Nonprofit · EIN 31-1388960
PROSPECT FOUNDATION INC
Tax-exempt · CINCINNATI, OH 45205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $124,361 | $47,072 | $77,289 | $1,068,878 | $766,330 | $302,548 |
| June 30, 2024 | 990 | $116,632 | $43,230 | $73,402 | $945,218 | $723,199 | $222,019 |
| June 30, 2023 | 990 | $82,820 | $45,468 | $37,352 | $827,684 | $679,067 | $148,617 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $124,361
- Net gain from sales of assets
- $99,976
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $43,286
- Management and general (functional)
- $3,786
Balance sheet and other
- Total assets, start of year
- $945,218
- Total assets, end of year
- $1,068,878
- Total liabilities, end of year
- $766,330
- Net assets, end of year
- $302,548
- Publicly traded securities
- $1,067,923
- Net assets without donor restrictions
- $302,548
- Gross receipts
- $124,361
- Employees
- 0
- Volunteers
- 3
- Year formed
- 1992
- State of legal domicile
- OH
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 June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Carla Patrick | Director of Finance Officer | 1 | $0 | $97,166 |
| Bill Farmer | Executive Director Officer | 1 | $0 | $69,786 |
| Richard Curry | Secretary/Treasurer Trustee or director, Officer | 1 | $0 | $0 |
| Rob Sauerland | President Trustee or director, Officer | 1 | $0 | $0 |
| Brian Chapman | Vice President Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DAVID LOGAN | FORMER MEMBER Former | 10 | $0 | $25,025 |
| RICHARD CURRY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROB SAUERLAND | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CHAPMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DAVID LOGAN | FORMER MEMBER Former | 10 | $0 | $32,316 |
| RICHARD CURRY | SECRETARY/TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| ROB SAUERLAND | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BRIAN CHAPMAN | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 682 HAWTHORNE AVE, CINCINNATI, OH 45205-2319
- In care of
- % DAVID F LOGAN
- Principal officer (990 for 2024)
- Carla Patrick, 682 Hawthorne Avenue, Cincinnati, OH 45205
- Signed the 990
- Carla Patrick, Director of Finance
- Phone
- (513) 921-1613
- Return prepared by
- Barnes Dennig & Co LTD
Mission
Prospect foundation is a supporting organization of prospect house. The prospect foundation is organized and operated for the benefit of prospect house. Prospect house is a section 501 (c) public organization that was formed to provide a recovery facility for chemically dependent men.
Program accomplishments
- To support affiliate-Prospect House, Inc.Expenses $43,286
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 June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1388960
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $1,068,878
- Income (IRS master file)
- $124,361
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $124,361 | $47,072 | $1,068,878 | XML |
| 990 | June 2024 | $116,632 | $43,230 | $945,218 | XML |
| 990 | June 2023 | $82,820 | $45,468 | $827,684 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
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 31-1388960).
Questions about PROSPECT FOUNDATION INC
- What is the EIN of PROSPECT FOUNDATION INC?
- The employer identification number (EIN) of PROSPECT FOUNDATION INC is 31-1388960.
- Is PROSPECT FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to PROSPECT FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- 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 2025 (the year ending June 30, 2026) is due November 16, 2026. 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 for the year ended June 2025.
- Who is the principal officer of PROSPECT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names Carla Patrick.
- Who are the officers and directors of PROSPECT FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 5 people; 0 received compensation from the organization.
- How much revenue does PROSPECT FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $124,361, expenses of $47,072 and total assets of $1,068,878 at year end.
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