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Nonprofiteer
← PROSPERA INITIATIVES INC

Form 990 for tax year 2023

Filed by PROSPERA INITIATIVES INC.

Totals

Total revenue
$4,013,533
Total expenses
$4,098,095
Contributions and grants received
$3,926,777
Grants paid
$195,150
Program service revenue
$0
Investment income
$153,863
Other revenue
-$67,107
Total assets, end of year
$5,678,116
Total liabilities, end of year
$993,841
Net assets or fund balances, end of year
$4,684,275
Program services expenses (Part IX)
$3,193,018
Management and general expenses
$312,251
Fundraising expenses
$592,826
Program service expenses (Part III)
$3,193,018

Program services were 77.9% 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

  • BORIS AYALA

    PAST CHAIR

    Total calculated
    $0
    Hours/week
    1

  • GEORGE BERMUDEZ

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LORI DUARTE-ROBERTS

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • LUZ AVILES

    CHAIR

    Total calculated
    $0
    Hours/week
    1 + 3 related

  • ALEX DOMINGUEZ

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • CARLOS BRACKLEY

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • CARLOS F ESCOBAR

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • CAROLINA Y BLANCO

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • ELISHA GONZALEZ

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • KATE WILSON

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • LUIS ROSERO

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • MERCEDES ANGELL

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • MIKE HERNANDEZ

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • RUBEN PEREZ

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • SHARON ARROYO

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • SHERRY AMBROSE

    DIRECTOR-AT-LARGE

    Total calculated
    $0
    Hours/week
    1

  • AUGUSTO SANABRIA

    CEO/PRESIDENT

    Total calculated
    $333,401
    From this org
    $288,538
    From related orgs
    $0
    Other
    $44,863
    Hours/week
    40 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $263,338
    Bonus
    $25,200
    Other
    $0
    Deferred
    $8,735
    Nontaxable benefits
    $36,128
    Filer's total
    $333,401

  • LUIS E OTERO

    CFO

    Total calculated
    $212,380
    From this org
    $182,353
    From related orgs
    $0
    Other
    $30,027
    Hours/week
    40 + 7.5 related

    Schedule J breakdown matched by us

    Base
    $182,353
    Bonus
    $0
    Other
    $0
    Deferred
    $5,411
    Nontaxable benefits
    $24,616
    Filer's total
    $212,380

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

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

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.

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
2023
Filed
6 August 2025
IRS schema version
2023v6.0
Source object
202522189349301702

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