Project Prosper Inc
- Assets
- $430.2k
- Revenue
- $254.5k
- Investments
- $0.0
- Employees
- 4
- Location
- Clearwater, FL
- Founding
- 10/2007
- Data as of
- 12/2021
- EIN
- 20-8936475
Organization Overview
Project Prosper Inc is located in Clearwater, FL. The organization was established in 2007. According to its NTEE Classification (P99) the organization is classified as: Human Services N.E.C., under the broad grouping of Human Services and related organizations. As of 12/2021, Project Prosper Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project Prosper Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Project Prosper Inc generated $254.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 18.3% each year . All expenses for the organization totaled $187.4k during the year ending 12/2021. While expenses have increased by 15.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PREPARE RECENT WORKING IMMIGRANTS TO PARTICIPATE FULLY IN THE ECONOMIC LIFE OF THE COMMUNITY THROUGH A PROGRAM OF SMALL LOANS, MATCHED SAVINGS, MENTORING, AND FINANCIAL EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE LOAN PROGRAM PROVIDES LOANS TO IMMIGRANTS AND REFUGEES FOR A MAXIMUM OF 1,500 AT 0% INTEREST THAT FEATURES FINANCIAL MENTORING AND MATCHED SAVINGS. IN 2021, THE ORGANIZATION PROVIDED 10 IMMIGRANTS AND REFUGEES A DOLLAR FOR DOLLAR MATCH ON THE AMOUNTS EARNED IN THEIR SAVINGS ACCOUNTS.
THE FINANCIAL LITERACY PROGRAM IS A GROUP FINANCIAL LITERACY CLASS ON A VARIETY OF TOPICS FOR REFUGEES AND IMMIGRANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Faye Steinhauser Executive Di | Officer | 40 | $73,749 |
Jared Abelman Vice Preside | OfficerTrustee | 8 | $0 |
Molly Auld President | OfficerTrustee | 12.5 | $0 |
David Gonzalez Secretary | OfficerTrustee | 2 | $0 |
Ayled Ramos Treasurer | OfficerTrustee | 2 | $0 |
Kristin Smith Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $76,591 |
| Related organizations | $0 |
| Government grants | $42,214 |
| All other contributions, gifts, grants, and similar amounts not included above | $137,033 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $255,838 |
| Total Program Service Revenue | $3,000 |
| Investment income | $1,493 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$5,784 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $254,547 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $1,500 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $73,749 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,768 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,985 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,210 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,121 |
| Advertising and promotion | $5,820 |
| Office expenses | $9,193 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,522 |
| Travel | $676 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $175 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,249 |
| All other expenses | $246 |
| Total functional expenses | $187,364 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $217,887 |
| Savings and temporary cash investments | $208,851 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $3,435 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $430,173 |
| Accounts payable and accrued expenses | $3,615 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $629 |
| Total liabilities | $4,244 |
| Net assets without donor restrictions | $425,929 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $430,173 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Project Prosper Inc has recieved totaling $52,889.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $20,000 |
Pinellas Community Foundation Clearwater, FL PURPOSE: GENERAL SUPPORT | $15,000 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
Kbr Foundation Lakewood Ranch, FL PURPOSE: GENERAL | $7,500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $234 |
The Duke Energy Foundation Charlotte, NC PURPOSE: MATCHING GIFTS | $155 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Support Our Troops Inc Daytona Beach, FL | $652,227 | $41,324,093 |
American Fundraising Foundation Inc Maitland, FL | $13,489,394 | $16,136,083 |
The Arc Of Southwest Georgia Inc Albany, GA | $6,771,229 | $11,186,192 |
Overland Missions Inc Cocoa, FL | $9,630,002 | $9,209,723 |
Central Florida Community Action Agency Inc Gainesville, FL | $1,781,778 | $5,443,160 |
Georgia Southern University Athletic Foundation Inc Statesboro, GA | $44,746,506 | $10,941,210 |
Camp Southern Ground Inc Fayetteville, GA | $42,360,262 | $6,762,157 |
The 410 Bridge Inc Alpharetta, GA | $5,244,872 | $4,327,548 |
New Horizons Of Southwest Naples, FL | $2,002,661 | $3,538,061 |
Allapattah Community Action Inc Miami, FL | $714,569 | $2,789,317 |
Uniting Hope For Children Inc Loganville, GA | $2,910,669 | $2,666,764 |
For Hope Us Inc Mobile, AL | $877,305 | $2,520,836 |