NonprofitsSuazo Business Center

Human Services

Suazo Business Center

SALT LAKE CTY, UT

Total revenue

$1.6M

Total expenses

$1.5M

Net assets

$1.5M

Grants received

$1.7M

52 grants

EIN

043693364

Tax year

2023

Mission

The suazo business center is a 501 (c)(3) nonprofit whose mission is to focus on the economic empowerment of the minority community through entrepreneurship. We work to end cycles of poverty, eliminate generational wealth gaps, and build self-reliance through small business ownership. We are a small business and workforce development education resource committed to the development and empowerment of the latino / hispanic, and other underserved, communities. We support existing and new minority entrepreneurs and small business owners in becoming self-reliant and building wealth.

Financials

FY 2023

Revenue

Contributions & grants$1.4M
Program service revenue$139K
Investment income$7K
Other revenue
Total revenue$1.6M

Expenses

Grants paid$68K
Salaries & benefits$776K
Fundraising$111K
Other expenses$586K
Total expenses$1.5M
Total assets$1.6M
Net assets$1.5M

People

16 listed

NameRoleCompensation

SILVIA CASTRO

PRESIDENT &

Board

$146K

40 hrs/wk

BLAINE D BAGLEY

VICE CHAIRMA

Board

2.5 hrs/wk

R BRUCE BOWMAN

DIRECTOR

Board

2.5 hrs/wk

CHERYLE CAPLINGER

DIRECTOR

Board

1 hrs/wk

PETE CODELLA

DIRECTOR

Board

1 hrs/wk

GLADYS GONZALEZ

EMERITUS

Board

0

HOWARD M HEADLEE

TREASURER

Board

2.25 hrs/wk

ANNALISA HOLCOMBE

DIRECTOR

Board

1 hrs/wk

LORENA RIFFO JENSON

DIRECTOR

Board

2.75 hrs/wk

DIEGO ALVARADO KARSTE

DIRECTOR

Board

0.15 hrs/wk

ANTHONY F MIRABILE

CHAIRMAN

Board

2.5 hrs/wk

TED PETERSON

DIRECTOR

Board

2.25 hrs/wk

GINA RASMUSON

SECRETARY

Board

1 hrs/wk

ALICIA L SUAZO

EMERITUS

Board

0

JENNIFER TARAZON

DIRECTOR

Board

1 hrs/wk

JR VERA

DIRECTOR

Board

1.5 hrs/wk

Grants received

Showing 52 of 52

FromAmountPurposeYear
$333K
IN SUPPORT OF NEIGHBORHOOD REVITALIZATION
2024
$50K
General Financial Support
2024
$12K
General Support
2024
$10K
SUPPORTING UNDERSERVED AND LOW-INCOME ENTREPRENEURS IN UTAH
2024
$10K
BUSINESS STARTUP AND BUSINESS GROWTH EDUCATION PROGRAMS.
2024
$8K
OPERATIONS
2024
$150K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2023
$60K
SUPPORT SMALL BUSINESS OWNERSHIP
2023
$55K
CHARITABLE DONATION
2023
$35K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2023
$30K
Community Development
2023
$28K
HISPANIC OUTREACH
2023
$25K
PROGRAM/OPERATING SUPPORT
2023
$20K
GENERAL SUPPORT
2023
$15K
SUPPORTING UNDERSERVED AND LOW-INCOME ENTREPRENEURS IN UTAH
2023
$10K
TO SUPPORT THE ENTREPRENEURSHIP STARTUP AND GROWTH PROGRAMS, SPECIFICALLY FOR THOSE ADDRESSING BUSINESS AND FINANCIAL EDUCATION
2023
$10K
SUPPORTING UNDERSERVED AND LOW-INCOME ENTREPRENEURS IN UTAH
2023
$10K
BUSINESS STARTUP AND BUSINESS GROWTH EDUCATION PROGRAMS.
2023
$8K
GENERAL CHARITABLE PURPOSES
2023
$8K
SUPPORT MINORITY OWNED BUSINESSES
2023
$5K
SUPPORTING UTAHS UNDERSERVED AND LOW-INCOME ENTREPRENEURS
2023
$3K
COMMUNITY SERVICES TO LMI
2023
$150K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2022
$100K
PROGRAM/OPERATING SUPPORT
2022
$25K
GENERAL OPERATING
2022
$15K
Supporting Low- and Moderate-Income Entrepreneurs in Utah
2022
$10K
COMMUNITY OUTREACH & ENRICHMENT PROGRAMS
2022
$10K
GENERAL CHARITABLE PURPOSES
2022
$10K
BUSINESS STARTUP AND BUSINESS GROWTH EDUCATION PROGRAMS.
2022
$6K
CHARITABLE DONATION
2022
$5K
GENERAL OPERATING SUPPORT
2022
$3K
ECONOMIC DEVELOPMENT
2022
$2K
BUSINESS RESOURCE FOR DEVELOPMENT AND EMPOWERMENT OF THE LATINO/HISPANIC AND OTHER UNDERSERVED COMMUNITIES
2022
$150K
IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION
2021
$20K
Supporting Low- and Moderate-Income Entrepreneurs in Utah
2021
$5K
SUPPORT MINORITY OWNED BUSINESSES
2021
$4K
RESOURCE FOR MINORITY OWNED BUSINESSES
2021
$20K
GENERAL OPERATING SUPPORT
2020
$15K
DIGITAL TOOLS AND ADVISING FOR EXISTING BUSINESS
2020
$8K
BUSINESS STARTUP AND BUSINESS GROWTH EDUCATION PROGRAMS TO INCLUDE A WOMEN'S COHORT.
2020
$3K
PROGRAM SUPPORT-MINORITY FINANCIAL LITERACY AND EMPOWERMENT PROGRAM
2020
$26K
Charitable Donation
2019
$3K
PROGRAM SUPPORT-MINORITY FINANCIAL LITERACY AND EMPOWERMENT PROGRAM
2019

Funded by

$1.7M from 26 funders · 52 grants · 2018–2024

Jpmorgan Chase Foundation

$803K · 5 grants · 2020–2024

The Bank of America Charitable Foundation Inc

$257K · 6 grants · 2020–2023

Charities Aid Foundation America

$86K · 3 grants · 2019–2023

Ally Charitable Foundation

$55K · 4 grants · 2021–2024

The Goldman Sachs Charitable Gift Fund

$45K · 2 grants · 2022–2023

Wcf Foundation

$38K · 4 grants · 2020–2024

Details

EIN043693364
NTEE codeP842
Subsection03
Ruling date2002-12
Formed2002
Employees18
Volunteers48
SUAZO BUSINESS CENTER — Mission, Financials & Grants Received | Grantivo