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Nonprofiteer
← PROSPERITY DENVER FUND

Form 990 for tax year 2024

Filed by PROSPERITY DENVER FUND.

Totals

Total revenue
$17,127,168
Total expenses
$19,385,733
Contributions and grants received
$15,510,068
Grants paid
$17,313,765
Program service revenue
$0
Investment income
$1,617,100
Other revenue
$0
Total assets, end of year
$45,654,843
Total liabilities, end of year
$16,859,387
Net assets or fund balances, end of year
$28,795,456
Program services expenses (Part IX)
$18,481,331
Management and general expenses
$904,402
Fundraising expenses
$0
Program service expenses (Part III)
$18,481,331

Program services were 95.3% 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)

    $15,510,050

  • 1f · All other contributions, gifts and grants

    $18

  • 3 · Investment income

    total $1,617,100 · related or exempt $1,511,555 · excluded $105,545

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $17,313,765 · program services $17,313,765

  • 5 · Compensation of officers, directors and key employees

    total $35,595 · management and general $35,595

  • 7 · Other salaries and wages

    total $612,985 · program services $221,159 · management and general $391,826

  • 8 · Pension plan contributions

    total $28,228 · management and general $28,228

  • 9 · Other employee benefits

    total $30,017 · management and general $30,017

  • 10 · Payroll taxes

    total $53,550 · management and general $53,550

  • 11c · Fees: accounting

    total $41,050 · management and general $41,050

  • 11g · Fees: other

    total $1,095,510 · program services $946,407 · management and general $149,103

  • 13 · Office expenses

    total $25,499 · management and general $25,499

  • 17 · Travel

    total $2,923 · management and general $2,923

  • 19 · Conferences, conventions and meetings

    total $14,883 · management and general $14,883

  • 22 · Depreciation, depletion and amortization

    total $2,583 · management and general $2,583

  • 23 · Insurance

    total $15,635 · management and general $15,635

  • 24a · Other expenses: BANK CHARGES & FEES

    total $2,235 · management and general $2,235

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $275 · management and general $275

  • 24c · Other expenses: MARKETING

    total $1,131 · management and general $1,131

  • 24d · Other expenses: SOFTWARE

    total $11,769 · management and general $11,769

  • 24e · All other expenses

    total $98,100 · management and general $98,100

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $739,930 · end of year $457,904

  • 2 · Savings and temporary cash investments

    beginning of year $41,105,565 · end of year $45,060,022

  • 9 · Prepaid expenses and deferred charges

    beginning of year $6,244 · end of year $14,481

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

    $9,760

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

    $5,723

  • 10c · Land, buildings and equipment, net

    beginning of year $6,621 · end of year $4,037

  • 12 · Investments: other securities

    beginning of year $4,947,294

  • 15 · Other assets

    end of year $118,399

  • 17 · Accounts payable and accrued expenses

    beginning of year $71,481 · end of year $104,964

  • 18 · Grants payable

    beginning of year $15,655,493 · end of year $16,623,473

  • 25 · Other liabilities

    beginning of year $24,659 · end of year $130,950

  • 27 · Net assets without donor restrictions

    beginning of year $1,779,743 · end of year $1,358,742

  • 28 · Net assets with donor restrictions

    beginning of year $29,274,278 · end of year $27,436,714

Mission and programs · 2024

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 2025, PROSPERITY DENVER FUND CONDUCTED ITS SEVENTH ROUND OF REIMBURSEMENTS. THIS YEAR, THERE WERE THREE PROGRAM AREAS: COLLEGIATE, CAREER TRAINING/CREDENTIALS, AND HIGH SCHOOL SUPPORT. THE COLLEGIATE PROGRAM REIMBURSED 41 DIFFERENT PROGRAMS FOR A TOTAL OF $11,174,992 TO HELP MORE THAN 2,750 STUDENTS ATTEND 2- AND 4-YEAR TECHNICAL COLLEGES, COMMUNITY COLLEGES, AND UNIVERSITIES.

    Expenses $11,928,585 · Grants $11,174,992

  • THE PROSPERITY DENVER FUND HIGH SCHOOL SUPPORT PROGRAM REIMBURSES NONPROFIT ORGANIZATIONS THAT ARE WORKING IN DENVER HIGH SCHOOLS TO HELP STUDENTS CREATE PLANS FOR COLLEGE AND CAREER. IN FY25, 24 DIFFERENT PROGRAMS RECEIVED A TOTAL OF $3,486,427 TO HELP MORE THAN 19,000 STUDENTS.

    Expenses $3,721,537 · Grants $3,486,427

  • THE PROSPERITY DENVER FUND CAREER TRAINING/CREDENTIALS PROGRAM REIMBURSES NONPROFIT TRAINING PROGRAM PROVIDERS WHO PROVIDE APPRENTICESHIPS AND INDUSTRY-RECOGNIZED CREDENTIALS. IN FY25, 22 DIFFERENT PROGRAMS RECEIVED A TOTAL OF $2,652,346 TO HELP NEARLY 600 DENVER STUDENTS AGED 18-30.

    Expenses $2,831,209 · Grants $2,652,346

As filed on the 2024 return.

Listed in Part VII

  • REBECCA ARNO

    CEO

    Total calculated
    $224,654
    From this org
    $216,346
    From related orgs
    $0
    Other
    $8,308
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $216,346
    Bonus
    not reported
    Other
    not reported
    Deferred
    $8,308
    Nontaxable benefits
    not reported
    Filer's total
    $224,654

  • STEPHEN KURTZ

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • MILAGROS BARSALLO RUBIO

    SECRETARY

    Total calculated
    $0
    Hours/week
    3

  • THERESA PENA

    CHAIR

    Total calculated
    $0
    Hours/week
    3

  • MARK GOODMAN

    BOARD MEMBER TERM ENDED

    Total calculated
    $0
    Hours/week
    2

  • POLICA HOUSTON

    CHAIR ELECT

    Total calculated
    $0
    Hours/week
    3

  • JASON H WARDRIP

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

  • DIANA ROMERO CAMPBELL

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • DR JUDY DIAZ BONACQUISTI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

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
2024
Filed
12 June 2026
IRS schema version
2024v5.2
Source object
202642029349300339

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