Hispanic Business Foundation Of Maryland, Inc.

What Hispanic Business Foundation Of Maryland, Inc. does

Hispanic Business Foundation Of Maryland, Inc. (HBF) is a 501(c)(3) nonprofit organization founded in 2000 as an initiative of the Hispanic Chamber of Commerce of Montgomery County (HCCMC). It operates from Kensington, Maryland, sharing a Board of Directors with its parent chamber and delivering three core programs: Partnership Youth Initiative (PYI), a paid internship and mentorship program for low-income, minority (primarily Hispanic and African-American) high school students aged 16–21 in Maryland; Add Us In (AUI), a federally granted program implemented in partnership with TransCen Inc since 2011 to support youth and young adults with disabilities from culturally and linguistically diverse backgrounds; and Business Empower Center (BEST), which provides workshops, seminars, and one-to-one coaching to emerging and small Hispanic and minority-owned businesses on marketing, financing, government procurement, labor law, and compliance. HBF recruits students directly through five named Montgomery County high schools (Paint Branch, Albert Einstein, Montgomery Blair, Seneca Valley, and Wheaton) and engages host businesses via the HCCMC network.

The organization's underlying technology stack is minimal: HBF runs no proprietary platform, relying instead on a WordPress-based website maintained by AQUAS, Inc. (whose CEO also serves as HBF Board President), email outreach, and PayPal-integrated donation processing for tax-deductible contributions. There is no mobile app, no API, no disclosed AI/ML capability, and no proprietary software product. Service delivery is fundamentally human-mediated — mentor-led cohorts, in-person workshops, and direct internship placement.

HBF's business model is that of a small community foundation: it charges no fees to students or small businesses and funds operations through (a) unrestricted tax-deductible donations from individuals and corporate partners processed via PayPal, and (b) restricted foundation grants such as the $5,000 award from The Grainger Foundation in September 2019. The Partnership Youth Initiative provides paid internships, which are subsidized through these contributions. Geographic reach is described as Maryland, Virginia, and DC, although active program delivery is concentrated in Montgomery County. No revenue figures, headcount, or financial performance metrics are publicly disclosed.

Name

Hispanic Business Foundation Of Maryland, Inc.

Legal name

Hispanic Business Foundation Of Maryland, Inc.

Website

https://hbfmd.org

Company type

Private

Founded year

2000

Operating status

Operating

Short description

Hispanic Business Foundation Of Maryland, Inc. is a 501(c)(3) nonprofit founded in 2000 that delivers paid-internship, mentorship, and small-business coaching programs to low-income minority high school students and Hispanic and minority-owned businesses across Maryland through its parent Hispanic Chamber of Commerce of Montgomery County.

Ownership category

akta.pro rank

Product category

Youth Education and Workforce Development Services

NAICS

Educational Services (611), Business, Professional, Labor, Political, and Similar Organizations (8139)

SIC

Services-Educational Services (8200)

akta.pro primary industry

Entrepreneurship & Small Business Workforce Programs (EDAAAOAM)

akta.pro secondary industries

Small Business & Entrepreneurship Community Education (EDAAAFAK), Social Entrepreneurship & Impact Business (EDAMAHAK), Marketing, Branding & Sales Skills (EDAMAHAG)

Keywords

• Youth mentorship programs
• Small business education
• Nonprofit foundation services
• Paid internship programs
• Minority business development

Headquarters

HQ city

Kensington

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others, Marketing or Sales, Technology or R&D

Revenue model

1. Donations and Charitable Contributions: HBF operates as a 501(c)3 nonprofit organization that relies primarily on tax-deductible donations from individuals, foundations, and corporate partners to fund operations and programs. Donations support youth programs, internships, and administrative costs.
2. Foundation Grants: HBF receives grants from private foundations such as The Grainger Foundation ($5,000 grant in 2019) to support specific programs including educational initiatives and summer technology programs for Hispanic high school students.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels5 records

Core offering

The Hispanic Business Foundation of Maryland is a 501(c)(3) nonprofit that provides free educational and community outreach programs to underserved minority high school students and Hispanic/minority-owned small businesses in Maryland. Its core offerings are three programs: Add Us In (AUI) for youth with disabilities, Business Empower Center (BEST) for small business coaching and workshops, and Partnership Youth Initiative (PYI) for paid youth internships and mentorship. Services are delivered free of charge and funded by donations and foundation grants.

Product overview

The Hispanic Business Foundation of Maryland is a 501(c)(3) non-profit organization offering three core youth and business development programs: Add Us In (AUI) — a federal-granted program for youth with disabilities providing seminars, consultancy, and ESL incubators; Business Empower Center (BEST) — workshops and one-to-one coaching for small businesses covering marketing, business management, and government procurement; and Partnership Youth Initiative (PYI) — a mentorship and paid internship program for disadvantaged high school youth. These programs are complemented by volunteer, mentor, and business partnership opportunities, all coordinated through the Foundation's office in Kensington, Maryland.

Differentiator

Problem solved

Functional benefit

Brands

• Add Us In (AUI): Federal Granted Program aimed at building cross-sectorial capacity for educational work experiences and jobs for youth and young adults with disabilities from culturally and linguistically diverse backgrounds.
• BEST (Business Empower Center)
• PYI (Partnership Youth Initiative)

Products and services

• Add Us In (AUI) Federal-granted program that builds cross-sector capacity for educational work experiences and jobs for youth and young adults with disabilities from culturally and linguistically diverse backgrounds; includes small business seminars, one-to-one consultancy, ESL incubators, and youth sports media camps.
• Business Empower Center (BEST) Provides emerging and small businesses with networking opportunities, webinars, and seminars on marketing, business management, credit and loan education, county resources, labor law, taxes, and social media strategies; serves approximately 120 workshop participants and 25 small businesses through one-to-one coaching.
• Partnership Youth Initiative (PYI) Youth mentorship and internship program that brings together business professionals and disadvantaged high school youth; aims to increase high school graduation rates among economically disadvantaged youth through paid internships, mentorship, role model guidance, and stipends to assist with living expenses.

Named customers5 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• TransCen InccoreStrategic or Co-development Partner · 1 January 2011HBF partnered with TransCen Inc in 2011 to implement the Add Us In (AUI) initiative, a program promoted by the U.S. Department of Labor designed to assist youth with disabilities achieve independence through internship and employment opportunities.
• Hispanic Chamber of Commerce of Montgomery County (HCCMC)coreStrategic or Co-development Partner · 1 January 2000HCCMC is the parent organization that oversees the strategic and operational activities of the Hispanic Business Foundation. Both organizations share the same Board of Directors, ensuring alignment of programs and initiatives with the Foundation's strategic goals. HCCMC was the founding organization that initiated HBF in 2000.
• W.W. Grainger, Inc. (Rockville, MD)minorGTM or Marketing PartnerJustin Brightbill, Branch Manager of W.W. Grainger's Rockville, MD location, recommended The Grainger Foundation donation to HBF. Grainger has been part of Montgomery County for over 25 years.
• Montgomery County Public SchoolscoreStrategic or Co-development PartnerHBF works directly with Montgomery County high schools to recruit student participants and coordinate internship and mentorship programs. Participating schools include Paint Branch, Albert Einstein, Montgomery Blair, Seneca Valley, and Wheaton High Schools.
• AQUAS, Inc.minorOthersAQUAS, Inc. designed and maintains the HBF website. CEO Carmen Larsen serves as President of HBF Board.

Scale indicators4 records

Recent moves7 records

Expansion highlights4 records

Broad incumbents

• UnidosUS (formerly National Council of La Raza): Largest national Latino civil rights and advocacy organization, operating education, workforce, and small business programs across the country. Comparable in serving Hispanic youth and small businesses but at national scale through a network of affiliate organizations.
• Hispanic Federation: National nonprofit providing grantmaking, capacity building, and program support to Hispanic-serving community organizations on the East Coast and beyond. Comparable as a funder and capacity-builder for Hispanic nonprofits similar to HBF.
• United States Hispanic Chamber of Commerce: National federation representing the interests of Hispanic-owned businesses and over 200 local chambers. Comparable as the umbrella Hispanic business advocacy network that HBF's parent HCCMC ultimately plugs into.

Direct peers

• Hispanic Chamber of Commerce of Montgomery County (HCCMC): Parent organization of HBF, sharing the same Board of Directors and providing the strategic/operational backbone for HBF's programs. Directly comparable as a Hispanic-focused chamber serving Montgomery County, MD minority businesses and community.
• Casa de Maryland: Large Maryland-based nonprofit serving Latino immigrants and low-income residents through education, workforce, and small business support programs. Comparable as a regional Hispanic-services nonprofit with overlapping youth and small-business empowerment missions in the same DC/Maryland corridor.
• Latin American Youth Center: DC-based nonprofit providing education, workforce development, and supportive services to Latino and other underserved youth. Comparable mission and population focus, operating in the adjacent DC/Maryland geography that HBF targets.

Regional players

• Greater Washington Hispanic Chamber of Commerce: Regional Hispanic chamber covering the DC metro area, providing business development resources to Hispanic entrepreneurs. Comparable in serving Hispanic small-business owners in the same DMV corridor as HBF, but at metro scale.
• Maryland Hispanic Chamber of Commerce: Statewide Hispanic business chamber serving Maryland minority-owned businesses through networking, education, and advocacy. Comparable in target audience (Hispanic entrepreneurs) but operates one level up geographically from HBF's Montgomery County focus.

Others

• Hispanic Scholarship Fund: National nonprofit focused on higher education access and scholarships for Hispanic students. Comparable in mission (Hispanic youth educational attainment) but operates primarily through scholarship and college-readiness programming rather than direct K-12 internship delivery.
• TransCen Inc: Mid-Atlantic nonprofit specializing in transition and employment services for youth and adults with disabilities. Directly comparable as HBF's AUI program partner, with overlapping disability-inclusion and workforce development activities.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/hispanic-business-foundation-of-maryland

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Funding overview

Funding rounds

Investors

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M&A

Investments

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Frequently asked questions about Hispanic Business Foundation Of Maryland, Inc.