Nonprofit · EIN 20-5278991
PROSPECT FOUNDATION INC
Tax-exempt · LOUISVILLE, KY 40218
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990-EZ | $58,432 | $47,937 | $10,495 | $193,832 | $0 | $198,688 |
| December 31, 2023 | 990-EZ | $75,207 | $53,794 | $21,413 | $199,756 | $0 | $200,090 |
Financial details: 990-EZ for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $21,905
- Investment income
- $8,856
- Other revenue
- $27,671
Expenses
- Grants and similar amounts paid
- $3,880
- Compensation of officers, directors and key employees
- $18,000
- Professional fees and payments to contractors
- $18,205
- Occupancy
- $13,202
- Printing, publications and postage
- $32
- Other expenses
- $12,618
- Program services (functional)
- $38,986
Balance sheet and other
- Total assets, start of year
- $188,193
- Total assets, end of year
- $193,832
- Total liabilities, end of year
- $0
- Net assets, end of year
- $198,688
- Cash, savings and investments
- $58,380
- Land and buildings
- $135,452
- Gross receipts
- $58,432
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-EZ for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| HABIBULLAH MURSEL | DIRECTOR | 8 | $18,000 |
| ISMAIL MADZHITOV | PRESIDENT | 2 | $0 |
| BOKHODIR MAMEDOV | VICE PRESIDENT | 2 | $0 |
| YUNUS CHALAYEV | SECRETARY | 2 | $0 |
| HAMZA SAFAROV | TREASURER | 2 | $0 |
| CUNEYT TEGIN | MEMBER | 2 | $0 |
990-EZ for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ISMAIL MADZHITOV | PRESIDENT | 2 | $0 |
| BOKHODIR MAMEDOV | VICE PRESIDENT | 2 | $0 |
| YUNUS CHALAYEV | SECRETARY | 2 | $0 |
| HAMZA SAFAROV | TREASURER | 2 | $0 |
| CUNEYT TEGIN | DIRECTOR | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 4711 PROGRESS BLVD, LOUISVILLE, KY 40218-3423
- In care of
- % ISMAIL MADZHITOV
- Mailing address (990-N for 2024)
- 4711 PROGRESS BLVD, LOUISVILLE KY 40218
- Principal officer (990-N for 2024)
- ISMAIL MADZHITOV, 4711 PROGRESS BLVD, LOUISVILLE KY 40218
- Signed the 990-EZ
- ISMAIL MADZHITOV, PRESIDENT
- Return prepared by
- CONFIDENCE ACCOUNTING SERVICES LLC
Mission
Educational and religious activities in own facility
Program accomplishments
- Religious and Educational activities in its own facility.Expenses $38,986
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990-EZ on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-N on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 20-5278991
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Arts, culture and humanities (A23)
- Assets (IRS master file)
- $193,832
- Income (IRS master file)
- $58,432
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | December 2025 | $58,432 | $47,937 | $193,832 | IRS |
| 990-N for 2024 Officer: ISMAIL MADZHITOV | December 31, 2024 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-EZ | December 2023 | $75,207 | $53,794 | $199,756 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: Cuneyt Tegin | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Cuneyt Tegin | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5278991).
Questions about PROSPECT FOUNDATION INC
- What is the EIN of PROSPECT FOUNDATION INC?
- The employer identification number (EIN) of PROSPECT FOUNDATION INC is 20-5278991.
- Is PROSPECT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to PROSPECT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPECT FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROSPECT FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPECT FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended December 2025.
- Who is the principal officer of PROSPECT FOUNDATION INC?
- The 990-N for 2024 names ISMAIL MADZHITOV.
- Who are the officers and directors of PROSPECT FOUNDATION INC?
- The 990-EZ for the year ended December 31, 2025 lists 6 people; 1 received compensation from the organization, the highest $18,000 (HABIBULLAH MURSEL, DIRECTOR).
- How much revenue does PROSPECT FOUNDATION INC have?
- On its 990-EZ for the year ended December 31, 2025 it reported revenue of $58,432, expenses of $47,937 and total assets of $193,832 at year end.
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