Civic Intelligence

Prospera North Carolina LLC

990 • Fiscal year 2020 • EIN 82-1629344

Oct 01, 2019 to Sep 30, 2020 • Filed on Jun 30, 2021

Organization ProfileWWW.PROSPERAUSA.ORG
3201 E COLONIAL DRIVE Suite A-20Orlando, FL 32803

(407) 428-5872

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.96x

Higher debt load relative to assets than 92% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

95th percentile

1.94x

Higher debt load relative to revenue than 95% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Net Margin

84th percentile

33%

Higher net margin than 84% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

96th percentile

$248,998

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 79.9% of source-year revenue.

2020 filings • NTEE P • $500k-$1M nonprofits • Source year 2020

Asset Growth

91st percentile

179%

Faster asset growth than 91% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

88th percentile

71%

Faster revenue growth than 88% of similar nonprofits.

2020 filings • NTEE P • $500k-$1M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets92nd percentile

Assets

Up

$627,535

Up $402,246 (+179%) from 2019

Net Assets

Up

$24,197

Up $102,857 (+131%) from 2019

Liabilities

Up

$603,338

Up $299,389 (+98%) from 2019

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin84th percentile

Revenue

Up

$311,741

Up $129,042 (+71%) from 2019

Expenses

Up

$208,884

Up $68,077 (+48%) from 2019

Net Income

Up

$102,857

Up $60,965 (+146%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth91st percentile

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

$2.0M$1.0M$0-$1.0MAssets 2019: $225,289Liabilities 2019: $303,949Net Assets 2019: -$78,6602019Assets 2020: $627,535Liabilities 2020: $603,338Net Assets 2020: $24,1972020Assets 2021: $739,902Liabilities 2021: $214,654Net Assets 2021: $525,2482021Assets 2022: $750,207Liabilities 2022: $313,679Net Assets 2022: $436,5282022Assets 2023: $1,328,254Liabilities 2023: $235,221Net Assets 2023: $1,093,0332023Assets 2024: $1,941,686Liabilities 2024: $233,366Net Assets 2024: $1,708,3202024

Highlighted filing

2020

Assets$627,535
Liabilities$603,338
Net Assets$24,197
Open 2020 Filing

Operations Trend

Revenue Growth88th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2019: $182,699Expenses 2019: $140,807Net Income 2019: $41,8922019Revenue 2020: $311,741Expenses 2020: $208,884Net Income 2020: $102,8572020Revenue 2021: $890,525Expenses 2021: $389,474Net Income 2021: $501,0512021Revenue 2022: $488,135Expenses 2022: $569,992Net Income 2022: -$81,8572022Revenue 2023: $1,519,000Expenses 2023: $860,020Net Income 2023: $658,9802023Revenue 2024: $1,682,287Expenses 2024: $1,079,019Net Income 2024: $603,2682024

Highlighted filing

2020

Revenue$311,741
Expenses$208,884
Net Income$102,857
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Jun 30, 2021
Return Version
2019v5.2
Gross Receipts
$311,741
Mission and Program Overview

Mission

To strengthen the economy of north carolina through quality business development and training to hispanic entrepreneurs.

Prospera nc is an economic development, nonprofit organization in nc specializing in providing bilingual assistance to hispanic entrepreneurs trying to establish or expand

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$223,091$494,921▲ $271,830
Pledges and Grants Receivable$0$129,470▲ $129,470
Land, Buildings, and Equipment, Net$1,771$2,938▲ $1,167
Prepaid Expenses and Deferred Charges$427$206▼ $221
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$225,289$627,535▲ $402,246
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$297,765$346,924▲ $49,159
Deferred Revenue$0$191,970▲ $191,970
Accounts Payable and Accrued Expenses$6,184$64,444▲ $58,260
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$303,949$603,338▲ $299,389
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-78,660$24,197▲ $102,857
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$-78,660$24,197▲ $102,857
Total Liabilities and Net Assets / Fund Balance$225,289$627,535▲ $402,246

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$2,938$910$3,848
Compensation and Service Providers
Top Officer Pay96th percentile

Board Members and Trustees

NameTitle
Boris AyalaChairperson
Augusto SanabriaCEO/president
Jose SanchezSecretary
Alex SueiroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$311,741
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$234,241
Change in Net Assets
$102,857

Audited Revenue Reconciliation

Revenue per Audited Statements
$311,741
Revenue Not Reported on Form 990
$3,317,391
Total Revenue per Audited Statements
$3,629,132
Total Revenue per Form 990
$311,741
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$159,974
Other Expenses$48,910
Total Fundraising Expense$20,780
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$121,835$3,397$6,167$131,399
Other Employee Benefits$14,852$1,335$609$16,796
Travel$7,155$888$5,445$13,488
Occupancy$5,930-$5,274$11,204
Payroll Taxes$8,781$222$359$9,362
Fees for Services Accounting$4,671$4,372$182$9,225
Advertising$5,210-$79$5,289
Office Expenses$4,059$816$216$5,091
Pension Plan Contributions$2,188$79$150$2,417
Fees for Services Legal$1,628-$145$1,773
Conferences and Meetings$258-$1,365$1,623
Fees for Services Other--$700$700
Depreciation Depletion$406$22$89$517
Total Functional Expenses$176,973$11,131$20,780$208,884

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,988,399
Expenses Not Reported on Form 990$2,779,515
Expenses per Audited Statements$208,884
Total Expenses per Form 990$208,884
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$0
Fundraising Gross Income$0
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Intercompany$346,924
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SEC B, LINE 12C:

“Our operating policy prohibits to provide grants to board members or immediate family members. They are required to annually sign a declaration of conflict of interest”

Filing and Contact Details

Filer

Filer Name
Prospera North Carolina LLC
EIN
82-1629344
In Care Of
% AUGUSTO SANABRIA
Phone
4074285872
Address
3201 E COLONIAL DRIVE Suite A-20, ORLANDO, FL 32803

Signing Officer

Name
Augusto Sanabria
Title
President/CEO
Phone
4074285872
Signed
2021-06-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Augusto Sanabria
Formed
2017
Legal Domicile
Nc
Voting Board Members
4
Independent Board Members
4
Employees
4
Volunteers
33

Preparer

Firm
Bdo USA Llp
Address
450 S Orange Ave Suite 550, Orlando, FL 32801
Preparer
Tara Miller
Phone
4078416930
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:

“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.”

Financial Statement Notes

SCHEDULE D, PART XI, LINE 2D:

“Revenue included with consolidate financial statement not included on this tax return. Revenue reports on separate tax returns: hbif fl $3,314,352 hbif nationwide $ 3,039 total $3,317,391”

SCHEDULE D, PART XII, LINE 2D:

“Expenses included with consolidate financial statement not included on this tax return. Expenses reported on separate tax returns: hbif fl $2,777,143 hbif nationwide $2,372 total $2,779,515”

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IRS990/ProgSrvcAccomActy2Grp/Desc0EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA HAD OVER 433 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE. CREATION, QUICKBOOKS TRAINING, AND LOAN APPLICATION PREPARATION. PROSPERA PROVIDED EDUCATIONAL ASSISTANCE TO 433 BUSINESS OWNERS WHO ATTENDED OUR EDUCATIONAL SESSIONS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt077634
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0182699
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IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
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IRS990/PYOtherExpensesAmt052337
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt041892
IRS990/PYSalariesCompEmpBnftPaidAmt088470
IRS990/PYTotalExpensesAmt0140807
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0182699
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IRS990/RcvblFromDisqualifiedPrsnGrp/EOYAmt00
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IRS990/ReceivablesFromOfficersEtcGrp/BOYAmt00
IRS990/ReceivablesFromOfficersEtcGrp/EOYAmt00
IRS990/ReconcilationRevenueExpnssAmt0102857
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
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IRS990/RentalIncomeOrLossGrp/PersonalAmt00
IRS990/RentalIncomeOrLossGrp/RealAmt00
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IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
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IRS990/SavingsAndTempCashInvstGrp/BOYAmt00
IRS990/SavingsAndTempCashInvstGrp/EOYAmt00
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IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SubstitutionBeyondOrgCntlInd0false
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IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0593341405
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt0910
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt03848
IRS990ScheduleD/ExpensesNotReportedAmt02779515
IRS990ScheduleD/ExpensesSubtotalAmt0208884
IRS990ScheduleD/FederalIncomeTaxLiabilityAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherExpensesIncludedAmt02779515
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0346924
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY
IRS990ScheduleD/OtherRevenueAmt03317391
IRS990ScheduleD/RevenueNotReportedAmt03317391
IRS990ScheduleD/RevenueSubtotalAmt0311741
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0REVENUE INCLUDED WITH CONSOLIDATE FINANCIAL STATEMENT NOT INCLUDED ON THIS TAX RETURN. REVENUE REPORTS ON SEPARATE TAX RETURNS: HBIF FL $3,314,352 HBIF NATIONWIDE $ 3,039 TOTAL $3,317,391
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1EXPENSES INCLUDED WITH CONSOLIDATE FINANCIAL STATEMENT NOT INCLUDED ON THIS TAX RETURN. EXPENSES REPORTED ON SEPARATE TAX RETURNS: HBIF FL $2,777,143 HBIF NATIONWIDE $2,372 TOTAL $2,779,515
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PART XI, LINE 2D:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PART XII, LINE 2D:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02938
IRS990ScheduleD/TotalExpensesPerForm990Amt0208884
IRS990ScheduleD/TotalLiabilityAmt0346924
IRS990ScheduleD/TotalRevenuePerForm990Amt0311741
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03629132
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02988399
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/CompensationSurveyInd0X
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/IndependentConsultantInd0X
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt023579
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AUGUSTO SANABRIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0248998
IRS990ScheduleJ/WrittenEmploymentContractInd0X
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THEIR 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Our operating policy prohibits to provide grants to board members or immediate family members. They are required to annually sign a declaration of conflict of interest
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SEC B, LINE 12C:
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IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
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IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0false
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingEntityName/BusinessNameLine1Txt1HBIF
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0Hispanic Bus Initiative Fund Nationwide
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1Hispanic Business Initiative Fund of Fl
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0043589150
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1593341405

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$627,535
Liabilities
$603,338
Net assets
$24,197
Revenue
$311,741
Expenses
$208,884
Net income
$102,857
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.94$0.23$1.71$1.68$1.08$0.60
2023Detailed filing. Detailed filing data is available for this year.$1.33$0.24$1.09$1.52$0.86$0.66
2022Detailed filing. Detailed filing data is available for this year.$0.75$0.31$0.44$0.49$0.57$0.08
2021Detailed filing. Detailed filing data is available for this year.$0.74$0.21$0.53$0.89$0.39$0.50
2020Detailed filing. Detailed filing data is available for this year.$0.63$0.60$0.02$0.31$0.21$0.10
2019Summary only. Only limited summary data is available for this year.$0.23$0.30$0.08$0.18$0.14$0.04