Civic Intelligence

Project Prosper Inc

990 • Fiscal year 2024 • EIN 20-8936475

Jan 01, 2024 to Dec 31, 2024 • Filed on Jul 15, 2025

1901 Ulmerton Road Ste 625-624Clearwater, FL 33762

(727) 266-0816

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

79th percentile

0.26x

Higher debt load relative to assets than 79% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Liabilities / Revenue

91st percentile

0.78x

Higher debt load relative to revenue than 91% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Net Margin

7th percentile

-43%

Higher net margin than 7% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Top Officer Pay

87th percentile

$103,726

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 48.5% of source-year revenue.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2024

Asset Growth

75th percentile

20%

Faster asset growth than 75% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Revenue Growth

10th percentile

-32%

Faster revenue growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2023 to 2024

Assets

Up

$652,264

Up $107,696 (+20%) from 2023

Net Assets

Down

$484,922

Down $54,493 (-10%) from 2023

Liabilities

Up

$167,342

Up $162,189 (+3147%) from 2023

Revenue

Down

$213,822

Down $98,491 (-32%) from 2023

Expenses

Up

$305,605

Up $55,681 (+22%) from 2023

Net Income

Down

-$91,783

Down $154,172 (-247%) from 2023

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$800K$600K$400K$200K$0Assets 2014: $64,363Liabilities 2014: $2,206Net Assets 2014: $62,1572014Assets 2015: $74,490Liabilities 2015: $2,178Net Assets 2015: $72,3122015Assets 2016: $107,416Liabilities 2016: $2,447Net Assets 2016: $104,9692016Assets 2017: $165,486Liabilities 2017: $2,963Net Assets 2017: $162,5232017Assets 2018: $237,604Liabilities 2018: $17,386Net Assets 2018: $220,2182018Assets 2019: $284,023Liabilities 2019: $4,265Net Assets 2019: $279,7582019Assets 2020: $379,484Liabilities 2020: $36,667Net Assets 2020: $342,8172020Assets 2021: $430,173Liabilities 2021: $4,244Net Assets 2021: $425,9292021Assets 2022: $453,917Liabilities 2022: $4,821Net Assets 2022: $449,0962022Assets 2023: $544,568Liabilities 2023: $5,153Net Assets 2023: $539,4152023Assets 2024: $652,264Liabilities 2024: $167,342Net Assets 2024: $484,9222024

Highlighted filing

2024

Assets$652,264
Liabilities$167,342
Net Assets$484,922

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KRevenue 2014: $51,539Expenses 2014: $46,535Net Income 2014: $5,0042014Revenue 2015: $78,523Expenses 2015: $68,369Net Income 2015: $10,1542015Revenue 2016: $104,696Expenses 2016: $72,041Net Income 2016: $32,6552016Revenue 2017: $148,130Expenses 2017: $90,576Net Income 2017: $57,5542017Revenue 2018: $177,458Expenses 2018: $119,764Net Income 2018: $57,6942018Revenue 2019: $198,924Expenses 2019: $139,384Net Income 2019: $59,5402019Revenue 2020: $223,944Expenses 2020: $169,257Net Income 2020: $54,6872020Revenue 2021: $254,547Expenses 2021: $187,364Net Income 2021: $67,1832021Revenue 2022: $252,306Expenses 2022: $210,736Net Income 2022: $41,5702022Revenue 2023: $312,313Expenses 2023: $249,924Net Income 2023: $62,3892023Revenue 2024: $213,822Expenses 2024: $305,605Net Income 2024: -$91,7832024

Highlighted filing

2024

Revenue$213,822
Expenses$305,605
Net Income-$91,783
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Jul 15, 2025
Return Version
2024v5.2
Gross Receipts
$214,960
Mission and Program Overview

Mission

To prepare recent working immigrants to participate fully in the economic life of the community through a program of small loans, matched savings, mentoring, and financial education.

To provide financial integration services and resources that empower recent immigrants and in the Tampa Bay community to achieve financial stability and inclusion.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$408,446$459,137▲ $50,691
Cash and Non-Interest-Bearing Accounts$101,786$154,596▲ $52,810
Other Notes and Loans Receivable, Net$34,336$38,531▲ $4,195
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$544,568$652,264▲ $107,696
Liabilities
Deferred Revenue$4,000$165,000▲ $161,000
Other Liabilities$1,153$2,342▲ $1,189
Total Liabilities$5,153$167,342▲ $162,189
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$539,415$484,922▼ $54,493
Total Net Assets Fund Balance$539,415$484,922▼ $54,493
Total Liabilities and Net Assets / Fund Balance$544,568$652,264▲ $107,696

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$650-
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Faye SteinhauserExecutive DirectorFT$103,726$103,726

Board Members and Trustees

NameTitle
Robin WarrenGovernance Cmte Chair
David GonzalezPresident/Treasurer
Aida SanchezTrustee
Caitlin RusczykTrustee
Michelle WaiteTrustee
Molly AuldTrustee
Ron KnightTrustee
Sean DoughertyTrustee
Sandy KnightSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$193,239
Program Service Revenue
$8,950
Investment Income
$12,771
Other Revenue
$-1,138
All Other Contributions
$126,853
Change in Net Assets
$-91,783
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$258,217
Other Expenses$47,238
Total Fundraising Expense$46,474
Grants and Similar Amounts Paid$150
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$108,803$1,272-$110,075
Current Officers, Directors, Trustees, and Key Employees$72,608-$31,118$103,726
Other Employee Benefits$18,277$61$1,762$20,100
Occupancy$16,211-$1,800$18,011
Payroll Taxes$13,805$79$2,301$16,185
Pension Plan Contributions$6,830$42$1,259$8,131
Information Technology$1,839$1,435$2,376$5,650
Fees for Services Other$2,195$1,376-$3,571
Fees for Services Accounting-$2,830-$2,830
Travel$2,331-$225$2,556
All Other Expenses$45$796$1,204$2,045
Other Expenses$1,256$50$140$1,396
Insurance-$1,277-$1,277
Office Expenses$633$475$32$1,140
Advertising$791-$7$798
Grants to Domestic Individuals$150--$150
Total Functional Expenses$249,438$9,693$46,474$305,605
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,138
Fundraising Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Breakfast$66,386-$388-
Total Events$66,386-$1,138$-1,138
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Possible Future Matched Savings$2,342
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 2

Ron and Sandy Knight are spouses.

Form 990, Part VI, Section B, line 11B

No review was or will be conducted.

Form 990, Part VI, Section B, line 12C

Each trustee, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands Project Prosper is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.

Form 990, Part VI, Section B, line 15

The Executive Director is reviewed by the Board of Directors, which decides on compensation. Each employee is reviewed by the Board of Directors, which decides on compensation.

Form 990, Part VI, Section C, line 18

No documents available to the public

Form 990, Part VI, Section C, line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
Project Prosper Inc
EIN
20-8936475
Phone
7272660816
Address
1901 Ulmerton Road Ste 625-624, Clearwater, FL 33762

Signing Officer

Name
David Gonzalez
Title
President
Phone
7272660816
Signed
2025-07-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Gonzalez
Formed
2007
Legal Domicile
Fl
Voting Board Members
9
Independent Board Members
8
Employees
3
Volunteers
40

Preparer

Firm
Sorren Inc
Address
877 Executive Center Dr W Suite 100, St Petersburg, FL 33702
Preparer
Monica Cunningham CPA
Phone
7278889200
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

Contract Services: Outside Contract Services: Program service expenses 2,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,195. Contract Services: Payroll Processing Fees: Program service expenses 0. Management and general expenses 754. Fundraising expenses 0. Total expenses 754. 401K Administration: Program service expenses 0. Management and general expenses 622. Fundraising expenses 0. Total expenses 622.

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IRS990/ProgSrvcAccomActy2Grp/Desc0The Financial Literacy Program is a group financial literacy class on a variety of topics for immigrants.
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IRS990/SavingsAndTempCashInvstGrp/EOYAmt0459137
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearAmt044340
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus1YearAmt043295
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus2YearsAmt031355
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus3YearsAmt030970
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/CurrentTaxYearMinus4YearsAmt027352
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt0177312
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0255838
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0214128
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IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt012771
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011773
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt04580
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt01493
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01936
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt032553
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt08950
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt012000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt015000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt012000
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt012771
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011773
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt04580
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt01493
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01936
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt032553
IRS990ScheduleA/InvestmentIncomeCYPct00.02560
IRS990ScheduleA/InvestmentIncomePYPct00.01600
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.81300
IRS990ScheduleA/PublicSupportPY509Pct00.84480
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus2YearsAmt041355
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus3YearsAmt030970
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/CurrentTaxYearMinus4YearsAmt034352
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt0205262
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearAmt03950
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus1YearAmt07000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus2YearsAmt010000
IRS990ScheduleA/SubstantialContributorsAmtGrp/CurrentTaxYearMinus4YearsAmt07000
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt027950
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Possible Future Matched Savings
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IRS990ScheduleD/TotalLiabilityAmt02342
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt066386
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt066386
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt01138
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0Annual Breakfast
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt066386
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt066386
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-1138
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0388
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0388
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt0750
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt0750
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Ron and Sandy Knight are spouses.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1No review was or will be conducted.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Each trustee, principal officer, and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: a. Has received a copy of the conflicts of interest policy, b. Has read and understands the policy, c. Has agreed to comply with the policy, and d. Understands Project Prosper is charitable and in order to maintain its federal tax exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The Executive Director is reviewed by the Board of Directors, which decides on compensation. Each employee is reviewed by the Board of Directors, which decides on compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5No documents available to the public
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Contract Services: Outside Contract Services: Program service expenses 2,195. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,195. Contract Services: Payroll Processing Fees: Program service expenses 0. Management and general expenses 754. Fundraising expenses 0. Total expenses 754. 401K Administration: Program service expenses 0. Management and general expenses 622. Fundraising expenses 0. Total expenses 622.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 12c
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990, Part IX, line 11g
IRS990/SchoolOperatingInd00

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