Civic Intelligence

Prosper Education Foundation

990 • Fiscal year 2020 • EIN 75-2662259

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 17, 2020

Organization ProfilePROSPEREDUCATIONFOUNDATION.ORG
130 N Preston Rd Suite 205Prosper, TX 75078

(469) 208-7075

Siviq Scores

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

Liabilities / Assets

30th percentile

0.02x

Higher debt load relative to assets than 30% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

35th percentile

0.06x

Higher debt load relative to revenue than 35% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Net Margin

8th percentile

-49%

Higher net margin than 8% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

37th percentile

$0

Higher top officer pay than 37% of similar nonprofits.

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

2020 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2020

Asset Growth

9th percentile

-9.7%

Faster asset growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

9th percentile

-46%

Faster revenue growth than 9% of similar nonprofits.

2020 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets30th percentile

Assets

Down

$1,327,745

Down $142,324 (-9.7%) from 2019

Net Assets

Down

$1,305,038

Down $163,347 (-11%) from 2019

Liabilities

Up

$22,707

Up $21,023 (+1248%) from 2019

Revenue And Expenses
Liabilities / Revenue35th percentileNet Margin8th percentile

Revenue

Down

$393,658

Down $332,053 (-46%) from 2019

Expenses

Up

$585,699

Up $147,863 (+34%) from 2019

Net Income

Down

-$192,041

Down $479,916 (-167%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth9th percentile

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2012: $249,582Liabilities 2012: $02012Assets 2013: $265,999Liabilities 2013: $02013Assets 2014: $313,301Liabilities 2014: $02014Assets 2015: $388,217Net Assets 2015: $388,2172015Assets 2016: $538,167Liabilities 2016: $0Net Assets 2016: $538,1672016Assets 2017: $787,386Liabilities 2017: $0Net Assets 2017: $787,3862017Assets 2018: $1,122,446Liabilities 2018: $291Net Assets 2018: $1,122,1552018Assets 2019: $1,470,069Liabilities 2019: $1,684Net Assets 2019: $1,468,3852019Assets 2020: $1,327,745Liabilities 2020: $22,707Net Assets 2020: $1,305,0382020Assets 2021: $1,608,849Liabilities 2021: $2,170Net Assets 2021: $1,606,6792021Assets 2022: $2,337,393Liabilities 2022: $1,676Net Assets 2022: $2,335,7172022Assets 2023: $2,657,542Liabilities 2023: $3,554Net Assets 2023: $2,653,9882023Assets 2024: $3,270,668Liabilities 2024: $541Net Assets 2024: $3,270,1272024

Highlighted filing

2020

Assets$1,327,745
Liabilities$22,707
Net Assets$1,305,038
Open 2020 Filing

Operations Trend

Revenue Growth9th percentile

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

$2.0M$1.5M$1.0M$500K$0-$500KRevenue 2012: $53,029Expenses 2012: $21,677Net Income 2012: $31,3522012Revenue 2013: $50,704Expenses 2013: $34,287Net Income 2013: $16,4172013Revenue 2014: $75,881Expenses 2014: $28,579Net Income 2014: $47,3022014Revenue 2015: $118,958Expenses 2015: $44,042Net Income 2015: $74,9162015Revenue 2016: $292,050Expenses 2016: $142,100Net Income 2016: $149,9502016Revenue 2017: $456,595Expenses 2017: $247,187Net Income 2017: $209,4082017Revenue 2018: $511,296Expenses 2018: $245,634Net Income 2018: $265,6622018Revenue 2019: $725,711Expenses 2019: $437,836Net Income 2019: $287,8752019Revenue 2020: $393,658Expenses 2020: $585,699Net Income 2020: -$192,0412020Revenue 2021: $895,691Expenses 2021: $654,549Net Income 2021: $241,1422021Revenue 2022: $1,426,201Expenses 2022: $874,246Net Income 2022: $551,9552022Revenue 2023: $1,437,987Expenses 2023: $1,219,791Net Income 2023: $218,1962023Revenue 2024: $1,655,387Expenses 2024: $1,113,425Net Income 2024: $541,9622024

Highlighted filing

2020

Revenue$393,658
Expenses$585,699
Net Income-$192,041
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 17, 2020
Return Version
2019v5.0
Gross Receipts
$406,336
Mission and Program Overview

Mission

Assist student activities

To fund the growth, development and support of all prosper isd students, faculty, and programs.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$1,054,263$866,345▼ $187,918
Savings and Temporary Cash Investments$415,806$461,400▲ $45,594
Total Assets$1,470,069$1,327,745▼ $142,324
Liabilities
Other Liabilities-$20,600-
Accounts Payable and Accrued Expenses$1,684$2,107▲ $423
Total Liabilities$1,684$22,707▲ $21,023
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,294,192$1,102,151▼ $192,041
Net Assets With Donor Restrictions$174,193$202,887▲ $28,694
Total Net Assets Fund Balance$1,468,385$1,305,038▼ $163,347
Total Liabilities and Net Assets / Fund Balance$1,470,069$1,327,745▼ $142,324
Compensation and Service Providers
Top Officer Pay37th percentile

Board Members and Trustees

NameTitle
Josh BrownPresident
Janet AndersSecretary
Matt CoxTreasurer
Jorden M DialVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$393,749
Program Service Revenue
$0
Investment Income
$4,963
Other Revenue
$-5,054
All Other Contributions
$393,749
Change in Net Assets
$-192,041
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$405,479
Salaries, Compensation, and Employee Benefits$121,404
Other Expenses$58,816
Total Fundraising Expense$52,478
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Individuals$384,712--$384,712
Other Salaries and Wages$13,279$63,163$36,254$112,696
Grants to Domestic Orgs$20,767--$20,767
Occupancy-$20,008-$20,008
Fees for Services Accounting-$10,140-$10,140
Advertising-$605$8,282$8,887
Payroll Taxes$1,102$4,832$2,774$8,708
Information Technology$3,350$1,186$3,900$8,436
Office Expenses$100$4,090$320$4,510
Fees for Services Legal-$1,925-$1,925
Conferences and Meetings-$1,810-$1,810
Travel-$1,022$419$1,441
Insurance-$1,122-$1,122
Other Expenses-$8$529$537
Total Functional Expenses$423,310$109,911$52,478$585,699
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Prosper IsdProsper, TX501c3-$15,000
Project GraduationProsper, TX501c3-$5,267
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$12,678
Fundraising Gross Income$7,624
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Ppp Loan$20,600
Governance and Compliance

Governance Checklist

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

Governance Explanations

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

“No review was or will be conducted.”

Form 990, Page 6, Part VI, Line 19

“No documents available to the public.”

Filing and Contact Details

Filer

Filer Name
Prosper Education Foundation
EIN
75-2662259
Phone
4692087075
Address
130 N PRESTON RD SUITE 205, PROSPER, TX 75078

Signing Officer

Name
Josh Brown
Title
President
Phone
4692087075
Signed
2020-11-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Josh Brown
Formed
1996
Legal Domicile
TX
Voting Board Members
15
Independent Board Members
15
Employees
3
Volunteers
45

Preparer

Firm
Lefkovits Madsen & Richardson Pc
Address
5151 HEADQUARTERS DR STE 145, PLANO, TX 75024
Preparer
Angela D Richardson CPA
Phone
9728207888
Supplemental Narrative

Additional Explanations

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

“Awarded 5,267 to project graduation for graduating seniors after- graduation event and 15,000 to prosper isd for student leadership summit.”

Form 990, Part XI, Line 9

“Changes in temporary restricted net assets 28,694”

Raw XML Appendix380 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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IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt1259516
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IRS990ScheduleI/RecipientTable/CashGrantAmt115000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501C3
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501C3
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IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PROSPER ISD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0PO BOX 51
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1605 E 7TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0PROSPER
IRS990ScheduleI/RecipientTable/USAddress/CityNm1PROSPER
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IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1TX
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0AWARDED 5,267 TO PROJECT GRADUATION FOR GRADUATING SENIORS AFTER- GRADUATION EVENT AND 15,000 TO PROSPER ISD FOR STUDENT LEADERSHIP SUMMIT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1NO REVIEW WAS OR WILL BE CONDUCTED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2NO DOCUMENTS AVAILABLE TO THE PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3CHANGES IN TEMPORARY RESTRICTED NET ASSETS 28,694
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XI, LINE 9
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsGrp/BOYAmt01470069
IRS990/TotalAssetsGrp/EOYAmt01327745
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IRS990/TotalContributionsAmt0393749
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt052478
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0109911
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0423310
IRS990/TotalFunctionalExpensesGrp/TotalAmt0585699
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt01684
IRS990/TotalLiabilitiesEOYAmt022707
IRS990/TotalLiabilitiesGrp/BOYAmt01684
IRS990/TotalLiabilitiesGrp/EOYAmt022707
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01468385
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01305038
IRS990/TotalOtherProgSrvcExpenseAmt038598
IRS990/TotalOtherProgSrvcGrantAmt020767
IRS990/TotalProgramServiceExpensesAmt0423310
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt04963
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0393658
IRS990/TotalVolunteersCnt045
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01327745
IRS990/TravelGrp/FundraisingAmt0419
IRS990/TravelGrp/ManagementAndGeneralAmt01022
IRS990/TravelGrp/TotalAmt01441
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
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IRS990/USAddress/ZIPCd075078
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IRS990/VotingMembersIndependentCnt015
IRS990/WebsiteAddressTxt0HTTPS://PROSPEREDUCATIONFOUNDATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02021-01-29 14:40:06Z
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ReturnHeader/BusinessOfficerGrp/PersonNm0JOSH BROWN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum04692087075
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-11-17
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROSPER EDUCATION FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0PROS
ReturnHeader/Filer/EIN0752662259
ReturnHeader/Filer/PhoneNum04692087075
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ReturnHeader/Filer/USAddress/CityNm0PROSPER
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ReturnHeader/Filer/USAddress/ZIPCd075078
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0D5D332166615B609B5EC10A4B9CA84FC7675CA7D
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId0D5D332166615B609B5EC10A4B9CA84FC7675CA7D
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt099.27.202.65
ReturnHeader/FilingSecurityInformation/IPDt02020-11-30
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CS
ReturnHeader/FilingSecurityInformation/IPTm009:00:56
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0752398180
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0LEFKOVITS MADSEN & RICHARDSON PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt05151 HEADQUARTERS DR STE 145
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0PLANO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0TX
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd075024
ReturnHeader/PreparerPersonGrp/PhoneNum09728207888
ReturnHeader/PreparerPersonGrp/PreparationDt02020-11-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ANGELA D RICHARDSON CPA
ReturnHeader/ReturnTs02020-11-30T09:00:56-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02019-07-01
ReturnHeader/TaxPeriodEndDt02020-06-30
ReturnHeader/TaxYr02019

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

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

Open filing
Assets
$1,327,745
Liabilities
$22,707
Net assets
$1,305,038
Revenue
$393,658
Expenses
$585,699
Net income
-$192,041
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.27$0.00$3.27$1.66$1.11$0.54
2023Detailed filing. Detailed filing data is available for this year.$2.66$0.00$2.65$1.44$1.22$0.22
2022Detailed filing. Detailed filing data is available for this year.$2.34$0.00$2.34$1.43$0.87$0.55
2021Detailed filing. Detailed filing data is available for this year.$1.61$0.00$1.61$0.90$0.65$0.24
2020Detailed filing. Detailed filing data is available for this year.$1.33$0.02$1.31$0.39$0.59$0.19
2019Detailed filing. Detailed filing data is available for this year.$1.47$0.00$1.47$0.73$0.44$0.29
2018Detailed filing. Detailed filing data is available for this year.$1.12$0.00$1.12$0.51$0.25$0.27
2017Summary only. Only limited summary data is available for this year.$0.79$0.00$0.79$0.46$0.25$0.21
2016Detailed filing. Detailed filing data is available for this year.$0.54$0.00$0.54$0.29$0.14$0.15
2015Detailed filing. Detailed filing data is available for this year.$0.39$0.39$0.12$0.04$0.07
2014Summary only. Only limited summary data is available for this year.$0.31$0.00$0.08$0.03$0.05
2013Summary only. Only limited summary data is available for this year.$0.27$0.00$0.05$0.03$0.02
2012Summary only. Only limited summary data is available for this year.$0.25$0.00$0.05$0.02$0.03