PREPARE AND PROSPER

As filed

Subsection

03

NTEE code

P51Z

Classification

1000

Street

2610 UNIVERSITY AVE W STE 450

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2024

• 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.

Officers and directors · 2024

As listed in Part VII of the 2024 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

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. Earlier years are each on their own filing page.

Filings

• 2024

  Revenue

  $2,777,225

  Expenses

  $3,407,399

  Contributions

  $2,739,220

  Grants paid

  $0

• 2023

  Revenue

  $2,006,950

  Expenses

  $2,983,297

  Contributions

  $1,975,960

  Grants paid

  $0

• 2022

  Revenue

  $2,572,017

  Expenses

  $2,472,462

  Contributions

  $2,558,381

  Grants paid

  $0

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

• 2021 · 990

  Revenue

  $2,156,071

  Expenses

  $2,195,120

  Assets (EOY)

  $2,509,288

• 2020 · 990

  Revenue

  $2,505,131

  Expenses

  $2,242,173

  Assets (EOY)

  $2,795,257

• 2019 · 990

  Revenue

  $2,338,121

  Expenses

  $1,798,363

  Assets (EOY)

  $2,435,005

• 2018 · 990

  Revenue

  $2,086,114

  Expenses

  $2,095,497

  Assets (EOY)

  $1,703,249

• 2017 · 990

  Revenue

  $2,190,112

  Expenses

  $1,971,242

  Assets (EOY)

  $1,710,439

• 2016 · 990

  Revenue

  $1,877,255

  Expenses

  $1,898,719

  Assets (EOY)

  $1,524,222

• 2015 · 990

  Revenue

  $2,342,332

  Expenses

  $1,713,959

  Assets (EOY)

  $1,584,452

• 2014 · 990

  Revenue

  $1,748,412

  Expenses

  $1,494,107

  Assets (EOY)

  $930,570

• 2012 · 990

  Revenue

  — not reported

  Expenses

  $1,290,900

  Assets (EOY)

  $671,057

• 2011 · 990

  Revenue

  — not reported

  Expenses

  $1,082,419

  Assets (EOY)

  $552,513

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all. Showing the 10 most recent; the API carries the rest.

Grants made

No itemized grants to organizations. Schedule I is filed only by organizations that granted more than $5,000 to a recipient, so most filers have none.

Grants received

• THRIVENT FINANCIAL FOR LUTHERANS

  $250,172

  2023 · General Support

• FAMILY HOUSING FUND

  $80,000

  2022 · ADMINISTER POST-PURCHASE SAVINGS MATCH PROGRAM

• GREATER TWIN CITIES UNITED WAY

  $50,000

  2023 · PROGRAM COSTS

• CHARITIES AID FOUNDATION AMERICA

  $44,026

  2023 · CHARITABLE DONATION

• MIGHTYCAUSE CHARITABLE FOUNDATION

  $36,702

  2022 · UNRESTRICTED

• AMERICAN ONLINE GIVING FOUNDATION INC

  $31,598

  2023 · GENERAL SUPPORT

• GREATER TWIN CITIES UNITED WAY

  $30,750

  2025 · PROGRAM COSTS

• AMERICAN ONLINE GIVING FOUNDATION INC

  $30,006

  2024 · GENERAL SUPPORT

• AMERICAN ONLINE GIVING FOUNDATION INC

  $29,888

  2022 · GENERAL SUPPORT

• MIGHTYCAUSE CHARITABLE FOUNDATION

  $26,516

  2023 · UNRESTRICTED

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

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