Nonprofit · EIN 81-2589663
BIZFED INSTITUTE
Tax-exempt · LOS ANGELES, CA 90015
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $623,537 | $693,272 | -$69,735 | $160,162 | $114,166 | $45,996 |
| December 31, 2023 | 990 | $539,839 | $498,375 | $41,464 | $233,500 | $117,769 | $115,731 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $623,537
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $349,336
- Salaries, compensation and benefits (total)
- $398,235
- Professional fundraising fees
- $0
- Accounting fees
- $18,620
- Occupancy
- $1,900
- Travel
- $9,641
- Depreciation
- $9,664
- Program services (functional)
- $532,353
- Management and general (functional)
- $109,264
- Fundraising (functional)
- $51,655
Balance sheet and other
- Total assets, start of year
- $233,500
- Total assets, end of year
- $160,162
- Total liabilities, end of year
- $114,166
- Net assets, end of year
- $45,996
- Gross receipts
- $623,537
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Harbour Sr | President Officer, Key employee, Highest-paid employee | 40 | $223,558 |
| Kevin Klowden | Chair Trustee or director, Officer | 4 | $0 |
| Rex Knowles | Vice Chair Trustee or director, Officer | 4 | $0 |
| Robert Sausedo | Co-Secretary Trustee or director, Officer | 4 | $0 |
| Karin Longhurst | Co-Treasurer Trustee or director, Officer | 4 | $0 |
| Mark Guillen | Co-Treasurer Trustee or director, Officer | 4 | $0 |
| Matt Klink | Program Committee Co-Chair Trustee or director, Officer | 4 | $0 |
| Dulce Vasquez | Program Committee Co-Chair Trustee or director, Officer | 0 | $0 |
| David Fleming | Founding Chair Trustee or director, Officer | 0 | $0 |
| Tracy Hernandez | Founding CEO Officer | 4 | $0 |
| Lawrence Gustafson | Program Committee Co-Chair Trustee or director | 0 | $0 |
| Alene Taber | Co-Secretary Trustee or director | 0 | $0 |
| Gilbert Ivey | Advisory Board Member Trustee or director | 0 | $0 |
| Doran J Barnes | Program Committee Co-Chair Trustee or director, Officer | 0 | $0 |
990 for the year ended December 31, 2023: 35 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Kevin Harbour Sr | President Officer, Key employee | 40 | $215,865 |
| Kevin Klowden | Chair Trustee or director, Officer | 4 | $0 |
| Rex Knowles | Vice Chair Trustee or director, Officer | 4 | $0 |
| Robert Sausedo | Secretary Trustee or director, Officer | 4 | $0 |
| Karin Longhurst | Co-Treasurer Trustee or director, Officer | 4 | $0 |
| Mark Guillen | Co-Treasurer Trustee or director, Officer | 4 | $0 |
| Matt Klink | Program Committee Co-Chair Trustee or director, Officer | 4 | $0 |
| Dulce Vasquez | Program Committee Co-Chair Trustee or director, Officer | 0 | $0 |
| David Fleming | Founding Chair Trustee or director, Officer | 0 | $0 |
| Tracy Hernandez | Founding CEO Officer | 4 | $0 |
| Andy Carrasco | Board Member Trustee or director | 0 | $0 |
| Jenny Dudikoff | Board Member Trustee or director | 0 | $0 |
| Garrett Gin | Board Member Trustee or director | 0 | $0 |
| Lawrence Gustafson | Board Member Trustee or director | 0 | $0 |
| Adel Hagekhalil | Board Member Trustee or director | 0 | $0 |
| Jennifer Hernandez | Board Member Trustee or director | 0 | $0 |
| Craig Kessler | Board Member Trustee or director | 0 | $0 |
| Stella Li | Board Member Trustee or director | 0 | $0 |
| Maria Mehranian | Board Member Trustee or director | 0 | $0 |
| Lee Odell | Board Member Trustee or director | 0 | $0 |
| Whitney O'Neill | Board Member Trustee or director | 0 | $0 |
| Tigran Patpatyan | Board Member Trustee or director | 0 | $0 |
| Stephen Sachs | Board Member Trustee or director | 0 | $0 |
| Ali Sahabi | Board Member Trustee or director | 0 | $0 |
| Patty Senecal | Board Member Trustee or director | 0 | $0 |
| Rohit Sukla | Board Member Trustee or director | 0 | $0 |
| Quentin Strode | Board Member Trustee or director | 0 | $0 |
| John Switalski | Board Member Trustee or director | 0 | $0 |
| Alene Taber | Board Member Trustee or director | 0 | $0 |
| Gilbert Ivey | Advisory Board Member Trustee or director | 0 | $0 |
| Adi Liberman | Advisory Board Member Trustee or director | 0 | $0 |
| Doran J Barnes | Program Committee Co-Chair Trustee or director, Officer | 0 | $0 |
| Dr Chris Thornberg | Board Member Trustee or director | 0 | $0 |
| Mark Wilbur | Board Member Trustee or director | 0 | $0 |
| Ella Williams | Board Member Trustee or director | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 1150 S OLIVE ST FL 10, LOS ANGELES, CA 90015-4279
- In care of
- % KEVIN HARBOUR PRESIDENT
- Mailing address (990-N for 2017)
- 6055 E Washington Blvd Suite 260, Commerce CA 90040
- Principal officer (990 for 2024)
- Kevin Harbour - President, 1150 South Olive Street Floor 10, Los Angeles, CA 90015
- Principal officer (990-N for 2017)
- Tracy Hernandez, 6055 E Washington Blvd Suite 260, Commerce CA 90040
- Signed the 990
- Emmanuel Lallana, CFO
- Phone
- (310) 703-2899
- Website
- www.bizfedinstitute.org
California records
California keeps its own records of charities and corporations. Search them by EIN 81-2589663 or by the name BIZFED INSTITUTE.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
To enhance community revitalization economic development and civic engagement through concerted organization education information research and communication.
Program accomplishments
- Not applicable.0
- Not applicable.0
- Not applicable.0
- Other Program ServicesExpenses $532,353
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-2589663
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $160,162
- Income (IRS master file)
- $623,537
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $623,537 | $693,272 | $160,162 | XML |
| 990 | December 2023 | $539,839 | $498,375 | $233,500 | XML |
| 990 | December 2022 | $467,050 | $455,191 | $173,338 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-N for 2017 Officer: Tracy Hernandez | June 30, 2018 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-2589663).
Questions about BIZFED INSTITUTE
- What is the EIN of BIZFED INSTITUTE?
- The employer identification number (EIN) of BIZFED INSTITUTE is 81-2589663.
- Is BIZFED INSTITUTE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to BIZFED INSTITUTE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does BIZFED INSTITUTE file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of BIZFED INSTITUTE due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did BIZFED INSTITUTE last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of BIZFED INSTITUTE?
- The 990 for the year ended December 31, 2024 names Kevin Harbour - President.
- Who are the officers and directors of BIZFED INSTITUTE?
- The 990 for the year ended December 31, 2024 lists 14 people; 1 received compensation from the organization, the highest $223,558 (Kevin Harbour Sr, President).
- How much revenue does BIZFED INSTITUTE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $623,537, expenses of $693,272 and total assets of $160,162 at year end.
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