Nonprofit · EIN 85-0495873
PROSPERITY LAB
Tax-exempt · SAN JOSE, CA 95110
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $753,622 | $592,270 | $161,352 | $161,352 | $0 | $161,352 |
| December 31, 2023 | 990 | $759,710 | $551,398 | $208,312 | $0 | $0 | $0 |
| December 31, 2022 | 990 | $640,834 | $423,635 | $217,199 | $0 | $0 | $0 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $753,622
- of which government grants
- $459,964
- Membership dues
- -$1,788
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $89,438
- Other salaries and wages
- $92,089
- Salaries, compensation and benefits (total)
- $188,572
- Professional fundraising fees
- $0
- Legal fees
- $170
- Accounting fees
- $6,447
- Occupancy
- $35,488
- Travel
- $12,619
- Depreciation
- $4,337
- Program services (functional)
- $339,307
- Management and general (functional)
- $217,950
- Fundraising (functional)
- $35,013
Balance sheet and other
- Total assets, start of year
- $0
- Total assets, end of year
- $161,352
- Total liabilities, end of year
- $0
- Net assets, end of year
- $161,352
- Net assets without donor restrictions
- $161,352
- Gross receipts
- $753,622
- Employees
- 0
- Volunteers
- 6
- Year formed
- 2021
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIRIAM M HERNANDEZ | PRESIDENT Trustee or director | 40 | $89,438 |
| CONNIE ALVAREZ | VICE PRESIDENT Institutional trustee, Officer | 1 | $0 |
| REYNA FERNANDEZ | MEMBER AT LARGE Institutional trustee, Officer | 0.25 | $0 |
| JORGE G CARRASCO | MEMBER AT LARGE Institutional trustee, Officer | 0.25 | $0 |
| MARIA FIDELINA SOLE | SECRETARY Institutional trustee, Officer | 1 | $0 |
| CLAUDIA LOPEZ | MEMBER AT LARGE Institutional trustee, Officer | 0.25 | $0 |
| ANTONIO AGUILAR JR | MEMBER AT LARGE Institutional trustee | 0.25 | $0 |
990 for the year ended December 31, 2023: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIRIAM M HERNANDEZ | EXECUTIVE DIRECTOR Trustee or director | 40 | $100,540 |
990 for the year ended December 31, 2022: 1 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MIRIAM M HERNANDEZ | EXECUTIVE DIRECTOR Trustee or director | 40 | $65,475 |
Address and contacts
- Address (IRS master file)
- 701 VINE ST 113, SAN JOSE, CA 95110-2940
- In care of
- % MIMI HERNANDEZ
- Principal officer (990 for 2024)
- MIRIAM M HERNANDEZ, 2150 N First Street 436, San Jose, CA 95131
- Signed the 990
- MIRIAM M HERNANDEZ, DIRECTOR
- Phone
- (408) 896-2336
- Website
- www.prosperitylab.org
- Return prepared by
- Jesus H Soto
California records
California keeps its own records of charities and corporations. Search them by EIN 85-0495873 or by the name PROSPERITY LAB.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
PROSPERITY LAB SERVES MICRO-ENTERPRISES, SMALL BUSINESSES, ORGANIC BUSINESS, STUDENTS, LOW INCOME RESIDENTS, AND GUIDANCE ON ENTERPRENEURSHIP IN SANTA CLARA & SAN MATEO COUNTY
Program accomplishments
- Provided small mini grants to cohort programs participants raging between $500 to $1000 to be utilized towards their business programsExpenses $500
- 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 CountyExpenses $31,195
- 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 $307,612
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-0495873
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2020
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $161,352
- Income (IRS master file)
- $753,622
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $753,622 | $592,270 | $161,352 | XML |
| 990 | December 2023 | $759,710 | $551,398 | $0 | XML |
| 990 | December 2022 | $640,834 | $423,635 | $0 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-EZ | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 85-0495873).
Questions about PROSPERITY LAB
- What is the EIN of PROSPERITY LAB?
- The employer identification number (EIN) of PROSPERITY LAB is 85-0495873.
- Is PROSPERITY LAB tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2020.
- Are donations to PROSPERITY LAB tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPERITY LAB file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPERITY LAB due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPERITY LAB last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PROSPERITY LAB?
- The 990 for the year ended December 31, 2024 names MIRIAM M HERNANDEZ.
- Who are the officers and directors of PROSPERITY LAB?
- The 990 for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $89,438 (MIRIAM M HERNANDEZ, PRESIDENT).
- How much revenue does PROSPERITY LAB have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $753,622, expenses of $592,270 and total assets of $161,352 at year end.
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All nonprofits in SAN JOSE · California · Community improvement and capacity building