NonprofitsProsperity Lab

Community Improvement & Capacity Building

Prosperity Lab

SAN JOSE, CA

Total revenue

$754K

Total expenses

$592K

Net assets

$161K

Grants received

$633K

12 grants

EIN

850495873

Tax year

2024

Mission

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

Programs

2 programs

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

Expenses: $31K

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.

Expenses: $308K

Financials

FY 2024

Revenue

Contributions & grants$754K
Program service revenue
Investment income
Other revenue
Total revenue$754K

Expenses

Grants paid
Salaries & benefits$189K
Fundraising$35K
Other expenses$404K
Total expenses$592K
Total assets$161K
Net assets$161K

People

7 listed

NameRoleCompensation

MIRIAM M HERNANDEZ

PRESIDENT

Board

$89K

40 hrs/wk

CONNIE ALVAREZ

VICE PRESIDENT

Board

1 hrs/wk

REYNA FERNANDEZ

MEMBER AT LARGE

Board

0.25 hrs/wk

JORGE G CARRASCO

MEMBER AT LARGE

Board

0.25 hrs/wk

MARIA FIDELINA SOLE

SECRETARY

Board

1 hrs/wk

CLAUDIA LOPEZ

MEMBER AT LARGE

Board

0.25 hrs/wk

ANTONIO AGUILAR JR

MEMBER AT LARGE

Board

0.25 hrs/wk

Grants received

Showing 12 of 12

FromAmountPurposeYear
$87K
Wage theft education and outreach
2024
$79K
TO PROVIDE TWO-YEAR FLEXIBLE FUNDING TO PROSPERITY LAB, A LATINX-LED ORGANIZATION THAT SUPPORTS SMALL BUSINESSES IN SANTA CLARA COUNTY THROUGH TRAINING, 1:1 TECHNICAL ASSISTANCE, AND CONVENING.
2024
$7K
BUILDING CIVIC POWER
2024
$101K
General outreach and training
2023
$75K
GENERAL OPERATING SUPPORT GRANT
2023
$50K
Community Development
2023
$10K
PUBLIC, SOCIETAL BENEFIT
2023
$75K
GENERAL OPERATING SUPPORT
2022
$70K
Food Program
2022
$40K
Community Development
2022
$28K
Fair Workplace Collaborative
2020
$11K
For grant recipient's exempt purposes
2020

Funded by

$633K from 6 funders · 12 grants · 2020–2024

Working Partnerships USA

$286K · 4 grants · 2020–2024

The Sobrato Family Foundation

$229K · 3 grants · 2022–2024

Silicon Valley Community Foundation

$90K · 2 grants · 2022–2023

Latino Community Foundation

$7K · 1 grant · 2024

Details

EIN850495873
NTEE codeS30
Subsection03
Ruling date2020-06
Formed2021
Employees0
Volunteers6
PROSPERITY LAB — Mission, Financials & Grants Received | Grantivo