Sacramento Business Services Center
- Assets
- $706.6k
- Revenue
- $588.1k
- Investments
- $0.0
- Employees
- 0
- Location
- Sacramento, CA
- Founding
- 07/2003
- Data as of
- 12/2023
- EIN
- 68-0473583
Organization Overview
Sacramento Business Services Center is located in Sacramento, CA. The organization was established in 2003. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sacramento Business Services Center is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Sacramento Business Services Center generated $588.1k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 30.4% each year . All expenses for the organization totaled $637.2k during the year ending 12/2023. While expenses have increased by 35.2% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
OUR MISSION IS TO STRENGTHEN THE REGIONS BUSINESS COMMUNITY BY PROVIDING EDUCATION, TECHNICAL ASSISTANCE, ACCESS TO CAPITAL, PROCUREMENT FACILITATION AND WORKFORCE DEVELOPMENT TRAINING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE SACRAMENTO HISPANIC CHAMBER OF COMMERCE PROVIDES EDUCATION, NETWORKING AND ADVOCACY FOR MORE THAN 400 + CHAMBER MEMBERS. THROUGHOUT THE YEAR, THE CHAMBER PROVIDES MEMBERS WITH EDUCATIONAL SEMINARS TO ASSIST THEM IN FINANCIAL LITERACY, MARKETING PRINCIPLES, BUSINESS PLANNING AND APPLICATIONS. THE CHAMBER PRESENTS THREE SIGNATURE EVENTS THAT HIGHLIGHTS MEMBERS, BUSINESSES AND LEADERSHIP IN THE SACRAMENTO REGION. THE ANNUAL SALUD! BUSINESS AWARDS RECOGNIZES OUTSTANDING BUSINESSES, WHO ARE ALSO CONTRIBUTING TO THE BETTERMENT OF OUR COMMUNITY. THE EVENT PROVIDES AN OPPORTUNITY TO PRESENT THE ECONOMIC CONTRIBUTIONS AND SUCCESSES OF HISPANIC BUSINESSES TO THE GROWTH IN THE REGION TO CREATE JOBS AND BUILD OUR ECONOMY. THE ESTRELLA AWARDS RECOGNIZES EXCEPTIONAL HISPANIC WOMEN MAKING AN IMPACT IN THEIR PROFESSIONS AND TO THE COMMUNITY THROUGH THEIR LEADERSHIP. THE STATE OF HISPANICS IS OUR ANNUAL EVENT THAT SHARES THE PROGRESS, CHALLENGES, AND OPPORTUNITIES FOR HISPANICS ACROSS THE SACRAMENTO REGION THROUGH THE RELEASE OF THE HISPANIC ECONOMIC REPORT. THIS REPORT IS DONE IN PARTNERSHIP WITH OUR LOCAL STATE UNIVERSITY AND ECONOMIC DEVELOPMENT GOVERNMENT AGENCY. THROUGH THE SHARING OF THE TRENDS IN THE REPORT, OUR CHAMBER AND LOCAL ORGANIZATIONS HAVE A WORKING AN AGENDA TO ASSIST IN TRACKING THE INROADS BEING MADE TO UPLIFT THE HISPANIC BUSINESSES AND COMMUNITY THROUGH INVESTMENT AND EDUCATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cathy Rodriguez President & CEO | OfficerTrustee | 20 | $0 |
Veronica Delgado Rodriguez Secretary | OfficerTrustee | 2 | $0 |
Brenda Rejamand Past Chair | OfficerTrustee | 2 | $0 |
Manuel Morfin Director | Trustee | 2 | $0 |
Gabriel Garcia Director | Trustee | 2 | $0 |
Elizabeth Esquivel Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $309,133 |
| All other contributions, gifts, grants, and similar amounts not included above | $278,957 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $588,090 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $588,095 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $50,000 |
| Grants and other assistance to domestic individuals. | $22,000 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $282,890 |
| Advertising and promotion | $0 |
| Office expenses | $4,562 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,596 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,000 |
| Interest | $75 |
| Payments to affiliates | $265,224 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $637,157 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $524,055 |
| Savings and temporary cash investments | $30,754 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $99,133 |
| 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 | $52,697 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $706,639 |
| Accounts payable and accrued expenses | $95,634 |
| Grants payable | $0 |
| Deferred revenue | $469,005 |
| 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 | $0 |
| Total liabilities | $564,639 |
| Net assets without donor restrictions | $32,938 |
| Net assets with donor restrictions | $109,062 |
| 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 | $706,639 |