Civic Intelligence

Prosperity Works

990 • Fiscal year 2015 • EIN 85-0466059

Oct 01, 2014 to Sep 30, 2015 • Filed on Apr 20, 2016

Organization ProfileWWW.PROSPERITYWORKS.NET

View Organization Page

909 Copper Avenue NorthwestAlbuquerque, NM 87102

(505) 217-2747

Siviq Scores

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

Liabilities / Assets

71st percentile

0.21x

Higher debt load relative to assets than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Liabilities / Revenue

71st percentile

0.17x

Higher debt load relative to revenue than 71% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Net Margin

6th percentile

-50%

Higher net margin than 6% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2015

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2015

Asset Growth

4th percentile

-41%

Faster asset growth than 4% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Revenue Growth

89th percentile

59%

Faster revenue growth than 89% of similar nonprofits.

2015 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets71st percentile

Assets

Down

$654,750

Down $458,027 (-41%) from 2014

Net Assets

Down

$515,528

Down $519,826 (-50%) from 2014

Liabilities

Up

$139,222

Up $61,799 (+80%) from 2014

Revenue And Expenses
Liabilities / Revenue71st percentileNet Margin6th percentile

Revenue

Up

$805,248

Up $298,654 (+59%) from 2014

Expenses

Up

$1,208,035

Up $407,826 (+51%) from 2014

Net Income

Down

-$402,787

Down $109,172 (-37%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth4th percentile

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

$3.0M$2.0M$1.0M$0Assets 2011: $2,939,119Liabilities 2011: $67,906Net Assets 2011: $2,871,2132011Assets 2012: $2,310,870Liabilities 2012: $103,469Net Assets 2012: $2,207,4012012Assets 2013: $1,378,540Liabilities 2013: $64,321Net Assets 2013: $1,314,2192013Assets 2014: $1,112,777Liabilities 2014: $77,423Net Assets 2014: $1,035,3542014Assets 2015: $654,750Liabilities 2015: $139,222Net Assets 2015: $515,5282015Assets 2016: $996,027Liabilities 2016: $24,658Net Assets 2016: $971,3692016Assets 2017: $1,570,852Liabilities 2017: $97,580Net Assets 2017: $1,473,2722017Assets 2018: $1,497,661Liabilities 2018: $168,878Net Assets 2018: $1,328,7832018Assets 2019: $1,350,284Liabilities 2019: $377,555Net Assets 2019: $972,7292019Assets 2020: $1,440,624Liabilities 2020: $365,737Net Assets 2020: $1,074,8872020Assets 2021: $1,402,137Liabilities 2021: $523,794Net Assets 2021: $878,3432021Assets 2022: $1,771,855Liabilities 2022: $1,092,984Net Assets 2022: $678,8712022Assets 2023: $1,912,473Liabilities 2023: $1,382,533Net Assets 2023: $529,9402023Assets 2024: $1,556,487Liabilities 2024: $1,184,947Net Assets 2024: $371,5402024

Highlighted filing

2015

Assets$654,750
Liabilities$139,222
Net Assets$515,528
Open 2015 Filing

Operations Trend

Revenue Growth89th percentile

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

$1.5M$1.0M$500K$0-$500KExpenses 2011: $1,093,3022011Expenses 2012: $1,109,2602012Expenses 2013: $1,188,5952013Revenue 2014: $506,594Expenses 2014: $800,209Net Income 2014: -$293,6152014Revenue 2015: $805,248Expenses 2015: $1,208,035Net Income 2015: -$402,7872015Revenue 2016: $1,027,740Expenses 2016: $571,899Net Income 2016: $455,8412016Revenue 2017: $1,112,617Expenses 2017: $610,714Net Income 2017: $501,9032017Revenue 2018: $752,349Expenses 2018: $896,838Net Income 2018: -$144,4892018Revenue 2019: $1,025,750Expenses 2019: $1,381,804Net Income 2019: -$356,0542019Revenue 2020: $1,020,246Expenses 2020: $770,892Net Income 2020: $249,3542020Revenue 2021: $462,169Expenses 2021: $657,966Net Income 2021: -$195,7972021Revenue 2022: $660,541Expenses 2022: $665,182Net Income 2022: -$4,6412022Revenue 2023: $662,063Expenses 2023: $803,844Net Income 2023: -$141,7812023Revenue 2024: $582,824Expenses 2024: $912,490Net Income 2024: -$329,6662024

Highlighted filing

2015

Revenue$805,248
Expenses$1,208,035
Net Income-$402,787
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Apr 20, 2016
Return Version
2014v6.0
Gross Receipts
$805,248
Mission and Program Overview

Mission

Prosperity works builds the capacity of organizations and advocates for policies that generate economic prosperity for all new mexicans. Through this work, we implement a vision that every new mexican has the opportunity, knowledge and relationships to achieve economic prosperity.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$104,448$283,730▲ $179,282
Savings and Temporary Cash Investments$830,586$227,896▼ $602,690
Land, Buildings, and Equipment, Net$105,000$105,000→ $0
Pledges and Grants Receivable$4,886$31,000▲ $26,114
Accounts Receivable$1,000--
Prepaid Expenses and Deferred Charges$750--
Total Assets$1,112,777$654,750▼ $458,027
Other Assets Total$66,107$7,124▼ $58,983
Liabilities
Other Liabilities$66,107$124,163▲ $58,056
Accounts Payable and Accrued Expenses$11,316$15,059▲ $3,743
Total Liabilities$77,423$139,222▲ $61,799
Net Assets / Fund Balance
Temporarily Rstr Net Assets$830,086$258,396▼ $571,690
Unrestricted Net Assets$205,268$257,132▲ $51,864
Total Net Assets Fund Balance$1,035,354$515,528▼ $519,826
Total Liabilities and Net Assets / Fund Balance$1,112,777$654,750▼ $458,027

Asset Categories

AssetBook ValueDepreciationBasis
Land$105,000--
Compensation and Service Providers
Top Officer PayScore unavailable

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ona PorterPresident anFT$72,800$1,000$73,800

Board Members and Trustees

NameTitle
Everette HillInterim Chai
Amanda ManjarrezMember
Keegan KingMember
Martin UlloaMember
Nathalie MartinMember
Susan MorrisonMember
Revenue and Support

Revenue Composition

Contributions and Grants
$578,655
Program Service Revenue
$211,004
Investment Income
$425
Other Revenue
$15,164
All Other Contributions
$560,082
Change in Net Assets
$-402,787

Noncash Contribution Practices

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

Audited Revenue Reconciliation

Revenue per Audited Statements
$805,248
Total Revenue per Audited Statements
$805,248
Total Revenue per Form 990
$805,248
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$901,344
Salaries, Compensation, and Employee Benefits$272,398
Total Fundraising Expense$54,889
Grants and Similar Amounts Paid$34,293
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$130,340$12,841$12,784$155,965
Fees for Services Other$81,180$11,234$30,810$123,224
Current Officers, Directors, Trustees, and Key Employees$61,675$6,076$6,049$73,800
Occupancy$36,439$3,946-$40,385
Grants to Domestic Individuals$34,293--$34,293
Other Employee Benefits$18,612$1,833$1,974$22,419
Payroll Taxes$16,935$1,649$1,630$20,214
Information Technology$11,234$2,579-$13,813
Office Expenses$7,491$3,671$210$11,372
Conferences and Meetings$6,304$2,446$621$9,371
Travel$7,046$855$10$7,911
Fees for Services Legal$7,541--$7,541
Advertising$3,197-$801$3,998
Other Expenses$2,654--$2,654
Insurance$1,400$742-$2,142
All Other Expenses-$361-$361
Total Functional Expenses$1,104,913$48,233$54,889$1,208,035

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,208,035
Total Expenses per Audited Statements$1,208,035
Total Expenses per Form 990$1,208,035
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
House Parties$14,863---
Total Events$14,863---
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ona PorterEd and PresidenRentNo$27,200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Grant Due Back to Fed Gov$117,039
Held for Others$7,124
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

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

“Explanation: form 990 and all schedules were provided to management and the board of directors prior to f1l1ng for approval”

Form 990, Page 6, Part VI, Line 12C

“On an annual basis the directors of the board renew their conflict of interest policy with updated information. Throughout the year the officers are asked to disclose potential conflict at board meetings.”

Form 990, Page 6, Part VI, Line 19

“On the website and upon request. Also on the state of nm corporations division website”

Filing and Contact Details

Filer

Filer Name
Prosperity Works
EIN
85-0466059
Phone
5052172747
Address
909 COPPER AVENUE NORTHWEST, ALBUQUERQUE, NM 87102

Signing Officer

Name
Ona Porter
Title
President and CEO
Phone
5052172747
Signed
2016-04-20

Organization Details

Principal Officer
Ona Porter
Formed
1999
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
6
Employees
6
Volunteers
1

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener CPA
Phone
5058838788
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“Prosperity works builds the capacity of organizations and advocates for policies that generate economic prosperity for all new mexicans. Through this work, we implement a vision that every new mexican has the opportunity, knowledge and relationships to achieve economic prosperity.”

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

“Over 11 million include total savings deposits. Over 7 million in deposits held in nm total economic stimulus 38 million cash infused into local communities. Workforce development skilled, localized, educated, vested families home-ownership 205 families in safe and secure housing, 32,800,000 in new mortgage holdings, 1,025,000 cash infusion into the economy. Increased business activity 378 new or expanded locally-owned businesses, 661 new jobs created or employment retained, 1,890,000 cash infusion into the economy workforce development 222 new mexicans earning a higher education degree, 2,308,000 increased earning potential per year, 1,100,000 cash infused into higher education.”

Form 990, Part IX, Line 11G

“Other fees 22,090 7,304 0 other professional 2,685 0 0 other professional 1,400 0 0 subcontractors 30,000 1,277 30,810 subcontractors 7,500 0 0 subcontractors 2,777 0 0 acct 10,209 2,653 0 acct 4,519 0 0”

Form 990, Page 12, Part XII, Line 1

“Prior year accounting meathod was accrual basis, but mistakinly was reported as cash”

Financial Statement Notes

Schedule D, Page 3, Part X

“Prosperity works operates as a not-for-profit corporation and has received exempt status under section 501(c)(3) of the internal revenue code, and has been designated as an organization other than a private foundation. Contributions to the organization qualify for the charitable contributions deduction to the extent provided by section 170 of the internal revenue code. Prosperity works has adopted accounting principles generally accepted in the united states of america as they relate to uncertain tax positions. Any interest and penalties recognized associated with a tax position are classified as current in the prosperity works financial statements. Currently, the 2012, 2013, and 2014 tax years are open and subject to examination by the internal revenue service and new mexico taxation and revenue department. However, the organization is not currently under audit nor has the organization been contacted by any of these jurisdictions. Management believes that they are operating within their tax-exempt purpose. Prosperity works recognizes interest accrued related to unrecognized tax benefits in interest expenses and penalties in operating expenses, when applicable. No provision for the effects of uncertain tax positions has been recorded for the years ended september 30, 2015 or 2014.”

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IRS990/OtherEmployeeBenefitsGrp/TotalAmt022419
IRS990/OtherExpensesGrp/Desc0IDA ASSETS PURCHASES
IRS990/OtherExpensesGrp/Desc1RESEARCH AND EVAL
IRS990/OtherExpensesGrp/Desc2IDA AND FINANCE COACHING
IRS990/OtherExpensesGrp/Desc3RESEARCH AND EVALUATION
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IRS990/OtherExpensesGrp/ProgramServicesAmt121150
IRS990/OtherExpensesGrp/ProgramServicesAmt213375
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IRS990/OtherRevenueMiscGrp/Desc0REBATES AND REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/Desc1IDA MATCH
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IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt121
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt09873
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt121
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IRS990/OtherSalariesAndWagesGrp/FundraisingAmt012784
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IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0130340
IRS990/OtherSalariesAndWagesGrp/TotalAmt0155965
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IRS990/OwnWebsiteInd0X
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IRS990/PayrollTaxesGrp/FundraisingAmt01630
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01649
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IRS990/PayrollTaxesGrp/TotalAmt020214
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04886
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IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0750
IRS990/PrincipalOfficerNm0ONA PORTER
IRS990/PriorPeriodAdjustmentsAmt0-117039
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IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0ENCOURAGING PROSPERITY
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0211004
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0211004
IRS990/ProgSrvcAccomActy2Grp/Desc0CONSUMER ADVOCACY. PROSPERITY WORKS IS A REGISTERED INTERVENER WITH THE NEW MEXICO STATE PUBLIC REGULATION COMMISSION FOR THE PURPOSE OF REPRESENTING THE SIGNIFICANT COST-BURDEN OF ENERGY/UTILITY COSTS FOR LOW-INCOME FAMILIES RESIDING IN THE STATE. PROSPERITY WORKS IS INVOLVED IN STRATEGIC INITIATIVES THAT SEEK TO CAP THE INTEREST ON HIGH COSTS LOANS.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0132491
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0400
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILDRENS ECONOMIC SECURITY: THE WELFARE OF NEW MEXICOS CHILDREN IS ADDRESSED THROUGH DEVELOPMENT OF PRODUCTS AND SERVICES THAT OPEN THE DOOR TO AN AFFORDABLE AND ACCESSIBLE FINANCIAL INDUSTRY. THE PLANS TO LAUNCH A CH1LDRENS SAVINGS ACCOUNT INITIATIVE IN SOUTH VALLEY ALBUQUERQUE HAVE BEEN COMPLETED AND THE PRODUCT DESIGN INCLUDES OPENING EMERGENCY SAVINGS ACCOUNTS WITH PARENTS. THE CH1LDRENS ACCOUNTS ARE MATCHED UP TO 200 PER YEAR, THE EMERGENCY SAVINGS ACCOUNTS CAN EARN UP TO 100 PER YEAR THROUGH INCENTIVES. EMERGENCY SAVINGS ACCOUNTS ARE ABLE TO BE CONVERTED TO SECURED CREDIT CARDS TO ENABLE THE CREDIT BUILDING PROCESS
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt070724
IRS990/ProgSrvcAccomActy3Grp/GrantAmt033893
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0364566
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt024695
IRS990/PYInvestmentIncomeAmt0632
IRS990/PYOtherExpensesAmt0566369
IRS990/PYOtherRevenueAmt010157
IRS990/PYProgramServiceRevenueAmt0131239
IRS990/PYRevenuesLessExpensesAmt0-293615
IRS990/PYSalariesCompEmpBnftPaidAmt0209145
IRS990/PYTotalExpensesAmt0800209
IRS990/PYTotalRevenueAmt0506594
IRS990/ReconcilationRevenueExpnssAmt0-402787
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt05270
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0211004
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0830586
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0227896
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt018,126
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0578655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0364566
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt051595
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0387743
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0437030
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01819589
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt02557
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt05021
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt016918
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt028434
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt053355
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0226168
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt09894
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt08232
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018126
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67430
IRS990ScheduleA/PublicSupportPY170Pct00.96750
IRS990ScheduleA/PublicSupportTotal170Amt01275231
IRS990ScheduleA/SubstantialContributorsTotAmt0544358
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0578655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0364566
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt051595
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0387743
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0437030
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01819589
IRS990ScheduleA/TotalSupportAmt01891070
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/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearAmt048951
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt034337
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt04
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt0171
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt083463
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0195804
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0137349
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt015
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0684
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0333852
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt03150
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt05134
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt08284
IRS990ScheduleC/GrassrootsCeilingAmt0125195
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt048951
IRS990ScheduleC/LobbyingCeilingAmt0500778
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0195804
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01204885
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt03150
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt01208035
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt03150
IRS990ScheduleD/ExpensesSubtotalAmt01208035
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0105000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0105000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0117039
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt17124
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GRANT DUE BACK TO FED GOV
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1HELD FOR OTHERS
IRS990ScheduleD/RevenueSubtotalAmt0805248
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROSPERITY WORKS OPERATES AS A NOT-FOR-PROFIT CORPORATION AND HAS RECEIVED EXEMPT STATUS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE, AND HAS BEEN DESIGNATED AS AN ORGANIZATION OTHER THAN A PRIVATE FOUNDATION. CONTRIBUTIONS TO THE ORGANIZATION QUALIFY FOR THE CHARITABLE CONTRIBUTIONS DEDUCTION TO THE EXTENT PROVIDED BY SECTION 170 OF THE INTERNAL REVENUE CODE. PROSPERITY WORKS HAS ADOPTED ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA AS THEY RELATE TO UNCERTAIN TAX POSITIONS. ANY INTEREST AND PENALTIES RECOGNIZED ASSOCIATED WITH A TAX POSITION ARE CLASSIFIED AS CURRENT IN THE PROSPERITY WORKS FINANCIAL STATEMENTS. CURRENTLY, THE 2012, 2013, AND 2014 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND NEW MEXICO TAXATION AND REVENUE DEPARTMENT. HOWEVER, THE ORGANIZATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE ORGANIZATION BEEN CONTACTED BY ANY OF THESE JURISDICTIONS. MANAGEMENT BELIEVES THAT THEY ARE OPERATING WITHIN THEIR TAX-EXEMPT PURPOSE. PROSPERITY WORKS RECOGNIZES INTEREST ACCRUED RELATED TO UNRECOGNIZED TAX BENEFITS IN INTEREST EXPENSES AND PENALTIES IN OPERATING EXPENSES, WHEN APPLICABLE. NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED FOR THE YEARS ENDED SEPTEMBER 30, 2015 OR 2014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105000
IRS990ScheduleD/TotalExpensesPerForm990Amt01208035
IRS990ScheduleD/TotalLiabilityAmt0124163
IRS990ScheduleD/TotalRevenuePerForm990Amt0805248
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0805248
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01208035
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt014863
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt014863
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0HOUSE PARTIES
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt014863
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt014863
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt0400
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt133893
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0FAMILY EMERGENCY
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt1CHILDRENS SAVINGS
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ONA PORTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0ED AND PRESIDEN
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt027200
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0RENT
IRS990ScheduleL/SupplementalInformationDetail/ExplanationTxt0ONA PORTER IS A PARTNER IN THE FIRM THAT OWNS THE SPACE THAT PROSPERITY WORKS RENTS FOR ITS OPERATIONS
IRS990ScheduleL/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE L, PART V
IRS990ScheduleM/AnyPropertyThatMustBeHeldInd0false
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd0false
IRS990ScheduleM/ThirdPartiesUsedInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PROSPERITY WORKS BUILDS THE CAPACITY OF ORGANIZATIONS AND ADVOCATES FOR POLICIES THAT GENERATE ECONOMIC PROSPERITY FOR ALL NEW MEXICANS. THROUGH THIS WORK, WE IMPLEMENT A VISION THAT EVERY NEW MEXICAN HAS THE OPPORTUNITY, KNOWLEDGE AND RELATIONSHIPS TO ACHIEVE ECONOMIC PROSPERITY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OVER 11 MILLION INCLUDE TOTAL SAVINGS DEPOSITS. OVER 7 MILLION IN DEPOSITS HELD IN NM TOTAL ECONOMIC STIMULUS 38 MILLION CASH INFUSED INTO LOCAL COMMUNITIES. WORKFORCE DEVELOPMENT SKILLED, LOCALIZED, EDUCATED, VESTED FAMILIES HOME-OWNERSHIP 205 FAMILIES IN SAFE AND SECURE HOUSING, 32,800,000 IN NEW MORTGAGE HOLDINGS, 1,025,000 CASH INFUSION INTO THE ECONOMY. INCREASED BUSINESS ACTIVITY 378 NEW OR EXPANDED LOCALLY-OWNED BUSINESSES, 661 NEW JOBS CREATED OR EMPLOYMENT RETAINED, 1,890,000 CASH INFUSION INTO THE ECONOMY WORKFORCE DEVELOPMENT 222 NEW MEXICANS EARNING A HIGHER EDUCATION DEGREE, 2,308,000 INCREASED EARNING POTENTIAL PER YEAR, 1,100,000 CASH INFUSED INTO HIGHER EDUCATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPLANATION: FORM 990 AND ALL SCHEDULES WERE PROVIDED TO MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO F1L1NG FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ON AN ANNUAL BASIS THE DIRECTORS OF THE BOARD RENEW THEIR CONFLICT OF INTEREST POLICY WITH UPDATED INFORMATION. THROUGHOUT THE YEAR THE OFFICERS ARE ASKED TO DISCLOSE POTENTIAL CONFLICT AT BOARD MEETINGS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON THE WEBSITE AND UPON REQUEST. ALSO ON THE STATE OF NM CORPORATIONS DIVISION WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5OTHER FEES 22,090 7,304 0 OTHER PROFESSIONAL 2,685 0 0 OTHER PROFESSIONAL 1,400 0 0 SUBCONTRACTORS 30,000 1,277 30,810 SUBCONTRACTORS 7,500 0 0 SUBCONTRACTORS 2,777 0 0 ACCT 10,209 2,653 0 ACCT 4,519 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6PRIOR YEAR ACCOUNTING MEATHOD WAS ACCRUAL BASIS, BUT MISTAKINLY WAS REPORTED AS CASH
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 12, PART XII, LINE 1
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false

Document Assets

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$654,750
Liabilities
$139,222
Net assets
$515,528
Revenue
$805,248
Expenses
$1,208,035
Net income
-$402,787
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.56$1.18$0.37$0.58$0.91$0.33
2023Summary only. Only limited summary data is available for this year.$1.91$1.38$0.53$0.66$0.80$0.14
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.77$1.09$0.68$0.66$0.67$0.00
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.40$0.52$0.88$0.46$0.66$0.20
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.44$0.37$1.07$1.02$0.77$0.25
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.35$0.38$0.97$1.03$1.38$0.36
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.50$0.17$1.33$0.75$0.90$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.57$0.10$1.47$1.11$0.61$0.50
2016Detailed filing. Detailed filing data is available for this year.$1.00$0.02$0.97$1.03$0.57$0.46
2015Detailed filing. Detailed filing data is available for this year.$0.65$0.14$0.52$0.81$1.21$0.40
2014Summary only. Only limited summary data is available for this year.$1.11$0.08$1.04$0.51$0.80$0.29
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.38$0.06$1.31$1.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.31$0.10$2.21$1.11
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.07$2.87$1.09
Peer Organizations

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