Nonprofit · EIN 47-4364468
THE PROSPERITY FOUNDATION INC
Tax-exempt · NEW HAVEN, CT 06511
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $2,714,369 | $3,163,028 | -$448,659 | $2,211,727 | $23,612 | $2,188,115 |
| December 31, 2023 | 990 (amended) | $1,796,845 | $1,077,594 | $719,251 | $3,994,512 | $1,550,680 | $2,443,832 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,616,156
- of which government grants
- $2,503,648
- Program service revenue
- $0
- Investment income
- $98,213
- Net gain from sales of assets
- $76,634
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $2,212,133
- Compensation of officers, directors and key employees
- $95,204
- Other salaries and wages
- $52,621
- Salaries, compensation and benefits (total)
- $159,185
- Professional fundraising fees
- $0
- Program services (functional)
- $2,964,673
- Management and general (functional)
- $198,355
Balance sheet and other
- Total assets, start of year
- $3,994,512
- Total assets, end of year
- $2,211,727
- Total liabilities, end of year
- $23,612
- Net assets, end of year
- $2,188,115
- Publicly traded securities
- $2,077,870
- Net assets without donor restrictions
- $2,188,115
- Gross receipts
- $2,714,369
- Employees
- 3
- Volunteers
- 0
- Year formed
- 2015
- State of legal domicile
- CT
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, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ORSELLA HUGHES | EXECUTIVE DIRECTOR Officer | 40 | $88,259 | $6,945 |
| HOWARD HILL | CHAIR/PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| LARRY CONAWAY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DONNA LECKY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIENNE COCHRANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 6 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ORSELLA HUGHES | EXECUTIVE DIRECTOR Officer | 40 | $99,090 | $910 |
| HOWARD HILL | CHAIR/PRESIDENT Trustee or director, Officer | 5 | $0 | $0 |
| LARRY CONAWAY | VICE PRESIDENT Trustee or director, Officer | 3 | $0 | $0 |
| DONNA LECKY | TREASURER Trustee or director, Officer | 3 | $0 | $0 |
| BRIAN COOK | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ADRIENNE COCHRANE | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1287 CHAPEL ST, NEW HAVEN, CT 06511-4514
- Mailing address (990-N for 2015)
- 1287 Chapel Street, New Haven CT 06511
- Principal officer (990 for 2024)
- DONNA MULLEN-LECKY, 1287 CHAPEL STREET, NEW HAVEN, CT 06511
- Principal officer (990-N for 2015)
- Howard K Hill, 1287 Chapel Street, New Haven CT 06511
- Signed the 990
- DONNA MULLEN-LECKY, EXECUTIVE DIRECTOR
- Phone
- (203) 909-1315
- Return prepared by
- WHITTLESEY PC
Mission
CULTIVATE AND GROW BLACK COMMUNITIES IN CONNECTICUT THROUGH CAPACITY-BUILDING SOLUTIONS. OUR MISSION IS TO CREATE A BRIGHTER FUTURE FOR ALL COMMUNITY MEMBERS AND WORK TOWARD A MORE EQUITABLE SOCIETY FOR EVERYONE.
Program accomplishments
- IN 2024, WE PROVIDED RESOURCES, TRAINING, AND SUPPORT TO COMMUNITY LEADERS, BUSINESSES, AND ORGANIZATIONS COMMITTED TO MAKING A POSITIVE IMPACT. THROUGH THESE EFFORTS, WE INSTILL PRIDE AND RESILIENCE WITHIN THESE COMMUNITIES WHILE PROMOTING ECONOMIC GROWTH AND SOCIAL PROGRESS.Expenses $2,964,673 · grants $2,212,133
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 | Not 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
- 47-4364468
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,211,727
- Income (IRS master file)
- $2,714,369
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $1,956,036 | $1,997,999 | $3,994,512 | IRS |
| 990 | December 2022 | $1,820,718 | $545,536 | $1,929,277 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Howard K Hill | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about THE PROSPERITY FOUNDATION INC
- What is the EIN of THE PROSPERITY FOUNDATION INC?
- The employer identification number (EIN) of THE PROSPERITY FOUNDATION INC is 47-4364468.
- Is THE PROSPERITY FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to THE PROSPERITY FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does THE PROSPERITY 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 THE PROSPERITY FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did THE PROSPERITY FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of THE PROSPERITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 names DONNA MULLEN-LECKY.
- Who are the officers and directors of THE PROSPERITY FOUNDATION INC?
- The 990 for the year ended December 31, 2024 lists 6 people; 1 received compensation from the organization, the highest $88,259 (ORSELLA HUGHES, EXECUTIVE DIRECTOR).
- How much revenue does THE PROSPERITY FOUNDATION INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $2,714,369, expenses of $3,163,028 and total assets of $2,211,727 at year end.
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