2024-06-18T09:55:03-04:00 2023-09-30 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2022-10-01 043693364 SUAZO BUSINESS CENTER SUAZ 8015211709 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 SILVIA CASTRO PRESIDENT & CEO 8015211709 2024-05-25 true SILVIA CASTRO XXX-XX-XXXX true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2024-06-18 2022 2023-04-26 12:10:37Z SILVIA CASTRO 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 1543974 false X HTTPS://WWW.SUAZOCENTER.ORG/ X 2002 UT THE SUAZO BUSINESS CENTER IS A 501 (C)(3) NONPROFIT WHOSE MISSION IS TO FOCUS ON THE ECONOMIC EMPOWERMENT OF THE MINORITY COMMUNITY THROUGH ENTREPRENEURSHIP. WE WORK TO END CYCLES OF POVERTY, ELIMINATE GENERATIONAL WEALTH GAPS, AND BUILD SELF-RELIANCE THROUGH SMALL BUSINESS OWNERSHIP. WE ARE A SMALL BUSINESS AND WORKFORCE DEVELOPMENT EDUCATION RESOURCE COMMITTED TO THE DEVELOPMENT AND EMPOWERMENT OF THE LATINO / HISPANIC, AND OTHER UNDERSERVED, COMMUNITIES. 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WE WORK TO END CYCLES OF POVERTY, ELIMINATE GENERATIONAL WEALTH GAPS, AND BUILD SELF-RELIANCE THROUGH SMALL BUSINESS OWNERSHIP. WE ARE 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. FORM 990, PAGE 2, PART III, LINE 4A 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. FORM 990, PAGE 6, PART VI, LINE 11B THE EXECUTIVE COMMITTEE REVIEWS THE FORM 990. ALL OTHER MEMBERS OF THE BOARD ARE ALLOWED TO REVIEW THE FORM AT WILL. FORM 990, PAGE 6, PART VI, LINE 15A COMPENSATION FOR THE EXECUTIVE DIRECTOR IS DETERMINED BY THE BOARD OF DIRECTORS. THE BOARD MEETS WITHOUT THE PRESENCE OF THE ED OR ANY OF THE ED'S RELATIVES. THE BOARD CONSIDERS MARKET DATA IN ESTABLISHING COMPENSATION. DUE TO LIMITED FUNDING, HOWEVER, THE ED IS PAID LESS THAN THE AVERAGE MARKET RATE. DELIBERATION AND DETERMINATION FO COMPENSATION IS DOCUMENTED. THE EXECUTIVE DIRECTOR IS REQUIRED TO SIGN A CONTRACT AGREEING TO THE TERMS OF COMPENSATION. FORM 990, PAGE 6, PART VI, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR 210,888 18,349 0