Skip to content
Nonprofiteer
← LATINO BUSINESS ACTION NETWORK INC

Form 990 for tax year 2023

Filed by LATINO BUSINESS ACTION NETWORK INC.

Totals

Total revenue
$3,260,790
Total expenses
$2,666,844
Contributions and grants received
$2,669,356
Grants paid
$0
Program service revenue
$539,091
Investment income
$36,408
Other revenue
$15,935
Total assets, end of year
$3,960,257
Total liabilities, end of year
$404,087
Net assets or fund balances, end of year
$3,556,170
Program services expenses (Part IX)
$2,127,651
Management and general expenses
$414,863
Fundraising expenses
$124,330
Program service expenses (Part III)
$2,127,651

Program services were 79.8% 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.

  • 1f · All other contributions, gifts and grants

    $2,669,356

  • 2a · Program service revenue: EVENT & CLASS

    total $539,091 · related or exempt $539,091

  • 3 · Investment income

    total $36,408 · excluded $36,408

  • 11a · Other revenue: OTHER REVENUE

    total $15,935 · related or exempt $15,935

  • 11e · Other revenue, total

    $15,935

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $219,058 · program services $120,482 · management and general $76,670 · fundraising $21,906

  • 7 · Other salaries and wages

    total $810,153 · program services $759,590 · fundraising $50,563

  • 9 · Other employee benefits

    total $200,608 · program services $151,312 · management and general $33,072 · fundraising $16,224

  • 10 · Payroll taxes

    total $65,852 · program services $49,670 · management and general $10,856 · fundraising $5,326

  • 11c · Fees: accounting

    total $20,930 · management and general $20,302 · fundraising $628

  • 11g · Fees: other

    total $196,724 · program services $15,020 · management and general $157,140 · fundraising $24,564

  • 13 · Office expenses

    total $24,094 · program services $19,359 · management and general $3,354 · fundraising $1,381

  • 14 · Information technology

    total $30,498 · program services $18,704 · management and general $11,794

  • 16 · Occupancy

    total $79,113 · program services $21,431 · management and general $57,682

  • 17 · Travel

    total $96,690 · program services $94,566 · management and general $1,062 · fundraising $1,062

  • 19 · Conferences, conventions and meetings

    total $258,786 · program services $258,582 · management and general $102 · fundraising $102

  • 20 · Interest

    total $4,055 · management and general $4,055

  • 22 · Depreciation, depletion and amortization

    total $3,682 · program services $2,657 · management and general $728 · fundraising $297

  • 23 · Insurance

    total $10,755 · program services $3,879 · management and general $6,440 · fundraising $436

  • 24a · Other expenses: SURVEY COSTS FOR RESEAR

    total $294,520 · program services $294,520

  • 24b · Other expenses: EDUCATION FEES

    total $286,651 · program services $286,651

  • 24c · Other expenses: PROGRAM PROMOTION

    total $44,941 · program services $31,228 · management and general $12,466 · fundraising $1,247

  • 24d · Other expenses: MISCELLANEOUS

    total $19,734 · management and general $19,140 · fundraising $594

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,835,616 · end of year $1,711,914

  • 2 · Savings and temporary cash investments

    beginning of year $1,101,343 · end of year $2,136,280

  • 3 · Pledges and grants receivable

    beginning of year $188,766 · end of year $90,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $11,681 · end of year $9,103

  • 10a · Land, buildings and equipment: cost or other basis

    $43,939

  • 10b · Land, buildings and equipment: accumulated depreciation

    $30,979

  • 10c · Land, buildings and equipment, net

    beginning of year $5,189 · end of year $12,960

  • 15 · Other assets

    beginning of year $6,567 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $180,424 · end of year $258,943

  • 25 · Other liabilities

    beginning of year $148,774 · end of year $145,144

  • 27 · Net assets without donor restrictions

    beginning of year $2,739,964 · end of year $2,885,712

  • 28 · Net assets with donor restrictions

    beginning of year $80,000 · end of year $670,458

Mission and programs · 2023

Mission

THE 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.

Activities or mission (Part I)

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.

  • EDUCATION PROGRAM: LBAN'S SIGNATURE PROGRAM IS THE SLEI-ED BUSINESS SCALING PROGRAM. THE 8-WEEK PROGRAM AT STANFORD UNIVERSITY IS A UNIQUELY TRANSFORMATIVE EXPERIENCE FOR LATINO OWNERS OF GROWING BUSINESSES.

    Expenses $922,570 · Revenue $539,091

  • 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 $405,182

  • 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 $799,899

  • 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

    Revenue $15,935

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Victor Arias Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    10

  • Dr Jerry Porras

    CHAIRMAN EMERITUS, FOUNDER & VISIONARY

    Total calculated
    $0
    Hours/week
    10

  • Phillip Pompa

    TREASURER

    Total calculated
    $0
    Hours/week
    4

  • Arturo Cazares

    CEO

    Total calculated
    $293,194
    From this org
    $270,000
    From related orgs
    $0
    Other
    $23,194
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,000
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $23,194
    Filer's total
    $293,194

  • George Foster

    CO-FACULTY DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alice Rodriguez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Guillermo Diaz

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Monika Mantilla

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Raul Salinas

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Rosa Santana

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Sol Truijillo

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Jennifer Garcia

    COO

    Total calculated
    $271,799
    From this org
    $244,642
    From related orgs
    $0
    Other
    $27,157
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $244,642
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $27,157
    Filer's total
    $271,799

  • Lucia Gonzalez

    SR PROGRAM MANAGER/DIRECTOR

    Total calculated
    $158,614
    From this org
    $147,600
    From related orgs
    $0
    Other
    $11,014
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $147,600
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $11,014
    Filer's total
    $158,614

  • Elian Savodivker

    DIRECTOR OF ENGAGEMENT

    Total calculated
    $170,645
    From this org
    $155,937
    From related orgs
    $0
    Other
    $14,708
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $155,937
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $14,708
    Filer's total
    $170,645

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
6 November 2024
IRS schema version
2023v5.1
Source object
202423179349308862

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.