Civic Intelligence

Prospect Inc

990 • Fiscal year 2019 • EIN 62-0793411

Jul 01, 2018 to Jun 30, 2019 • Filed on Jan 22, 2020

960 Maddox Simpson PkwyLebanon, TN 37090

(615) 444-0597

Siviq Scores

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

Liabilities / Assets

65th percentile

0.31x

Higher debt load relative to assets than 65% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

38th percentile

0.10x

Higher debt load relative to revenue than 38% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

47th percentile

1.9%

Higher net margin than 47% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

27th percentile

$66,135

Higher top officer pay than 27% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Asset Growth

61st percentile

6.8%

Faster asset growth than 61% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

36th percentile

-0.7%

Faster revenue growth than 36% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$1,984,888

Up $126,379 (+6.8%) from 2018

Net Assets

Up

$1,376,423

Up $117,597 (+9.3%) from 2018

Liabilities

Up

$608,465

Up $8,782 (+1.5%) from 2018

Revenue

Down

$6,191,267

Down $42,068 (-0.7%) from 2018

Expenses

Down

$6,073,670

Down $19,153 (-0.3%) from 2018

Net Income

Down

$117,597

Down $22,915 (-16%) from 2018

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2011: $3,705,391Liabilities 2011: $2,120,480Net Assets 2011: $1,584,9112011Assets 2012: $3,725,956Liabilities 2012: $1,661,610Net Assets 2012: $2,064,3462012Assets 2013: $3,799,273Liabilities 2013: $1,634,929Net Assets 2013: $2,164,3442013Assets 2014: $2,420,662Liabilities 2014: $723,634Net Assets 2014: $1,697,0282014Assets 2015: $2,439,146Liabilities 2015: $602,300Net Assets 2015: $1,836,8462015Assets 2016: $1,453,712Liabilities 2016: $592,793Net Assets 2016: $860,9192016Assets 2017: $1,691,144Liabilities 2017: $572,830Net Assets 2017: $1,118,3142017Assets 2018: $1,858,509Liabilities 2018: $599,683Net Assets 2018: $1,258,8262018Assets 2019: $1,984,888Liabilities 2019: $608,465Net Assets 2019: $1,376,4232019Assets 2020: $3,100,274Liabilities 2020: $1,704,816Net Assets 2020: $1,395,4582020Assets 2021: $2,980,515Liabilities 2021: $590,747Net Assets 2021: $2,389,7682021Assets 2022: $0Liabilities 2022: $0Net Assets 2022: $02022

Highlighted filing

2019

Assets$1,984,888
Liabilities$608,465
Net Assets$1,376,423

Operations Trend

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

$15M$10M$5.0M$0-$5.0MRevenue 2011: $11,259,793Expenses 2011: $11,345,157Net Income 2011: -$85,3642011Revenue 2012: $11,894,630Expenses 2012: $11,509,453Net Income 2012: $385,1772012Revenue 2013: $10,816,293Expenses 2013: $10,716,293Net Income 2013: $100,0002013Revenue 2014: $9,640,759Expenses 2014: $10,110,255Net Income 2014: -$469,4962014Revenue 2015: $8,833,015Expenses 2015: $8,693,197Net Income 2015: $139,8182015Revenue 2016: $7,571,168Expenses 2016: $8,547,095Net Income 2016: -$975,9272016Revenue 2017: $7,530,777Expenses 2017: $7,273,382Net Income 2017: $257,3952017Revenue 2018: $6,233,335Expenses 2018: $6,092,823Net Income 2018: $140,5122018Revenue 2019: $6,191,267Expenses 2019: $6,073,670Net Income 2019: $117,5972019Revenue 2020: $5,921,912Expenses 2020: $5,902,877Net Income 2020: $19,0352020Revenue 2021: $6,938,330Expenses 2021: $5,944,020Net Income 2021: $994,3102021Revenue 2022: $4,222,641Expenses 2022: $4,065,614Net Income 2022: $157,0272022

Highlighted filing

2019

Revenue$6,191,267
Expenses$6,073,670
Net Income$117,597
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jan 22, 2020
Return Version
2018v3.1
Gross Receipts
$6,191,267
Mission and Program Overview

Mission

To provide support services and employment to people who have disabilities or other barriers to personal independence.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,059,340$854,910▼ $204,430
Accounts Receivable$509,927$595,446▲ $85,519
Savings and Temporary Cash Investments-$250,000-
Land, Buildings, and Equipment, Net$229,824$211,766▼ $18,058
Pledges and Grants Receivable$55,884$48,355▼ $7,529
Prepaid Expenses and Deferred Charges$3,534$24,411▲ $20,877
Total Assets$1,858,509$1,984,888▲ $126,379
Liabilities
Accounts Payable and Accrued Expenses$529,864$497,777▼ $32,087
Deferred Revenue$69,819$110,688▲ $40,869
Total Liabilities$599,683$608,465▲ $8,782
Net Assets / Fund Balance
Unrestricted Net Assets$1,258,826$1,376,423▲ $117,597
Total Net Assets Fund Balance$1,258,826$1,376,423▲ $117,597
Total Liabilities and Net Assets / Fund Balance$1,858,509$1,984,888▲ $126,379

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$209,138$711,922$921,060
Leasehold Improvements$2,628$725,230$727,858
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Michael PittmanControllerFT$66,135$66,135
Andy WhiteExecutive DirectorFT$33,673$33,673

Board Members and Trustees

NameTitle
Heather BayChairman of the Board
Joe CowanVice Chairman
Callie GammonBoard Member
Clancey HopperBoard Member
Duane HarperBoard Member
Ellen MattinglyBoard Member
Jan HallmarkBoard Member
Marlese AllenBoard Member
Matt BridgesBoard Member
Xavier SmithBoard Member
Lauren WoodenSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$6,099,290
Program Service Revenue
$0
Investment Income
$7,512
Other Revenue
$84,465
All Other Contributions
$41,861
Change in Net Assets
$117,597
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$5,288,011
Other Expenses$785,659
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,909,129$455,256-$4,364,385
Other Employee Benefits$501,647$60,927-$562,574
Payroll Taxes$305,258$37,075-$342,333
Occupancy$100,232$76,824-$177,056
Fees for Services Other$13,255$145,120-$158,375
Depreciation Depletion$86,454$8,385-$94,839
Insurance$34,397$39,943-$74,340
Pension Plan Contributions$16,656$2,063-$18,719
Travel$15,328$3,337-$18,665
Other Expenses$8,909$7,748-$16,657
All Other Expenses$10,782$2,720-$13,502
Total Functional Expenses$5,160,192$913,478$0$6,073,670
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
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

The completed form 990 is mailed to each board member with the request to review it within one week, at their option. The finance committee is required to review and approve the return.

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

Annually, the controller reviews the conflict of interest statements and works to identify conflicts with vendors and customers.

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

Either the director of human resources or the controller obtains comparability data and proposes to the board of directors a compensation package for the executive director, who is the agency's only officer. The proposed compensation package and all supporting data are presented to the full board for approval before the beginning of the compensation year. The board discussion and decisions are documented in the minutes of the meeting.

Form 990, Part VI, Section C, Line 19

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

Filing and Contact Details

Filer

Filer Name
Prospect Inc
EIN
62-0793411
Phone
6154440597
Address
960 MADDOX SIMPSON PKWY, LEBANON, TN 37090

Signing Officer

Name
Michael Pittman
Title
Controller
Phone
6154440597
Signed
2020-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Audria Frattini
Formed
1967
Legal Domicile
Tn
Voting Board Members
11
Independent Board Members
11
Employees
209
Volunteers
0

Preparer

Firm
Dempsey Vantrease & Follis Pllc
Address
724 WEST MAIN STREET, LEBANON, TN 37087
Preparer
Sharon Lynch CPA
Phone
6154444125
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IRS990/PayrollTaxesGrp/ProgramServicesAmt0305258
IRS990/PayrollTaxesGrp/TotalAmt0342333
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt02063
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt016656
IRS990/PensionPlanContributionsGrp/TotalAmt018719
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055884
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt048355
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03534
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024411
IRS990/PrincipalOfficerNm0AUDRIA FRATTINI
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt06125074
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt014753
IRS990/PYOtherExpensesAmt0772050
IRS990/PYOtherRevenueAmt093508
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0140512
IRS990/PYSalariesCompEmpBnftPaidAmt05320773
IRS990/PYTotalExpensesAmt06092823
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt06233335
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0117597
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt084465
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0250000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt06099290
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt06125074
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt06908981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt06657545
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt06530315
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt032321205
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt07112
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03603
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01609
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt01619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01753
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt015696
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt093508
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt030199
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt037311
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt053438
IRS990ScheduleA/OtherIncome170Grp/TotalAmt0214456
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99290
IRS990ScheduleA/PublicSupportPY170Pct00.99120
IRS990ScheduleA/PublicSupportTotal170Amt032321205
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt06099290
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt06125074
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt06908981
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt06657545
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt06530315
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt032321205
IRS990ScheduleA/TotalSupportAmt032551357
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0209138
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0711922
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0921060
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02628
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0725230
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0727858
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0211766
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE COMPLETED FORM 990 IS MAILED TO EACH BOARD MEMBER WITH THE REQUEST TO REVIEW IT WITHIN ONE WEEK, AT THEIR OPTION. THE FINANCE COMMITTEE IS REQUIRED TO REVIEW AND APPROVE THE RETURN.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ANNUALLY, THE CONTROLLER REVIEWS THE CONFLICT OF INTEREST STATEMENTS AND WORKS TO IDENTIFY CONFLICTS WITH VENDORS AND CUSTOMERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EITHER THE DIRECTOR OF HUMAN RESOURCES OR THE CONTROLLER OBTAINS COMPARABILITY DATA AND PROPOSES TO THE BOARD OF DIRECTORS A COMPENSATION PACKAGE FOR THE EXECUTIVE DIRECTOR, WHO IS THE AGENCY'S ONLY OFFICER. THE PROPOSED COMPENSATION PACKAGE AND ALL SUPPORTING DATA ARE PRESENTED TO THE FULL BOARD FOR APPROVAL BEFORE THE BEGINNING OF THE COMPENSATION YEAR. THE BOARD DISCUSSION AND DECISIONS ARE DOCUMENTED IN THE MINUTES OF THE MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE AGENCY MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0PROSPECT HOUSING PROPERTIES INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1PROSPECT HOUSING DEKALB INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0205869855
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN1261471038
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1HOUSING
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1LINE 7
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0960 MADDOX SIMPSON PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1960 MADDOX SIMPSON PARKWAY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LEBANON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1LEBANON
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd1TN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd037090
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd137090
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd01
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd01
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt04352
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt13167
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0HUD REGULATIONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1HUD REGULATIONS
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0PROSPECT HOUSING PROPERTIES INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1PROSPECT HOUSING DEKALB INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0L
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1L
IRS990ScheduleR/TransferFromOtherOrgInd00
IRS990ScheduleR/TransferToOtherOrgInd00

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