Civic Intelligence

Prosperity Works

990 • Fiscal year 2018 • EIN 85-0466059

Oct 01, 2017 to Sep 30, 2018 • Filed on Apr 30, 2019

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

54th percentile

0.11x

Higher debt load relative to assets than 54% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

66th percentile

0.22x

Higher debt load relative to revenue than 66% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

14th percentile

-19%

Higher net margin than 14% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2018

Asset Growth

25th percentile

-4.7%

Faster asset growth than 25% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

9th percentile

-32%

Faster revenue growth than 9% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$1,497,661

Down $73,191 (-4.7%) from 2017

Net Assets

Down

$1,328,783

Down $144,489 (-9.8%) from 2017

Liabilities

Up

$168,878

Up $71,298 (+73%) from 2017

Revenue

Down

$752,349

Down $360,268 (-32%) from 2017

Expenses

Up

$896,838

Up $286,124 (+47%) from 2017

Net Income

Down

-$144,489

Down $646,392 (-129%) from 2017

Historical Trend

Balance Sheet Trend

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

2018

Assets$1,497,661
Liabilities$168,878
Net Assets$1,328,783

Operations Trend

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

2018

Revenue$752,349
Expenses$896,838
Net Income-$144,489
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Apr 30, 2019
Return Version
2017v2.3
Gross Receipts
$752,349
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
Savings and Temporary Cash Investments$603,233$566,717▼ $36,516
Pledges and Grants Receivable$524,373$360,000▼ $164,373
Cash and Non-Interest-Bearing Accounts$273,305$313,776▲ $40,471
Land, Buildings, and Equipment, Net$105,000$116,530▲ $11,530
Accounts Receivable-$17,176-
Total Assets$1,570,852$1,497,661▼ $73,191
Other Assets Total$64,941$123,462▲ $58,521
Liabilities
Other Liabilities$64,941$123,462▲ $58,521
Accounts Payable and Accrued Expenses$32,639$45,416▲ $12,777
Total Liabilities$97,580$168,878▲ $71,298
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,103,234$926,717▼ $176,517
Unrestricted Net Assets$370,038$402,066▲ $32,028
Total Net Assets Fund Balance$1,473,272$1,328,783▼ $144,489
Total Liabilities and Net Assets / Fund Balance$1,570,852$1,497,661▼ $73,191

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$11,530-$11,530
Land$105,000--
Other Assets Org$123,462--
Compensation and Service Providers

Employees

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$745,762
Program Service Revenue
$200
Investment Income
$916
Other Revenue
$5,471
All Other Contributions
$745,762
Change in Net Assets
$-144,489

Audited Revenue Reconciliation

Revenue per Audited Statements
$752,349
Total Revenue per Audited Statements
$752,349
Total Revenue per Form 990
$752,349
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$526,420
Other Expenses$349,662
Total Fundraising Expense$44,835
Grants and Similar Amounts Paid$20,756
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$304,326$29,982$29,848$364,156
Fees for Services Other$78,260$18,538$766$97,564
Current Officers, Directors, Trustees, and Key Employees$61,675$6,076$6,049$73,800
Other Employee Benefits$44,351$4,368$4,704$53,423
Occupancy$38,069$4,123-$42,192
Payroll Taxes$29,356$2,859$2,826$35,041
Grants to Domestic Individuals$20,756--$20,756
Information Technology$8,886$2,040-$10,926
Office Expenses$6,709$3,287$188$10,184
Travel$5,912$718$8$6,638
Other Expenses$3,340$405$5$3,750
Conferences and Meetings$2,514$975$248$3,737
Insurance$1,841$975-$2,816
Advertising$770-$193$963
All Other Expenses-$571-$571
Total Functional Expenses$777,086$74,917$44,835$896,838

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$896,838
Total Expenses per Audited Statements$896,838
Total Expenses per Form 990$896,838
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
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Ona PorterPresident/ceoRentNo$31,200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Held for Others$123,462
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 filing 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
2019-04-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ona Porter
Formed
1999
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
6
Employees
15
Volunteers
7

Preparer

Firm
Hinkle Landers Pc
Address
2500 9TH ST NW, ALBUQUERQUE, NM 87102-1055
Preparer
Farley Vener
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, Page 2, Part III, Line 4D

During the year ended september 30, 2018 prosperity works was a fiscal sponsor for three sisters kitchen. As fiscal sponsory, prosperity works exercises ongoing financial control and oversight over the sponsored organization.

Form 990, Part IX, Line 11G

Other professional services 39,149 12,945 0 other professional services 2,481 0 0 other professional services 4,758 0 0 subcontractors 746 32 766 subcontractors 69 0 0 subcontractors 187 0 0 acct 21,398 5,561 0 acct 9,472 0 0 total 78,260 18,538 766

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IRS990/OtherExpensesGrp/Desc3FISCAL SPONSORSHIPS
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0405
IRS990/OtherExpensesGrp/ProgramServicesAmt0139926
IRS990/OtherExpensesGrp/ProgramServicesAmt121802
IRS990/OtherExpensesGrp/ProgramServicesAmt28593
IRS990/OtherExpensesGrp/ProgramServicesAmt33340
IRS990/OtherExpensesGrp/TotalAmt0139926
IRS990/OtherExpensesGrp/TotalAmt121802
IRS990/OtherExpensesGrp/TotalAmt28593
IRS990/OtherExpensesGrp/TotalAmt33750
IRS990/OtherLiabilitiesGrp/BOYAmt064941
IRS990/OtherLiabilitiesGrp/EOYAmt0123462
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02021
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02021
IRS990/OtherRevenueTotalAmt02021
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt029848
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt029982
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0304326
IRS990/OtherSalariesAndWagesGrp/TotalAmt0364156
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02826
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02859
IRS990/PayrollTaxesGrp/ProgramServicesAmt029356
IRS990/PayrollTaxesGrp/TotalAmt035041
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0524373
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0360000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ONA PORTER
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0200
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/ExpenseAmt055552
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILDRENS ECONOMIC SECURITY: PROSPERITY KIDS IS A TWO-GENERATION COLLECTIVE IMPACT MODEL THAT LEVERAGES COMMUNITY RESOURCES, INVESTS IN FAMILIES AND THEIR COMMUNITIES, AND WORKS TOWARDS THE SYSTEMS CHANGE REQUIRED TO REMOVE BARRIERS AND OPEN PATHWAYS TO OPPORTUNITY. PROSPERITY KIDS PROVIDES FAMILIES WITH BASIC INFORMATION ON HEALTH CHILD DEVELOPMENT AND FINANCIAL CAPABILITY, PROVIDES SUPPORTS TO ENHANCE FINANCIAL STABILITY, AND CREATES A FUTURE ORIENTATION FOR FAMILIES AND THEIR CHILDREN THROUGH THE CREATION AND SUPPORT OF CHILDREN'S SAVINGS ACCOUNTS WHICH CAN BE USED FOR STUDIES AFTER HIGH SCHOOL OR FOR TRANSITION INTO ADULTHOOD (AT AGE 23). PROSPERITY WORKS CURRENTLY HOLDS 600 CHILDREN'S SAVINGS ACCOUNTS THROUGH PROGRAMMING IN ALBUQUERQUE'S SOUTH VALLEY AND WASHINGTON MIDDLE SCHOOL IN ALBUQUERQUE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0205005
IRS990/ProgSrvcAccomActy3Grp/GrantAmt020756
IRS990/ProgSrvcAccomActyOtherGrp/Desc0DURING THE YEAR ENDED SEPTEMBER 30, 2018 PROSPERITY WORKS WAS A FISCAL SPONSOR FOR THREE SISTERS KITCHEN. AS FISCAL SPONSORY, PROSPERITY WORKS EXERCISES ONGOING FINANCIAL CONTROL AND OVERSIGHT OVER THE SPONSORED ORGANIZATION.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt021802
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt01101130
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt020896
IRS990/PYInvestmentIncomeAmt0401
IRS990/PYOtherExpensesAmt0239608
IRS990/PYOtherRevenueAmt011086
IRS990/PYRevenuesLessExpensesAmt0501903
IRS990/PYSalariesCompEmpBnftPaidAmt0350210
IRS990/PYTotalExpensesAmt0610714
IRS990/PYTotalRevenueAmt01112617
IRS990/ReconcilationRevenueExpnssAmt0-144489
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt03450
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt02021
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0603233
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0566717
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt018,126
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART II, LINE 10
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0745762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01101130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0978785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0578655
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0364566
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt03768898
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt04366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt010976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0425
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt02557
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt018608
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02221
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt09894
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt08232
IRS990ScheduleA/OtherIncome170Grp/TotalAmt018126
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.61820
IRS990ScheduleA/PublicSupportPY170Pct00.63930
IRS990ScheduleA/PublicSupportTotal170Amt02352803
IRS990ScheduleA/SubstantialContributorsTotAmt01416095
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0745762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01101130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0978785
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0578655
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0364566
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt03768898
IRS990ScheduleA/TotalSupportAmt03805632
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt029152
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt027696
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt048951
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0105799
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0116607
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0110785
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0195804
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0423196
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt03000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt02100
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt03150
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt08250
IRS990ScheduleC/GrassrootsCeilingAmt0158699
IRS990ScheduleC/LobbyingCeilingAmt0634794
IRS990ScheduleD/EquipmentGrp/BookValueAmt011530
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt011530
IRS990ScheduleD/ExpensesSubtotalAmt0896838
IRS990ScheduleD/LandGrp/BookValueAmt0105000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0105000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0123462
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0123462
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HELD FOR OTHERS
IRS990ScheduleD/RevenueSubtotalAmt0752349
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0116530
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0123462
IRS990ScheduleD/TotalExpensesPerForm990Amt0896838
IRS990ScheduleD/TotalLiabilityAmt0123462
IRS990ScheduleD/TotalRevenuePerForm990Amt0752349
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0752349
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0896838
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020756
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CHILDRENS SAVINGS
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ONA PORTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0PRESIDENT/CEO
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt031200
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
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/ExplanationTxt2DURING THE YEAR ENDED SEPTEMBER 30, 2018 PROSPERITY WORKS WAS A FISCAL SPONSOR FOR THREE SISTERS KITCHEN. AS FISCAL SPONSORY, PROSPERITY WORKS EXERCISES ONGOING FINANCIAL CONTROL AND OVERSIGHT OVER THE SPONSORED ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EXPLANATION: FORM 990 AND ALL SCHEDULES WERE PROVIDED TO MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON 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/ExplanationTxt5ON THE WEBSITE AND UPON REQUEST. ALSO ON THE STATE OF NM CORPORATIONS DIVISION WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6OTHER PROFESSIONAL SERVICES 39,149 12,945 0 OTHER PROFESSIONAL SERVICES 2,481 0 0 OTHER PROFESSIONAL SERVICES 4,758 0 0 SUBCONTRACTORS 746 32 766 SUBCONTRACTORS 69 0 0 SUBCONTRACTORS 187 0 0 ACCT 21,398 5,561 0 ACCT 9,472 0 0 TOTAL 78,260 18,538 766
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt01103234
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0926717
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01570852
IRS990/TotalAssetsEOYAmt01497661
IRS990/TotalAssetsGrp/BOYAmt01570852
IRS990/TotalAssetsGrp/EOYAmt01497661
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0745762
IRS990/TotalEmployeeCnt015
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt044835
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt074917
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0777086
IRS990/TotalFunctionalExpensesGrp/TotalAmt0896838
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt097580
IRS990/TotalLiabilitiesEOYAmt0168878
IRS990/TotalLiabilitiesGrp/BOYAmt097580
IRS990/TotalLiabilitiesGrp/EOYAmt0168878
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01473272
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01328783
IRS990/TotalOtherCompensationAmt01000
IRS990/TotalOtherProgSrvcExpenseAmt021802
IRS990/TotalProgramServiceExpensesAmt0777086
IRS990/TotalProgramServiceRevenueAmt0200
IRS990/TotalReportableCompFromOrgAmt072800
IRS990/TotalRevenueGrp/ExclusionAmt04366
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt02221

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Filings

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
2018Detailed filing. Detailed filing data is available for this year.$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