Civic Intelligence

Corporation for Enterprise Development

990 • Fiscal year 2022 • EIN 52-1141804

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

Organization ProfileWWW.PROSPERITYNOW.ORG

View Organization Page

1200 G Street NW 400Washington, DC 20005

(202) 408-9788

Siviq Scores

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

Liabilities / Assets

67th percentile

0.39x

Higher debt load relative to assets than 67% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

67th percentile

0.58x

Higher debt load relative to revenue than 67% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

7th percentile

-40%

Higher net margin than 7% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

78th percentile

$415,061

Higher top officer pay than 78% of similar nonprofits.

Top officer pay equals 2.4% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

14th percentile

-13%

Faster asset growth than 14% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

12th percentile

-30%

Faster revenue growth than 12% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets67th percentile

Assets

Down

$25,395,474

Down $3,694,902 (-13%) from 2021

Net Assets

Down

$15,375,400

Down $9,033,774 (-37%) from 2021

Liabilities

Up

$10,020,074

Up $5,338,872 (+114%) from 2021

Revenue And Expenses
Liabilities / Revenue67th percentileNet Margin7th percentile

Revenue

Down

$17,231,034

Down $7,413,840 (-30%) from 2021

Expenses

Up

$24,165,756

Up $6,833,013 (+39%) from 2021

Net Income

Down

-$6,934,722

Down $14,246,853 (-195%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth14th 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

2022

Assets$25,395,474
Liabilities$10,020,074
Net Assets$15,375,400
Open 2022 Filing

Operations Trend

Revenue Growth12th 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

2022

Revenue$17,231,034
Expenses$24,165,756
Net Income-$6,934,722
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$17,742,974
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$10,260,919$8,417,535▼ $1,843,384
Cash and Non-Interest-Bearing Accounts$10,135,149$7,196,559▼ $2,938,590
Investments Program Related$2,250,000$2,250,000→ $0
Pledges and Grants Receivable$4,969,486$2,050,000▼ $2,919,486
Prepaid Expenses and Deferred Charges$495,581$485,236▼ $10,345
Land, Buildings, and Equipment, Net$770,383$138,722▼ $631,661
Savings and Temporary Cash Investments$42,332$28,392▼ $13,940
Accounts Receivable$100,590$4,257▼ $96,333
Total Assets$29,090,376$25,395,474▼ $3,694,902
Other Assets Total$65,936$4,824,773▲ $4,758,837
Liabilities
Other Liabilities$1,175,248$5,218,059▲ $4,042,811
Grants Payable$2,151,528$3,589,500▲ $1,437,972
Accounts Payable and Accrued Expenses$1,341,576$1,212,515▼ $129,061
Deferred Revenue$12,850--
Total Liabilities$4,681,202$10,020,074▲ $5,338,872
Net Assets / Fund Balance
Net Assets With Donor Restrictions$16,432,640$14,525,242▼ $1,907,398
Net Assets Without Donor Restrictions$7,976,534$850,158▼ $7,126,376
Total Net Assets Fund Balance$24,409,174$15,375,400▼ $9,033,774
Total Liabilities and Net Assets / Fund Balance$29,090,376$25,395,474▼ $3,694,902

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$125,099$677,796$802,895
Other Land Buildings$0$572,059$572,059
Leasehold Improvements$13,623$166,851$180,474
Investment Program Related Org$2,250,000--
Other Assets Org$22,942--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$5,820,548-▼ $358,564-$5,461,984
2021$5,692,374-▲ $128,174-$5,820,548
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
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Gary CunninghamPresidentFT$332,904$82,157$415,061
Dr Cherie Collins SimsChief Strategy and Innovation OfficerFT$285,250$28,025$313,275
Dr Cherie Collins SimsChief Strategy and Innovation Office-$269,500$43,775$313,275
Mary-frances WainChief Engagement OfficerFT$264,250$39,720$303,970
Rebecca ThompsonVP, Strat Ptnship & Ntwk BldgFT$226,550$30,319$256,869
Jennifer BroomeVice President, PhilantropyFT$225,700$28,876$254,576
Chanda Lupunga-phillipsVice President, Talent & CultureFT$203,000$34,113$237,113

Board Members and Trustees

NameTitle
Victor ReinosoChair
Courtney Howard HodappVice Chair
Annie BurnsDirector
Bea StotzerDirector
Darlene GoinsDirector
Garnesha EzediaroDirector
Jackson BrossyDirector
Jada Grandy-mockDirector
John a PowellDirector
Megan SelbyDirector
Robin MckinneyDirector
Serra Falk GoldmanDirector
Ronald GrzywinskiSecretary
Romilda AvilaTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Giant Machines Software LLCSoftware Engineering Support1 LIBERTY PLAZA FLOOR 3, New York, NY 10006$492,000
Porter Novelli INCCommunication And Public Relations Suppo220 EAST 42ND STREET 11TH FLOOR, New York, NY 10017$383,795
Chapman Cubine Allen & Hussey INCFr & Consulting Services2000 15TH STREET NORTH, Arlington, VA 22201$273,824
Datakind INCData Science Consulting Services271 CADMAN PLZ E, Brooklyn, NY 11202$225,000
Boston Consulting GroupTalent Acquisition Services300 N LASALLE STREET, Chicago, IL 60654$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$16,034,692
Program Service Revenue
$720,239
Investment Income
$371,741
Other Revenue
$104,362
All Other Contributions
$15,749,692
Change in Net Assets
$-6,934,722

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 Traded2$69,262Fair Market Value (FMV)
Total Noncash Contributions2$69,262-

Audited Revenue Reconciliation

Revenue per Audited Statements
$17,193,877
Revenue Not Reported on Financial Statements
$37,157
Revenue Not Reported on Form 990
$-2,099,052
Total Revenue per Audited Statements
$15,094,825
Total Revenue per Form 990
$17,231,034
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$10,983,969
Other Expenses$8,183,542
Grants and Similar Amounts Paid$4,585,750
Total Fundraising Expense$1,757,916
Professional Fundraising Fees$412,495

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$5,344,065$2,396,734$1,000,404$8,741,203
Fees for Services Other$3,212,242$1,544,608-$4,756,850
Grants to Domestic Orgs$4,585,750--$4,585,750
Conferences and Meetings$1,135,399$103,992$36,634$1,276,025
Other Employee Benefits$443,482$260,096$88,852$792,430
Occupancy$128,380$548,730$65,299$742,409
Travel$543,642$67,041$16,834$627,517
Payroll Taxes$353,230$195,744$66,787$615,761
Pension Plan Contributions$233,743$138,461$47,310$419,514
Current Officers, Directors, Trustees, and Key Employees$394,308$16,602$4,151$415,061
Fees for Services Professional Fundraising--$412,495$412,495
Fees for Services Legal$62,497$39,065-$101,562
Office Expenses$35,373$46,473$1,115$82,961
Information Technology$2,783$64,965$210$67,958
Depreciation Depletion-$63,834-$63,834
Fees for Services Accounting-$50,804-$50,804
Insurance$1,313$36,121-$37,434
Fees for Service Investment Mgmnt Fees-$37,157-$37,157
Other Expenses$233$6,411$17,825$6,644
Interest$1$27-$28
Total Functional Expenses$16,603,843$5,803,997$1,757,916$24,165,756

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$24,165,756
Expenses per Audited Statements$24,128,599
Total Expenses per Audited Statements$24,128,599
Expenses Not Reported on Financial Statements$37,157
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Entrepreneur Ready IncEdmonds, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$1,900,000
Amalgamated Charitable Foundation IncWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$500,000
Pacific Community Ventures IncOakland, CA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$500,000
African Development CenterMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$173,125
Ampac Tri-state Cdc IncOntario, CA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$160,000
City First EnterprisesWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$160,000
Greater Jamaica Development CorporationJamaica, NY501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$160,000
Metropolitan Economic Development AssociationMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$160,000
Collegiate Directions IncBethesda, MD501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
Housing Association of Nonprofit DevelopersWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
Latino Economic Development CenterWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
Lift IncWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
MY SISTER'S PLACEWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
Marshall Heights Community Development OrganizationWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
The Safe Sisters CircleWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
The Urban InstituteWashington, DC501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$50,000
Detroit Future CityDetroit, MI501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$25,000
Nonprofit Knowledge Works IncNew Orleans, LA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$25,000
Branches IncMiami, FL501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,150
Connecticut Association for Human ServicesHartford, CT501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,150
Koreatown Youth and Community CenterLos Angeles, CA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,150
Massachusetts Association for Community ActionBoston, MA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,150
United Way Bay AreaSan Francisco, CA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,150
Catalyst MiamiMiami, FL501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
CeibaPhiladelphia, PA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Chn Housing Partners Fka Cleveland Housing NetworkCleveland, OH501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Neighborhood Improvement AssociationSavannah, GA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
United Way of Central New MexicoAlbuquerque, NM501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$20,000
Africatown Community Land TrustSeattle, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Big ThoughtDallas, TX501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Build Wealth Mn IncMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Communities RiseSeattle, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Dallas Leadership FoundationDallas, TX501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Greater Auburn Gresham Development CorporationChicago, IL501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Hope Community IncMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
INSPIRING TOMORROW'S LEADERS INCDuncanville, TX501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
North Lawndale Employment NetworkChicago, IL501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Northside Economic Opportunity NetworkMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Spanish Coalition for HousingChicago, IL501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
The African American Leadership ForumMinneapolis, MN501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Urban ImpactSeattle, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Urban League of Metropolitan SeattleSeattle, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
White Center Community Development AssociationSeattle, WA501 (c) (3)TO PROMOTE THE ORGANIZATION'S MISSION & EXPAND ITS REACH TO THE UNDERSERVED POPULATION$13,125
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
Yes

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$412,495
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Operating Lease Liability$5,195,117
Financing Lease Liability$22,942
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 march 2021.”

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 400, WASHINGTON, DC 20005

Signing Officer

Name
Cherie Collins Sims
Title
Interim President & CEO
Phone
2024089788
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Cherie Collins Sims
Formed
1979
Legal Domicile
Dc
Voting Board Members
14
Independent Board Members
14
Employees
101
Volunteers
30

Preparer

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

Additional Explanations

Form 990, Part IX, Line 11G

“Other professional fees: program service expenses 2,721,428. Management and general expenses 1,527,531. Fundraising expenses 0. Total expenses 4,248,959. Subcontractors: program service expenses 490,814. Management and general expenses 17,077. Fundraising expenses 0. Total expenses 507,891.”

Financial Statement Notes

PART V, LINE 4:

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

PART X, LINE 2:

“For the years ended december 31, 2022 and 2021, 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 1,454 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/AccountsReceivableGrp/EOYAmt04257
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0SEE PART III, LINE 1.
IRS990/AllOtherContributionsAmt015749692
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0IRINA KRIVOSHEENKO
IRS990/BooksInCareOfDetail/PhoneNum02024089788
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01200 G STREET NW 400
IRS990/BooksInCareOfDetail/USAddress/CityNm0WASHINGTON
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DC
IRS990/BooksInCareOfDetail/USAddress/ZIPCd020005
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IRS990/ChangeToOrgDocumentsInd00
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IRS990/CollectionsOfArtInd00
IRS990/CompCurrentOfcrDirectorsGrp/FundraisingAmt04151
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd3NY
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd4IL
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IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd311202
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd460654
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0GIANT MACHINES SOFTWARE LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PORTER NOVELLI INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2CHAPMAN CUBINE ALLEN & HUSSEY INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt3DATAKIND INC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt4BOSTON CONSULTING GROUP
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IRS990/ContractorCompensationGrp/ServicesDesc1COMMUNICATION AND PUBLIC RELATIONS SUPPO
IRS990/ContractorCompensationGrp/ServicesDesc2FR & CONSULTING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc3DATA SCIENCE CONSULTING SERVICES
IRS990/ContractorCompensationGrp/ServicesDesc4TALENT ACQUISITION SERVICES
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IRS990/Form990PartVIISectionAGrp/PersonNm1COURTNEY HOWARD HODAPP
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IRS990/Form990PartVIISectionAGrp/PersonNm3RONALD GRZYWINSKI
IRS990/Form990PartVIISectionAGrp/PersonNm4JACKSON BROSSY
IRS990/Form990PartVIISectionAGrp/PersonNm5DARLENE GOINS
IRS990/Form990PartVIISectionAGrp/PersonNm6SERRA FALK GOLDMAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JADA GRANDY-MOCK
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBIN MCKINNEY
IRS990/Form990PartVIISectionAGrp/PersonNm9JOHN A POWELL
IRS990/Form990PartVIISectionAGrp/PersonNm10MEGAN SELBY
IRS990/Form990PartVIISectionAGrp/PersonNm11BEA STOTZER
IRS990/Form990PartVIISectionAGrp/PersonNm12ANNIE BURNS
IRS990/Form990PartVIISectionAGrp/PersonNm13GARNESHA EZEDIARO
IRS990/Form990PartVIISectionAGrp/PersonNm14GARY CUNNINGHAM
IRS990/Form990PartVIISectionAGrp/PersonNm15DR CHERIE COLLINS SIMS
IRS990/Form990PartVIISectionAGrp/PersonNm16MARY-FRANCES WAIN
IRS990/Form990PartVIISectionAGrp/PersonNm17REBECCA THOMPSON
IRS990/Form990PartVIISectionAGrp/PersonNm18JENNIFER BROOME
IRS990/Form990PartVIISectionAGrp/PersonNm19CHANDA LUPUNGA-PHILLIPS
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt18232550
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
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IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF STRATEGY AND INNOVATION OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16CHIEF ENGAGEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP, STRAT PTNSHIP & NTWK BLDG
IRS990/Form990PartVIISectionAGrp/TitleTxt18VICE PRESIDENT, PHILANTROPY
IRS990/Form990PartVIISectionAGrp/TitleTxt19VICE PRESIDENT, TALENT & CULTURE
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IRS990/GrantAmt03836015
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IRS990/GrantsToDomesticOrgsGrp/TotalAmt04585750
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt0565395
IRS990/GrossReceiptsAmt017742974
IRS990/GrossRentsGrp/RealAmt026400
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
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IRS990/IndivRcvdGreaterThan100KCnt036
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0210
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt064965
IRS990/InformationTechnologyGrp/ProgramServicesAmt02783
IRS990/InformationTechnologyGrp/TotalAmt067958
IRS990/InsuranceGrp/ManagementAndGeneralAmt036121
IRS990/InsuranceGrp/ProgramServicesAmt01313
IRS990/InsuranceGrp/TotalAmt037434
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IRS990/InterestGrp/ProgramServicesAmt01
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IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0318286
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IRS990/InvestmentsProgramRelatedGrp/EOYAmt02250000
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IRS990/InvestmentsPubTradedSecGrp/EOYAmt08417535
IRS990/IRPDocumentCnt084
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt01416706
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0770383
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0138722
IRS990/LandBldgEquipCostOrOtherBssAmt01555428
IRS990/LegalDomicileStateCd0DC
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt0511940
IRS990/LessRentalExpensesGrp/RealAmt00
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.
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IRS990/MoreThan5000KToOrgInd00
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IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt053455
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IRS990/NondeductibleContributionsInd00
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IRS990/OccupancyGrp/ManagementAndGeneralAmt0548730
IRS990/OccupancyGrp/ProgramServicesAmt0128380
IRS990/OccupancyGrp/TotalAmt0742409
IRS990/OfficeExpensesGrp/FundraisingAmt01115
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt046473
IRS990/OfficeExpensesGrp/ProgramServicesAmt035373
IRS990/OfficeExpensesGrp/TotalAmt082961
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
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IRS990/OtherAssetsTotalGrp/EOYAmt04824773
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt088852
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0260096
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0443482
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0792430
IRS990/OtherExpensesGrp/Desc0SUBSCRIPTIONS & DUES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2REGISTRATION FEES
IRS990/OtherExpensesGrp/FundraisingAmt017825
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt098486
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt188646
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt26411
IRS990/OtherExpensesGrp/ProgramServicesAmt0126971
IRS990/OtherExpensesGrp/ProgramServicesAmt1431
IRS990/OtherExpensesGrp/ProgramServicesAmt2233
IRS990/OtherExpensesGrp/TotalAmt0243282
IRS990/OtherExpensesGrp/TotalAmt189077
IRS990/OtherExpensesGrp/TotalAmt26644
IRS990/OtherLiabilitiesGrp/BOYAmt01175248
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IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt077962
IRS990/OtherRevenueTotalAmt077962
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01000404
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt02396734
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt05344065
IRS990/OtherSalariesAndWagesGrp/TotalAmt08741203
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt066787
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0195744
IRS990/PayrollTaxesGrp/ProgramServicesAmt0353230
IRS990/PayrollTaxesGrp/TotalAmt0615761
IRS990/PensionPlanContributionsGrp/FundraisingAmt047310
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0138461

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,395,474
Liabilities
$10,020,074
Net assets
$15,375,400
Revenue
$17,231,034
Expenses
$24,165,756
Net income
-$6,934,722
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