Form 990 for tax year 2022
Filed by PROSPERA COMMUNITY DEVELOPMENT.
Totals
- Total revenue
- $1,097,286
- Total expenses
- $1,011,628
- Contributions and grants received
- $1,081,534
- Grants paid
- $0
- Program service revenue
- $12,500
- Investment income
- $2,816
- Other revenue
- $436
- Total assets, end of year
- $2,434,808
- Total liabilities, end of year
- $78,549
- Net assets or fund balances, end of year
- $2,356,259
- Program services expenses (Part IX)
- $705,781
- Management and general expenses
- $179,110
- Fundraising expenses
- $126,737
- Program service expenses (Part III)
- $705,781
Program services were 69.8% 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)
$25,000
-
1f · All other contributions, gifts and grants
$1,056,534
-
2a · Program service revenue: Service fees
total $12,500 · related or exempt $12,500
-
3 · Investment income
total $2,816 · excluded $2,816
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7d · Net gain or loss
total $0
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11a · Other revenue: Rebates And Redemptions
total $436 · excluded $436
-
11e · Other revenue, total
$436
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
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 $133,518 · program services $92,426 · management and general $26,253 · fundraising $14,839
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $523,962 · program services $357,410 · management and general $81,834 · fundraising $84,718
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $49,020 · program services $34,027 · management and general $7,491 · fundraising $7,502
-
10 · Payroll taxes
total $51,236 · program services $34,646 · management and general $8,617 · fundraising $7,973
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $10,000 · management and general $10,000
-
11c · Fees: accounting
total $23,996 · management and general $23,996
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $143,075 · program services $135,005 · management and general $3,321 · fundraising $4,749
-
12 · Advertising and promotion
total $1,028 · program services $838 · management and general $104 · fundraising $86
-
13 · Office expenses
total $14,519 · program services $5,926 · management and general $6,449 · fundraising $2,144
-
14 · Information technology
total $30,862 · program services $21,900 · management and general $6,264 · fundraising $2,698
-
15 · Royalties
total $0
-
16 · Occupancy
total $3,605 · program services $2,871 · management and general $380 · fundraising $354
-
17 · Travel
total $17,314 · program services $14,991 · management and general $1,545 · fundraising $778
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $4,845 · program services $2,962 · management and general $1,208 · fundraising $675
-
24a · Other expenses: Dues and other charges
total $4,648 · program services $2,779 · management and general $1,648 · fundraising $221
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,885,456 · end of year $2,271,264
-
2 · Savings and temporary cash investments
beginning of year $34,375 · end of year $38,182
-
3 · Pledges and grants receivable
beginning of year $385,263 · end of year $114,791
-
4 · Accounts receivable
end of year $0
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
end of year $0
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $8,558 · end of year $10,571
-
10c · Land, buildings and equipment, net
end of year $0
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
end of year $0
-
14 · Intangible assets
end of year $0
-
15 · Other assets
end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $43,051 · end of year $78,549
-
27 · Net assets without donor restrictions
beginning of year $1,335,280 · end of year $1,905,056
-
28 · Net assets with donor restrictions
beginning of year $935,321 · end of year $451,203
Mission and programs · 2022
Mission
Prospera partners with Latina entrepreneurs to launch businesses that foster cooperation, economic independence and well-being in immigrant communities. Through our culturally-based programs, Latinas access the networks, tools and capital they need to become successful business owners and powerful community leaders.
-
- We offered three Explora courses in 2022, one in hybrid format (online/in person). 76 participants graduated in total.- We provided 35 workshops in Crece Comunidad, with the participation of 180 entrepreneurs. In total, there were more than 450 duplicated attendants in Crece workshops this year. 102 Crece participants received resources and communications through the Crece Comunidad Whatsapp group; 239 received resources via email.- We launched a new program, Acompaa, to provide our more advanced businesses with an in-depth needs assessment, individualized technical assistance, and regular check-ins with staff. We admitted two cohorts to the program, serving nine women and their respective businesses.- We provided 170 hours of 1:1 TA to 40 women.- Fellowship: Celia Alvarez finished her Fellowship term. Her cooperative, De Colores Cooperative Consulting, more than doubled their income during the Fellowship. Jenny Conejo y Martha Franco were admitted to the 2-year fellowship in 2022 and continued advancing their projects.- We contracted with 19 bilingual and bicultural consultants to support our Crece, Acompaa and Fellowship participants with workshops and individual TA.- Monitoring, Evaluation, Accountability and Learning (MEAL): We continued to build out a unified system for MEAL. Thanks to this work, in 2022 we registered, tracked, and evaluated all of our programs using FormAssembly and Salesforce.- During 2022 we held two major community events: "Poder femenino: Enamrate de ti." event with speaker Adriana Macias. Over 75 participants from the Bay Area attended the online event and it received media attention through Univision Contigo and LatinaBayArea.- Prosperas annual Summit of Latina Entrepreneur had 190 people registered and the involvement of 85 attendees.- The coordination and preparation of the podcast "Para Todas" resulted in the launch of four episodes in 2022, attracting a cumulative audience of 268 listeners.- Collaborating with the Visit.org team, workshops on Power and Privilege were organized, along with the presentation of the "Power of a Dream" documentary to various companies and their employees, leaving a positive impact on 100 individuals.
Expenses $705,781 · Revenue $12,500
As filed on the 2022 return.
Listed in Part VII
-
Claudia Arroyo
Executive Dir.
- Total calculated
- $114,143
- From this org
- $105,093
- From related orgs
- $0
- Other
- $9,050
- Hours/week
- 40
-
Ana Castao
President
- Total calculated
- $19,375
- From this org
- $19,375
- From related orgs
- $0
- Other
- $0
- Hours/week
- 0.75
-
Maricarmen Arjona
Secretary
- Total calculated
- $0
- Hours/week
- 0.75
-
Ximena A Orozco
Treasurer
- Total calculated
- $0
- Hours/week
- 0.75
-
Nancy Rosales
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Maria Rogers Pascual
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Guadalupe Perez
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Anais Amaya
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Anne Lufkin-Riao
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Itzel Diaz
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Idaima Robles
Board member
- Total calculated
- $0
- Hours/week
- 0.5
-
Rosalba Montoya
Board member
- Total calculated
- $0
- Hours/week
- 0.5
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.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 7 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343119349303224
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