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Nonprofiteer
← PROSPERA GEORGIA LLC

Form 990 for tax year 2023

Filed by PROSPERA GEORGIA LLC.

Totals

Total revenue
$452,756
Total expenses
$540,648
Contributions and grants received
$452,756
Grants paid
$20,975
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$386,503
Total liabilities, end of year
$210,859
Net assets or fund balances, end of year
$175,644
Program services expenses (Part IX)
$344,699
Management and general expenses
$60,822
Fundraising expenses
$135,127
Program service expenses (Part III)
$344,699

Program services were 63.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • ALEXANDER SUEIRO

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • AUGUSTO SANABRIA

    CEO/PRESIDENT

    Total calculated
    $333,401
    From this org
    $0
    From related orgs
    $288,538
    Other
    $44,863
    Hours/week
    2.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $263,338 related
    Bonus
    $0 + $25,200 related
    Other
    $0
    Deferred
    $0 + $8,735 related
    Nontaxable benefits
    $0 + $36,128 related
    Filer's total
    $0 + $333,401 related

  • GEORGE BERMUDEZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LORI DUARTE-ROBERTS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LUZ AVILES

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LUIS E OTERO

    CFO

    Total calculated
    $212,380
    From this org
    $0
    From related orgs
    $182,353
    Other
    $30,027
    Hours/week
    2.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,353 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,411 related
    Nontaxable benefits
    $0 + $24,616 related
    Filer's total
    $0 + $212,380 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3 Arrangement used to establish the top management official's compensation
THE PRESIDENT/CEO'S SALARY AND PERFORMANCE REVIEW IS DONE BY THE EXECUTIVE COMMITTEE OF THE HISPANIC BUSINESS INITIATIVE FUND BOARD, A RELATED ENTITY, ON AN ANNUAL BASIS. AS PART OF THE REVIEW, AN INDEPENDENT COMPENSATION CONSULTANT WAS HIRED, WHICH RESEARCH INCLUDED LOCAL AND NATIONAL COMPENSATION PACKAGES AWARDED TO OTHER NON-PROFIT ORGANIZATIONS REPORTED ON SALARY SURVEYS AND FORM 990S.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202542189349301219

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