NonprofitsLatino Business Foundation Silicon Valley

Community Improvement & Capacity Building

Latino Business Foundation Silicon Valley

SAN JOSE, CA

Total revenue

$590K

Total expenses

$755K

Net assets

$148K

Grants received

$922K

21 grants

EIN

843419477

Tax year

2024

Mission

To provide empowering resources to existing and future leaders in the business community through long-lasting learning and support.

Programs

3 programs

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: $120K

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: $98K

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: $128K

Financials

FY 2024

Revenue

Contributions & grants$506K
Program service revenue$84K
Investment income
Other revenue
Total revenue$590K

Expenses

Grants paid$15K
Salaries & benefits$479K
Fundraising$109K
Other expenses$203K
Total expenses$755K
Total assets$171K
Net assets$148K

People

5 listed

NameRoleCompensation

JESUS FLORES

PRESIDENT & CEO

Board

$154K

40 hrs/wk

SANDY CAMACHO

SECRETARY

Board

1 hrs/wk

ANGELICA FLORES

TREASURER

Board

25 hrs/wk

NANCY MENDOZA

DIRECTOR

Board

1 hrs/wk

VALERIA CAMACHO

DIRECTOR

Board

1 hrs/wk

Grants received

Showing 21 of 21

FromAmountPurposeYear
$150K
TO PROVIDE GENERAL OPERATING SUPPORT
2024
$105K
Community Development
2024
$10K
PROGRAM EXPANSION
2024
$10K
TO ASSIST IN BUILDING THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY.
2024
$105K
Community Development
2023
$100K
PROGRAM EXPANSION
2023
$40K
TO PARTICIPATE IN REWORK THE BAY'S EQUITY AT WORK COUNCIL.
2023
$25K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2023
$20K
General Support
2023
$10K
TO ASSIST IN BUILDING THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY.
2023
$56K
Community Development
2022
$50K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$50K
EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT
2022
$40K
PROGRAM - TO SUPPORT EQUITY AT WORK COUNCIL
2022
$19K
Growth of small business
2022
$10K
TO BECOME SILICON VALLEY'S ""GO TO PLACE"" FOR SMALL AND MICRO BUSINESS' NEEDS AND RESOURCES. AND TO BUILD THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY.
2022
$40K
PROGRAM - TO PARTICIPATE IN REWORK THE BAY'S EQUITY AT WORK COUNCIL, A CROSS-SECTOR WORKING GROUP TO HELP DRIVE ITS PROGRAMMATIC STRATEGY, GENERATE POLICY AND OTHER SYSTEMS CHANGE RECOMMENDATIONS, AND MODEL DEEP COLLABORATION.
2021
$5K
TO BECOME SILICON VALLEY'S "GO TO PLACE" FOR SMALL AND MICRO BUSINESS' NEEDS AND RESOURCES. AND TO BUILD THE TOOLS NECESSARY FOR MINORITY ENTREPRENEURS ESPECIALLY THOSE IN LOW INCOME NEIGHBORHOODS TO PROSPER AND GROW, CREATING A THRIVING COMMUNITY.
2020

Funded by

$922K from 10 funders · 21 grants · 2020–2024

Silicon Valley Community Foundation

$266K · 3 grants · 2022–2024

The Sobrato Family Foundation

$150K · 1 grant · 2024

Tides Foundation

$125K · 3 grants · 2022–2023

The San Francisco Foundation

$120K · 3 grants · 2021–2023

New Profit Inc

$110K · 2 grants · 2023–2024

Local Initiatives Support Corporation

$65K · 2 grants · 2020–2022

Excite Credit Union

$35K · 4 grants · 2020–2024

Lorber Family Foundation

$20K · 1 grant · 2023

Details

EIN843419477
NTEE codeS41
Subsection03
Ruling date2020-04
Formed2019
Employees6
Volunteers10
LATINO BUSINESS FOUNDATION SILICON VALLEY — Mission, Financials & Grants Received | Grantivo