2025-11-13T19:10:11-06:00 2024-12-31 950858589 HUTCHINSON AND BLOODGOOD LLP 550 N BRAND BLVD 14TH FLOOR GLENDALE CA 91203 990 2024-01-01 843419477 LATINO BUSINESS FOUNDATION SILICON VALLEY LATI 4086188505 1652 ALUM ROCK AVE SAN JOSE CA 95116 JESUS FLORES PRESIDENT & CEO 4086188505 2025-11-13 1 1 GEORGETTE M GREEN P00449497 8186375000 2025-11-13 2024 2025-03-06 01:10:19Z JESUS FLORES 1652 ALUM ROCK AVE SAN JOSE CA 95116 589698 0 X LBFSV.ORG X 2019 CA TO PROVIDE EMPOWERING RESOURCES TO EXISTING AND FUTURE LEADERS IN THE BUSINESS COMMUNITY THROUGH LONG-LASTING LEARNING AND SUPPORT. 5 4 6 10 0 0 691312 505698 75000 84000 0 0 0 0 766312 589698 16500 14514 0 0 364848 478550 88379 58547 109138 191884 203340 661611 754951 104701 -165253 334245 170643 20500 22151 313745 148492 X OUR MISSION AT THE LATINO BUSINESS FOUNDATION SILICON VALLEY WE EMPOWER CURRENT AND ASPIRING BUSINESS LEADERS WITH ESSENTIAL RESOURCES THROUGH ENDURING EDUCATION AND SUPPORT. OUR STRATEGIC APPROACH IGNITES ENTREPRENEURIAL SPIRIT, FOSTERS BUSINESS EXPANSION, STRENGTHENS COMMUNITY TIES, AND CULTIVATES LEADERSHIP. 0 0 171598 14514 84000 SMALL BUSINESS ASSISTANCE: AS CALIFORNIA'S NONPROFIT OF THE YEAR 2024, LBFSV REMAINED THE TRUSTED FIRST STOP FOR LOCAL FAMILY BUSINESSES SEEKING PRACTICAL, BILINGUAL GUIDANCE. OUR TECHNICAL ASSISTANCE COMBINED INDIVIDUALIZED COACHING WITH GROUP LEARNING SO ENTREPRENEURS COULD ACT QUICKLY AND CONFIDENTLY. ONE-ON-ONE SUPPORT COVERED BUSINESS ESSENTIALS, WRITING OR REFINING BUSINESS PLANS, AND HANDS-ON HELP WITH DIGITAL PRESENCE. MANY OWNERS RECEIVED FULL BRAND BOOK SUPPORT THAT INCLUDED LOGO CREATION AND SIMPLE CONTENT CALENDARS SO THEY COULD LAUNCH OR REFRESH THEIR IDENTITY WITHOUT GUESSWORK. WE CONTINUED TO CONNECT ENTREPRENEURS TO A RELIABLE PARTNER REFERRAL NETWORK FOR LEGAL, FINANCE, LENDING, AND PERMITTING NEEDS. OUR COMMUNITY PROFILE STAYED CONSISTENT WITH 97 PERCENT LOW TO MEDIAN INCOME, 87 PERCENT WOMEN, AND THE SAME DIVERSITY MIX THAT CENTERS LATINO AND IMMIGRANT FAMILIES. BY MEETING PEOPLE IN ENGLISH AND SPANISH AND TAILORING TA TO THEIR EXACT STAGE, LBFSV HELPED FAMILY BUSINESSES FORMALIZE, MARKET, AND GROW. THESE RESULTS UNDERSCORE WHY OUR WORK WAS RECOGNIZED STATEWIDE IN 2024. 120473 WOMEN IN POWER: WOMEN IN POWER GREW INTO AN EVEN STRONGER ECOSYSTEM FOR WOMEN BALANCING CAREGIVING, WORK, AND ENTREPRENEURSHIP. MEMBERSHIP REACHED 794, CREATING A SUPPORTIVE PEER NETWORK THAT SHARES REAL STRATEGIES AND ACCOUNTABILITY. OUR THREE-SESSION HABLAR CON CONFIANZA SERIES CONCLUDED WITH AN INSPIRING IN-PERSON GATHERING AND ENGAGED ABOUT 250 PARTICIPANTS ACROSS THE SERIES. SESSIONS FOCUSED ON COMMUNICATION, LEADERSHIP, ACCESS TO CAPITAL, WEB PRESENCE, SOCIAL MEDIA, AND EFFECTIVE NETWORKING. THE SINGLE MOTHERS BUSINESS OWNERS TRACK PROVIDED TAILORED COACHING THAT RESPECTED TIME CONSTRAINTS AND PRIORITIZED INCOME STABILITY AND CONFIDENCE BUILDING. PARTICIPANTS LEFT WITH CLEARER GOALS, BETTER DIGITAL TOOLS, AND A CIRCLE OF PEERS TO LEAN ON. THE PROGRAM'S MOMENTUM AND OUTCOMES CONTRIBUTED DIRECTLY TO LBFSV BEING NAMED CALIFORNIA'S NONPROFIT OF THE YEAR. 98400 BUSINESS ACADEMY: IN PARTNERSHIP WITH SANTA CLARA UNIVERSITY'S MOBI, THE LATINO BUSINESS ACADEMY DELIVERED OUR 12-MODULE CURRICULUM IN ENGLISH AND SPANISH WITH INDIVIDUALIZED COACHING TO ENSURE COMPLETION AND PRACTICAL APPLICATION. WE INCREASED TO FOUR COHORTS THIS YEAR TO MEET DEMAND. THE FINAL CLASS MET IN PERSON AND DOUBLED AS A PEER NETWORKING SESSION HOSTED BY MOBI AT SCU, STRENGTHENING RELATIONSHIPS THAT CONTINUE BEYOND GRADUATION. WE HELD TWO JOYFUL GRADUATION CEREMONIES HONORING PERSISTENCE AND PROGRESS. IN 2024 THE ACADEMY CELEBRATED 997 GRADUATES, EACH ADVANCING WITH A STRONGER BUSINESS PLAN, CLEARER COMPLIANCE STEPS FOR LICENSING AND PERMITS, AND BETTER CASH-FLOW PRACTICES. THROUGHOUT THE YEAR WE COMPLEMENTED COURSEWORK WITH 13 TARGETED WORKSHOPS, INCLUDING CALIFORNIA DIGITAL COACH FROM GROW WITH GOOGLE, REDES SOCIALES PARA MI NEGOCIO, CONSTRUYENDO UNA BASE FINANCIERA, MEHKO, AND SMALL BUSINESS TAXES. THESE INTEGRATED OFFERINGS REFLECT THE QUALITY AND IMPACT RECOGNIZED THROUGH OUR CALIFORNIA NONPROFIT OF THE YEAR 2024 AWARD. 127840 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. 127840 518311 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 11 0 6 1 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 CA X JESUS FLORES 4086188505 1652 ALUM ROCK AVE SAN JOSE CA 95116 JESUS FLORES PRESIDENT & CEO 40.00 X X 153770 0 12845 SANDY CAMACHO SECRETARY 1.00 X X 0 0 0 ANGELICA FLORES TREASURER 25.00 X X 0 0 0 NANCY MENDOZA DIRECTOR 1.00 X 0 0 0 VALERIA CAMACHO DIRECTOR 1.00 X 0 0 0 153770 0 12845 1 0 1 0 0 40000 465698 505698 CONSULTING SERVICES 541900 84000 84000 84000 589698 84000 0 0 14514 14514 166615 99969 33323 33323 234056 219752 14304 47295 35066 6132 6097 30584 24651 3531 2402 139 139 19350 19350 58547 58547 48030 31242 16788 37306 32555 2048 2703 13058 510 6608 5940 47246 41090 6156 9577 5374 4203 12512 7235 5277 968 968 1374 639 735 BANK & CREDIT CARD FEES 2632 2632 PAYROLL FEES 2580 2580 SUPPLIES 2249 1715 534 PRINTING & PUBLICATIONS 2177 2011 166 4142 1849 2167 126 754951 518311 127502 109138 269433 160033 60000 0 4812 10610 334245 170643 1651 20500 20500 20500 22151 X 246742 144595 67003 3897 313745 148492 334245 170643 -165253 0 X 0 0 0 X 218315 359544 637138 691312 505698 2412007 75000 84000 159000 218315 359544 637138 766312 589698 2571007 0 0 0 2571007 218315 359544 637138 766312 589698 2571007 1.00000 0.00000 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X X X 1 VALERIE BELLANDE 4250 SAINT AMBROISE MONTREAL CA QC H4 3R4 GRANT WRITING AND REVIEW 0 559000 58547 500453 559000 58547 500453 0 EL COMITE DE FIESTAS PATRIAS 1652 ALUM ROCK AVE C SAN JOSE CA 95116 883214685 501(C)(3) 10000 0 FMV GENERAL ASSISTANCE X X X 0 0 0 0 0 0 0 0 0 JESUS FLORES PRESIDENT & CEO 153770 0 0 0 0 0 0 0 12845 0 166615 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 LINE 2 EXPLANATION - PRESIDENT AND CEO, JESUS FLORES, IS THE SPOUSE OF THE TREASURER, ANGELICA FLORES. FORM 990, PART VI, SECTION B, LINE 11B LINE 11B EXPLANATION - 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 15 DISCUSSED DURING BOARD MEETINGS, IS DOCUMENTED ON MEETING MINUTES AND BOARD VOTES FOR APPROVAL. THE BOARD OF DIRECTORS REVIEWS COMPARABLE DATA OF SIMILAR SIZED ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 AVAILABLE UPON WRITTEN REQUEST.