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Hispanic Business Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 522305270 ✦ Kensington, MD ✦ Designated as a 501(c)(3)

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Overview

What is Hispanic Business Foundation?

The Hispanic Business Foundation, situated in Kensington, Maryland, is a dedicated nonprofit organization focusing on small business development. Their primary mission is to provide educational and outreach programs to support and empower the Hispanic business community. Their activities encompass various initiatives aimed at assisting Hispanic-owned businesses in overcoming challenges and thriving within their industry.

Is Hispanic Business Foundation legitimate?

Hispanic Business Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Hispanic Business Foundation submitted a form 990EZ, 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.

What is the mission statement of Hispanic Business Foundation?

The Hispanic Business Foundation, as a small business development organization, is committed to its mission of providing education and outreach programs to support the Hispanic business community. The organization's primary objective is to assist this specific business community, aiming to bolster their growth and success. Through its efforts, the foundation seeks to foster a stronger and more vibrant Hispanic business sector. The foundation's activities involve offering resources, guidance, and networking opportunities to help Hispanic-owned businesses thrive.

Who is the CEO of Hispanic Business Foundation?

Carlos Menjivar is the Treasurer of Hispanic Business Foundation.

What is the revenue of Hispanic Business Foundation?

Hispanic Business Foundation's revenue in 2021 was $126,852.

Who are the executives of Hispanic Business Foundation and what are their salaries?


Here are 12 key members and their salaries:


Carmen Larson (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jorge Restrepo (Vice-Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Milvia Garrido (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Carlos Menjivar (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marlon Bernal (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gloria Bonilla (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Fraser Hidalgo (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raul Medrano (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Paul Samakow (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tony Spearman Leach (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Francisco Vega (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Javier Solis (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for Hispanic Business Foundation?

Hispanic Business Foundation's most recent form 990EZ was submitted in 2021 and can be accessed here.

Mission Statement of Hispanic Business Foundation

The Hispanic Business Foundation, as a small business development organization, is dedicated to its mission of providing educational and outreach programs. This mission is geared towards supporting the Hispanic business community, aiming to assist and empower these businesses in various ways. The organization's activities are centered around this mission, striving to make a significant impact on the Hispanic business community.

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Impact




October, 2024

The Hispanic Business Foundation plays a vital role in empowering the Hispanic business community through targeted education and outreach programs. By focusing on small business development, the organization enhances the skills, resources, and networks that entrepreneurs need to thrive in a competitive landscape. Located in Kensington, MD, it addresses specific challenges faced by Hispanic-owned businesses, fostering community improvement and economic growth within the region. Through its initiatives, the foundation not only provides essential tools but also cultivates a supportive environment that encourages entrepreneurship, leading to greater economic opportunities for individuals and their communities.




This information is meant to be a general summary of Hispanic Business Foundation. 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.

Revenue
$126,852 (2021)
Expenses
$107,769 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Program Service Revenue: $93,958
  • Gross Receipts: $131,282

Assets and Liabilities:

  • Total Assets: $52,730
  • Total Liabilities: $32,064
  • Net Assets: $20,666

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Organization Details

Principal Officer

Carlos Menjivar

Main Address

10400 CONNECTICUT AVE STE 308, KENSINGTON, MD, 20895

NTEE Category

Code: S43 - Community improvement

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