Civic Intelligence

Prosperity Works

990 • Fiscal year 2020 • EIN 85-0466059

Oct 01, 2019 to Sep 30, 2020 • Filed on Aug 11, 2021

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

82nd percentile

0.25x

Higher debt load relative to assets than 82% of similar nonprofits.

2020 filings • NTEE Y • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

82nd percentile

0.36x

Higher debt load relative to revenue than 82% of similar nonprofits.

2020 filings • NTEE Y • $1M-$5M nonprofits • Source year 2020

Net Margin

62nd percentile

24%

Higher net margin than 62% of similar nonprofits.

2020 filings • NTEE Y • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

79th percentile

$76,628

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 7.5% of source-year revenue.

2020 filings • NTEE Y • $1M-$5M nonprofits • Source year 2020

Asset Growth

52nd percentile

6.7%

Faster asset growth than 52% of similar nonprofits.

2020 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

50th percentile

-0.5%

Faster revenue growth than 50% of similar nonprofits.

2020 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2019 to 2020

Assets

Up

$1,440,624

Up $90,340 (+6.7%) from 2019

Net Assets

Up

$1,074,887

Up $102,158 (+11%) from 2019

Liabilities

Down

$365,737

Down $11,818 (-3.1%) from 2019

Revenue

Down

$1,020,246

Down $5,504 (-0.5%) from 2019

Expenses

Down

$770,892

Down $610,912 (-44%) from 2019

Net Income

Up

$249,354

Up $605,408 (+170%) from 2019

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

2020

Assets$1,440,624
Liabilities$365,737
Net Assets$1,074,887

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

2020

Revenue$1,020,246
Expenses$770,892
Net Income$249,354
Jump To
Filing Snapshot
Filing Period
Oct 1, 2019 to Sep 30, 2020
Signed
Aug 11, 2021
Return Version
2019v5.0
Gross Receipts
$1,020,246
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$500,334$562,848▲ $62,514
Cash and Non-Interest-Bearing Accounts$291,010$427,960▲ $136,950
Land, Buildings, and Equipment, Net$135,125$105,000▼ $30,125
Pledges and Grants Receivable$55,000--
Accounts Receivable$30,856$11,724▼ $19,132
Prepaid Expenses and Deferred Charges$7,428$2,561▼ $4,867
Total Assets$1,350,284$1,440,624▲ $90,340
Other Assets Total$330,531$330,531→ $0
Liabilities
Other Liabilities$330,531$330,531→ $0
Accounts Payable and Accrued Expenses$47,024$35,206▼ $11,818
Total Liabilities$377,555$365,737▼ $11,818
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$386,539$635,893▲ $249,354
Net Assets With Donor Restrictions$586,190$438,994▼ $147,196
Total Net Assets Fund Balance$972,729$1,074,887▲ $102,158
Total Liabilities and Net Assets / Fund Balance$1,350,284$1,440,624▲ $90,340

Asset Categories

AssetBook ValueDepreciationBasis
Land$105,000--
Other Assets Org$330,531--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ona PorterInterim CEO/FT$75,284$1,344$76,628

Board Members and Trustees

NameTitle
Susan MorrisonBoard Chair
Arellana CorderoCEO/member
Amber CarilloMember
Daya Singh KhalsaMember
Nancy LopezMember
Revenue and Support

Revenue Composition

Contributions and Grants
$877,500
Program Service Revenue
$52,249
Investment Income
$1,204
Other Revenue
$89,293
All Other Contributions
$558,201
Change in Net Assets
$249,354

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,020,246
Total Revenue per Audited Statements
$1,020,246
Total Revenue per Form 990
$1,020,246
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$426,052
Salaries, Compensation, and Employee Benefits$324,905
Total Fundraising Expense$36,056
Grants and Similar Amounts Paid$19,935
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$172,526$16,998$16,921$206,445
Fees for Services Other$106,366$25,583$8,833$140,782
Current Officers, Directors, Trustees, and Key Employees$64,031$6,308$6,289$76,628
Occupancy$36,045$3,903-$39,948
Information Technology$27,617$6,339-$33,956
Payroll Taxes$18,056$1,758$1,738$21,552
Grants to Domestic Individuals$19,935--$19,935
Other Employee Benefits$15,593$1,536$1,654$18,783
Conferences and Meetings$3,956$1,535$390$5,881
Office Expenses$2,385$1,169$67$3,621
Insurance$1,621$859-$2,480
Pension Plan Contributions$1,243$122$132$1,497
All Other Expenses$964$404$1$1,369
Other Expenses$3,991$985-$985
Travel$681$83$1$765
Advertising$120-$30$150
Total Functional Expenses$667,254$67,582$36,056$770,892

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$770,892
Total Expenses per Audited Statements$770,892
Total Expenses per Form 990$770,892
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 PorterBoard MemberRentNo$31,200
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Held for Others$330,531
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 35% controlled entity
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
Interim CEO/member
Phone
5052172747
Signed
2021-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ona Porter
Formed
1999
Legal Domicile
Nm
Voting Board Members
6
Independent Board Members
5
Employees
25
Volunteers
1

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

Financial inclusion and opportunity- individual development accounts (idas) have been deployed to encourage savings, investment and asset accumulation among moderate income and working families. Idas are matched savings accounts that are used to (a) buy a first home (b) pursue post secondary education (c) start or expand a small business. In counties throughout new mexico, prosperity works and its partners use idas to stabilize families financially, assist them in builing assets, and build strong communities. It is with banks, credit unions, ngo's and public and private investments that we are able to operate the new mexico assets consortium that manages this rural and urban delivery system.

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

Community energy efficiency project: working with community partners we leverage the low income programs of investor owned utilities to provide energy efficiencty retrofits to low income residents which reduces their costs and emissions and increases the health, safety and comfort of homes while, at once, preserving aging housing stock. We are also an intervener with the new mexico public regulation commission on behalf of low and moderate consumers whose energy burden runs from high to extreme; who need a low income discount rate, energy efficiency retrofits, and relief from unnecessary and burdens to prove poverty and worthiness.

Form 990, Part IX, Line 11G

Other professional services 69,419 22,954 0 other professional services 4,400 0 0 other professional services 8,438 0 0 subcontractors 8,601 366 8,833 subcontractors 796 0 0 subcontractors 2,150 0 0 accounting services 8,708 2,263 0 accounting services 3,854 0 0 total 106,366 25,583 8,833

Form 990, Part XI, Line 9

Net transer of fiscal sponsor asset -147,196

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 files their federal form 990 tax return in the u.s. Federal jurisdiction and the online charitable registration in the office of the attorney general for the state of new mexico.

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IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt015593
IRS990/OtherEmployeeBenefitsGrp/TotalAmt018783
IRS990/OtherExpensesGrp/Desc0THREE SISTERS KITCHEN
IRS990/OtherExpensesGrp/Desc1IDA ASSETS PURCHASES
IRS990/OtherExpensesGrp/Desc2RESEARCH AND EVALUATION
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt0985
IRS990/OtherExpensesGrp/ProgramServicesAmt0127213
IRS990/OtherExpensesGrp/ProgramServicesAmt164911
IRS990/OtherExpensesGrp/ProgramServicesAmt23991
IRS990/OtherExpensesGrp/TotalAmt0127213
IRS990/OtherExpensesGrp/TotalAmt164911
IRS990/OtherExpensesGrp/TotalAmt23991
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IRS990/OtherLiabilitiesGrp/EOYAmt0330531
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt086919
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt086919
IRS990/OtherRevenueTotalAmt086919
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt016921
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt016998
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0172526
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IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
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IRS990/PayrollTaxesGrp/FundraisingAmt01738
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01758
IRS990/PayrollTaxesGrp/ProgramServicesAmt018056
IRS990/PayrollTaxesGrp/TotalAmt021552
IRS990/PensionPlanContributionsGrp/FundraisingAmt0132
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0122
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01243
IRS990/PensionPlanContributionsGrp/TotalAmt01497
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt055000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt07428
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt02561
IRS990/PrincipalOfficerNm0ONA PORTER
IRS990/ProfessionalFundraisingInd0false
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IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt052249
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt052249
IRS990/ProgSrvcAccomActy2Grp/Desc0CONSUMER ADVOCACY. PROSPERITY WORKS FORMED THE NEW MEXICO FAIR LENDING COALITION TO WORK WITH ORGANIZATIONS AND COMMUNITIES ACROSS THE STATE TO LIMIT THE ABUSES IN STORE FRONT LENDING AND TO PROVIDE AN ALTERNATVE FOR ACCESS TO CAPITAL THAT IS FAIR, EASILY ACCESSED, TRANSPARENT, AND ONE THAT PROVIDES A MEANS TO BUILD A CREDIT HISTORY.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt038475
IRS990/ProgSrvcAccomActy3Grp/Desc0CHILDRENS ECONOMIC SECURITY: PROSPERITY KIDS IS A MATCHED COLLEGE SAVINGS ACCOUNT INITIATIVE. IT IS DESIGNED TO LEVERAGE THE IMPORTANT WORK OF PARTNER ORGANIZATIONS THUS FURTHERING THEIR ENGAGEMENT WITH CLIENTS AND INCREASING THEIR IMPACT. THUS, YOUNG PARENTS ARE RETAINED IN HOME VISITNG PROGRAMS; SINGLE PARENT COLLEGE STUDENTS SUSTAIN THEIR ENROLLMENT; HEADSTART PARENTS PARTICIPATE IN PROGRAM REQUIREMENTS; AND, PARENTS ENROLLED IN CHILD DEVELOPMENT AND COMMUNITY LEADERSHIP COURSES MAKE MAJOR INVESTMENTS IN THE HEALTHLY DEVELOPMENT EDUCATION OF THEIR CHILDREN AND OF THEIR FAMILY AS A WHOLE.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt0144768
IRS990/ProgSrvcAccomActy3Grp/GrantAmt019935
IRS990/ProgSrvcAccomActyOtherGrp/Desc0COMMUNITY ENERGY EFFICIENCY PROJECT: WORKING WITH COMMUNITY PARTNERS WE LEVERAGE THE LOW INCOME PROGRAMS OF INVESTOR OWNED UTILITIES TO PROVIDE ENERGY EFFICIENCTY RETROFITS TO LOW INCOME RESIDENTS WHICH REDUCES THEIR COSTS AND EMISSIONS AND INCREASES THE HEALTH, SAFETY AND COMFORT OF HOMES WHILE, AT ONCE, PRESERVING AGING HOUSING STOCK. WE ARE ALSO AN INTERVENER WITH THE NEW MEXICO PUBLIC REGULATION COMMISSION ON BEHALF OF LOW AND MODERATE CONSUMERS WHOSE ENERGY BURDEN RUNS FROM HIGH TO EXTREME; WHO NEED A LOW INCOME DISCOUNT RATE, ENERGY EFFICIENCY RETROFITS, AND RELIEF FROM UNNECESSARY AND BURDENS TO PROVE POVERTY AND WORTHINESS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0127213
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0993720
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt025925
IRS990/PYInvestmentIncomeAmt0389
IRS990/PYOtherExpensesAmt0784332
IRS990/PYOtherRevenueAmt07357
IRS990/PYProgramServiceRevenueAmt024284
IRS990/PYRevenuesLessExpensesAmt0-356054
IRS990/PYSalariesCompEmpBnftPaidAmt0571547
IRS990/PYTotalExpensesAmt01381804
IRS990/PYTotalRevenueAmt01025750
IRS990/QuidProQuoContributionsInd0false
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IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt02374
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0139168
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0500334
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0562848
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0877500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0993720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0745762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01101130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0978785
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04696897
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt03578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt04366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt010976
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0284
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt023003
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0169620
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77720
IRS990ScheduleA/PublicSupportPY170Pct00.68170
IRS990ScheduleA/PublicSupportTotal170Amt03668377
IRS990ScheduleA/SubstantialContributorsTotAmt01028520
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0877500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0993720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0745762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01101130
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0978785
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04696897
IRS990ScheduleA/TotalSupportAmt04719900
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/CurrentYearAmt035159
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt053295
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus3Amt029152
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0117606
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0140634
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0213180
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus3Amt0116607
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0470421
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt020000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt011200
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus3Amt03000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt034200
IRS990ScheduleC/GrassrootsCeilingAmt0176409
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt035159
IRS990ScheduleC/LobbyingCeilingAmt0705632
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0140634
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0750892
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt020000
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0770892
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt020000
IRS990ScheduleD/ExpensesSubtotalAmt0770892
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0105000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0105000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0330531
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0330531
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0HELD FOR OTHERS
IRS990ScheduleD/RevenueSubtotalAmt01020246
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 FILES THEIR FEDERAL FORM 990 TAX RETURN IN THE U.S. FEDERAL JURISDICTION AND THE ONLINE CHARITABLE REGISTRATION IN THE OFFICE OF THE ATTORNEY GENERAL FOR THE STATE OF NEW MEXICO.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 3, PART X
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0330531
IRS990ScheduleD/TotalExpensesPerForm990Amt0770892
IRS990ScheduleD/TotalLiabilityAmt0330531
IRS990ScheduleD/TotalRevenuePerForm990Amt01020246
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01020246
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0770892
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019935
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CHILDRENS SAVINGS ACCOUNT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0552
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ONA PORTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0BOARD MEMBER
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/ExplanationTxt1FINANCIAL INCLUSION AND OPPORTUNITY- INDIVIDUAL DEVELOPMENT ACCOUNTS (IDAS) HAVE BEEN DEPLOYED TO ENCOURAGE SAVINGS, INVESTMENT AND ASSET ACCUMULATION AMONG MODERATE INCOME AND WORKING FAMILIES. IDAS ARE MATCHED SAVINGS ACCOUNTS THAT ARE USED TO (A) BUY A FIRST HOME (B) PURSUE POST SECONDARY EDUCATION (C) START OR EXPAND A SMALL BUSINESS. IN COUNTIES THROUGHOUT NEW MEXICO, PROSPERITY WORKS AND ITS PARTNERS USE IDAS TO STABILIZE FAMILIES FINANCIALLY, ASSIST THEM IN BUILING ASSETS, AND BUILD STRONG COMMUNITIES. IT IS WITH BANKS, CREDIT UNIONS, NGO'S AND PUBLIC AND PRIVATE INVESTMENTS THAT WE ARE ABLE TO OPERATE THE NEW MEXICO ASSETS CONSORTIUM THAT MANAGES THIS RURAL AND URBAN DELIVERY SYSTEM.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2COMMUNITY ENERGY EFFICIENCY PROJECT: WORKING WITH COMMUNITY PARTNERS WE LEVERAGE THE LOW INCOME PROGRAMS OF INVESTOR OWNED UTILITIES TO PROVIDE ENERGY EFFICIENCTY RETROFITS TO LOW INCOME RESIDENTS WHICH REDUCES THEIR COSTS AND EMISSIONS AND INCREASES THE HEALTH, SAFETY AND COMFORT OF HOMES WHILE, AT ONCE, PRESERVING AGING HOUSING STOCK. WE ARE ALSO AN INTERVENER WITH THE NEW MEXICO PUBLIC REGULATION COMMISSION ON BEHALF OF LOW AND MODERATE CONSUMERS WHOSE ENERGY BURDEN RUNS FROM HIGH TO EXTREME; WHO NEED A LOW INCOME DISCOUNT RATE, ENERGY EFFICIENCY RETROFITS, AND RELIEF FROM UNNECESSARY AND BURDENS TO PROVE POVERTY AND WORTHINESS.
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 69,419 22,954 0 OTHER PROFESSIONAL SERVICES 4,400 0 0 OTHER PROFESSIONAL SERVICES 8,438 0 0 SUBCONTRACTORS 8,601 366 8,833 SUBCONTRACTORS 796 0 0 SUBCONTRACTORS 2,150 0 0 ACCOUNTING SERVICES 8,708 2,263 0 ACCOUNTING SERVICES 3,854 0 0 TOTAL 106,366 25,583 8,833
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7NET TRANSER OF FISCAL SPONSOR ASSET -147,196
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt01350284

Document Assets

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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
2020Detailed filing. Detailed filing data is available for this year.$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