Sustainable Prosperity Inc
- Assets
- $181.6k
- Revenue
- $539.0k
- Investments
- $0.0
- Employees
- 1
- Location
- Pittsboro, NC
- Founding
- 02/2011
- Data as of
- 12/2021
- EIN
- 27-2467770
Organization Overview
Sustainable Prosperity Inc is located in Pittsboro, NC. The organization was established in 2011. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Prosperity Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUSTAINABLE PROSPERITY SEEKS TO BRING TOGETHER DIVERSE STAKEHOLDERS AND RESOURCES TO CREATE AND NURTURE SUSTAINABLE AND ENVIRONMENTALLY SOUND GROWTH IN LOCAL COMMUNITIES IN NC AND ACROSS THE COUNTRY
Describe the Organization's Program Activity:
Part 3 - Line 4a
WORKED ON STRATEGIES TO ADDRESS HOUSING AND ENERGY ISSUES. WORKED ON ECONOMIC DEVELOPMENT AND ECONOMIC BLIGHT THROUGH STRATEGIES TO RECLAIM AND REINVEST IN PROPERTIES.
SUSTAINABLE PROSPERITY, INC. CREATED A PROGRAM CALLED DAY ONE DISASTER RELIEF DURING HURRICANES FLORENCE AND MICHAEL IN ORDER TO RAPID SOURCE AND DELIVER SUPPLIES TO THOSE AFFECTED BY HURRICANES. THE PROGRAM SPECIFICALLY TARGETED FRONT LINE COMMUNITIES AND POPULATIONS THAT BEGAN THE STORM AT A FINANCIAL NET ZERO OR LESS. THE FOUNDER OF THE PROGRAM WAS JIL CHRISTENSEN. IN 2020, IN RESPONSE TO THE COVID 19 PANDEMIC, DAY ONE DISASTER RELIEF FOCUSED ON SECURING MASKS, PPE, SANITIZER IN ADDITION TO OTHER EMERGENCY RELIEF ITEMS TO PROVIDE TO AT RISK COMMUNITIES ACROSS THE STATE AS WELL AS COMMUNITIES AFFECTED BY HURRICANES AND OTHER NATURAL DISASTERS. THESE ITEMS WERE DISTRIBUTED VIA DONATED SERVICES AS WELL AS BY A VAN PURCHASED IN 2019. DAY ONE DISASTER RELIEF DELIVERED THOUSANDS OF MASKS, PPE, HAND AND SURFACE SANITIZER TO COMMUNITIES ACROSS NORTH CAROLINA. THE PROGRAM WAS STAFFED AND LED BY JIL CHRISTENSEN WHO WAS ALSO RESPONSIBLE FOR ALL INFORMATION CONTAINED HEREIN RELATING TO DAY ONE DISASTER RELIEF.
WORKED ON A COMMUNITY PROGRAM TO PROVIDE FREE MEALS UP TO THREE TIMES A WEEK TO APPROXIMATELY 50 TO 60 FAMILIES IN CHATHAM COUNTY. THE MEALS WERE FOR CHILDREN AND THEIR PARENTS IDENTIFIED BY THE PARTICIPATING SCHOOLS AS BEING IN NEED OF FOOD. THE MEALS WERE COMPLETELY FREE TO THE FAMILIES AND PROVIDED BY THE PITTSBORO ROADHOUSE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Randolph S Voller President | Trustee | 3 | $0 |
Arturo Velazquez Vice President | Trustee | 0.25 | $0 |
Janet L Nichols Sec/treas | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $539,003 |
| Noncash contributions included in lines 1a–1f | $536,750 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $539,003 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $539,003 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $363,777 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,653 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $0 |
| Office expenses | $299 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,164 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,629 |
| Insurance | $0 |
| All other expenses | $3,672 |
| Total functional expenses | $380,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $262 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Inventories for sale or use | $178,870 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $181,576 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $5,000 |
| 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 | $200,277 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $205,277 |
| Net assets without donor restrictions | -$23,701 |
| 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 | $181,576 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sustainable Prosperity Inc has recieved totaling $47,352.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED. | $47,324 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $28 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Metro Atlanta Host Committee Inc Atlanta, GA | $222,399 | $14,582,853 |
Economic Development Partnership Of North Carolina Inc Raleigh, NC | $8,246,221 | $25,900,688 |
Atlanta Convention & Vistors Bureau Inc Atlanta, GA | $20,280,984 | $17,066,911 |
Memphis Convention And Visitors Bureau Memphis, TN | $38,589,779 | $17,172,027 |
Tennessee Technology Development Corporation Nashville, TN | $18,062,853 | $12,109,273 |
Riverfront Development Corporation Memphis, TN | $39,591,502 | $20,233,137 |
Chattanooga Area Convention And Visitors Bureau Inc Chattanooga, TN | $6,892,228 | $12,124,566 |
Nash-Edgecombe Economic Development Inc Rocky Mount, NC | $2,214,551 | $9,450,498 |
Alexandria Economic Development Partnership Inc Alexandria, VA | $1,919,174 | $9,268,061 |
Richmond Metropolitan Convention & Vistors Bureau Richmond, VA | $6,099,091 | $8,138,093 |
Knoxville Convention & Visitors Bureau Inc Knoxville, TN | $5,768,468 | $5,619,069 |
South Carolina I-77 Alliance Richburg, SC | $4,361,702 | $6,505,378 |