Tennessee Prospers

Memphis, TNUnknown exempt organizationSince 2020EIN 84-5122962Revenue $122K in FY2025

On file with the IRStnprospers.org411 Monroe Avenue 200 · Memphis, TN

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To collaborate, innovate, and construct solutions to improve the social and economic future of all children and families in Tennessee.

57¢ of each $1 spent went to programs.
Run by 2 volunteers and 7 employees.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

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
3 of 6
filings with a surplus
Average surplus $20K a year · 3% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
57%
of spending
Worth a look: 57% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $30K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$122K
-80% vs prior year
Spent
$393K
To programs
57%
Net assets
$120K
By yearFY2020–FY2025
Revenue
$122K
FY2025▼ -80%
Tap a bar for its year
Revenue by fiscal year
FY2020$300K
FY2021$460K
FY2022$1.9M
FY2023$500K
FY2024$600K
FY2025$122K
Expenses
$393K
FY2025▼ -52%
Tap a bar for its year
Expenses by fiscal year
FY2020$164
FY2021$460K
FY2022$1.3M
FY2023$805K
FY2024$823K
FY2025$393K
Net assets
$120K
FY2025▼ -69%
Tap a bar for its year
Net assets by fiscal year
FY2020$300K
FY2021$300K
FY2022$919K
FY2023$614K
FY2024$391K
FY2025$120K

From the FY2025 Form 990 · see the original

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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

57 cents of each dollar spent went to programs.

Program services 57% · $222K Management & general 42% · $166K Fundraising 1% · $5K

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

3 people listed on the 990.

Part VII, Section A · reportable compensation
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A

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

NameFY2024FY2023FY2022
Mark Sturgis$148,089$124,502$63,176

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 Tennessee Prospers 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

Builds solutions to improve the social and economic future for Tennessee's children and families.

Provided by the organization

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1 program · $222K · in their own filed words · FY2025
01

Tennessee Prospers is a non-partisan policy and advocacy group that works with everyone in the community who shares our goal of creating long lasting opportunities for our families from Cradle to Career.

$222Kprogram 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 · FY2024
Total grants receivedfrom 1 funder$30K

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$122K
Ln 12
Gifts and grantsLn 1h$122K
Money outPt IX
$393K
Ln 25
Programscol B$222K
Managementcol C$166K
Fundraisingcol D$5K
Owns and owesPt X
$120K
net assets · Ln 32
Cash and savingsLn 1–2$120K
Total assetsLn 16$120K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$122K
Total revenueLn 12$122K
Assets in detailPt X, end of year
CashLn 1$120K
Cash and savings togetherLn 1–2$120K
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$120K
LiabilitiesLn 26$0
Net assetsLn 32$120K
OperationsPt I, VI
EmployeesI 57
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
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$463K$120K
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$463K$120K
LiabilitiesLn 26$72K$0
Net assetsLn 32$391K$120K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$81$81
Other salaries and wagesLn 7$256K$143K$113K
Payroll taxesLn 10$23K$8K$10K$5K
Accounting feesLn 11c$11K$11K
Other fees for servicesLn 11g$70K$70K$0$0
Advertising and promotionLn 12$300$300
Office expensesLn 13$16K$16K
OccupancyLn 16$10K$10K
TravelLn 17$185$185
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$560$560
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$393K$222K$166K$5K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $122K$393K−$271K$120K 990 PDF
FY2024 $600K$823K−$223K$391K 990 PDF
FY2023 $500K$805K−$305K$614K 990 PDF
FY2022 $1.9M$1.3M$619K$919K 990 PDF
FY2021 $460K$460K$291$300K 990 PDF
FY2020 $300K$164$300K$300K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $122,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $600,000$122,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $600,000$122,000
I-13 Grants and similar amounts paidPrior year $90$81
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $245,876$279,096
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $576,833$113,617
I-18 Total expensesPrior year $822,799$392,794
I-19 Revenue less expensesPrior year −$222,799−$270,794
Part VI · Governance 2 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
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
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $122,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$122,000
VIII-1h Total contributions, gifts and grants$122,000
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$122,000
Part IX · Statement of functional expenses $392,794 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $81$81
IX-7 Other salaries and wagesPrograms $143,467 · Management $112,724$256,191
IX-10 Payroll taxesPrograms $8,475 · Management $9,620 · Fundraising $4,810$22,905
IX-11c Accounting feesManagement $10,978$10,978
IX-11g Other fees for servicesPrograms $70,000 · Management $0 · Fundraising $0$70,000
IX-12 Advertising and promotionManagement $300$300
IX-13 Office expensesManagement $15,934$15,934
IX-16 OccupancyManagement $10,400$10,400
IX-17 TravelManagement $185$185
IX-23 InsuranceManagement $5,260$5,260
IX-24 Other expenses (24a–d)Management $560$560
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $222,023 · Management $165,961 · Fundraising $4,810$392,794
Part X · Balance sheet $119,921 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $462,715$119,921
X-10c Land, buildings and equipment, netStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $462,715$119,921
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $72,000$0
X-27 Net assets without donor restrictionsStart of year $390,715$119,921
X-32 Total net assets or fund balancesStart of year $390,715$119,921
X-33 Total liabilities and net assetsStart of year $462,715$119,921
Part XI · Reconciliation of net assets $119,921 net assets at year end
XI-1 Total revenue$122,000
XI-2 Total expenses$392,794
XI-3 Revenue less expenses−$270,794
XI-4 Net assets at start of year$390,715
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$119,921

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

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