2024-08-12T16:02:25-05:00 2023-09-30 BDO USA 450 S Orange Ave Suite 550 Orlando FL 32801 990 2022-10-01 821629344 PROSPERA NORTH CAROLINA LLC % AUGUSTO SANABRIA PROS 4074285872 3201 E COLONIAL DRIVE Suite A-20 ORLANDO FL 32803 AUGUSTO SANABRIA PRESIDENT/CEO 4074285872 2024-08-06 true Jacob Cook P01240455 4078416930 2022 2024-08-08 14:25:15Z AUGUSTO SANABRIA 3201 E COLONIAL DRIVE A-20 ORLANDO FL 32803 1519000 false X WWW.PROSPERAUSA.ORG X LLC 2017 NC PROSPERA NC IS AN ECONOMIC DEVELOPMENT, NONPROFIT ORGANIZATION IN NC SPECIALIZING IN PROVIDING BILINGUAL ASSISTANCE TO HISPANIC ENTREPRENEURS TRYING (CONTINUED ON SCHEDULE O) 5 4 6 18 0 0 486702 1506691 0 0 1433 12309 0 0 488135 1519000 20700 12125 0 0 420252 670188 0 0 151544 129040 177707 569992 860020 -81857 658980 750207 1328254 313679 235221 436528 1093033 TO STRENGTHEN THE ECONOMY OF NORTH CAROLINA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS. false false 310021 0 0 ONE-ON-ONE CONSULTING: PROSPERA'S 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. PROSPERA ASSISTED 362 BUSINESS OWNERS ACROSS THE STATE OF NORTH CAROLINA. 173726 0 0 EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. PROSPERA WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA HAD OVER 845 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE. 166823 0 0 ENTREPRENEURIAL GRANTS: PROSPERA'S GRANTS ALLOW STARTUPS AND EXISTING BUSINESSES TO RECEIVE ADVANCED BUSINESS DEVELOPMENT SERVICES AT NO OR MINIMAL COST, COMPLETED BY SUBCONTRACTED PROVIDERS PAID BY PROSPERA. THE GRANTS OFFERED BY PROSPERA INCLUDE: LEGAL STRUCTURE ASSESSMENT, ACCOUNTING ASSESSMENT, BUSINESS PLAN DEVELOPMENT, MARKETING PLAN, CORPORATE BRANDING, WEB PAGE CREATION, QUICKBOOKS TRAINING, AND LOAN APPLICATION PREPARATION. PROSPERA AWARDED ENTREPRENEURIAL GRANTS TO 18 BUSINESSES. 650570 true true false false false false false false false true false false false true true false true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false true 9 0 true 6 true false false false false false false false false false false false false X 5 4 false false false false true true false true true false true true false true true true false false true true false NC X X AUGUSTO SANABRIA 4074285872 3201 EAST COLONIAL DRIVE SUITE A20 ORLANDO FL 32803 AUGUSTO SANABRIA PRESIDENT/CEO 1.0 42.0 X X 0 265596 38741 LUIS E OTERO CFO 1.0 42.0 X 0 164900 35468 LUZ AVILES CHAIR 1.0 4.0 X X 0 0 0 GEORGE BERMUDEZ VICE CHAIR 1.0 4.0 X X 0 0 0 LORI DUARTE-ROBERTS SECRETARY 1.0 4.0 X X 0 0 0 ALEXANDER SUEIRO TREASURER 1.0 4.0 X X 0 0 0 0 430496 74209 0 false true false 0 876431 630260 1506691 0 12309 12309 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1519000 12309 12125 12125 0 0 0 261591 159614 20755 81222 0 269102 251148 8492 9462 3338 2626 268 444 98369 75713 7335 15321 37788 29814 2129 5845 0 0 22205 16349 2858 2998 0 0 0 31012 31012 7754 7193 161 400 18025 15362 2433 230 21200 16200 1900 3100 0 11684 11100 584 45021 39985 4979 57 0 9822 9822 0 0 2845 2134 142 569 1600 1300 300 BANK SERVICE CHARGE 5326 5326 OTHER ASSOCIATES BENEFITS 1120 49 1071 TAX - OTHER 93 36 57 860020 650570 57906 151544 263632 936051 0 0 184291 61446 0 0 0 0 0 0 0 0 0 0 684 740 21762 6799 7591 14963 294009 303621 0 0 0 0 0 0 0 11433 750207 1328254 27487 22404 0 0 0 0 0 0 0 0 0 0 0 0 0 0 286192 212817 313679 235221 X 417778 836604 18750 256429 436528 1093033 750207 1328254 X 658980 -1327 -1148 X false true X true false X X 1 HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA INC 593341405 7 false 0 0 1 0 0 true false false false false false false false false false false false false false false true false RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 18240 6799 11441 3522 3522 14963 0 INTERCOMPANY TRANSACTIONS 201384 LEASE LIABILITY 11433 212817 X SCHEDULE D, PART X, LINE 2: THE ORGANIZATION IDENTIFIES AND EVALUATES UNCERTAIN TAX POSITIONS, IF ANY, AND RECOGNIZES THE IMPACT OF UNCERTAIN TAX POSITIONS FOR WHICH THERE IS A LESS THAN MORE LIKELY-THAN-NOT PROBABILITY OF THE POSITION BEING UPHELD WHEN REVIEWED BY THE RELEVANT TAXING AUTHORITY. SUCH POSITIONS ARE DEEMED TO BE UNRECOGNIZED TAX BENEFITS AND A CORRESPONDING LIABILITY IS ESTABLISHED ON THE STATEMENT OF FINANCIAL POSITION. THE ORGANIZATION HAS NOT RECOGNIZED A LIABILITY FOR UNCERTAIN TAX POSITIONS. IF THERE WERE AN UNRECOGNIZED TAX BENEFIT, THE ORGANIZATION WOULD RECOGNIZE INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSE AND PENALTIES IN OPERATING EXPENSES. THE ORGANIZATION'S TAX YEARS SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE GENERALLY REMAIN OPEN FOR THREE YEARS FROM THE DATE OF FILING. false false false false false false false false false AUGUSTO SANABRIA PRESIDENT/CEO 0 265596 0 0 0 10712 0 28029 0 304337 0 0 LUIS E OTERO CFO 0 164900 0 0 0 0 0 16371 0 19097 0 200368 0 0 SCHEDULE J, PART I, LINE 3: THE PRESIDENT/CEO'S SALARY AND PERFORMANCE REVIEW IS DONE BY THE EXECUTIVE COMMITTEE OF THE HISPANIC BUSINESS INITIATIVE FUND BOARD, A RELATED ENTITY, ON AN ANNUAL BASIS. AS PART OF THE REVIEW, AN INDEPENDENT COMPENSATION CONSULTANT WAS HIRED, WHICH RESEARCH INCLUDED LOCAL AND NATIONAL COMPENSATION PACKAGES AWARDED TO OTHER NON-PROFIT ORGANIZATIONS REPORTED ON SALARY SURVEYS AND FORM 990S. FORM 990, PART I, LINE 1 (CONTINUED): TO ESTABLISH OR EXPAND THEIR BUSINESS IN NORTH CAROLINA. PROSPERA'S QUALITY YEAR-ROUND PROFESSIONAL SERVICES INCLUDE EDUCATIONAL PROGRAMS, INDIVIDUAL CONSULTING AND TECHNICAL ASSISTANCE, ENTREPRENEURIAL GRANTS FOR SUBCONTRACTED SERVICES, AND LOAN FACILITATION. FORM 990, PART VI, SECTION A, LINE 6: THE COMPANY IS A SINGLE MEMBER LIMITED LIABILITY COMPANY. THE COMPANY'S SOLE MEMBER IS HISPANIC BUSINESS INITIATIVE FUND OF FLORIDA, INC. FORM 990, PART VI, SECTION A, LINE 7A: EACH OFFICER OTHER THAN THE PRESIDENT SHALL BE APPOINTED FROM AMONG THE MANAGERS OF THE COMPANY BY THE BOARD OF MANAGERS AND APPROVED BY THE MEMBER AND SHALL SERVE A TERM OF ONE YEAR AND UNTIL HIS OR HER SUCCESSOR HAS BEEN ELECTED AND QUALIFIED, OR UNTIL HIS OR HER DEATH, ADJUDICATION OF INCOMPETENCY, RESIGNATION, OR REMOVAL. THE PRESIDENT SHALL BE EMPLOYED BY THE BOARD OF MANAGERS (AFTER APPROVAL BY THE MEMBER). FORM 990, PART VI, SECTION B, LINE 11: THE PRESIDENT/CEO AND BOARD TREASURER REVIEW FORM 990. FORM 990, PART VI, SECTION B, LINE 12C: OUR OPERATING POLICY PROHIBITS TO PROVIDE GRANTS TO BOARD MEMBERS OR IMMEDIATE FAMILY MEMBERS. THEY ARE REQUIRED TO ANNUALLY SIGN A DECLARATION OF CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A: THE PRESIDENT/CEO'S SALARY AND PERFORMANCE REVIEW IS DONE BY THE EXECUTIVE COMMITTEE OF THE BOARD OF A RELATED ORGANIZATION ON AN ANNUAL BASIS. AS PART OF THE REVIEW, AN INDEPENDENT COMPENSATION CONSULTANT WAS HIRED, WHICH RESEARCH INCLUDED LOCAL AND NATIONAL COMPENSATION PACKAGES AWARDED TO OTHER NON-PROFIT ORGANIZATIONS REPORTED ON SALARY SURVEYS AND FORM 990S. FORM 990, PART VI, SECTION C, LINE 19: THE ORGANIZATION MAKES ITS RECORDS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9, RECONCILIATION OF NET ASSETS: BOOK VALUE OF LAPTOP WRITTEN OFF: $(1,148) Hispanic Bus Initiative Fund Nationwide 3201 E Colonial Dr Suite A20 orlando FL 32803 043589150 ECON DEV FL 501(c)(3) 7 HBIF false Hispanic Business Initiative Fund of Fl 3201 E Colonial Dr Suite A20 orlando FL 32803 593341405 ECON DEV FL 501(c)(3) 7 NA false PROSPERA GEORGIA LLC 2750 Buford Hwy NE Atlanta GA 30324 853544419 ECON DEV GA 501(C)(3) 12(A)TYPE I HBIF false false false false false false false false false false false false false false false true false false true false