Prosperity Lab

Organization Overview

Prosperity Lab is located in San Jose, CA. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Prosperity Lab employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosperity Lab is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Prosperity Lab generated $292.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 39.6% each year . All expenses for the organization totaled $319.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

PROSPERITY LAB SERVES MICRO-ENTERPRISES, SMALL BUSINESSES, ORGANIC BUSINESS, STUDENTS, LOW INCOME RESIDENTS, AND GUIDANCE ON ENTERPRENEURSHIP IN SANTA CLARA & SAN MATEO COUNTY

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDED A GRANT CALLED EAST SAN JOSE PEACE GRANT TO SMALL BUSINESS OWNERS DUE TO PANDEMIA FOR AN AMOUNT OF $50,500 INCLUDING 32 SMALL BUSINES OWNERS


AS PART OF THE FAIR WORK COLLABORATIVE: FACILITATED CASE MANAGEMENT, H.R TRAINING, AND EDUCATED SMALL BUSINESSES IN HUMAN RESOURCE TOPICS TO AVOID LABOR VIOLATIONS, IMPARTED COVID 19 POLICY, AND IMPLEMENTED BUSINESS GUIDANCE FOR OVER 400 SMALL BUINSESSES. WORKING PARTNERSHIPS PAYS US FOR


PROVIDED TRAINING FOR 225 SMALL BUSINESS OWNERS IN KEY AREAS: MARKETING, LEGAL FORMATION, FINANCE, BUSINESS MINDSET, BUSINESS COMPLIANCE. THE TRAINING WAS DELIVERED ONLINE, ON DEMAND, AND IN PERSON. RENAISSANCE


SANTA CLARA COUNTY HEALTH PAID US TO DO WEEKLY INFORMATIONAL OUTREACH ABOUT COVID 19 POLICIS, GUIDELINES, AND SAFETY AWARENESS


Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.

Board, Officers & Key Employees

Name (title)Compensation
Miriam M Hernandez
Executive Director
$15,400
Peter Sanchez
Chairman
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$292,908
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$292,908
Total Program Service Revenue$0
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $292,908

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Prosperity Lab has recieved totaling $161,646.

Awarding OrganizationAmount
Working Partnerships Usa

San Jose, CA

PURPOSE: Food Program

$126,646
Silicon Valley Community Foundation

Mountain View, CA

PURPOSE: Community Development

$35,000
View Grant Recipient Profile

Create an account to unlock the data you need.

or