Overview
What is Prospera Community Development?
Prospera Community Development is a nonprofit organization located in Oakland, California, dedicated to supporting Latina entrepreneurs. They offer various programs to help these women launch successful businesses, promoting cooperation, economic independence, and community well-being. In 2022, they conducted three Explora courses, providing training to 76 participants, and offered 35 workshops through Crece Comunidad, engaging 180 entrepreneurs. Additionally, they launched a program called Acompaa, offering advanced businesses personalized assistance and regular check-ins. Prospera also supported their participants through 170 hours of one-on-one technical assistance and contracted with 19 bilingual consultants. They registered, tracked, and evaluated all of their programs to ensure effectiveness, and held community events and organized workshops on Power and Privilege. Prospera's mission is to empower Latina entrepreneurs, providing them with the necessary networks, tools, and capital to become successful business owners and community leaders.
Official website here: www.prosperacoops.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Prospera Community Development has received an overall score of 80%, which is a solid Three-Star rating. This indicates a generally favorable performance in accountability and finance, where they scored 78%. A notable strength is their governance structure, with a high percentage of independent board members (88%) and a robust set of policies in place concerning conflict of interest and whistleblowing.
The organization also demonstrates strong fiscal responsibility, highlighted by a low liabilities to assets ratio of 3.22% and a commendable program expense ratio of 67.93%. These figures suggest that a significant portion of their resources is directed toward their programs, which is a positive indicator for potential donors. Additionally, their scores for culture and community involvement, as well as feedback collection and usage, reflect a commitment to engaging with their stakeholders effectively.
Despite these strengths, the organization faces ongoing challenges typical to nonprofits, but no material diversions of assets have been reported, showcasing financial integrity. Overall, Prospera Community Development appears to be a reliable organization with a structured approach to governance and community engagement, making it a viable option for potential donors.
This AI summary has been generated from information found on Charity Navigator.
Is Prospera Community Development legitimate?
Prospera Community Development is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prospera Community Development submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $133,518
Professional Fundraising Fees: $0
Other Salaries and Wages: $523,962
For more financial information, click here
Official website here: www.prosperacoops.org
What is the mission statement of Prospera Community Development?
Prospera Community Development focuses on empowering Latina entrepreneurs in immigrant communities by partnering with them to establish businesses. Through culturally-tailored programs, these women gain access to vital networks, tools, and capital, ultimately transforming into successful business owners and influential community leaders. The organization offers various services such as workshops, technical assistance, and fellowships, aiming to promote cooperation, economic independence, and well-being. Prospera's activities in 2022 included conducting three Explora courses, providing workshops through the Crece Comunidad program, launching the Acompaa program, and offering 1:1 technical assistance to numerous women. The organization also registered and tracked all of its programs using a unified system for monitoring, evaluation, accounting, and learning (MEAL).
Official website here: www.prosperacoops.org
Who is the CEO of Prospera Community Development?
Claudia Arroyo is the Executive Dir. of Prospera Community Development.
Official website here: www.prosperacoops.org
What is the revenue of Prospera Community Development?
Prospera Community Development's revenue in 2022 was $1,097,286.
Official website here: www.prosperacoops.org
Who are the executives of Prospera Community Development and what are their salaries?
The average compensation at Prospera Community Development during 2022 was $59,771. There are 11 employees and 10 volunteers at Prospera Community Development.
Here are 12 key members and their salaries:
- Compensation: $105,093
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- Other: $9,050
- Compensation: $19,375
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Official website here: www.prosperacoops.org
Where can I find the form 990 for Prospera Community Development?
Prospera Community Development's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperacoops.org
Learn more at the official website: www.prosperacoops.org
Mission Statement of Prospera Community Development
Prospera Community Development is an organization dedicated to empowering Latina entrepreneurs in immigrant communities. Their mission is to partner with these women to help them launch businesses that promote cooperation, economic independence, and overall well-being. Prospera achieves this goal through culturally-based programs, providing Latinas with the necessary networks, tools, and capital to become successful business owners and influential community leaders.
By offering various programs and initiatives, Prospera supports the growth and development of these Latina entrepreneurs. They provided three Explora courses in 2022, serving 76 participants in total. Additionally, Prospera organized 35 workshops through their Crece Comunidad program, reaching a total of 180 entrepreneurs and over 450 attendees. Furthermore, they launched the Acompaa program to assist more advanced businesses with individualized technical assistance, serving nine women and their respective businesses.
Through these initiatives, Prospera aims to foster a sense of community and cooperation among Latina entrepreneurs, ultimately contributing to their economic independence and overall well-being. By providing resources, workshops, and individualized support, Prospera helps these women grow their businesses and become powerful leaders in their communities.
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Impact
July, 2024
Prospera Community Development's impact can be seen through its collaboration with Latina entrepreneurs in launching businesses that not only contribute to economic independence but also foster cooperation and well-being in immigrant communities. Through culturally-based programs like Explora courses, Crece Comunidad workshops, and the new Acompaa program, Prospera has empowered Latinas to access networks, tools, and capital necessary for success as business owners and community leaders.
In 2022 alone, Prospera graduated 76 participants from its Explora courses and engaged 180 entrepreneurs in the Crece Comunidad workshops, with a total attendance of over 450. Additionally, 102 participants received resources through the Crece Comunidad Whatsapp group, and 239 received resources via email. The organization also provided 1:1 technical assistance totaling 170 hours to 40 women, while offering specialized support through its Fellowship program.
By contracting with bilingual and bicultural consultants to support its programs and enhancing its Monitoring, Evaluation, Accountability, and Learning (MEAL) system, Prospera ensures that its initiatives are effectively implemented and evaluated. The organization has also expanded its reach through community events, such as the "Poder femenino: Enamrate de ti." event and the annual Summit of Latina Entrepreneur, which attracted a combined total of 265 attendees.
Through partnerships with organizations like Visit.org, Prospera has further extended its impact by organizing workshops on Power and Privilege and presenting the documentary "Power of a Dream" to companies and their employees, positively affecting 100 individuals.
Prospera's commitment to empowering Latina entrepreneurs and fostering economic independence has made a significant contribution to immigrant communities in Oakland, CA, and beyond, creating opportunities for employment and leadership development.
This information is meant to be a general summary of Prospera Community Development. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,816
- Program Service Revenue: $12,500
- Gross Receipts: $1,097,286
Assets and Liabilities:
- Total Assets: $2,434,808
- Total Liabilities: $78,549
- Net Assets: $2,356,259
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Service fees
Revenue
$12,500
Organization Details
Founding Year
1994
Phone
(510) 695-2270Principal Officer
Claudia Arroyo
Main Address
1072 60th Street Unit 3, Oakland, CA, 94608
Website
www.prosperacoops.orgNTEE Category
Code: J20 - Employment
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