Florida Prosperity Partnership INC

IRS exemption revoked

Sanford, FLUnknown exempt organizationEIN 27-0905144Revenue $489K in FY2022

On file with the IRSfloridaprosperitypartnership.org250 West Lake Mary Blvd Suite 289 · Sanford, FL

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The mission of the organization is to provide pathways to economic securiety through a statewide coalition of organizations

71¢ of each $1 spent went to programs.
Run by 50 volunteers and 3 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

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FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2022
latest Form 990
Worth a look: the latest return is for FY2022, 4 tax years back; more than 3 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 3
filings with a surplus
Average surplus $11K a year · 3% of revenue · last 3 filings
Fine: a surplus in 2 of the last 3 filings.
Pt I · Ln 19 · 3 filings
Spent on programs
71%
of spending
Fine: 71% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Worth a look: 0.9 months of spending in cash; under 1.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $20K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$489K
+7% vs prior year
Spent
$607K
To programs
71%
Net assets
$50K
By yearFY2020–FY2022
Revenue
$489K
FY2022▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$322K
FY2021$459K
FY2022$489K
Expenses
$607K
FY2022▲ +57%
Tap a bar for its year
Expenses by fiscal year
FY2020$242K
FY2021$387K
FY2022$607K
Net assets
$50K
FY2022▼ -70%
Tap a bar for its year
Net assets by fiscal year
FY2020$96K
FY2021$168K
FY2022$50K

From the FY2022 Form 990 · see the original

Form 990 (PDF) Claim
IRS revoked this organization's tax-exempt status on May 15, 2026

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2022.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

71 cents of each dollar spent went to programs.

Program services 71% · $431K Management & general 21% · $126K Fundraising 8% · $50K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

20 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Florida Prosperity Partnership INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Connects people to economic security through a statewide network.

Questions for Florida Prosperity Partnership INC

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Provided by the organization

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2 programs · $431K · in their own filed words · FY2022
01

Strategic and emerging initiatives include train-the-trainers pertaining to financial capability; virtual training sessions; regional prosperity convenings; bank on florida; florida taxpayer opportunity network; bright minds, fresh ideas think tank; spondulics (the financial edutainment broadcasat platform); and other convenings and…

$315Kprogram expense
02

The annual financial capability training conference brings together leaders and practitioners of all levels representing non-profit organizations large and small, financial institutions, academic circles, for-profit organizations and government entities to work toward the FPP coalition mission, to elevate financial capability for all.

$116Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$20K

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$489K
Ln 12
Gifts and grantsLn 1h$465K
Fees for servicesLn 2g$24K
Investment incomeLn 3$488
Money outPt IX
$607K
Ln 25
Programscol B$431K
Managementcol C$126K
Fundraisingcol D$50K
Owns and owesPt X
$50K
net assets · Ln 32
Cash and savingsLn 1–2$45K
Total assetsLn 16$50K
LiabilitiesLn 26$0
PeoplePt VI, VII
20
listed · VII A
PaidVII A0
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$465K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$24K
Investment incomeLn 3$488
Total revenueLn 12$489K
Assets in detailPt X, end of year
CashLn 1$45K
Cash and savings togetherLn 1–2$45K
Land, buildings, equipmentLn 10c$4K
Total assetsLn 16$50K
LiabilitiesLn 26$0
Net assetsLn 32$50K
OperationsPt I, VI
EmployeesI 53
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$168K$45K
Land, buildings, equipmentLn 10c$0$4K
Total assetsLn 16$168K$50K
LiabilitiesLn 26$0$0
Net assetsLn 32$168K$50K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$364K$284K$36K$44K
Other employee benefitsLn 9$14K$11K$1K$2K
Payroll taxesLn 10$29K$22K$3K$3K
Office expensesLn 13$10K$0$10K$0
OccupancyLn 16$23K$19K$5K$0
Conferences, conventions and meetingsLn 19$14K$0$14K$0
Depreciation, depletion and amortizationLn 22$1K$0$1K$0
InsuranceLn 23$3K$0$3K$0
Other expenses (24a–d)Ln 24$137K$88K$49K$0
All other expensesLn 24e$12K$8K$4K$1K
Total functional expensesLn 25$607K$431K$126K$50K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest Viewing $489K$607K−$118K$50K 990 PDF
FY2021 $459K$387K$72K$168K 990 PDF
FY2020 $322K$242K$80K$96K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $489,256 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $313,076$465,137
I-9 Program service revenuePrior year $23,396$23,631
I-10 Investment incomePrior year $1,953$488
I-11 Other revenuePrior year $120,929$0
I-12 Total revenuePrior year $459,354$489,256
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $269,460$406,515
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $117,723$200,852
I-18 Total expensesPrior year $387,183$607,367
I-19 Revenue less expensesPrior year $72,171−$118,111
Part VI · Governance 20 of 20 board members independent, no flags
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $489,256 across 12 lines filed
Lines not itemized here account for $23,631 of total revenue; see the IRS return.
VIII-1a Federated campaigns$0
VIII-1b Membership dues$3,321
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$362,447
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$465,137
VIII-3 Investment incomeRelated to mission $488 · Unrelated business $0 · Excluded from tax $0$488
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $24,119 · Unrelated business $0 · Excluded from tax $0$489,256
Part IX · Statement of functional expenses $607,367 across 10 lines filed
IX-7 Other salaries and wagesPrograms $283,720 · Management $36,374 · Fundraising $43,650$363,744
IX-9 Other employee benefitsPrograms $10,939 · Management $1,402 · Fundraising $1,681$14,022
IX-10 Payroll taxesPrograms $22,426 · Management $2,875 · Fundraising $3,448$28,749
IX-13 Office expensesPrograms $0 · Management $9,911 · Fundraising $0$9,911
IX-16 OccupancyPrograms $18,757 · Management $4,606 · Fundraising $0$23,363
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $14,457 · Fundraising $0$14,457
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $1,076 · Fundraising $0$1,076
IX-23 InsurancePrograms $0 · Management $2,791 · Fundraising $0$2,791
IX-24 Other expenses (24a–d)Programs $87,550 · Management $49,453 · Fundraising $0$137,003
IX-24e All other expensesPrograms $7,541 · Management $3,550 · Fundraising $1,160$12,251
IX-25 Total functional expensesPrograms $430,933 · Management $126,495 · Fundraising $49,939$607,367
Part X · Balance sheet $49,751 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $167,862$45,447
X-10c Land, buildings and equipment, netStart of year $0$4,304
X-16 Total assetsStart of year $167,862$49,751
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $167,862$49,751
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $167,862$49,751
X-33 Total liabilities and net assetsStart of year $167,862$49,751
Part XI · Reconciliation of net assets $49,751 net assets at year end
XI-1 Total revenue$489,256
XI-2 Total expenses$607,367
XI-3 Revenue less expenses−$118,111
XI-4 Net assets at start of year$167,862
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$49,751

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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