North Carolina · Nonprofit
PROSPERA NORTH CAROLINA LLC
PROSPERA NORTH CAROLINA LLC (North Carolina) receives grants from 7 organizations whose IRS filings report $411,609 to it, the largest being The Bank of America Charitable Foundation Inc ($242,018). 3 of them have funded it in more than one year.
- Revenue FY2024
- $1.7M
- Funders on record
- 7
- Grants received
- $412k
- Net assets
- $1.7M
What Prospera North Carolina LLC does
Mission
To strengthen the economy of north carolina through quality business development and training to hispanic entrepreneurs.
As stated on its FY2024 Form 990.
Programs
One-on-one consulting: prospera's 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 399 business owners across the state of north carolina.
$432,700 spent47% of program spendingEducational assistance: orientation sessions provide basic information about how to start a business. Prospera workshop series offers training on specific topics that assist entrepreneurs in making critical decisions to achieve success. Prospera had over 660 attendees to the educational sessions offered in spanish and free of charge.
$246,475 spent27% of program spendingEntrepreneurial 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 26 businesses.
$236,801 spentof which $24,750 as grants26% of program spending
The 3 programs described on its FY2024 Form 990, listed largest first by expense. Program spending in total: $915,976.
The organization over time
Each line starts at 100 in 2020, so what you read is the shape rather than the size: 150 means half as much again as 2020, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2023 to 2024, from $1.3M to $1.9M (+46%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2020 25% · 2021 39% · 2022 45% · 2023 58% · 2024 64%. Grants only. Government contracts and fees sit inside program revenue.
99% of PROSPERA NORTH CAROLINA LLC’s revenue is contributions — more reliant on donations than three-quarters of its peers (81% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 1 of the last 5 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Augusto Sanabria
CEO/president
As listed on its FY2024 Form 990.
Who funds it, year by year
2020 → 2023: the base held at 2 funders, grant income rose $20k → $151k.
3 of 7 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 12% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $50k from one payer (the payer shares this organization's board, largest United Way of Greater Charlotte Inc). These are real filings, and they are not money PROSPERA NORTH CAROLINA LLC raised.
From the IRS filings of PROSPERA NORTH CAROLINA LLC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PROSPERA NORTH CAROLINA LLC leans on a few funders — its largest provides 59% of grant income and the top three 83%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
29% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PROSPERA NORTH CAROLINA LLC.
Largest funder’s share by year: 2020 75% · 2021 58% · 2022 75% · 2023 67% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
94% of PROSPERA NORTH CAROLINA LLC's grant income comes from North Carolina funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $50k arriving through sponsors registered in 3 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PROSPERA NORTH CAROLINA LLC runs a healthier operating margin than three-quarters of the 11,263 human services nonprofits its size.
this organization peer median middle 50% of peers· 11,263 human services nonprofits $1M–$10M, FY2024
Organizations like PROSPERA NORTH CAROLINA LLC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In North Carolina
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
73% of spending goes to programs.
Governance
Footprint & structure
Files a return copy in 1 state
Part of a family of 3 related entities
- Hispanic Business Initiative Fund Nationwide Inc · exempt
- Hispanic Business Initiative Fund Inc · exempt
- Prospera Georgia LLC · exempt
Screen this organization
A dated, signed PDF of the compliance screen for PROSPERA NORTH CAROLINA LLC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PROSPERA NORTH CAROLINA LLC?
- PROSPERA NORTH CAROLINA LLC (North Carolina) receives grants from 7 organizations whose IRS filings report $411,609 to it, the largest being The Bank of America Charitable Foundation Inc ($242,018). 3 of them have funded it in more than one year.
- How many funders does PROSPERA NORTH CAROLINA LLC have?
- IRS filings report 7 organizations giving $411,609 in grants to PROSPERA NORTH CAROLINA LLC, 3 of which have funded it in more than one year.
- Who is the largest funder of PROSPERA NORTH CAROLINA LLC?
- The Bank of America Charitable Foundation Inc is the largest funder on record, with $242,018 in grants. The full list of funders is on this page.
- How can an organization like PROSPERA NORTH CAROLINA LLC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in North Carolina. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Prospera North Carolina LLC →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2020–2024), and the filings of 7 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing