Baybrazil Inc
- Assets
- $725.8k
- Revenue
- $160.5k
- Investments
- $0.0
- Employees
- 1
- Location
- San Jose, CA
- Founding
- 06/2014
- Data as of
- 12/2023
- EIN
- 46-1338600
Organization Overview
Baybrazil Inc is located in San Jose, CA. The organization was established in 2014. According to its NTEE Classification (X03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Baybrazil Inc is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Baybrazil Inc generated $160.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.1%) each year. All expenses for the organization totaled $190.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BUILD A TIGHTLY-KNIT COMMUNITY OF BRAZILIAN PROFESSIONALS, ENTREPRENEURS, INVESTORS & SCHOLARS IN THE BAY AREA BY PROMOTING NETWORKING AND STRENGTHENING BUSINESS TIES WITH U.S. PROFESSIONALS INTERESTED IN BRAZIL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
BAYBRAZIL CONFERENCE TO ENGAGE OUR BRAZILIAN-AMERICAN COMMUNITY IN A FULL-DAY DIALOGUE ON CUTTING-EDGE TECHNOLOGIES, INNOVATION & BRAZILS ROLE IN THE GLOBAL ECONOMY INNOVATION. WE GATHERED ENTREPRENEURS, INVESTORS, AND PRIVATE-SECTOR LEADERS FROM SILICON VALLEY, THE U.S. EAST COAST AND VARIOUS REGIONS IN BRAZIL. TOPICS INCLUDED THE LATEST TRENDS ON GENAI, THE CURRENT STATE OF ENTREPRENEURSHIP IN BRAZIL & THE U.S., THE GLOBAL VENTURE INVESTING MARKET.
MEETINGS WITH FOUNDERS, INTRODUCTIONS TO TECH PLAYERS, INVESTORS, MENTORS MONTHLY NEWS SUMMARY ON RELEVANT DEALS, INVESTMENTS ON BRAZIL-SILICON VALLEY ENTREPRENEURIAL SCENE CALLS, DIGITAL MEETINGS TO BUILD RELATIONSHIPS, FOSTER DIALOGUES, NEW OPPORTUNITIES AND NURTURE COMMUNITY TIES
BAYBRAZIL WEEK TO DESIGN AN ARTIFICIAL INTELLIGENCE-FOCUSED AGENDA FOR BAYBRAZIL PARTNERS AND GUESTS TO EXPLORE THE GENERATIVE AI LANDSCAPE, DISCUSS USE CASES, TOOLS AND CHALLENGES OF AI APPLICATION. WE GATHERED BRAZILIAN FOUNDERS, INVESTORS, CIOS, CTOS AND CEOS IN F2F MEETINGS, VISITS AND IN-DEPTH CONVERSATIONS WITH LEADING SILICON VALLEY COMPANIES, INVESTORS, LOCAL EXECUTIVES.
BRAZILIAN FOUNDERS & SILICON VALLEY TECH LEADERS DISCUSSING THE CURRENT FUNDRAISING SCENARIO IN THE LATIN AMERICA REGION EVENT FEATURED FOUNDERS AND TECHNOLOGY LEADERS IN A DIALOGUE ON BUSINESS TRENDS AND EXPECTATIONS FOR 2023. BAYBRAZIL PARTNERS & EXECUTIVE MEMBERS BAYBRAZIL PARTNERS AND EXECUTIVE MEMBERS JOINED AN EXCLUSIVE CONVERSATION ON THE LATEST ARTIFICIAL INTELLIGENCE TECHNOLOGIES. MEETING OBJECTIVE: BRING TOGETHER BRAZIL & SILICON VALLEY-BASED FOUNDERS OF AI-FOCUSED STARTUPS, DATA SCIENCE ENGINEERS AND INVESTORS TO EXCHANGE VIEWS ON APPLICATIONS OF LANGUAGE MODELS CONCEPTS THAT ARE SETTING RECORD ON USER GROWTH AND IMPACTING BUSINESS ACROSS INDUSTRIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Margarise Correa President/ce | Officer | 40 | $95,000 |
Fred Aslan Board Member | Trustee | 1 | $0 |
Harald Batista Board Member | Trustee | 1 | $0 |
Ron Czerny Board Member | Trustee | 1 | $0 |
Daniela Jorge Board Member | Trustee | 1 | $0 |
Avanish Sahai Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $58,626 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $366 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $58,992 |
| Total Program Service Revenue | $101,552 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $160,544 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $95,000 |
| Compensation of current officers, directors, key employees. | $45,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $40,000 |
| Other employee benefits | $0 |
| Payroll taxes | $7,380 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,828 |
| Fees for services: Accounting | $1,748 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $17,001 |
| Advertising and promotion | $3,125 |
| Office expenses | $129 |
| Information technology | $736 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,554 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,091 |
| Interest | $6,048 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,512 |
| All other expenses | $0 |
| Total functional expenses | $190,152 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,653 |
| Savings and temporary cash investments | $618,097 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $725,750 |
| Accounts payable and accrued expenses | $205 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $7,046 |
| Total liabilities | $7,251 |
| Net assets without donor restrictions | $718,499 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $725,750 |