2016-11-14T19:02:06-06:00 2015-12-31 271728945 PKF O'CONNOR DAVIES LLP 500 MAMARONECK AVENUE HARRISON NY 105281633 990 2015-01-01 461904997 PROSPECTS OPPORTUNITY AND ENRICHMENT INC PROS 2034380136 25 PROSPECT STREET RIDGEFIELD CT 06877 REBECCA L CIOTA PRESIDENT 2034380136 2016-11-14 1 BARBARA VAN BERGEN P00967804 9143818900 2016-11-09 2015 2017-02-10 21:41:12Z THE PROSPECTOR THEATER REBECCA L CIOTA 25 PROSPECT STREET RIDGEFIELD CT 06877 5144176 0 X N/A X 2013 CT MISSION:PROSPECTS, OPPORTUNITY AND ENRICHMENT, INC. - THE 501(C)(3) NON-PROFIT OPERATING THE PROSPECTOR THEATER - IS DEDICATED TO PROVIDING MEANINGFUL EMPLOYMENT TO ADULTS WITH DISABILITIES THROUGH THE OPERATION OF A FIRST-RUN MOVIE THEATER LOCATED IN THE HEART OF HISTORIC RIDGEFIELD, CONNECTICUT. OUR EMPLOYEES, KNOWN AS PROSPECTS, LIVE A HIGHER QUALITY OF LIFE THROUGH MEANINGFUL EMPLOYMENT, AND ARE ENCOURAGED TO SPARKLE, SHINE, AND TURN THEIR PASSIONS INTO PROFESSIONS.THE PROSPECTOR THEATER DELIVERS A PREMIUM MOVIE GOING EXPERIENCE UNMATCHED BY THE LOCAL MULTIPLEXES. THE HIGH QUALITY PROGRAMMING, EXCELLENCE IN CUSTOMER EXPERIENCE, AND CLEAN AND SPARKLY FACILITIES HAVE BROUGHT MOVIEGOERS BACK TO THE THEATER. SINCE OUR GRAND OPENING IN NOVEMBER 2014, THE PROSPECTOR THEATER HAS WELCOMED OVER 200,000 PEOPLE THROUGH OUR DOORS. WE HAVE RECEIVED NATIONAL ATTENTION, AWARDS, AND RECEIVE MESSAGES FROM PEOPLE ALL OVER THE WORLD INTERESTED IN OPENING PROSPECTOR THEATERS.THE NEED:THERE IS A MAJOR 3 3 149 6 0 0 2534174 3018431 215518 1458967 0 8 0 528815 2749692 5006221 0 0 0 0 628040 2067926 0 0 73379 1235586 1684438 1863626 3752364 886066 1253857 1056156 2283127 47274 159415 1008882 2123712 X THE MISSION OF THE PROSPECTOR THEATER IS TO EMPLOY AND TRAIN ADULTS WITH A BROAD RANGE OF DISABILITIES THROUGH MEANINGFUL WORK AND EMPLOYMENT, WHILE EDUCATING AND INTRODUCING THIS UNDER-REPRESENTED POPULATION TO THE COMMUNITY AS STRONG, VIBRANT, AND IMPORTANT CONTRIBUTORS TO THE WORKFORCE. 0 0 3315189 1987782 SEE SCHEDULE OTHE PROSPECTOR THEATER'S MODEL OF INTEGRATED EMPLOYMENT, TRAINING, AND PROFESSIONAL DEVELOPMENT FUELS THE OPERATION A PREMIUM MOVIE GOING EXPERIENCE. AUTHENTIC ON-THE-JOB-TRAINING IS INTERTWINED IN THE OPERATION, MANAGEMENT, AND STRUCTURE OF OUR ORGANIZATION. PROSPECTS ARE BOTH THE STUDENT AND THE TEACHER, WORKING SIDE-BY-SIDE THROUGH OPERATIONS AND TRAINING. WITH OVER 125,000 TICKETS SOLD THROUGH DECEMBER 31, 2015, MOVIE-GOERS ARE EDUCATED WITH EACH INTERACTION WITH OUR PROSPECTS ABOUT HOW VALUABLE, SMART, ABLE AND EMPLOYABLE ADULTS WITH DISABILITIES ARE, ALLOWING FOR OUTSIDE EMPLOYERS TO SEEK TO EMPLOY ADULTS WITH DISABILITIES WITHIN THEIR OWN WORKFORCES. SOME OF OUR MAJOR ACCOMPLISHMENTS IN 2015 INCLUDE:- 108 PROSPECTS CURRENTLY EMPLOYED, 70% SELF-IDENTIFY WITH A DISABILITY- OVER 125,000 TICKETS SOLD (AVERAGING 2,300/WEEK)- $5.00 PER CAP (NATIONAL AVERAGE AROUND $4.60)- PAIRED PROSPECTS WITH INDIVIDUALIZED EMPLOYMENT PLANS- PROSPECTS HAVE TRANSITIONED TO OTHER REWARDING JOB OPPORTUNITIES IN THE COMMUNITY- SPARKLE CLASS - A WEEKLY SESSION AIMED AT TAPPING INTO THE SPARKLE OF EACH INDIVIDUALPROSPECT IN ORDER TO PROMOTE GROWTH AND PERSONAL DEVELOPMENT- JAM TIME - A WEEKLY CLASS REMIXING THE WAYS WE APPROACH HIP-HOP, PEDAGOGY, AND PERSONAL DEVELOPMENT- PROSPECT PRODUCTIONS CREATED DIGITAL AND VIDEO CONTENT TO BE USED FOR PRE-SHOW, SOCIAL MEDIA, ENTERTAINMENT AND EDUCATIONAL PURPOSES- IN-SOURCED OUR LANDSCAPING AND DEEP CLEANING THROUGH OUR FACILITIES TEAM TO CREATE MORE JOB TRAINING OPPORTUNITIES- DOCUMENTED AND EDITED OVER HUNDREDS OF STANDARD OPERATING PROCEDURES THROUGH THE KAIZEN MODEL, AIMED AT TEACHING AND TRAINING A DIVERSE AUDIENCE OF LEARNERS- OVER 3,000 STUDENTS HAVE ACTIVELY ENGAGED IN OUR SERVICE LEARNING EXPERIENCES- SHARED BEST PRACTICES AND GUIDANCE WITH LIKE-MINDED ORGANIZATIONS, BUSINESSES, AND INDIVIDUALS: HARVARD COMMUNITY PARTNERS, LUV MICHAEL GRANOLA, SPECIAL GIFTS INC.- AIRED THREE TIMES ON NBC NIGHTLY NEWS; COVERED IN THE NEW YORK TIMES, HUFFINGTON POST, TRADITIONAL HOME MAGAZINE, ESPN- 2015 NEW YORK YANKEES HOPE WEEK HONOREE- FOUNDER/EXECUTIVE DIRECTOR VALERIE JENSEN WAS INVITED TO SPEAK AT THE WHITE HOUSE FOR THEIR PANEL DISCUSSION ON DISABILITY EMPLOYMENT IN THE ARTS AND ENTERTAINMENT INDUSTRY- DIRECTOR OF DEVELOPMENT MIKE "MUNCHIE" SANTINI PRESENTED HIS WORK WITH HIP-HOP, EMPATHY, AND ABILITY AT THE JOHN F. KENNEDY CENTER FOR PERFORMING ARTS DURING THE WORDS, BEATS & LIFE GLOBAL HIP-HOP CONFERENCE- COORDINATED SPONSORSHIPS WITH NATIONWIDE BUSINESSES AND CORPORATIONS: BLACK & DECKER, PEPSI, ORVILLE REDENBACHER, AUDI, BMW, JEEP, ALTIUM WEALTH- BUILT PROFESSIONAL RELATIONSHIPS WITH ANIMATORS AND DIRECTORS AT BLUE SKY STUDIOS, HOSTING JOINT-EVENTS AND TOURING THEIR FACILITY- TRANSITIONED PROSPECTS TO OTHER POSITIONS 3315189 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 1 13 0 149 1 0 0 0 0 0 0 0 0 0 0 X 3 3 1 0 0 0 1 1 1 1 0 0 0 1 1 1 1 1 1 0 0 0 CT X REBECCA L CIOTA 9143292373 C/O CIOTA LEGAL GROUP 421-B MAIN RIDGEFIELD CT 06877 X REBECCA L CIOTA PRESIDENT / GENERAL COUNSEL 20.00 5.00 X X 0 0 0 GERALD L GARAVEL JR SECRETARY 2.00 5.00 X X 0 0 0 DAVID J CHOPLINSKI TREASURER 2.00 X X 0 0 0 JOHN BERISFORD DIRECTOR (THRU 04/2015) 2.00 X 0 0 0 VALERIE K JENSEN EXECUTIVE DIRECTOR 40.00 5.00 X 0 0 0 0 0 0 0 0 0 0 0 83802 2934629 383554 3018431 TICKET SALES 711110 1260183 1260183 EVENT RENTALS 711110 198784 198784 1458967 8 8 666770 137955 528815 528815 5006221 1987782 0 8 1708176 1567080 87459 53637 72971 66944 3736 2291 286779 263091 14683 9005 25324 25324 38000 28500 9500 126336 121703 4633 63867 58592 3270 2005 420899 281002 139556 341 733665 733665 204334 154771 44749 4814 40951 37568 2097 1286 FACILITIES REPAIR AND M 28269 28269 UNIFORM LAUNDRY AND CLE 2206 2206 MISC OPERATING EXPENSES 587 67 520 3752364 3315189 363796 73379 851901 1571788 80008 375000 27344 23141 16105 233297 58036 183735 175261 20520 14480 1056156 2283127 19138 73829 28136 85586 47274 159415 X 1008882 1748712 375000 1008882 2123712 1056156 2283127 X 1253857 -139027 X X 0 1 X 0 0 X 280250 2534174 3018431 5832855 215518 2125737 2341255 280250 2749692 5144168 8174110 280000 2220000 1587597 4087597 0 280000 2220000 1587597 4087597 4086513 8 8 8 8 280250 2749692 5144176 8174118 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 126099 36643 89456 107198 21393 85805 175261 X 5474328 468107 468107 5006221 0 5006221 4220471 468107 468107 3752364 0 3752364 PART X, LINE 2: POE RECOGNIZES THE EFFECT OF INCOME TAX POSITIONS ONLY IF THOSE POSITIONS ARE MORE LIKELY THAN NOT TO BE SUSTAINED. MANAGEMENT HAS DETERMINED THAT POE HAD NO UNCERTAIN TAX POSITIONS THAT WOULD REQUIRE FINANCIAL STATEMENT RECOGNITION OR DISCLOSURE. POE IS SUBJECT TO EXAMINATIONS BY THE APPLICABLE TAXING JURISDICTIONS FOR PERIODS SINCE INCEPTION. X 4 370054 FMV X SEWING MACHINE 1 13500 COST 0 0 0 0 PART I, COLUMN (B): THE NUMBER OF CONTRIBUTORS IS DISCLOSED IN COLUMN (B). FORM 990, PART VI, SECTION A, LINE 2 VALERIE JENSEN, FOUNDER AND EXECUTIVE DIRECTOR, AND REBECCA CIOTA, PRESIDENT AND BOARD MEMBER, HAVE A FAMILY AND BUSINESS RELATIONSHIP. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS (THE "MEMBERS"). IF AT ANY TIME THE CORPORATION DOES NOT HAVE AT LEAST ONE MEMBER AND NO SUCCESSOR MEMBER HAS EFFECTIVELY BEEN ELECTED OR APPOINTED, THE CORPORATION SHALL CEASE TO BE A CORPORATION THAT HAS MEMBERS. THE INITAL MEMBER IS REBECCA CIOTA. FORM 990, PART VI, SECTION A, LINE 7A EACH MEMBER SHALL BE ENTITLED THE EXCLUSIVE RIGHT TO VOTE FOR THE ELECTION OF DIRECTORS, FILL VACANCIES ON THE BOARD, AND FROM TIME TO TIME, BY RESOLUTION, TO INCREASE OR DECREASE THE NUMBER OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B FOR SO LONG AS THE CORPORATION SHALL HAVE AT LEAST ONE MEMBER, THE RIGHTS OF THE MEMBERS SHALL INCLUDE: THE EXCLUSIVE POWER TO AMEND OR REPEAL THE CORPORATION'S BYLAWS; THE RIGHT TO REMOVE DIRECTORS, WITH OR WITHOUT CAUSE; THE RIGHT TO VOTE ON (I) AMENDMENTS TO THE CERTIFICATE OF INCORPORATION, (II) PROPOSALS TO DISSOLVE THE CORPORATION AND PLANS TO LIQUIDATE ITS ASSETS, (III) ANY PLAN OF MERGER NOT DESCRIBED IN SECTION 33-1156(8) OF THE ACT, AND (IV) ANY DISPOSITION OF THE CORPORATION'S ASSETS DESCRIBED IN SECTION 33-1166 OF THE ACT. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11 PROSPECTS, OPPORTUNITY AND ENRICHMENT, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE PRESIDENT AND TREASURER, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN IT IS FILED WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE STATEMENTS: EACH DIRECTOR AND EACH OFFICER SHALL ANNUALLY SIGN A STATEMENT, CONFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; HAS READ, UNDERSTANDS, AND AGREES TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE CORPORATION IS A 501(C)(3) TAX-EXEMPT CHARITABLE ORGANIZATION WHICH, TO MAINTAIN ITS 501(C)(3) TAX-EXEMPT STATUS, MUST BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AND MUST COMPLY WITH THE LAWS GOVERNING CHARITABLE ORGANIZATIONS; AND DISCLOSING THE CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST OF WHICH HE OR SHE IS AWARE. DISCLOSURE REQUIRED: AN OFFICER OR DIRECTOR SHALL DISCLOSE TO THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") WHEN ANY PROPOSED TRANSACTION OR ARRANGEMENT, INCLUDING ANY GRANT, PENDING OR TO BE BROUGHT BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD (A "COMMITTEE") INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO THAT OFFICER OR DIRECTOR. OR ANY OTHER OFFICER OR DIRECTOR, OR INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO AN INDIVIDUAL OR ENTITY WITH WHICH THAT DIRECTOR OR OFFICER, OR ANY OTHER OFFICER OR DIRECTOR, HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP (A "CONFLICT OF INTEREST MATTER"). REVIEW REQUIRED OF PROPOSED TRANSACTIONS AND ARRANGEMENTS: THE BOARD SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS, OR SHOULD BE TREATED AS, A CONFLICT OF INTEREST MATTER, AND IDENTIFY ANY DIRECTOR WHO HAS A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN OR WHO HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP WITH AN INDIVIDUAL OR ENTITY HAVING A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN, WHICH RELATIONSHIP WOULD, IN THE CIRCUMSTANCES, REASONABLY BE EXPECTED TO EXERT AN INFLUENCE ON THE DIRECTOR'S JUDGMENT WHEN VOTING THEREON (AN "INTERESTED DIRECTOR"). PROHIBITED CONFLICT OF INTEREST MATTERS: NO DIRECTOR MAY VOTE TO APPROVE A CONFLICT OF INTEREST MATTER THAT HE OR SHE KNOWS IS AN EXCESS BENEFIT TRANSACTION FOR WHICH THE MANAGEMENT OF THE CORPORATION MAY BE LIABLE FOR AN EXCISE TAX UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ESTABLISH AND DOCUMENT FAIRNESS: THE BOARD OR ITS AUTHORIZED COMMITTEE OR THE OFFICER OF THE CORPORATION TO WHOM SUCH TASK IS DELEGATED SHALL MAKE A REASONABLE EFFORT TO ESTABLISH AND DOCUMENT THE FAIRNESS OF THE TRANSACTION OR ARRANGEMENT AND THAT THE AMOUNT OF ANY COMPENSATION, REIMBURSEMENT OR PAYMENT IS NOT EXCESSIVE (THE SCOPE OF SUCH EFFORT BEING DETERMINED BY THE SIZE AND CIRCUMSTANCES OF THE TRANSACTION OR ARRANGEMENT). DOCUMENT MANNER OF DETERMINATION: THE BOARD OR ITS AUTHORIZED COMMITTEE SHALL INDICATE IN THE MINUTES OF THE MEETING: (A) THE NAMES OF ANY DIRECTORS AND OFFICERS WHO MIGHT HAVE A PERSONAL FINANCIAL INTEREST DIRECTLY OR INDIRECTLY IN THE CONFLICT OF INTEREST MATTER AND THE NATURE OF THEIR INTEREST, (B) WHETHER ANY INTERESTED DIRECTOR PARTICIPATED IN THE DISCUSSION OF THE MERITS OF OR THE VOTE ON THE CONFLICT OF INTEREST MATTER, (C) A SUMMARY OF THE TERMS AND MERITS OF THE TRANSACTION OR ARRANGEMENT, AND (D) A RECORD OF THE VOTE THEREON. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE A PART OF THE ORGANIZATION'S EXEMPTION APPLICATION, COPIES OF WHICH ARE AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES, UPON REQUEST, OF ITS MOST RECENT THREE YEARS OF ANNUAL RETURNS. FORM 990, PART XI, LINE 9: ADJUSTMENT DUE TO CHANGE IN ACCOUNTING METHOD -139,027. FORM 990, PART XI, LINE 9: IN 2015, THE ORGANIZATION CHANGED ITS METHOD OF ACCOUNTING FROM CASH TO ACCRUAL. THIS RESULTED IN AN ADJUSTMENT OF $(139,026) TO OPENING NET ASSETS. THE PROSPECTOR FOUNDATION INC 421-B MAIN STREET RIDGEFIELD CT 06877 454561656 PROPERTY DEVELOPMENT FOR USE IN THE EMPLOYMENT OF ADULTS WITH DISABILITIES CT 501(C)(3) PF PROSPECTS OPPORTUNITY AND ENRICHMENT INC 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0