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Prosper INC FY2020 filing

Phoenix, AZUnknown exempt organization EIN 46-1899951Revenue $241K in FY2020Latest filing we have: 2021. Newer ones may not be in our data yet. Filed since? Tell us.

On file with the IRSPhoenix, AZ

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The corporation's primary purpose as well as its initial activities shall be to promote social welfare by encouraging public understanding of and support for free market policies.

Form 990 Part I, line 1, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1899951) · Dispute this line
95¢ of each $1 spent went to programs.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2021
latest Form 990
The latest return is for FY2021, 5 tax years back.
IRS e-file · Filing history
Surplus or deficit
0 of 2
filings with a surplus
Average deficit $3K a year · 2% of revenue · last 2 filings
A surplus in 0 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
95%
of spending
95% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 69% of spending
Pay to officers and key staff is 69% of spending.
Part VII, Section A
Cash reserves
0.1 mo
of spending, in cash
0.1 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Liabilities are 0% of assets.
Pt X · Ln 26
Independent board members
3
of 3 voting members
3 of 3 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$241K
Spent
$245K
To programs
95%
Net assets
$2K
By yearFY2020–FY2021
Revenue
$241K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$241K
FY2021$103K
Expenses
$245K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$245K
FY2021$105K
Net assets
$2K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$2K
FY2021$0

From the FY2020 Form 990 · see the original

990 PDF Support Claim
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2021) →

Is it real?

Yes. Never revoked by the IRS. Latest filing we have: FY2021.

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

Where the money goes

95 cents of each dollar spent went to programs.

Program services 95% · $233K Management & general 5% · $11K

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

Something off? Claim to add context

Who runs it and what they're paid

5 people listed on the 990; $168K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Kimberly Wold
Executive Di
$107,500Pt VII · Sec A
$60,000Pt VII · Sec A
Don Brandt
Director
$0Pt VII · Sec A
Beth Coons
Director
$0Pt VII · Sec A
Jim Keating
Director
$0Pt VII · Sec A
See Prosper INC executive salaries →

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

Promotes public understanding and support for free market policies.

Questions for Prosper INC

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Your first name shows with your question. Prosper INC answers here, for everyone.

1 program · $233K · in their own filed words · FY2020
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.

Form 990 Part III, line 4, FY2020. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 46-1899951) · Dispute this line
$233Kprogram expense

By the numbers

The FY2020 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$241K
Ln 12
Gifts and grantsLn 1h$226K
Other incomeLn 4–11$15K
Money outPt IX
$245K
Ln 25
Programscol B$233K
Managementcol C$11K
Owns and owesPt X
$2K
net assets · Ln 32
Cash and savingsLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$0
PeoplePt VI, VII
5
listed · VII A
PaidVII A2
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$226K
Other incomeLn 4–11$15K
Total revenueLn 12$241K
Assets in detailPt X, end of year
CashLn 1$2K
Cash and savings togetherLn 1–2$2K
Total assetsLn 16$2K
LiabilitiesLn 26$0
Net assetsLn 32$2K
OperationsPt I, VI
EmployeesI 52
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 FY20End FY20
Cash and savingsLn 1–2$6K$2K
Total assetsLn 16$6K$2K
LiabilitiesLn 26$0$0
Net assetsLn 32$6K$2K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$175K$175K
Payroll taxesLn 10$58K$58K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$11K$452$10K
Total functional expensesLn 25$245K$233K$11K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 LatestFiled with the IRS Nov 15, 2022 $103K$105K−$2K$0 990 PDF
FY2020 ViewingFiled with the IRS Nov 15, 2021 $241K$245K−$4K$2K 990 PDF

Schedules filed Part IV

I · Grants O · Explanations
See the full FY2020 990
Part I · Summary $241,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $140,000$226,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $90,000$15,000
I-12 Total revenuePrior year $230,000$241,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $219,250$232,891
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $15,896$11,633
I-18 Total expensesPrior year $235,146$244,524
I-19 Revenue less expensesPrior year −$5,146−$3,524
Part VI · Governance 3 of 3 board members independent, no flags
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $241,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$226,000
VIII-1h Total contributions, gifts and grants$226,000
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $15,000$15,000
VIII-12 Total revenueRelated to mission $15,000$241,000
Part IX · Statement of functional expenses $244,524 across 4 lines filed
IX-7 Other salaries and wagesPrograms $175,210$175,210
IX-10 Payroll taxesPrograms $57,681$57,681
IX-11c Accounting feesManagement $750$750
IX-11g Other fees for servicesPrograms $452 · Management $10,431$10,883
IX-25 Total functional expensesPrograms $233,343 · Management $11,181 · Fundraising $0$244,524
Part X · Balance sheet $2,252 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $5,776$2,252
X-16 Total assetsStart of year $5,776$2,252
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $5,776$2,252
X-32 Total net assets or fund balancesStart of year $5,776$2,252
X-33 Total liabilities and net assetsStart of year $5,776$2,252
Part XI · Reconciliation of net assets $2,252 net assets at year end
XI-1 Total revenue$241,000
XI-2 Total expenses$244,524
XI-3 Revenue less expenses−$3,524
XI-4 Net assets at start of year$5,776
XI-10 Net assets at end of year$2,252

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

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