Civic Intelligence

Latino Business Foundation Silicon Valley

EIN 84-3419477 • 501(c)3 • San Jose, CA

Profile

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.

1652 Alum Rock AveSan Jose, CA 95116

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

70th percentile

0.13x

Higher debt load relative to assets than 70% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

59th percentile

0.04x

Higher debt load relative to revenue than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

12th percentile

-28%

Higher net margin than 12% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

95th percentile

$166,615

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 28.3% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

6th percentile

-49%

Faster asset growth than 6% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

16th percentile

-23%

Faster revenue growth than 16% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets70th percentile

Assets

Down

$170,643

Down $163,602 (-49%) from 2023

Liabilities

Up

$22,151

Up $1,651 (+8.1%) from 2023

Net Assets

Down

$148,492

Down $165,253 (-53%) from 2023

Operations
Liabilities / Revenue59th percentileNet Margin12th percentile

Revenue

Down

$589,698

Down $176,614 (-23%) from 2023

Expenses

Up

$754,951

Up $93,340 (+14%) from 2023

Net Income

Down

-$165,253

Down $269,954 (-258%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth6th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$400K$300K$200K$100K$0Assets 2020: $158,619Liabilities 2020: $20,500Net Assets 2020: $138,1192020Assets 2021: $153,733Liabilities 2021: $20,500Net Assets 2021: $133,2332021Assets 2022: $233,270Liabilities 2022: $24,226Net Assets 2022: $209,0442022Assets 2023: $334,245Liabilities 2023: $20,500Net Assets 2023: $313,7452023Assets 2024: $170,643Liabilities 2024: $22,151Net Assets 2024: $148,4922024

Highlighted filing

2024

Assets$170,643
Liabilities$22,151
Net Assets$148,492
Open 2024 Filing

Operations Trend

Revenue Growth16th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2020: $218,315Expenses 2020: $98,976Net Income 2020: $119,3392020Revenue 2021: $359,544Expenses 2021: $364,430Net Income 2021: -$4,8862021Revenue 2022: $637,138Expenses 2022: $561,327Net Income 2022: $75,8112022Revenue 2023: $766,312Expenses 2023: $661,611Net Income 2023: $104,7012023Revenue 2024: $589,698Expenses 2024: $754,951Net Income 2024: -$165,2532024

Highlighted filing

2024

Revenue$589,698
Expenses$754,951
Net Income-$165,253
Open 2024 Filing

Filings

Most recent year

2024 • Form 990XML pending. An XML filing is linked for this year, but detailed extraction is still pending.

Open filing
Assets
$170,643
Liabilities
$22,151
Net assets
$148,492
Revenue
$589,698
Expenses
$754,951
Net income
-$165,253
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.71$0.22$1.48$5.90$7.55$1.65
2023Summary only. Only limited summary data is available for this year.$3.34$0.21$3.14$7.66$6.62$1.05
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.33$0.24$2.09$6.37$5.61$0.76
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.54$0.21$1.33$3.60$3.64$0.05
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.59$0.21$1.38$2.18$0.99$1.19
Latest Detailed Filing

The latest 2024 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 14, 2023
Return Version
2022v5.0
Gross Receipts
$637,138
Mission and Program Overview

Mission

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.

To provide empowering resources to existing and future leaders in the business community through long-lasting learning and support.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$153,733$233,270▲ $79,537
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$153,733$233,270▲ $79,537
Other Assets Total-$0-
Liabilities
Unsecured Notes Loans Payable$20,500$20,412▼ $88
Accounts Payable and Accrued Expenses-$3,814-
Total Liabilities$20,500$24,226▲ $3,726
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$355,591$177,663▼ $177,928
Net Assets With Donor Restrictions$-222,358$31,381▲ $253,739
Total Net Assets Fund Balance$133,233$209,044▲ $75,811
Total Liabilities and Net Assets / Fund Balance$153,733$233,270▲ $79,537
Compensation and Service Providers
Top Officer Pay95th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Jesus FloresPresident & CEOFT$139,360$139,360

Board Members and Trustees

NameTitle
Nancy MendozaDirector
Valeria CamachoDirector
Angelica FloresCFO/treasurer
Sandy CamachoSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$637,138
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$510,138
Change in Net Assets
$75,811
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$316,073
Other Expenses$180,956
Total Fundraising Expense$82,282
Professional Fundraising Fees$46,883
Grants and Similar Amounts Paid$17,415

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Current Officers, Directors, Trustees, and Key Employees$83,616$27,872$27,872$139,360
Other Salaries and Wages$115,551$23,182-$138,733
Fees for Services Professional Fundraising--$46,883$46,883
Occupancy$35,207$7,865-$43,072
Fees for Services Other$33,110$2,615-$35,725
Advertising$25,027$8,475$1,000$34,502
Payroll Taxes$15,745$4,035$2,098$21,878
Grants to Domestic Orgs$17,415--$17,415
Other Employee Benefits$10,378$3,025$2,699$16,102
Travel$6,675$19$1,730$8,424
Conferences and Meetings$6,528$1,318-$7,846
Information Technology$936$5,768-$6,704
Insurance-$3,690-$3,690
Fees for Services Accounting-$1,690-$1,690
All Other Expenses-$1,210-$1,210
Other Expenses$1,588$1,040-$1,040
Fees for Services Legal-$952-$952
Total Functional Expenses$359,975$119,070$82,282$561,327
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
El Comite De Fiestas PatriasSan Jose, CA501(c)(3)-$15,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$46,883
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“President and CEO, Jesus Flores, is the spouse of the Treasurer, Angelica Flores.”

Form 990, Part VI, Section B, Line 11B

“A copy of the 990 will be provided to the board of directors for approval before submission.”

Form 990, Part VI, Section B, Line 12C

“The conflict-of-interest policy is provided to all our board members. It is documented in the meeting minutes regularly and consistently monitored for compliance.”

Form 990, Part VI, Section B, Line 15A

“the board of directors reviews comparable data of similar sized organizations.”

Form 990, Part VI, Section B, Line 15B

“Discussed during board meetings, is documented on meeting minutes and board votes for approval.”

Form 990, Part VI, Section C, Line 19

“Available upon written request.”

Filing and Contact Details

Filer

Filer Name
Latino Business Foundation
EIN
84-3419477
Phone
4086188505
Address
1652 ALUM ROCK AVE, SAN JOSE, CA 95116

Signing Officer

Name
Jesus Flores
Title
President & CEO
Signed
2023-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Jesus Flores
Formed
2019
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
4
Employees
4
Volunteers
10

Preparer

Firm
Hutchinson and Bloodgood Llp
Address
550 N BRAND BLVD 14th Floor, GLENDALE, CA 91203
Preparer
Georgette M Green
Phone
8186375000
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 4D

“Other program services 4: other: various other supporting programs including the virtual business incubator and business council to further providing high quality services and resources to improve the business community.”

Amended Explanation

“Federal return is amended as the return was inadvertently filed the with the filing of tax return extension filing.”

Raw XML AppendixShowing 400 of 454 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0Small Business Assistance: The Latino Business Foundation of Silicon Valley (LBFSV) is dedicated to providing crucial support to local family businesses with a focus on responsiveness and adaptability. Their member base comprises over 90% individuals falling within the low to median income bracket, with approximately 80% of these members being of Latino origin and the remaining 20% belonging to various immigrant groups. LBFSV's comprehensive technical assistance is designed to bridge language barriers, offering bilingual support. Their wide range of programs includes a business academy course, a responsive hotline for small business inquiries, a small business incubator, a partner referral network, and a series of workshops tailored to address the most pressing challenges faced by entrepreneurs. What sets LBFSV apart is their unwavering commitment to staying responsive and flexible in order to meet the ever-evolving needs of entrepreneurs. Their approach involves group programs to cater to collective requirements and personalized, one-on-one support for individuals whenever specific needs arise, such as aiding businesses in completing grant applications or providing social media support to promote their businesses.
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IRS990/Form990PartVIISectionAGrp/TitleTxt0President & CEO
IRS990/Form990PartVIISectionAGrp/TitleTxt1Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt2CFO/TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3Director
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IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt00
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IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt00
IRS990/PrincipalOfficerNm0JESUS FLORES
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IRS990/ProgSrvcAccomActy2Grp/Desc0Women In Power:LBFSV's Women in Power Initiatives focus on two main areas: Single Mother Entrepreneurs and the Mujeres Imparables Initiative. These initiatives provide workshops, speaker series, and a supportive community for women entrepreneurs. Topics covered include Social Media Marketing, Web Presence, Access to Capital, Commercial Lease and Contract Protection, Networking Dynamics, and more.Single Mother Entrepreneur Initiative: This program addresses the unique challenges faced by single mothers who are both entrepreneurs and sole-income providers. Around 61% of the small businesses served by LBFSV are women-owned, with a significant number being single mothers.Mujeres Imparables Initiative: This initiative empowers women by providing comprehensive support and entrepreneurship opportunities. LBFSV aims to create a safe and inclusive space for women to explore their full potential, offering resources and skills to help them overcome obstacles and achieve their goals. Additionally, LBFSV offers a program in collaboration with makeup artist professionals, former Beauty Business Council members, and NextDoor Solutions (Rapid Response). This program helps individuals who are survivors of domestic violence by offering free makeup classes valued at $2,200. The goal is to empower participants and guide them towards entrepreneurship, with makeup artist professionals serving as instructors and professional self-motivation counselors offering support. Future expansion of entrepreneurship pathways is planned based on participants' interests and market demand.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt085923
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER: VARIOUS OTHER SUPPORTING PROGRAMS INCLUDING THE VIRTUAL BUSINESS INCUBATOR AND BUSINESS COUNCIL TO FURTHER PROVIDING HIGH QUALITY SERVICES AND RESOURCES TO IMPROVE THE BUSINESS COMMUNITY.
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IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt03029
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IRS990/PYOtherExpensesAmt0208236
IRS990/PYProgramServiceRevenueAmt01382
IRS990/PYRevenuesLessExpensesAmt0-4886
IRS990/PYSalariesCompEmpBnftPaidAmt0120940
IRS990/PYTotalExpensesAmt0364430
IRS990/PYTotalProfFndrsngExpnsAmt032225
IRS990/PYTotalRevenueAmt0359544
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IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt075811
IRS990/RegularMonitoringEnfrcInd0true
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IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
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IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0637138
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0359544
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0218315
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01214997
IRS990ScheduleA/GovtFurnSrvcFcltsVl509Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt00
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt00
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IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/NetIncomeFromOtherUBIGrp/TotalAmt00
IRS990ScheduleA/OtherIncome509Grp/TotalAmt00
IRS990ScheduleA/Post1975UBTIGrp/TotalAmt00
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IRS990ScheduleA/PublicSupportTotal509Amt01214997
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0359544
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IRS990ScheduleA/Total509Grp/TotalAmt01214997
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0637138
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0218315
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01214997
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IRS990ScheduleG/FundraiserActivityInfoGrp/ActivityTxt0grant writing and review
IRS990ScheduleG/FundraiserActivityInfoGrp/ForeignAddress/AddressLine1Txt04250 SAINT AMBROISE
IRS990ScheduleG/FundraiserActivityInfoGrp/ForeignAddress/CityNm0MONTREAL
IRS990ScheduleG/FundraiserActivityInfoGrp/ForeignAddress/CountryCd0CA
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IRS990ScheduleG/FundraiserActivityInfoGrp/PersonNm0VALERIE BELLANDE
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EL COMITE DE FIESTAS PATRIAS
IRS990ScheduleI/RecipientTable/RecipientEIN0883214685
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01652 ALUM ROCK AVE C
IRS990ScheduleI/RecipientTable/USAddress/CityNm0SAN JOSE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0CA
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd095116
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FMV
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OTHER PROGRAM SERVICES 4: OTHER: VARIOUS OTHER SUPPORTING PROGRAMS INCLUDING THE VIRTUAL BUSINESS INCUBATOR AND BUSINESS COUNCIL TO FURTHER PROVIDING HIGH QUALITY SERVICES AND RESOURCES TO IMPROVE THE BUSINESS COMMUNITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1President and CEO, Jesus Flores, is the spouse of the Treasurer, Angelica Flores.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2A copy of the 990 will be provided to the board of directors for approval before submission.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The conflict-of-interest policy is provided to all our board members. It is documented in the meeting minutes regularly and consistently monitored for compliance.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4the board of directors reviews comparable data of similar sized organizations.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Discussed during board meetings, is documented on meeting minutes and board votes for approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7FEDERAL RETURN IS AMENDED AS THE RETURN WAS INADVERTENTLY FILED THE WITH THE FILING OF TAX RETURN EXTENSION FILING.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part III, Line 4d
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section B, Line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section B, Line 15b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Amended Explanation
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IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
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IRS990/TotalContributionsAmt0637138
IRS990/TotalEmployeeCnt04
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IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0119070
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0359975
IRS990/TotalFunctionalExpensesGrp/TotalAmt0561327
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt020500
IRS990/TotalLiabilitiesEOYAmt024226
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IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0133233
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0209044
IRS990/TotalOtherProgSrvcExpenseAmt060901
IRS990/TotalProgramServiceExpensesAmt0359975
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt0139360
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0637138
IRS990/TotalVolunteersCnt010

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