Prosperity Works

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

“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.”

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

“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.”

“Asset and family development-individual development accounts (idas) were created to encourage savings, investment and asset accumulation among moderate income and working families. Idas are a matched savings account. People who save through an ida can typically use those savings to (a) buy a first home (b) pursue a college education (c) start or expand a small business. In counties throughout new mexico, prosperity works and its partners use idas to build strong communities. Nearly 1400 new mexican savers have participated, 805 families have purchased their asset, and another 150 are currently saving. During this year near 100 students at central new mexico community college have had the opportunity to open accounts. Low-income, working families have saved 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.”

“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.”

“Other professional services 37,030 12,244 0 other professional services 2,347 0 0 other professional services 4,501 0 0 subcontractors 28,160 1,199 28,920 subcontractors 2,607 0 0 subcontractors 7,040 0 0 acct 26,115 6,786 0 acct 11,560 0 0 total 119,360 20,229 28,920”