Prospera Community Development is located in Oakland, CA. The organization was established in 1994. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Prospera Community Development employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospera Community Development is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Prospera Community Development generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 17.7% each year . All expenses for the organization totaled $661.9k during the year ending 12/2021. While expenses have increased by 1.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROSPERAS COOPERATIVE DEVELOPMENT PROGRAM PROVIDES INTENSIVE TRAINING, COACHING, AND TECHNICAL ASSISTANCE TO LOW-INCOME LATINAS TO CULTIVATE LEADERSHIP, GROW SUCCESSFUL COOPERATIVES, AND TRANSFORM COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
WE PROVIDED OUR 36-HOUR EXPLORA TU COOPERATIVA COURSE TWICE DURING 2021, GRADUATING 87 ENTREPRENEURS FROM THE PROGRAM. DURING THE YEAR, OUR TRAIN THE TRAINER TEAM OF FACILITATORS WAS CONSOLIDATED. THESE THREE WOMEN, WHO ARE EXPERIENCED COOPERATIVE BUSINESS OWNERS AND PROSPERA PROGRAM PARTICIPANTS, WERE TRAINED IN POPULAR EDUCATION AND COACHING TECHNIQUES AND NOW MAKE UP OUR STRONG AND DYNAMIC TEAM OF FACILITATORS FOR THE EXPLORA COURSE. NOT ONLY DID THEY FACILITATE THE COURSE, BUT THEY ALSO DEVELOPED AN IMPROVED EXPLORA FOR ONLINE DELIVERY, EXPLORA 2.0. WE PROVIDED 13 COMMUNITY EDUCATION EVENTS, INCLUDING PANELS OPEN TO THE PUBLIC, CA RELIEF GRANT SESSIONS, LEVANTANDO NUESTRAS VOCES COALITION EVENTS, AND OUR ANNUAL SUMMIT FOR LATINA ENTREPRENEURS. IN ADDITION, WE LAUNCHED OUR PARA TODAS PODCAST HIGHLIGHTING THE STORIES AND VOICES OF PROSPERA PARTICIPANTS. PARA TODAS EXPANDS ON KEY TOPICS EXPLORED DURING THE EXPLORA COURSE, INCLUDING POWER AND PRIVILEGE, IMPOSTOR SYNDROME, COLLECTIVE POWER, AND MORE. IN 2021 WE PUBLISHED 3 EPISODES OF THE PODCAST. OUR 2020-2022 FELLOW MADE GREAT STRIDES WITH HER COOPERATIVE BUSINESS, DE COLORES COLLECTIVE CONSULTING. DE COLORES EXPANDED THEIR CLIENT PORTFOLIO TEN-FOLD, LAUNCHED THEIR BILINGUAL WEBSITE, AND DOUBLED THEIR INCOME OVER 2020. WE WELCOMED TWO MORE ENTREPRENEURS INTO THE FELLOWSHIP PROGRAM DURING 2021. WE HAVE CONTINUED TO DEVELOP OUR SALESFORCE CRM TO BETTER TRACK AND MANAGE DATA. THROUGHOUT 2021 WE WORKED WITH MARIAN DOUB CONSULTING TO DESIGN AND BUILD OUT OUR SALESFORCE PLATFORM, AND WE BEGAN USING FORM ASSEMBLY FOR DATA COLLECTION. IN THE FALL WE BEGAN TO CONNECT ALL INTAKE AND EVALUATION PROCESSES TO SALESFORCE VIA FORM ASSEMBLY, WITH THE RESULT THAT ALL NEW SURVEYS SEND DATA DIRECTLY TO SALESFORCE WHERE WE CAN EASILY ACCESS IT FOR ANALYSIS. IN EARLY 2021 WE FINALIZED OUR 2021-2025 STRATEGIC PLAN. THIS PLAN WAS DEVELOPED IN A PARTICIPATORY PROCESS INVOLVING PROSPERA STAFF, BOARD OF DIRECTORS, PROGRAM PARTICIPANTS, AND ALLIES. THE PLAN WAS PRESENTED TO PARTNERS AND STAKEHOLDERS DURING TWO VIRTUAL EVENTS, ONE IN ENGLISH AND ONE IN SPANISH. STRATEGIC PRIORITIES FOR THIS TIME PERIOD INCLUDE PROVIDING HOLISTIC SUPPORT TO LATINA ENTREPRENEURS, PROGRAM EXPANSION, AND ORGANIZATIONAL SUSTAINABILITY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Claudia Arroyo Executive Dir. | Officer | 40 | $95,322 |
Ana Castao Chair | OfficerTrustee | 0.75 | $4,300 |
Nancy Rosales Board Member | Trustee | 0.5 | $2,350 |
Maricarmen Arjona Secretary | OfficerTrustee | 0.75 | $0 |
Ximena A Orozco Treasurer | OfficerTrustee | 0.75 | $0 |
Karla Hernandez Board Member | Trustee | 0.15 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $68,787 |
All other contributions, gifts, grants, and similar amounts not included above | $1,824,902 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,893,689 |
Total Program Service Revenue | $12,100 |
Investment income | $1,273 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,907,062 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $112,906 |
Compensation of current officers, directors, key employees. | $29,667 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $336,395 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $36,447 |
Payroll taxes | $35,912 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $26,013 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $68,882 |
Advertising and promotion | $270 |
Office expenses | $10,449 |
Information technology | $16,929 |
Royalties | $0 |
Occupancy | $4,440 |
Travel | $6,238 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $1,582 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $4,680 |
All other expenses | $0 |
Total functional expenses | $661,891 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,885,456 |
Savings and temporary cash investments | $34,375 |
Pledges and grants receivable | $385,263 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $8,558 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,313,652 |
Accounts payable and accrued expenses | $43,051 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $43,051 |
Net assets without donor restrictions | $1,335,280 |
Net assets with donor restrictions | $935,321 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $2,313,652 |
Over the last fiscal year, we have identified 16 grants that Prospera Community Development has recieved totaling $1,193,016.
Awarding Organization | Amount |
---|---|
Rockefeller Foundation New York, NY PURPOSE: TOWARD THE COSTS OF PROVIDING CULTURALLY-SPECIFIC TECHNICAL ASSISTANCE AND LEADERSHIP DEVELOPMENT TO LATINA ENTREPRENEURS IN OAKLAND, CA | $250,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $165,000 |
Impactassets Inc Bethesda, MD PURPOSE: GENERAL SUPPORT | $150,000 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $115,000 |
Tides Foundation San Francisco, CA PURPOSE: EQUITY, HUMAN RIGHTS, AND ECONOMIC EMPOWERMENT | $101,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Organization Name | Assets | Revenue |
---|---|---|
Center For Employment Training San Jose, CA | $31,804,454 | $32,924,536 |
Proteus Inc Visalia, CA | $12,093,986 | $29,240,779 |
San Diego Workforce Partnership Inc San Diego, CA | $11,460,026 | $27,546,774 |
Jvs Socal Los Angeles, CA | $23,647,711 | $28,759,145 |
Summer Search Oakland, CA | $27,211,830 | $33,940,327 |
Options For All Inc San Diego, CA | $11,651,717 | $19,801,261 |
Central Valley Opportunity Center Winton, CA | $7,895,014 | $14,975,890 |
Urban Corps Of San Diego San Diego, CA | $15,173,777 | $14,300,091 |
Film L A Inc Los Angeles, CA | $20,241,193 | $14,666,382 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Workforce Development Corporation Southeast Los Angeles County Inc Cerritos, CA | $3,079,206 | $9,291,553 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |