Civic Intelligence

Prosperity Works

990 • Fiscal year 2021 • EIN 85-0466059

Oct 01, 2020 to Sep 30, 2021 • Filed on Aug 11, 2022

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

87th percentile

0.37x

Higher debt load relative to assets than 87% of similar nonprofits.

2021 filings • NTEE Y • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

89th percentile

1.13x

Higher debt load relative to revenue than 89% of similar nonprofits.

2021 filings • NTEE Y • $1M-$5M nonprofits • Source year 2021

Net Margin

10th percentile

-42%

Higher net margin than 10% of similar nonprofits.

2021 filings • NTEE Y • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

76th percentile

$40,608

Higher top officer pay than 76% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2021 filings • NTEE Y • $1M-$5M nonprofits • Source year 2021

Asset Growth

16th percentile

-2.7%

Faster asset growth than 16% of similar nonprofits.

2021 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-55%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • NTEE Y • $1M-$5M nonprofits • Annualized from 2020 to 2021

Assets

Down

$1,402,137

Down $38,487 (-2.7%) from 2020

Net Assets

Down

$878,343

Down $196,544 (-18%) from 2020

Liabilities

Up

$523,794

Up $158,057 (+43%) from 2020

Revenue

Down

$462,169

Down $558,077 (-55%) from 2020

Expenses

Down

$657,966

Down $112,926 (-15%) from 2020

Net Income

Down

-$195,797

Down $445,151 (-179%) from 2020

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

2021

Assets$1,402,137
Liabilities$523,794
Net Assets$878,343

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

2021

Revenue$462,169
Expenses$657,966
Net Income-$195,797
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Aug 11, 2022
Return Version
2020v4.0
Gross Receipts
$462,169
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$562,848$483,636▼ $79,212
Cash and Non-Interest-Bearing Accounts$427,960$363,927▼ $64,033
Land, Buildings, and Equipment, Net$105,000$105,000→ $0
Accounts Receivable$11,724$496▼ $11,228
Prepaid Expenses and Deferred Charges$2,561$178▼ $2,383
Total Assets$1,440,624$1,402,137▼ $38,487
Other Assets Total$330,531$448,900▲ $118,369
Liabilities
Escrow Account Liability-$449,300-
Other Liabilities$330,531$50,250▼ $280,281
Accounts Payable and Accrued Expenses$35,206$24,244▼ $10,962
Total Liabilities$365,737$523,794▲ $158,057
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$635,893$878,343▲ $242,450
Net Assets With Donor Restrictions$438,994--
Total Net Assets Fund Balance$1,074,887$878,343▼ $196,544
Total Liabilities and Net Assets / Fund Balance$1,440,624$1,402,137▼ $38,487

Asset Categories

AssetBook ValueDepreciationBasis
Land$105,000--
Other Assets Org$448,900--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ona PorterFounder EmerFT$39,608$1,000$40,608
Arellana CorderoCEO (to MarcFT$28,426$1,000$29,426

Board Members and Trustees

NameTitle
Daya KhalsaChairman
Susan M MorrisonPast Chairwo
Juan AbeytaVice Chairma
Javier AcevesMember
Karen MeyersMember
Amber CarilloSecretary
Mike AthensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$433,550
Program Service Revenue
$6,928
Investment Income
$704
Other Revenue
$20,987
All Other Contributions
$433,550
Change in Net Assets
$-195,797
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$323,867
Other Expenses$314,299
Total Fundraising Expense$33,958
Grants and Similar Amounts Paid$19,800
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$136,655$46,126$23,846$206,627
Fees for Services Other$61,934$42,855-$104,789
Current Officers, Directors, Trustees, and Key Employees$45,141$17,030$7,863$70,034
Occupancy$300$34,517-$34,817
Information Technology-$27,532-$27,532
Other Employee Benefits$2,002$24,536$152$26,690
Payroll Taxes$19,694$-1,985$2,093$19,802
Grants to Domestic Individuals$19,800--$19,800
Insurance-$2,100-$2,100
Office Expenses$276$1,697-$1,973
Pension Plan Contributions$52$658$4$714
Conferences and Meetings$149$399-$548
Advertising-$400-$400
Other Expenses$72$290-$362
Total Functional Expenses$427,853$196,155$33,958$657,966
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 PorterFounderRentNo$25,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Match Funds Held for Others$50,000
Security Deposits$250
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
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 15A

The board approves compensation for the ceo.

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
Ann Lyn Hall
Title
CEO
Phone
5052172747
Signed
2022-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ann Lyn Hall
Formed
1999
Legal Domicile
Nm
Voting Board Members
7
Independent Board Members
7
Employees
8
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, Part IX, Line 11G

Professional services 61,934 42,855 0

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

Prosperity works acts as custodian for individual development accounts (ida's). The ida's are held at several financial institutions and are owned by prosperity works.

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IRS990/OtherLiabilitiesGrp/EOYAmt050250
IRS990/OtherRevenueMiscGrp/BusinessCd0611430
IRS990/OtherRevenueMiscGrp/Desc0OTHER REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt015987
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt015987
IRS990/OtherRevenueTotalAmt015987
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt023846
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046126
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0136655
IRS990/OtherSalariesAndWagesGrp/TotalAmt0206627
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt02093
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0-1985
IRS990/PayrollTaxesGrp/ProgramServicesAmt019694
IRS990/PayrollTaxesGrp/TotalAmt019802
IRS990/PensionPlanContributionsGrp/FundraisingAmt04
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0658
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt052
IRS990/PensionPlanContributionsGrp/TotalAmt0714
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02561
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0178
IRS990/PrincipalOfficerNm0ANN LYN HALL
IRS990/PriorPeriodAdjustmentsAmt02
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0611430
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SERVICE FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06928
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06928
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/ExpenseAmt0231105
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/ExpenseAmt0163803
IRS990/ProgSrvcAccomActy3Grp/GrantAmt019800
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0877500
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt019935
IRS990/PYInvestmentIncomeAmt01204
IRS990/PYOtherExpensesAmt0426052
IRS990/PYOtherRevenueAmt089293
IRS990/PYProgramServiceRevenueAmt052249
IRS990/PYRevenuesLessExpensesAmt0249354
IRS990/PYSalariesCompEmpBnftPaidAmt0324905
IRS990/PYTotalExpensesAmt0770892
IRS990/PYTotalRevenueAmt01020246
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0-195797
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RentalIncomeOrLossGrp/RealAmt05000
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0true
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt022915
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0562848
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0483636
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0433550
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0877500
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0993720
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0745762
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01101130
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04151662
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt05704
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt03578
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt03799
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04366
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010976
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028423
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0192535
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.73580
IRS990ScheduleA/PublicSupportPY170Pct00.77720
IRS990ScheduleA/PublicSupportTotal170Amt03075754
IRS990ScheduleA/SubstantialContributorsTotAmt01075908
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0433550
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0877500
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0993720
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0745762
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01101130
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04151662
IRS990ScheduleA/TotalSupportAmt04180085
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/CurrentYearAmt030924
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus1Amt035159
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/CurrentYearMinus2Amt053295
IRS990ScheduleC/AvgGrassrootsNontaxableGrp/TotalAmt0119378
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearAmt0123695
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus1Amt0140634
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/CurrentYearMinus2Amt0213180
IRS990ScheduleC/AvgLobbyingNontaxableAmountGrp/TotalAmt0477509
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearAmt02500
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus1Amt020000
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/CurrentYearMinus2Amt011200
IRS990ScheduleC/AvgTotalLobbyingExpendGrp/TotalAmt033700
IRS990ScheduleC/GrassrootsCeilingAmt0179067
IRS990ScheduleC/GrassrootsNontaxableGrp/FilingOrganizationsTotalAmt030924
IRS990ScheduleC/LobbyingCeilingAmt0716264
IRS990ScheduleC/LobbyingNontaxableAmountGrp/FilingOrganizationsTotalAmt0123695
IRS990ScheduleC/OtherExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0655466
IRS990ScheduleC/SupplementalInformationDetail/ExplanationTxt0NO LOBBYING EXPENDITURES WERE INCURRED DURING THE 2017 FISCAL YEAR.
IRS990ScheduleC/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE C, PART II-A
IRS990ScheduleC/TotalDirectLobbyingGrp/FilingOrganizationsTotalAmt02500
IRS990ScheduleC/TotalExemptPurposeExpendGrp/FilingOrganizationsTotalAmt0657966
IRS990ScheduleC/TotalLobbyingExpendGrp/FilingOrganizationsTotalAmt02500
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0105000
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0105000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0448900
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0CASH HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt050000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1250
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0MATCH FUNDS HELD FOR OTHERS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0PROSPERITY WORKS ACTS AS CUSTODIAN FOR INDIVIDUAL DEVELOPMENT ACCOUNTS (IDA'S). THE IDA'S ARE HELD AT SEVERAL FINANCIAL INSTITUTIONS AND ARE OWNED BY PROSPERITY WORKS.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 2, PART IV, LINE 2B
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0105000
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0448900
IRS990ScheduleD/TotalLiabilityAmt050250
IRS990ScheduleI/GrantRecordsMaintainedInd0false
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt019800
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0CHILDRENS SAVINGS ACCOUNT
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt0574
IRS990/ScheduleJRequiredInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/PersonNm0ONA PORTER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0FOUNDER
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd0false
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt025000
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/ExplanationTxt1EXPLANATION: FORM 990 AND ALL SCHEDULES WERE PROVIDED TO MANAGEMENT AND THE BOARD OF DIRECTORS PRIOR TO FILING FOR APPROVAL
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ON 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/ExplanationTxt3THE BOARD APPROVES COMPENSATION FOR THE CEO.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ON THE WEBSITE AND UPON REQUEST. ALSO ON THE STATE OF NM CORPORATIONS DIVISION WEBSITE
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PROFESSIONAL SERVICES 61,934 42,855 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0NM
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false

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
2021Detailed filing. Detailed filing data is available for this year.$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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