Civic Intelligence

Prospera Initiatives Inc

990 • Fiscal year 2012 • EIN 20-4159145

Jan 01, 2012 to Dec 31, 2012 • Filed on May 01, 2013

Organization ProfileWWW.PROSPERALEADS.ORG
3713 King Arthur Road22003-1320
Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

77th percentile

0.13x

Higher debt load relative to assets than 77% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

12th percentile

-40%

Faster asset growth than 12% of similar nonprofits.

2012 filings • 501(c)3 • <$500k nonprofits • Annualized from 2011 to 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets77th percentile

Assets

Down

$16,512

Down $10,873 (-40%) from 2011

Net Assets

Up

$14,350

Up $3,572 (+33%) from 2011

Liabilities

Down

$2,162

Down $14,445 (-87%) from 2011

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

Up

$113,112

Up $15,578 (+16%) from 2011

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$30K$20K$10K$0Assets 2010: $24,909Liabilities 2010: $16,516Net Assets 2010: $8,3932010Assets 2011: $27,385Liabilities 2011: $16,607Net Assets 2011: $10,7782011Assets 2012: $16,512Liabilities 2012: $2,162Net Assets 2012: $14,3502012Assets 2013: $18,213Liabilities 2013: $9,940Net Assets 2013: $8,2732013Assets 2014: $0Liabilities 2014: $0Net Assets 2014: $02014

Highlighted filing

2012

Assets$16,512
Liabilities$2,162
Net Assets$14,350
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$150K$100K$50K$0-$50KExpenses 2010: $59,2702010Expenses 2011: $97,5342011Expenses 2012: $113,1122012Revenue 2013: $71,927Expenses 2013: $78,004Net Income 2013: -$6,0772013Revenue 2014: $43,843Expenses 2014: $52,116Net Income 2014: -$8,2732014

Highlighted filing

2012

Revenue-
Expenses$113,112
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
May 1, 2013
Return Version
2012v2.0
Gross Receipts
$116,684
Mission and Program Overview

Mission

Prospera Initiative's Mission:

Major Activities

Activity 2
Program implementation guide project: (us. Department of education grant under the fund for the improvement of education program). This project will enable prospera initiatives to improve its current program implementation guide and expand the organization's capacity to deliver services to underserved youth and families in the region and across the nation. This valuable resource will provide the impetus to replicate our program throughout the country. Established a new hllc at groveton elementar
Filing and Contact Details

Filer

EIN
20-4159145
Raw XML AppendixShowing 400 of 420 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Activity2/Description0PROGRAM IMPLEMENTATION GUIDE PROJECT: (US. DEPARTMENT OF EDUCATION GRANT UNDER THE FUND FOR THE IMPROVEMENT OF EDUCATION PROGRAM). THIS PROJECT WILL ENABLE PROSPERA INITIATIVES TO IMPROVE ITS CURRENT PROGRAM IMPLEMENTATION GUIDE AND EXPAND THE ORGANIZATION'S CAPACITY TO DELIVER SERVICES TO UNDERSERVED YOUTH AND FAMILIES IN THE REGION AND ACROSS THE NATION. THIS VALUABLE RESOURCE WILL PROVIDE THE IMPETUS TO REPLICATE OUR PROGRAM THROUGHOUT THE COUNTRY. ESTABLISHED A NEW HLLC AT GROVETON ELEMENTAR
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IRS990/ActivityOrMissionDescription0Prospera Initiative's Mission: Our mission is to support the high educational aspirations of Latino children,youth and their families by providing initial and ongoing program support and technical assistance to schools and community organizations that serve the Latino population with after school programs based on our model, the HERITAGE LANGUAGE LITERACY CLUB(HLLC).
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IRS990/Description0HERITAGE LANGUAGE LITERACY CLUB (HLLC) PROGRAM SUPPORT & DEVELOPMENT: PROVIDED STAFF TRAINING AND PROGRAM SUPPORT OF THE HERITAGE LANGUAGE LITERACY CLUB (HLLC)AT BRADDOCK ELEMENTARY SCHOOL IN ANNANDALE, VA(FAIRFAX COUNTY PUBLIC SCHOOLS). 275 PARTICIPANTS(STUDENTS, TEACHERS AND PARENTS) BENEFITED FROM THIS PROGRAM SITE. PROSPERA ALSO CONTINUED AND EXPANDED STAFF TRAINING / TECHNICAL ASSISTANCE TO THE HLLC AT LAKE ANNE ELEMENTARY SCHOOL IN RESTON, VA. 275 PEOPLE (STUDENTS, TEACHERS AND PARENTS) BENEFITED FROM THIS PROGRAM. PROVIDED STAFF TRAINING AND TECHNICAL ASSISTANCE TO HERITAGE LANGUAGE LITERACY CLUB (HLLC) AT BAILEYS ELEMENTARY SCHOOL IN FAIRFAX COUNTY, VA. 500 PARTICIPANTS (STUDENTS, TEACHERS AND PARENTS)BENEFITED FROM THIS PROGRAM SITE.
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IRS990/OtherExpenses/Description2PRINTING & COPYING
IRS990/OtherExpenses/Description3MEALS & ENTERTAINMENT
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IRS990ScheduleA/FactsAndCircumstancesTest0OTHER INCOME PART II, LINE 10; DESCRIPTION: SCHOOL DISTRICTS - AFTER SCHOOL PROGRAM IMPLEMENTATION CONTRACTS; 2009: 5000.; 2010: 8150.; 2011: 16000.; 2012: 15460.;
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IRS990ScheduleO/GeneralExplanation/Explanation0VICTOR ARMENGOL,BOARD MEMBER AND CO-FOUNDER OF THE
IRS990ScheduleO/GeneralExplanation/Explanation1ORGANIZATION, IS THE HUSBAND OF REGLA ARMENGOL, EXECUTIVE DIRECTOR
IRS990ScheduleO/GeneralExplanation/Explanation2AND CO-FOUNDER OF PROSPERA INITIATIVES.
IRS990ScheduleO/GeneralExplanation/Explanation3FINAL FINANCIAL STATEMENTS ARE DISTRIBUTED TO THE BOARD;
IRS990ScheduleO/GeneralExplanation/Explanation4FORM 990 IS SENT TO BOARD MEMBERS AND DISCUSSED EITHER AT
IRS990ScheduleO/GeneralExplanation/Explanation5A FORMAL BOARD MEETING OR VIA CONFERENCE CALL BY PHONE.
IRS990ScheduleO/GeneralExplanation/Explanation6VOTE FOR APPROVAL OF FINAL 990 IS SOLICITED AFTER THE REVIEW PROCESS.
IRS990ScheduleO/GeneralExplanation/Explanation7DISCLOSURES: GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY
IRS990ScheduleO/GeneralExplanation/Explanation8AND FINANCIAL STATEMENTS ARE GENERALLY AVAILABLE UPON WRITTEN REQUEST.
IRS990ScheduleO/GeneralExplanation/Explanation9ALL NEW ENGAGEMENTS, CONTRACTS AND SPONSORED ACTIVITIES OF
IRS990ScheduleO/GeneralExplanation/Explanation10THE ORGANIZATION ARE REVIEWED IN ACCORDANCE WITH BETTER
IRS990ScheduleO/GeneralExplanation/Explanation11BUSINESS PRACTICES AND CONSISTENCY WITH COMPANY POLICY
IRS990ScheduleO/GeneralExplanation/Explanation12TO AVOID SITUATIONS WHERE INHERENT CONFLICTS OF INTEREST MAY ARISE.
IRS990ScheduleO/GeneralExplanation/Explanation13IF IN DOUBT, THE PRACTICE IS TO HAVE CASES REVIEWED BY OUTSIDE
IRS990ScheduleO/GeneralExplanation/Explanation14COUNSEL.
IRS990ScheduleO/GeneralExplanation/Explanation15THE BOARD OF DIRECTORS' INDEPENDENT MEMBERS DETERMINE THE
IRS990ScheduleO/GeneralExplanation/Explanation16COMPENSATION OF THE EXECUTIVE DIRECTOR. THE PROCESS ENCOMPASSES
IRS990ScheduleO/GeneralExplanation/Explanation17AN OBJECTIVE REVIEW OF THE FUNDING SOURCES, FUNDS AVAILABLE AND
IRS990ScheduleO/GeneralExplanation/Explanation18COMPARATIVE REVIEW OF THE PROPOSED SALARY TO SIMILAR POSITIONS IN
IRS990ScheduleO/GeneralExplanation/Explanation19SIMILARLY SITUATED ORGANIZATIONS. INDEPENDENT BOARD MEMBERS VOTE
IRS990ScheduleO/GeneralExplanation/Explanation20ON THE PROPOSED COMPENSATION AND APPROVAL IS RECORDED IN THE
IRS990ScheduleO/GeneralExplanation/Explanation21MINUTES OF THE BOARD MEETING, AS CUSTOMARY PROCEDURE DICTATES.
IRS990ScheduleO/GeneralExplanation/Explanation22MARIA E. NICOLAU 20545 FLATTOP COURT ASHBURN VA 20147 DARCY JENNINGS 3704 MERLIN WAY ANNANDALE VA 22003 LISA HARTER 4538 SHOAL CREEK CT. ALEXANDRIA VA 22312 LIANA MONTECINOS 3100 S. MANCHESTER ST. #114 FALLS CHURCH VA 22044 STEPHANIE FILLMAN 4184 LOWER PARK DRIVE FAIRFAX VA 22030 ANTHONY E. COOCH 11700 WOLF RUN LANE CLIFTON VA 20124
IRS990ScheduleO/GeneralExplanation/Explanation23MEMBERSHIPS 190. 0. 190. 0. BUSINESS REGISTRATIONS 25. 0. 25. 0.
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IRS990ScheduleO/GeneralExplanation/Identifier3Pt VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier4Pt VI, Line 15a
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IRS990ScheduleO/GeneralExplanation/Identifier6Form 990, Part IX, Line 24f
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IRS990/TotalReportableCompFromOrg039627
IRS990/TotalRevenueCurrentYear0116684
IRS990/TotalRevenuePriorYear099919
IRS990/TotalRevenue/RelatedOrExemptFunctionIncome015465
IRS990/TotalRevenue/TotalRevenueColumn0116684
IRS990/TransactionRelatedEntity0false
IRS990/Travel/Fundraising00
IRS990/Travel/ManagementAndGeneral070
IRS990/Travel/ProgramServices02777
IRS990/Travel/Total02847
IRS990/TypeOfOrganizationCorporation0X
IRS990/UnrelatedBusinessIncome0false
IRS990/UnrestrictedNetAssets/BOY010778
IRS990/UnrestrictedNetAssets/EOY014350
IRS990/UponRequest0X
IRS990/WebSite0WWW.PROSPERALEADS.ORG

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$16,512
Liabilities
$2,162
Net assets
$14,350
Revenue
-
Expenses
$113,112
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2014Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.44$0.52$0.08
2013Detailed filing. Detailed filing data is available for this year.$0.18$0.10$0.08$0.72$0.78$0.06
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.17$0.02$0.14$1.13
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.27$0.17$0.11$0.98
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.25$0.17$0.08$0.59