PROSPERITY DENVER FUND: Form 990, tax year 2021
View the entire original 990 at ProPublica ↗
- Organization
- PROSPERITY DENVER FUND (EIN 84-2091903)
- Tax period
- 2021-10-01 to 2022-09-30
- Filed
- 2023-03-07
- IRS object ID
- 202300669349301625
- Schema version
- 2021v4.2
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2023-03-07T17:33:23-05:00 | ReturnTs |
| Tax Period End | 2022-09-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 811121825 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | REDPOINT FINANCIAL SERVICES LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 3845 TENNYSON STREET SUITE 145 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80212 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2021-10-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 842091903 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PROSPERITY DENVER FUND | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | PROS | BusinessNameControlTxt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 7609 | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80207 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATT JORDAN | PersonNm |
| Person Title | CEO | PersonTitleTxt |
| Phone | 7205950500 | PhoneNum |
| Signature | 2023-03-06 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | MATT | PersonFirstNm |
| Person Last | JORDAN | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | XXX-XX-XXXX | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | JEFFREY SHERMAN | PreparerPersonNm |
| PTIN | P01955997 | PTIN |
| Phone | 3032093031 | PhoneNum |
| Preparation | 2023-03-07 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 0 | TrustedCustomerCd |
| OOB Security Verification | 00 | OOBSecurityVerificationCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2021 | TaxYr |
| Build TS | 2023-04-26 12:10:37Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MATT JORDAN | PrincipalOfficerNm |
| Gross Receipts | $14,622,453 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.PROSPERITYDENVERFUND.ORG | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 2019 | FormationYr |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Activity Or Mission | EXPAND ACCESS TO POST HIGH SCHOOL EDUCATION FOR DENVER RESIDENTS AND INCREASE THEIR EDUCATION COMPLETION RATE. THIS INVESTMENT IN DENVER RESIDENTS WILL ENHANCE THEIR ECONOMIC SECURITY AND MOBILITY, AND STRENGTHEN DENVERS WORKFORCE AND ECONOMY. | ActivityOrMissionDesc |
| Voting Members Governing Body | 7 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 7 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Gross UBI | $2,798 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $11,944,168 | PYContributionsGrantsAmt |
| CY Contributions Grants | $14,497,202 | CYContributionsGrantsAmt |
| CY Program Service Revenue | $0 | CYProgramServiceRevenueAmt |
| PY Investment Income | $80,600 | PYInvestmentIncomeAmt |
| CY Investment Income | $125,251 | CYInvestmentIncomeAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $12,024,768 | PYTotalRevenueAmt |
| CY Total Revenue | $14,622,453 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $5,465,832 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $5,136,350 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $279,751 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $319,814 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $281,492 | PYOtherExpensesAmt |
| CY Other Expenses | $327,587 | CYOtherExpensesAmt |
| PY Total Expenses | $6,027,075 | PYTotalExpensesAmt |
| CY Total Expenses | $5,783,751 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $5,997,693 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $8,838,702 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $20,199,627 | TotalAssetsBOYAmt |
| Total Assets EOY | $29,340,017 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $5,107,783 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $5,409,471 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $15,091,844 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $23,930,546 | NetAssetsOrFundBalancesEOYAmt |
| Mission | EXPAND ACCESS TO POST HIGH SCHOOL EDUCATION FOR DENVER RESIDENTS AND INCREASE THEIR EDUCATION COMPLETION RATE. THIS INVESTMENT IN DENVER RESIDENTS WILL ENHANCE THEIR ECONOMIC SECURITY AND MOBILITY, AND STRENGTHEN DENVERS WORKFORCE AND ECONOMY. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $5,136,350 | ExpenseAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $5,136,350 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (true) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (true) | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Lobbying Activities | false | LobbyingActivitiesInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | false | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | Yes (true) | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (true) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | Yes (true) | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (true) | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | false | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | Yes (true) | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | Yes (true) | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | false | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | false | PYExcessBenefitTransInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | false | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | Yes (true) | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | false | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 6 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | false | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | false | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | false | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | false | PayPremiumsPrsnlBnftCntrctInd |
| Form8899 Filedind | false | Form8899Filedind |
| Form1098 C Filed | false | Form1098CFiledInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | false | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | false | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 7 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 7 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | false | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (true) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (true) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (true) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (true) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (true) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | CO | StatesWhereCopyOfReturnIsFldCd |
| Own Website | Yes (X) | OwnWebsiteInd |
| Other Website | Yes (X) | OtherWebsiteInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | STEPHEN KURTZ | PersonNm |
| Phone | 3038885650 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6355 EAST TUFFS AVE | AddressLine1Txt |
| City | ENGLEWOOD | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80111 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|
| MATT JORDAN | ||||||||
| CEO | 40.00 | 0.00 | Yes (X) | Yes (X) | $167,885 | $0 | $0 | |
| CHRISTOPHER HERNDON | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| JOHN H KECHRIOTIS | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| DANIELLE SHOOTS | ||||||||
| BOARD MEMBER | 2.00 | 0.00 | $0 | $0 | $0 | Yes (X) | ||
| ANGELA COBIAN | ||||||||
| SECRETARY AND BOARD MEMBER | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| STEPHEN KURTZ | ||||||||
| BOARD CHAIR | 5.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| MARK GOODMAN | ||||||||
| TREASURER AND BOARD MEMBER | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| THERESA PENA | ||||||||
| VICE CHAIR | 3.00 | 0.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $167,885 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $0 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 1 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (true) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
| Government Grants | $14,497,202 | GovernmentGrantsAmt |
| Total Contributions | $14,497,202 | TotalContributionsAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $125,251 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $122,453 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,798 | UnrelatedBusinessRevenueAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $14,622,453 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $122,453 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $2,798 | UnrelatedBusinessRevenueAmt |
| Exclusion | $0 | ExclusionAmt |
Grants To Domestic Orgs GrantsToDomesticOrgsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,136,350 | TotalAmt |
| Program Services | $5,136,350 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $270,192 | TotalAmt |
| Management And General | $270,192 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $18,862 | TotalAmt |
| Management And General | $18,862 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $11,002 | TotalAmt |
| Management And General | $11,002 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,758 | TotalAmt |
| Management And General | $19,758 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,030 | TotalAmt |
| Management And General | $30,030 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $39,039 | TotalAmt |
| Management And General | $39,039 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $174,781 | TotalAmt |
| Management And General | $174,781 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $84 | TotalAmt |
| Management And General | $84 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $13,066 | TotalAmt |
| Management And General | $13,066 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,000 | TotalAmt |
| Management And General | $1,000 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $486 | TotalAmt |
| Management And General | $486 | ManagementAndGeneralAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $14,772 | TotalAmt |
| Management And General | $14,772 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|
| BANK CHARGES & FEES | $927 | $927 |
| POSTAGE & SHIPPING | $364 | $364 |
| MARKETING | $41,396 | $41,396 |
| SOFTWARE | $1,424 | $1,424 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $10,218 | TotalAmt |
| Management And General | $10,218 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,783,751 | TotalAmt |
| Program Services | $5,136,350 | ProgramServicesAmt |
| Management And General | $647,401 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,947,742 | BOYAmt |
| EOY | $19,215,424 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,137 | BOYAmt |
| EOY | $643 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $3,791 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $1,404 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,873 | BOYAmt |
| EOY | $2,387 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,236,875 | BOYAmt |
| EOY | $10,121,563 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,199,627 | BOYAmt |
| EOY | $29,340,017 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,814 | BOYAmt |
| EOY | $44,663 | EOYAmt |
Grants Payable GrantsPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,091,861 | BOYAmt |
| EOY | $5,363,479 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108 | BOYAmt |
| EOY | $1,329 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,107,783 | BOYAmt |
| EOY | $5,409,471 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,091,844 | BOYAmt |
| EOY | $23,930,546 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $15,091,844 | BOYAmt |
| EOY | $23,930,546 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,199,627 | BOYAmt |
| EOY | $29,340,017 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $8,838,702 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | false | AccountantCompileOrReviewInd |
| FS Audited | Yes (true) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $11,143,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,944,168 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,497,201 | CurrentTaxYearAmt |
| Total | $37,584,791 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $11,143,422 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $11,944,168 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $14,497,201 | CurrentTaxYearAmt |
| Total | $37,584,791 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $36,833,095 | SubstantialContributorsTotAmt |
| Public Support Total170 | $751,696 | PublicSupportTotal170Amt |
| Total Support | $37,584,791 | TotalSupportAmt |
| First5 Years170 | Yes (X) | First5Years170Ind |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $3,791 | OtherCostOrOtherBasisAmt |
| Depreciation | $1,404 | DepreciationAmt |
| Book Value | $2,387 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $2,387 | TotalBookValueLandBuildingsAmt |
Other Securities OtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | INVESTMENT - MONEY MARKET | Desc |
| Book Value | $10,121,563 | BookValueAmt |
| Method Valuation | F | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Securities | $10,121,563 | TotalBookValueSecuritiesAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | CREDIT CARD PAYABLE | Desc |
| Amt | $1,329 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $1,329 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $14,622,453 | TotalRevEtcAuditedFinclStmtAmt |
| Revenue Subtotal | $14,622,453 | RevenueSubtotalAmt |
| Total Revenue Per Form990 | $14,622,453 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $5,796,116 | TotExpnsEtcAuditedFinclStmtAmt |
| Other Expenses Included | $12,365 | OtherExpensesIncludedAmt |
| Expenses Not Reported | $12,365 | ExpensesNotReportedAmt |
| Expenses Subtotal | $5,783,751 | ExpensesSubtotalAmt |
| Total Expenses Per Form990 | $5,783,751 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Other expenses not included on Form 990 (Part XII, line 2d) | FormAndLineReferenceDesc |
| Explanation | THIS REPRESENTS A BOOK TO TAX DEPRECIATION DIFFERENCE BETWEEN THE AUDITED FINANCIAL STATEMENTS, AND THE DEPRECIATION CALCULATED & PAYROLL ACCRUAL ON THE FORM 990. | ExplanationTxt |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (true) | GrantRecordsMaintainedInd |
Recipient Table RecipientTable (19 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | Recipient EINRecipientEIN | IRC SectionIRCSectionDesc | Cash GrantCashGrantAmt | Purpose Of GrantPurposeOfGrantTxt |
|---|---|---|---|---|---|---|---|
| ACCESS OPPORTUNITY | |||||||
| 1871 FOLSOM ST STE 110 | BOULDER | CO | 80302 | 465399558 | 501C3 | $36,389 | TO REIMBURSE FOR SCHOLARSHIPS |
| CHERRY HILLS PALMER SCHOLARSHIP FOU | |||||||
| 4125 S UNIVERSIT BLVD | CHERRY HILLS VILLAGE | CO | 80113 | 840166310 | 501C3 | $21,000 | TO REIMBURSE FOR SCHOLARSHIPS |
| COLORADO I HAVE A DREAM FOUNDATION | |||||||
| 1836 GRANT ST | DENVER | CO | 80203 | 742497109 | 501C3 | $38,813 | TO REIMBURSE FOR SCHOLARSHIPS |
| COLORADO UPLIFT | |||||||
| 400 W 48TH AVENUE SUITE 250 | DENVER | CO | 80216 | 840889330 | 501C3 | $57,261 | TO REIMBURSE FOR SCHOLARSHIPS |
| DENVER SCHOLARSHIP FOUNDATION | |||||||
| 789 SHERMAN ST NO 610 | DENVER | CO | 80203 | 205143175 | 501C3 | $4,622,486 | TO REIMBURSE FOR SCHOLARSHIPS |
| EVANS SCHOLARS FOUNDATION | |||||||
| 2501 PATRIOT BLVD | GLENVIEW | IL | 60026 | 362865965 | 501C3 | $63,259 | TO REIMBURSE FOR SCHOLARSHIPS |
| GIRLS ATHLETIC LEADERSHIP SCHOOLS O | |||||||
| 750 GALAPAGO ST | DENVER | CO | 80204 | 760736802 | 501C3 | $6,255 | TO REIMBURSE FOR SCHOLARSHIPS |
| GIRLS INC OF METRO DENVER | |||||||
| 1499 JULIAN ST | DENVER | CO | 80204 | 742277668 | 501C3 | $22,729 | TO REIMBURSE FOR SCHOLARSHIPS |
| GREENHOUSE SCHOLARS | |||||||
| 1820 FOLSOM ST | BOULDER | CO | 80302 | 202863499 | 501C3 | $53,019 | TO REIMBURSE FOR SCHOLARSHIPS |
| HARRY L AND EVA J PUKSTA FOUNDATION | |||||||
| 2221 W 30TH AVE | DENVER | CO | 80211 | 841555566 | 501C3 | $121,540 | TO REIMBURSE FOR SCHOLARSHIPS |
| LATIN AMERICAN EDUCATIONAL FOUNDATI | |||||||
| 1035 OSAGE ST | DENVER | CO | 80204 | 846010415 | 501C3 | $56,005 | TO REIMBURSE FOR SCHOLARSHIPS |
| LATINAS FIRST FOUNDATION | |||||||
| 1766 WEST 46TH AVE UNIT 11489 | DENVER | CO | 80211 | 472502131 | 501C3 | $24,562 | TO REIMBURSE FOR SCHOLARSHIPS |
| MILE HIGH 360 | |||||||
| PO BOX 40160 | DENVER | CO | 80204 | 261598336 | 501C3 | $17,305 | TO REIMBURSE FOR SCHOLARSHIPS |
| MINDS MATTER COLORADO | |||||||
| 1391 SPEER BLVD 710 | DENVER | CO | 80204 | 201449487 | 501C3 | $7,875 | TO REIMBURSE FOR SCHOLARSHIPS |
| NORTHSIDE HIGH SCHOOL ALUMNI SCHOLA | |||||||
| 2960 NORTH SPEER BLVD | DENVER | CO | 80211 | 841179445 | 501C3 | $39,499 | TO REIMBURSE FOR SCHOLARSHIPS |
| SACHS FOUNDATION | |||||||
| PO BOX 1452 | COLORADO SPRINGS | CO | 80901 | 840500835 | 501C3 | $154,500 | TO REIMBURSE FOR SCHOLARSHIPS |
| SHERMAN ENTREPRENEURSHIP FOUNDATION | |||||||
| 1701 E TUFTS AVE | ENGLEWOOD | CO | 80113 | 821063569 | 501C3 | $8,625 | TO REIMBURSE FOR SCHOLARSHIPS |
| THE CHALLENGE FOUNDATION | |||||||
| 4545 S UNIVERSITY BLVD | ENGLEWOOD | CO | 80113 | 581817816 | 501C3 | $19,112 | TO REIMBURSE FOR SCHOLARSHIPS |
| THE DENVER FOUNDATION | |||||||
| 1009 GRANT ST | DENVER | CO | 80203 | 846048381 | 501C3 | $5,588 | TO REIMBURSE FOR SCHOLARSHIPS |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total501c3 Org | 19 | Total501c3OrgCnt |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Monitoring procedures (Part I, line 2) | FormAndLineReferenceDesc |
| Explanation | PROSPERITY DENVER FUND CONDUCTS TWO REIMBURSEMENT ROUNDS ANNUALLY TO SUPPORTED ORGANIZATIONS FOR SCHOLARSHIPS AND SUPPORT SERVICES PROVIDED TO QUALIFYING STUDENTS DURING THE PREVIOUS ACADEMIC YEAR. STUDENTS RECEIVING SCHOLARSHIPS ELIGIBLE FOR REIMBURSEMENT MUST MEET THE FOLLOWING REQUIREMENTS:(1) STUDENTS EXPECTED FAMILY CONTRIBUTION (OR EFC OBTAINED FROM FAFSA) MUST BE BELOW 2.5 TIMES THE MAXIMUM EFC TO QUALIFY FOR THE FEDERAL PELL GRANT(2) STUDENTS MUST HAVE LIVED IN DENVER FOR 3 YEARS PRIOR TO STARTING THEIR POST-SECONDARY EDUCATION(3) STUDENTS MUST BE 25 YEARS OF AGE OR YOUNGER ON THE LAST DAY OF THE PRIOR POST-SECONDAY ACADEMIC SCHOOL YEAR(4) STUDENTS MUST DEMONSTRATE SATISFACTORY ACADEMIC PROGRESS | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Severance Payment | false | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | false | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | false | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | false | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | false | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | false | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | false | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | false | AnyNonFixedPaymentsInd |
| Initial Contract Exception | false | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MATT JORDAN | PersonNm |
| Title | CEO | TitleTxt |
| Base Compensation Filing Org | $167,885 | BaseCompensationFilingOrgAmt |
| Total Compensation Filing Org | $167,885 | TotalCompensationFilingOrgAmt |
| Comp Report Prior990 Filing Org | $149,500 | CompReportPrior990FilingOrgAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (7 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Committee meeting documentation Part VI line 8b | THERE WERE NO COMMITTEES DURING THE FISCAL YEAR WHICH HAD AUTHORITY TO ACT FOR THE GOVERNING BODY, AND THEREFORE THERE WERE NO RELATED WRITTEN ACTIONS, NOR MEETINGS HELD RELATED TO DELEGATION. THERE WAS ONLY ONE COMMITTEE DURING THE FISCAL YEAR WHICH REVIEWED PROPOSALS WHICH WERE THEN SENT TO THE FULL BOARD FOR FORMAL ACTION. |
| Form 990 governing body review Part VI line 11 | THE FORM 990 IS REVIEWED BY MATT JORDAN (CEO), STEPHEN KURTZ (BOARD CHAIR) AND MARK GOODMAN (TREASURER AND BOARD MEMBER). THEY WILL THEN DISTRIBUTE TO ALL GOVERNING MEMBERS BEFORE FILING. |
| Conflict of interest policy compliance Part VI line 12c | THE BOARD OF DIRECTORS REQUIRES THAT ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM, AND ENSURE THAT ALL BOARD MEMBERS ARE IN COMPLIANCE, AND WITHOUT CONFLICT OF INTEREST. THE BOARD IS REGULARLY REMINDED OF THE POLICY, AND ACTIVITIES AND PAYMENTS ARE MONITORED BY THE CORPORATIONS OFFICERS. |
| CEO executive director top management comp Part VI line 15a | THE BOARD OF DIRECTORS ENGAGED PEAK HR CONSULTING TO DEVELOP A POSITION DESCRIPTION, SALARY RANGE AND CONDUCT THE SEARCH PROCESS. THE SALARY RANGE WAS BASED ON COMPARABLE EXECUTIVE POSITIONS IN THE DENVER METRO AREA. |
| Other officer or key employee compensation Part VI line 15b | COMPENSATION FOR KEY EMPLOYEES IS BASED ON A SALARY SURVEY OF DENVER METRO AREA NONPROFIT ORGANIZATIONS AND FOUNDATIONS CONDUCTED BY THE EMPLOYERS COUNCIL. |
| Governing documents etc available to public Part VI line 19 | THE GOVERNING DOCUMENTS OF THE CORPORATION ARE MADE READILY AVAILABLE ON THE CORPORATIONS WEBSITE. |
| Explanation of other changes in net assets or fund balances Part XI line 9 | THE OTHER CHANGES IN NET ASSETS REPRESENTS AN ADJUSTMENT TO DEPRECIATION MADE FOR THE PRIOR YEAR, WHICH HAS ALREADY BEEN CAPTURED AS AN EXPENSE IN PRIOR YEARS. THEREFORE, IT IS NOT BEING COUNTED AS AN EXPENSE FOR THE CURRENT YEAR AND RATHER AS A CHANGE IN NET ASSETS. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | CITY AND COUNTY OF DENVER | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1437 BANNOCK ST | AddressLine1Txt |
| City | DENVER | CityNm |
| State Abbreviation | CO | StateAbbreviationCd |
| ZIP | 80202 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 846000580 | EIN |
| Primary Activities | GOVERNMENTAL BODY | PrimaryActivitiesTxt |
| Legal Domicile State | CO | LegalDomicileStateCd |
| Exempt Code Section | 115 | ExemptCodeSectionTxt |
| Direct Controlling NA | N/A | DirectControllingNACd |
| Controlled Organization | false | ControlledOrganizationInd |