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Prospera Community Development

EIN 77-0373186 · Oakland, CA

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthFair63 out of 100GovernanceGood89 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

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.

Income
$1.5 million
Spending
$1.8 million
Spent on programs
64%
Reserves
18 months of spending
Largest source of income
donations and private grants, 80%
Employees
14
Volunteers
20
Highest pay
$125,532, executive dir.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Fair: 63 out of 100. Higher than 34% of charities in its peer group (employment, $1m to $10m).

  • Reserves

    35 of 35

    Spendable reserves would cover 18.0 months of spending.

  • Debt

    20 of 20

    It owes 4% of what it owns.

  • Living within its means

    0 of 15

    Spending exceeded income by 22% of income.

  • Income trend

    0 of 15

    Income fell 50% on the year before.

  • Spending floor

    8 of 15

    64% of spending went to programs and raising each dollar of donations cost 24 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Good: 89 out of 100. Higher than 44% of charities in its peer group (employment, $1m to $10m).

  • Independent board

    25 of 25

    7 of 7 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    7 of 7

    Has a written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    9 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (1)
  1. $1.1 million spent. - In 2024, we offered a total of 7 of our core courses - Explora Economas Alternativas, Lanza tu Cooperativa and Planea tu Negocio. Additionally, we provided 65 workshops as part of our Crece program.- We supported a total of 372 participants, and 150 participants graduated from the courses described above.- During this year, we have supported 17 business owners through the Acompaa program with tailored technical assistance and mentorship. - We provided 1,427 hours of 1:1 TA to more than 112 women.- We contracted with 8 new bilingual and bicultural consultants, added to the previous group for a total of 28 consultants, who provided business mentorship to support our Crece, Acompaa, and Vuela participants with workshops and individual TA during 2024.- Our participants received a total of nine loans for their businesses, totaling $38,500 in access to capital. - We supported a total of 4 fellows through our Vuela Program: Daphne Rizzo, founder of Pro-Realty Eco Cleaning Solutions - a business that provides eco friendly cleaning services for residential and enterprise customers- and Ingrid Sanchez, founder of Nios Sanos Seguros y Felices -a business that promotes wellness and an alternative education for families with children ages under 5- started their fellowship in 2024 receiving for the first year a stipend of $1500 per month and 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 entered in their second year as follows receiving tailored technical support, assistance accessing capital, one-on-one and group coaching and leadership opportunities.- Prospera launched a new cohort of its Facilitacin para Liberar[nos] program in January 2024 to train future course facilitators. 10 women joined, completing 17 hours of training, observing sessions, and co-facilitating classes. 7 have completed or are close to finishing the program. Two are now co-facilitating Planea to prepare for solo facilitation next cohort . 4 others will co-facilitate Explora in spring 2026 to support future courses and workshops.- We offered two training sessions to our collaborators (consultants, coaches, mentors), one on coaching techniques and another conversation on how to accompany our diverse community. 19 collaborators participated in this last training.- In March 2024, we celebrated Mujer: Historia, Voz y Sueos in honor of International Womens Day, an event that encouraged participants to come together to share their stories through artistic expressions, including a community mural, crocheting, and poetry. With 77 Latina entrepreneurs in attendance, the event provided a space to foster meaningful connections and inspire participants. - In October 2024, we celebrated our Eighth Annual Summit, themed "Human Libraries." Over 120 participants listened deeply to stories of migration, resilience, and entrepreneurship. Together, these events reminded us that when we come together with open hearts, we create more than gatheringswe create magic. More info about the Summit- In October, we joined the Latino Community Foundation to host a powerful Latina Equal Pay Day event, amplifying the voices of inspiring Latina entrepreneurs and welcoming leaders such as First Partner Jennifer Siebel Newsom, Senator Nancy Skinner, and Assemblywoman Mia Bonta. More than a conversation on wage equity, this gathering celebrated the wealth Latinas create for their families and communities. More information- 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. With each conversation, we deepen our commitment to cultivating collective power and creating spaces where Latina entrepreneurs can share their wisdom, struggles, and triumphs. The podcast garnered over 1,213 listens.- We implemented an annual survey in 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 our pursuit of creating organizational capacity, we dedicated our efforts to increasing the use rate of Slack to improve internal communications, Dashlane to manage the organizations group and individual passwords, and Asana to manage projects. We deployed our Salesforce Programs Build and initiated our Salesforce Fundraising Build, which is scheduled for deployment in 2025.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1994.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.