Civic Intelligence

Committee to Unleash Prosperity Inc

990 • Fiscal year 2017 • EIN 47-3514328

Jan 01, 2017 to Dec 31, 2017 • Filed on Oct 09, 2018

301 Tahmore DriveFairfield, CT 06432

(203) 228-5050

Siviq Scores

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

Liabilities / Assets

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Liabilities / Revenue

26th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Net Margin

80th percentile

24%

Higher net margin than 80% of similar nonprofits.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Top Officer Pay

90th percentile

$110,000

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 11.9% of source-year revenue.

2017 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2017

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2017

Assets

$218,459

No earlier filing loaded for comparison.

Net Assets

$218,459

No earlier filing loaded for comparison.

Liabilities

$0

No earlier filing loaded for comparison.

Revenue

$926,082

No earlier filing loaded for comparison.

Expenses

$707,623

No earlier filing loaded for comparison.

Net Income

$218,459

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

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

$15M$10M$5.0M$0Assets 2017: $218,459Liabilities 2017: $0Net Assets 2017: $218,4592017Assets 2018: $213,842Liabilities 2018: $0Net Assets 2018: $213,8422018Assets 2019: $842,306Liabilities 2019: $0Net Assets 2019: $842,3062019Assets 2020: $3,005,916Liabilities 2020: $0Net Assets 2020: $3,005,9162020Assets 2021: $5,632,785Liabilities 2021: $0Net Assets 2021: $5,632,7852021Assets 2022: $5,987,194Liabilities 2022: $15,182Net Assets 2022: $5,972,0122022Assets 2023: $7,983,713Liabilities 2023: $102,873Net Assets 2023: $7,880,8402023Assets 2024: $10,051,484Liabilities 2024: $21,914Net Assets 2024: $10,029,5702024

Highlighted filing

2017

Assets$218,459
Liabilities$0
Net Assets$218,459

Operations Trend

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2017: $926,082Expenses 2017: $707,623Net Income 2017: $218,4592017Revenue 2018: $403,337Expenses 2018: $407,954Net Income 2018: -$4,6172018Revenue 2019: $1,633,616Expenses 2019: $1,005,152Net Income 2019: $628,4642019Revenue 2020: $3,538,123Expenses 2020: $1,374,513Net Income 2020: $2,163,6102020Revenue 2021: $4,283,191Expenses 2021: $1,656,322Net Income 2021: $2,626,8692021Revenue 2022: $2,525,854Expenses 2022: $2,186,627Net Income 2022: $339,2272022Revenue 2023: $4,674,721Expenses 2023: $2,825,894Net Income 2023: $1,848,8272023Revenue 2024: $5,258,792Expenses 2024: $3,110,062Net Income 2024: $2,148,7302024

Highlighted filing

2017

Revenue$926,082
Expenses$707,623
Net Income$218,459
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Oct 9, 2018
Return Version
2017v2.3
Gross Receipts
$926,082
Mission and Program Overview

Mission

To educate business, political and media leaders about increasing economic growth.

The committee to unleash prosperity has one overriding objective: to educate business, political, media leaders about how to increase economic growth in our country to create a shared prosperity. To support its mission, the committee hosts private lunches or dinners for the purpose of engaging political leaders, business leaders, and the media in educational discussions and briefings on the economy and policy. The committee does not engage in candidate-related and partisan campaign intervention and, accordingly, the committee asks all event guests to confine their questions and remarks to policy and substantive issues and not in inquire about or offer comments regarding campaign-related questions or topics. The committee events are purely policy discussions and there is no promotion, advocacy or fundraising for the purposes of an election.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$218,459-
Total Assets$0$218,459▲ $218,459
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Unrestricted Net Assets-$218,459-
Total Net Assets Fund Balance$0$218,459▲ $218,459
Total Liabilities and Net Assets / Fund Balance$0$218,459▲ $218,459
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephen MoorePresidentFT$110,000$110,000
Jonathan DeckerExecutive Di-$41,250$41,250
Susan VargaSecretary/tr-$10,000$10,000

Board Members and Trustees

NameTitle
Lawrence KudlowChairman of
Cleta MitchellDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$926,000
Program Service Revenue
$0
Investment Income
$82
Other Revenue
$0
Change in Net Assets
$218,459
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$707,623
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Office Expenses$317,636--$317,636
Fees for Services Management$222,573--$222,573
Advertising$98,524--$98,524
Travel$22,089--$22,089
Conferences and Meetings$17,420--$17,420
Fees for Services Legal$16,465--$16,465
Fees for Services Accounting$7,666--$7,666
Information Technology$5,250--$5,250
Total Functional Expenses$707,623$0$0$707,623
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
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
Yes
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The 990 was reviewed by the president and the legal counsel, both members of the board of directors.

Form 990, Page 6, Part VI, Line 19

The 990 and form 1023 are available for public inspection.

Form 990, Part VII

There are currently no salaried employees, only 1099 consultants

Filing and Contact Details

Filer

Filer Name
Committee to Unleash Prosperity Inc
EIN
47-3514328
Phone
2032285050
Address
301 TAHMORE DRIVE, FAIRFIELD, CT 06432

Signing Officer

Name
Susan Varga
Title
Secretary/treasurer
Phone
2032285050
Signed
2018-10-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Lawrence Kudlow
Legal Domicile
De
Voting Board Members
3
Independent Board Members
3
Employees
0

Preparer

Firm
Advanced Capital Advisors
Address
140 SHERMAN ST FL 4TH, FAIRFIELD, CT 06824
Preparer
Panfilo Guglielmi
Phone
2032550504
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The committee to unleash prosperity has one overriding objective: to educate business, political, media leaders about how to increase economic growth in our country to create a shared prosperity. To support its mission, the committee hosts private lunches or dinners for the purpose of engaging political leaders, business leaders, and the media in educational discussions and briefings on the economy and policy. The committee does not engage in candidate-related and partisan campaign intervention and, accordingly, the committee asks all event guests to confine their questions and remarks to policy and substantive issues and not in inquire about or offer comments regarding campaign-related questions or topics. The committee events are purely policy discussions and there is no promotion, advocacy or fundraising for the purposes of an election.

Form 990, Page 1, Part I, Line 6

The committee believes that the five pillars to economic growth are free trade, tax reform, sound money, regulatory reform, and reining in government spending: these policies are referred to as the "five pillars". The current members of the committee are listed here: http://committeetounleashprosperity.com/committee-members/ the committee relies on the members for monetary support and for advisory assistance.

Form 990, Page 2, Part III, Line 4A

Advocacy or fundraising for the purposes of an election.

Form 990, Page 2, Part III, Line 4D

The committee to unleash prosperity has one overriding objective: to educate business, political, media leaders about how to increase economic growth in our country to create a shared prosperity. To support its mission, the committee hosts private lunches or dinners for the purpose of engaging political leaders, business leaders, and the media in educational discussions and briefings on the economy and policy. The committee does not engage in candidate-related and partisan campaign intervention and, accordingly, the committee asks all event guests to confine their questions and remarks to policy and substantive issues and not in inquire about or offer comments regarding campaign-related questions or topics. The committee events are purely policy discussions and there is no promotion, advocacy or fundraising for the purposes of an election.

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IRS990/Form990PartVIISectionAGrp/TitleTxt4SECRETARY/TR
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IRS990/MissionDesc0THE COMMITTEE TO UNLEASH PROSPERITY HAS ONE OVERRIDING OBJECTIVE: TO EDUCATE BUSINESS, POLITICAL, MEDIA LEADERS ABOUT HOW TO INCREASE ECONOMIC GROWTH IN OUR COUNTRY TO CREATE A SHARED PROSPERITY. TO SUPPORT ITS MISSION, THE COMMITTEE HOSTS PRIVATE LUNCHES OR DINNERS FOR THE PURPOSE OF ENGAGING POLITICAL LEADERS, BUSINESS LEADERS, AND THE MEDIA IN EDUCATIONAL DISCUSSIONS AND BRIEFINGS ON THE ECONOMY AND POLICY. THE COMMITTEE DOES NOT ENGAGE IN CANDIDATE-RELATED AND PARTISAN CAMPAIGN INTERVENTION AND, ACCORDINGLY, THE COMMITTEE ASKS ALL EVENT GUESTS TO CONFINE THEIR QUESTIONS AND REMARKS TO POLICY AND SUBSTANTIVE ISSUES AND NOT IN INQUIRE ABOUT OR OFFER COMMENTS REGARDING CAMPAIGN-RELATED QUESTIONS OR TOPICS. THE COMMITTEE EVENTS ARE PURELY POLICY DISCUSSIONS AND THERE IS NO PROMOTION, ADVOCACY OR FUNDRAISING FOR THE PURPOSES OF AN ELECTION.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMMITTEE TO UNLEASH PROSPERITY HAS ONE OVERRIDING OBJECTIVE: TO EDUCATE BUSINESS, POLITICAL, MEDIA LEADERS ABOUT HOW TO INCREASE ECONOMIC GROWTH IN OUR COUNTRY TO CREATE A SHARED PROSPERITY. TO SUPPORT ITS MISSION, THE COMMITTEE HOSTS PRIVATE LUNCHES OR DINNERS FOR THE PURPOSE OF ENGAGING POLITICAL LEADERS, BUSINESS LEADERS, AND THE MEDIA IN EDUCATIONAL DISCUSSIONS AND BRIEFINGS ON THE ECONOMY AND POLICY. THE COMMITTEE DOES NOT ENGAGE IN CANDIDATE-RELATED AND PARTISAN CAMPAIGN INTERVENTION AND, ACCORDINGLY, THE COMMITTEE ASKS ALL EVENT GUESTS TO CONFINE THEIR QUESTIONS AND REMARKS TO POLICY AND SUBSTANTIVE ISSUES AND NOT IN INQUIRE ABOUT OR OFFER COMMENTS REGARDING CAMPAIGN-RELATED QUESTIONS OR TOPICS. THE COMMITTEE EVENTS ARE PURELY POLICY DISCUSSIONS AND THERE IS NO PROMOTION, ADVOCACY OR FUNDRAISING FOR THE PURPOSES OF AN ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE COMMITTEE BELIEVES THAT THE FIVE PILLARS TO ECONOMIC GROWTH ARE FREE TRADE, TAX REFORM, SOUND MONEY, REGULATORY REFORM, AND REINING IN GOVERNMENT SPENDING: THESE POLICIES ARE REFERRED TO AS THE "FIVE PILLARS". THE CURRENT MEMBERS OF THE COMMITTEE ARE LISTED HERE: HTTP://COMMITTEETOUNLEASHPROSPERITY.COM/COMMITTEE-MEMBERS/ THE COMMITTEE RELIES ON THE MEMBERS FOR MONETARY SUPPORT AND FOR ADVISORY ASSISTANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ADVOCACY OR FUNDRAISING FOR THE PURPOSES OF AN ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE COMMITTEE TO UNLEASH PROSPERITY HAS ONE OVERRIDING OBJECTIVE: TO EDUCATE BUSINESS, POLITICAL, MEDIA LEADERS ABOUT HOW TO INCREASE ECONOMIC GROWTH IN OUR COUNTRY TO CREATE A SHARED PROSPERITY. TO SUPPORT ITS MISSION, THE COMMITTEE HOSTS PRIVATE LUNCHES OR DINNERS FOR THE PURPOSE OF ENGAGING POLITICAL LEADERS, BUSINESS LEADERS, AND THE MEDIA IN EDUCATIONAL DISCUSSIONS AND BRIEFINGS ON THE ECONOMY AND POLICY. THE COMMITTEE DOES NOT ENGAGE IN CANDIDATE-RELATED AND PARTISAN CAMPAIGN INTERVENTION AND, ACCORDINGLY, THE COMMITTEE ASKS ALL EVENT GUESTS TO CONFINE THEIR QUESTIONS AND REMARKS TO POLICY AND SUBSTANTIVE ISSUES AND NOT IN INQUIRE ABOUT OR OFFER COMMENTS REGARDING CAMPAIGN-RELATED QUESTIONS OR TOPICS. THE COMMITTEE EVENTS ARE PURELY POLICY DISCUSSIONS AND THERE IS NO PROMOTION, ADVOCACY OR FUNDRAISING FOR THE PURPOSES OF AN ELECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE 990 WAS REVIEWED BY THE PRESIDENT AND THE LEGAL COUNSEL, BOTH MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 990 AND FORM 1023 ARE AVAILABLE FOR PUBLIC INSPECTION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE ARE CURRENTLY NO SALARIED EMPLOYEES, ONLY 1099 CONSULTANTS
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART VII
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IRS990/TypeOfOrganizationAssocInd0X
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ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0SUSAN VARGA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0SECRETARY/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum02032285050
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-10-09
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COMMITTEE TO UNLEASH PROSPERITY INC
ReturnHeader/Filer/BusinessNameControlTxt0COMM
ReturnHeader/Filer/EIN0473514328
ReturnHeader/Filer/PhoneNum02032285050
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ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0757E2C3FE7682F5AAA8C8AB29CA7901FAA7EB427
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt054.186.239.252
ReturnHeader/FilingSecurityInformation/IPDt02018-10-10
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm011:36:50
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0061581795
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0ADVANCED CAPITAL ADVISORS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0140 SHERMAN ST FL 4TH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0FAIRFIELD
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd006824
ReturnHeader/PreparerPersonGrp/PhoneNum02032550504
ReturnHeader/PreparerPersonGrp/PreparationDt02018-10-09
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0PANFILO GUGLIELMI
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-10-10T12:36:50-04:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

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