EIN 04-3693364

Suazo Business Center

IRS 501(c) type
501(c)(3)
Num. employees
18
State
Year formed
2002
Most recent tax filings
2022-09-01
Description
Suazo Business Center is a 501 (C)(3) nonprofit with a mission to focus on the economic empowerment of the minority community through entrepreneurship. They work to end cycles of poverty, eliminate generational wealth gaps, and build self-reliance. In fiscal year 2021, they launched an online broadcast platform called "up-to-date with Suazo" through which they discuss the challenges of the Covid-19 pandemic and its subsequent devastating impact on minority-owned small businesses.
Total revenues
$1,289,713
2022
Total expenses
$1,174,247
2022
Total assets
$1,347,138
2022
Num. employees
18
2022

Program areas at Suazo Business Center

In fiscal year 2021, we were met with the continued challenges of the covid-19 pandemic and its subsequent devastating impact on minority-owned small businesses. We launched an online broadcast platform called "up-to- date with Suazo" through which we discussed many topics relevant to the pandemic and options for affected small businesses to not only survive, but to thrive. We built new partnerships with multiple regional municipalities and strengthened existing relationships with our current partners. We had to pivot our own ways of presenting our curriculum and had the opportunity to move to a completely digital platform. Our operations were affected by the pandemic, but we were able to succeed and help our clients survive and succeed as well.

Who funds Suazo Business Center

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JP Morgan Chase FoundationIn Support of Underserved Small Business Expansion$150,000
The Bank of America Charitable FoundationProgram/operating Support$100,000
Joseph and Kathleen Sorenson Legacy FoundationGeneral Support$10,000
...and 6 more grants received

Personnel at Suazo Business Center

NameTitleCompensation
Silvia CastroExecutive Director$118,919
Claudia PonceChief of Staff
Ryan StarksDirector$0
Edward BennettDirector of Business Development
Tim SavageDirector of Programming
...and 5 more key personnel

Financials for Suazo Business Center

RevenuesFYE 09/2022
Total grants, contributions, etc.$1,228,730
Program services$60,953
Investment income and dividends$30
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,289,713

Form 990s for Suazo Business Center

Fiscal year endingDate received by IRSFormPDF link
2022-092023-05-15990View PDF
2021-092022-03-16990View PDF
2021-092022-03-10990View PDF
2020-092021-04-15990View PDF
2019-092020-10-13990View PDF
...and 9 more Form 990s
Data update history
June 8, 2023
Updated personnel
Identified 2 new personnel
May 27, 2023
Used new vendors
Identified 1 new vendor, including
May 8, 2023
Received grants
Identified 1 new grant, including a grant for $150,000 from JP Morgan Chase Foundation
February 3, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 24, 2022
Updated personnel
Identified 10 new personnel
Nonprofit Types
Business and community development organizationsFamily service centersEthnic centersCharities
Issues
EducationHuman servicesBusiness and industry
Characteristics
Political advocacyLobbyingState / local levelReceives government fundingEndowed supportProvides scholarshipsTax deductible donations
General information
Address
960 W 1700 South
Salt Lake City, UT 84104
Metro area
Salt Lake City, UT
County
Salt Lake County, UT
Website URL
suazocenter.org/ 
Phone
(801) 521-1709
IRS details
EIN
04-3693364
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S43: Management Services for Small Business, Entrepreneurs
NAICS code, primary
624190: Individual and Family Services
Parent/child status
Independent
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