BIZFED INSTITUTE Charity Report

Public IRS 990 nonprofit record

BIZFED INSTITUTE

EIN 81-2589663

What they do

to Enhance Community Revitalization Economic Development and Civic Engagement Through Concerted Organization Education Information Research and Communication. BFI Educates Engages and Equips Business Leaders and Owners With The Necessary Knowledge Connections and Resources to Create A Robust Regional Economy. This is Accomplished Through Forums Roundtables Seminars Including Webinars to Address Issues Such As Environmental Stewardship and Sustainability Education Workplace Development Housing Transportation Water Etc. Funding Comes From Grants Contributions Sponsorships and Gifts From Foundations Corporations Family Friends and The General Public.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $76.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders14 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

85.38%of revenue went to mission work76.8% of expenses · Program services

8.28%of revenue went to fundraising7.5% of expenses

$111.18spent for every $100 of revenueSpending was higher than revenue this year.

17.52%of revenue went to management and office costs15.8% of expenses

$0.23in assets for every $1 spent this yearSome assets cannot be spent right away.

100.0%of its money came from giftsOther money may come from services or investments.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $69,735 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $223,558 for KEVIN HARBOUR SR (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$623,537

Mission workProgram services$532,35385.38% of revenue76.8% of expenses

ManagementOffice and general costs$109,26417.52% of revenue15.8% of expenses

FundraisingAsking for donations$51,6558.28% of revenue7.5% of expenses

Total expenses$693,272111.18% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 76.8% mission · 15.8% management · 7.5% fundraisingTotal expenses: 111.18% of revenue

2023Expense mix: 68.5% mission · 21.4% management · 10.1% fundraisingTotal expenses: 92.32% of revenue

2022Expense mix: 0.0% mission · 20.7% management · 10.3% fundraisingTotal expenses: 97.46% of revenue

2021Expense mix: 54.4% mission · 20.0% management · 25.7% fundraisingTotal expenses: 90.30% of revenue

2020Expense mix: 0.0% mission · 100.0% management · 0.0% fundraisingTotal expenses: 99.19% of revenue

Money in and money out

Revenue$623,537

Expenses$693,272

Annual shortfall $69,735 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$532,353 · 76.8% of expenses

Management and office costs$109,264 · 15.8% of expenses

Fundraising$51,655 · 7.5% of expenses

See all reported dollar amounts

Revenue$623,537

Expenses$693,272

Assets$160,162

Income$623,537

Contributions$623,537

Mission work (program services)$532,353

Fundraising$51,655

Management and general$109,264

Executive compensation (total)$136,042

Accounting fees$18,620

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

KEVIN HARBOUR SRPRESIDENT · 40 hrs/week $223,558

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

KEVIN HARBOUR SRPRESIDENT

ALENE TABERCO-SECRETARY

DAVID FLEMINGFOUNDING CHAIR

DORAN J BARNESPROGRAM COMMITTEE CO-CHAIR

DULCE VASQUEZPROGRAM COMMITTEE CO-CHAIR

GILBERT IVEYADVISORY BOARD MEMBER

KARIN LONGHURSTCO-TREASURER

KEVIN KLOWDENCHAIR

LAWRENCE GUSTAFSONPROGRAM COMMITTEE CO-CHAIR

MARK GUILLENCO-TREASURER

MATT KLINKPROGRAM COMMITTEE CO-CHAIR

REX KNOWLESVICE CHAIR

ROBERT SAUSEDOCO-SECRETARY

TRACY HERNANDEZFOUNDING CEO

About this charity

Recognized since: January 2018
Location: 1150 S OLIVE ST FL 10, LOS ANGELES, CA 90015-4279
County: Los Angeles
In care of: % KEVIN HARBOUR PRESIDENT
Primary officer: Emmanuel Lallana, CFO

How to reach them

WebsiteVisit the charity’s website Phone(310) 703-2899 Officer phone(562) 416-9241

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990