Civic Intelligence

Prospera Georgia LLC

990 • Fiscal year 2021 • EIN 85-3544419

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 10, 2022

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

88th percentile

0.40x

Higher debt load relative to assets than 88% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

90th percentile

0.43x

Higher debt load relative to revenue than 90% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

91st percentile

63%

Higher net margin than 91% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

99th percentile

$275,367

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 300.9% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2021

Balance Sheet
Liabilities / Assets88th percentile

Assets

$97,418

No earlier filing loaded for comparison.

Net Assets

$58,072

No earlier filing loaded for comparison.

Liabilities

$39,346

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / Revenue90th percentileNet Margin91st percentile

Revenue

$91,500

No earlier filing loaded for comparison.

Expenses

$33,428

No earlier filing loaded for comparison.

Net Income

$58,072

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$400K$300K$200K$100K$0Assets 2021: $97,418Liabilities 2021: $39,346Net Assets 2021: $58,0722021Assets 2022: $236,414Liabilities 2022: $181,490Net Assets 2022: $54,9242022Assets 2023: $288,138Liabilities 2023: $24,602Net Assets 2023: $263,5362023Assets 2024: $386,503Liabilities 2024: $210,859Net Assets 2024: $175,6442024

Highlighted filing

2021

Assets$97,418
Liabilities$39,346
Net Assets$58,072
Open 2021 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$600K$400K$200K$0-$200KRevenue 2021: $91,500Expenses 2021: $33,428Net Income 2021: $58,0722021Revenue 2022: $237,902Expenses 2022: $241,050Net Income 2022: -$3,1482022Revenue 2023: $578,444Expenses 2023: $369,832Net Income 2023: $208,6122023Revenue 2024: $452,756Expenses 2024: $540,648Net Income 2024: -$87,8922024

Highlighted filing

2021

Revenue$91,500
Expenses$33,428
Net Income$58,072
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 10, 2022
Return Version
2020v4.1
Gross Receipts
$91,500
Mission and Program Overview

Mission

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

Prospera ga is an economic development, nonprofit organization in nc specializing in providing bilingual assistance to hispanic entrepreneurs trying to establish (sch o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$0$94,137▲ $94,137
Accounts Receivable$0$3,150▲ $3,150
Land, Buildings, and Equipment, Net$0$131▲ $131
Savings and Temporary Cash Investments$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$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
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$0$97,418▲ $97,418
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$0$36,399▲ $36,399
Accounts Payable and Accrued Expenses$0$2,947▲ $2,947
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$39,346▲ $39,346
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$0$58,072▲ $58,072
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$0$58,072▲ $58,072
Total Liabilities and Net Assets / Fund Balance$0$97,418▲ $97,418

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$131$556$687
Compensation and Service Providers
Top Officer Pay99th percentile

Board Members and Trustees

NameTitle
Augusto SanabriaPresident/CEO
Boris AyalaVice Chair
Jose SanchezSecretary
Alexander SueiroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$91,500
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$91,500
Change in Net Assets
$58,072
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$28,121
Total Fundraising Expense$20,815
Salaries, Compensation, and Employee Benefits$5,307
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses-$481$18,120$18,601
Fees for Services Legal-$3,972$2,262$6,234
Other Salaries and Wages$4,832-$98$4,930
Travel$1,782$17$322$2,121
Other Expenses-$807-$807
Payroll Taxes$370-$7$377
Fees for Services Accounting$308$30$6$344
Depreciation Depletion$14--$14
Total Functional Expenses$7,306$5,307$20,815$33,428
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 Transactions$36,399
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

FORM 990, PART VI, SECTION B, LINE 11:

“The president/ceo and board treasurer review form 990.”

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”

FORM 990, PART VI, SECTION B, LINE 15A:

“The president/ceo's salary and performance review is done by the executive committee of the board of a related organization on an annual basis. As part of the review, an independent compensation consultant was hired, which research included local and national compensation packages awarded to other non-profit organizations reported on salary surveys and form 990s.”

FORM 990, PART VI, SECTION C, LINE 19:

“The organization makes its records available upon request.”

Filing and Contact Details

Filer

Filer Name
Prospera Georgia LLC
EIN
85-3544419
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
2022-08-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Augusto Sanabria
Formed
2021
Legal Domicile
Ga
Voting Board Members
4
Independent Board Members
3
Employees
1
Volunteers
0

Preparer

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

Additional Explanations

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

“Or expand their business in georgia. 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

PART X, LINE 2:

“The organization identifies and evaluates uncertain tax positions, if any, and recognizes the impact of uncertain tax positions for which there is a less than more likely-than-not probability of the position being upheld when reviewed by the relevant taxing authority. Such positions are deemed to be unrecognized tax benefits and a corresponding liability is established on the statement of financial position. The organization has not recognized a liability for uncertain tax positions. If there were an unrecognized tax benefit, the organization would recognize interest accrued related to unrecognized tax benefits in interest expense and penalties in operating expenses. The organization's tax years subject to examination by the internal revenue service generally remain open for three years from the date of filing.”

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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0INTERCOMPANY TRANSACTIONS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION'S TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0AUGUSTO SANABRIA
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0PRESIDENT/CEO
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0OR EXPAND THEIR BUSINESS IN GEORGIA. 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/ExplanationTxt1THE PRESIDENT/CEO AND BOARD TREASURER REVIEW FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2OUR 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/ExplanationTxt3THE PRESIDENT/CEO'S SALARY AND PERFORMANCE REVIEW IS DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF A RELATED ORGANIZATION ON AN ANNUAL BASIS. AS PART OF THE REVIEW, AN INDEPENDENT COMPENSATION CONSULTANT WAS HIRED, WHICH RESEARCH INCLUDED LOCAL AND NATIONAL COMPENSATION PACKAGES AWARDED TO OTHER NON-PROFIT ORGANIZATIONS REPORTED ON SALARY SURVEYS AND FORM 990S.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION MAKES ITS RECORDS AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SEC B, LINE 12C:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 15A:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19:
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0HISPANIC BUS INITIATIVE FUND OF FL INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1HISPANIC BUS INITIATIVE FUND NATIONWIDE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt2PROSPERA NORTH CAROLINA LLC
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IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECON DEV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1ECON DEV
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt2ECON DEV

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,418
Liabilities
$39,346
Net assets
$58,072
Revenue
$91,500
Expenses
$33,428
Net income
$58,072
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.87$2.11$1.76$4.53$5.41$0.88
2023Detailed filing. Detailed filing data is available for this year.$2.88$0.25$2.64$5.78$3.70$2.09
2022Detailed filing. Detailed filing data is available for this year.$2.36$1.81$0.55$2.38$2.41$0.03
2021Detailed filing. Detailed filing data is available for this year.$0.97$0.39$0.58$0.92$0.33$0.58