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Latino Business Foundation Silicon Valley

EIN 84-3419477 · San Jose, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair50 out of 100GovernanceStrong91 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$589,698
Spending
$754,951
Spent on programs
69%
Reserves
2.3 months of spending
Largest source of income
donations and private grants, 79%
Employees
6
Volunteers
10
Highest pay
$166,615, president & ceo

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 50 out of 100. Higher than 19% of charities in its peer group (community improvement, $250k to $1m).

  • Reserves

    10 of 35

    Spendable reserves would cover 2.3 months of spending.

  • Debt

    20 of 20

    It owes 13% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 28% of income.

  • Income trend

    5 of 15

    Income fell 23% on the year before.

  • Spending floor

    15 of 15

    69% of spending went to programs and raising each dollar of donations cost 22 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 91 out of 100. Higher than 75% of charities in its peer group (community improvement, $250k to $1m).

  • Independent board

    25 of 25

    4 of 5 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    6 of 15

    Its accounts were not audited or reviewed by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (4)
  1. $171,598 spent. 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.
  2. $120,473 spent. 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.
  3. $98,400 spent. 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.
  4. $127,840 spent. 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.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since April 2020.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

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