Civic Intelligence

Prospera Georgia LLC

990 • Fiscal year 2022 • EIN 85-3544419

Oct 01, 2021 to Sep 30, 2022 • Filed on Jul 11, 2023

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

93rd percentile

0.77x

Higher debt load relative to assets than 93% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

94th percentile

0.76x

Higher debt load relative to revenue than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

37th percentile

-1.3%

Higher net margin than 37% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

99th percentile

$285,263

Higher top officer pay than 99% of similar nonprofits.

Top officer pay equals 119.9% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

94th percentile

143%

Faster asset growth than 94% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

89th percentile

160%

Faster revenue growth than 89% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Assets

Up

$236,414

Up $138,996 (+143%) from 2021

Net Assets

Down

$54,924

Down $3,148 (-5.4%) from 2021

Liabilities

Up

$181,490

Up $142,144 (+361%) from 2021

Revenue

Up

$237,902

Up $146,402 (+160%) from 2021

Expenses

Up

$241,050

Up $207,622 (+621%) from 2021

Net Income

Down

-$3,148

Down $61,220 (-105%) from 2021

Historical Trend

Balance Sheet Trend

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

2022

Assets$236,414
Liabilities$181,490
Net Assets$54,924

Operations Trend

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

2022

Revenue$237,902
Expenses$241,050
Net Income-$3,148
Jump To
Filing Snapshot
Filing Period
Oct 1, 2021 to Sep 30, 2022
Signed
Jul 11, 2023
Return Version
2021v4.2
Gross Receipts
$237,902
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 (continued on schedule o)

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$94,137$175,750▲ $81,613
Accounts Receivable$3,150$56,863▲ $53,713
Prepaid Expenses and Deferred Charges$0$2,000▲ $2,000
Land, Buildings, and Equipment, Net$131$1,801▲ $1,670
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
Total Assets$97,418$236,414▲ $138,996
Other Assets Total$0$0→ $0
Liabilities
Other Liabilities$36,399$174,041▲ $137,642
Accounts Payable and Accrued Expenses$2,947$7,449▲ $4,502
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$39,346$181,490▲ $142,144
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$58,072$54,924▼ $3,148
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$58,072$54,924▼ $3,148
Total Liabilities and Net Assets / Fund Balance$97,418$236,414▲ $138,996

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$1,801$994$2,795
Compensation and Service Providers

Board Members and Trustees

NameTitle
Boris AyalaChair
Augusto SanabriaPresident/CEO
Luz AvilesVice Chair
Luis E OteroCFO
Lori Duarte-robertsSecretary
Alexander SueiroTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$237,902
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$120,000
Change in Net Assets
$-3,148
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$146,343
Other Expenses$94,707
Total Fundraising Expense$59,468
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$81,990$16,800$17,006$115,796
Office Expenses$3,898$555$33,717$38,170
Pension Plan Contributions$15,497$2,800$3,000$21,297
Information Technology$15,300$1,900$2,800$20,000
Travel$15,120-$22$15,142
Payroll Taxes$5,817$1,300$1,200$8,317
Advertising$5,247$512$500$6,259
Fees for Services Accounting$3,772$1,750$600$6,122
Occupancy$4,500--$4,500
Other Expenses$154$2,284-$2,438
Conferences and Meetings$1,015-$623$1,638
Other Employee Benefits$933--$933
Depreciation Depletion$438--$438
Total Functional Expenses$153,681$27,901$59,468$241,050
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$174,041
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
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, SECTION A, LINE 6:

The company is a single member limited liability company. The company's sole member is hispanic business initiative fund of florida, inc.

FORM 990, PART VI, SECTION A, LINE 7A:

Each officer other than the president shall be appointed from among the managers of the company by the board of managers and approved by the member and shall serve a term of one year and until his or her successor has been elected and qualified, or until his or her death, adjudication of incompetency, resignation, or removal. The president shall be employed by the board of managers (after approval by the member).

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

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
2023-07-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Augusto Sanabria
Formed
2021
Legal Domicile
Ga
Voting Board Members
18
Independent Board Members
17
Employees
3
Volunteers
17

Preparer

Firm
Bdo USA Pa
Address
200 OTTAWA AVE NW STE 300, GRAND RAPIDS, MI 49503
Preparer
Jacob Cook
Phone
6167747000
Supplemental Narrative

Additional Explanations

FORM 990, PART I, LINE 1, CONTINUED:

To establish 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.

FORM 990, PART III, LINE 2:

Educational assistance: orientation sessions provide basic information about how to start a business. The hispanic businessworkshop series offers training on specific topics that assistentrepreneurs in making critical decisions to achieve success.prospera georgia llc had over 96 attendees to the educationalsessions offered in spanish and free of charge.

Financial Statement Notes

SCHEDULE D, 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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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 Georgia LLC had over 96 attendees to the educational sessions offered in Spanish and free of charge.
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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/FormAndLineReferenceDesc0SCHEDULE D, PART X, LINE 2:
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