Skip to content
Nonprofiteer
← PROSPERITY DENVER FUND

Form 990 for tax year 2022

Filed by PROSPERITY DENVER FUND.

Totals

Total revenue
$18,332,713
Total expenses
$8,860,341
Contributions and grants received
$17,039,425
Grants paid
$8,036,518
Program service revenue
$0
Investment income
$1,293,288
Other revenue
$0
Total assets, end of year
$41,482,209
Total liabilities, end of year
$8,091,607
Net assets or fund balances, end of year
$33,390,602
Program services expenses (Part IX)
$8,119,870
Management and general expenses
$740,471
Fundraising expenses
$0
Program service expenses (Part III)
$8,119,870

Program services were 91.6% 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)

    $17,039,425

  • 3 · Investment income

    total $1,293,288 · related or exempt $1,237,040 · excluded $56,248

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $8,036,518 · program services $8,036,518

  • 7 · Other salaries and wages

    total $289,215 · management and general $289,215

  • 8 · Pension plan contributions

    total $19,023 · management and general $19,023

  • 10 · Payroll taxes

    total $21,182 · management and general $21,182

  • 11b · Fees: legal

    total $30,010 · management and general $30,010

  • 11c · Fees: accounting

    total $40,040 · management and general $40,040

  • 11g · Fees: other

    total $330,655 · program services $83,352 · management and general $247,303

  • 13 · Office expenses

    total $211 · management and general $211

  • 19 · Conferences, conventions and meetings

    total $5,175 · management and general $5,175

  • 20 · Interest

    total $40 · management and general $40

  • 22 · Depreciation, depletion and amortization

    total $759 · management and general $759

  • 23 · Insurance

    total $27,175 · management and general $27,175

  • 24a · Other expenses: BANK CHARGES & FEES

    total $3,041 · management and general $3,041

  • 24b · Other expenses: POSTAGE & SHIPPING

    total $386 · management and general $386

  • 24c · Other expenses: MARKETING

    total $1,597 · management and general $1,597

  • 24d · Other expenses: SOFTWARE

    total $1,911 · management and general $1,911

  • 24e · All other expenses

    total $53,403 · management and general $53,403

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $786,459 · end of year $718,017

  • 2 · Savings and temporary cash investments

    beginning of year $18,428,965 · end of year $17,350,266

  • 9 · Prepaid expenses and deferred charges

    beginning of year $643 · end of year $15,522

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

    $3,791

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

    $2,382

  • 10c · Land, buildings and equipment, net

    beginning of year $2,387 · end of year $1,409

  • 12 · Investments: other securities

    beginning of year $10,121,563 · end of year $23,396,995

  • 17 · Accounts payable and accrued expenses

    beginning of year $44,663 · end of year $33,815

  • 18 · Grants payable

    beginning of year $5,363,479 · end of year $8,045,675

  • 25 · Other liabilities

    beginning of year $1,329 · end of year $12,117

  • 27 · Net assets without donor restrictions

    beginning of year $23,930,546 · end of year $33,390,602

Mission and programs · 2022

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.

  • IN 2023, PROSPERITY DENVER FUND CONDUCTED ITS FIFTH ROUND OF REIMBURSEMENTS TO 27 SUPPORTED ORGANIZATIONS TOTALING MORE THAN $8 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.

    Expenses $8,119,870 · Grants $8,036,518

As filed on the 2022 return.

Listed in Part VII

  • Matt Jordan

    CEO

    Total calculated
    $177,019
    From this org
    $177,019
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $177,019
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $177,019

  • Christopher Herndon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • John H Kechriotis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Danielle Shoots

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    2

  • Angela Cobian

    SECRETARY AND BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Stephen Kurtz

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    5

  • Mark Goodman

    TREASURER AND BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3

  • Theresa Pena

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    3

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.

  • CITY AND COUNTY OF DENVER

    115 · GOVERNMENTAL BODY · CO

Provenance

Return type
form_990
Tax year
2022
Filed
14 February 2024
IRS schema version
2022v5.0
Source object
202430749349300943

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

The source document this was parsed from is served over the API, which is where bulk and document access live.