Suazo Business Center
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.
Suazo Business Center at a glance
In short: Suazo Business Center reported $8K in grants paid in 2025 (a total; its filing lists no individual grants). Source: 2025 IRS Form 990.
- Grants paid (2025)
- $7,500 — reported as a total on the IRS filing, without an itemized list
- -73.2% vs 2024
- Total assets
- $1,781,590
- +14.1% vs 2024
- Revenue (2025)
- $1,705,273
- +7.0% vs 2024
- Net investment income (2025)
- $10,815
- +50.6% vs 2024
- Expenses (2025)
- $1,529,015
- +4.8% vs 2024
- Latest 990 filing
- Form 990, 2025 View filing
Data from IRS Form 990, 2025; updated October 2026.
Who Suazo Business Center funds
How this funder distributes its grants
Grant Size Distribution
3 grants across all recorded years
The most common grant size was under $50K: 3 grants of 3 (100%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2024 to 2025, annual grant giving ranged from $8K (2025) to $28K (2024). In 2025 it reported $8K in grants paid, as a total without an itemized list.
Hatched bars: grants paid as reported on the IRS filing, which lists no individual grants for that year.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Dee's Inc Salt Lake City, UT | — | $10,000 |
| Chopper Landscaping Salt Lake City, UT | — | $10,000 |
| Enterprise 600 LLC Salt Lake City, UT | — | $8,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Net Investment Income |
|---|---|---|---|---|---|---|
| 2025 | $1,781,590 | $1,705,273 | $1,529,015 | $7,500 | Total only | $10,815 |
| 2024 | $1,560,866 | $1,593,220 | $1,459,275 | $28,000 | 3 | $7,181 |
| 2023 | $1,406,762 | $1,540,347 | $1,479,831 | — | — | $17 |
| 2022 | $1,347,138 | $1,289,713 | $1,174,247 | — | — | $30 |
| 2021 | $1,205,650 | $1,001,174 | $767,081 | — | — | $101 |
| 2020 | $1,014,987 | $624,916 | $482,990 | — | — | $243 |
| 2019 | $803,400 | $535,635 | $434,393 | — | — | $561 |
"Total only": grants paid as reported on the IRS filing, which lists no individual grants for that year.
About Suazo Business Center
Based on IRS filings
Suazo Business Center is a public charity focused on Human Services, based in Salt Lake City, UT. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $1.8M in total assets. In 2025, it reported $8K in grants paid as a total on its IRS filing, without an itemized list. Net investment income was $11K.
Focus Areas
Leadership & Key People
Officers and directors from IRS filings
Suazo Business Center is led by Silvia Castro, President since 2023 (on filings since 2019); 1 of 16 officers listed in 2025 is compensated.
Officers on the 2025 filing
Silvia Castro
President
Executive Di → President, 2023
On filings since 2019
40 hrs/week
$76K (2019) → $179K (2025)
Lorena Riffo-Jenson
Chair
New on the 2025 filing
2.5 hrs/week
No compensation reported
Blaine D. Bagley
Director
Secretary → Vice Chairman, 2021
Vice Chairman → Director, 2025
On filings since 2019
2.3 hrs/week
No compensation reported
Jennifer Tarazon
Director
On filings since 2021
1 hr/week
No compensation reported
Cheryle Caplinger
Director
On filings since 2023
1 hr/week
No compensation reported
Jr Vera
Director
On filings since 2023
1 hr/week
No compensation reported
Pete Codella
Director
On filings since 2023
1 hr/week
No compensation reported
Eli Madrigal
Director
New on the 2025 filing
1 hr/week
No compensation reported
Juanita Damon
Director
New on the 2025 filing
1 hr/week
No compensation reported
Leo Gutierrez
Director
New on the 2025 filing
1 hr/week
No compensation reported
Marcia White
Director
New on the 2025 filing
1 hr/week
No compensation reported
Marlon Morales
Director
New on the 2025 filing
2.3 hrs/week
No compensation reported
Reyes Flores
Director
New on the 2025 filing
1 hr/week
No compensation reported
Howard M. Headlee
Vice Chair
Treasurer → Vice Chair, 2025
On filings since 2019
2.5 hrs/week
No compensation reported
R. Bruce Bowman
Secretary
Director → Secretary, 2025
On filings since 2019
2.3 hrs/week
No compensation reported
Ted Peterson
Treasurer
Director → Treasurer, 2025
On filings since 2019
2.3 hrs/week
No compensation reported
Former officers (26)
- Former: Alicia L. Suazo (2019–2024) — Emeritus
- Former: Anthony F. Mirabile (2019–2024) — Chairman
- Former: Gladys M. Gonzalez (2019–2024) — Emeritus
- Former: Gina Rasmuson (2020–2024) — Secretary
- Former: Diego Alvarado Karste (2021–2024) — Director
- Former: Lorena Riffo Jenson (2022–2024) — Director
- Former: Annalisa Holcombe (2023–2024) — Director
- Former: Dianne Rivera (2019–2022) — Director
- Former: Tim Sheehan (2019–2022) — Director
- Former: Trent Christensen (2019–2022) — Director
- Former: Greg Summerhays (2020–2022) — Director
- Former: Ben Kolendar (2021–2022) — Director
- Former: Kelly Shupe (2021–2022) — Director
- Former: Ryan Starks (2021–2022) — Director
- Former: Yrene Luque (2021–2022) — Director
- Former: Eric Marsing (2019–2020) — Director
- Former: Mark Seastrand (2019–2020) — Director
- Former: Rossina S. Lake (2019–2020) — Director
- Former: Benjamin Kolendar (2020) — Director
- Former: Christopher Crittenden (2020) — Director
- Former: Lucy Cardenas (2020) — Director
- Former: Yangzi Jin (2020) — Director
- Former: Jorge Mazal (2019) — Director
- Former: Luz Cardenas (2019) — Director
- Former: Steve Downing (2019) — Director
- Former: Yangzee Jin (2019) — Director
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2025 IRS filing
The highest reported compensation on the 2025 filing was $179K, to Silvia Castro (President &).
Frequently asked questions about Suazo Business Center
How much does Suazo Business Center give each year?
Suazo Business Center reported $8K in grants paid in 2025 on its 2025 IRS Form 990, as a total without an itemized list of grants. In 2024 it gave $28K across 3 grants.
How large is Suazo Business Center?
Suazo Business Center reported $1.8M in total assets on its 2025 IRS Form 990. Its revenue that year was $1.7M.
What is Suazo Business Center?
Suazo Business Center is a public charity focused on Human Services, based in Salt Lake City, UT. It holds $1.8M in total assets as of 2025.
Where does Suazo Business Center operate?
Suazo Business Center has awarded grants in Utah.
What is Suazo Business Center's EIN?
Suazo Business Center's EIN (Employer Identification Number) is 04-3693364. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated October 2026. Sourced from IRS Form 990 filings.
Data update history
(3)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS March 5, 2020)
- Updated Form 990 for fiscal year 2024 (received by the IRS June 2, 2025)
- Added Form 990 for fiscal year 2025 (received by the IRS May 13, 2026)
Live grants for the work Suazo Business Center funds
Human Services Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Suazo Business Center's focus areas in our free grants database
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