2024-11-14T14:54:27-08:00 2023-12-31 204994635 Iryna AC 1000 Broadway Ste 200-C Oakland CA 94607 990 2023-01-01 770373186 Prospera Community Development PROS 5106952270 3686 38th Avenue Oakland CA 94619 Claudia Arroyo Executive Director 2024-11-14 true true Kostyantyn Oreshkov EA P00923916 5104679506 2023 2024-10-15 13:58:12Z X Claudia Arroyo 3686 38th Avenue Oakland CA 94619 2909017 false X www.prosperacoops.org X 1994 CA 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. 8 8 11 18 0 1081534 2863446 12500 1600 2816 43971 436 0 1097286 2909017 0 0 757736 994384 0 208948 253892 304801 1011628 1299185 85658 1609832 2434808 4087621 78549 121530 2356259 3966091 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. false false 883519 1600 - 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 Programs Built to be deployed in 2024. 883519 true true false false false false false false false false false false false false false true true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 27 0 true 11 true false false false false false false false 0 false false false false false false false X 8 8 false false false false false false false true true false false true true true true true true false false false CA X X Claudia Delgado 5106952270 3686 38th Avenue Oakland CA 94619 Claudia Arroyo Executive Dir. 40.00 0.00 X 110288 0 12108 MariCarmen Arjona Chair 0.75 0.00 X X 0 0 0 Anais Amaya Co-Chair 0.75 0.00 X X 0 0 0 Guadalupe Perez Secretary 0.75 0.00 X X 0 0 0 Idaima Robles Treasurer 0.75 0.00 X X 0 0 0 Ximena A Orozco Board member 0.75 0.00 X 0 0 0 Maria Rogers Pascual Board member 0.75 0.00 X 0 0 0 Anne Lufkin-Riao Board member 0.75 0.00 X 0 0 0 Itzel Diaz Board member 0.75 0.00 X 0 0 0 110288 12108 1 false false false 0 45798 2817648 2863446 Service fees 611430 1600 1600 1600 43971 43971 0 0 0 0 0 0 0 0 2909017 1600 43971 X 0 0 0 0 122396 55445 33659 33292 0 742736 528497 106298 107941 0 64335 47624 8386 8325 64917 43873 10477 10567 0 1900 1900 26136 26136 0 0 0 188682 148462 1666 38554 104 61 22 21 20820 12243 4381 4196 24070 15644 6367 2059 0 8155 5838 1151 1166 7371 6131 713 527 0 13872 9788 3194 890 0 0 0 10272 7940 1163 1169 Dues and other charges 3419 1973 1205 241 0 1299185 883519 206718 208948 2271264 2652817 38182 1066919 114791 308000 40798 0 0 0 0 10571 19087 0 0 0 0 0 0 2434808 4087621 78549 121530 78549 121530 X 1905056 2540008 451203 1426083 2356259 3966091 2434808 4087621 1609832 X false true X true false X 737824 1042030 1893689 1081534 2863446 7618523 0 0 737824 1042030 1893689 1081534 2863446 7618523 1450453 6168070 967 1223 1273 2816 43971 50250 0 45400 45400 7714173 110000 0.79960 0.77370 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 2909017 2909017 2909017 1299185 1299185 1299185 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. 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.