BETA

PROSPERITY DENVER FUND: Form 990, tax year 2022

View the entire original 990 at ProPublica ↗

Organization
PROSPERITY DENVER FUND (EIN 84-2091903)
Tax period
2022-10-01 to 2023-09-30
Filed
2024-03-14
IRS object ID
202430749349300943
Schema version
2022v5.0
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2024-03-14T20:47:33-04:00ReturnTs
Tax Period End2023-09-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN811121825PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1REDPOINT FINANCIAL SERVICES LLCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line13845 TENNYSON STREET SUITE 145AddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80212ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2022-10-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN842091903EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1PROSPERITY DENVER FUNDBusinessNameLine1Txt
FieldValueIRS element (for citing)
Business Name ControlPROSBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 7609AddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80207ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonMATT JORDANPersonNm
Person TitleCEOPersonTitleTxt
Phone7205950500PhoneNum
Signature2024-02-14SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstMATTPersonFirstNm
Person LastJORDANPersonLastNm
FieldValueIRS element (for citing)
SSNXXX-XX-XXXXSSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonCHRISTOPHER W STEEDLYPreparerPersonNm
PTINP01356005PTIN
Phone3032093031PhoneNum
Preparation2024-03-14PreparationDt

Additional Filer Information AdditionalFilerInformation

Trusted Customer TrustedCustomerGrp

FieldValueIRS element (for citing)
Trusted Customer0TrustedCustomerCd
OOB Security Verification00OOBSecurityVerificationCd
Authentication Assurance LevelAAL1AuthenticationAssuranceLevelCd
Identity Assurance LevelIAL1IdentityAssuranceLevelCd
FieldValueIRS element (for citing)
Tax2022TaxYr
Build TS2023-04-26 12:10:37ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerMATT JORDANPrincipalOfficerNm
Gross Receipts$18,332,713GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.PROSPERITYDENVERFUND.ORGWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2019FormationYr
Legal Domicile StateCOLegalDomicileStateCd
Activity Or MissionEXPAND ACCESS TO POST HIGH SCHOOL EDUCATION FOR DENVER RESIDENTS AND INCREASE THEIR EDUCATION COMPLETION RATE. THIS INVESTMENT IN DENVER RESIDENTS WILL ENHANCE THEIR ECONOMIC SECURITY AND MOBILITY, AND STRENGTHEN DENVERS WORKFORCE AND ECONOMY.ActivityOrMissionDesc
Voting Members Governing Body7VotingMembersGoverningBodyCnt
Voting Members Independent7VotingMembersIndependentCnt
Total Employee2TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
Net Unrelated Bus Txbl Incm$0NetUnrelatedBusTxblIncmAmt
PY Contributions Grants$14,497,202PYContributionsGrantsAmt
CY Contributions Grants$17,039,425CYContributionsGrantsAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$125,251PYInvestmentIncomeAmt
CY Investment Income$1,293,288CYInvestmentIncomeAmt
CY Other Revenue$0CYOtherRevenueAmt
PY Total Revenue$14,622,453PYTotalRevenueAmt
CY Total Revenue$18,332,713CYTotalRevenueAmt
PY Grants And Similar Paid$5,136,350PYGrantsAndSimilarPaidAmt
CY Grants And Similar Paid$8,036,518CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$319,814PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$329,420CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$327,587PYOtherExpensesAmt
CY Other Expenses$494,403CYOtherExpensesAmt
PY Total Expenses$5,783,751PYTotalExpensesAmt
CY Total Expenses$8,860,341CYTotalExpensesAmt
PY Revenues Less Expenses$8,838,702PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$9,472,372CYRevenuesLessExpensesAmt
Total Assets BOY$29,340,017TotalAssetsBOYAmt
Total Assets EOY$41,482,209TotalAssetsEOYAmt
Total Liabilities BOY$5,409,471TotalLiabilitiesBOYAmt
Total Liabilities EOY$8,091,607TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$23,930,546NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$33,390,602NetAssetsOrFundBalancesEOYAmt
MissionEXPAND ACCESS TO POST HIGH SCHOOL EDUCATION FOR DENVER RESIDENTS AND INCREASE THEIR EDUCATION COMPLETION RATE. THIS INVESTMENT IN DENVER RESIDENTS WILL ENHANCE THEIR ECONOMIC SECURITY AND MOBILITY, AND STRENGTHEN DENVERS WORKFORCE AND ECONOMY.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$8,119,870ExpenseAmt
Grant$8,036,518GrantAmt
DescIN 2023, PROSPERITY DENVER FUND CONDUCTED ITS FIFTH ROUND OF REIMBURSEMENTS TO 27 SUPPORTED ORGANIZATIONS TOTALING MORE THAN $8 MILLION, COVERING MORE THAN 1,800 SCHOLARS. WE CONTINUE TO WORK CLOSELY WITH STAKEHOLDERS TO DEVELOP AND IMPLEMENT STRATEGIES TO INCREASE THE AMOUNT OF FUNDS DISTRIBUTED AND SCHOLARS SERVED.Desc
Total Program Service Expenses$8,119,870TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecYes (true)ReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesYes (true)ReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtYes (true)IndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsYes (true)GrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredYes (true)ScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee2EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Form8899 FiledindfalseForm8899Filedind
Form1098 C FiledfalseForm1098CFiledInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members7GoverningBodyVotingMembersCnt
Independent Voting Member7IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesfalseMinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherYes (true)CompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldCOStatesWhereCopyOfReturnIsFldCd
Own WebsiteYes (X)OwnWebsiteInd
Other WebsiteYes (X)OtherWebsiteInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTEPHEN KURTZPersonNm
Phone3038885650PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line16355 EAST TUFFS AVEAddressLine1Txt
CityENGLEWOODCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80111ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (8 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndHighest Compensated EmployeeHighestCompensatedEmployeeIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
MATT JORDAN
CEO40.000.00Yes (X)Yes (X)$177,019$0$0
CHRISTOPHER HERNDON
BOARD MEMBER2.000.00$0$0$0Yes (X)
JOHN H KECHRIOTIS
BOARD MEMBER2.000.00$0$0$0Yes (X)
DANIELLE SHOOTS
BOARD MEMBER2.000.00$0$0$0Yes (X)
ANGELA COBIAN
SECRETARY AND BOARD MEMBER3.000.00Yes (X)$0$0$0Yes (X)
STEPHEN KURTZ
BOARD CHAIR5.000.00Yes (X)$0$0$0Yes (X)
MARK GOODMAN
TREASURER AND BOARD MEMBER3.000.00Yes (X)$0$0$0Yes (X)
THERESA PENA
VICE CHAIR3.000.00Yes (X)$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$177,019TotalReportableCompFromOrgAmt
Tot Reportable Comp Rltd Org$0TotReportableCompRltdOrgAmt
Total Other Compensation$0TotalOtherCompensationAmt
Indiv Rcvd Greater Than100 K1IndivRcvdGreaterThan100KCnt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KYes (true)TotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$17,039,425GovernmentGrantsAmt
Total Contributions$17,039,425TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,293,288TotalRevenueColumnAmt
Related Or Exempt Func Income$1,237,040RelatedOrExemptFuncIncomeAmt
Exclusion$56,248ExclusionAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$18,332,713TotalRevenueColumnAmt
Related Or Exempt Func Income$1,237,040RelatedOrExemptFuncIncomeAmt
Unrelated Business Revenue$0UnrelatedBusinessRevenueAmt
Exclusion$56,248ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$8,036,518TotalAmt
Program Services$8,036,518ProgramServicesAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$289,215TotalAmt
Management And General$289,215ManagementAndGeneralAmt

Pension Plan Contributions PensionPlanContributionsGrp

FieldValueIRS element (for citing)
Total$19,023TotalAmt
Management And General$19,023ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$21,182TotalAmt
Management And General$21,182ManagementAndGeneralAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$30,010TotalAmt
Management And General$30,010ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$40,040TotalAmt
Management And General$40,040ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$330,655TotalAmt
Program Services$83,352ProgramServicesAmt
Management And General$247,303ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$211TotalAmt
Management And General$211ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,175TotalAmt
Management And General$5,175ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$40TotalAmt
Management And General$40ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$759TotalAmt
Management And General$759ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$27,175TotalAmt
Management And General$27,175ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtManagement And GeneralManagementAndGeneralAmt
BANK CHARGES & FEES$3,041$3,041
POSTAGE & SHIPPING$386$386
MARKETING$1,597$1,597
SOFTWARE$1,911$1,911

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$53,403TotalAmt
Management And General$53,403ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$8,860,341TotalAmt
Program Services$8,119,870ProgramServicesAmt
Management And General$740,471ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$786,459BOYAmt
EOY$718,017EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$18,428,965BOYAmt
EOY$17,350,266EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$643BOYAmt
EOY$15,522EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,791LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$2,382LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,387BOYAmt
EOY$1,409EOYAmt

Investments Other Securities InvestmentsOtherSecuritiesGrp

FieldValueIRS element (for citing)
BOY$10,121,563BOYAmt
EOY$23,396,995EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$29,340,017BOYAmt
EOY$41,482,209EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$44,663BOYAmt
EOY$33,815EOYAmt

Grants Payable GrantsPayableGrp

FieldValueIRS element (for citing)
BOY$5,363,479BOYAmt
EOY$8,045,675EOYAmt

Other Liabilities OtherLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,329BOYAmt
EOY$12,117EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$5,409,471BOYAmt
EOY$8,091,607EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$23,930,546BOYAmt
EOY$33,390,602EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$23,930,546BOYAmt
EOY$33,390,602EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$29,340,017BOYAmt
EOY$41,482,209EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$9,472,372ReconcilationRevenueExpnssAmt
Prior Period Adjustments-$12,316PriorPeriodAdjustmentsAmt
Other Changes In Net Assets$0OtherChangesInNetAssetsAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Separate Basis Fincl StmtYes (X)SeparateBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$11,143,422CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,944,168CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,497,201CurrentTaxYearMinus1YearAmt
Current Tax Year$17,039,425CurrentTaxYearAmt
Total$54,624,216TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$11,143,422CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$11,944,168CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$14,497,201CurrentTaxYearMinus1YearAmt
Current Tax Year$17,039,425CurrentTaxYearAmt
Total$54,624,216TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$53,531,732SubstantialContributorsTotAmt
Public Support Total170$1,092,484PublicSupportTotal170Amt
Total Support$54,624,216TotalSupportAmt
First5 Years170Yes (X)First5Years170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,791OtherCostOrOtherBasisAmt
Depreciation$2,382DepreciationAmt
Book Value$1,409BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,409TotalBookValueLandBuildingsAmt

Other Securities OtherSecuritiesGrp

FieldValueIRS element (for citing)
DescJP MORGAN INVESTMENT ACCOUNTDesc
Book Value$23,396,995BookValueAmt
Method ValuationFMethodValuationCd
FieldValueIRS element (for citing)
Total Book Value Securities$23,396,995TotalBookValueSecuritiesAmt

Other Liabilities Org OtherLiabilitiesOrgGrp (3 entries)

DescDescAmtAmt
CREDIT CARD PAYABLE$381
403B PAYABLE$856
PAYROLL PAYABLE$10,880
FieldValueIRS element (for citing)
Total Liability$12,117TotalLiabilityAmt
Total Rev Etc Audited Fincl Stmt$18,332,713TotalRevEtcAuditedFinclStmtAmt
Revenue Subtotal$18,332,713RevenueSubtotalAmt
Total Revenue Per Form990$18,332,713TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$8,860,341TotExpnsEtcAuditedFinclStmtAmt
Expenses Subtotal$8,860,341ExpensesSubtotalAmt
Total Expenses Per Form990$8,860,341TotalExpensesPerForm990Amt

Schedule I IRS990ScheduleI

FieldValueIRS element (for citing)
Grant Records MaintainedYes (true)GrantRecordsMaintainedInd

Recipient Table RecipientTable (24 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdRecipient EINRecipientEINIRC SectionIRCSectionDescCash GrantCashGrantAmtPurpose Of GrantPurposeOfGrantTxt
ACCESS OPPORTUNITY
1871 FOLSOM ST STE 110BOULDERCO80302465399558501C3$17,820TO REIMBURSE FOR SCHOLARSHIPS
CHERRY HILLS PALMER SCHOLARSHIP FOU
4125 S UNIVERSIT BLVDCHERRY HILLS VILLAGECO80113840166310501C3$10,875TO REIMBURSE FOR SCHOLARSHIPS
EAST ANGEL FRIENDS & ALUMNI SCHOLAR
PO BOX 6015DENVERCO80206320069773501C3$7,500TO REIMBURSE FOR SCHOLARSHIPS
COLORADO UPLIFT
400 W 48TH AVENUE SUITE 250DENVERCO80216840889330501C3$29,837TO REIMBURSE FOR SCHOLARSHIPS
DENVER SCHOLARSHIP FOUNDATION
789 SHERMAN ST NO 610DENVERCO80203205143175501C3$6,812,064TO REIMBURSE FOR SCHOLARSHIPS
EVANS SCHOLARS FOUNDATION
2501 PATRIOT BLVDGLENVIEWIL60026362865965501C3$74,013TO REIMBURSE FOR SCHOLARSHIPS
DENVER KIDS INC
780 GRANT STDENVERCO80203841244211501C3$5,025TO REIMBURSE FOR SCHOLARSHIPS
GIRLS INC OF METRO DENVER
1499 JULIAN STDENVERCO80204742277668501C3$26,610TO REIMBURSE FOR SCHOLARSHIPS
GREENHOUSE SCHOLARS
1820 FOLSOM STBOULDERCO80302202863499501C3$52,500TO REIMBURSE FOR SCHOLARSHIPS
HARRY L AND EVA J PUKSTA FOUNDATION
2221 W 30TH AVEDENVERCO80211841555566501C3$224,318TO REIMBURSE FOR SCHOLARSHIPS
LATIN AMERICAN EDUCATIONAL FOUNDATI
1035 OSAGE STDENVERCO80204846010415501C3$60,275TO REIMBURSE FOR SCHOLARSHIPS
LATINAS FIRST FOUNDATION
1766 WEST 46TH AVE UNIT 11489DENVERCO80211472502131501C3$44,428TO REIMBURSE FOR SCHOLARSHIPS
MILE HIGH 360
PO BOX 40160DENVERCO80204261598336501C3$23,175TO REIMBURSE FOR SCHOLARSHIPS
MINDS MATTER COLORADO
1391 SPEER BLVD 710DENVERCO80204201449487501C3$18,875TO REIMBURSE FOR SCHOLARSHIPS
NORTHSIDE HIGH SCHOOL ALUMNI SCHOLA
2960 NORTH SPEER BLVDDENVERCO80211841179445501C3$34,913TO REIMBURSE FOR SCHOLARSHIPS
SACHS FOUNDATION
PO BOX 1452COLORADO SPRINGSCO80901840500835501C3$243,849TO REIMBURSE FOR SCHOLARSHIPS
SHERMAN ENTREPRENEURSHIP FOUNDATION
1701 E TUFTS AVEENGLEWOODCO80113821063569501C3$14,617TO REIMBURSE FOR SCHOLARSHIPS
THE CHALLENGE FOUNDATION
4545 S UNIVERSITY BLVDENGLEWOODCO80113581817816501C3$13,068TO REIMBURSE FOR SCHOLARSHIPS
THE DENVER FOUNDATION
1009 GRANT STDENVERCO80203846048381501C3$18,563TO REIMBURSE FOR SCHOLARSHIPS
BOYS HOPE GIRLS HOPE COLORADO
3090 S JAMAICA CTAURORACO80014841239769501C3$5,115TO REIMBURSE FOR SCHOLARSHIPS
COLLEGE TRACK
112 LINDEN STOAKLANDCA94607943279613501C3$11,327TO REIMBURSE FOR SCHOLARSHIPS
MAPLETON FIRST FOUNDATION
6951 FOX WAYDENVERCO80221841205807501C3$5,625TO REIMBURSE FOR SCHOLARSHIPS
PINNACOL FOUNDATION
7501 E LOWRY BLVDDENVERCO80230841575318501C3$21,382TO REIMBURSE FOR SCHOLARSHIPS
THEDREAMUS NEW VENTURES FUND
1828 L ST NWWASHINGTONDC20036205806345501C3$260,616TO REIMBURSE FOR SCHOLARSHIPS

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceMonitoring procedures (Part I, line 2)FormAndLineReferenceDesc
ExplanationPROSPERITY DENVER FUND CONDUCTS TWO REIMBURSEMENT ROUNDS ANNUALLY TO SUPPORTED ORGANIZATIONS FOR SCHOLARSHIPS AND SUPPORT SERVICES PROVIDED TO QUALIFYING STUDENTS DURING THE PREVIOUS ACADEMIC YEAR. STUDENTS RECEIVING SCHOLARSHIPS ELIGIBLE FOR REIMBURSEMENT MUST MEET THE FOLLOWING REQUIREMENTS: (1) STUDENTS EXPECTED FAMILY CONTRIBUTION (OR EFC OBTAINED FROM FAFSA) MUST BE BELOW 2.5 TIMES THE MAXIMUM EFC TO QUALIFY FOR THE FEDERAL PELL GRANT (2) STUDENTS MUST HAVE LIVED IN DENVER FOR 3 YEARS PRIOR TO STARTING THEIR POST-SECONDARY EDUCATION (3) STUDENTS MUST BE 25 YEARS OF AGE OR YOUNGER ON THE LAST DAY OF THE PRIOR POST-SECONDAY ACADEMIC SCHOOL YEAR (4) STUDENTS MUST DEMONSTRATE SATISFACTORY ACADEMIC PROGRESSExplanationTxt

Schedule J IRS990ScheduleJ

FieldValueIRS element (for citing)
Independent ConsultantYes (X)IndependentConsultantInd
Form990 Of Other OrganizationsYes (X)Form990OfOtherOrganizationsInd
Compensation SurveyYes (X)CompensationSurveyInd
Severance PaymentfalseSeverancePaymentInd
Supplemental Nonqual Rtr PlanfalseSupplementalNonqualRtrPlanInd
Equity Based Comp ArrngmfalseEquityBasedCompArrngmInd
Comp Based On Revenue Of Flng OrgfalseCompBasedOnRevenueOfFlngOrgInd
Comp Bsd On Rev Related OrgsfalseCompBsdOnRevRelatedOrgsInd
Comp Bsd Net Earns Flng OrgfalseCompBsdNetEarnsFlngOrgInd
Comp Bsd Net Earns Rltd OrgsfalseCompBsdNetEarnsRltdOrgsInd
Any Non Fixed PaymentsfalseAnyNonFixedPaymentsInd
Initial Contract ExceptionfalseInitialContractExceptionInd

Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp

FieldValueIRS element (for citing)
PersonMATT JORDANPersonNm
TitleCEOTitleTxt
Base Compensation Filing Org$177,019BaseCompensationFilingOrgAmt
Total Compensation Filing Org$177,019TotalCompensationFilingOrgAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (6 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
Committee meeting documentation Part VI line 8bTHERE WERE NO COMMITTEES DURING THE FISCAL YEAR WHICH HAD AUTHORITY TO ACT FOR THE GOVERNING BODY, AND THEREFORE THERE WERE NO RELATED WRITTEN ACTIONS, NOR MEETINGS HELD RELATED TO DELEGATION. THERE WAS ONLY ONE COMMITTEE DURING THE FISCAL YEAR WHICH REVIEWED PROPOSALS WHICH WERE THEN SENT TO THE FULL BOARD FOR FORMAL ACTION.
Form 990 governing body review Part VI line 11THE FORM 990 IS REVIEWED BY MATT JORDAN (CEO), STEPHEN KURTZ (BOARD CHAIR) AND MARK GOODMAN (TREASURER AND BOARD MEMBER). THEY WILL THEN DISTRIBUTE TO ALL GOVERNING MEMBERS BEFORE FILING.
Conflict of interest policy compliance Part VI line 12cTHE BOARD OF DIRECTORS REQUIRES THAT ALL BOARD MEMBERS COMPLETE A CONFLICT OF INTEREST DISCLOSURE FORM, AND ENSURE THAT ALL BOARD MEMBERS ARE IN COMPLIANCE, AND WITHOUT CONFLICT OF INTEREST. THE BOARD IS REGULARLY REMINDED OF THE POLICY, AND ACTIVITIES AND PAYMENTS ARE MONITORED BY THE CORPORATIONS OFFICERS.
CEO executive director top management comp Part VI line 15aTHE BOARD OF DIRECTORS ENGAGED PEAK HR CONSULTING TO DEVELOP A POSITION DESCRIPTION, SALARY RANGE AND CONDUCT THE SEARCH PROCESS. THE SALARY RANGE WAS BASED ON COMPARABLE EXECUTIVE POSITIONS IN THE DENVER METRO AREA.
Other officer or key employee compensation Part VI line 15bCOMPENSATION FOR KEY EMPLOYEES IS BASED ON A SALARY SURVEY OF DENVER METRO AREA NONPROFIT ORGANIZATIONS AND FOUNDATIONS CONDUCTED BY THE EMPLOYERS COUNCIL.
Governing documents etc available to public Part VI line 19THE GOVERNING DOCUMENTS OF THE CORPORATION ARE MADE READILY AVAILABLE ON THE CORPORATIONS WEBSITE.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp

Disregarded Entity Name DisregardedEntityName

FieldValueIRS element (for citing)
Business Name Line1CITY AND COUNTY OF DENVERBusinessNameLine1Txt

US Address USAddress

FieldValueIRS element (for citing)
Address Line11437 BANNOCK STAddressLine1Txt
CityDENVERCityNm
State AbbreviationCOStateAbbreviationCd
ZIP80202ZIPCd
FieldValueIRS element (for citing)
EIN846000580EIN
Primary ActivitiesGOVERNMENTAL BODYPrimaryActivitiesTxt
Legal Domicile StateCOLegalDomicileStateCd
Exempt Code Section115ExemptCodeSectionTxt
Direct Controlling NAN/ADirectControllingNACd
Controlled OrganizationfalseControlledOrganizationInd

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