Prosperity Connection
- Assets
- $1.4m
- Revenue
- $1.3m
- Investments
- $0.0
- Employees
- 17
- Location
- St Louis, MO
- Founding
- 11/2010
- Data as of
- 12/2021
- EIN
- 80-0444131
Organization Overview
Prosperity Connection is located in St Louis, MO. The organization was established in 2010. According to its NTEE Classification (P51) the organization is classified as: Financial Counseling, under the broad grouping of Human Services and related organizations. As of 12/2021, Prosperity Connection employed 17 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosperity Connection 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, Prosperity Connection generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 26.2% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 25.9% 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 PROMOTE ECONOMIC SUCCESS FOR EVERYONE IN THE ST. LOUIS REGION BY PROVIDING FINANCIAL EDUCATION AND ACCESS TO RELIABLE FINANCIAL PRODUCTS AND SERVICES
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH THE ORGANIZATION'S COACHING PROGRAM, THEY PROVIDE IN-DEPTH ONE-ON-ONE PERSONALIZED COACHING. THIS IN-DEPTH, GOAL-ORIENTED COACHING ACCEPTS CLIENTS THROUGH PARTNER REFERRALS AND VIA THEIR WEBSITE. IN FISCAL YEAR 2021, THE COACHING PROGRAM REACHED 1085 PEOPLE.
THROUGH THE ORGANIZATION'S ST. LOUIS BUILDS CREDIT PROGRAM, THEY OFFER FINANCIAL EDUCATIONS CLASSES, COMMUNITY CREDIT FAIRS, AND PERSONALIZED CREDIT REVIEWS. THE FIVE CORE FINANCIAL EDUCATION CLASSES OFFERED ARE HELD MONTHLY, AND DESIGNED TO GIVE A BASIS OF KNOWLEDGE AND SERVE AS THE BACKBONE FOR THE OTHER SERVICES OFFERED BY THE ORGANIZATION. COMMUNITY CREDIT FAIRS ARE PROVIDED WITHIN THE COMMUNITY, PROVIDING FICO CREDIT REPORTS, AS WELL AS PERSONALIZED ACTION PLANS, ALL WITHIN A 15-MINUTE ON-SITE MEETING. VOLUNTEERS HELP TO DELIVER CLASSES AND STAFF CREDIT FAIRS. CREDIT REVIEWS ARE ONE-TIME MEETINGS OFFERED TO CLIENTS WHO MAY NOT BE READY FOR IN-DEPTH COACHING BUT WANT TO START THEIR CREDIT-BUILDING JOURNEY. IN FISCAL YEAR 2021, THE ST. LOUIS BUILD CREDIT PROGRAM REACHED 1143 PEOPLE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine Siddens Executive Director | Officer | 50 | $101,563 |
Paul Woodruff Former Executive Director | 1 | $49,160 | |
Suzanne Hough Vice Chair | Trustee | 1 | $0 |
Susan Katzman Chairperson | Trustee | 1 | $0 |
Tom Sullivan Treasurer | Trustee | 1 | $0 |
John Windom Secretary | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $166,660 |
| All other contributions, gifts, grants, and similar amounts not included above | $967,846 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,134,506 |
| Total Program Service Revenue | $54,408 |
| 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 | $1,257,430 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $60,000 |
| 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. | $107,869 |
| Compensation of current officers, directors, key employees. | $18,338 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $288,881 |
| Pension plan accruals and contributions | $19,001 |
| Other employee benefits | $223,571 |
| Payroll taxes | $62,562 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,425 |
| Fees for services: Accounting | $7,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $91,115 |
| Advertising and promotion | $10,809 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $128,731 |
| Travel | $14,379 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $20 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $22,136 |
| Total functional expenses | $1,073,208 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,391,627 |
| 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 | $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 | $1,500 |
| Total assets | $1,393,127 |
| Accounts payable and accrued expenses | $121,706 |
| 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 | $0 |
| Total liabilities | $121,706 |
| Net assets without donor restrictions | $1,031,282 |
| Net assets with donor restrictions | $240,139 |
| 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 | $1,393,127 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prosperity Connection has recieved totaling $25,100.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $25,100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Consumer Credit Union Greeneville, TN | $557,161,210 | $15,832,085 |
Economic Empowerment Center Omaha, NE | $3,751,095 | $11,872,061 |
North Iowa Community Action Organization Mason City, IA | $4,791,194 | $9,251,857 |
Family Credit Counseling Service Inc Chicago, IL | $9,585,248 | $7,733,487 |
Northwest Side Housing Center Chicago, IL | $2,986,371 | $4,446,523 |
Quickcert Tulsa, OK | $2,343,407 | $2,400,741 |
Usa Cares Inc Louisville, KY | $1,622,546 | $2,426,137 |
Consumer Credit Of Des Moines Des Moines, IA | $2,361,855 | $1,382,576 |
Credit Advisors Foundation Omaha, NE | $5,047,344 | $1,612,156 |
Moneythink Chicago, IL | $2,812,630 | $2,607,050 |
Community Life Line East Saint Louis, IL | $0 | $1,259,737 |
Prosperity Connection St Louis, MO | $1,393,127 | $1,257,430 |