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Organizations Community Improvement & Capacity Building Hispanic Business Initiative Fund Inc.

Hispanic Business Initiative Fund Inc.

Fiscal year ending 2024. Filed on August 6, 2025.

3201 E Colonial Drive A-20
Orlando, Florida 32803

Hispanic Business Initiative Fund Inc. (EIN: 59-3341405) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2024 IRS Form 990 filing, Hispanic Business Initiative Fund Inc., a 501(c)(3) charitable organization, reported compensation for 2 out of 43 total employees. Among the employees shown here, the average compensation is $272,891. The highest compensated employee at Hispanic Business Initiative Fund Inc. is Augusto Sanabria with fiscal year 2024 compensation of $333,401.

Revenue, expenses, and employee compensation

Revenue

$4,013,533

Expenses

$4,098,095

Employee compensation

$2,770,217
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Augusto Sanabria
President and Chief Executive Officer
$333,401
$288,538 No related comp$44,863
Luis E Otero
Chief Financial Officer
$212,380
$182,353 No related comp$30,027

Benchmark Employee Compensation

Non-Employee Board Members

Alex Dominguez
Director at-large
Alexander Sueiro
Treasurer
Boris Ayala
Former Chair
Carlos Brackley
Director at-large
Carlos F Escobar
Director at-large
Carolina Y Blanco
Director at-large
Elisha Gonzalez
Director at-large
George Bermudez
Vice Chair
Kate Wilson
Director at-large
Lori Duarte-Roberts
Secretary
Luis Rosero
Director at-large
Luz Aviles
Chair

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.

Revisions to this organization profile

August 6, 2025:
2024 Hispanic Business Initiative Fund Inc. 990 filed
August 12, 2024:
2023 Hispanic Business Initiative Fund Inc. 990 filed
July 12, 2023:
2022 Hispanic Business Initiative Fund Inc. 990 filed

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