2026-05-13T12:04:30-04:00 2025-09-30 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2024-10-01 043693364 SUAZO BUSINESS CENTER SUAZ 8015211709 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 SILVIA CASTRO PRESIDENT & CEO 8015211709 2026-04-30 true true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2026-05-13 2024 2025-03-06 01:10:19Z SILVIA CASTRO 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 1705273 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. WE SUPPORT EXISTING AND NEW MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS IN BECOMING SELF-RELIANT AND BUILDING WEALTH. 15 15 15 0 1447419 1556254 138620 138204 7181 10815 0 1593220 1705273 67733 26060 0 775527 732188 30000 73600 182957 586015 697167 1459275 1529015 133945 176258 1560866 1781590 92516 136982 1468350 1644608 X 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. WE SUPPORT EXISTING AND NEW MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS IN BECOMING SELF-RELIANT AND BUILDING WEALTH. false false 1173442 26060 138204 IN FISCAL YEAR 2025, SUAZO BUSINESS CENTER CONTINUED TO DRIVE INCLUSIVE ECONOMIC GROWTH FOR UTAHS UNDERSERVED ENTREPRENEURS. BUILDING ON OUR CDFI CERTIFICATION, WE EXPANDED ACCESS TO CAPITAL AND DELIVERED BILINGUAL TRAINING THAT EQUIPS CLIENTS TO LAUNCH, SUSTAIN, AND GROW THEIR BUSINESSES. SUAZO SERVED 920 UNDUPLICATED CLIENTS, LAUNCHED 246 NEW BUSINESSES, CREATED OR RETAINED 1,091 JOBS, AND DELIVERED 2,361 BUSINESS ADVISING SESSIONS. 95% OF PARTICIPANTS WERE LOW-TO-MODERATE INCOME AND 99% IDENTIFIED AS MINORITIES. OUR WORK CONTINUES TO LEVEL THE PLAYING FIELD, STRENGTHENING FAMILY LIVELIHOODS AND ADVANCING ECONOMIC EQUITY ACROSS UTAHS DIVERSE COMMUNITIES. 1173442 true true false true false false false false false false true false false false true false true false false false false false false true false false false false true true false false false false false false false false false false false false false false false false false true 15 0 15 true false false false false false false false false false false false false X 15 15 false false false false false false false true true false false true true false false false true true false false UT X SILVIA CASTRO 8015211709 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 SILVIA CASTRO PRESIDENT & 40.00 X 179023 0 19972 BLAINE D BAGLEY DIRECTOR 2.25 X 0 0 0 R BRUCE BOWMAN SECRETARY 2.25 X X 0 0 0 CHERYLE CAPLINGER DIRECTOR 1.00 X 0 0 0 PETE CODELLA DIRECTOR 1.00 X 0 0 0 JUANITA DAMON DIRECTOR 1.00 X 0 0 0 REYES FLORES DIRECTOR 1.00 X 0 0 0 LEO GUTIERREZ DIRECTOR 1.00 X 0 0 0 HOWARD M HEADLEE VICE CHAIR 2.50 X X 0 0 0 ELI MADRIGAL DIRECTOR 1.00 X 0 0 0 MARLON MORALES DIRECTOR 2.25 X 0 0 0 TED PETERSON TREASURER 2.25 X X 0 0 0 LORENA RIFFO-JENSON CHAIR 2.50 X X 0 0 0 JENNIFER TARAZON DIRECTOR 1.00 X 0 0 0 JR VERA DIRECTOR 1.00 X 0 0 0 MARCIA WHITE DIRECTOR 1.00 X 0 0 0 179023 19972 1 false true false 565091 991163 1556254 SEMINARS & WORKSHOPS 116842 116842 MICRO LOAN INTEREST AND FEES 21362 21362 138204 10815 10815 1705273 138204 10815 X 7500 7500 18560 18560 185564 111338 37113 37113 447046 337887 63648 45511 21191 15270 3293 2628 34585 24922 5375 4288 43802 31564 6807 5431 2766 2766 7900 7900 73600 73600 205447 195447 10000 114571 114571 19169 13812 2979 2378 60005 60005 66948 47522 10404 9022 31281 31281 68296 68296 24079 17351 3742 2986 2997 2997 MICRO LOAN LOSS RESERVE 51429 51429 STAFF DEVELOPMENT 24541 16107 8434 MEMBERSHIP DUES 8942 8942 CREDIT CARD FEES 7158 7158 1638 1638 1529015 1173442 172616 182957 487755 640518 318387 322395 150000 2706 1215 337183 253340 740759 345961 414835 394798 19324 1560866 1781590 92516 110646 26336 92516 136982 X 1468350 1494608 150000 1468350 1644608 1560866 1781590 176258 X false true X true false X 978601 1228730 1459068 1447419 1556254 6670072 978601 1228730 1459068 1447419 1556254 6670072 1250212 5419860 101 30 17 7181 18144 25473 6695545 441511 0.80950 0.83450 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 106371 106371 457543 228130 229413 176845 117831 59014 394798 LEASE LIABILITY 26336 26336 1748833 43560 43560 1705273 1705273 1572575 43560 43560 1529015 1529015 X X X X X true CONNECTION COLLABORATIVE 1414 WESTMINSTER AVE SALT LAKE CITY UT 84105 FUNDRAISIN false 65000 -65000 NONPROFIT ADVANTAGE CONSULTING 546 W SEDWICK ST PHILADELPHIA PA 19119 FUNDRAISIN false 16700 -16700 81700 -81700 false SCHOLARSHIPS 48 18560 X false false false false false false false false false SILVIA CASTRO PRESIDENT & CEO 179023 9650 10322 198995 FORM 990 - ORGANIZATION'S MISSION 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. WE SUPPORT EXISTING AND NEW MINORITY ENTREPRENEURS AND SMALL BUSINESS OWNERS IN BECOMING SELF-RELIANT AND BUILDING WEALTH. 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 195,447 10,000 0