2023-03-07T17:33:23-05:00 2022-09-30 811121825 REDPOINT FINANCIAL SERVICES LLC 3845 TENNYSON STREET SUITE 145 DENVER CO 80212 990 2021-10-01 842091903 PROSPERITY DENVER FUND PROS PO BOX 7609 DENVER CO 80207 MATT JORDAN CEO 7205950500 2023-03-06 true MATT JORDAN XXX-XX-XXXX JEFFREY SHERMAN P01955997 3032093031 2023-03-07 0 00 AAL1 IAL1 2021 2023-04-26 12:10:37Z MATT JORDAN 14622453 false X WWW.PROSPERITYDENVERFUND.ORG X 2019 CO 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. 7 7 3 2798 0 11944168 14497202 0 80600 125251 0 12024768 14622453 5465832 5136350 0 279751 319814 0 0 281492 327587 6027075 5783751 5997693 8838702 20199627 29340017 5107783 5409471 15091844 23930546 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. false false 5136350 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. 5136350 true true false false false false false false false false true true false false true false true true false false false false false false false false false true false true false false false false false false false false false false false false false true false false false true 6 0 3 true false false false false false false false false false false false false false false X 7 7 false false false false false false false true false false false true true true true true true true true false CO X X STEPHEN KURTZ 3038885650 6355 EAST TUFFS AVE ENGLEWOOD CO 80111 MATT JORDAN CEO 40.00 0.00 X X 167885 0 0 CHRISTOPHER HERNDON BOARD MEMBER 2.00 0.00 X 0 0 0 JOHN H KECHRIOTIS BOARD MEMBER 2.00 0.00 X 0 0 0 DANIELLE SHOOTS BOARD MEMBER 2.00 0.00 X 0 0 0 ANGELA COBIAN SECRETARY AND BOARD MEMBER 3.00 0.00 X X 0 0 0 STEPHEN KURTZ BOARD CHAIR 5.00 0.00 X X 0 0 0 MARK GOODMAN TREASURER AND BOARD MEMBER 3.00 0.00 X X 0 0 0 THERESA PENA VICE CHAIR 3.00 0.00 X X 0 0 0 167885 0 0 1 false true false 14497202 14497202 125251 122453 2798 14622453 122453 2798 0 5136350 5136350 270192 270192 18862 18862 11002 11002 19758 19758 30030 30030 39039 39039 174781 174781 84 84 13066 13066 1000 1000 486 486 14772 14772 BANK CHARGES & FEES 927 927 POSTAGE & SHIPPING 364 364 MARKETING 41396 41396 SOFTWARE 1424 1424 10218 10218 5783751 5136350 647401 0 14947742 19215424 12137 643 3791 1404 2873 2387 5236875 10121563 20199627 29340017 15814 44663 5091861 5363479 108 1329 5107783 5409471 X 15091844 23930546 15091844 23930546 20199627 29340017 8838702 0 X false true X true false X 11143422 11944168 14497201 37584791 11143422 11944168 14497201 37584791 36833095 751696 37584791 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 3791 1404 2387 2387 INVESTMENT - MONEY MARKET 10121563 F 10121563 CREDIT CARD PAYABLE 1329 1329 14622453 14622453 14622453 5796116 12365 12365 5783751 5783751 Other expenses not included on Form 990 (Part XII, line 2d) THIS REPRESENTS A BOOK TO TAX DEPRECIATION DIFFERENCE BETWEEN THE AUDITED FINANCIAL STATEMENTS, AND THE DEPRECIATION CALCULATED & PAYROLL ACCRUAL ON THE FORM 990. true ACCESS OPPORTUNITY 1871 FOLSOM ST STE 110 BOULDER CO 80302 465399558 501C3 36389 TO REIMBURSE FOR SCHOLARSHIPS CHERRY HILLS PALMER SCHOLARSHIP FOU 4125 S UNIVERSIT BLVD CHERRY HILLS VILLAGE CO 80113 840166310 501C3 21000 TO REIMBURSE FOR SCHOLARSHIPS COLORADO I HAVE A DREAM FOUNDATION 1836 GRANT ST DENVER CO 80203 742497109 501C3 38813 TO REIMBURSE FOR SCHOLARSHIPS COLORADO UPLIFT 400 W 48TH AVENUE SUITE 250 DENVER CO 80216 840889330 501C3 57261 TO REIMBURSE FOR SCHOLARSHIPS DENVER SCHOLARSHIP FOUNDATION 789 SHERMAN ST NO 610 DENVER CO 80203 205143175 501C3 4622486 TO REIMBURSE FOR SCHOLARSHIPS EVANS SCHOLARS FOUNDATION 2501 PATRIOT BLVD GLENVIEW IL 60026 362865965 501C3 63259 TO REIMBURSE FOR SCHOLARSHIPS GIRLS ATHLETIC LEADERSHIP SCHOOLS O 750 GALAPAGO ST DENVER CO 80204 760736802 501C3 6255 TO REIMBURSE FOR SCHOLARSHIPS GIRLS INC OF METRO DENVER 1499 JULIAN ST DENVER CO 80204 742277668 501C3 22729 TO REIMBURSE FOR SCHOLARSHIPS GREENHOUSE SCHOLARS 1820 FOLSOM ST BOULDER CO 80302 202863499 501C3 53019 TO REIMBURSE FOR SCHOLARSHIPS HARRY L AND EVA J PUKSTA FOUNDATION 2221 W 30TH AVE DENVER CO 80211 841555566 501C3 121540 TO REIMBURSE FOR SCHOLARSHIPS LATIN AMERICAN EDUCATIONAL FOUNDATI 1035 OSAGE ST DENVER CO 80204 846010415 501C3 56005 TO REIMBURSE FOR SCHOLARSHIPS LATINAS FIRST FOUNDATION 1766 WEST 46TH AVE UNIT 11489 DENVER CO 80211 472502131 501C3 24562 TO REIMBURSE FOR SCHOLARSHIPS MILE HIGH 360 PO BOX 40160 DENVER CO 80204 261598336 501C3 17305 TO REIMBURSE FOR SCHOLARSHIPS MINDS MATTER COLORADO 1391 SPEER BLVD 710 DENVER CO 80204 201449487 501C3 7875 TO REIMBURSE FOR SCHOLARSHIPS NORTHSIDE HIGH SCHOOL ALUMNI SCHOLA 2960 NORTH SPEER BLVD DENVER CO 80211 841179445 501C3 39499 TO REIMBURSE FOR SCHOLARSHIPS SACHS FOUNDATION PO BOX 1452 COLORADO SPRINGS CO 80901 840500835 501C3 154500 TO REIMBURSE FOR SCHOLARSHIPS SHERMAN ENTREPRENEURSHIP FOUNDATION 1701 E TUFTS AVE ENGLEWOOD CO 80113 821063569 501C3 8625 TO REIMBURSE FOR SCHOLARSHIPS THE CHALLENGE FOUNDATION 4545 S UNIVERSITY BLVD ENGLEWOOD CO 80113 581817816 501C3 19112 TO REIMBURSE FOR SCHOLARSHIPS THE DENVER FOUNDATION 1009 GRANT ST DENVER CO 80203 846048381 501C3 5588 TO REIMBURSE FOR SCHOLARSHIPS 19 Monitoring procedures (Part I, line 2) 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 X X X false false false false false false false false false MATT JORDAN CEO 167885 167885 149500 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. CITY AND COUNTY OF DENVER 1437 BANNOCK ST DENVER CO 80202 846000580 GOVERNMENTAL BODY CO 115 N/A false