Prosper INC

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EIN 46-1899951 Unknown exempt organization Phoenix, AZ
Form 990 (PDF)

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Revenue & expenses by yearFY2020–FY2021
Revenue
$103K
FY2021▼ -57%
Expenses
$105K
FY2021▼ -57%

Form 990 for the fiscal year ending December 2021 (IRS tax year 2021).


Promotes public understanding and support for free market policies. For fiscal year 2021 it reported $103K in revenue and $105K in expenses.Pt I

Type
Unknown exempt organization · Nonprofit
Location
Phoenix, AZ
Filings
2 on file (2020–2021)
Revenue
$103KFY2021
Expenses
$105K
Net assets
$0
People
5
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Provided by the organization

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Size
$100K–1M
What they do
Promotes public understanding and support for free market policies.
Leadership
Don Brandt · Director
Money in and out
$103K revenue, $105K expenses
Bottom line
-2% surplus margin

What Funders Ask

6 questions, answered from this org's own filings

Will my donation be tax-deductible?

NEUTRAL

Not on file

IRS deductibility code is not on file for this EIN. See detail →

Can I donate to this org right now?

GOOD

No revocation on IRS record

This EIN does not appear on the IRS auto-revocation list. See detail →

Is this organization up to date?

CRITICAL

No filing since FY2021 — 5 yrs

Most recent Form 990 on file is for fiscal year 2021 (5 years ago). See detail →

Is it receiving grants from reputable foundations?

NEUTRAL

No foundation grants on file

No Schedule I/Schedule R grants from other foundations are on file for this EIN. See detail →

How is the money spent?

GOOD

97% to programs

97% of total functional expenses went to program services in the most recent filing (Form 990 Part IX); the rest is overhead and fundraising. See detail →

What's its financial size and trend?

NEUTRAL

$100K–1M · ↓ -57% vs prior year

Revenue band $100K–1M, -57% versus the prior filing year (down). See detail →

Reported financial activity · FY2021
Total revenue
$103K
Pt VIII · Ln 12
Total expenses
$105K
Pt IX · Ln 25
Net assets
$0
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$2K
Where spending went · Part IX cols B–D
Program services $0.97 Management & general $0.03
Surplus margin
-2%
revenue over expenses, this year▼ -50% vs prior filing year
Program spending
97%
of expenses reach programs▲ +2% vs prior filing year

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Summary of the Filing

Part I · fiscal year 2021 · Form 990
Total assets
$0
FY2021▼ -100%
Total liabilities
$0
FY2021
Revenue less expensesPt I · Ln 19−$2K
Total assetsPt X · Ln 16$0
Program-expense ratioPt IX · col B97%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal name (IRS)Hdr · item CProsper INC
EINHdr · item D46-1899951
Principal addressHdr · item CPhoenix, AZ
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MAZ
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFpending

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $102K of program spending, described in the organization's own filed words · FY2021.
01

Worked to educate people about investing in arizona technology companies. Prosper was a sponsor of the 2020 invisionaz tech summit which was held to help promote and educate about the importance of arizona technology and innovation sustainability.

$102Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants100%$103K
Total revenueLn 12$103K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.97 Management & general $0.03
Program services97%$102K
Management & general3%$3K
Total functional expensesLn 25$105K

Balance Sheet

Part X · end of year
CashLn 1—
Total assetsLn 16$0
Total liabilitiesLn 26$0
Total net assetsLn 32$0

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves — · Operating expenses/yr $105K
Highly liquid reserves (cash & marketable securities on Pt X) ÷ monthly operating expenses (Pt IX total, less non-cash grants & depreciation when reported).
Where the money goes
Program services
Program services $102K · Total expenses $105K
97%
Management & General
Management & general $3K · Total expenses $105K
3%
Fundraising
Fundraising $0 · Total expenses $105K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $164K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $103K · Total revenue $103K
100%
Government reliance
Government grants — · Total revenue $103K
—
Earned-income share
Program service revenue $0 · Total revenue $103K
0%
Investment reliance
Investment income $0 · Total revenue $103K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $105K
0%
Growth & trend
Revenue growth (YoY)
This year $103K · Prior year $241K
-57%
Net-asset trend (YoY)
End of year $0 · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $103K · Expenses $105K
-2%
Liabilities-to-Assets
Total liabilities — · Total assets $0
—
Net-asset ratio
Net assets $0 · Total assets $0
—
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $0
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Don Brandt · Reported title DIRECTOR · Highest reported compensation $0 · Total expenses $105K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $105K
96%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 97%——
Overhead ratio 3%——
Fundraising cost ratio 0%——
Revenue growth -57%——
Legal fee ratio 0.1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2021 (Latest)$103K revenue · viewing · ⤓ 990 PDF
FY2020$241K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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