Civic Intelligence

Corporation for Enterprise Development

990 • Fiscal year 2020 • EIN 52-1141804

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

Organization ProfileWWW.PROSPERITYNOW.ORG

View Organization Page

1200 G Street NW No 400Washington, DC 20005

(202) 408-9788

Siviq Scores

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

Liabilities / Assets

45th percentile

0.17x

Higher debt load relative to assets than 45% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.31x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

16th percentile

-14%

Higher net margin than 16% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

87th percentile

$394,325

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 3.6% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

27th percentile

0.1%

Faster asset growth than 27% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

21st percentile

-18%

Faster revenue growth than 21% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets45th percentile

Assets

Up

$19,779,417

Up $21,103 (+0.1%) from 2019

Net Assets

Down

$16,396,608

Down $954,030 (-5.5%) from 2019

Liabilities

Up

$3,382,809

Up $975,133 (+41%) from 2019

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin16th percentile

Revenue

Down

$11,017,841

Down $2,359,107 (-18%) from 2019

Expenses

Down

$12,600,388

Down $863,924 (-6.4%) from 2019

Net Income

Down

-$1,582,547

Down $1,495,183 (-1711%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth27th percentile

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

$30M$20M$10M$0Assets 2011: $13,569,814Liabilities 2011: $1,390,822Net Assets 2011: $12,178,9922011Assets 2012: $12,714,614Liabilities 2012: $1,296,894Net Assets 2012: $11,417,7202012Assets 2013: $16,517,291Liabilities 2013: $1,141,866Net Assets 2013: $15,375,4252013Assets 2014: $20,157,543Liabilities 2014: $1,445,312Net Assets 2014: $18,712,2312014Assets 2015: $18,390,469Liabilities 2015: $1,563,369Net Assets 2015: $16,827,1002015Assets 2016: $20,100,596Liabilities 2016: $1,966,036Net Assets 2016: $18,134,5602016Assets 2017: $22,186,559Liabilities 2017: $2,277,818Net Assets 2017: $19,908,7412017Assets 2018: $18,901,171Liabilities 2018: $2,505,784Net Assets 2018: $16,395,3872018Assets 2019: $19,758,314Liabilities 2019: $2,407,676Net Assets 2019: $17,350,6382019Assets 2020: $19,779,417Liabilities 2020: $3,382,809Net Assets 2020: $16,396,6082020Assets 2021: $29,090,376Liabilities 2021: $4,681,202Net Assets 2021: $24,409,1742021Assets 2022: $25,395,474Liabilities 2022: $10,020,074Net Assets 2022: $15,375,4002022Assets 2023: $24,905,014Liabilities 2023: $13,637,598Net Assets 2023: $11,267,4162023Assets 2024: $13,716,505Liabilities 2024: $8,229,391Net Assets 2024: $5,487,1142024

Highlighted filing

2020

Assets$19,779,417
Liabilities$3,382,809
Net Assets$16,396,608
Open 2020 Filing

Operations Trend

Revenue Growth21st percentile

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

$30M$20M$10M$0-$10MRevenue 2011: $8,807,136Expenses 2011: $8,668,997Net Income 2011: $138,1392011Revenue 2012: $8,721,146Expenses 2012: $9,695,497Net Income 2012: -$974,3512012Revenue 2013: $13,314,128Expenses 2013: $9,963,025Net Income 2013: $3,351,1032013Revenue 2014: $16,447,925Expenses 2014: $12,314,502Net Income 2014: $4,133,4232014Revenue 2015: $11,675,289Expenses 2015: $13,020,430Net Income 2015: -$1,345,1412015Revenue 2016: $15,575,219Expenses 2016: $14,653,596Net Income 2016: $921,6232016Revenue 2017: $14,826,620Expenses 2017: $13,929,936Net Income 2017: $896,6842017Revenue 2018: $12,407,376Expenses 2018: $14,605,187Net Income 2018: -$2,197,8112018Revenue 2019: $13,376,948Expenses 2019: $13,464,312Net Income 2019: -$87,3642019Revenue 2020: $11,017,841Expenses 2020: $12,600,388Net Income 2020: -$1,582,5472020Revenue 2021: $24,644,874Expenses 2021: $17,332,743Net Income 2021: $7,312,1312021Revenue 2022: $17,231,034Expenses 2022: $24,165,756Net Income 2022: -$6,934,7222022Revenue 2023: $20,410,607Expenses 2023: $25,139,910Net Income 2023: -$4,729,3032023Revenue 2024: $14,096,149Expenses 2024: $19,551,072Net Income 2024: -$5,454,9232024

Highlighted filing

2020

Revenue$11,017,841
Expenses$12,600,388
Net Income-$1,582,547
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Nov 1, 2021
Return Version
2020v4.1
Gross Receipts
$11,372,063
Mission and Program Overview

Mission

Prosperity now's (formerly cfed) work makes it possible for millions of people to achieve financial security and contribute to an opportunity economy. We scale innovative practical solutions that empower low-and moderate-income people to build wealth. We drive responsive policy change at all levels of government. We support the efforts of community leaders across the country to advance economic opportunity for all.

SEE PART III, LINE 1.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$8,249,778$9,107,992▲ $858,214
Cash and Non-Interest-Bearing Accounts$4,898,712$4,099,572▼ $799,140
Pledges and Grants Receivable$2,898,190$2,889,679▼ $8,511
Investments Program Related$2,250,000$2,250,000→ $0
Land, Buildings, and Equipment, Net$941,753$811,882▼ $129,871
Prepaid Expenses and Deferred Charges$173,996$461,739▲ $287,743
Accounts Receivable$200,352$52,165▼ $148,187
Savings and Temporary Cash Investments$79,597$40,452▼ $39,145
Total Assets$19,758,314$19,779,417▲ $21,103
Other Assets Total$65,936$65,936→ $0
Liabilities
Unsecured Notes Loans Payable-$1,273,700-
Other Liabilities$1,332,950$1,261,902▼ $71,048
Accounts Payable and Accrued Expenses$1,025,528$725,507▼ $300,021
Grants Payable$49,198$121,700▲ $72,502
Total Liabilities$2,407,676$3,382,809▲ $975,133
Net Assets / Fund Balance
Net Assets With Donor Restrictions$12,606,088$13,311,368▲ $705,280
Net Assets Without Donor Restrictions$4,744,550$3,085,240▼ $1,659,310
Total Net Assets Fund Balance$17,350,638$16,396,608▼ $954,030
Total Liabilities and Net Assets / Fund Balance$19,758,314$19,779,417▲ $21,103

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$742,028$534,592$1,276,620
Other Land Buildings$19,210$909,388$928,598
Equipment$50,644$233,068$283,712
Investment Program Related Org$2,250,000--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$5,564,420-▲ $127,954-$5,692,374
2019$7,747,917-▲ $188,170$2,371,667$5,564,420
2018$10,947,464-▼ $162,803$3,036,744$7,747,917
2017$9,427,803-▲ $1,519,661-$10,947,464
2016$9,058,710-▲ $369,093-$9,427,803
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary CunninghamPresidentFT$330,648$63,677$394,325
Cherie Collins SimsChief Strategy & Innovation OfficerFT$236,144$30,302$266,446
Caryn SweeneyChief Phil. Off. (through 10/20)FT$210,667$52,536$263,203
David NewvilleVice President, Policy & ResearchFT$224,835$17,042$241,877
Lillian SinghVP, Programs & Racial Wealth EquityFT$222,798$11,026$233,824
Frances RosebushVP, Partnerships, Field Eng. & Pol.FT$181,882$14,818$196,700
Opal HawkinsCFO/COO (beg. 09/20)FT$85,882$6,281$92,163
Adnan BokhariCFO/COO (through 03/20)FT$59,425$7,916$67,341

Board Members and Trustees

NameTitle
Asheesh AdvaniChair
Robert E FriedmanChair-emeritus & General Counsel
Ellen LazarVice Chair
Annie BurnsDirector
Bea StotzerDirector
Bill BynumDirector
Brandee MchaleDirector
Courtney HodappDirector
Judith BellDirector
Martha KanterDirector
Robin MckinneyDirector
Sherry Salway BlackDirector
Victor ReinosoDirector
Ronald GrzywinskiSecretary
John KalamaridesTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Next Street Financial LLCAdvisory Services75 BROAD STREET SUITE 702, New York, NY 10004$150,000
Revenue and Support

Revenue Composition

Contributions and Grants
$10,257,757
Program Service Revenue
$487,544
Investment Income
$271,129
Other Revenue
$1,411
All Other Contributions
$10,257,757
Change in Net Assets
$-1,582,547

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Securities Publicly Traded1$50,482Fair Market Value (FMV)
Total Noncash Contributions1$50,482-

Audited Revenue Reconciliation

Revenue per Audited Statements
$10,999,764
Revenue Not Reported on Financial Statements
$18,077
Revenue Not Reported on Form 990
$628,517
Total Revenue per Audited Statements
$11,628,281
Total Revenue per Form 990
$11,017,841
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$8,152,618
Other Expenses$2,986,978
Grants and Similar Amounts Paid$1,436,292
Total Fundraising Expense$975,669
Professional Fundraising Fees$24,500

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,468,220$214,614$676,564$6,359,398
Grants to Domestic Orgs$1,436,292--$1,436,292
Fees for Services Other$1,023,576$73,696$61,306$1,158,578
Occupancy$718,858$60,208$81,859$860,925
Other Employee Benefits$480,662$24,585$53,012$558,259
Current Officers, Directors, Trustees, and Key Employees$362,113$191,716-$553,829
Payroll Taxes$409,884$28,538$42,953$481,375
Pension Plan Contributions$173,756$6,782$19,219$199,757
Information Technology$119,395$59,865-$179,260
Depreciation Depletion$104,710$47,061-$151,771
Conferences and Meetings$80,080$38,002$5,682$123,764
Travel$48,101$17,284$2,292$67,677
Fees for Services Accounting-$54,800-$54,800
Office Expenses$38,278$15,095$504$53,877
Fees for Services Legal$1,064$31,424-$32,488
Insurance$21,628$9,593-$31,221
Fees for Services Professional Fundraising--$24,500$24,500
Fees for Service Investment Mgmnt Fees-$18,077-$18,077
Other Expenses$3,735$1,656$7,778$5,391
Interest$446$198-$644
All Other Expenses$230$132-$362
Total Functional Expenses$10,695,152$929,567$975,669$12,600,388

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$12,600,388
Expenses per Audited Statements$12,582,311
Total Expenses per Audited Statements$12,582,311
Expenses Not Reported on Financial Statements$18,077
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Foundation CommunitiesAustin, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$56,000
East La Community CorporationLos Angeles, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$41,000
TEXAS MUSLIM WOMEN'S FOUNDATION INCPlano, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$41,000
University of Arkansas Fayetteville CampusFayetteville, AR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$41,000
North Lawndale Employment NetworkChicago, IL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$33,333
Capital Area United WayBaton Rouge, LA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$29,052
Dallas Leadership FoundationDallas, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$28,333
Manna IncWashington, DC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$27,500
Office of the Treasurer City of St LouisSt Louis, MO501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$25,437
Center on Budget and Policy PrioritiesWashington, DC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$25,000
INSPIRING TOMORROW'S LEADERS INCDuncanville, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$23,334
Spanish Coalition for HousingChicago, IL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$23,334
Big ThoughtDallas, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$23,333
Greater Auburn Gresham Development CorporationChicago, IL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$23,333
Arkansas Community InstituteLittle Rock, AR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Care Community Center IncRogers, AR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Circles of Mercy IncRensselaer, NY501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Community Action Agency of Southern New MexicoLas Cruces, NM501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Community Action Partnership AssociationLayton, UT501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Covenant Faith Outreach Ministries -(covenant Cdc)Tupelo, MS501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Experiment in Self-relianceWinston Salem, NC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Gecu FoundationEl Paso, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Goodwill Industries of Southwest Oklahoma & NorthLawton, OK501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Goodwill Industries of Tulsa IncTulsa, OK501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
La Casa De EsperanzaWaukesha, WI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Life Transforming MinistriesCoatesville, PA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Natl Assn for the Advancement of Colored PeopleAthens, AL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Polk Prosperity Campaign IncWaverly, FL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
San Juan CollegeFarmington, NM501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Southern Bancorp Community PartnersLittle Rock, AR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of Central Georgia IncMacon, GA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of Greenville County IncGreenville, SC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of Greenwood and Abbeville CountiesGreenwood, SC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of Southern Cameron CountyBrownsville, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of the Lowcountry IncBeaufort, SC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of the Mid-southMemphis, TN501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of the QuachitasHot Springs, AR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of the Wine CountrySanta Rosa, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Central Detroit Christian Community Development CoDetroit, MI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$17,500
Indiana Youth InstituteIndianapolis, IN501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$16,500
Oakland Promise Dba East Bay College FundOakland, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$16,500
City and County of San FranciscoSan Francisco, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,608
Alabama Asset Building CoalitionBirmingham, AL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
Bridging CommunitiesDetroit, MI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
City First Homes IncWashington, DC501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
East River Development AllianceLong Island City, NY501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
Koreatown Youth and Community CenterLos Angeles, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
Massachusetts Association for Community ActionBoston, MA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
United Ways of CaliforniaSouth Pasadena, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$15,000
BakerripleyHouston, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$14,300
Goodwill Industries of the Southern RiversColumbus, GA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$12,900
United Way of Kern CountyBakersfield, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$12,600
Cash Campaign of MarylandBaltimore, MD501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$11,180
Community Foundation for Muskegon CountyMuskegon, MI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$11,000
Inversant IncBoston, MA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$11,000
Campaign for Working Families IncPhiladelphia, PA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$10,000
Connecticut Association for Human ServicesHartford, CT501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$10,000
Hispanic Unity of Florida IncHollywood, FL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$10,000
Orange County United WayIrvine, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$10,000
Branches IncMiami, FL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$9,400
United Way of Middle Tennessee IncNashville, TN501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$8,500
United Way of Tucson and Southern Arizona IncTucson, AZ501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,500
By Degrees FoundationDes Moines, IA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,300
Community Partners Fbo El Monte PromiseLos Angeles, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,300
Kansas City ScholarsKansas City, MO501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,300
Providence PromiseProvidence, RI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,300
Oklahoma Native Assets CoalitionOklahoma City, OK501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,252
United Way of Lancaster CountyLancaster, PA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$7,100
United Way of Central Ohio IncColumbus, OH501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$6,600
Nevada Free Taxes CoalitionLas Vegas, NV501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$6,300
City of MiamiMiami, FL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$6,200
United Way of King CountySeattle, WA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$6,000
College Dreams IncGrants Pass, OR501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,800
Springboard to OpportunitiesJackson, MS501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,800
Barry Community FoundationHastings, MI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,500
City of LansingLansing, MI501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,500
Saint Paul and Minnesota FoundationSaint Paul, MN501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,500
United Way of Central AlabamaBirmingham, AL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,300
Berkshire Community Action Council IncPittsfield, MA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,200
Impact AmericaBirmingham, AL501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,200
United Way Fresno and Madera CountiesFresno, CA501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,200
Community Development Corporation of BrownsvilleBrownsville, TX501(c)(3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$5,100
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$24,500
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deferred Rent$1,261,902
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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 form 990 was prepared by outside accountants and reviewed by the finance/investment committee. A final copy of the 990 was provided to each board member before filing with the irs.”

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

“Prosperity now's conflicts of interest policy and a conflict of interest declaration statement are distributed annually to all members of the board of directors. The directors must answer a series of questions to disclose any conflicts of interest and sign the statement. Also, prosperity now's employees' handbook contains a conflict of interest policy that all employees must sign. Upon the first knowledge by an interested person that prosperity now is considering or has considered a transaction or arrangement with an entity or individual with which the interested person has an interest, the interested person must disclose the existence and nature of his or her interest to the president. After disclosure of the interest, the interested person may not participate in consideration of the proposed transaction or arrangement and is not present for the consideration of or vote on such transaction unless the president requests information from the interested person.”

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

“To determine the president's compensation, the organization compiled 990 data from like organizations and used data from independent surveys. This data was reviewed and deliberated by the organization's board, which also conducted a formal review of the president's performance. The board voted on and approved the president's compensation and documented its deliberations in the organization's records. The last review took place in february 2020.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Prosperity Now
EIN
52-1141804
Phone
2024089788
Address
1200 G STREET NW NO 400, WASHINGTON, DC 20005

Signing Officer

Name
Gary Cunningham
Title
President
Phone
2024089788
Signed
2021-11-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Gary Cunningham
Formed
1979
Legal Domicile
Dc
Voting Board Members
16
Independent Board Members
15
Employees
74
Volunteers
15

Preparer

Firm
Gelman Rosenberg & Freedman
Address
4550 MONTGOMERY AVE SUITE 800N, BETHESDA, MD 20814-2930
Preparer
Richard J Locastro CPA
Phone
3019519090
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

“To promote the organization's mission and expand its reach to the under-served population.”

PART X, LINE 2:

“For the years ended december 31, 2020 and 2019, prosperity now has documented its consideration of fasb asc 740-10, income taxes, that provides guidance for reporting uncertainty in income taxes and has determined that no material uncertain tax positions qualify for either recognition or disclosure in the financial statements.”

Raw XML AppendixShowing 400 of 1,626 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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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01677048
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0941753
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0811882
IRS990/LandBldgEquipCostOrOtherBssAmt02488930
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0354222
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd01
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROSPERITY NOW'S (FORMERLY CFED) WORK MAKES IT POSSIBLE FOR MILLIONS OF PEOPLE TO ACHIEVE FINANCIAL SECURITY AND CONTRIBUTE TO AN OPPORTUNITY ECONOMY. WE SCALE INNOVATIVE PRACTICAL SOLUTIONS THAT EMPOWER LOW-AND MODERATE-INCOME PEOPLE TO BUILD WEALTH. WE DRIVE RESPONSIVE POLICY CHANGE AT ALL LEVELS OF GOVERNMENT. WE SUPPORT THE EFFORTS OF COMMUNITY LEADERS ACROSS THE COUNTRY TO ADVANCE ECONOMIC OPPORTUNITY FOR ALL.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt017350638
IRS990/NetAssetsOrFundBalancesEOYAmt016396608
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt032384
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt032384
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0628517
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt04744550
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt03085240
IRS990/NoncashContributionsAmt050482
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt081859
IRS990/OccupancyGrp/ManagementAndGeneralAmt060208
IRS990/OccupancyGrp/ProgramServicesAmt0718858
IRS990/OccupancyGrp/TotalAmt0860925
IRS990/OfficeExpensesGrp/FundraisingAmt0504
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015095
IRS990/OfficeExpensesGrp/ProgramServicesAmt038278
IRS990/OfficeExpensesGrp/TotalAmt053877
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt065936
IRS990/OtherAssetsTotalGrp/EOYAmt065936
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt053012
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt024585
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0480662
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0558259
IRS990/OtherExpensesGrp/Desc0TRANSPORT BENEFIT TAX
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS & DUES
IRS990/OtherExpensesGrp/Desc2PAYROLL SERVICE FEES
IRS990/OtherExpensesGrp/Desc3REGISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt07778
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0933
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt119726
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt215582
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt31656
IRS990/OtherExpensesGrp/ProgramServicesAmt02105
IRS990/OtherExpensesGrp/ProgramServicesAmt1202019
IRS990/OtherExpensesGrp/ProgramServicesAmt23735
IRS990/OtherExpensesGrp/TotalAmt03038
IRS990/OtherExpensesGrp/TotalAmt1229523
IRS990/OtherExpensesGrp/TotalAmt215582
IRS990/OtherExpensesGrp/TotalAmt35391
IRS990/OtherLiabilitiesGrp/BOYAmt01332950
IRS990/OtherLiabilitiesGrp/EOYAmt01261902
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt01411
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01411
IRS990/OtherRevenueTotalAmt01411
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0676564
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0214614
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05468220
IRS990/OtherSalariesAndWagesGrp/TotalAmt06359398
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt042953
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028538
IRS990/PayrollTaxesGrp/ProgramServicesAmt0409884
IRS990/PayrollTaxesGrp/TotalAmt0481375
IRS990/PensionPlanContributionsGrp/FundraisingAmt019219
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt06782
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0173756
IRS990/PensionPlanContributionsGrp/TotalAmt0199757
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt02898190
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02889679
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0173996

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,779,417
Liabilities
$3,382,809
Net assets
$16,396,608
Revenue
$11,017,841
Expenses
$12,600,388
Net income
-$1,582,547
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$13.7$8.23$5.49$14.1$19.6$5.45
2023Detailed filing. Detailed filing data is available for this year.$24.9$13.6$11.3$20.4$25.1$4.73
2022Detailed filing. Detailed filing data is available for this year.$25.4$10.0$15.4$17.2$24.2$6.93
2021Detailed filing. Detailed filing data is available for this year.$29.1$4.68$24.4$24.6$17.3$7.31
2020Detailed filing. Detailed filing data is available for this year.$19.8$3.38$16.4$11.0$12.6$1.58
2019Detailed filing. Detailed filing data is available for this year.$19.8$2.41$17.4$13.4$13.5$0.09
2018Detailed filing. Detailed filing data is available for this year.$18.9$2.51$16.4$12.4$14.6$2.20
2017Summary only. Only limited summary data is available for this year.$22.2$2.28$19.9$14.8$13.9$0.90
2016Detailed filing. Detailed filing data is available for this year.$20.1$1.97$18.1$15.6$14.7$0.92
2015Detailed filing. Detailed filing data is available for this year.$18.4$1.56$16.8$11.7$13.0$1.35
2014Summary only. Only limited summary data is available for this year.$20.2$1.45$18.7$16.4$12.3$4.13
2013Summary only. Only limited summary data is available for this year.$16.5$1.14$15.4$13.3$9.96$3.35
2012Summary only. Only limited summary data is available for this year.$12.7$1.30$11.4$8.72$9.70$0.97
2011Summary only. Only limited summary data is available for this year.$13.6$1.39$12.2$8.81$8.67$0.14