Propl EIN 87-1457736 Form 990 (PDF) Claim this org

Propl FY2023 filing

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Empowering leaders to improve education for millions of children in Latin America. For fiscal year 2023 it reported $706K in revenue, $444K in expenses, and $391K in net assets.Pt I

Founded
2021
Type
Public charity (501(c)(3)) · Education
Location
Los Angeles, CA
Filings
4 on file (2022–2023)
Revenue
$706KFY2023
Expenses
$444K
Net assets
$391K
People
7
Filings
4
Updates
0
More identity details & actions ⌄
EIN  87-1457736 Public charity (501(c)(3)) Los Angeles, CA Founded 2021
Form 990 (PDF)
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Empowering leaders to improve education for millions of children in Latin America.
Leadership
Maria Sierra Perea · Chief Program Officer · $112K
Money in and out
$706K revenue, $444K expenses
Bottom line
88% program efficiency
Where the money goes · FY2023
Total revenue
$706K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$391K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $262K
Where spending went · Part IX cols B–D
Program services $0.88 Management & general $0.06 Fundraising $0.05
Program efficiency
88%
of spending reaches programs
Operating runway
10.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+37%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2023 · Form 990
Revenue
$706K
FY2023▲ +69%
Expenses
$444K
FY2023▲ +46%
Total assets
$393K
FY2023▲ +200%
Total liabilities
$2K
FY20230%
Total revenue
$706K
Pt VIII · Ln 12
Total expenses
$444K
Pt IX · Ln 25
Net assets
$391K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$262K
Total assetsPt X · Ln 16$393K
Program-expense ratioPt IX · col B88%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 43

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPropl
EINHdr · item D87-1457736
Principal addressHdr · item CLos Angeles, CA
WebsiteHdr · item Jnone reported
Year of formationHdr · item L2021
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFEducation (B01)
Ruling yearIRS BMFApr 2022

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b3
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Chief Program Officer
$112,000Pt VII · Sec A
Director Chief Operating Officer
$37,372Pt VII · Sec A
Director Chief Executive Officer
$35,000Pt VII · Sec A
Director Chief Financial Officer
$0Pt VII · Sec A
Director Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Maria Sierra Perea’s $135K as Director and Chief Operating Officer is at the 93rd percentile of top reported officer pay among 1616 $100K–1M education 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Maria Sierra Perea$134,769$126,619$112,000$82,639
Claudia Belmont$130,081$34,149$35,000$37,917
Vijay Raghunathan$70,000
Vijay Ragunathan$37,372

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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Mission & Programs · Part III

Where the work happens

3 program services account for $392K of program spending, described in the organization's own filed words · FY2023.
01

We conducted 2 10-week virtual cohort based programs supporting 54 nonprofits to learn and leverage technology and data to streamline operations and scale their impact in Latin American education.

$287Kprogram expense
02

Developed experiences to connect tech talent to social impact causes in Latin America through Skill-based volunteering.

$55Kprogram expense
03

Increase the digital capabilities of social organizations to amplify their impact. Executed "Sprints" for 26 Latin American non-profits that focused on technology education and adoption in order for them to increase their fundraising and impact efforts.

$50Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$685K · 97%
Program service revenue$22K · 3%
Contributions & grants97%$685K
Program service revenue3%$22K
Investment income$25
Total revenueLn 12$706K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.88 Management & general $0.06 Fundraising $0.05
Program services88%$392K
Management & general6%$28K
Fundraising5%$24K
Total functional expensesLn 25$444K

Balance Sheet

Part X · end of year
CashLn 1$391K
Total assetsLn 16$393K
Total liabilitiesLn 26$2K
Total net assetsLn 32$391K
Months of cash on handcomputed10.6

Financial Metrics

Form 990 · FY2023 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $391K · Operating expenses/yr $444K
10.6 months
Where the money goes
Program services
Program services $392K · Total expenses $444K
88%
Management & General
Management & general $28K · Total expenses $444K
6%
Fundraising
Fundraising $24K · Total expenses $444K
5%
Cost to raise $1
Fundraising expense (2-yr avg) $28K · Solicited contributions (2-yr avg) $550K
$0.05 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $685K · Total revenue $706K
97%
Government reliance
Government grants $0 · Total revenue $706K
0%
Earned-income share
Program service revenue $22K · Total revenue $706K
3%
Investment reliance
Investment income $25 · Total revenue $706K
<0.01%
Program self-sufficiency
Program service revenue $22K · Total expenses $444K
5%
Growth & trend
Revenue growth (YoY)
This year $706K · Prior year $418K
+69%
Net-asset trend (YoY)
End of year $391K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $706K · Expenses $444K
+37%
Liabilities-to-Assets
Total liabilities — · Total assets $393K
Net-asset ratio
Net assets $391K · Total assets $393K
99%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $0 · Other securities (Pt X, ln 12) $0 · Total assets (Pt X, ln 16) $393K
0%
People & payroll
Highest Reported Total Compensation
Individual Maria Sierra Perea · Reported title Chief Program Officer · Highest reported compensation $112K · Total expenses $444K
25%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $196K · Total expenses $444K
44%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 88%
Overhead ratio 6%
Fundraising cost ratio 3%
Revenue growth 69%
Investment management fee ratio 0%
Legal fee ratio 2%
Accounting fee ratio 0.8%
Fundraising fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$165K
Grants paid · 2 grants · $320K · 2024–2025
Resource Foundation INCNY · FY2025$160,000
Resource Foundation INCNY · FY2024$160,000

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$743K revenue · ⤓ 990 PDF
FY2024$974K revenue · ⤓ 990 PDF
FY2023$706K revenue · viewing · ⤓ 990 PDF
FY2022$418K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2023IRS
Classification, formation year, addressIRS Business Master File
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