Prosperity Catalyst INC: FY2020 Nonprofit Profile & Form 990 (EIN 27-2911776)

Catherine Gibbons’s $86K as Executive Director is at the 75th percentile of top reported officer pay among 1636 $100K–1M international nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

Name	FY2023	FY2022	FY2021	FY2020
Catherine Gibbons	$85,964	$100,416	$109,147	$109,147

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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

Empowers women in distressed regions through business training and opportunities.

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2 programs · $1.6M · in their own filed words · FY2019

01

Our work in iraq has a special emphasis on supporting and providing economic opportunities for female heads of household, war widows, internally displaced persons (idps), and other vulnerable women.

$1.5Mprogram expense

02

In 2013, not long after the earthquake, pcat started working in haiti, by providing business management training to 100 women in cap-haitian and launching a women-led candle production and export company called fanm limye (women illuminated), a for-profit business, which is 97% owned by prosperity catalyst with each of the remaining…

$97Kprogram 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

Boston Foundation INCFY2023$30K

Fidelity Investments Charitable Gift FundFY2023$23K

The Ayco Charitable FoundationFY2023$15K

Living Springs FoundationFY2023$2K

Amazonsmile FoundationFY2023$29

Total grants receivedfrom 5 funders$70K

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By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$1.8M

Ln 12

Gifts and grantsLn 1h$1.7M

Other incomeLn 4–11$53K

Investment incomeLn 3$4

Money outPt IX

$1.8M

Ln 25

Programscol B$1.6M

Managementcol C$127K

Fundraisingcol D$99K

Owns and owesPt X

$211K

net assets · Ln 32

Cash and savingsLn 1–2$139K

Total assetsLn 16$283K

LiabilitiesLn 26$71K

PeoplePt VI, VII

14

listed · VII A

PaidVII A1

Voting boardVI 1a9

IndependentVI 1b9

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.7M

Government grantsLn 1e$1.3M

Investment incomeLn 3$4

Other incomeLn 4–11$53K

Total revenueLn 12$1.8M

Assets in detailPt X, end of year

CashLn 1$139K

Cash and savings togetherLn 1–2$139K

Land, buildings, equipmentLn 10c$19K

Total assetsLn 16$283K

LiabilitiesLn 26$71K

Net assetsLn 32$211K

OperationsPt I, VI

EmployeesI 56

VolunteersI 69

Fiscal year endsHeaderSeptember

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

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$82K	$139K
Land, buildings, equipmentLn 10c	$25K	$19K
Total assetsLn 16	$300K	$283K
LiabilitiesLn 26	$65K	$71K
Net assetsLn 32	$234K	$211K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants and assistance to foreign recipientsLn 3	$97K	$97K
Pay of current officers, directors and key staffLn 5	$117K	$35K	$42K	$40K
Other salaries and wagesLn 7	$254K	$162K	$49K	$43K
Other employee benefitsLn 9	$25K	$19K	$3K	$3K
Payroll taxesLn 10	$28K	$15K	$7K	$6K
Legal feesLn 11b	$4K	$3K	$1K
Accounting feesLn 11c	$65K	$58K	$4K	$3K
Other fees for servicesLn 11g	$654K	$654K
Advertising and promotionLn 12	$5K	$3K	$2K	$39
Office expensesLn 13	$11K	$10K	$413	$531
OccupancyLn 16	$28K	$28K
TravelLn 17	$76K	$69K	$8K
Conferences, conventions and meetingsLn 19	$18K	$9K	$8K	$991
Depreciation, depletion and amortizationLn 22	$6K	$6K
InsuranceLn 23	$13K	$9K	$3K	$473
Other expenses (24a–d)Ln 24	$410K	$410K		$233
Total functional expensesLn 25	$1.8M	$1.6M	$127K	$99K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2023 Latest	$938K	$891K	$47K	$43K	990 PDF
FY2022	$824K	$951K	−$127K	−$4K	990 PDF
FY2021	$1.5M	$1.6M	−$88K	$123K	990 PDF
FY2020 Viewing	$1.8M	$1.8M	−$23K	$211K	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support F · Foreign O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $1,791,246 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,338,086$1,737,945

I-9 Program service revenuePrior year $0$0

I-10 Investment incomePrior year $1,061$4

I-11 Other revenuePrior year $64,419$53,297

I-12 Total revenuePrior year $1,403,566$1,791,246

I-13 Grants and similar amounts paidPrior year $132,727$97,193

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $392,808$425,418

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $886,173$1,291,587

I-18 Total expensesPrior year $1,411,708$1,814,198

I-19 Revenue less expensesPrior year −$8,142−$22,952

Part VI · Governance 9 of 9 board members independent, no flags

VI-1a Voting members of the governing body9

VI-1b Independent voting members9

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 $1,791,246 across 5 lines filed

Lines not itemized here account for $53,297 of total revenue; see the IRS return.

VIII-1e Government grants$1,273,996

VIII-1f All other contributions, gifts and grants$463,949

VIII-1h Total contributions, gifts and grants$1,737,945

VIII-3 Investment incomeExcluded from tax $4$4

VIII-12 Total revenueRelated to mission $53,297 · Unrelated business $0 · Excluded from tax $4$1,791,246

Part IX · Statement of functional expenses $1,814,198 across 16 lines filed

IX-3 Grants and assistance to foreign recipientsPrograms $97,193$97,193

IX-5 Pay of current officers, directors and key staffPrograms $35,322 · Management $41,580 · Fundraising $40,385$117,287

IX-7 Other salaries and wagesPrograms $162,359 · Management $48,987 · Fundraising $43,041$254,387

IX-9 Other employee benefitsPrograms $18,501 · Management $3,396 · Fundraising $3,355$25,252

IX-10 Payroll taxesPrograms $15,256 · Management $6,887 · Fundraising $6,349$28,492

IX-11b Legal feesPrograms $3,250 · Management $1,000$4,250

IX-11c Accounting feesPrograms $57,565 · Management $4,483 · Fundraising $3,269$65,317

IX-11g Other fees for servicesPrograms $654,334$654,334

IX-12 Advertising and promotionPrograms $3,336 · Management $1,992 · Fundraising $39$5,367

IX-13 Office expensesPrograms $9,922 · Management $413 · Fundraising $531$10,866

IX-16 OccupancyPrograms $27,781$27,781

IX-17 TravelPrograms $68,803 · Management $7,686$76,489

IX-19 Conferences, conventions and meetingsPrograms $9,123 · Management $7,562 · Fundraising $991$17,676

IX-22 Depreciation, depletion and amortizationPrograms $6,200$6,200

IX-23 InsurancePrograms $9,445 · Management $3,387 · Fundraising $473$13,305

IX-24 Other expenses (24a–d)Programs $409,769 · Fundraising $233$410,002

IX-25 Total functional expensesPrograms $1,588,159 · Management $127,373 · Fundraising $98,666$1,814,198

Part X · Balance sheet $282,681 assets, 13 lines filed

X-1 Cash, non-interest-bearingStart of year $81,753$138,764

X-3 Pledges and grants receivableStart of year $118,363$59,637

X-8 Inventories for sale or useStart of year $58,158$62,727

X-9 Prepaid expenses and deferred chargesStart of year $1,795$2,953

X-10c Land, buildings and equipment, netStart of year $24,800$18,600

X-16 Total assetsStart of year $299,713$282,681

X-17 Accounts payable and accrued expensesStart of year $12,576$33,496

X-24 Unsecured notes and loans payableStart of year $52,904$37,904

X-26 Total liabilitiesStart of year $65,480$71,400

X-27 Net assets without donor restrictionsStart of year $124,958$92,057

X-28 Net assets with donor restrictionsStart of year $109,275$119,224

X-32 Total net assets or fund balancesStart of year $234,233$211,281

X-33 Total liabilities and net assetsStart of year $299,713$282,681

Part XI · Reconciliation of net assets $211,281 net assets at year end

XI-1 Total revenue$1,791,246

XI-2 Total expenses$1,814,198

XI-3 Revenue less expenses−$22,952

XI-4 Net assets at start of year$234,233

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$211,281

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Prosperity Catalyst INC FY2020 filing

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