PROSPERA GEORGIA LLC

EIN: 853544419 501(c)(3) Community Improvement

ATLANTA, GA

Total Revenue
$452,756
Total Expenses
$540,648
Total Assets
$386,503
Net Assets
$175,644
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
GA
Phone
4074138564
Tax Period
2023-10-01 to 2024-09-30

PROSPERA GEORGIA LLC, founded in 2020, is a small nonprofit in the Community Improvement sector that reported $453K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring. Expenses of $541K exceeded revenue, resulting in a 19% operating deficit.

Mission

TO STRENGTHEN THE ECONOMY OF GEORGIA THROUGH QUALITY BUSINESS DEVELOPMENT AND TRAINING TO HISPANIC ENTREPRENEURS.

Program Service Accomplishments

Program 1
Expenses: $155,032

ONE-ON-ONE CONSULTING: PROSPERA GEORGIA LLC 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...

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ONE-ON-ONE CONSULTING: PROSPERA GEORGIA LLC 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 GEORGIA LLC ASSISTED 244 BUSINESS OWNERS ACROSS THE STATE OF GEORGIA.

Program 2
Expenses: $102,143

EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST...

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EDUCATIONAL ASSISTANCE: ORIENTATION SESSIONS PROVIDE BASIC INFORMATION ABOUT HOW TO START A BUSINESS. THE HISPANIC BUSINESS WORKSHOP SERIES OFFERS TRAINING ON SPECIFIC TOPICS THAT ASSIST ENTREPRENEURS IN MAKING CRITICAL DECISIONS TO ACHIEVE SUCCESS. PROSPERA GEORGIA LLC HAD OVER 416 ATTENDEES TO THE EDUCATIONAL SESSIONS OFFERED IN SPANISH AND FREE OF CHARGE.

Program 3
Expenses: $87,524

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...

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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 29 BUSINESSES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $452,756
Program Service Revenue $0
Investment Income $0
Other Revenue $0
TOTAL REVENUE $452,756

Expense Breakdown

Grants Paid $20,975
Salaries & Benefits $350,922
Fundraising Expenses $135,127
Program Expenses $344,699
Other Expenses $168,751
TOTAL EXPENSES $540,648

Year-over-Year Comparison

2023 2022 Change
Revenue $452,756 $578,444 -0.2%
Expenses $540,648 $369,832 +0.5%
Net Income $-87,892 $208,612 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
4
Employees
3
Volunteers
18

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$333,401
Total Directors
5
$333,401
Key Employees
1
$212,380
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ALEXANDER SUEIRO TREASURER 1.0
Officer Director
$0 $0 $0
AUGUSTO SANABRIA CEO/PRESIDENT 2.5
Officer Director
$0 $44,863 $333,401
GEORGE BERMUDEZ VICE CHAIR 1.0
Officer Director
$0 $0 $0
LORI DUARTE-ROBERTS SECRETARY 1.0
Officer Director
$0 $0 $0
LUZ AVILES CHAIR 1.0
Officer Director
$0 $0 $0
LUIS E OTERO CFO 2.5
Key Emp
$0 $30,027 $212,380
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 $452,756 $540,648 $386,503 $-87,892
2023 $578,444 $369,832 $288,138 $208,612
2022 $237,902 $241,050 $236,414 $-3,148
2021 $91,500 $33,428 $97,418 $58,072
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