Public Charity

HISPANIC BUSINESS INITIATIVE FUND INC

HISPANIC BUSINESS INITIATIVE FUND INC is a Public Charity headquartered in ORLANDO, FL. Financial data from the 2024 filing: $4.0M revenue, $4.1M expenses, $5.7M total assets. 32 publicly reported grants to this organization, totaling roughly $1.3M, appear in IRS filings.

EIN: 593341405 ORLANDO, FL Latest filing: 2024
Total Revenue$4.0M
Total Expenses$4.1M
Total Assets$5.7M
Grant Records32
Funding Total$1.3M
Filing Years2020–2024

Mission

TO STRENGTHEN THE ECONOMY OF FLORIDA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.

Officers & Directors

TREASURER Alexander Sueiro
DIRECTOR-AT-LARGE Alex Dominguez
CEO/PRESIDENT Augusto Sanabria
PAST CHAIR Boris Ayala
DIRECTOR-AT-LARGE Carlos Brackley
DIRECTOR-AT-LARGE Carlos F Escobar

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$382,200 13 grants
CHARITABLE DONATION
$312,358 4 grants
ECONOMIC DEVELOPMENT
$237,500 3 grants
PROGRAM SUPPORT
$201,000 3 grants
SEE PART IV
$100,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2024 $4.0M $4.1M $5.7M
2023 $4.2M $3.4M $5.8M
2022 $3.3M $2.9M $4.3M
2021 $3.8M $2.6M $4.1M
2020 $3.3M $2.8M $3.6M

Between 2020 and 2024, reported annual revenue grew from $3.3M to $4.0M (+21%), with total assets most recently reported at $5.7M.

Interactive year-over-year charts and full filing details available with membership.

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