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PROSPERA NORTH CAROLINA LLC

EIN 82-1629344 CHARLOTTE, NC

Revenue 2024
$877,621
Expenses 2024
$1,215,109

Program services were 75.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
P11
Classification
1200
Street
4938 CENTRAL AVE 201

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

Mission

TO STRENGTHEN THE ECONOMY OF NORTH CAROLINA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO ENTREPRENEURS.

Activities or mission (Part I)

PROSPERA NC IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN NC SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO ENTREPRENEURS TRYING TO ESTABLISH OR EXPAND THEIR BUSINESS IN NORTH CAROLINA. PROSPERA'S QUALITY YEAR-ROUND PROFESSIONAL SERVICES INCLUDE EDUCATIONAL PROGRAMS, INDIVIDUAL CONSULTING AND TECHNICAL ASSISTANCE, ENTREPRENEURIAL GRANTS FOR SUBCONTRACTED SERVICES, AND LOAN FACILITATION.

  • ONE-ON-ONE CONSULTING: PROSPERA'S 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 ASSISTED 399 BUSINESS OWNERS ACROSS THE STATE OF NORTH CAROLINA.

    Expenses $432,700

  • EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. PROSPERA WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA HAD OVER 660 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.

    Expenses $246,475

  • ENTREPRENEURIAL GRANTS: PROSPERA'S GRANTS ALLOW STARTUPS AND EXISTING BUSINESSES TO RECEIVE ADVANCED BUSINESS DEVELOPMENT SERVICES AT NO OR MINIMAL COST, COMPLETED BY SUBCONTRACTED PROVIDERS PAID BY PROSPERA. THE GRANTS OFFERED BY PROSPERA INCLUDE: LEGAL STRUCTURE ASSESSMENT, ACCOUNTING ASSESSMENT, BUSINESS PLAN DEVELOPMENT, MARKETING PLAN, CORPORATE BRANDING, WEB PAGE CREATION, QUICKBOOKS TRAINING, AND LOAN APPLICATION PREPARATION. PROSPERA AWARDED ENTREPRENEURIAL GRANTS TO 26 BUSINESSES.

    Expenses $236,801 · Grants $24,750

As filed on the 2024 return.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • 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

  • JOSE D ALVAREZ

    VICE PRESIDENT

    Total calculated
    $135,295
    From this org
    $126,106
    From related orgs
    $0
    Other
    $9,189
    Hours/week
    40

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. Earlier years are each on their own filing page.

Filings

  • 2024
    Revenue
    $877,621
    Expenses
    $1,215,109
    Contributions
    $855,689
    Grants paid
    $24,750
  • 2023
    Revenue
    $1,682,287
    Expenses
    $1,079,019
    Contributions
    $1,668,120
    Grants paid
    $19,125
  • 2022
    Revenue
    $1,519,000
    Expenses
    $860,020
    Contributions
    $1,506,691
    Grants paid
    $12,125

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $488,135
    Expenses
    $569,992
    Assets (EOY)
    $750,207

  • 2020 · 990

    Revenue
    $890,525
    Expenses
    $389,474
    Assets (EOY)
    $739,902

  • 2019 · 990

    Revenue
    $311,741
    Expenses
    $208,884
    Assets (EOY)
    $627,535

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2024 return

Declared as related by

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility SO.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 23 October 2026, for every organization at once. Returns through tax year 2024, the newest we have parsed for this organization.