Tennessee Prospers FY2020 filing

Memphis, TNUnknown exempt organizationSince 2020EIN 84-5122962Revenue $300K in FY2020

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.

Mission: Form 990 Part I, line 1

Before you give

FY2020 · 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
0%
of spending
Concern: 0% of spending went to programs; under 50%.
Pt IX · Ln 25 · col B
Cash reserves
21939 mo
of spending, in cash
Looks good: 21939.2 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
3
of 3 voting members
Looks good: 3 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
$300K
Spent
$164
To programs
0%
Net assets
$300K
By yearFY2020–FY2025
Revenue
$300K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$300K
FY2021$460K
FY2022$1.9M
FY2023$500K
FY2024$600K
FY2025$122K
Expenses
$164
FY2020
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
$300K
FY2020
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 FY2020 Form 990 · see the original

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You’re viewing the FY2020 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

What each dollar paid for.

Management & general 100% · $164

Form 990 Part IX, line 25. 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
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$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 · in their own filed words · FY2020
01

Non-Partisan and Advocacy group

Pt IX · col B

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 FY2020 990, line by line.

1The main four
Money inPt VIII
$300K
Ln 12
Gifts and grantsLn 1h$300K
Money outPt IX
$164
Ln 25
Managementcol C$164
Owns and owesPt X
$300K
net assets · Ln 32
Cash and savingsLn 1–2$300K
Total assetsLn 16$300K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$300K
Total revenueLn 12$300K
Assets in detailPt X, end of year
CashLn 1$300K
Cash and savings togetherLn 1–2$300K
Total assetsLn 16$300K
LiabilitiesLn 26$0
Net assetsLn 32$300K
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 FY20End FY20
Cash and savingsLn 1–2$300K
Total assetsLn 16$0$300K
LiabilitiesLn 26$0$0
Net assetsLn 32$0$300K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$149$149
Other expenses (24a–d)Ln 24$15$15
Total functional expensesLn 25$164$0$164$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $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 Viewing $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 FY2020 990 (6 parts)
Part I · Summary $300,000 revenue, 12 lines filed
I-8 Contributions and grants$300,000
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenue$300,000
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$164
I-18 Total expenses$164
I-19 Revenue less expenses$299,836
Part VI · Governance 3 of 3 board members independent, 3 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $300,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$300,000
VIII-1h Total contributions, gifts and grants$300,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$300,000
Part IX · Statement of functional expenses $164 across 2 lines filed
IX-13 Office expensesManagement $149$149
IX-24 Other expenses (24a–d)Management $15$15
IX-25 Total functional expensesPrograms $0 · Management $164 · Fundraising $0$164
Part X · Balance sheet $299,836 assets, 6 lines filed
X-1 Cash, non-interest-bearing$299,836
X-16 Total assetsStart of year $0$299,836
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictions$299,836
X-32 Total net assets or fund balancesStart of year $0$299,836
X-33 Total liabilities and net assetsStart of year $0$299,836
Part XI · Reconciliation of net assets $299,836 net assets at year end
XI-1 Total revenue$300,000
XI-2 Total expenses$164
XI-3 Revenue less expenses$299,836
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$299,836

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

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