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
Personnel at Suazo Business Center
Name | Title | Compensation | Date of data |
---|
Silvia Castro | President and Chief Executive Officer | $169,917 | 2024-06-18 |
Claudia Ponce | Chief of Staff | | 2022-07-24 |
Ryan Starks | Director | $0 | 2022-09-30 |
Edward Bennett | Director of Business Development | | 2022-07-24 |
Tim Savage | Director of Programming | | 2022-07-24 |
...and 5 more key personnel |
Financials for Suazo Business Center
Revenues | FYE 09/2023 | FYE 09/2022 | % Change |
---|
Total grants, contributions, etc. | $1,459,068 | $1,228,730 | 18.7% |
Program services | $81,262 | $60,953 | 33.3% |
Investment income and dividends | $17 | $30 | -43.3% |
Tax-exempt bond proceeds | $0 | $0 | - |
Royalty revenue | $0 | $0 | - |
Net rental income | $0 | $0 | - |
Net gain from sale of non-inventory assets | $0 | $0 | - |
Net income from fundraising events | $0 | $0 | - |
Net income from gaming activities | $0 | $0 | - |
Net income from sales of inventory | $0 | $0 | - |
Miscellaneous revenues | $0 | $0 | - |
Total revenues | $1,540,347 | $1,289,713 | 19.4% |
Organizations like Suazo Business Center
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Anewamerica Community Corporation | 501(c)(3) | Oakland, CA | $404,944 |
Accompany Capital | 501(c)(3) | New York, NY | $4,662,954 |
Quincy Asian Resources (QARI) | 501(c)(3) | Quincy, MA | $2,206,188 |
WomenVenture | 501(c)(3) | Saint Paul, MN | $3,555,294 |
Growth Enterprises of Nashville | 501(c)(3) | Nashville, TN | $1,670,908 |
Renaissance Entrepreneurship Center | 501(c)(3) | San Francisco, CA | $5,570,660 |
Launch | 501(c)(3) | Chattanooga, TN | $1,180,931 |
Center for Women and Enterprise | 501(c)(3) | Boston, MA | $4,411,162 |
Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,117,873 |
Floreciendo | 501(c)(3) | Oakland, CA | $571,983 |
Data update history
August 3, 2024
Posted financials
Added Form 990 for fiscal year 2023
May 31, 2024
Updated personnel
Identified 3 new personnel
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/Â
- 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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