Hispanic Business Initiative Fund Nationwide Inc in Orlando, Florida (FL)

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Hispanic Business Initiative Fund Nationwide Inc
Employer Identification Number (EIN)043589150
Name of OrganizationHispanic Business Initiative Fund Nationwide Inc
In Care of NameAUGUSTO SANABRIA
Address3201 E Colonial Drive No A20, Orlando, FL 32803
SubsectionCharitable Organization
Ruling Date07/2002
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period2013
Assets$0
Income$0
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$9,130
Amount of Income$36
Form 990 Revenue Amount$36
National Taxonomy of Exempt Entities (NTEE)Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General)


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Financial snapshot ($)

Revenue, Expenses, and Changes in Net Assets or Fund Balances (for 2010)
Total revenue$36
Contributions, gifts, grants, and similar amounts received$0
Program service revenue including government fees and contracts$0
Membership dues and assessments$0
Investment income$36
Gain from sale of assets other than inventory$0
Net income from gaming and fundraising events$0
Gross profit from sales of inventory$0
Other revenue$0
Total expenses$362
Total net assets$8,930
Deficit for the year$-326
Net assets or fund balances at beginning of year$9,256
Other changes in net assets or fund balances$0
Balance Sheets (for 2010)
Total assets$9,130
Total liabilities$200
Net assets or fund balances$8,930
Other Information (for 2010)
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNo
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
Reason for Public Charity Status (for 2010)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
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