EIN 04-3693364

Suazo Business Center

IRS 501(c) type
501(c)(3)
Num. employees
19
State
Year formed
2002
Most recent tax filings
2023-09-01
Description
Suazo Business Center is a 501 (C)(3) nonprofit with a mission to focus on the economic empowerment of the minority community through entrepreneurship. They work to end cycles of poverty, eliminate generational wealth gaps, and build self-reliance. In fiscal year 2021, they launched an online broadcast platform called "up-to-date with Suazo" through which they discuss the challenges of the Covid-19 pandemic and its subsequent devastating impact on minority-owned small businesses.
Total revenues
$1,540,347
2023
Total expenses
$1,479,831
2023
Total assets
$1,406,762
2023
Num. employees
19
2023

Program areas at Suazo Business Center

Suazo Business Center is a Business resource committed to the development and empowerment of the latino and other underserved communities. Suazo Business Center provides training, advising, and resources to break cycles of poverty, build wealth, and promote economic self-reliance. 2023 marked our 20th year of providing services to our community and that was celebrated with a soiree event in september. The event was a-ended by clients from the past two decades, members of our board of directors, community, friends, and family. The Suazo Business Center has always been a hub of creativity and collaboration, where ideas flourish and businesses thrive. This year, we were able to open our third physical location in st. george, building on our expansion to ogden in 2021 and our primary, anchor location in salt lake city. In addition to our enhanced geographic reach, an expansion to our access to capital program has been supported by our designation as a community development financial institution (cdfi) by the us department of the treasury. Being a cdfi will allow us to further assist our community in capital areas they may face as they grow.

Who funds Suazo Business Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$150,000
The Bank of America Charitable FoundationProgram/operating Support$25,000
Stand Together FoundationGeneral Operating$25,000
...and 13 more grants received

Personnel at Suazo Business Center

NameTitleCompensation
Silvia CastroPresident and Chief Executive Officer$169,917
Claudia PonceChief of Staff
Ryan StarksDirector$0
Edward BennettDirector of Business Development
Tim SavageDirector of Programming
...and 5 more key personnel

Financials for Suazo Business Center

RevenuesFYE 09/2023
Total grants, contributions, etc.$1,459,068
Program services$81,262
Investment income and dividends$17
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,540,347

Form 990s for Suazo Business Center

Fiscal year endingDate received by IRSFormPDF link
2023-092024-06-18990View PDF
2022-092023-05-15990View PDF
2021-092022-03-16990View PDF
2021-092022-03-10990View PDF
2020-092021-04-15990View PDF
...and 10 more Form 990s

Organizations like Suazo Business Center

OrganizationLocationRevenue
Anewamerica Community CorporationOakland, CA$404,944
Accompany CapitalNew York, NY$4,662,954
Quincy Asian Resources (QARI)Quincy, MA$2,206,188
WomenVentureSaint Paul, MN$3,555,294
Growth Enterprises of NashvilleNashville, TN$1,670,908
Renaissance Entrepreneurship CenterSan Francisco, CA$5,570,660
LaunchChattanooga, TN$1,180,931
Center for Women and EnterpriseBoston, MA$4,411,162
Northeast Indiana Innovation CenterFort Wayne, IN$2,117,873
FloreciendoOakland, CA$571,983
Data update history
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 14, 2024
Received grants
Identified 2 new grant, including a grant for $25,000 from The Bank of America Charitable Foundation
May 31, 2024
Updated personnel
Identified 3 new personnel
May 19, 2024
Received grants
Identified 3 new grant, including a grant for $5,500 from Charities Aid Foundation of America
February 27, 2024
Updated personnel
Identified 6 new personnel
Nonprofit Types
Business and community development organizationsFamily service centersEthnic centersCharities
Issues
EducationHuman servicesBusiness and industry
Characteristics
LobbyingFundraising eventsState / local levelReceives government fundingProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
960 W 1700 South
Salt Lake City, UT 84104
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Website URL
suazocenter.org/ 
Phone
(801) 521-1709
IRS details
EIN
04-3693364
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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