Washington Institute For Financial Security
- Assets
- $619.1k
- Revenue
- $447.0k
- Investments
- $0.0
- Employees
- 8
- Location
- Seattle, WA
- Founding
- 10/2013
- Data as of
- 06/2022
- EIN
- 80-0919097
Organization Overview
Washington Institute For Financial Security, operating under the name The Prosperity Agenda, is located in Seattle, WA. The organization was established in 2013. According to its NTEE Classification (P05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Human Services and related organizations. As of 06/2022, Prosperity Agenda employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prosperity Agenda 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 06/2022, Prosperity Agenda generated $447.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (7.4%) each year. All expenses for the organization totaled $890.5k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE PROSPERITY AGENDA (TPA), DESIGNS PATHWAYS TO ECONOMIC AND RACIAL JUSTICE ROOTED IN THE WISDOM, EXPERIENCE, AND EXPERTISE OF FAMILIES ENDURING ECONOMIC INEQUITY. THEY WORK WITH FAMILIES AND STAFF TO IMAGINE, TEST, AND REALIZE PROGRAMS WHERE PEOPLE THRIVE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TPA IS A DESIGN FIRM THAT HELPS NONPROFITS, BUSINESSES, FINANCIAL INSTITUTIONS, AND GOVERNMENT AGENCIES ADVANCE ECONOMIC AND RACIAL JUSTICE. THEY HELP ORGANIZATIONS STOP MANAGING POVERTY AND START INCREASING PROSPERITY BY PUTTING FAMILIES FIRST. THEY OFFER COMMUNITY-CENTERED DESIGN AND EVALUATION SERVICES TO MAKE WORK MORE MEANINGFUL, SUSTAINABLE, SCALABLE, AND DESIGNED FOR SYSTEMS CHANGE. THEY ALSO PROVIDE PRODUCTS AND SERVICES FOR ORGANIZATIONS TO ADOPT COACHING STRATEGIES TO BETTER ENGAGE WITH AND HELP FAMILIES THAT ARE EXPERIENCING POVERTY. THESE INCLUDE FAMILY-CENTERED COACHING, MONEY MINDSET CARDS, AND MONEY POWERUP PACKS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Liddy Romero Board President | OfficerTrustee | 5 | $0 |
Margie Henry Board Secretary | OfficerTrustee | 5 | $0 |
Diana Dollar Past President | Trustee | 5 | $0 |
Katy Riley Past Secretary | Trustee | 5 | $0 |
Sterling Adlakha Treasurer | OfficerTrustee | 5 | $0 |
Rachel Brooks Managing Director | Officer | 40 | $99,667 |
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 | $3,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,187 |
| Total Program Service Revenue | $435,483 |
| Investment income | $481 |
| 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 | $5,280 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $447,024 |
| 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. | $215,662 |
| Compensation of current officers, directors, key employees. | $109,456 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $269,128 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $4,990 |
| Fees for services: Accounting | $53,919 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $275,776 |
| Advertising and promotion | $3,806 |
| Office expenses | $20,464 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $39,128 |
| Travel | $3,284 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,422 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,403 |
| All other expenses | $554 |
| Total functional expenses | $890,536 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $53,851 |
| Savings and temporary cash investments | $388,682 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $146,250 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $30,333 |
| 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 | $619,116 |
| Accounts payable and accrued expenses | $16,156 |
| 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 | $24,081 |
| Total liabilities | $40,237 |
| Net assets without donor restrictions | $246,968 |
| Net assets with donor restrictions | $331,911 |
| 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 | $619,116 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Washington Institute For Financial Security Seattle, WA | $619,116 | $447,024 |
Seattle-King County Coalition On Homelessness Seattle, WA | $1,106,022 | $454,490 |
Heretogether Portland, OR | $368,760 | $488,786 |
Yoga Science Foundation Pullman, WA | $0 | $139,031 |
New Americans Alliance For Policy And Research Kent, WA | $185,163 | $305,267 |
Anchorage Hospitality Foundation Anchorage, AK | $80,897 | $83,117 |
Psara Education Fund Seattle, WA | $40,019 | $0 |
Porsesh Policy Research Institute Seatac, WA | $34,898 | $75,000 |