Prodigy Ventures Inc
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 33
- Location
- Denver, CO
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 47-2745285
Organization Overview
Prodigy Ventures Inc is located in Denver, CO. The organization was established in 2015. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. As of 12/2021, Prodigy Ventures Inc employed 33 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prodigy Ventures 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, Prodigy Ventures Inc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 29.9% each year . All expenses for the organization totaled $807.8k during the year ending 12/2021. While expenses have increased by 22.4% per year over the past 6 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
THROUGH HIGH CALIBER PROFESSIONAL DEVELOPMENT AND HANDS-ON LEARNING IN A PRODIGY ENTERPRISE, YOUTH FROM LOW-INCOME COMMUNITIES IN DENVER BUILD SKILLS, SOCIAL CAPITAL, AND UNDERSTANDING FOR SUCCESS IN THE NEW ECONOMY. THIS IN TURN BUILDS WEALTH IN THE LOCAL COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, 38 YOUNG ADULTS WERE TRAINED IN TRANSFERABLE WORKPLACE SKILLS, 23 WORKED AS APPRENTICES, EARNING $18.50/HOUR (INCLUDING WAGES AND TIPS); 35 PARTICIPATED IN WELLNESS SERVICES, INCLUDING GROUP AND INDIVIDUAL THERAPY, AND 4 WERE PROMOTED INTO LEADERSHIP.90% OF APPRENTICES BUILT TRANSFERABLE SKILLS FOR THE 21ST CENTURY ECONOMY; 84% INCREASED SOCIAL CAPITAL OUTCOMES; 93% INCREASED EARNING POWER OUTCOMES; AND 65% EXPERIENCED HEALING OUTCOMES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephanie Frances Executive Director | Officer | 40 | $81,292 |
Chad Cookinham Chair | OfficerTrustee | 2 | $0 |
Tawnya Ramirez Treasurer | OfficerTrustee | 2 | $0 |
Johnnie Williams Director | Trustee | 1 | $0 |
Dan Reed Director | Trustee | 1 | $0 |
Julie Voyles Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $178,204 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,080,706 |
| Noncash contributions included in lines 1a–1f | $6,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,258,910 |
| Total Program Service Revenue | $700 |
| 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 | $173,526 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,433,136 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $82,069 |
| Compensation of current officers, directors, key employees. | $24,621 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $440,938 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $2,739 |
| Payroll taxes | $46,603 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,914 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $27,174 |
| Advertising and promotion | $5,282 |
| Office expenses | $11,484 |
| Information technology | $5,618 |
| Royalties | $0 |
| Occupancy | $106,886 |
| Travel | $5,422 |
| 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 | $10,077 |
| Insurance | $6,795 |
| All other expenses | $0 |
| Total functional expenses | $807,795 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $770,350 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $197,535 |
| 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 | $9,659 |
| Prepaid expenses and deferred charges | $11,210 |
| Net Land, buildings, and equipment | $60,240 |
| Investments—publicly traded securities | $5,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,030 |
| Total assets | $1,057,024 |
| Accounts payable and accrued expenses | $83,536 |
| 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 | $2,667 |
| Total liabilities | $86,203 |
| Net assets without donor restrictions | $613,213 |
| Net assets with donor restrictions | $357,608 |
| 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 | $1,057,024 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that Prodigy Ventures Inc has recieved totaling $558,785.
| Awarding Organization | Amount |
|---|---|
The Colorado Health Foundation Denver, CO PURPOSE: CHAMPION HEALTH EQUITY | $140,760 |
Denver Foundation Denver, CO PURPOSE: GENERAL OPERATING SUPPORT | $124,025 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $100,000 |
Vera And Joseph Dresner Foundationinc West Bloomfield, MI PURPOSE: PROGRAM SUPPORT | $75,000 |
Kenneth Kendal King Foundation Denver, CO PURPOSE: FOR PRODIGY VENTURES APPRENTICESHIP PROGRAM. | $50,000 |
Minneapolis Foundation Minneapolis, MN PURPOSE: DONOR-RECOMMENDED, COMMUNITY & ECONOMIC DEVELOPMENT | $31,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Rocky Mountain Ser Jobs For Progress Inc Denver, CO | $10,491,072 | $23,133,017 |
Behavior Analyst Certification Board Inc Littleton, CO | $13,618,114 | $24,988,960 |
Yuma Private Industry Council Incorporated Yuma, AZ | $2,039,938 | $12,291,085 |
Arizona Industries For The Blind Phoenix, AZ | $15,708,519 | $11,232,717 |
Workforce Alliance Of South Central Kansas Inc Wichita, KS | $1,360,874 | $7,220,888 |
Local Workforce Investment Area Iii Inc Lenexa, KS | $530,275 | $5,852,812 |
Denverworks Denver, CO | $2,746,663 | $6,201,899 |
Southern Workforce Board Incorporated Durant, OK | $1,369,194 | $5,313,142 |
Northern Area Local Workforce Development Board Santa Fe, NM | $314,154 | $4,682,823 |
Colorado Womens Employment And Education Incorporated Denver, CO | $5,914,548 | $4,615,932 |
Desta Littleton, CO | $1,571,949 | $3,165,760 |
Worklife Partnership Denver, CO | $2,829,316 | $4,589,879 |