Prosperity Lab serves micro-enterprises, small businesses, organic business, students, low income residents, and guidance on enterpreneurship in santa clara & san mateo county

501(c)(3) charity; gifts are tax-deductible.
57¢ of each $1 spent went to programs.
Run by 4 volunteers and 2 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 4
filings with a surplus
Average surplus $140K a year · 23% of revenue · last 4 filings
Fine: a surplus in 3 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$182K
to officers and key staff · 31% of spending
Concern: pay to officers and key staff is 31% of spending; over 30%.
Pt VII · Sec A
3 mo
of spending, in cash
Looks good: 3.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $173K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 7 voting members
Worth a look: 1 of 7 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$754K
-0.8% vs prior year
Spent
$592K
To programs
57%
Net assets
$161K
By yearFY2020–FY2024
Revenue
$754K
FY2024▼ -0.8%
Tap a bar for its year
Revenue by fiscal year
FY2020$150K
FY2021$293K
FY2022$641K
FY2023$760K
FY2024$754K
Expenses
$592K
FY2024▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020Not on file
FY2021$320K
FY2022$424K
FY2023$551K
FY2024$592K
Net assets
$161K
FY2024
Tap a bar for its year
Net assets by fiscal year
FY2020$88K
FY2021$24K
FY2022$0
FY2023$0
FY2024$161K

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

57 cents of each dollar spent went to programs.

Program services 57% · $339K Management & general 37% · $218K Fundraising 6% · $35K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

24 people listed on the 990; $182K paid to officers and key staff.

Part VII, Section A · reportable compensation
$89,438Pt VII · Sec A
$50,319Pt VII · Sec A
$25,961Pt VII · Sec A
$15,809Pt VII · Sec A
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A
Member at Large
$0Pt VII · Sec A

Miriam M Hernandez’s $89K as President is at the 65th percentile of top reported officer pay among 1709 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Miriam M Hernandez$89,438$100,540$65,475$15,400$5,600
Alicia Hernandez$50,319$46,825$24,850$5,298—
Brianna Ricardez$25,961$27,997$34,238$15,661—
Loren Cruz Sandoval$15,809————
Brandon R Jordan—$14,297———
Jaimes Meiko———$11,438—
Mirima M Hernandez———$5,600—
Luis Leal————$3,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Empowers micro-enterprises and small businesses with entrepreneurship guidance in Santa Clara and San Mateo Counties.

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Provided by the organization

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3 programs · $339K · in their own filed words · FY2024
01

Our Digigal Equity Lab provided digital tools training to help develop a web presence to over 122 women-owned businesses in Californias central valley and developed and launched 41 new websites. We provided resources and information on digitizing your business to ver 352 businesses.

$308Kprogram expense
02

Provided human resources business skills training, mentoring and shared resources to remedy HR compliance issues to over 500 unique business. Served food service industry businesses in HR Training, provided operation certification trainings and mentoring to avoid labor violations and unique food service businesses in Santa Clara County

$31Kprogram expense
03

Provided small mini grants to cohort programs participants raging between $500 to $1000 to be utilized towards their business programs

$500program expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$173K
See all 3 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$754K
Ln 12
Gifts and grantsLn 1h$754K
Money outPt IX
$592K
Ln 25
Programscol B$339K
Managementcol C$218K
Fundraisingcol D$35K
Owns and owesPt X
$161K
net assets · Ln 32
Cash and savingsLn 1–2$161K
Total assetsLn 16$161K
LiabilitiesLn 26$0
PeoplePt VI, VII
24
listed · VII A
PaidVII A4
Voting boardVI 1a7
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$754K
Government grantsLn 1e$460K
Total revenueLn 12$754K
Assets in detailPt X, end of year
CashLn 1$161K
Cash and savings togetherLn 1–2$161K
Total assetsLn 16$161K
LiabilitiesLn 26$0
Net assetsLn 32$161K
OperationsPt I, VI
EmployeesI 52
VolunteersI 64
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$161K
Total assetsLn 16$0$161K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$161K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$89K$0$89K$0
Other salaries and wagesLn 7$92K$50K$26K$16K
Payroll taxesLn 10$7K$4K$2K$1K
Management feesLn 11a$268K$268K$0$0
Legal feesLn 11b$170$0$170$0
Accounting feesLn 11c$6K$0$6K$0
Advertising and promotionLn 12$12K$3K$8K$1K
Office expensesLn 13$26K$240$26K$0
Information technologyLn 14$15K$1K$14K$0
OccupancyLn 16$35K$0$35K$0
TravelLn 17$13K$8K$0$5K
Conferences, conventions and meetingsLn 19$17K$3K$2K$12K
Depreciation, depletion and amortizationLn 22$4K$0$4K$0
InsuranceLn 23$5K$0$5K$0
Other expenses (24a–d)Ln 24$750$750$0$0
All other expensesLn 24e$360$360$0$0
Total functional expensesLn 25$592K$339K$218K$35K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $754K$592K$161K$161K 990 PDF
FY2023 $760K$551K$208K$0 990 PDF
FY2022 $641K$424K$217K$0 990 PDF
FY2021 $293K$320K−$27K$24K 990 PDF
FY2020 $150K$88K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $753,622 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $730,245$753,622
I-9 Program service revenuePrior year $29,465$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $759,710$753,622
I-13 Grants and similar amounts paidPrior year $32,075$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $197,296$188,572
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $322,027$403,698
I-18 Total expensesPrior year $551,398$592,270
I-19 Revenue less expensesPrior year $208,312$161,352
Part VI · Governance 1 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members1
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $753,622 across 6 lines filed
VIII-1b Membership dues−$1,788
VIII-1d Related organizations−$1,000
VIII-1e Government grants$459,964
VIII-1f All other contributions, gifts and grants$296,446
VIII-1h Total contributions, gifts and grants$753,622
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$753,622
Part IX · Statement of functional expenses $592,270 across 16 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $0 · Management $89,438 · Fundraising $0$89,438
IX-7 Other salaries and wagesPrograms $50,319 · Management $25,961 · Fundraising $15,809$92,089
IX-10 Payroll taxesPrograms $3,850 · Management $1,986 · Fundraising $1,209$7,045
IX-11a Management feesPrograms $268,424 · Management $0 · Fundraising $0$268,424
IX-11b Legal feesPrograms $0 · Management $170 · Fundraising $0$170
IX-11c Accounting feesPrograms $0 · Management $6,447 · Fundraising $0$6,447
IX-12 Advertising and promotionPrograms $3,059 · Management $7,648 · Fundraising $1,207$11,914
IX-13 Office expensesPrograms $240 · Management $25,756 · Fundraising $0$25,996
IX-14 Information technologyPrograms $1,320 · Management $14,149 · Fundraising $0$15,469
IX-16 OccupancyPrograms $0 · Management $35,488 · Fundraising $0$35,488
IX-17 TravelPrograms $7,565 · Management $0 · Fundraising $5,054$12,619
IX-19 Conferences, conventions and meetingsPrograms $3,420 · Management $1,610 · Fundraising $11,734$16,764
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $4,337 · Fundraising $0$4,337
IX-23 InsurancePrograms $0 · Management $4,960 · Fundraising $0$4,960
IX-24 Other expenses (24a–d)Programs $750 · Management $0 · Fundraising $0$750
IX-24e All other expensesPrograms $360 · Management $0 · Fundraising $0$360
IX-25 Total functional expensesPrograms $339,307 · Management $217,950 · Fundraising $35,013$592,270
Part X · Balance sheet $161,352 assets, 6 lines filed
X-1 Cash, non-interest-bearing$161,352
X-16 Total assetsStart of year $0$161,352
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$161,352
X-32 Total net assets or fund balancesStart of year $0$161,352
X-33 Total liabilities and net assetsStart of year $0$161,352
Part XI · Reconciliation of net assets $161,352 net assets at year end
XI-1 Total revenue$753,622
XI-2 Total expenses$592,270
XI-3 Revenue less expenses$161,352
XI-10 Net assets at end of year$161,352

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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