Prosperity Denver Fund invests in Denver by financially supporting and partnering with scholarship providers, training providers, and nonprofits to increase the number of Denver students who access and complete postsecondary pathways.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
$168K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.9M a year · 25% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$168K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
40 mo
of spending, in cash
Looks good: 39.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.4M
18% of total assets
Looks good: liabilities are 18% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$14.6M
+22% vs prior year
Spent
$5.8M
To programs
89%
Net assets
$23.9M
By yearFY2021–FY2025
Revenue
$14.6M
FY2022▲ +22%
Tap a bar for its year
Revenue by fiscal year
FY2021$12.0M
FY2022$14.6M
FY2023$18.3M
FY2024$17.7M
FY2025$17.1M
Expenses
$5.8M
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2021$6.0M
FY2022$5.8M
FY2023$8.9M
FY2024$20.0M
FY2025$19.4M
Net assets
$23.9M
FY2022▲ +59%
Tap a bar for its year
Net assets by fiscal year
FY2021$15.1M
FY2022$23.9M
FY2023$33.4M
FY2024$31.1M
FY2025$28.8M

From the FY2022 Form 990 (year ending September 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2020.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $5.1M Management & general 11% · $647K

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

8 people listed on the 990; $168K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
$167,885Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary and Board Member
$0Pt VII · Sec A
Board Chair
$0Pt VII · Sec A
Treasurer and Board Member
$0Pt VII · Sec A
Vice Chair
$0Pt VII · Sec A

Rebecca Arno’s $216K as CEO is at the 43rd percentile of top reported officer pay among 3683 $10–100M education 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Rebecca Arno$216,346$43,781———
Matt Jordan——$177,019$167,885$149,500

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.

See Prosperity Denver Fund 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

Helps Denver residents access and complete post-high school education for better jobs and a stronger city.

Questions for Prosperity Denver Fund

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Provided by the organization

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1 program · $5.1M · in their own filed words · FY2021
01

In 2022, prosperity denver fund conducted its fourth round of reimbursements to 27 supported organizations totaling more than $5 million, covering more than 1,800 scholars. We continue to work closely with stakeholders to develop and implement strategies to increase the amount of funds distributed and scholars served.

$5.1Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking
Grants paid · 167 grants · $54.3M · 2020–2024
Denver Scholarship FoundationCO · FY2024$9,580,914
Emily Griffith Foundation INCCO · FY2024$1,006,160
CrosspurposeCO · FY2024$801,199
Colorado Uplift INCCO · FY2024$609,155
Sachs FoundationCO · FY2024$479,064
Denver Kids INCCO · FY2024$359,406
The Denver FoundationCO · FY2024$318,776
Colorado Youth for a ChangeCO · FY2024$287,467
Mile High 360CO · FY2024$262,216
City Year INCMA · FY2024$246,120
New Venture FundDC · FY2024$227,126
Minds Matter Colorado INCCO · FY2024$221,923
Prodigy Ventures INCCO · FY2024$198,813
Rise 5280CO · FY2024$177,827
Challenge Foundation INCCO · FY2024$172,566
HighviewCO · FY2024$163,987
See all 167 grants →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$14.6M
Ln 12
Gifts and grantsLn 1h$14.5M
Investment incomeLn 3$125K
Money outPt IX
$5.8M
Ln 25
Programscol B$5.1M
Managementcol C$647K
Owns and owesPt X
$23.9M
net assets · Ln 32
Cash and savingsLn 1–2$19.2M
Total assetsLn 16$29.3M
LiabilitiesLn 26$5.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A1
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$14.5M
Government grantsLn 1e$14.5M
Investment incomeLn 3$125K
Total revenueLn 12$14.6M
Assets in detailPt X, end of year
CashLn 1$19.2M
Cash and savings togetherLn 1–2$19.2M
InvestmentsLn 11–13$10.1M
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$29.3M
LiabilitiesLn 26$5.4M
Net assetsLn 32$23.9M
OperationsPt I, VI
EmployeesI 57
VolunteersI 67
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
LineStart FY22End FY22
Cash and savingsLn 1–2$14.9M$19.2M
InvestmentsLn 11–13$5.2M$10.1M
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$20.2M$29.3M
LiabilitiesLn 26$5.1M$5.4M
Net assetsLn 32$15.1M$23.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.1M$5.1M
Pay of current officers, directors and key staffLn 5$270K$270K
Pension plan contributionsLn 8$19K$19K
Other employee benefitsLn 9$11K$11K
Payroll taxesLn 10$20K$20K
Legal feesLn 11b$30K$30K
Accounting feesLn 11c$39K$39K
Other fees for servicesLn 11g$175K$175K
Office expensesLn 13$84$84
OccupancyLn 16$13K$13K
Conferences, conventions and meetingsLn 19$1K$1K
Depreciation, depletion and amortizationLn 22$486$486
InsuranceLn 23$15K$15K
Other expenses (24a–d)Ln 24$44K$44K
All other expensesLn 24e$10K$10K
Total functional expensesLn 25$5.8M$5.1M$647K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $17.1M$19.4M−$2.3M$28.8M 990 PDF
FY2024 $17.7M$20.0M−$2.3M$31.1M 990 PDF
FY2023 $18.3M$8.9M$9.5M$33.4M 990 PDF
FY2022 Viewing $14.6M$5.8M$8.8M$23.9M 990 PDF
FY2021 $12.0M$6.0M$6.0M$15.1M 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 J · Pay O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $14,622,453 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $11,944,168$14,497,202
I-9 Program service revenue$0
I-10 Investment incomePrior year $80,600$125,251
I-11 Other revenue$0
I-12 Total revenuePrior year $12,024,768$14,622,453
I-13 Grants and similar amounts paidPrior year $5,465,832$5,136,350
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $279,751$319,814
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $281,492$327,587
I-18 Total expensesPrior year $6,027,075$5,783,751
I-19 Revenue less expensesPrior year $5,997,693$8,838,702
Part VI · Governance 7 of 7 board members independent, no flags
VI-1a Voting members of the governing body7
VI-1b Independent voting members7
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 $14,622,453 across 4 lines filed
VIII-1e Government grants$14,497,202
VIII-1h Total contributions, gifts and grants$14,497,202
VIII-3 Investment incomeRelated to mission $122,453 · Unrelated business $2,798$125,251
VIII-12 Total revenueRelated to mission $122,453 · Unrelated business $2,798 · Excluded from tax $0$14,622,453
Part IX · Statement of functional expenses $5,783,751 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $5,136,350$5,136,350
IX-5 Pay of current officers, directors and key staffManagement $270,192$270,192
IX-8 Pension plan contributionsManagement $18,862$18,862
IX-9 Other employee benefitsManagement $11,002$11,002
IX-10 Payroll taxesManagement $19,758$19,758
IX-11b Legal feesManagement $30,030$30,030
IX-11c Accounting feesManagement $39,039$39,039
IX-11g Other fees for servicesManagement $174,781$174,781
IX-13 Office expensesManagement $84$84
IX-16 OccupancyManagement $13,066$13,066
IX-19 Conferences, conventions and meetingsManagement $1,000$1,000
IX-22 Depreciation, depletion and amortizationManagement $486$486
IX-23 InsuranceManagement $14,772$14,772
IX-24 Other expenses (24a–d)Management $44,111$44,111
IX-24e All other expensesManagement $10,218$10,218
IX-25 Total functional expensesPrograms $5,136,350 · Management $647,401 · Fundraising $0$5,783,751
Part X · Balance sheet $29,340,017 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $14,947,742$19,215,424
X-9 Prepaid expenses and deferred chargesStart of year $12,137$643
X-10c Land, buildings and equipment, netStart of year $2,873$2,387
X-12 Other securitiesStart of year $5,236,875$10,121,563
X-16 Total assetsStart of year $20,199,627$29,340,017
X-17 Accounts payable and accrued expensesStart of year $15,814$44,663
X-18 Grants payableStart of year $5,091,861$5,363,479
X-25 Other liabilitiesStart of year $108$1,329
X-26 Total liabilitiesStart of year $5,107,783$5,409,471
X-27 Net assets without donor restrictionsStart of year $15,091,844$23,930,546
X-32 Total net assets or fund balancesStart of year $15,091,844$23,930,546
X-33 Total liabilities and net assetsStart of year $20,199,627$29,340,017
Part XI · Reconciliation of net assets $23,930,546 net assets at year end
XI-1 Total revenue$14,622,453
XI-2 Total expenses$5,783,751
XI-3 Revenue less expenses$8,838,702
XI-4 Net assets at start of year$15,091,844
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$23,930,546

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

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