Overview

Sign up for

Est.

1995

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Hispanic Business Initiative Fund Inc (EIN: 59-3341405) is a nonprofit organization based in Florida that focuses on entrepreneurship by providing bilingual assistance to Hispanic entrepreneurs seeking to establish or expand their businesses. With an operating budget of $3.9 million and total revenue of $4 million for the 2024 filing year, HBIF offers a range of professional services, including educational programs, individual consulting, and loan facilitation. The organization does not rely on a single funder for 50% or more of its revenue, ensuring a diverse funding base to support its mission. For more information, visit www.prosperausa.org.

Mission Statement

HBIF IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN FLORIDA SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO HISPANIC ENTREPRENEURS TRYING ESTABLISH OR EXPAND THEIR BUSINESS IN FLORIDA. HBIF'S QUALITY YEAR-ROUND PROFESSIONAL SERVICES INCLUDE EDUCATIONAL PROGRAMS, INDIVIDUAL CONSULTING AND TECHNICAL ASSISTANCE, ENTREPRENEURIAL GRANTS FOR SUBCONTRACTED SERVICES, AND LOAN FACILITATION.
Revenues
$4M
Expenses
$4.1M
Net Income:
-$84.6K
Assets
$5.7M
Liabilities
$993.8K
Net Assets:
+$4.7M
Operating Budget
$3.9M
Operating Budget by Year

Due Diligence

Are you a grantmaker?
Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
plg-image
plg-image
Go beyond basic verification
Instantly get 50+ financial health and governance metrics, including LUNA.
Total No. of Grants
8
Median grant size
$30.5K
Largest grant received
$250K
L
Luis E Otero
Board Member
A
Alexander Sueiro
Board Member
L
Lori Duarte-Roberts
Board Member

Frequently Asked Questions

What is HISPANIC BUSINESS INITIATIVE FUND INC’s budget?
In 2024, HISPANIC BUSINESS INITIATIVE FUND INC reported an annual operating budget of around $3.9 million. More detailed financial information is available to registered users.
What causes does HISPANIC BUSINESS INITIATIVE FUND INC support?
HISPANIC BUSINESS INITIATIVE FUND INC supports work in Entrepreneurship.
Where does HISPANIC BUSINESS INITIATIVE FUND INC operate?
HISPANIC BUSINESS INITIATIVE FUND INC is headquartered in Orlando, FL.
Who funded HISPANIC BUSINESS INITIATIVE FUND INC recently?
In 2025, HISPANIC BUSINESS INITIATIVE FUND INC received grants from CHARITIES AID FOUNDATION AMERICA, HEART OF FLORIDA UNITED WAY INC, and JPMORGAN CHASE FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant HISPANIC BUSINESS INITIATIVE FUND INC received in 2024?
The largest grant to HISPANIC BUSINESS INITIATIVE FUND INC in 2024 exceeds $250 thousand.
What is HISPANIC BUSINESS INITIATIVE FUND INC’s reliance on government grants?
HISPANIC BUSINESS INITIATIVE FUND INC relied on government grants for more than 45% of their total revenue in 2024.