The Prospect Fund
- Assets
- $2.4m
- Revenue
- $198.0k
- Investments
- $2.2m
- Employees
- 0
- Location
- Burlington, VT
- Founding
- 06/2003
- Data as of
- 12/2023
- EIN
- 30-6057244
Organization Overview
The Prospect Fund is located in Burlington, VT. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Fund 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 12/2023, Prospect Fund generated $198.0k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 4.6% each year. All expenses for the organization totaled $109.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Prospect Fund has awarded 218 individual grants totaling $907,950. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,253 |
| Interest on Savings | $98 |
| Dividends & Interest | $61,783 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $111,859 |
| Capital Gain Net Income | $111,859 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,993 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,427 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $27 |
| Total operating and administrative expenses | $18,140 |
| Contributions, gifts, grants paid | $91,000 |
| Total expenses and disbursements | $109,140 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $210,948 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,386,676 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Prospect Fund has awarded $91,000 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
CHAMPLAIN HOUSING TRUST PURPOSE: TO FURTHER EXEMPT PURPOSE OF ORGANIZATION | $5,000 |
CONSERVATION LAW FOUNDATION -VERMON PURPOSE: ENVIRONMENTAL SUPPORT | $5,000 |
CVOEO PURPOSE: FOOD BANK SUPPORT | $5,000 |
DISMAS OF VERMONT INC PURPOSE: SHELTER/SUPPORT AFTER INCARCERATION | $2,000 |
HARTFORD ART SCHOOL INC PURPOSE: SCHOLARSHIP | $1,000 |
LAKE CHAMPLAIN COMMITTEE INC PURPOSE: LEGACY FUND ENVIRONMENTAL PROTECTION | $5,000 |