Form 990 for tax year 2023
Filed by PROSPERA COMMUNITY DEVELOPMENT.
Totals
- Total revenue
- $2,909,017
- Total expenses
- $1,299,185
- Contributions and grants received
- $2,863,446
- Grants paid
- $0
- Program service revenue
- $1,600
- Investment income
- $43,971
- Other revenue
- $0
- Total assets, end of year
- $4,087,621
- Total liabilities, end of year
- $121,530
- Net assets or fund balances, end of year
- $3,966,091
- Program services expenses (Part IX)
- $883,519
- Management and general expenses
- $206,718
- Fundraising expenses
- $208,948
- Program service expenses (Part III)
- $883,519
Program services were 68.0% 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)
$45,798
-
1f · All other contributions, gifts and grants
$2,817,648
-
2a · Program service revenue: Service fees
total $1,600 · related or exempt $1,600
-
3 · Investment income
total $43,971 · excluded $43,971
-
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
-
11e · Other revenue, total
$0
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 $122,396 · program services $55,445 · management and general $33,659 · fundraising $33,292
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $742,736 · program services $528,497 · management and general $106,298 · fundraising $107,941
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $64,335 · program services $47,624 · management and general $8,386 · fundraising $8,325
-
10 · Payroll taxes
total $64,917 · program services $43,873 · management and general $10,477 · fundraising $10,567
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,900 · management and general $1,900
-
11c · Fees: accounting
total $26,136 · management and general $26,136
-
11d · Fees: lobbying
total $0
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $188,682 · program services $148,462 · management and general $1,666 · fundraising $38,554
-
12 · Advertising and promotion
total $104 · program services $61 · management and general $22 · fundraising $21
-
13 · Office expenses
total $20,820 · program services $12,243 · management and general $4,381 · fundraising $4,196
-
14 · Information technology
total $24,070 · program services $15,644 · management and general $6,367 · fundraising $2,059
-
15 · Royalties
total $0
-
16 · Occupancy
total $8,155 · program services $5,838 · management and general $1,151 · fundraising $1,166
-
17 · Travel
total $7,371 · program services $6,131 · management and general $713 · fundraising $527
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $13,872 · program services $9,788 · management and general $3,194 · fundraising $890
-
20 · Interest
total $0
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $10,272 · program services $7,940 · management and general $1,163 · fundraising $1,169
-
24a · Other expenses: Dues and other charges
total $3,419 · program services $1,973 · management and general $1,205 · fundraising $241
-
24e · All other expenses
total $0
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $2,271,264 · end of year $2,652,817
-
2 · Savings and temporary cash investments
beginning of year $38,182 · end of year $1,066,919
-
3 · Pledges and grants receivable
beginning of year $114,791 · end of year $308,000
-
4 · Accounts receivable
end of year $40,798
-
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 $10,571 · end of year $19,087
-
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 $78,549 · end of year $121,530
-
27 · Net assets without donor restrictions
beginning of year $1,905,056 · end of year $2,540,008
-
28 · Net assets with donor restrictions
beginning of year $451,203 · end of year $1,426,083
Mission and programs · 2023
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 two online Explora courses in 2023. 83 participants graduated in total. - We launched a new course called Lanza tu Cooperativa in March 2023. Lanza provides the tools and structure for Explora graduates to materialize their co-op idea and/or convert their regular business into a worker cooperative. A total of 14 entrepreneurs have graduated from this first course. - We launched a new course called Planea tu Negocio in May 2023, it was based on Prospera's own curriculum for business development with cooperative values. We offer individualized support to participants who are ready to complete and implement their business plan. We hosted two cohorts, one in the spring and one in the fall. A total of 62 entrepreneurs graduated.- We provided 91 workshops in Crece meetings and workshops, with the participation of 223 entrepreneurs. - During this year, we welcomed a new cohort of 3 business owners to the Acompaa program. We have supported 12 business owners through the Acompaa program during 2023 we welcomed two new fellows to our Vuela Program (previously called Fellowship), Stephanie Segovia, founder of Steph Brews Coffeea business that provides training in the coffee industryand Pilar Rengifo, founder of The Choclo, a company that offers gluten- and dairy-free Colombian baked goods. During the two years of the fellowship, the first year Fellows receive a stipend of $1,500 per month, and throughout the two years they also receive tailored technical support, assistance accessing capital, one-on-one and group coaching and leadership opportunities.- We provided 420 hours of 1:1 TA to more than 75 women.- We contracted with 20 bilingual and bicultural consultants to support our Crece, Acompaa and Vuela participants with workshops and individual TA.- Three of our participants received loans for their businesses, and eleven received grants, for a total of $120,000 in access to capital. - Kataly Foundation provided funding for Prospera to translate the financial education course Movement Finance Freedom School into Spanish. This course, originally developed by experts at Runway, Ujima, Kataly, and the Center for Economic Democracy, builds on participant experience to critically examine the financial system and learn its tools in order to gain access, advocate for their needs, and advance their projects. We facilitated the full, 15-hour course for our community and Katalys Spanish speaking grantees in the fall of 2023. - In March 2023, we celebrated Women's Day by organizing the "Story of Being a Woman" event, our first in-person gathering in Oakland since 2020. With 60 Latina entrepreneur attendees, the event provided a space to foster meaningful connections and inspire participants. - In October 2023, we held our Summit for Latina Entrepreneurs in person after three long years, with 96 attendees. The theme was Unlearn. Co-create. Raise Your Voice. As a special twist to our previous format, the panelists were the attendees themselves and brought powerful stories about their personal and entrepreneurship journeys to the conversation.- We launched 3 new episodes of our "Para Todas" podcast. This Spanish-first platform shares powerful stories of entrepreneurship, resilience, and migration, amplifying the voices of Latina immigrant communities through the practice of storytelling. The podcast fosters community, cooperation, and empowerment, addressing important themes such as power dynamics and the importance of storytelling. The podcast reached more than 750 listens.- We implemented 2 biannual surveys, in February and November, to gather data on business development and community wellbeing. We developed a metrics and grant management model for our first government grant COSBA.- In the pursuit to create organizational capacity, we Implemented Slack to improve internal communications. Piloting Dashlane to manage the organizations group and individual passwords, and Asana to manage projects. We continued to develop our Salesforce Programs Built to be deployed in 2024.
Expenses $883,519 · Revenue $1,600
As filed on the 2023 return.
Listed in Part VII
-
Claudia Arroyo
Executive Dir.
- Total calculated
- $122,396
- From this org
- $110,288
- From related orgs
- $0
- Other
- $12,108
- Hours/week
- 40
-
MariCarmen Arjona
Chair
- Total calculated
- $0
- Hours/week
- 0.75
-
Anais Amaya
Co-Chair
- Total calculated
- $0
- Hours/week
- 0.75
-
Guadalupe Perez
Secretary
- Total calculated
- $0
- Hours/week
- 0.75
-
Idaima Robles
Treasurer
- Total calculated
- $0
- Hours/week
- 0.75
-
Ximena A Orozco
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Maria Rogers Pascual
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Anne Lufkin-Riao
Board member
- Total calculated
- $0
- Hours/week
- 0.75
-
Itzel Diaz
Board member
- Total calculated
- $0
- Hours/week
- 0.75
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
- 2023
- Filed
- 14 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202433199349315978
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.