Civic Intelligence

The Prosperity Foundation Inc.

990 • Fiscal year 2017 • EIN 47-4364468

Jan 01, 2017 to Dec 31, 2017 • Filed on May 15, 2018

Organization Profilewww.tpfct.org
1287 Chapel StNew Haven, CT 06511

(203) 909-1315

Siviq Scores

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

Liabilities / Assets

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

56th percentile

0.00x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

79th percentile

23%

Higher net margin than 79% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

89th percentile

80%

Faster asset growth than 89% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

12th percentile

-41%

Faster revenue growth than 12% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Balance Sheet
Liabilities / Assets56th percentile

Assets

Up

$177,590

Up $78,753 (+80%) from 2016

Net Assets

Up

$177,590

Up $89,077 (+101%) from 2016

Liabilities

Down

$0

Down $10,324 (-100%) from 2016

Revenue And Expenses
Liabilities / Revenue56th percentileNet Margin79th percentile

Revenue

Down

$145,276

Down $101,830 (-41%) from 2016

Expenses

Down

$111,438

Down $77,182 (-41%) from 2016

Net Income

Down

$33,838

Down $24,648 (-42%) from 2016

Historical Trend

Balance Sheet Trend

Asset Growth89th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2016: $98,837Liabilities 2016: $10,324Net Assets 2016: $88,5132016Assets 2017: $177,590Liabilities 2017: $0Net Assets 2017: $177,5902017Assets 2018: $179,407Liabilities 2018: $0Net Assets 2018: $179,4072018Assets 2019: $228,098Liabilities 2019: $0Net Assets 2019: $228,0982019Assets 2020: $475,358Liabilities 2020: $0Net Assets 2020: $475,3582020Assets 2021: $1,358,648Liabilities 2021: $733,332Net Assets 2021: $625,3162021Assets 2022: $1,929,277Liabilities 2022: $0Net Assets 2022: $1,929,2772022Assets 2023: $3,994,512Liabilities 2023: $1,924,210Net Assets 2023: $2,070,3022023Assets 2024: $2,211,727Liabilities 2024: $23,612Net Assets 2024: $2,188,1152024

Highlighted filing

2017

Assets$177,590
Liabilities$0
Net Assets$177,590
Open 2017 Filing

Operations Trend

Revenue Growth12th percentile

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

$4.0M$3.0M$2.0M$1.0M$0-$1.0MRevenue 2016: $247,106Expenses 2016: $188,620Net Income 2016: $58,4862016Revenue 2017: $145,276Expenses 2017: $111,438Net Income 2017: $33,8382017Revenue 2018: $90,545Expenses 2018: $118,385Net Income 2018: -$27,8402018Revenue 2019: $158,164Expenses 2019: $166,673Net Income 2019: -$8,5092019Revenue 2020: $329,249Expenses 2020: $114,423Net Income 2020: $214,8262020Revenue 2021: $846,580Expenses 2021: $753,625Net Income 2021: $92,9552021Revenue 2022: $1,820,718Expenses 2022: $545,536Net Income 2022: $1,275,1822022Revenue 2023: $1,956,036Expenses 2023: $1,997,999Net Income 2023: -$41,9632023Revenue 2024: $2,714,369Expenses 2024: $3,163,028Net Income 2024: -$448,6592024

Highlighted filing

2017

Revenue$145,276
Expenses$111,438
Net Income$33,838
Open 2017 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 15, 2018
Return Version
2017v2.2
Gross Receipts
$145,276
Mission and Program Overview

Mission

Pursue charitable and educational activities to strengthen Connecticut's African- American/Black communities in areas such as economic development, education, and health.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$59,710$116,712▲ $57,002
Cash and Non-Interest-Bearing Accounts$39,127$60,878▲ $21,751
Savings and Temporary Cash Investments-$0-
Accounts Receivable-$0-
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Land, Buildings, and Equipment, Net-$0-
Intangible Assets-$0-
Inventories for Sale or Use-$0-
Prepaid Expenses and Deferred Charges-$0-
Total Assets$98,837$177,590▲ $78,753
Other Assets Total-$0-
Liabilities
Accounts Payable and Accrued Expenses$10,324--
Total Liabilities$10,324$0▼ $10,324
Net Assets / Fund Balance
Temporarily Rstr Net Assets$88,513$177,590▲ $89,077
Total Net Assets Fund Balance$88,513$177,590▲ $89,077
Total Liabilities and Net Assets / Fund Balance$98,837$177,590▲ $78,753

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$57,574$14,368▲ $10,711-$71,309
2016$27,283$30,089▲ $3,673-$57,574
Compensation and Service Providers
Top Officer Pay76th percentile

Board Members and Trustees

NameTitle
Howard K HillPresident
Larry ConawayVice President
Carolyn VermontDirector
Cathy GravesDirector
Nancy HillSecretary
Yves Joseph IITreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$132,227
Program Service Revenue
$0
Investment Income
$13,049
Other Revenue
$0
All Other Contributions
$132,227
Change in Net Assets
$33,838
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$65,127
Other Expenses$46,311
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$65,127--$65,127
Fees for Services Accounting$8,416$8,334-$16,750
Conferences and Meetings-$15,542-$15,542
Office Expenses-$6,603-$6,603
Travel-$2,096-$2,096
Advertising-$2,011-$2,011
Information Technology-$1,856-$1,856
Fees for Service Investment Mgmnt Fees-$1,308-$1,308
Fees for Services Other-$100-$100
Other Expenses-$45-$45
Total Functional Expenses$73,543$37,895$0$111,438
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
Howard K HillOfficerGrantNo$1,500

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
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
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et

“Howard K. Hill, President and Nancy Hill, Secretary, are married.”

Form 990, Part VI, Line 11B: Form 990 Review Process

“Form 990 is prepared by an independent CPA, discussed and reviewed with Treasurer prior to review and discussion with all officers, the full board and governing body, and filing with the IRS. The review covers the financial information contained in Parts I, VII - IX as well as Schedule A. The reveiw also covers management's responsibility and the programs financial and non financial information.”

Form 990, Part VI, Line 12C: Explanation of Monitoring and Enforcement of Conflicts

“The organization has a conflict of interest policy that is completed annually by the officers and directors. If any conflicts are identified, it is the practice of management to review and monitor the conflicts.”

Form 990, Part VI, Line 19: Other Organization Documents Publicly Available

“The financial statements along with Form 990 and other required public documents are made available upon written request.”

Filing and Contact Details

Filer

Filer Name
The Prosperity Foundation Inc
EIN
47-4364468
Phone
2039091315
Address
1287 Chapel St, New Haven, CT 06511

Signing Officer

Name
Yves Joseph II
Title
Treasurer
Signed
2018-05-15
Discuss with paid preparer
Yes

Organization Details

Formed
2015
Legal Domicile
Ct
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
6

Preparer

Firm
John a Watts CPA LLC
Address
17 Clemens Ave, Trumbull, CT 06611-1958
Preparer
John A Watts
Phone
2032613938
Raw XML Appendix396 raw XML fields

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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IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0922
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt057574
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt014368
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt071309
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt010422
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt010711
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt01367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt027283
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt030089
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt057574
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt02104
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt03673
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt053836
IRS990ScheduleD/DonorAdvisedFundsGrantsAmt09976
IRS990ScheduleD/DonorAdvisedFundsHeldCnt015
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt0116712
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/RelatedOrgListSchRInd0false
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.82000
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0Howard K Hill
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Officer
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt01500
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Grant
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0Howard K. Hill, president of the organization, is also a board member of an organization that was awarded a $1,500.00 grant.
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0Schedule L, Part V Supplemental Information
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Howard K. Hill, President and Nancy Hill, Secretary, are married.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Form 990 is prepared by an independent CPA, discussed and reviewed with Treasurer prior to review and discussion with all officers, the full board and governing body, and filing with the IRS. The review covers the financial information contained in Parts I, VII - IX as well as Schedule A. The reveiw also covers management's responsibility and the programs financial and non financial information.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The organization has a conflict of interest policy that is completed annually by the officers and directors. If any conflicts are identified, it is the practice of management to review and monitor the conflicts.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3The financial statements along with Form 990 and other required public documents are made available upon written request.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Line 2: Description of Business or Family Relationship of Officers, Directors, Et
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Line 11b: Form 990 Review Process
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Line 12c: Explanation of Monitoring and Enforcement of Conflicts
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxableDistributionsInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt088513
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0177590
IRS990/TempOrPermanentEndowmentsInd0true
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt098837
IRS990/TotalAssetsEOYAmt0177590
IRS990/TotalAssetsGrp/BOYAmt098837
IRS990/TotalAssetsGrp/EOYAmt0177590
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0132227
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt037895
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt073543
IRS990/TotalFunctionalExpensesGrp/TotalAmt0111438
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010324
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt010324
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt088513
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0177590
IRS990/TotalProgramServiceExpensesAmt073543
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalRevenueGrp/ExclusionAmt013049
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0145276
IRS990/TotalVolunteersCnt06
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt098837
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0177590
IRS990/TravelGrp/ManagementAndGeneralAmt02096
IRS990/TravelGrp/TotalAmt02096
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/VotingMembersGoverningBodyCnt06
IRS990/VotingMembersIndependentCnt04
IRS990/WebsiteAddressTxt0www.tpfct.org
IRS990/WhistleblowerPolicyInd0true
ReturnHeader/BuildTS02018-06-14 16:35:46Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Yves Joseph II
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Treasurer
ReturnHeader/BusinessOfficerGrp/SignatureDt02018-05-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE PROSPERITY FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PROS
ReturnHeader/Filer/EIN0474364468
ReturnHeader/Filer/PhoneNum02039091315
ReturnHeader/Filer/USAddress/AddressLine1Txt01287 Chapel St
ReturnHeader/Filer/USAddress/CityNm0New Haven
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CT
ReturnHeader/Filer/USAddress/ZIPCd006511
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262490887
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JOHN A WATTS CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt017 Clemens Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Trumbull
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0CT
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0066111958
ReturnHeader/PreparerPersonGrp/PhoneNum02032613938
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0John A Watts
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02018-05-15T18:25:54-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

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Filings

Displayed year

2017 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$177,590
Liabilities
$0
Net assets
$177,590
Revenue
$145,276
Expenses
$111,438
Net income
$33,838
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.21$0.02$2.19$2.71$3.16$0.45
2023Detailed filing. Detailed filing data is available for this year.$3.99$1.92$2.07$1.96$2.00$0.04
2022Detailed filing. Detailed filing data is available for this year.$1.93$0.00$1.93$1.82$0.55$1.28
2021Detailed filing. Detailed filing data is available for this year.$1.36$0.73$0.63$0.85$0.75$0.09
2020Detailed filing. Detailed filing data is available for this year.$0.48$0.00$0.48$0.33$0.11$0.21
2019Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.16$0.17$0.01
2018Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.09$0.12$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.18$0.00$0.18$0.15$0.11$0.03
2016Detailed filing. Detailed filing data is available for this year.$0.10$0.01$0.09$0.25$0.19$0.06