HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA INC
3201 East Colonial Drive Suite A20, Orlando, FL 32803 www.prosperausa.org

Total Revenue
$2,740,535
Total Expenses
$2,533,650
Net Assets
$1,917,900

Organizations Filed Purposes: TO STRENGTHEN THE ECONOMY OF FLORIDA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.

HBIF IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN FLORIDA SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO HISPANIC ENTREPRENEURS TRYING TO ESTABLISH OR EXPAND

ONE-ON-ONE CONSULTING: HBIF STAFF MEET WITH BUSINESS OWNERS TO ASSESS THE VIABILITY OF THE BUSINESS IDEA AND THE JOB CREATION POTENTIAL OF THE BUSINESS VENTURE. IN-HOUSE STAFF ADVISE CLIENTS AS TO THE GENERAL BUSINESS PRACTICES, FINANCIALS, LICENSES/PERMITS, AND ACCESS TO CAPITAL, AMONG OTHERS. IN-HOUSE CONSULTING IS PROVIDED BILINGUAL AND FREE OF CHARGE TO THE BUSINESS OWNER. HBIF ASSISTED 1,740 BUSINESS OWNERS ACROSS THE STATE OF FLORIDA.

ENTREPRENEURIAL GRANTS: HBIF'S GRANTS ALLOW STARTUPS AND EXISTING BUSINESSES TO RECEIVE ADVANCED BUSINESS DEVELOPMENT SERVICES AT NO OR MINIMAL COST, COMPLETED BY SUBCONTRACTED PROVIDERS PAID BY HBIF. THE GRANTS OFFERED BY HBIF INCLUDE: LEGAL STRUCTURE ASSESSMENT, ACCOUNTING ASSESSMENT, BUSINESS PLAN DEVELOPMENT, MARKETING PLAN, CORPORATE BRANDING, WEB PAGE CREATION, QUICKBOOKS TRAINING, AND LOAN APPLICATION PREPARATION. HBIF AWARDED ENTREPRENEURIAL GRANTS TO 149 BUSINESSES.

EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. HBIF HAD OVER 3,206 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.

Executives Listed on Filing

Total Salary includes financial earnings, benefits, and all related organization earnings listed on tax filing

NameTitleHours Per WeekTotal Salary
Augusto SanabriaPresident/CEO40$244,327
Luis E OteroCFO40$134,645
Boris AyalaVICE CHAIR2$0
Alexander Sueirotreasurer2$0
Eddie Solerchair2$0
James HarhiSECRETARY2$0
Alex DominguezDIRECTOR.0.5$0
Luz AvilesDIRECTOR.0.5$0
Sherry AmbroseDIRCTOR0.5$0
Armando Rodriguez-FeoDIRECTOR0.5$0
Lilly GonzalezDIRECTOR at large0.5$0
Amy ManganDIRECTOR0.5$0
Delvis DiazDIRECTOR0.5$0
Freddy BalseraDIRECTOR AT LARGE0.5$0
Mercedes AngellDIRECTOR0.5$0
Cristina AbreuDIRECTOR0.5$0
Jose SanchezDirector0.5$0
Lindsey KimballDIRECTOR0.5$0
Victor Riveraimmediate past chair0.5$0
Lori Duarte-RobertsDIRECTOR0.5$0

Data for this page was sourced from XML published by IRS (public 990 form dataset) from: https://s3.amazonaws.com/irs-form-990/202032309349300323_public.xml