANTANA

BOARD MEMBER

Board

2 hrs/wk

GEORGE FOSTER

CO-FACULTY DIRECTOR

Board

2 hrs/wk

ALICE RODRIGUEZ

BOARD MEMBER

Board

2 hrs/wk

GUILLERMO DIAZ

BOARD MEMBER

Board

2 hrs/wk

MONIKA MANTILLA

BOARD MEMBER

Board

2 hrs/wk

JENNIFER GARCIA

COO

Staff

$246K

40 hrs/wk

ELIAN SAVODIVKER

DIRECTOR OF ENGAGEMENT

Staff

$198K

40 hrs/wk

LUCIA GONZALEZ

SR PROGRAM MANAGER/DIRECTOR

Staff

$137K

40 hrs/wk

ANELISA LAURI

SR PROGRAM MANAGER/DIRECTOR

Staff

$104K

40 hrs/wk

Independent contractors

QUALTRICS LLC

RESEARCH SERVICES

$300K

STANFORD EXECUTIVE EDUCATION

COHORT PROFESSIONAL SERVICES

$191K

Grants received

Showing 22 of 22

FromAmountPurposeYear
$50K
BUILDING ECONOMIC POWER
2024
$10K
GENERAL SUPPORT
2024
$200K
ECONOMIC OPPORTUNITY - NATIONAL
2023
$264K
SBA NAVIGATOR PROGRAM
2022
$140K
PROGRAM/OPERATING SUPPORT
2022
$52K
PROGRAM/OPERATING SUPPORT
2022
$25K
Sponsorship for the Stanford Latino Entrepreneurship Initiative Education Scaling Program
2022
$10K
GENERAL SUPPORT
2022
$10K
GENERAL SUPPORT
2022
$220K
General Support
2021
$190K
General Support
2020
$25K
Sponsorship of the Entrepreneurship Initiative Education Program
2020
$1K
Unrestricted
2020
$250
Support Latinosmall business
2020
$190K
General Support
2019

Funded by

$2.4M from 11 funders · 22 grants · 2019–2024

The Bank of America Charitable Foundation Inc

$1.2M · 9 grants · 2020–2022

Surdna Foundation Inc

$600K · 3 grants · 2019–2021

United States Hispanic Chamber Of

$264K · 1 grant · 2022

Target Foundation

$200K · 1 grant · 2023

Aarp

$50K · 2 grants · 2020–2022

Latino Community Foundation

$50K · 1 grant · 2024

Quad Cities Community Foundation

$10K · 1 grant · 2022

Impactassetsinc

$10K · 1 grant · 2024

Details

EIN460649020
NTEE codeS99
Subsection03
Ruling date2013-08
Formed2012
Employees5
Volunteers10
LATINO BUSINESS ACTION NETWORK INC — Mission, Financials & Grants Received | Grantivo