Nonprofit · EIN 52-1141804
PROSPERITY NOW
Tax-exempt · WASHINGTON, DC 20005
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $14,096,149 | $19,551,072 | -$5,454,923 | $13,716,505 | $8,229,391 | $5,487,114 |
| December 31, 2023 | 990 | $20,410,607 | $25,139,910 | -$4,729,303 | $24,905,014 | $13,637,598 | $11,267,416 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $13,458,732
- Program service revenue
- $418,130
- Investment income
- $207,103
- Net gain from sales of assets
- $77,833
- Other revenue
- $12,184
Expenses
- Grants and similar amounts paid
- $2,138,661
- Compensation of officers, directors and key employees
- $865,254
- Other salaries and wages
- $5,934,148
- Salaries, compensation and benefits (total)
- $8,072,701
- Professional fundraising fees
- $165,313
- Legal fees
- $171,590
- Accounting fees
- $77,798
- Occupancy
- $902,956
- Travel
- $747,278
- Depreciation
- $1,169
- Program services (functional)
- $14,835,036
- Management and general (functional)
- $3,400,145
- Fundraising (functional)
- $1,315,891
Balance sheet and other
- Total assets, start of year
- $24,905,014
- Total assets, end of year
- $13,716,505
- Total liabilities, end of year
- $8,229,391
- Net assets, end of year
- $5,487,114
- Publicly traded securities
- $3,954,490
- Net assets without donor restrictions
- -$830,903
- Net assets with donor restrictions
- $6,318,017
- Gross receipts
- $14,256,038
- Employees
- 84
- Volunteers
- 12
- Year formed
- 1979
- State of legal domicile
- DC
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 |
|---|---|---|---|---|
| MARISA CALDERON | PRESIDENT & CEO Officer | 40 | $386,330 | $37,029 |
| JAE HENDERSON | DIRECTOR OF PRODUCT Highest-paid employee | 40 | $231,126 | $27,672 |
| CHANDA LUPUNGA-PHILLIPS | VICE PRESIDENT OF ADMINISTRATION Key employee | 40 | $232,625 | $25,590 |
| SRINIVASA MALLAJOSYULA | DIRECTOR OF DATA Highest-paid employee | 40 | $234,030 | $22,401 |
| CHERIE COLLINS SIMS - CHIEF | STRAT. & INNOV. OFFICER (UNTIL 5/24) Highest-paid employee | 40 | $236,200 | $11,172 |
| MARY-FRANCES WAIN | CHIEF ENGAGEMENT OFF. (UNTIL 4/24) Highest-paid employee | 40 | $219,452 | $7,583 |
| JENNIFER MEDINA | SR. DIR. OF PROJECT MANAGEMENT Highest-paid employee | 40 | $186,578 | $19,240 |
| JENNIFER BROOME | VP, PHILANTHROPY (UNTIL 8/24) Key employee | 40 | $169,165 | $14,515 |
| COURTNEY HOWARD HODAPP | BOARD CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| RONALD GRZYWINSKI | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| JACKSON BROSSY | DIRECTOR (UNTIL 2/24) Trustee or director | 4 | $0 | $0 |
| ANNIE BURNS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GARNESHA EZEDIARO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DARLENE GOINS | DIRECTOR (UNTIL 6/24) Trustee or director | 4 | $0 | $0 |
| SERRA FALK GOLDMAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
4 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ROBIN MCKINNEY | DIRECTOR (UNTIL 2/24) Trustee or director | 4 | $0 |
| HORACIO MENDEZ | DIRECTOR Trustee or director | 4 | $0 |
| VICTOR REINOSO | DIRECTOR Trustee or director | 4 | $0 |
| BEA STOTZER | DIRECTOR Trustee or director | 4 | $0 |
990 for the year ended December 31, 2023: 23 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CHERIE COLLINS SIMS | CHIEF STRATEGY & INNOVATION OFFICER Highest-paid employee | 40 | $315,354 | $32,716 |
| GARY CUNNINGHAM | PRESIDENT & CEO (UNTIL 6/23) Officer | 40 | $288,886 | $36,382 |
| MARY-FRANCES WAIN | CHIEF ENGAGEMENT OFFICER Highest-paid employee | 40 | $282,695 | $26,325 |
| NATALIE EVANS HARRIS | EXECUTIVE DIRECTOR (UNTIL 5/23) Key employee | 40 | $252,589 | $16,199 |
| JENNIFER BROOME | VICE PRESIDENT, PHILANTHROPY Highest-paid employee | 40 | $238,122 | $24,006 |
| CHANDA LUPUNGA-PHILLIPS | VICE PRESIDENT, TALENT & CULTURE Highest-paid employee | 40 | $202,443 | $29,790 |
| DOUGLAS RYAN | VP, POLICY APPLIED RESEARCH Highest-paid employee | 40 | $214,981 | $15,570 |
| JAE HENDERSON | DIRECTOR PRODUCT Key employee | 40 | $198,604 | $25,368 |
| TARA KENCHEN | COO (UNTIL 8/23) Officer | 40 | $164,751 | $15,183 |
| COURTNEY HOWARD HODAPP | CHAIR Trustee or director, Officer | 4 | $0 | $0 |
| HORACIO MENDEZ | TREASURER Trustee or director, Officer | 4 | $0 | $0 |
| RONALD GRZYWINSKI | SECRETARY Trustee or director, Officer | 4 | $0 | $0 |
| VICTOR REINOSO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JACKSON BROSSY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| ANNIE BURNS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| GARNESHA EZEDIARO | DIRECTOR Trustee or director | 4 | $0 | $0 |
| DARLENE GOINS | DIRECTOR Trustee or director | 4 | $0 | $0 |
| SERRA FALK GOLDMAN | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JADA GRANDY-MOCK | DIRECTOR Trustee or director | 4 | $0 | $0 |
| ROBIN MCKINNEY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| JOHN A POWELL | DIRECTOR Trustee or director | 4 | $0 | $0 |
| MEGAN SELBY | DIRECTOR Trustee or director | 4 | $0 | $0 |
| BEA STOTZER | DIRECTOR Trustee or director | 4 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1200 G ST NW STE 800, WASHINGTON, DC 20005-6705
- Principal officer (990 for 2024)
- MARISA CALDERON, 1200 G STREET NW 400, WASHINGTON, DC 20005
- Signed the 990
- MARISA CALDERON, PRESIDENT & CEO
- Phone
- (202) 408-9788
- Website
- WWW.PROSPERITYNOW.ORG
- Return prepared by
- GELMAN ROSENBERG & FREEDMAN
Mission
PROSPERITY NOW INSPIRES BOLD ACTION AND PROVIDES ORGANIZATIONS WITH THE TOOLS, RESEARCH, AND RESOURCES NEEDED TO HELP PEOPLE BUILD PROSPERITY SO EVERYONE CAN THRIVE.
Program accomplishments
- BUILDING HOUSEHOLD STABILITY THROUGH RESEARCH AND COLLABORATION:PROSPERITY NOW DRAWS ON LOCAL EXPERIENCE AND DATA TO STUDY FINANCIAL CHALLENGES AND IDENTIFY PRACTICAL SOLUTIONS THAT HELP HOUSEHOLDS BUILD STABILITY AND SECURITY. OUR CONNECTION WITH PRACTITIONERS ACROSS THE COUNTRY PROVIDES VALUABLE INSIGHTS ABOUT EMERGING RISKS AND OPPORTUNITIES FACING COMMUNITIES. WE INTEGRATE THESE INSIGHTS WITH RESEARCH AND ANALYSIS TO INFORM EVIDENCE-BASED STRATEGIES THAT STRENGTHEN FINANCIAL WELL-BEING.OUR WORK EXAMINES HOUSEHOLD CONDITIONS NATIONWIDE, DOCUMENTS INNOVATIVE PROGRAMS AND APPROACHES, AND BUILDS THE KNOWLEDGE BASE FOR WHAT WORKS IN PRACTICE WE SHARE THIS INFORMATION WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO INFORM DECISIONS THAT SUPPORT FAMILIES AND COMMUNITIES.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD COLLABORATION, PROSPERITY NOW HELPS STRENGTHEN PROGRAMS THAT PROMOTE SAVINGS, FINANCIAL CAPABILITY, AND ACCESS TO HOMEOWNERSHIP.Expenses $8,408,247 · grants $202,238
- RESEARCH AND FIELD ENGAGEMENT TO STRENGTHEN FINANCIAL SECURITY:PROSPERITY NOW SERVES AS A NATIONAL INTERMEDIARY CONNECTING RESEARCH, PRACTICE, AND INFORMATION-SHARING TO STRENGTHEN FINANCIAL STABILITY FOR INDIVIDUALS AND FAMILIES. WE PROVIDE CAPITAL, TECHNOLOGY, TRAINING, AND DATA-DRIVEN INSIGHTS TO HELP LOCAL ORGANIZATIONS STRENGTHEN PROGRAMS THAT BUILD HOUSEHOLD FINANCIAL STABILITY AND ECONOMIC OPPORTUNITY.THROUGH OUR NETWORK AND FIELD INSIGHTS, WE STUDY FINANCIAL CONDITIONS ACROSS ALL FIFTY STATES AND TERRITORIES, TRACK TRENDS THAT SHAPE HOUSEHOLD WELL-BEING, AND IDENTIFY STRATEGIES THAT IMPROVE OUTCOMES FOR FAMILIES AND COMMUNITIES. PROSPERITY NOW SHARES THESE FINDINGS WITH PUBLIC, PRIVATE, AND NONPROFIT PARTNERS TO SUPPORT INFORMED DECISION-MAKING AND PRACTICAL SOLUTIONS AT EVERY LEVEL.OUR WORK CENTERS ON FOUR KEY AREAS:- HOUSING & HOMEOWNERSHIP: EXPAND ACCESS TO STABLE HOUSING AND HOMEOWNERSHIP.- ENTREPRENEURSHIP & SMALL BUSINESS: INCREASE ACCESS TO RESPONSIBLE CAPITAL, SCALE JOB TRAINING, AND BUILD CAPACITY.- CHILD & FAMILY SUPPORT: ADVANCE EARLY SAVINGS, CHILD TAX CREDITS, AND PROGRAMS THAT PROMOTE FAMILY FINANCIAL STABILITY.- TAX OPPORTUNITY: IMPROVE ACCESS TO TAX-TIME BENEFITS AND SAVINGS FOR INDIVIDUALS AND FAMILIES.PROSPERITY NOW ALSO STRENGTHENS THE FIELD'S CAPACITY THROUGH TECHNOLOGY-ENABLED TOOLS AND SHARED RESOURCES THAT MAKE FINANCIAL COACHING, LENDING, AND DATA MANAGEMENT MORE EFFICIENT AND ACCESSIBLE FOR PRACTITIONERS NATIONWIDE.THROUGH THIS COMBINATION OF RESEARCH, EDUCATION, AND FIELD ENGAGEMENT, PROSPERITY NOW HELPS ORGANIZATIONS, FUNDERS, AND PUBLIC AGENCIES COORDINATE EFFORTS THAT CREATE STRONGER FINANCIAL FOUNDATIONS FOR COMMUNITIES.Expenses $4,312,401 · grants $1,909,214 · revenue $60,723
- PRACTITIONER CONVENINGS AND COMMUNICATIONS:PROSPERITY NOW CONNECTS ORGANIZATIONS, RESEARCHERS, AND PUBLIC LEADERS THROUGH CONVENINGS AND COMMUNICATION CHANNELS THAT ENCOURAGE LEARNING AND COLLABORATION. THESE EFFORTS STRENGTHEN THE FIELD BY SHARING DATA, TOOLS, AND REAL-WORLD EXPERIENCE THAT HELP PRACTITIONERS EXPAND FINANCIAL STABILITY FOR THE INDIVIDUALS AND FAMILIES THEY SERVE.THROUGH NATIONAL AND REGIONAL GATHERINGS, WEBINARS, AND PEER-LEARNING OPPORTUNITIES, PROSPERITY NOW PROVIDES SPACES FOR PRACTITIONERS ACROSS HOUSING, ENTREPRENEURSHIP, FAMILY SUPPORT, AND TAX OPPORTUNITY TO EXCHANGE IDEAS AND STRENGTHEN THEIR PROGRAMS.OUR COMMUNICATIONS WORK INFORMS AND EDUCATES A BROAD AUDIENCE OF STAKEHOLDERS BY TRANSLATING RESEARCH INTO ACCESSIBLE RESOURCES, ARTICLES, AND MULTIMEDIA CONTENT. WE ALSO SHARE PERSONAL STORIES THAT ILLUSTRATE HOW HOUSEHOLDS NAVIGATE FINANCIAL CHALLENGES AND OPPORTUNITIES, HELPING TO BUILD UNDERSTANDING AND SUPPORT FOR PRACTICAL, COMMUNITY-DRIVEN SOLUTIONS.ACROSS THESE ACTIVITIES, PROSPERITY NOW REMAINS FOCUSED ON CONNECTING PEOPLE, INFORMATION, AND IDEAS THAT ADVANCE HOUSEHOLD FINANCIAL SECURITY NATIONWIDE.Expenses $2,114,388 · grants $27,209 · revenue $357,407
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
- 52-1141804
- 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
- 1980
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31Z)
- Assets (IRS master file)
- $13,716,505
- Income (IRS master file)
- $14,256,038
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $14,096,149 | $19,551,072 | $13,716,505 | XML |
| 990 | December 2023 | $20,410,607 | $25,139,910 | $24,905,014 | XML |
| 990 | December 2022 | $17,231,034 | $24,165,756 | $25,395,474 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 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 52-1141804).
Questions about PROSPERITY NOW
- What is the EIN of PROSPERITY NOW?
- The employer identification number (EIN) of PROSPERITY NOW is 52-1141804.
- Is PROSPERITY NOW tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to PROSPERITY NOW tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPERITY NOW 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 PROSPERITY NOW 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 PROSPERITY NOW 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 PROSPERITY NOW?
- The 990 for the year ended December 31, 2024 names MARISA CALDERON.
- Who are the officers and directors of PROSPERITY NOW?
- The 990 for the year ended December 31, 2024 lists 19 people; 8 received compensation from the organization, the highest $386,330 (MARISA CALDERON, PRESIDENT & CEO).
- How much revenue does PROSPERITY NOW have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $14,096,149, expenses of $19,551,072 and total assets of $13,716,505 at year end.
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All nonprofits in WASHINGTON · District of Columbia · Community improvement and capacity building