Civic Intelligence

Prospera Community Development DBA Prospera

990 • Fiscal year 2023 • EIN 77-0373186

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

Organization Profilewww.prosperacoops.org
3686 38th AvenueOakland, CA 94619

(510) 695-2270

Siviq Scores

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

Liabilities / Assets

41st percentile

0.03x

Higher debt load relative to assets than 41% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

39th percentile

0.04x

Higher debt load relative to revenue than 39% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

92nd percentile

55%

Higher net margin than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

76th percentile

$122,396

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 4.2% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

92nd percentile

68%

Faster asset growth than 92% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

94th percentile

165%

Faster revenue growth than 94% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets41st percentile

Assets

Up

$4,087,621

Up $1,652,813 (+68%) from 2022

Net Assets

Up

$3,966,091

Up $1,609,832 (+68%) from 2022

Liabilities

Up

$121,530

Up $42,981 (+55%) from 2022

Revenue And Expenses
Liabilities / Revenue39th percentileNet Margin92nd percentile

Revenue

Up

$2,909,017

Up $1,811,731 (+165%) from 2022

Expenses

Up

$1,299,185

Up $287,557 (+28%) from 2022

Net Income

Up

$1,609,832

Up $1,524,174 (+1779%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

$6.0M$4.0M$2.0M$0Assets 2011: $688,186Liabilities 2011: $30,649Net Assets 2011: $657,5372011Assets 2012: $766,910Liabilities 2012: $50,808Net Assets 2012: $716,1022012Assets 2013: $641,958Liabilities 2013: $52,406Net Assets 2013: $589,5522013Assets 2014: $426,053Liabilities 2014: $20,491Net Assets 2014: $405,5622014Assets 2015: $450,830Liabilities 2015: $19,967Net Assets 2015: $430,8632015Assets 2016: $710,641Liabilities 2016: $22,022Net Assets 2016: $688,6192016Assets 2017: $540,594Liabilities 2017: $14,862Net Assets 2017: $525,7322017Assets 2018: $350,946Liabilities 2018: $28,855Net Assets 2018: $322,0912018Assets 2019: $669,796Liabilities 2019: $13,595Net Assets 2019: $656,2012019Assets 2020: $1,126,754Liabilities 2020: $101,324Net Assets 2020: $1,025,4302020Assets 2021: $2,313,652Liabilities 2021: $43,051Net Assets 2021: $2,270,6012021Assets 2022: $2,434,808Liabilities 2022: $78,549Net Assets 2022: $2,356,2592022Assets 2023: $4,087,621Liabilities 2023: $121,530Net Assets 2023: $3,966,0912023Assets 2024: $3,806,879Liabilities 2024: $165,496Net Assets 2024: $3,641,3832024

Highlighted filing

2023

Assets$4,087,621
Liabilities$121,530
Net Assets$3,966,091
Open 2023 Filing

Operations Trend

Revenue Growth94th percentile

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2011: $662,787Expenses 2011: $874,407Net Income 2011: -$211,6202011Revenue 2012: $859,513Expenses 2012: $801,639Net Income 2012: $57,8742012Revenue 2013: $879,629Expenses 2013: $1,040,550Net Income 2013: -$160,9212013Revenue 2014: $738,990Expenses 2014: $922,980Net Income 2014: -$183,9902014Revenue 2015: $610,838Expenses 2015: $585,537Net Income 2015: $25,3012015Revenue 2016: $870,802Expenses 2016: $613,046Net Income 2016: $257,7562016Revenue 2017: $414,618Expenses 2017: $577,505Net Income 2017: -$162,8872017Revenue 2018: $294,100Expenses 2018: $497,741Net Income 2018: -$203,6412018Revenue 2019: $826,191Expenses 2019: $492,081Net Income 2019: $334,1102019Revenue 2020: $1,085,053Expenses 2020: $715,856Net Income 2020: $369,1972020Revenue 2021: $1,907,062Expenses 2021: $661,891Net Income 2021: $1,245,1712021Revenue 2022: $1,097,286Expenses 2022: $1,011,628Net Income 2022: $85,6582022Revenue 2023: $2,909,017Expenses 2023: $1,299,185Net Income 2023: $1,609,8322023Revenue 2024: $1,458,498Expenses 2024: $1,783,206Net Income 2024: -$324,7082024

Highlighted filing

2023

Revenue$2,909,017
Expenses$1,299,185
Net Income$1,609,832
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$2,909,017
Mission and Program Overview

Mission

Prosperas cooperative development program provides intensive training, coaching, and technical assistance to low-income Latinas to cultivate leadership, grow successful cooperatives, and transform communities.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,271,264$2,652,817▲ $381,553
Savings and Temporary Cash Investments$38,182$1,066,919▲ $1,028,737
Pledges and Grants Receivable$114,791$308,000▲ $193,209
Accounts Receivable-$40,798-
Prepaid Expenses and Deferred Charges$10,571$19,087▲ $8,516
Other Notes and Loans Receivable, Net-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Total Assets$2,434,808$4,087,621▲ $1,652,813
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$78,549$121,530▲ $42,981
Total Liabilities$78,549$121,530▲ $42,981
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,905,056$2,540,008▲ $634,952
Net Assets With Donor Restrictions$451,203$1,426,083▲ $974,880
Total Net Assets Fund Balance$2,356,259$3,966,091▲ $1,609,832
Total Liabilities and Net Assets / Fund Balance$2,434,808$4,087,621▲ $1,652,813
Compensation and Service Providers
Top Officer Pay76th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Claudia ArroyoExecutive DirectorFT$110,288$12,108$122,396

Board Members and Trustees

NameTitle
MariCarmen ArjonaChair
Anais AmayaCo-Chair
Anne Lufkin-RiaoBoard member
Itzel DiazBoard member
Maria Rogers PascualBoard member
Ximena A OrozcoBoard member
Guadalupe PerezSecretary
Idaima RoblesTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$2,863,446
Program Service Revenue
$1,600
Investment Income
$43,971
Other Revenue
$0
All Other Contributions
$2,817,648
Change in Net Assets
$1,609,832

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,909,017
Total Revenue per Audited Statements
$2,909,017
Total Revenue per Form 990
$2,909,017
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$994,384
Other Expenses$304,801
Total Fundraising Expense$208,948
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$528,497$106,298$107,941$742,736
Fees for Services Other$148,462$1,666$38,554$188,682
Current Officers, Directors, Trustees, and Key Employees$55,445$33,659$33,292$122,396
Payroll Taxes$43,873$10,477$10,567$64,917
Other Employee Benefits$47,624$8,386$8,325$64,335
Fees for Services Accounting-$26,136-$26,136
Information Technology$15,644$6,367$2,059$24,070
Office Expenses$12,243$4,381$4,196$20,820
Conferences and Meetings$9,788$3,194$890$13,872
Insurance$7,940$1,163$1,169$10,272
Occupancy$5,838$1,151$1,166$8,155
Travel$6,131$713$527$7,371
Other Expenses$1,973$1,205$241$3,419
Fees for Services Legal-$1,900-$1,900
Advertising$61$22$21$104
Total Functional Expenses$883,519$206,718$208,948$1,299,185

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,299,185
Total Expenses per Audited Statements$1,299,185
Total Expenses per Form 990$1,299,185
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“First draft is reviewed by Accountants, and F&OD and comments submitted if needed and once revision version with changes comes back then it's sent to treasurer and Executive Director review. Final version is presented to the board.”

Form 990, Part VI, Section B, Line 12C

“All directors, officers, members of committees with board delegated powers, and key employees are required to review annually their conflict of interest questionnaire and submit a new one if they need to disclose any situation which may cause a conflict of interest to allow an impartial and objective review by the Board. After disclosure and any discussion, the Board shall determine if a conflict of interest exists. (Additional monitoring procedures are described in the policy.)”

Form 990, Part VI, Section C, Line 19

“Available upon request.”

Filing and Contact Details

Filer

Filer Name
Prospera Community Development
EIN
77-0373186
Phone
5106952270
Address
3686 38th Avenue, Oakland, CA 94619

Signing Officer

Name
Claudia Arroyo
Title
Executive Director
Signed
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Claudia Arroyo
Formed
1994
Legal Domicile
CA
Voting Board Members
8
Independent Board Members
8
Employees
11
Volunteers
18

Preparer

Firm
Iryna AC
Address
1000 Broadway Ste 200-C, Oakland, CA 94607
Preparer
Kostyantyn Oreshkov EA
Phone
5104679506
Supplemental Narrative

Financial Statement Notes

Part X : FIN48 Footnote

“The Organization is a not-for-profit organization that is exempt from federal income tax on income under Section 501(c)(3) of the Internal Revenue Code and from state franchise tax under California Revenue and Taxation Code Section 23701 (d). However, income from activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. There was no tax on unrelated business income for year ended December 31, 2023.Effective October 1, 2009, the Organization adopted Accounting for Uncertainty in Income Tax guidance FASB ASC 740 Accounting for Uncertainty in Income Taxes. Accordingly, the Organization recognizes the effect of income tax positions only when those positions are more likely than not of being sustained.”

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IRS990/Desc0- 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 P
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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary
IRS990/Form990PartVIISectionAGrp/TitleTxt4Treasurer
IRS990/Form990PartVIISectionAGrp/TitleTxt5Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt6Board member
IRS990/Form990PartVIISectionAGrp/TitleTxt7Board member
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IRS990/MissionDesc0Prospera 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.
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IRS990/OtherSalariesAndWagesGrp/TotalAmt0742736
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IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
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IRS990/PayrollTaxesGrp/FundraisingAmt010567
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt010477
IRS990/PayrollTaxesGrp/ProgramServicesAmt043873
IRS990/PayrollTaxesGrp/TotalAmt064917
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IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0308000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt010571
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt019087
IRS990/PrincipalOfficerNm0Claudia Arroyo
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0Service fees
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt01600
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IRS990/ProhibitedTaxShelterTransInd0false
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IRS990/PYTotalRevenueAmt01097286
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IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt01609832
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
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IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt01600
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt038182
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IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01223
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0967
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0110000
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IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07618523
IRS990ScheduleA/TotalSupportAmt07714173
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IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0The Organization is a not-for-profit organization that is exempt from federal income tax on income under Section 501(c)(3) of the Internal Revenue Code and from state franchise tax under California Revenue and Taxation Code Section 23701 (d). However, income from activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. There was no tax on unrelated business income for year ended December 31, 2023.Effective October 1, 2009, the Organization adopted Accounting for Uncertainty in Income Tax guidance FASB ASC 740 Accounting for Uncertainty in Income Taxes. Accordingly, the Organization recognizes the effect of income tax positions only when those positions are more likely than not of being sustained.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X : FIN48 Footnote
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IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01299185
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0First draft is reviewed by Accountants, and F&OD and comments submitted if needed and once revision version with changes comes back then it's sent to treasurer and Executive Director review. Final version is presented to the board.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1All directors, officers, members of committees with board delegated powers, and key employees are required to review annually their conflict of interest questionnaire and submit a new one if they need to disclose any situation which may cause a conflict of interest to allow an impartial and objective review by the Board. After disclosure and any discussion, the Board shall determine if a conflict of interest exists. (Additional monitoring procedures are described in the policy.)
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Available upon request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
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IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0883519
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IRS990/TotalGrossUBIAmt00
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Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,087,621
Liabilities
$121,530
Net assets
$3,966,091
Revenue
$2,909,017
Expenses
$1,299,185
Net income
$1,609,832
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.81$0.17$3.64$1.46$1.78$0.32
2023Detailed filing. Detailed filing data is available for this year.$4.09$0.12$3.97$2.91$1.30$1.61
2022Detailed filing. Detailed filing data is available for this year.$2.43$0.08$2.36$1.10$1.01$0.09
2021Detailed filing. Detailed filing data is available for this year.$2.31$0.04$2.27$1.91$0.66$1.25
2020Detailed filing. Detailed filing data is available for this year.$1.13$0.10$1.03$1.09$0.72$0.37
2019Detailed filing. Detailed filing data is available for this year.$0.67$0.01$0.66$0.83$0.49$0.33
2018Detailed filing. Detailed filing data is available for this year.$0.35$0.03$0.32$0.29$0.50$0.20
2017Detailed filing. Detailed filing data is available for this year.$0.54$0.01$0.53$0.41$0.58$0.16
2016Detailed filing. Detailed filing data is available for this year.$0.71$0.02$0.69$0.87$0.61$0.26
2015Detailed filing. Detailed filing data is available for this year.$0.45$0.02$0.43$0.61$0.59$0.03
2014Summary only. Only limited summary data is available for this year.$0.43$0.02$0.41$0.74$0.92$0.18
2013Summary only. Only limited summary data is available for this year.$0.64$0.05$0.59$0.88$1.04$0.16
2012Summary only. Only limited summary data is available for this year.$0.77$0.05$0.72$0.86$0.80$0.06
2011Summary only. Only limited summary data is available for this year.$0.69$0.03$0.66$0.66$0.87$0.21