Suazo Business Center
Suazo Business Center
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About this organization
Mission
The Suazo Center for Business Development & Entrepreneurship is a non-profit business resource committed to the development and empowerment of the Latino/Hispanic and other underserved communities. We assist existing and potential minority entrepreneurs succeed and build wealth.
About
The Suazo Business Center is 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. We offer training programs in areas such as personal finance and business financing, traditional and social media marketing, and other basic business skills. We also provide content workshops in areas such as incorporation, business law, and networking. We also provide one on one counseling to new and existing business owners to support their ongoing operations and further growth and success, as well as workshops and funding options related to various business needs. In fiscal year 2019, we continued to streamline our operations protocols, as well as streamline our staffing and team needs. We began an alumni association to provide a networking tool for our clients, as well as launched a digital marketing branding hashtag (soysuazo) so our clients and friends can easily find one another on social media. We are most proud of the launch of our very successful women's cohort program. Ella was created to promote female entrepreneurship.
Interesting data from their 2020 990 filing
The filing sets forth the mission of the non-profit as “The pete suazo business center is a business resource committed to the development and empowerment of the latino/hispanic and other under-served communities. we provide assistance to help existing and potential minority entrepreneurs succeed and build wealth. together with our sponsors and partners, we help minority and underserved entrepreneurs succeed and build wealth. we offer training ranging from business skills to family finance. we also provide counseling to new and existing business owners to support their ongoing operations”.
When detailing its responsibilities, they were listed as: “The pete suazo business center is a business resource committed to the development and empowerment of the latino/hispanic and other under-served communities. we provide assistance to help existing and potential minority entrepreneurs succeed and build wealth. together with our sponsors and partners, we help minority and underserved entrepreneurs succeed and build wealth. we offer training ranging from business skills to family finance. we also provide counseling to new and existing business owners to support their ongoing operations”.
- The state in which the non-profit is legally permitted to operate is UT.
- The address of the non-profit for 2020 according to the filing is 960 WEST 1700 SOUTH, SALT LAKE CITY, UT, 841042200.
- The number of employees reported by the non-profit on their form as of 2020 is 9.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $500,000 and $1,000,000+.
- Revenue less expenses is $101,242.
- The CEO compensation structure within the organization is based on a review and approval from a neutral party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 17 independent voting members.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization engages in lobbying activities.
- The organization pays $261,654 in salary, compensation, and benefits to its employees.
- The organization pays $12,984 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization pays grants to individuals.
- The organization has minutes of its meetings.
- The organization's financial statements were reviewed by an accountant.