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Prospera Community Development

aka Prospera   |   Oakland, CA   |  www.prosperacoops.org

Mission

Prospera partners with Latina entrepreneurs to launch social enterprises that foster cooperation, economic independence, and well-being in immigrant communities. Our comprehensive, culturally specific programs address the unique challenges and the immense resourcefulness that Latina immigrants bring. Through our programs, Latina entrepreneurs come together in a safe space to take risks and access the tools and the capital they need to achieve economic independence and well-being.

Ruling year info

1994

Executive Director

Ms. Claudia Arroyo

Main address

1072 60th Street, #3

Oakland, CA 94608 USA

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Formerly known as

WAGES

EIN

77-0373186

NTEE code info

Economic Development (S30)

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

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Communication

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Programs and results

What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Explore Your Cooperative (Explora tu Cooperativa)

The Explore Your Cooperative program (Explora) is a training for Latina entrepreneurs with an interest in exploring the basics of cooperativism in order to launch their own businesses or join an existing cooperative. The program consists of ten 3-hour sessions in which the essential topics covered include an introduction to cooperatives and how they operate, tools for effective communication and governance, conflict transformation, and participants also develop a first draft of a business plan.

Population(s) Served
Women and girls
Economically disadvantaged people

2-year tailored training and technical assistance program that takes cooperative businesses from growth to sustainability. We offer technical assistance and individual coaching that supports entrepreneurs to build and launch their cooperatives.

Population(s) Served
Women and girls
Economically disadvantaged people

Prospera’s Fellowship program is modeled after several prominent social impact fellowships that provide seed funding combined with comprehensive support to social entrepreneurs. What’s unique about Prospera’s new fellowship program is that it is dedicated exclusively to lifting up Latina immigrant entrepreneurs who are committed to the cooperative model. 

Specifically, this program invests in the leadership of select entrepreneurs enrolled in the organization’s business incubation program called Crece tu Cooperativa
(which means Grow your Coop). It targets founding members of cooperative projects that are poised to grow and provide business ownership opportunities for other women. In addition to receiving the ongoing training and technical assistance that is part of the Crece program, fellows access increased and tailored industry specific support, leadership coaching, access to office space plus a seed grant that makes it possible for them to dedicate a minimum of 20 hours per week to growing the business.

Population(s) Served
Women and girls
Economically disadvantaged people

Where we work

Awards

2012 Leader in Sustainability – Small Business Category 2012

Sustainable Contra Costa

2011 Community Resilience Leadership Award 2011

Bay Localize

2010 Innovator Award 2010

Oakland Indie Awards

2008 Arthur Jackson Diversity in Business Award 2008

San Francisco Bay Guardian Newspaper Small Business Awards

2008 Impact Award 2008

Inner City Advisors

Our Sustainable Development Goals

SOURCE: Self-reported by organization

Learn more about Sustainable Development Goals.

Goals & Strategy

SOURCE: Self-reported by organization

Learn about the organization's key goals, strategies, capabilities, and progress.

Charting impact

Four powerful questions that require reflection about what really matters - results.

Unfortunately, many Latina Immigrant entrepreneurs don't have access to the kinds of resources and opportunities that many successful business owners have had. Such as bicultural business development training, exposure to alternative business models, industry experts, technical assistance and start-up capital.

At Prospera, women learn how to turn an idea into a successful cooperative business and:
*Create a business plan with support from industry experts
*Test their product or service in the market
*Create legally binding agreements to support shared ownership with their business partners
*Secure financing and launch their business

By taking the best of what exists in start-up businesses and co-op, and converting that into Latina-centered trainings and tools, in Spanish; we can make sure that they are relevant and applicable to the businesses of their choice.

Prospera's program has four core levels and an advanced program:

*Community Education: Robust partnership strategy of cultivation with community based organizations that serve our target population. organizations via information sessions on and off-site, office hours for one-on-one interviews, tabling in local events and Charlas con Emprendedoras (Chats with Entrepreneurs), a community education initiative.

*Explore your Co-op (Explora tu Cooperativa): An introductory course with three 3-hour sessions in communication and business model canvass where exceptional, entrepreneurial women gain basic skills in cooperative development, business planning and communications

*Founder's School (Escuela de Fundadoras): A comprehensive program that brings cohorts from business idea to launch, through technical assistance, training, and leadership coaching

*Grow your Co-op (Crece tu Cooperativa): 2-year customized training and technical assistance for co-op expansion and sustainability for cooperatives that have launched through our Founders School

*Co-op Leadership Developer program: A year-long fellowship program for experienced worker-owners to become co-op developers, grow leadership skills, and train new cohorts.

Prospera's programs are developed with the understanding that Latina immigrant women also have unique skills, strengths and gifts that are often not recognized by society at large. They often hold multiple jobs, serve as the primary breadwinner for their immediate and extended families, are primary caregivers for their children, and at the same time manage to lead, and run side businesses. Studies have documented the resiliency of Latino immigrants, based in large part on the high value Latinos place on familismo (familism), which emphasizes “interdependence over independence, and cooperation over competition". Latinos are more likely to thrive when their families and communities believe and rely on their strengths, often resulting in high self-esteem as well. This makes them an ideal group for co-ops that require worker-owners to have complementary skills and abilities.

We envision a vibrant ecosystem of Latina-owned businesses cooperating to transform communities and local economies and building prosperity for the benefit of all. As illustrated in our theory of change, we have goals in four areas: women, businesses, families, and communities. Prospera supports women to build collaborative communities with other entrepreneurial women, develop their leadership, and access resources to advance their wellbeing and financial health. Through business and cooperative ownership they create meaningful jobs, sustain families, and generate thriving local economies. Immigrant families are able to increase and stabilize their wellbeing and build wealth, and support and value the businesses owned by the women in their families. Our ultimate goal is that communities see positive social, environmental, equity impacts and build alternatives to extractive capitalism.

Since transitioning from WAGES in 2015, Prospera has engaged participant input to update its program model and name. Some accomplishments to date include:

-200+ Latina immigrant entrepreneurs impacted annually through our workshops and community education events.
-404 women graduated from our core cooperative development program.
-35 Latina-owned businesses incubated including 8 green house cleaning cooperatives that generated over 100 high quality jobs and $3 million in sales each year.
-$250,000 in grants and loans accessed by Prospera-supported businesses.
- Over $100K in seed funding provided to 6 fellows to accelerate the growth of their businesses.
- Participant-governed Resiliency Fund launched, distributing $172K in cash assistance to entrepreneurs during the pandemic.
-Raising Our Voices Coalition co-created with the Latino Community Foundation and 11 other community partners to uplift Latina entrepreneurial voices in our community through advocacy and organizing events.
-8 episodes of our Para Todas podcast produced, providing a platform for unlearning and healing through the power of storytelling.

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To make fundamental changes to our programs and/or operations, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We act on the feedback we receive, We share the feedback we received with the people we serve

  • What challenges does the organization face when collecting feedback?

    We don't have any major challenges to collecting feedback

Financials

Prospera Community Development
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Operations

The people, governance practices, and partners that make the organization tick.

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Connect with nonprofit leaders

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Build relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.

  • Analyze a variety of pre-calculated financial metrics
  • Access beautifully interactive analysis and comparison tools
  • Compare nonprofit financials to similar organizations

Want to see how you can enhance your nonprofit research and unlock more insights? Learn More about GuideStar Pro.

Prospera Community Development

Board of directors
as of 06/02/2023
SOURCE: Self-reported by organization
Board chair

MariaCarmen Arjona

Senior Learning Consultant at Kaiser Permanente

Term: 2021 - 2023

Nancy Rosales

Founder Pepitos Paletas

Ximena Orozco

Consultant, Facilitator & Coach – XORO Consulting

Guadalupe Perez

Co-founder De Colores Consulting

Maria Rogers Pascual

Program director at the LeadersTrust

Anais Amaya

Latino Community Foundation - Latino Giving Circles Director

Anne Lufkin-Riaño

Consultant | Social Impact

Itzel Diaz

Strategic Communications OfficerStrategic Communications Officer First 5 Alameda County

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? Yes

Organizational demographics

SOURCE: Self-reported; last updated 3/30/2023

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.

Leadership

The organization's leader identifies as:

Race & ethnicity
Hispanic/Latino/Latina/Latinx
Gender identity
Female
Sexual orientation
Heterosexual or Straight
Disability status
Person without a disability

Race & ethnicity

Gender identity

Transgender Identity

Sexual orientation

No data

Disability

No data