2016-08-05T07:23:42-07:00 2015-12-31 Patricia A Foley EA 991 MIDWAY AVE SAN LEANDRO CA 945771344 990 2015-01-01 770373186 Prospera Community Development DBA Prospera PROS 5104513100 1904 Franklin Street 801 Oakland CA 94612 Maria Rogers Executive Dir. 2016-08-05 true Patricia A Foley EA P00026891 5105896820 X 2015 2016-12-15 16:53:06Z Maria Soria 1904 Franklin Street 801 Oakland CA 94612 610838 false false X N/A X 1994 CA Prosperas cooperative development program provides intensive training, coaching, and technical assistance to low-income Latinas to cultivate leadership, grow successful cooperatives, and transform communities. 11 11 10 24 0 715737 609747 22780 875 473 216 0 738990 610838 0 0 530456 430935 0 159635 392524 154602 922980 585537 -183990 25301 426053 450830 20491 19967 405562 430863 Prosperas cooperative development program provides intensive training, coaching, and technical assistance to low-income Latinas to cultivate leadership, grow successful cooperatives, and transform communities. false false 332935 In 2015 Prospera underwent a new Theory of Change, shifting priorities and creating a new program model. In the New Core Program Prospera recruits and invests in low-income Latina immigrants with an entrepreneurial mindset and the capacity to become founding members of new cooperative ventures. Once identified, these founding members participate in a year-long intensive training, coaching, and technical assistance program which guides them from business idea, to assessment, business model generation, testing, prototyping, financing and finally, launch the co-op. After launch, Prospera provides each cooperative with an additional two years of tailored technical assistance to promote growth and sustainability of the co-op, in areas such as sales and marketing, operations, governance, financial planning, recruitment and training of new members. Prosperas goal is to support the launch of three Latina-owned co-ops each year. These businesses will ultimately benefit hundreds of women, as well as their families and their communities by building the capacity of Latina immigrant women, we help them move their families out of poverty, create wealth in their communities, and ultimately become ambassadors for co-op development in marginalized communities. In 2015 we were able to:Create and implement a transition plan to implement the new theory of changeDesign a new program modelDesign the curriculum and test it with 18 women whom graduated from the new Co-ops Business Basics training Create a transition plan for the Paleteria project from the old to the new model and assist the participants with entry into pre-incubation at La Cocina. Design the new program & impact evaluation system, including the launch of a Salesforce program database project. 332935 true true false false false false false false false false true false false false true false 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 false false false false true 11 0 true 10 true false false false false false false false false 0 false false false false false false false false false false X 11 11 false false true false false false false true true false false true true true true true true true false false CA X X X Catt Olazabal 5104513100 1904 Franklin Street 801 Oakland CA 94612 Loren Rodgers Board member 4.00 0.00 X 0 0 0 M Teresa Garca Board member 3.00 0.00 X 0 0 0 Irma Herrera Board member 3.00 0.00 X 0 0 0 Benjamin Osgood Board member 4.00 0.00 X 0 0 0 Sarah Picker Board member 3.00 0.00 X 0 0 0 Mariana Phipps Board member 3.00 0.00 X 0 0 0 Neha Gupta Board member 0.00 0.00 X 0 0 0 Elena Fairley Board member 0.00 0.00 X 0 0 0 Camille Kerr Chair 4.00 0.00 X 0 0 0 Maria Soria Secretary 4.00 0.00 X 0 0 0 Ray Schreiber Treasurer 4.00 0.00 X 0 0 0 Maria Sansores Executive Dir. 40.00 0.00 X 70127 0 0 70127 0 false false false 0 609747 609747 Service Fees 875 875 875 216 216 0 0 0 0 0 0 0 0 610838 875 216 0 0 0 0 74608 39683 11146 23779 0 283923 165456 40209 78258 0 42593 22549 6986 13058 29811 15785 4922 9104 0 2250 2000 250 2900 2900 0 0 0 43865 29083 5159 9623 1622 585 1037 9145 7381 902 862 17269 9429 3261 4579 0 35787 20811 5333 9643 5707 2672 1493 1542 0 1105 664 441 0 0 22280 12968 3243 6069 1317 1317 Payroll and bank fees 5260 4780 480 Volunteer support 4247 3408 156 683 Dues and Memberships 785 250 535 Printing and Publications 638 138 195 305 425 73 180 172 585537 332935 92967 159635 176265 189999 158970 108409 118500 39497 6721 0 0 0 0 11463 10757 94110 82362 34028 11748 0 0 0 0 5830 4696 426053 450830 8226 6360 12265 13607 20491 19967 X 160479 140279 245083 290584 405562 430863 426053 450830 25301 X false true X false false X 669746 849004 860458 715737 609747 3704692 0 0 669746 849004 860458 715737 609747 3704692 888165 2816527 3499 2254 915 473 216 7357 0 3676 3676 3715725 50064 0.75800 0.71320 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1330 1164 166 85458 74790 10668 7322 6408 914 11748 Accrued Vacation 13607 13607 638250 27412 27412 610838 610838 612949 27412 27412 585537 585537 Part V, Line 4: Intended uses of the endowment fund. Board designated reserve funds to be used to manage organizational cash flow. Form 990, Part VI, Line 4: Description of Significant Changes to Organizational Documents Prospera Community Development's Board of Directors, with pro-bono legal expertise provided by Gibson and Dunn, resolved to amend and restate the bylaws during the December 15th board meeting. The summary of changes included the name change from Women's Action to Gain Economic Security to Prospera Community Development, revision of the objectives, additional inclusions of California Corporations Code, and a maximum term limit for Board Members to serve no more than four consecutive years.Added from Cal. Corp. Code 5212(a)(7). Form 990, Part VI, Line 11b: Form 990 Review Process The Executive Director, and full Board of Directors reviews the 990 to identify any questions or corrections to be addressed or revised. Revisions are then given to the Tax Preparer who completes a final draft for approval. If all corrections have been made to the satisfaction of the Board then the filing is submitted as appropriate. Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts All directors, officers, members of committees with board delegated powers, and key employees are required to complete a conflict of interest questionnaire on an annual basis. All directors, officers, members of committees with board delegated powers, and key employees must fully 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, Line 15a: Compensation Review & Approval Process - CEO, Top Management The Board reviews the Executive Director's salary annually during the performance evaluation process. Form 990, Part VI, Line 18: Explanation of Other Means Forms Available For Public Inspection Forms are available upon request. Form 990, Part VI, Line 19: Other Organization Documents Publicly Available Forms are available upon request.