Nonprofit · EIN 26-3542359
POVERTY 2 PROSPERITY INC
Tax-exempt · MENLO PARK, CA 94025
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $426,600 | $240,454 | $186,146 | $356,601 | $0 | $356,601 |
| December 31, 2024 | 990 | $319,276 | $283,049 | $36,227 | $170,455 | $0 | $170,455 |
| December 31, 2023 | 990 | $290,655 | $217,889 | $72,766 | $134,228 | $0 | $134,228 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $170,780
- Program service revenue
- $252,897
- Investment income
- $2,923
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $238,721
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $41
- Travel
- $250
- Program services (functional)
- $239,663
- Fundraising (functional)
- $791
Balance sheet and other
- Total assets, start of year
- $170,455
- Total assets, end of year
- $356,601
- Total liabilities, end of year
- $0
- Net assets, end of year
- $356,601
- Net assets without donor restrictions
- $356,601
- Gross receipts
- $426,600
- Employees
- 0
- Volunteers
- 8
- Year formed
- 2008
- State of legal domicile
- CA
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 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Paterson | Founder & CEO Trustee or director, Officer, Key employee | 25 | $0 |
| Elaine Chan | Secretary Trustee or director, Officer | 10 | $0 |
| John Rehling | Board Director Trustee or director, Officer | 5 | $0 |
| Colette Bailey | Consultant Key employee | 40 | $0 |
990 for the year ended December 31, 2024: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Paterson | Founder & CEO Officer, Key employee | 25 | $0 |
| Elaine Chan | Secretary Officer | 5 | $0 |
| John Rehling | Board Director Officer | 5 | $0 |
| Colette Bailey | Consultant Key employee | 30 | $0 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Scott Paterson | Founder & CEO Officer | 30 | $0 |
| Elaine Chan | Secretary Officer | 10 | $0 |
| John Rehling | Board Director Officer | 10 | $0 |
| Colette Bailey | Consultant Key employee | 35 | $0 |
Address and contacts
- Address (IRS master file)
- 5 GREENWOOD PL, MENLO PARK, CA 94025-1706
- In care of
- % SCOTT PATERSON
- Mailing address (990-N for 2021)
- 5 Greenwood Place, Menlo Park CA 94025
- Principal officer (990 for 2025)
- Scott Paterson, 5 Greenwood Pl, Menlo Park, CA 94025
- Principal officer (990-N for 2021)
- Scott Paterson, 5 Greenwood Place, Menlo Park CA 94025
- Signed the 990
- Scott Paterson, CEO
- Phone
- (650) 444-1001
- Website
- Poverty2Prosperity.org
California records
California keeps its own records of charities and corporations. Search them by EIN 26-3542359 or by the name POVERTY 2 PROSPERITY INC.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
Make 0% Interest Loans to the Working Poor.
Program accomplishments
- We have a 98.92% repayment rate for our 0% interest loans made across our main funds (General, Women's, Education).Expenses $139,663
- We have a 98.92% repayment rate for our 0% interest loans made across our main funds (Youth and Single Parents). As soon as repayments are made, we put them back out into new loans.Expenses $50,000
- We have a 98.92% repayment rate for our 0% interest loans made across our main funds (Artisans and Climate Change). As soon as repayments are made, we put them back out into new loans.Expenses $50,000
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 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 26-3542359
- 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)
- International, foreign affairs and national security (Q33)
- Assets (IRS master file)
- $356,601
- Income (IRS master file)
- $426,600
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $426,600 | $240,454 | $356,601 | IRS |
| 990 | December 2024 | $319,276 | $283,049 | $170,455 | IRS |
| 990 | December 2023 | $290,655 | $217,889 | $134,228 | XML |
| 990-EZ | December 2022 | – | – | – | IRS |
| 990-N for 2021 Officer: Scott Paterson | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2016 Officer: Scott Paterson | December 31, 2016 | ≤ $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 26-3542359).
Questions about POVERTY 2 PROSPERITY INC
- What is the EIN of POVERTY 2 PROSPERITY INC?
- The employer identification number (EIN) of POVERTY 2 PROSPERITY INC is 26-3542359.
- Is POVERTY 2 PROSPERITY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to POVERTY 2 PROSPERITY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does POVERTY 2 PROSPERITY 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 POVERTY 2 PROSPERITY 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 POVERTY 2 PROSPERITY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of POVERTY 2 PROSPERITY INC?
- The 990 for the year ended December 31, 2025 names Scott Paterson.
- Who are the officers and directors of POVERTY 2 PROSPERITY INC?
- The 990 for the year ended December 31, 2025 lists 4 people; 0 received compensation from the organization.
- How much revenue does POVERTY 2 PROSPERITY INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $426,600, expenses of $240,454 and total assets of $356,601 at year end.
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All nonprofits in MENLO PARK · California · International, foreign affairs and national security