Overview
What is Prosperity Denver Fund?
Prosperity Denver Fund is a nonprofit organization based in Denver, Colorado. Its primary objective is to expand access to post-high school education for Denver residents and increase their education completion rate. By doing so, the organization aims to enhance the economic security and mobility of Denver residents and contribute to a stronger workforce and economy in Denver. In the year 2022, the Prosperity Denver Fund distributed over $5 million in reimbursements to 27 supported organizations, benefiting more than 1,800 scholars. The organization continues to collaborate with stakeholders to implement strategies for increasing the amount of funds distributed and scholars served. With a team of 3 dedicated employees, the Prosperity Denver Fund remains committed to its mission.
Official website here: www.prosperitydenverfund.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 100%, Four-Star out of Four Stars
The Prosperity Denver Fund has received a top-tier rating of 100%, highlighting its exemplary performance in accountability and finance. This rating is significant as it reflects the organization's commitment to responsible management, transparency, and effective use of resources. The score is derived entirely from a single beacon score, emphasizing the Fund’s strong financial practices, which are crucial for gaining public trust in nonprofit organizations.
The organization showcases several strengths, including a fully independent board, with all members demonstrating a commitment to governance. Their financial oversight is robust, evidenced by the presence of an Audit and Oversight Committee and a high program expense ratio of over 90%. This indicates that a substantial portion of their funds is directed towards programmatic activities rather than administrative costs, which aligns well with the mission-driven nature of nonprofits.
While the Prosperity Denver Fund excels in transparency and fiscal responsibility, the data does not highlight any areas of concern or limitations in their operations. This comprehensive performance paints a positive picture of the organization’s effectiveness and reliability in fulfilling its mission to enhance community prosperity.
This AI summary has been generated from information found on Charity Navigator.
Is Prosperity Denver Fund legitimate?
Prosperity Denver Fund is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prosperity Denver Fund 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: $270,192
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.prosperitydenverfund.org
What is the mission statement of Prosperity Denver Fund?
The Prosperity Fund aims to expand access to post-high school education for individuals residing in the targeted area and increase their education completion rate. By investing in the education of these residents, the Fund intends to enhance their economic security and mobility, as well as strengthen the local workforce and economy. In 2022, the Prosperity Fund distributed over $5 million, supporting more than 1,800 scholars across various organizations. The Fund continues to collaborate with stakeholders to develop and implement strategies to distribute more funds and serve a larger number of scholars.
Official website here: www.prosperitydenverfund.org
Who is the CEO of Prosperity Denver Fund?
Matt Jordan is the Ceo of Prosperity Denver Fund. The CEO's salary of Prosperity Denver Fund is $167,885 and their total compensation is $167,885.
Official website here: www.prosperitydenverfund.org
What is the revenue of Prosperity Denver Fund?
Prosperity Denver Fund's revenue in 2022 was $14,622,453.
Official website here: www.prosperitydenverfund.org
Who are the executives of Prosperity Denver Fund and what are their salaries?
The average compensation at Prosperity Denver Fund during 2022 was $90,064. There are 3 employees at Prosperity Denver Fund.
Here are 8 key members and their salaries (Prosperity Denver Fund's CEO's salary is $167,885 and their total compensation is $167,885):
- Compensation: $167,885
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
Official website here: www.prosperitydenverfund.org
Where can I find the form 990 for Prosperity Denver Fund?
Prosperity Denver Fund's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.prosperitydenverfund.org
Learn more at the official website: www.prosperitydenverfund.org
Mission Statement of Prosperity Denver Fund
Prosperity Denver Fund, a dedicated organization, strives to expand post-high school educational opportunities for Denver residents and increase their completion rates. This mission is an investment in the residents of Denver, enhancing their economic security and mobility while fortifying Denver's workforce and economy.
Through strategic collaborations with various stakeholders, Prosperity Denver Fund has distributed millions in reimbursements to over 27 supported organizations since 2022, benefiting more than 1,800 scholars. The organization's unwavering commitment to education access is vital in enabling Denver residents to reach their full potential.
Prosperity Denver Fund's mission is twofold. First, it aims to broaden access to post-secondary education for Denver residents, ensuring that no individual is left behind in their pursuit of knowledge and skills. Second, it strives to increase education completion rates, enabling scholars to reap the rewards of their hard work and dedication. This investment not only benefits the scholars but also strengthens the economic fabric of Denver by cultivating a skilled and educated workforce.
Prosperity Denver Fund's unwavering dedication to the education and economic advancement of Denver residents has been evident through its successful reimbursement programs. As it continues to develop and implement strategies to increase the amount of funds distributed and scholars served, the organization remains a beacon of hope for those seeking to transform their lives and contribute to the prosperity of their community.
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Impact
October, 2024
The Prosperity Denver Fund significantly enhances access to post-high school education for residents of Denver, directly impacting educational completion rates and economic mobility. By investing in education, the Fund works to strengthen Denver's workforce and overall economy.
In 2022, the Fund successfully executed its fourth round of reimbursements, distributing over $5 million to 27 supported organizations and benefiting more than 1,800 scholars. This substantial financial support illustrates a sustained commitment to increasing educational access and outcomes for the community. Through collaboration with various stakeholders, the Prosperity Denver Fund aims to further increase the distribution of funds and the number of scholars served, ultimately contributing to enhanced economic security for Denver residents.
This information is meant to be a general summary of Prosperity Denver Fund. 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: $125,251
- Gross Receipts: $14,622,453
Assets and Liabilities:
- Total Assets: $29,340,017
- Total Liabilities: $5,409,471
- Net Assets: $23,930,546
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Organization Details
Founding Year
2019
Principal Officer
Matt Jordan
Main Address
PO BOX 7609, DENVER, CO, 80207
Website
www.prosperitydenverfund.orgNTEE Category
Code: B82 - Education
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