Prospera Initiatives Inc

“Maria e. Nicolau 44475 chamberlain ter., unit 305 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 ginger cooch 11700 wolf run lane clifton va 20124”

“Victor armengol, board member and co-fouder of the organization, is the husband of regla armengol, executive director and co-founder of prospera initiatives,”

“Final financial statements are distributed to the board; form 990 is sent to board members and discussed either at a formal board meeting or via conference call by phone. Vote for approval of final 990 is solicited after the review process.”

“Disclosures: governing documents, conflict of interest policy and financial statements are generally available upon written request.”

“All new engagements, contracts and sponsored activities of the organization are reviewed in accordance with better business practices and for consistency with company policies to avoid situations where inherent conflicts of interest may arise. If in doubt, the practice is to have cases reviwed by outside counsel.”

“The board of directors' independent members determine the compensation of the executive director. The process encompasses an objective review od the funding sources, funds available and comparative review of the propoposed salary to similar positions in similarly situated organizations. Independent board members vote on the proposed compensation and approval is recorded in the minutes of the board meeting, as customary procedure dictates.”

“STATEMENT OF REVENUE, LINE 7(a): ON 08/28/2014 PROSPERA INITIATIVES ENTERED INTO A SALES AGREEMENT WITH THE AMERICAN COUNCIL FOR THE TEACHING OF FOREIGN LANGUAGES (ACTFL), A 501(C)(3) NONPROFIT EDUCATIONAL ORGANIZATION, TO TRANSFER ALL OF PROSPERA'S TANGIBLE AND INTANGIBLE ASSETS ASSOCIATED WITH ITS PROPRIETARY "PROSPERA HISPANIC LEADERS PROGRAM" (PHLP) -- INCLUDING ALL INSTRUCTIONAL PROGRAM MATERIALS, TRADEMARKS, COPYRIGHTS, PRINTED,ELECTRONICAND VIDEO MATERIALS, ETC. THIS AGREEMENT WAS EXECUTED AFTER PROSPERA OFFICERS, IN CONJUCTION WITH THE BOARD OF DIRECTORS, DECIDED THAT ACTFL WAS THE BEST OF ALL ORGANIZATIONS CONSIDERED TO CARRY FORWARD THE MISSION OF SERVING AT-RISK LATINO YOUTH THROUGH THE IMPLEMENTATION OF THE PHLP PROGRAM THAT PROSPERA HAD PIONEERED. PROSPERA CONSULTED WITH RAFFA, PC (A RESPECTED AND REPUTABLE CPA FIRM SPECIALIZING IN NON-PROFITS) TO ARRIVE AT A FAIR MARKET VALUE OF THE PHLP PRODUCT AND RELATED ASSETS. SUBSEQUENT TO EXECUTION OF THIS SALES AGREEMENT, PROSPERA'S BOARD VOTED TO TERMINATE AND DISSOLVE PROSPERA INITIATIVES EFFECTIVE 12/31/14; THE BOARD ALSO VOTED TO DONATE ANY RESIDUAL CASH ASSETS TO "FOOD FOR OTHERS, INC" [A 501(C)(3)ORGANIZATION] AFTER ALL EXISTING OBLIGATIONS OF PROSPERA WERE PAID IN FULL.”

“Memberships 110. 0. 110. 0. Business registrations 46. 0. 46. 0.”