Civic Intelligence

Prodigy Ventures Inc.

990 • Fiscal year 2019 • EIN 47-2745285

Jan 01, 2019 to Dec 31, 2019 • Filed on Sep 29, 2020

3801 East 40th AveDenver, CO 80205

(303) 905-9967

Siviq Scores

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

Liabilities / Assets

75th percentile

0.23x

Higher debt load relative to assets than 75% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Liabilities / Revenue

65th percentile

0.09x

Higher debt load relative to revenue than 65% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Net Margin

43rd percentile

1.2%

Higher net margin than 43% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Top Officer Pay

76th percentile

$69,423

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 9.3% of source-year revenue.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2019

Asset Growth

53rd percentile

4.1%

Faster asset growth than 53% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Revenue Growth

32nd percentile

-4.3%

Faster revenue growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2018 to 2019

Assets

Up

$285,255

Up $11,173 (+4.1%) from 2018

Net Assets

Up

$220,736

Up $8,908 (+4.2%) from 2018

Liabilities

Up

$64,519

Up $2,265 (+3.6%) from 2018

Revenue

Down

$750,220

Down $33,531 (-4.3%) from 2018

Expenses

Up

$741,312

Up $59,025 (+8.7%) from 2018

Net Income

Down

$8,908

Down $92,556 (-91%) from 2018

Historical Trend

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2016: $163,709Liabilities 2016: $65,915Net Assets 2016: $97,7942016Assets 2017: $187,048Liabilities 2017: $34,569Net Assets 2017: $152,4792017Assets 2018: $274,082Liabilities 2018: $62,254Net Assets 2018: $211,8282018Assets 2019: $285,255Liabilities 2019: $64,519Net Assets 2019: $220,7362019Assets 2020: $580,984Liabilities 2020: $235,504Net Assets 2020: $345,4802020Assets 2021: $1,260,962Liabilities 2021: $210,365Net Assets 2021: $1,050,5972021Assets 2022: $2,168,784Liabilities 2022: $624,289Net Assets 2022: $1,544,4952022Assets 2023: $1,616,187Liabilities 2023: $560,010Net Assets 2023: $1,056,1772023Assets 2024: $2,001,132Liabilities 2024: $555,192Net Assets 2024: $1,445,9402024

Highlighted filing

2019

Assets$285,255
Liabilities$64,519
Net Assets$220,736

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $297,678Expenses 2016: $240,147Net Income 2016: $57,5312016Revenue 2017: $560,522Expenses 2017: $479,731Net Income 2017: $80,7912017Revenue 2018: $783,751Expenses 2018: $682,287Net Income 2018: $101,4642018Revenue 2019: $750,220Expenses 2019: $741,312Net Income 2019: $8,9082019Revenue 2020: $896,225Expenses 2020: $771,481Net Income 2020: $124,7442020Revenue 2021: $1,223,792Expenses 2021: $806,085Net Income 2021: $417,7072021Revenue 2022: $1,746,092Expenses 2022: $1,252,194Net Income 2022: $493,8982022Revenue 2023: $1,262,109Expenses 2023: $1,750,427Net Income 2023: -$488,3182023Revenue 2024: $2,009,875Expenses 2024: $1,620,112Net Income 2024: $389,7632024

Highlighted filing

2019

Revenue$750,220
Expenses$741,312
Net Income$8,908
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Sep 29, 2020
Return Version
2019v5.1
Gross Receipts
$750,220
Mission and Program Overview

Mission

Through high caliber professional development and hands-on learning in a prodigy enterprise, youth from low-income communities in denver build skills, social capital, and understanding for success in the new economy. This in turn builds wealth in the local community.

Through high-caliber professional development and hands-on learning in a Prodigy enterprise, youth from low-income communities in Denver build skills, social capital, and understanding for success in the new economy. This in turn builds wealth in the local community.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$201,078$221,223▲ $20,145
Land, Buildings, and Equipment, Net$50,233$36,913▼ $13,320
Pledges and Grants Receivable$6,470$9,912▲ $3,442
Inventories for Sale or Use$5,761$8,774▲ $3,013
Prepaid Expenses and Deferred Charges$3,040$933▼ $2,107
Total Assets$274,082$285,255▲ $11,173
Other Assets Total$7,500$7,500→ $0
Liabilities
Accounts Payable and Accrued Expenses$26,817$42,126▲ $15,309
Unsecured Notes Loans Payable$20,313$12,086▼ $8,227
Deferred Revenue-$6,557-
Other Liabilities$15,124$3,750▼ $11,374
Total Liabilities$62,254$64,519▲ $2,265
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$211,828$220,736▲ $8,908
Total Net Assets Fund Balance$211,828$220,736▲ $8,908
Total Liabilities and Net Assets / Fund Balance$274,082$285,255▲ $11,173

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$24,243$40,678$64,921
Equipment$12,670$14,763$27,433
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie FrancesExecutive DirectorFT$69,423$69,423

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$410,578
Program Service Revenue
$339,642
Investment Income
$0
Other Revenue
$0
All Other Contributions
$405,749
Change in Net Assets
$8,908
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$516,311
Salaries, Compensation, and Employee Benefits$225,001
Total Fundraising Expense$11,203
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$112,101$7,092$4,049$123,242
Current Officers, Directors, Trustees, and Key Employees$61,752$4,956$2,894$69,602
Payroll Taxes$19,655$1,601$554$21,810
Fees for Services Accounting-$14,986-$14,986
Other Expenses$11,253$15,835$3,254$11,253
Other Employee Benefits$9,193$760$394$10,347
Insurance-$1,789-$1,789
All Other Expenses$1,166$420$58$1,644
Interest-$497-$497
Total Functional Expenses$666,849$63,260$11,203$741,312
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Incentive Obligation$3,750
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
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
No
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 B, line 11B

The board chair will review prior to filing.

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

Anyone who may potentially have a conflict of interest is encourged to come forward and disclose such information.

Form 990, Part VI, Section B, line 15A

The executive director has written goals and the board will review those goals and determine compensation.

Form 990, Part VI, Section C, line 19

The organization makes its documents available for public inspection upon request as well as pulishing on Guidestar's website.

Filing and Contact Details

Filer

Filer Name
Prodigy Ventures Inc
EIN
47-2745285
Phone
3039059967
Address
3801 East 40th Ave, Denver, CO 80205

Signing Officer

Name
Stephanie Frances
Title
Executive Director
Phone
3039059967
Signed
2020-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie Frances
Formed
2015
Legal Domicile
Co
Voting Board Members
8
Independent Board Members
8
Employees
15
Volunteers
2

Preparer

Firm
WhippleWood CPAs PC
Address
11852 Shaffer Dr Bldg B, Littleton, CO 80127
Preparer
Richard J Whipple Jr CPA
Phone
3039897600
Supplemental Narrative

Additional Explanations

Form 990, Part V, Line 13A

CO

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IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03422
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt01289414
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0410578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0456547
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0229460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0192829
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01289414
IRS990ScheduleA/TotalSupportAmt01292836
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt012670
IRS990ScheduleD/EquipmentGrp/DepreciationAmt014763
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt027433
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt024243
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt040678
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03750
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease Incentive Obligation
IRS990ScheduleD/TotalBookValueLandBuildingsAmt036913
IRS990ScheduleD/TotalLiabilityAmt03750
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The board chair will review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Anyone who may potentially have a conflict of interest is encourged to come forward and disclose such information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The executive director has written goals and the board will review those goals and determine compensation.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4The organization makes its documents available for public inspection upon request as well as pulishing on Guidestar's website.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part V, Line 13a
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 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0274082
IRS990/TotalAssetsEOYAmt0285255
IRS990/TotalAssetsGrp/BOYAmt0274082
IRS990/TotalAssetsGrp/EOYAmt0285255
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0410578
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt011203
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt063260
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0666849
IRS990/TotalFunctionalExpensesGrp/TotalAmt0741312
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt062254
IRS990/TotalLiabilitiesEOYAmt064519
IRS990/TotalLiabilitiesGrp/BOYAmt062254
IRS990/TotalLiabilitiesGrp/EOYAmt064519
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0211828
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0220736
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0666849
IRS990/TotalProgramServiceRevenueAmt0339642
IRS990/TotalReportableCompFromOrgAmt069423
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0339642
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0750220
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0274082
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0285255
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt020313
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt012086
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt03801 East 40th Ave
IRS990/USAddress/CityNm0Denver
IRS990/USAddress/StateAbbreviationCd0CO
IRS990/USAddress/ZIPCd080205
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PRODIGYVENTURES.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0Stephanie Frances
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Executive Director
ReturnHeader/BusinessOfficerGrp/PhoneNum03039059967
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-09-29
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0Prodigy Ventures Inc
ReturnHeader/Filer/BusinessNameControlTxt0PROD
ReturnHeader/Filer/EIN0472745285
ReturnHeader/Filer/PhoneNum03039059967
ReturnHeader/Filer/USAddress/AddressLine1Txt03801 East 40th Ave
ReturnHeader/Filer/USAddress/CityNm0Denver
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CO
ReturnHeader/Filer/USAddress/ZIPCd080205
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0DA39A3EE5E6B4B0D3255BFEF95601890AFD80709
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId06C9B1A35775087DBDB8A6D25ECA509C7F6C27838
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt0104.42.150.3
ReturnHeader/FilingSecurityInformation/IPDt02020-09-29
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0MD
ReturnHeader/FilingSecurityInformation/IPTm016:36:53
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0840702965
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WhippleWood CPAs PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt011852 Shaffer Dr Bldg B
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Littleton
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CO

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