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Nonprofiteer
← LATINO BUSINESS FOUNDATION SILICON VALLEY

Form 990-EZ for tax year 2022

Filed by LATINO BUSINESS FOUNDATION SILICON VALLEY.

Totals

Total revenue
$0
Total expenses
not reported
Contributions and grants received
not reported
Grants paid
not reported
Program service revenue
not reported
Membership dues (line 3)
not reported
Investment income (line 4)
not reported
Gain or loss on sale of assets (line 5c)
not reported
Gaming and fundraising events, net (line 6d)
not reported
Gross profit on inventory sales (line 7c)
not reported
Other revenue (line 8)
not reported
Total assets, end of year
$0
Total liabilities, end of year
not reported
Net assets or fund balances, end of year
$0
Program service expenses (Part III)
not reported

Mission and programs · 2022

Primary exempt purpose

Our mission at the Latino Business Foundation Silicon Valley is to provide empowering resources to existing and future leaders in the business community through long-lasting learning and support. The Foundations plan of action stirs the entrepreneurial spirit, support business growth, strengthen local associations and advance leadership.

  • Small Business Assistance - The Latino Business Foundation of Silicon Valley (LBFSV) is currently serving local businesses through responsive, agile and essential business assistance. Over 90% of their members fall into the low to median income category; 70% of those served are Latino and about 30% of those served come from other immigrant groups. Their existing technical assistance is bilingual and includes a variety of programs such as a business academy course, a quick-response hotline for small business inquiries, the small business incubator, partner referral systems as well as small business workshops addressing the most pressing issues facing small businesses. LBFSV has remained extremely responsive and agile to the needs of small businesses with group programming as well as bespoke, one-on-one support with individuals as needs arise such as assisting businesses complete grant applications.

  • Virtual Business Incubator - The Latino Business Foundation Silicon Valleys Virtual Business Incubator will be a place where existing and aspiring small business owners can easily access good information that impacts their business; high quality services/resources to improve and grow their business operations; and rich opportunities to connect with each other, promote their business in the Marketplace, and strengthen their network. Visitors will also have direct access to 1:1 support which may include: small business needs assessment, direct referrals to partners, direct service provision via Latino Business Foundation and easy access to the larger network of service & capital providers.

  • Women In Power - LBFSVs Women in Power Initiatives include two main areas of work: Single Mother Business Owners and the Beauty Business Industry Council. The programs are a combination of workshops and speaker series for women small business owners to obtain technical assistance, listen to local experts and success stories, and engage in a supportive community of like-minded peers. The workshops cover topics such as: Social Media Marketing, Web Presence, Access to Capital and Financial Planning (in collaboration with Excite Credit Union), Commercial Lease and Contract Protection, Networking Dynamics, Beauty Industry Inspirational Speaker Series, and Inner Healing for Women. Single Mothers Business Owners: a rapidly growing program that addresses the unique challenges single mothers face as small business owners and the sole-income provider for their families. Nearly 61% of small/micro-businesses in East San Jose are woman-owned; 75% are single mothers. Beauty Business Industry Council: Business leaders co-create specific activities that address their needs. The beauty industry is the largest industry in our member community in East San Jose and as such, the Beauty Business Council was formed to respond to industry pain points and co-creates activities. This council is currently hosting a speaker series that brings together local beauty industry experts to share their stories, successes, and challenges in the field. In the past we have also help workshops focused on specific compliance issues that this sector was facing.

  • TBUSINESS ACADEMY - The Latino Business Academy is a self-paced, 12 module course geared towards supporting entrepreneurs in forming a new business, in collaboration with Santa Claras My Own Business Institute (MOBI) Program. The Latino Business Academy provides direct access to high-quality and accessible training courses to small business hopefuls as well as tailored assistance from LBFSV small business coaches and staff that support entrepreneurs in selecting and completing the courses. The course provides technical and financial training and one-on-one coaching available in English and Spanish. The program covers a wide range of topics such as: Business Planning, Financing the Business, Licenses and Permits, Accounting and Cash Flow, Managing Employees, and Developing Negotiation Skills. The academy was officially launched in July 2021 and within its first months gained over 200 students and graduated over 30 students.

As filed on the 2022 return.

Listed in Part IV

  • JESUS FLORES

    President & CEO

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    60

  • SANDY CAMACHO

    Secretary

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1

  • ANGELICA FLORES

    CFO/TREASURER

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    3

  • NANCY MENDOZA

    Director

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1

  • VALERIA CAMACHO

    Director

    Total calculated
    $0
    Compensation
    $0
    Benefit plans
    not reported
    Expense account
    not reported
    Hours/week
    1

Compensation is as filed in Part IV of the Form 990-EZ: compensation, contributions to benefit plans, expense account, 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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990_ez
Tax year
2022
Filed
3 May 2023
IRS schema version
2022v5.0
Source object
202311239349202626

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