Totals
- Total revenue
- $2,777,225
- Total expenses
- $3,407,399
- Contributions and grants received
- $2,739,220
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $36,922
- Other revenue
- $1,083
- Total assets, end of year
- $1,478,737
- Total liabilities, end of year
- $564,797
- Net assets or fund balances, end of year
- $913,940
- Program services expenses (Part IX)
- $2,903,538
- Management and general expenses
- $174,721
- Fundraising expenses
- $329,140
- Program service expenses (Part III)
- $2,903,538
Program services were 85.2% 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.
-
1c · Fundraising events
$2,597
-
1e · Government grants (contributions)
$2,116,336
-
1f · All other contributions, gifts and grants
$620,287
-
1g · Noncash contributions included above
$2,000
-
3 · Investment income
total $36,922 · excluded $36,922
-
8a · Fundraising events: gross income
$0
-
8a · Fundraising events: contributions included on line 1c
$2,597
-
8b · Fundraising events: direct expenses
$1,847
-
8c · Net income from fundraising events
total -$1,847 · excluded -$1,847
-
11a · Other revenue: Credit card rewards
total $2,930 · excluded $2,930
-
11e · Other revenue, total
$2,930
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $161,204 · program services $140,314 · management and general $6,759 · fundraising $14,131
-
7 · Other salaries and wages
total $1,768,602 · program services $1,548,800 · management and general $62,383 · fundraising $157,419
-
8 · Pension plan contributions
total $22,465 · program services $17,622 · management and general $3,363 · fundraising $1,480
-
9 · Other employee benefits
total $142,528 · program services $111,799 · management and general $21,340 · fundraising $9,389
-
10 · Payroll taxes
total $142,101 · program services $124,472 · management and general $5,020 · fundraising $12,609
-
11a · Fees: management
total $12,577 · program services $363 · management and general $12,214
-
11b · Fees: legal
total $5,876 · program services $1,745 · management and general $3,988 · fundraising $143
-
11c · Fees: accounting
total $73,117 · program services $63,639 · management and general $2,207 · fundraising $7,271
-
11g · Fees: other
total $231,163 · program services $131,278 · management and general $6,806 · fundraising $93,079
-
12 · Advertising and promotion
total $219,819 · program services $216,592 · management and general $2,893 · fundraising $334
-
13 · Office expenses
total $131,388 · program services $125,338 · management and general $5,035 · fundraising $1,015
-
14 · Information technology
total $7,893 · program services $6,999 · management and general $216 · fundraising $678
-
16 · Occupancy
total $231,828 · program services $206,091 · management and general $6,234 · fundraising $19,503
-
17 · Travel
total $40,216 · program services $34,216 · management and general $4,576 · fundraising $1,424
-
22 · Depreciation, depletion and amortization
total $4,883 · management and general $4,883
-
23 · Insurance
total $28,898 · program services $11,976 · management and general $15,610 · fundraising $1,312
-
24a · Other expenses: Program incentive expen
total $66,319 · program services $66,245 · fundraising $74
-
24b · Other expenses: Dues and subscriptions
total $64,749 · program services $56,003 · management and general $2,359 · fundraising $6,387
-
24c · Other expenses: Small equipment
total $31,863 · program services $28,234 · management and general $1,577 · fundraising $2,052
-
24d · Other expenses: Professional developmen
total $12,304 · program services $6,537 · management and general $5,474 · fundraising $293
-
24e · All other expenses
total $7,606 · program services $5,275 · management and general $1,784 · fundraising $547
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $90,698 · end of year $130,286
-
2 · Savings and temporary cash investments
beginning of year $332,693 · end of year $493,519
-
3 · Pledges and grants receivable
beginning of year $977,789 · end of year $251,676
-
9 · Prepaid expenses and deferred charges
beginning of year $26,953 · end of year $2,667
-
10a · Land, buildings and equipment: cost or other basis
$92,570
-
10b · Land, buildings and equipment: accumulated depreciation
$54,517
-
10c · Land, buildings and equipment, net
beginning of year $28,144 · end of year $38,053
-
11 · Investments: publicly traded securities
beginning of year $256,973 · end of year $278,021
-
15 · Other assets
beginning of year $282,858 · end of year $284,515
-
17 · Accounts payable and accrued expenses
beginning of year $168,489 · end of year $281,750
-
25 · Other liabilities
beginning of year $278,916 · end of year $283,047
-
27 · Net assets without donor restrictions
beginning of year $703,198 · end of year $546,707
-
28 · Net assets with donor restrictions
beginning of year $845,505 · end of year $367,233
Mission and programs · 2024
Mission
Prepare + Prosper and its volunteers work with low- to moderate-income people to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.
Activities or mission (Part I)
P+P does free taxes, free financial coaching, and helps people obtain banking access.
-
Prepare + Prosper (P+P) is a Saint Paul based economic justice nonprofit founded in 1971 to provide free high-quality tax perparation to low-income and moderate-income Minnesotans. While tax preparation remains the primary focus, P+P has since evolved into a nationally recognized leader in financial inclusion by offering innovative, accessible programs and tools to supposrt historically disinvested communities in building wealth and improving their financial health. P+P's mission is to work, along with volunteers, with people who have low to moderate incomes to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.
Expenses $1,911,415
-
Financial Capability and Learning: Prepare + Prosper runs two major initiatives - Money Mentors and Financial Access in Reach (FAIR) to support greater financial wellbeing. Money Mentors provides coaching and resources to participants as they work toward sef-identified goals like vuilding credit or reducing debt. FAIR provides a three-product financial solution for financial underserved households and is designed to be scaled nationally through a community-based distribution model.
Expenses $801,420
-
P + P has worked to leverage the expertise of its staff, amplify the voices of people directly affected, and build cross sector partnerships and networks to inform policy and systems change and build a more equitable and inclusive financial future. Recent efforts include strengthening public policy related to tax credits, asset building and consumer protection. In 2025, P+P continued to enhance it's Systems Change department with the intention of positioning the families we serve as the key stakeholders within the systems and policies that affect them. The department focuses on bringing forth the voices and lived experiences of the many and varied communities we serve to guide our work and inform our change-making agenda. Systems change work includes advocacy, community engagement, network and capacity-building activities.
Expenses $190,703
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Jeremie Greer
Chair
- Total calculated
- $0
- Hours/week
- 5
-
Kara McGuire
Vice Chair
- Total calculated
- $0
- Hours/week
- 3
-
Emma Molls
Secretary
- Total calculated
- $0
- Hours/week
- 1
-
Ronda Chakolis
Director
- Total calculated
- $0
- Hours/week
- 1
-
Marsha Pitts-Phillips
Director
- Total calculated
- $0
- Hours/week
- 1
-
Elizabeth White
Director
- Total calculated
- $0
- Hours/week
- 1
-
Andrew Morem
Director
- Total calculated
- $0
- Hours/week
- 1
-
Roxanny Armendariz
Director
- Total calculated
- $0
- Hours/week
- 1
-
Aide Salgado
Director
- Total calculated
- $0
- Hours/week
- 1
-
Carrie Person
Director
- Total calculated
- $0
- Hours/week
- 1
-
Tom Gottwalt
Director
- Total calculated
- $0
- Hours/week
- 1
-
Suyapa Miranda
Executive Director
- Total calculated
- $148,955
- From this org
- $146,493
- From related orgs
- $0
- Other
- $2,462
- Hours/week
- 40
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 17 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202503219349320975
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
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