2025-06-02T10:55:29-04:00 2024-09-30 460952065 BOUNTIFUL PEAK ADVISORS 1564 SOUTH 500 WEST SUITE 201 BOUNTIFUL UT 840107400 990 2023-10-01 043693364 SUAZO BUSINESS CENTER SUAZ 8015211709 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 SILVIA CASTRO PRESIDENT & CEO 8015211709 2025-05-21 true true JUSTIN R SHAW CPA CFE CGMA P00081558 8012943155 2025-06-02 2023 2025-03-06 01:10:19Z SILVIA CASTRO 960 WEST 1700 SOUTH SALT LAKE CITY UT 841042200 1593220 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. 12 12 18 48 0 1459068 1447419 81262 138620 17 7181 0 1540347 1593220 8614 67733 0 772328 775527 50450 30000 111243 648439 586015 1479831 1459275 60516 133945 1406762 1560866 72357 92516 1334405 1468350 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 1208498 67733 138620 THIS YEAR WE'VE TAKEN SIGNI?CANT STEPS FORWARD. FROM EXPANDING OUR SERVICES IN OGDEN TO BEING AWARDED COMMUNITY DEVELOPMENT FINANCIAL INSTITUTION CERTIFICATION, WE'VE EMPOWERED EVEN MORE ENTREPRENEURS TO PURSUE THEIR DREAMS. WE HELPED LAUNCH 411 NEW BUSINESSES, GENERATED OVER 1,800 JOBS, AND PROVIDED NEARLY 3,000 BUSINESS ADVISING SESSIONS. OUR WORK GOES BEYOND TECHNICAL ASSISTANCE; IT'S ABOUT LEVELING THE PLAYING ?ELD AND FOSTERING ECONOMIC EQUALITY FOR UTAH'S UNDERSERVED COMMUNITIES. 1208498 true true false true false false false false false false true false false false false false true false false false false false false true false false false true true true false false false false false false false false false false false false false false false false false true 11 0 18 true false false false false false false false false false false false false X 12 12 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 145875 0 17413 BLAINE D BAGLEY VICE CHAIRMA 2.50 X X 0 0 0 R BRUCE BOWMAN DIRECTOR 2.50 X 0 0 0 CHERYLE CAPLINGER DIRECTOR 1.00 X 0 0 0 PETE CODELLA DIRECTOR 1.00 X 0 0 0 GLADYS GONZALEZ EMERITUS 0.00 X 0 0 0 HOWARD M HEADLEE TREASURER 2.25 X X 0 0 0 ANNALISA HOLCOMBE DIRECTOR 1.00 X 0 0 0 LORENA RIFFO JENSON DIRECTOR 2.75 X 0 0 0 DIEGO ALVARADO KARSTE DIRECTOR 0.15 X 0 0 0 ANTHONY F MIRABILE CHAIRMAN 2.50 X X 0 0 0 TED PETERSON DIRECTOR 2.25 X 0 0 0 GINA RASMUSON SECRETARY 1.00 X X 0 0 0 ALICIA L SUAZO EMERITUS 0.00 X 0 0 0 JENNIFER TARAZON DIRECTOR 1.00 X 0 0 0 JR VERA DIRECTOR 1.50 X 0 0 0 145875 17413 1 false true false 552014 895405 499 1447419 SEMINARS & WORKSHOPS 119515 119515 MICRO LOAN INTEREST AND FEES 19105 19105 138620 7181 7181 1593220 138620 7181 X 52433 52433 15300 15300 163469 98081 32694 32694 482086 406713 48262 27111 22996 18229 2782 1985 54236 42993 6563 4680 52740 41807 6382 4551 7133 7133 30000 30000 243178 237987 5191 43302 43302 17891 13772 2103 2016 68699 68699 68984 54330 8420 6234 23970 23970 35130 35130 22852 18115 2765 1972 3459 3459 STAFF DEVELOPMENT 22122 14748 7374 BAD DEBT EXPENSE 12771 12771 MEMBERSHIP DUES 9130 9130 BANK CHARGES 6406 6406 988 988 1459275 1208498 139534 111243 719813 487755 68981 318387 18866 2706 188522 337183 736716 321881 410580 414835 1406762 1560866 72357 92516 72357 92516 X 1321280 1468350 13125 1334405 1468350 1406762 1560866 133945 X false true X true false X 596970 978601 1228730 1459068 1447419 5710788 596970 978601 1228730 1459068 1447419 5710788 938947 4771841 243 101 30 17 7181 7572 5718360 331010 0.83450 0.82160 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 106371 106371 457543 215604 241939 172802 106277 66525 414835 1671240 78020 78020 1593220 1593220 1537295 78020 78020 1459275 1459275 false false DEE'S INC 1136 E WILMINGTON AVE STE 200 SALT LAKE CITY UT 84106 10000 ENTERPRISE 600 LLC 1205 E 11TH AVE SALT LAKE CITY UT 84103 8000 CHOPPER LANDSCAPING 159 W BROADWAY AVE STE 200 SALT LAKE CITY UT 84101 10000 SCHOLARSHIPS 15300 X false false false false false false false false false SILVIA CASTRO PRESIDENT & CEO 145875 17413 163288 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 237,987 5,191 0