Prairie Rose Development Corp
- Assets
- $31.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kirk, CO
- Founding
- Data as of
- 12/2022
- EIN
- 85-1239978
Organization Overview
Prairie Rose Development Corp is located in Kirk, CO. According to its NTEE Classification (S43) the organization is classified as: Small Business 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. Prairie Rose Development Corp 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 12/2022, Prairie Rose Development Corp generated $57.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (31.6%) each year. All expenses for the organization totaled $95.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
PRAIRIE ROSE DEVELOPMENT SUCCESSFULLY LAUNCHED A STATEWIDE KIVA HUB FOR COLORADO IN MID 2021 AND 2022 WAS THE FIRST FULL YEAR OF OPERATIONS. KIVA IS A CROWD-FUNDED 0% INTEREST RATE SMALL BUSINESS LOAN PROGRAM (LOANS IN THE RANGE OF $1,000 TO $15,000) FOR OTHERWISE FINANCIALLY EXCLUDED ENTREPRENEURS LOOKING TO CREATE SOCIALLY IMPACTFUL SMALL BUSINESSES THAT HAVE THE POTENTIAL TO CREATE JOBS IN THEIR LOCAL COMMUNITIES. TWO PART-TIME BILINGUAL CAPITAL ACCESS MANAGERS PROVIDED TECHNICAL ASSISTANCE AND FUNDING HELP TO MORE THAN 400 EXISTING AND POTENTIAL SMALL BUSINESS OWNERS. THIRTY-SIX LOANS TOTALING $275,000 WERE FUNDED IN 2022 BY MORE THAN 7,000 INDIVIDUAL LENDERS. SEVENTY-TWO PERCENT OF ALL LOANS WERE MADE TO WOMAN-OWNED BUSINESSES AND MORE THAN 50% OF ALL LOANS GO TO BIPOC AND MINORITY OWNED FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Delaney Keating Treasurer | 2 | $0 | |
Mike O'donnell Executive Director | 30 | $0 | |
Kt Homes President | 2 | $0 | |
Bonnie Watson Vice President | 2 | $0 | |
Rod Bolls Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $57,500 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $31,332 |
| Professional fees and other payments to independent contractors | $16,667 |
| Occupancy, rent, utilities, and maintenance | $778 |
| Printing, publications, postage, and shipping | $135 |
| Other expenses | $46,884 |
| Total expenses | $95,796 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $30,524 |
| Other assets | $0 |
| Total assets | $31,063 |
| Total liabilities | $1,123 |
| Net assets or fund balances | $29,940 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Prairie Rose Development Corp has recieved totaling $52,500.
| Awarding Organization | Amount |
|---|---|
Kenneth Kendal King Foundation Denver, CO PURPOSE: FOR THE KIVA HUB DENVER PROGRAM. | $50,000 |
Zions Bancorporation Foundation Salt Lake City, UT PURPOSE: SUPPORT FOR SMALL BUSINESSES | $2,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Dreamspring Albuquerque, NM | $203,163,761 | $25,298,598 |
Seedspot Phoenix, AZ | $567,792 | $1,178,540 |
Foundation For Black Entrepreneurship Denver, CO | $394,455 | $1,255,984 |
Custer County Foundation Inc Broken Bow, NE | $7,035,087 | $2,062,629 |
Ppep Microbusiness And Housing Development Corporation Tucson, AZ | $8,046,696 | $1,849,131 |
Northern Arizona Technology & Business Incubator Flagstaff, AZ | $421,992 | $963,553 |
Community Development Financial Institution Of The Tahono Odham Sells, AZ | $21,686,771 | $728,055 |
Exponential Impact Colorado Springs, CO | $3,022,764 | $1,129,971 |
Civico Denver, CO | $298,946 | $905,043 |
Pipeline Inc Kansas City, KS | $850,172 | $659,645 |
Wyoming Womens Business Center Laramie, WY | $937,422 | $712,073 |
Tolani Lake Enterprises Inc Winslow, AZ | $480,599 | $717,239 |