Civic Intelligence

Prodigy Ventures Inc.

990 • Fiscal year 2020 • EIN 47-2745285

Jan 01, 2020 to Dec 31, 2020 • Filed on Nov 15, 2021

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

80th percentile

0.41x

Higher debt load relative to assets than 80% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Liabilities / Revenue

75th percentile

0.26x

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

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Net Margin

63rd percentile

14%

Higher net margin than 63% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Top Officer Pay

78th percentile

$73,654

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 8.2% of source-year revenue.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2020

Asset Growth

90th percentile

104%

Faster asset growth than 90% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Revenue Growth

74th percentile

19%

Faster revenue growth than 74% of similar nonprofits.

2020 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2019 to 2020

Assets

Up

$580,984

Up $295,729 (+104%) from 2019

Net Assets

Up

$345,480

Up $124,744 (+57%) from 2019

Liabilities

Up

$235,504

Up $170,985 (+265%) from 2019

Revenue

Up

$896,225

Up $146,005 (+19%) from 2019

Expenses

Up

$771,481

Up $30,169 (+4.1%) from 2019

Net Income

Up

$124,744

Up $115,836 (+1300%) from 2019

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

2020

Assets$580,984
Liabilities$235,504
Net Assets$345,480

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

2020

Revenue$896,225
Expenses$771,481
Net Income$124,744
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 15, 2021
Return Version
2020v4.1
Gross Receipts
$896,225
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, marginalized young adults develop mindsets and skills for sustainable careers, economic mobility and, most importantly, to go forth and enrich their city.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$221,223$531,813▲ $310,590
Land, Buildings, and Equipment, Net$36,913$22,817▼ $14,096
Pledges and Grants Receivable$9,912$11,368▲ $1,456
Inventories for Sale or Use$8,774$10,283▲ $1,509
Prepaid Expenses and Deferred Charges$933$1,673▲ $740
Total Assets$285,255$580,984▲ $295,729
Other Assets Total$7,500$3,030▼ $4,470
Liabilities
Deferred Revenue$6,557$122,888▲ $116,331
Unsecured Notes Loans Payable$12,086$71,734▲ $59,648
Accounts Payable and Accrued Expenses$42,126$38,215▼ $3,911
Other Liabilities$3,750$2,667▼ $1,083
Total Liabilities$64,519$235,504▲ $170,985
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$220,736$345,480▲ $124,744
Total Net Assets Fund Balance$220,736$345,480▲ $124,744
Total Liabilities and Net Assets / Fund Balance$285,255$580,984▲ $295,729

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$13,016$51,905$64,921
Equipment$9,801$19,198$28,999
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie FrancesExecutive DirectorFT$73,654$73,654

Board Members and Trustees

NameTitle
Chad CookinhamChairman
Dan ReedTrustee
Derrick KelseyTrustee
Heather LaffertyTrustee
Johnnie WilliamsTrustee
Julie VoylesSecretary
Tawnya RamirezTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$693,377
Program Service Revenue
$202,848
Investment Income
$0
Other Revenue
$0
All Other Contributions
$693,377
Change in Net Assets
$124,744

Audited Revenue Reconciliation

Revenue per Audited Statements
$896,225
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$896,225
Total Revenue per Form 990
$896,225
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$422,966
Other Expenses$348,515
Total Fundraising Expense$23,002
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$266,119$19,089$10,146$295,354
Occupancy$54,852$23,514$4,993$83,359
Current Officers, Directors, Trustees, and Key Employees$66,364$4,760$2,530$73,654
Payroll Taxes$31,492$2,100$1,399$34,991
Fees for Services Accounting-$19,259-$19,259
Other Employee Benefits$17,070$1,138$759$18,967
Depreciation Depletion$10,964$4,699-$15,663
Advertising$7,421$3,322$269$11,012
Other Expenses$10,073$0$0$10,073
All Other Expenses$2,560$1,036$2,906$6,502
Travel$3,774$1,617-$5,391
Information Technology$955$3,818-$4,773
Insurance-$4,745-$4,745
Conferences and Meetings-$367-$367
Interest-$360-$360
Office Expenses-$336-$336
Total Functional Expenses$604,987$143,492$23,002$771,481

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$771,481
Total Expenses per Audited Statements$771,481
Total Expenses per Form 990$771,481
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Hillary FrancesSpouse to Executive DirectorOutside ContractorNo$1,852
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Incentive Obligation$2,667
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
Yes
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 of Directors receives a copy prior to filing and the Board Chair approves 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 Board of Directors reviews Executive Director performance annually and reviews Executive Director salaries at comparable organizations to 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
2021-11-15
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
24
Volunteers
3

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

Form 990, Part XII, Line 2C:

No changes were made to the oversight process or the selection process from the prior year.

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Desc0In 2020, 40 marginalized young adults were trained in transferable workplace skills and 16 worked as apprentices, earning an average of $17/hour (including tips). 86% Apprentices Increase Earning Power, 78% received raises, promotions, and increased responsibility, 86% Built Foundational Skills for the New Economy, 93% earned an industry-recognized certification, 90% Significantly Increased Social Capital, and, 64% Experienced Healing. 82% Apprentice graduates have employment at least 3 months post-graduation.
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0410578
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt0516311
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0339642
IRS990/PYRevenuesLessExpensesAmt08908
IRS990/PYSalariesCompEmpBnftPaidAmt0225001
IRS990/PYTotalExpensesAmt0741312
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0750220
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0124744
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0202848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0693377
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0410578
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0456547
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0229460
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0192829
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01982791
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03422
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03422
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99830
IRS990ScheduleA/PublicSupportTotal170Amt01982791
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0693377
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0410578
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0456547
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0229460
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0192829
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01982791
IRS990ScheduleA/TotalSupportAmt01986213
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/BookValueAmt09801
IRS990ScheduleD/EquipmentGrp/DepreciationAmt019198
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt028999
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0771481
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt013016
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt051905
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt064921
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt02667
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Lease Incentive Obligation
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0896225
IRS990ScheduleD/TotalBookValueLandBuildingsAmt022817
IRS990ScheduleD/TotalExpensesPerForm990Amt0771481
IRS990ScheduleD/TotalLiabilityAmt02667
IRS990ScheduleD/TotalRevenuePerForm990Amt0896225
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0896225
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0771481
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Hillary Frances
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Spouse to Executive Director
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01852
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Outside Contractor
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0CO
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Board of Directors receives a copy prior to filing and the Board Chair approves 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 Board of Directors reviews Executive Director performance annually and reviews Executive Director salaries at comparable organizations to 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/ExplanationTxt5No changes were made to the oversight process or the selection process from the prior year.
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XII, Line 2c:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CO
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0285255
IRS990/TotalAssetsEOYAmt0580984
IRS990/TotalAssetsGrp/BOYAmt0285255
IRS990/TotalAssetsGrp/EOYAmt0580984
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0693377
IRS990/TotalEmployeeCnt024
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt023002
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0143492
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0604987
IRS990/TotalFunctionalExpensesGrp/TotalAmt0771481
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt064519
IRS990/TotalLiabilitiesEOYAmt0235504
IRS990/TotalLiabilitiesGrp/BOYAmt064519
IRS990/TotalLiabilitiesGrp/EOYAmt0235504
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0220736
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0345480
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0604987
IRS990/TotalProgramServiceRevenueAmt0202848
IRS990/TotalReportableCompFromOrgAmt073654
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt0202848
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0896225
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0285255
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0580984
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt01617
IRS990/TravelGrp/ProgramServicesAmt03774
IRS990/TravelGrp/TotalAmt05391
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt012086
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt071734
IRS990/UponRequestInd0X

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