Overview
What is Latino Business Action Network Inc?
The Latino Business Action Network Inc, located in San Jose, California, is a nonprofit organization dedicated to uplifting the lives of Latinos. Their primary focus lies in entrepreneurship, running an innovative 8-week business scaling program at Stanford University, specifically designed for growing Latino-owned businesses. This program offers a transformative experience, aiming to enhance the strength and growth potential of these businesses. The organization aspires to contribute positively to the United States by improving the lives of Latinos, with a current workforce of six individuals.
What are the reviews and ratings of this charity?
Charity Navigator Rating 94%
Latino Business Action Network Inc has achieved an impressive 94% rating from Charity Navigator, indicating a high level of operational transparency and effectiveness. This Four-Star out of Four Star rating highlights the organization's strong performance in both accountability and financial management, as well as its impact and measurement capabilities.
The organization's accountability and finance score stands at 90, showcasing a well-structured governance model with 90% of its board members being independent. It has also successfully implemented essential policies such as conflict of interest and whistleblower protections, contributing to its robust financial health, as evidenced by the lack of asset diversion and strong program expense ratios.
In terms of impact, the organization has excelled with a perfect score of 100 in impact and measurement. This suggests that Latino Business Action Network Inc effectively evaluates the outcomes of its programs, ensuring that contributions lead to meaningful results for the communities it serves. Overall, the organization appears to be a reliable and impactful nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Latino Business Action Network Inc legitimate?
Latino Business Action Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Latino Business Action Network Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $219,167
Professional Fundraising Fees: $0
Other Salaries and Wages: $591,522
For more financial information, click here
What is the mission statement of Latino Business Action Network Inc?
The Latino Business Action Network (LBAN) is a nonprofit organization with a mission to enhance the United States by improving the lives of Latinos. Located in San Jose, California, LBAN operates as an entrepreneurship entity. Their primary purpose is to strengthen the nation by focusing on the betterment of the Latino community. One of their significant initiatives is the SLEI-ED Business Scaling Program, an eight-week transformative experience at Stanford University, specifically designed for growing businesses owned by Latinos.
Who is the CEO of Latino Business Action Network Inc?
Arturo Cazares is the Chairman Emeritus of Latino Business Action Network Inc. The CEO's salary of Latino Business Action Network Inc is $229,167 and their total compensation is $249,991.
What is the revenue of Latino Business Action Network Inc?
Latino Business Action Network Inc's revenue in 2022 was $2,061,825.
Who are the executives of Latino Business Action Network Inc and what are their salaries?
The average compensation at Latino Business Action Network Inc during 2022 was $135,115. There are 6 employees and 9 volunteers at Latino Business Action Network Inc.
Here are 13 key members and their salaries (Latino Business Action Network Inc's CEO's salary is $229,167 and their total compensation is $249,991):
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- Compensation: $229,167
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- Compensation: $234,566
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- Other: $25,251
- Compensation: $141,762
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- Other: $13,759
- Compensation: $130,000
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- Other: $10,087
Where can I find the form 990 for Latino Business Action Network Inc?
Latino Business Action Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Latino Business Action Network Inc
The Latino Business Action Network (LBAN) is a nonprofit organization with a mission to enhance the United States by improving the lives of Latinos. Based on this purpose, LBAN operates as an entrepreneurship organization, striving to make a significant impact on the community. Their primary focus is to strengthen the nation, specifically by uplifting the Latinx population.
In line with this mission, LBAN has developed a unique and transformative program called the SLEI-ED Business Scaling Program. This 8-week initiative, conducted at Stanford University, is tailored for Latinx business owners aiming to grow their enterprises. The program provides a valuable opportunity for these entrepreneurs to learn, network, and gain the necessary tools to elevate their businesses to new heights. Through this program, LBAN is making a substantial contribution to the Latinx community, empowering business owners to succeed and contribute positively to the nation's economy.
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Impact
July, 2024
Latino Business Action Network Inc's impact lies in its mission to strengthen the United States by improving the lives of Latinos. Through their signature program, the SLEI-ED Business Scaling Program at Stanford University, they provide a uniquely transformative experience for Latino owners of growing businesses. By equipping Latino entrepreneurs with the skills and knowledge needed to scale their businesses, LBAN is not only fostering individual economic empowerment but also contributing to the overall economic growth and prosperity of the Latino community. Their focus on education and empowerment directly impacts the community by creating opportunities for success and advancement.
This information is meant to be a general summary of Latino Business Action Network Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,658
- Program Service Revenue: $436,033
- Gross Receipts: $2,061,825
Assets and Liabilities:
- Total Assets: $3,149,162
- Total Liabilities: $329,198
- Net Assets: $2,819,964
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EVENT & CLASS
Revenue
$436,033
Organization Details
Founding Year
2012
Phone
(281) 989-1996Principal Officer
Arturo Cazares
Main Address
297 COMMERCIAL ST, SAN JOSE, CA, 95112
NTEE Category
Code: S99 - Community improvement
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