Prosperity First Committee INC

Trenton, NJUnknown exempt organizationSince 2019EIN 84-3537251Revenue $12K in FY2025

On file with the IRSPo Box 9209 · Trenton, NJ

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The Committee will be integral in making our communities affordable again for both working families and businesses.

81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

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FY2025 · Form 990Independent: from IRS data, not the org
Download 990
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
2 of 5
filings with a surplus
Average deficit $49K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Liabilities
$0
total owed
No data yet: the filing does not give total assets.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$12K
-98% vs prior year
Spent
$624K
To programs
81%
Net assets
$0
By yearFY2020–FY2025
Revenue
$12K
FY2025▼ -98%
Tap a bar for its year
Revenue by fiscal year
FY2020$2.1M
FY2021$1.0M
FY2022$555K
FY2023$742K
FY2025$12K
Expenses
$624K
FY2025▼ -69%
Tap a bar for its year
Expenses by fiscal year
FY2020$365K
FY2021$449K
FY2022$1.2M
FY2023$2.0M
FY2025$624K
Net assets
$0
FY2025▼ -100%
Tap a bar for its year
Net assets by fiscal year
FY2020$2.3M
FY2021$2.9M
FY2022$2.3M
FY2023$1.0M
FY2025$0

From the FY2025 Form 990 · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025.

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

Where the money goes

81 cents of each dollar spent went to programs.

Program services 81% · $502K Management & general 19% · $121K

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

1 person listed on the 990.

Part VII, Section A · reportable compensation
Director & President
$0Pt VII · Sec A
See Prosperity First Committee 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 15aNo

Programs and updates

Advocates for affordable communities for families and businesses.

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Provided by the organization

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1 program · $502K · in their own filed words · FY2025
01

Primary purpose for voter education and to promote voting.

$502Kprogram 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 · 5 grants · $130K · 2021–2023
NJ State Conference NAACPMD · FY2023$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$12K
Ln 12
Investment incomeLn 3$12K
Money outPt IX
$624K
Ln 25
Programscol B$502K
Managementcol C$121K
Owns and owesPt X
$0
net assets · Ln 32
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$12K
Total revenueLn 12$12K
Assets in detailPt X, end of year
CashLn 1$0
SavingsLn 2$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
LiabilitiesLn 26$0
Net assetsLn 32$0
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$612K$0
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Total assetsLn 16$612K$0
LiabilitiesLn 26$0$0
Net assetsLn 32$612K$0
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Legal feesLn 11b$20K$20K
Accounting feesLn 11c$4K$4K
Other fees for servicesLn 11g$507K$430K$76K
Office expensesLn 13$1K$382$694
OccupancyLn 16$38K$38K
InsuranceLn 23$4K$4K
Other expenses (24a–d)Ln 24$50K$48K$3K
Total functional expensesLn 25$624K$502K$121K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $12K$624K−$612K$0 990 PDF
FY2024 Not on file
FY2023 $742K$2.0M−$1.3M$1.0M 990 PDF
FY2022 $555K$1.2M−$664K$2.3M 990 PDF
FY2021 $1.0M$449K$576K$2.9M 990 PDF
FY2020 $2.1M$365K$1.7M$2.3M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $11,778 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $32,538$11,778
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $32,538$11,778
I-13 Grants and similar amounts paidPrior year $3,000$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $423,761$623,500
I-18 Total expensesPrior year $426,761$623,500
I-19 Revenue less expensesPrior year −$394,223−$611,722
Part VI · Governance 1 of 1 board members independent, 4 to look at
VI-1a Voting members of the governing body1
VI-1b Independent voting members1
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $11,778 across 2 lines filed
VIII-3 Investment incomeUnrelated business $11,778$11,778
VIII-12 Total revenueRelated to mission $0 · Unrelated business $11,778 · Excluded from tax $0$11,778
Part IX · Statement of functional expenses $623,500 across 7 lines filed
IX-11b Legal feesPrograms $20,164$20,164
IX-11c Accounting feesPrograms $4,194$4,194
IX-11g Other fees for servicesPrograms $430,165 · Management $76,434$506,599
IX-13 Office expensesPrograms $382 · Management $694$1,076
IX-16 OccupancyManagement $37,771$37,771
IX-23 InsuranceManagement $3,566$3,566
IX-24 Other expenses (24a–d)Programs $47,534 · Management $2,596$50,130
IX-25 Total functional expensesPrograms $502,439 · Management $121,061 · Fundraising $0$623,500
Part X · Balance sheet $0 assets, 16 lines filed
X-1 Cash, non-interest-bearing$0
X-2 Savings and temporary cash investmentsStart of year $611,722$0
X-3 Pledges and grants receivable$0
X-4 Accounts receivable$0
X-8 Inventories for sale or use$0
X-9 Prepaid expenses and deferred charges$0
X-10c Land, buildings and equipment, net$0
X-11 Publicly traded securities$0
X-12 Other securities$0
X-13 Program-related investments$0
X-14 Intangible assets$0
X-15 Other assets$0
X-16 Total assetsStart of year $611,722$0
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $611,722$0
X-33 Total liabilities and net assetsStart of year $611,722$0
Part XI · Reconciliation of net assets $0 net assets at year end
XI-1 Total revenue$11,778
XI-2 Total expenses$623,500
XI-3 Revenue less expenses−$611,722
XI-4 Net assets at start of year$611,722
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$0

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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