Hispanic Business Initiative Fund of Florida Inc. aka Prospera
Hispanic Business Initiative Fund of Florida Inc. aka Prospera
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About this organization
Mission
Prospera's mission is to help start, sustain, and grow Hispanic-owned businesses to achieve community prosperity.
About
One-on-one consulting: HBIF staff meet with business owners to assess the viability of the business idea and the job creation potential of the business venture. In-house staff advise clients as to the general business practices, financials, licenses/permits, and access to capital, among others. In-house consulting is provided bilingual and free of charge to the business owner. HBIF assisted 1,740 business owners across the state of Florida.
Interesting data from their 2020 990 filing
The non-profit's aim, as stated in the filing, is “To strengthen the economy of florida through quality business development and training to hispanic entrepreneurs.”.
When referring to its actions, they were outlined as: “Hbif is an economic development, nonprofit organization in florida specializing in providing bilingual assistance to hispanic entrepreneurs trying to establish or expand”.
- The non-profit has complied with legal obligations by reporting their state of operation as FL.
- The non-profit's address in 2020 is noted in the filing as 3201 East Colonial Drive Suite A20, Orlando, FL, 32803.
- The non-profit's form for 2020 reports a total of 31 employees.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $206,885.
- The salary policy for the CEO of the organization is established through a review and approval by an impartial party.
- The organization has 18 independent voting members.
- The organization was formed in 1995.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule J.
- The organization is required to file Schedule O.
- The organization pays $1,593,431 in salary, compensation, and benefits to its employees.
- The organization pays $734,947 in fundraising expenses.
- The organization has minutes of its meetings.
- The organization has fundraising events.
- The organization's financial statements were reviewed by an accountant.
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