Totals
- Total revenue
- $1,593,220
- Total expenses
- $1,459,275
- Contributions and grants received
- $1,447,419
- Grants paid
- $67,733
- Program service revenue
- $138,620
- Investment income
- $7,181
- Other revenue
- $0
- Total assets, end of year
- $1,560,866
- Total liabilities, end of year
- $92,516
- Net assets or fund balances, end of year
- $1,468,350
- Program services expenses (Part IX)
- $1,208,498
- Management and general expenses
- $139,534
- Fundraising expenses
- $111,243
- Program service expenses (Part III)
- $1,208,498
Program services were 82.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$552,014
-
1f · All other contributions, gifts and grants
$895,405
-
1g · Noncash contributions included above
$499
-
2a · Program service revenue: SEMINARS & WORKSHOPS
total $119,515 · related or exempt $119,515
-
2b · Program service revenue: MICRO LOAN INTEREST AND FEES
total $19,105 · related or exempt $19,105
-
3 · Investment income
total $7,181 · excluded $7,181
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $52,433 · program services $52,433
-
2 · Grants to domestic individuals
total $15,300 · program services $15,300
-
5 · Compensation of officers, directors and key employees
total $163,469 · program services $98,081 · management and general $32,694 · fundraising $32,694
-
7 · Other salaries and wages
total $482,086 · program services $406,713 · management and general $48,262 · fundraising $27,111
-
8 · Pension plan contributions
total $22,996 · program services $18,229 · management and general $2,782 · fundraising $1,985
-
9 · Other employee benefits
total $54,236 · program services $42,993 · management and general $6,563 · fundraising $4,680
-
10 · Payroll taxes
total $52,740 · program services $41,807 · management and general $6,382 · fundraising $4,551
-
11c · Fees: accounting
total $7,133 · management and general $7,133
-
11e · Fees: professional fundraising services
total $30,000 · fundraising $30,000
-
11g · Fees: other
total $243,178 · program services $237,987 · management and general $5,191
-
12 · Advertising and promotion
total $43,302 · program services $43,302
-
13 · Office expenses
total $17,891 · program services $13,772 · management and general $2,103 · fundraising $2,016
-
14 · Information technology
total $68,699 · program services $68,699
-
16 · Occupancy
total $68,984 · program services $54,330 · management and general $8,420 · fundraising $6,234
-
17 · Travel
total $23,970 · program services $23,970
-
19 · Conferences, conventions and meetings
total $35,130 · program services $35,130
-
22 · Depreciation, depletion and amortization
total $22,852 · program services $18,115 · management and general $2,765 · fundraising $1,972
-
23 · Insurance
total $3,459 · management and general $3,459
-
24a · Other expenses: STAFF DEVELOPMENT
total $22,122 · program services $14,748 · management and general $7,374
-
24b · Other expenses: BAD DEBT EXPENSE
total $12,771 · program services $12,771
-
24c · Other expenses: MEMBERSHIP DUES
total $9,130 · program services $9,130
-
24d · Other expenses: BANK CHARGES
total $6,406 · management and general $6,406
-
24e · All other expenses
total $988 · program services $988
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $719,813 · end of year $487,755
-
2 · Savings and temporary cash investments
beginning of year $68,981 · end of year $318,387
-
4 · Accounts receivable
beginning of year $18,866 · end of year $2,706
-
7 · Other notes and loans receivable
beginning of year $188,522 · end of year $337,183
-
10a · Land, buildings and equipment: cost or other basis
$736,716
-
10b · Land, buildings and equipment: accumulated depreciation
$321,881
-
10c · Land, buildings and equipment, net
beginning of year $410,580 · end of year $414,835
-
17 · Accounts payable and accrued expenses
beginning of year $72,357 · end of year $92,516
-
27 · Net assets without donor restrictions
beginning of year $1,321,280 · end of year $1,468,350
-
28 · Net assets with donor restrictions
beginning of year $13,125
Mission and programs · 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.
-
THIS YEAR WE'VE TAKEN SIGNI?CANT STEPS FORWARD. FROM EXPANDING OUR SERVICES IN OGDEN TO BEING AWARDED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION CERTIFICATION, WE'VE EMPOWERED EVEN MORE ENTREPRENEURS TO PURSUE THEIR DREAMS. WE HELPED LAUNCH 411 NEW BUSINESSES, GENERATED OVER 1,800 JOBS, AND PROVIDED NEARLY 3,000 BUSINESS ADVISING SESSIONS. OUR WORK GOES BEYOND TECHNICAL ASSISTANCE; IT'S ABOUT LEVELING THE PLAYING ?ELD AND FOSTERING ECONOMIC EQUALITY FOR UTAH'S UNDERSERVED COMMUNITIES.
Expenses $1,208,498 · Grants $67,733 · Revenue $138,620
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Silvia CastroSILVIA CASTRO
PRESIDENT &
- Total calculated
- $163,288
- From this org
- $145,875
- From related orgs
- $0
- Other
- $17,413
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $145,875
- Bonus
- not reported
- Other
- not reported
- Deferred
- $17,413
- Nontaxable benefits
- not reported
- Filer's total
- $163,288
-
Blaine D BagleyBLAINE D BAGLEY
VICE CHAIRMA
- Total calculated
- $0
- Hours/week
- 2.5
-
R Bruce BowmanR BRUCE BOWMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.5
-
Cheryle CaplingerCHERYLE CAPLINGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Pete CodellaPETE CODELLA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Gladys GonzalezGLADYS GONZALEZ
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Howard M HeadleeHOWARD M HEADLEE
TREASURER
- Total calculated
- $0
- Hours/week
- 2.25
-
Annalisa HolcombeANNALISA HOLCOMBE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Lorena Riffo JensonLORENA RIFFO JENSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.75
-
Diego Alvarado KarsteDIEGO ALVARADO KARSTE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.15
-
Anthony F MirabileANTHONY F MIRABILE
CHAIRMAN
- Total calculated
- $0
- Hours/week
- 2.5
-
Ted PetersonTED PETERSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 2.25
-
Gina RasmusonGINA RASMUSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Alicia L SuazoALICIA L SUAZO
EMERITUS
- Total calculated
- $0
- Hours/week
- 0
-
Jennifer TarazonJENNIFER TARAZON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jr VeraJR VERA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1.5
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
DEE'S INC
$10,000
-
CHOPPER LANDSCAPING
$10,000
-
ENTERPRISE 600 LLC
$8,000
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 21 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202541539349300134
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.