Totals
- Total revenue
- $124,361
- Total expenses
- $47,072
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $124,361
- Other revenue
- $0
- Total assets, end of year
- $1,068,878
- Total liabilities, end of year
- $766,330
- Net assets or fund balances, end of year
- $302,548
- Program services expenses (Part IX)
- $43,286
- Management and general expenses
- $3,786
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $43,286
Program services were 92.0% 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.
-
3 · Investment income
total $24,385 · excluded $24,385
-
7a · Gross sales of assets other than inventory
securities $99,976
-
7b · Less cost or other basis and sales expenses
securities $0
-
7c · Gain or loss
securities $99,976
-
7d · Net gain or loss
total $99,976 · excluded $99,976
Functional expenses
Part IX, the statement of functional expenses.
-
11f · Fees: investment management
total $3,786 · management and general $3,786
-
11g · Fees: other
total $2,155 · program services $2,155
-
24a · Other expenses: Management Fee
total $41,131 · program services $41,131
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,109 · end of year $955
-
11 · Investments: publicly traded securities
beginning of year $944,109 · end of year $1,067,923
-
25 · Other liabilities
beginning of year $723,199 · end of year $766,330
-
27 · Net assets without donor restrictions
beginning of year $222,019 · end of year $302,548
Mission and programs · 2024
Mission
Prospect foundation is a supporting organization of prospect house. The prospect foundation is organized and operated for the benefit of prospect house. Prospect house is a section 501 (c) public organization that was formed to provide a recovery facility for chemically dependent men.
-
To support affiliate-Prospect House, Inc.
Expenses $43,286
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Richard Curry
Secretary/Treasurer
- Total calculated
- $0
- Hours/week
- 1
-
Rob Sauerland
President
- Total calculated
- $0
- Hours/week
- 1
-
Brian Chapman
Vice President
- Total calculated
- $0
- Hours/week
- 1
-
Carla Patrick
Director of Finance
- Total calculated
- $97,166
- From this org
- $0
- From related orgs
- $97,166
- Other
- $0
- Hours/week
- 1 + 39 related
-
Bill Farmer
Executive Director
- Total calculated
- $69,786
- From this org
- $0
- From related orgs
- $69,786
- Other
- $0
- Hours/week
- 1 + 39 related
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.
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.
-
501(c)(3) · Housing · OH
-
Prospect Services (dissolved 1224)
501(c)(3) · Social Services · OH
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 5 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202630709349300548
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