Nonprofit · EIN 59-3341405
PROSPERA INITIATIVES INC
Tax-exempt · ORLANDO, FL 32803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,478,265 | $4,446,365 | $31,900 | $5,902,594 | $1,172,605 | $4,729,989 |
| September 30, 2024 | 990 | $4,013,533 | $4,098,095 | -$84,562 | $5,678,116 | $993,841 | $4,684,275 |
| September 30, 2023 | 990 | $4,183,260 | $3,410,614 | $772,646 | $5,831,817 | $1,138,593 | $4,693,224 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $4,408,962
- of which government grants
- $1,905,240
- Program service revenue
- $0
- Investment income
- $146,338
- Net gain from sales of assets
- -$1,002
- Net income from fundraising events
- -$78,635
- Other revenue
- -$77,035
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $824,836
- Other salaries and wages
- $1,504,697
- Salaries, compensation and benefits (total)
- $3,118,281
- Professional fundraising fees
- $0
- Legal fees
- $2,241
- Accounting fees
- $114,814
- Occupancy
- $218,562
- Travel
- $196,842
- Depreciation
- $70,335
- Program services (functional)
- $3,530,440
- Management and general (functional)
- $367,462
- Fundraising (functional)
- $548,463
Balance sheet and other
- Total assets, start of year
- $5,678,116
- Total assets, end of year
- $5,902,594
- Total liabilities, end of year
- $1,172,605
- Net assets, end of year
- $4,729,989
- Land, buildings and equipment
- $126,910
- Publicly traded securities
- $2,643,699
- Net assets without donor restrictions
- $4,037,281
- Net assets with donor restrictions
- $692,708
- Gross unrelated business income
- $1,600
- Gross receipts
- $4,618,988
- Employees
- 48
- Volunteers
- 99
- Year formed
- 1995
- State of legal domicile
- FL
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUGUSTO SANABRIA | CEO/PRESIDENT Officer | 40 | $317,632 | $52,829 |
| LUIS E OTERO | CFO Key employee | 40 | $187,530 | $26,431 |
| ALEXANDER SUEIRO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE BERMUDEZ | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| SHARON ARROYO | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| ALEX DOMINGUEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| AMANDA DIETZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CARLOS BRACKLEY | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CARLOS F ESCOBAR | VICE CHAIR Trustee or director | 1 | $0 | $0 |
| CAROLINA Y BLANCO | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| ELISHA GONZALEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| ISAAC JUAREZ | ASSISTANT TREASURER Trustee or director | 1 | $0 | $0 |
| KATE WILSON | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| LUIS ROSERO | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| LUZ AVILEZ | PAST CHAIR Trustee or director | 1 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIKE HERNANDEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 |
| RICK GONZALEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 |
| RUBEN PEREZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 |
| SHERRY AMBROSE | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 |
990 for the year ended September 30, 2024: 19 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUGUSTO SANABRIA | CEO/PRESIDENT Officer | 40 | $288,538 | $44,863 |
| LUIS E OTERO | CFO Key employee | 40 | $182,353 | $30,027 |
| ALEXANDER SUEIRO | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BORIS AYALA | PAST CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| GEORGE BERMUDEZ | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| LORI DUARTE-ROBERTS | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| LUZ AVILES | CHAIR Trustee or director, Officer | 1 | $0 | $0 |
| ALEX DOMINGUEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CARLOS BRACKLEY | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CARLOS F ESCOBAR | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| CAROLINA Y BLANCO | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| ELISHA GONZALEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| KATE WILSON | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| LUIS ROSERO | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| MERCEDES ANGELL | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| MIKE HERNANDEZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| RUBEN PEREZ | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| SHARON ARROYO | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
| SHERRY AMBROSE | DIRECTOR-AT-LARGE Trustee or director | 1 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| AUGUSTO SANABRIA | PRESIDENT/CEO Officer | 40 | $265,596 | $38,741 |
| LUIS E OTERO | CFO Key employee | 40 | $164,900 | $35,468 |
| BORIS AYALA | IMMEDIATE PAST CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LUZ AVILES | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| LORI DUARTE-ROBERTS | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| ALEXANDER SUEIRO | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| SHERRY AMBROSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MERCEDES ANGELL | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| SHARON ARROYO | DIRECTOR-AT-LARGE Trustee or director | 0.5 | $0 | $0 |
| GEORGE BERMUDEZ | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| CAROLINA Y BLANCO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CARLOS BRACKLEY | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| DELVIS DIAZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| ALEX DOMINGUEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| CARLOS F ESCOBAR | DIRECTOR-AT-LARGE Trustee or director | 0.5 | $0 | $0 |
| ELISHA GONZALEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| MIKE HERNANDEZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| LUIS ROSERO | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| RUBEN PEREZ | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
| KATE WILSON | DIRECTOR Trustee or director | 0.5 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3201 E COLONIAL DRIVE A-20, ORLANDO, FL 32803-5174
- In care of
- % AUGUSTO SANABRIA
- Principal officer (990 for 2024)
- AUGUSTO SANABRIA, 3201 E COLONIAL DRIVE A-20, ORLANDO, FL 32803
- Signed the 990
- AUGUSTO SANABRIA, CEO/PRESIDENT
- Phone
- (407) 413-8564
- Website
- www.prosperausa.org
- Return prepared by
- BDO USA
Mission
TO STRENGTHEN THE ECONOMY OF FLORIDA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.
Program accomplishments
- ONE-ON-ONE CONSULTING: PROSPERA 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 1,546 BUSINESS OWNERS ACROSS THE STATE OF FLORIDA.Expenses $1,646,195
- 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 265 BUSINESSES.Expenses $968,431
- EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA HAD OVER 2,901 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.Expenses $915,814
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 59-3341405
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1998
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S43Z)
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,478,265 | $4,446,365 | $5,902,594 | XML |
| 990-T | September 2025 | – | – | – | IRS |
| 990 | September 2024 | $4,013,533 | $4,098,095 | $5,678,116 | XML |
| 990-T | September 2024 | – | – | – | IRS |
| 990 | September 2023 | $4,183,260 | $3,410,614 | $5,831,817 | XML |
| 990-T | September 2023 | – | – | – | IRS |
| 990 | September 2022 | $3,295,480 | $2,947,028 | $4,303,069 | IRS |
| 990-T | September 2022 | – | – | – | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990-T | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 59-3341405).
Questions about PROSPERA INITIATIVES INC
- What is the EIN of PROSPERA INITIATIVES INC?
- The employer identification number (EIN) of PROSPERA INITIATIVES INC is 59-3341405.
- Is PROSPERA INITIATIVES INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1998.
- Are donations to PROSPERA INITIATIVES INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPERA INITIATIVES INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPERA INITIATIVES INC due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPERA INITIATIVES INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PROSPERA INITIATIVES INC?
- The 990 for the year ended September 30, 2025 names AUGUSTO SANABRIA.
- Who are the officers and directors of PROSPERA INITIATIVES INC?
- The 990 for the year ended September 30, 2025 lists 19 people; 2 received compensation from the organization, the highest $317,632 (AUGUSTO SANABRIA, CEO/PRESIDENT).
- How much revenue does PROSPERA INITIATIVES INC have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,478,265, expenses of $4,446,365 and total assets of $5,902,594 at year end.
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