Totals
- Total revenue
- $578,444
- Total expenses
- $369,832
- Contributions and grants received
- $578,444
- Grants paid
- $1,625
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $288,138
- Total liabilities, end of year
- $24,602
- Net assets or fund balances, end of year
- $263,536
- Program services expenses (Part IX)
- $268,140
- Management and general expenses
- $18,874
- Fundraising expenses
- $82,818
- Program service expenses (Part III)
- $268,140
Program services were 72.5% 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.
-
1e · Government grants (contributions)
$46,725
-
1f · All other contributions, gifts and grants
$531,719
-
3 · Investment income
total $0
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6c · Rental income or loss
real property $0 · personal property $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8a · Fundraising events: gross income
$0
-
8b · Fundraising events: direct expenses
$0
-
8c · Net income from fundraising events
total $0
-
9a · Gaming: gross income
$0
-
9b · Gaming: direct expenses
$0
-
9c · Net income from gaming
total $0
-
10a · Gross sales of inventory
$0
-
10b · Cost of goods sold
$0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,625 · program services $1,625
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $34,700 · program services $17,300 · management and general $2,800 · fundraising $14,600
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $151,700 · program services $141,645 · management and general $5,207 · fundraising $4,848
-
8 · Pension plan contributions
total $346 · program services $346
-
9 · Other employee benefits
total $35,943 · program services $30,643 · management and general $1,800 · fundraising $3,500
-
10 · Payroll taxes
total $13,632 · program services $11,832 · management and general $600 · fundraising $1,200
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $0
-
11c · Fees: accounting
total $9,569 · program services $7,009 · management and general $1,960 · fundraising $600
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $12,000 · fundraising $12,000
-
12 · Advertising and promotion
total $6,150 · program services $2,684 · management and general $298 · fundraising $3,168
-
13 · Office expenses
total $44,890 · program services $3,236 · management and general $3,134 · fundraising $38,520
-
14 · Information technology
total $13,800 · program services $10,500 · management and general $1,200 · fundraising $2,100
-
15 · Royalties
total $0
-
16 · Occupancy
total $19,421 · program services $19,421
-
17 · Travel
total $19,775 · program services $17,777 · management and general $656 · fundraising $1,342
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $2,617 · program services $1,777 · fundraising $840
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $1,465 · program services $1,465
-
23 · Insurance
total $800 · program services $700 · fundraising $100
-
24a · Other expenses: MISCELLANEOUS EXPENSES
total $1,219 · management and general $1,219
-
24b · Other expenses: EVENT SUPPLIES
total $180 · program services $180
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $175,750 · end of year $268,459
-
2 · Savings and temporary cash investments
beginning of year $0 · end of year $0
-
3 · Pledges and grants receivable
beginning of year $0 · end of year $0
-
4 · Accounts receivable
beginning of year $56,863 · end of year $0
-
5 · Loans and receivables from officers and key people
beginning of year $0 · end of year $0
-
6 · Loans and receivables from disqualified persons
beginning of year $0 · end of year $0
-
7 · Other notes and loans receivable
beginning of year $0 · end of year $0
-
8 · Inventories for sale or use
beginning of year $0 · end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $2,000 · end of year $2,750
-
10a · Land, buildings and equipment: cost or other basis
$7,118
-
10b · Land, buildings and equipment: accumulated depreciation
$2,460
-
10c · Land, buildings and equipment, net
beginning of year $1,801 · end of year $4,658
-
11 · Investments: publicly traded securities
beginning of year $0 · end of year $0
-
12 · Investments: other securities
beginning of year $0 · end of year $0
-
13 · Investments: program-related
beginning of year $0 · end of year $0
-
14 · Intangible assets
beginning of year $0 · end of year $0
-
15 · Other assets
beginning of year $0 · end of year $12,271
-
17 · Accounts payable and accrued expenses
beginning of year $7,449 · end of year $10,187
-
18 · Grants payable
beginning of year $0 · end of year $0
-
19 · Deferred revenue
beginning of year $0 · end of year $0
-
20 · Tax-exempt bond liabilities
beginning of year $0 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $0 · end of year $0
-
22 · Loans and payables to officers and key people
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $0 · end of year $0
-
24 · Unsecured notes and loans payable
beginning of year $0 · end of year $0
-
25 · Other liabilities
beginning of year $174,041 · end of year $14,415
-
27 · Net assets without donor restrictions
beginning of year $19,507 · end of year $67,008
-
28 · Net assets with donor restrictions
beginning of year $35,417 · end of year $196,528
Mission and programs · 2022
Mission
TO STRENGTHEN THE ECONOMY OF GEORGIA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.
Activities or mission (Part I)
PROSPERA GA IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN GA SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO HISPANIC ENTREPRENEURS TRYING (CONTINUED ON SCHEDULE O)
-
ONE-ON-ONE CONSULTING: PROSPERA GEORGIA LLC STAFF MEET WITH BUSINESS OWNERS TO ASSESS THE VIABILITY OF THE BUSINESS IDEA AND THE JOB CREATION POTENTIAL OF THE BUSINESS VENTURE. IN-HOUSE STAFF ADVISE CLIENTS AS TO THE GENERAL BUSINESS PRACTICES, FINANCIALS, LICENSES/PERMITS, AND ACCESS TO CAPITAL, AMONG OTHERS. IN-HOUSE CONSULTING IS PROVIDED BILINGUAL AND FREE OF CHARGE TO THE BUSINESS OWNER. PROSPERA GEORGIA LLC ASSISTED 203 BUSINESS OWNERS ACROSS THE STATE OF GEORGIA.
Expenses $134,522
-
EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA GEORGIA LLC HAD OVER 201 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.
Expenses $133,618
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
AUGUSTO SANABRIA
PRESIDENT/CEO
- Total calculated
- $304,337
- From this org
- $0
- From related orgs
- $265,596
- Other
- $38,741
- Hours/week
- 1 + 42 related
Schedule J breakdown matched by us
- Base
- $0 + $265,596 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $10,712 related
- Nontaxable benefits
- $0 + $28,029 related
- Filer's total
- $0 + $304,337 related
-
LUIS E OTERO
CFO
- Total calculated
- $200,368
- From this org
- $0
- From related orgs
- $164,900
- Other
- $35,468
- Hours/week
- 1 + 41 related
Schedule J breakdown matched by us
- Base
- $0 + $164,900 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0 + $16,371 related
- Nontaxable benefits
- $0 + $19,097 related
- Filer's total
- $0 + $200,368 related
-
LUZ AVILES
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
GEORGE BERMUDEZ
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
LORI DUARTE-ROBERTS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1 + 4 related
-
ALEXANDER SUEIRO
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 4 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:
- 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.
-
HISPANIC BUS INITIATIVE FUND INC
501(C)(3) · ECON DEV · FL
Directly controlled by NA
-
HISPANIC BUS INITIATIVE FUND NATIONWIDE
501(C)(3) · ECON DEV · FL
Directly controlled by HBIF
-
501(C)(3) · ECON DEV · NC
Directly controlled by HBIF
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 8 August 2024
- IRS schema version
- 2022v5.0
- Source object
- 202412259349301931
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