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Nonprofiteer
← PROSPERITY DENVER FUND

Form 990 for tax year 2023

Filed by PROSPERITY DENVER FUND.

Totals

Total revenue
$17,654,071
Total expenses
$19,990,655
Contributions and grants received
$15,559,658
Grants paid
$18,625,073
Program service revenue
$0
Investment income
$2,094,413
Other revenue
$0
Total assets, end of year
$46,805,654
Total liabilities, end of year
$15,751,633
Net assets or fund balances, end of year
$31,054,021
Program services expenses (Part IX)
$19,117,274
Management and general expenses
$873,381
Fundraising expenses
$0
Program service expenses (Part III)
$19,117,274

Program services were 95.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $15,559,658

  • 3 · Investment income

    total $2,094,413 · related or exempt $1,978,255 · excluded $116,158

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $18,625,073 · program services $18,625,073

  • 5 · Compensation of officers, directors and key employees

    total $43,781 · management and general $43,781

  • 7 · Other salaries and wages

    total $378,890 · management and general $378,890

  • 8 · Pension plan contributions

    total $19,495 · management and general $19,495

  • 9 · Other employee benefits

    total $7,770 · management and general $7,770

  • 10 · Payroll taxes

    total $31,262 · management and general $31,262

  • 11b · Fees: legal

    total $27,510 · management and general $27,510

  • 11c · Fees: accounting

    total $41,630 · management and general $41,630

  • 11g · Fees: other

    total $707,926 · program services $485,902 · management and general $222,024

  • 13 · Office expenses

    total $124 · management and general $124

  • 17 · Travel

    total $604 · management and general $604

  • 19 · Conferences, conventions and meetings

    total $5,000 · management and general $5,000

  • 20 · Interest

    total $14 · management and general $14

  • 22 · Depreciation, depletion and amortization

    total $757 · management and general $757

  • 23 · Insurance

    total $14,002 · management and general $14,002

  • 24a · Other expenses: BANK CHARGES & FEES

    total $3,617 · management and general $3,617

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $452 · management and general $452

  • 24c · Other expenses: MARKETING

    total $1,647 · management and general $1,647

  • 24d · Other expenses: SOFTWARE

    total $13,333 · management and general $13,333

  • 24e · All other expenses

    total $67,768 · program services $6,299 · management and general $61,469

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $718,017 · end of year $739,930

  • 2 · Savings and temporary cash investments

    beginning of year $17,350,266 · end of year $41,105,565

  • 9 · Prepaid expenses and deferred charges

    beginning of year $15,522 · end of year $6,244

  • 10a · Land, buildings and equipment: cost or other basis

    $9,760

  • 10b · Land, buildings and equipment: accumulated depreciation

    $3,139

  • 10c · Land, buildings and equipment, net

    beginning of year $1,409 · end of year $6,621

  • 12 · Investments: other securities

    beginning of year $23,396,995 · end of year $4,947,294

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,815 · end of year $71,481

  • 18 · Grants payable

    beginning of year $8,045,675 · end of year $15,655,493

  • 25 · Other liabilities

    beginning of year $12,117 · end of year $24,659

  • 27 · Net assets without donor restrictions

    beginning of year $33,390,602 · end of year $29,274,278

  • 28 · Net assets with donor restrictions

    end of year $1,779,743

Mission and programs · 2023

Mission

PROSPERITY DENVER FUND INVESTS IN DENVER BY FINANCIALLY SUPPORTING AND PARTNERING WITH SCHOLARSHIP PROVIDERS, TRAINING PROVIDERS, AND NONPROFITS TO INCREASE THE NUMBER OF DENVER STUDENTS WHO ACCESS AND COMPLETE POSTSECONDARY PATHWAYS.

  • IN 2024, PROSPERITY DENVER FUND CONDUCTED ITS SIXTH ROUND OF REIMBURSEMENTS. THIS YEAR, THERE WERE THREE PROGRAM AREAS: COLLEGIATE, CREDENTIALS, AND APPRENTICESHIPS. THE COLLEGIATE PROGRAM REIMBURSED 38 DIFFERENT PROGRAMS FOR A TOTAL OF $10,260,253 TO HELP MORE THAN 2,000 STUDENTS ATTEND 2- AND 4-YEAR TECHNICAL COLLEGES, COMMUNITY COLLEGES, AND UNIVERSITIES.

    Expenses $10,532,116 · Grants $10,260,952

  • THE PROSPERITY DENVER FUND HIGH SCHOOL SUPPORT SERVICES PROGRAM REIMBURSES NONPROFIT ORGANIZATIONS THAT ARE WORKING IN DENVER HIGH SCHOOLS TO HELP STUDENTS CREATE PLANS FOR COLLEGE AND CAREER. IN FY24, 20 DIFFERENT PROGRAMS RECEIVED A TOTAL OF $6,419,876 TO HELP MORE THAN 12,000 STUDENTS.

    Expenses $6,589,533 · Grants $6,419,876

  • THE PROSPERITY DENVER FUND CREDENTIALS PROGRAM REIMBURSES NONPROFIT TRAINING PROGRAM PROVIDERS WHO ARE PROVIDING APPRENTICESHIPS AND INDUSTRY-RECOGNIZED CREDENTIALS. IN FY24, 14 DIFFERENT PROGRAMS RECEIVED A TOTAL OF $1,944,245 TO HELP MORE THAN 500 DENVER STUDENTS AGED 18-30.

    Expenses $1,995,625 · Grants $1,944,245

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • REBECCA ARNO

    CEO

    Total calculated
    $44,303
    From this org
    $43,781
    From related orgs
    $0
    Other
    $522
    Hours/week
    40

  • POLICA HOUSTON

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • JASON H WARDRIP

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DIANA ROMERO CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MILAGROS BARSALLO RUBIO

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • MARK GOODMAN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • STEPHEN KURTZ

    VICE CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    5

  • THERESA PENA

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
22 May 2025
IRS schema version
2023v6.0
Source object
202541609349301109

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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