Prospera Community Development
Prospera Community Development
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About this organization
Mission
Prospera partners with Latina entrepreneurs to launch social enterprises that foster cooperation, economic independence, and well-being in immigrant communities. Our comprehensive, culturally specific programs address the unique challenges and the immense resourcefulness that Latina immigrants bring. Through our programs, Latina entrepreneurs come together in a safe space to take risks and access the tools and the capital they need to achieve economic independence and well-being.
About
2018 Program accomplishmentsOutreach and Community Education ProgramsProspera held the Second Annual Summit for Latina Entrepreneurs in partnership with the City of Oakland with a total of 161 participants: 92 were Latina entrepreneurs from across the Bay Area.Prospera partnered with Ganbriela Arvizu a collaborator, entrepreneur, freelance and audiovisual artist to create and launch The Power of a Dream, a series of short videos documenting the lives of Latina immigrant entrepreneurs featuring 3 of our more successful cooperative founders.Prosperas staff and 11 entrepreneurs attended the National Cooperative Conference in LA and led several workshops on power and privilege, coaching and conflict management, reaching approximately 130 Latinx worker owners and coop developers from across the country.Core Programs - entrepreneurship, leadership development and cooperative business ownership54 women graduated from our in-house program with 97% retention rate, from our fundamentals course on cooperative business ownership called Explora.Prosperas incubation program called CRECE tu Cooperativa (Spanish, GROW your cooperative) had 6 very active businesses that supported one another to grow their respective cooperative businesses through the year.Prospera piloted a brand-new program called nete a una Cooperativa (Join a Cooperative) that supported Explora graduates to join existing cooperatives as worker owners.Pepitos Paletas & Professional Eco Cleaning both presented a 100% income growth from last year. Professional Eco Clean (PEC) also celebrated their 2nd anniversary.2018 Fellows graduated from a year-long commitment of growth and learning. The first fellowship focused on Marketing and Social media. This fellow role was instrumental in promoting the 2018 Summit and Prosperas programs. The second fellowship focused on indigenous cooperatives best practices a research that helped this fellow to be able to led various workshops on "The 7 Zapatista Principles" and also a co-facilitate several Explora workshops.Prospera organized 4 tours with successful coops - Cheese Board Collective, Arizmendi Valencia, Hasta Muerte Caf & Rainbow Grocery for the Explora and CRECE participants. Prosperas new partnerships with Kiva loans and Centro trainings helped KaranyArts to leverage a second loan to help grow its business.
Interesting data from their 2020 990 filing
The non-profit's mission is outlined in the filing as being “Prosperas cooperative development program provides intensive training, coaching, and technical assistance to low-income latinas to cultivate leadership, grow successful cooperatives, and transform communities.”.
When outlining its responsibilities, they were referred to as: “Prosperas cooperative development program provides intensive training, coaching, and technical assistance to low-income latinas to cultivate leadership, grow successful cooperatives, and transform communities.”.
- The state in which the non-profit operates has been officially reported as CA.
- The filing reveals the non-profit's address in 2020 to be 1470 Fruitvale Ave 1, Oakland, CA, 94601.
- As per the non-profit's form for 2020, they have 5 employees on their payroll.
- 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 between $500,000 and $1,000,000+.
- Revenue is between $250,000 and $500,000.
- Revenue less expenses is -$203,641.
- The CEO salary policy within the organization is subject to review and endorsement by an impartial party.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 8 independent voting members.
- The organization was formed in 1994.
- 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 O.
- The organization pays $356,243 in salary, compensation, and benefits to its employees.
- The organization pays $43,452 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization has fundraising events.