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Nonprofiteer
← PROSPERA GEORGIA LLC

Form 990 for tax year 2024

Filed by PROSPERA GEORGIA LLC.

Totals

Total revenue
$549,574
Total expenses
$560,330
Contributions and grants received
$549,574
Grants paid
$25,300
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$376,722
Total liabilities, end of year
$211,834
Net assets or fund balances, end of year
$164,888
Program services expenses (Part IX)
$367,391
Management and general expenses
$55,072
Fundraising expenses
$137,867
Program service expenses (Part III)
$367,391

Program services were 65.6% 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

  • GEORGE BERMUDEZ

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • SHARON ARROYO

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • AUGUSTO SANABRIA

    CEO/PRESIDENT

    Total calculated
    $370,461
    From this org
    $0
    From related orgs
    $317,632
    Other
    $52,829
    Hours/week
    2.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $289,912 related
    Bonus
    $0 + $27,720 related
    Other
    $0
    Deferred
    $0 + $14,037 related
    Nontaxable benefits
    $0 + $38,792 related
    Filer's total
    $0 + $370,461 related

  • LUIS E OTERO

    CFO

    Total calculated
    $213,961
    From this org
    $0
    From related orgs
    $187,530
    Other
    $26,431
    Hours/week
    2.5 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,530 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $26,431 related
    Filer's total
    $0 + $213,961 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 CEO/PRESIDENT'S SALARY AND PERFORMANCE REVIEW IS DONE BY THE CHAIR OF THE BOARD OF DIRECTORS AND THE COMPENSATION COMMITTEE OF THE PROSPERA INITIATIVES, INC. 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
2024
Filed
16 July 2026
IRS schema version
2024v5.1
Source object
202631979349301043

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