Overview
What is Prosperity Connection?
Prosperity Connection is a nonprofit organization situated in St. Louis, Missouri, specifically at 1310 PAPIN ST 403, St. Louis. Their mission is to foster economic success for the entire St. Louis region, achieving this goal by offering financial education and providing access to dependable financial products and services. Their primary activity involves offering personalized, in-depth coaching sessions to individuals, which are accessible through partner referrals and their own website. In the fiscal year 2022, this coaching program consisted of 1,308 sessions, benefiting 457 unique clients. With a team of 14 dedicated employees, Prosperity Connection aims to empower the community in managing their finances effectively.
Official website here: www.prosperityconnection.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 84% (Three-Star out of Four Star rating). Prosperity Connection's score indicates a solid level of accountability and financial health, derived entirely from its Accountability & Finance metrics. The charity has excelled in several areas, including having a fully independent board and a low liabilities-to-assets ratio, which showcases its financial stability.
The organization has demonstrated strong adherence to financial oversight, with a well-established audit and oversight committee. Notably, it has no documented incidents of asset diversion, contributing positively to its overall rating. However, the absence of a conflict of interest policy, whistleblower policy, and document retention policy has been highlighted as limitations in its governance practices.
With a program expense ratio of nearly 70%, Prosperity Connection allocates a significant portion of its resources directly to its programs, which reflects a commitment to its mission. While the overall rating is commendable, addressing the gaps in governance policies could further enhance its accountability and transparency.
This AI summary has been generated from information found on Charity Navigator.
Is Prosperity Connection legitimate?
Prosperity Connection is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperity Connection submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $166,361
Professional Fundraising Fees: $0
Other Salaries and Wages: $475,224
For more financial information, click here
Official website here: www.prosperityconnection.org
What is the mission statement of Prosperity Connection?
Prosperity Connection, as an organization, aims to foster economic success for everyone within its operational region. This is achieved by providing comprehensive financial education and facilitating access to reliable financial products and services. The organization accomplishes this through its coaching program, offering personalized, goal-oriented sessions to clients, either through referrals or directly through their website. In the fiscal year 2022, Prosperity Connection conducted 1,308 coaching sessions, reaching 457 unique clients.
Official website here: www.prosperityconnection.org
Who is the CEO of Prosperity Connection?
Katherine D Siddens is the Chairperson of Prosperity Connection.
Official website here: www.prosperityconnection.org
What is the revenue of Prosperity Connection?
Prosperity Connection's revenue in 2022 was $1,205,723.
Official website here: www.prosperityconnection.org
Who are the executives of Prosperity Connection and what are their salaries?
The average compensation at Prosperity Connection during 2022 was $45,828. There are 14 employees and 35 volunteers at Prosperity Connection.
Here are 9 key members and their salaries:
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- Compensation: $138,781
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- Other: $27,580
Official website here: www.prosperityconnection.org
Where can I find the form 990 for Prosperity Connection?
Prosperity Connection's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperityconnection.org
Learn more at the official website: www.prosperityconnection.org
Mission Statement of Prosperity Connection
Prosperity Connection, a nonprofit organization, is committed to fostering economic success across the St. Louis region. They achieve this goal by offering financial education and providing access to reliable financial products and services. The organization's mission is twofold: first, to educate individuals in financial matters, and second, to make these essential financial tools and resources readily available to them.
To execute this mission, Prosperity Connection offers in-depth, personalized coaching sessions. These one-on-one consultations, which are initiated through partner referrals and the organization's website, are tailored to each client's unique circumstances and financial objectives. In the fiscal year 2022 alone, this coaching program conducted 1,308 sessions, serving a total of 457 unique clients. By doing so, Prosperity Connection plays a significant role in empowering individuals to take control of their financial future and ultimately achieve sustainable economic success.
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Impact
July, 2024
Prosperity Connection's impact can be seen in the increased economic success of individuals in the St. Louis region. Through their coaching program, they have provided in-depth, personalized coaching to individuals, helping them achieve their financial goals. In the fiscal year 2022 alone, they conducted 1,308 coaching sessions reaching 457 unique clients. By promoting financial education and providing access to reliable financial products and services, Prosperity Connection is empowering individuals to improve their financial well-being and create a more prosperous future for themselves.
This information is meant to be a general summary of Prosperity Connection. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,302
- Program Service Revenue: $107,509
- Gross Receipts: $1,205,723
Assets and Liabilities:
- Total Assets: $1,519,745
- Total Liabilities: $149,130
- Net Assets: $1,370,615
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
SERVICE FEES
Revenue
$107,509
Organization Details
Founding Year
2009
Phone
(314) 499-9698Principal Officer
Katherine D Siddens
Main Address
1310 PAPIN ST 403, ST LOUIS, MO, 63103
Website
www.prosperityconnection.orgNTEE Category
Code: P51 - Human services
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