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Nonprofiteer
← PROSPERITY LAB

Form 990 for tax year 2024

Filed by PROSPERITY LAB.

Totals

Total revenue
$753,622
Total expenses
$592,270
Contributions and grants received
$753,622
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$161,352
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$161,352
Program services expenses (Part IX)
$339,307
Management and general expenses
$217,950
Fundraising expenses
$35,013
Program service expenses (Part III)
$339,307

Program services were 57.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    -$1,788

  • 1d · Related organizations

    -$1,000

  • 1e · Government grants (contributions)

    $459,964

  • 1f · All other contributions, gifts and grants

    $296,446

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $89,438 · program services $0 · management and general $89,438 · fundraising $0

  • 7 · Other salaries and wages

    total $92,089 · program services $50,319 · management and general $25,961 · fundraising $15,809

  • 10 · Payroll taxes

    total $7,045 · program services $3,850 · management and general $1,986 · fundraising $1,209

  • 11a · Fees: management

    total $268,424 · program services $268,424 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $170 · program services $0 · management and general $170 · fundraising $0

  • 11c · Fees: accounting

    total $6,447 · program services $0 · management and general $6,447 · fundraising $0

  • 12 · Advertising and promotion

    total $11,914 · program services $3,059 · management and general $7,648 · fundraising $1,207

  • 13 · Office expenses

    total $25,996 · program services $240 · management and general $25,756 · fundraising $0

  • 14 · Information technology

    total $15,469 · program services $1,320 · management and general $14,149 · fundraising $0

  • 16 · Occupancy

    total $35,488 · program services $0 · management and general $35,488 · fundraising $0

  • 17 · Travel

    total $12,619 · program services $7,565 · management and general $0 · fundraising $5,054

  • 19 · Conferences, conventions and meetings

    total $16,764 · program services $3,420 · management and general $1,610 · fundraising $11,734

  • 22 · Depreciation, depletion and amortization

    total $4,337 · program services $0 · management and general $4,337 · fundraising $0

  • 23 · Insurance

    total $4,960 · program services $0 · management and general $4,960 · fundraising $0

  • 24a · Other expenses: PROGRAM EXPENSES

    total $750 · program services $750 · management and general $0 · fundraising $0

  • 24b · Other expenses: BANK FEES

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 24e · All other expenses

    total $360 · program services $360 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $161,352

  • 27 · Net assets without donor restrictions

    end of year $161,352

Mission and programs · 2024

Mission

PROSPERITY LAB SERVES MICRO-ENTERPRISES, SMALL BUSINESSES, ORGANIC BUSINESS, STUDENTS, LOW INCOME RESIDENTS, AND GUIDANCE ON ENTERPRENEURSHIP IN SANTA CLARA & SAN MATEO COUNTY

  • Provided small mini grants to cohort programs participants raging between $500 to $1000 to be utilized towards their business programs

    Expenses $500

  • Provided human resources business skills training, mentoring and shared resources to remedy HR compliance issues to over 500 unique business. Served food service industry businesses in HR Training, provided operation certification trainings and mentoring to avoid labor violations and unique food service businesses in Santa Clara County

    Expenses $31,195

  • Our Digigal Equity Lab provided digital tools training to help develop a web presence to over 122 women-owned businesses in Californias central valley and developed and launched 41 new websites. We provided resources and information on digitizing your business to ver 352 businesses.

    Expenses $307,612

As filed on the 2024 return.

Listed in Part VII

  • Miriam M Hernandez

    PRESIDENT

    Total calculated
    $89,438
    From this org
    $89,438
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • Connie Alvarez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1
  • Reyna Fernandez

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Jorge G Carrasco

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Maria Fidelina Sole

    SECRETARY

    Total calculated
    $0
    Hours/week
    1
  • Claudia Lopez

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.25
  • Antonio Aguilar Jr

    MEMBER AT LARGE

    Total calculated
    $0
    Hours/week
    0.25

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.

Schedule J

Itemized on Schedule J with no Part VII listing of the same name on this return:

  • Mujer Extraordinaria Enterprise

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $89,438
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $89,438
  • Human Leap

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $31,195
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $31,195
  • Armando Ricardez

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $68,310
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $68,310
  • Carlos Reza

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $6,055
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $6,055
  • Crowder Consulting And Solutions

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $16,145
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $16,145
  • Diego Calderon Guerra

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $6,043
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $6,043
  • Jon Flores Hernandez

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $37,727
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $37,727
  • United Endeavors

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $23,007
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $23,007
  • Anna Moore

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $600
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $600
  • Erik Suarez Fabre

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $7,463
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $7,463
  • Jared Garcia

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $2,040
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,040
  • Mee

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $36,074
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $36,074
  • Momentous Events LLC

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $33,766
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $33,766
  • Martha Hernandez

    Schedule J breakdown

    Base
    $0
    Bonus
    $0
    Other
    $2,265
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $2,265
  • Loren Cruz Sandoval

    Schedule J breakdown

    Base
    $15,809
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $15,809
  • Alicia Hernandez

    Schedule J breakdown

    Base
    $50,319
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $50,319
  • Brianna Ricardez

    Schedule J breakdown

    Base
    $25,961
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $25,961

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 May 2025
IRS schema version
2024v5.2
Source object
202542029349301664

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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