Tennessee Prospers FY2022 filing

Memphis, TNUnknown exempt organizationSince 2020EIN 84-5122962Revenue $1.9M in FY2022

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.

88¢ of each $1 spent went to programs.
$63K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · 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
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$63K
to officers and key staff · 5% of spending
Looks good: pay to officers and key staff is 5% of spending; 15% or less.
Pt VII · Sec A
9 mo
of spending, in cash
Looks good: 8.6 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
$1.9M
+314% vs prior year
Spent
$1.3M
To programs
88%
Net assets
$919K
By yearFY2020–FY2025
Revenue
$1.9M
FY2022▲ +314%
Tap a bar for its year
Revenue by fiscal year
FY2020$300K
FY2021$460K
FY2022$1.9M
FY2023$500K
FY2024$600K
FY2025$122K
Expenses
$1.3M
FY2022▲ +180%
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
$919K
FY2022▲ +206%
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 FY2022 Form 990 · 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 Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $1.1M Management & general 10% · $129K Fundraising 2% · $27K

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; $63K paid to officers and key staff.

Part VII, Section A · reportable compensation
Treasurer
$63,176Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$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.

Questions for Tennessee Prospers

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Provided by the organization

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1 program · $1.1M · in their own filed words · FY2022
01

Advocated for policies that will improve the well-being of tennessee families from cradle to career.

$1.1Mprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$1.9M
Ln 12
Gifts and grantsLn 1h$1.9M
Money outPt IX
$1.3M
Ln 25
Programscol B$1.1M
Managementcol C$129K
Fundraisingcol D$27K
Owns and owesPt X
$919K
net assets · Ln 32
Cash and savingsLn 1–2$919K
Total assetsLn 16$919K
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.9M
Total revenueLn 12$1.9M
Assets in detailPt X, end of year
CashLn 1$919K
Cash and savings togetherLn 1–2$919K
Total assetsLn 16$919K
LiabilitiesLn 26$0
Net assetsLn 32$919K
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 FY22End FY22
Cash and savingsLn 1–2$316K$919K
Total assetsLn 16$316K$919K
LiabilitiesLn 26$16K$0
Net assetsLn 32$300K$919K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Pay of current officers, directors and key staffLn 5$63K$13K$25K$25K
Other salaries and wagesLn 7$58K$32K$25K
Payroll taxesLn 10$11K$4K$4K$2K
Accounting feesLn 11c$22K$22K
Lobbying feesLn 11d$930K$930K
Other fees for servicesLn 11g$146K$146K
Office expensesLn 13$8K$8K
OccupancyLn 16$36K$36K
TravelLn 17$1K$1K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$1.3M$1.1M$129K$27K

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 Viewing $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 R · Related orgs G · Fundraising L · Interested persons I · Grants O · Explanations
See the full FY2022 990 (6 parts)
Part I · Summary $1,905,000 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $460,000$1,905,000
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $460,000$1,905,000
I-13 Grants and similar amounts paidPrior year $0$5,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$131,422
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $459,709$1,150,001
I-18 Total expensesPrior year $459,709$1,286,423
I-19 Revenue less expensesPrior year $291$618,577
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 $1,905,000 across 3 lines filed
VIII-1f All other contributions, gifts and grants$1,905,000
VIII-1h Total contributions, gifts and grants$1,905,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$1,905,000
Part IX · Statement of functional expenses $1,286,423 across 12 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-5 Pay of current officers, directors and key staffPrograms $12,636 · Management $25,270 · Fundraising $25,270$63,176
IX-7 Other salaries and wagesPrograms $32,210 · Management $25,474$57,684
IX-10 Payroll taxesPrograms $3,919 · Management $4,435 · Fundraising $2,208$10,562
IX-11c Accounting feesManagement $21,600$21,600
IX-11d Lobbying feesPrograms $930,000$930,000
IX-11g Other fees for servicesPrograms $145,843$145,843
IX-13 Office expensesManagement $8,492$8,492
IX-16 OccupancyManagement $36,000$36,000
IX-17 TravelManagement $1,248$1,248
IX-23 InsuranceManagement $5,325$5,325
IX-24 Other expenses (24a–d)Management $1,493$1,493
IX-25 Total functional expensesPrograms $1,129,608 · Management $129,337 · Fundraising $27,478$1,286,423
Part X · Balance sheet $918,704 assets, 6 lines filed
X-1 Cash, non-interest-bearingStart of year $316,127$918,704
X-16 Total assetsStart of year $316,127$918,704
X-26 Total liabilitiesStart of year $16,000$0
X-27 Net assets without donor restrictionsStart of year $300,127$918,704
X-32 Total net assets or fund balancesStart of year $300,127$918,704
X-33 Total liabilities and net assetsStart of year $316,127$918,704
Part XI · Reconciliation of net assets $918,704 net assets at year end
XI-1 Total revenue$1,905,000
XI-2 Total expenses$1,286,423
XI-3 Revenue less expenses$618,577
XI-4 Net assets at start of year$300,127
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$918,704

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

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