Nonprofit · EIN 83-0808658
INCLUSIVE PROSPERITY CAPITAL INC
Tax-exempt · HARTFORD, CT 06106
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,811,577 | $9,824,519 | $987,058 | $39,204,280 | $36,929,435 | $2,274,845 |
| December 31, 2023 | 990 | $6,000,752 | $9,564,102 | -$3,563,350 | $36,915,781 | $35,547,467 | $1,368,314 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $6,820,276
- of which government grants
- $817,776
- Program service revenue
- $3,952,390
- Investment income
- $38,911
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,461,825
- Other salaries and wages
- $1,952,907
- Salaries, compensation and benefits (total)
- $4,303,029
- Professional fundraising fees
- $0
- Legal fees
- $207,768
- Accounting fees
- $169,363
- Occupancy
- $250,150
- Travel
- $107,126
- Depreciation
- $537,472
- Program services (functional)
- $8,231,490
- Management and general (functional)
- $1,322,836
- Fundraising (functional)
- $270,193
Balance sheet and other
- Total assets, start of year
- $36,915,781
- Total assets, end of year
- $39,204,280
- Total liabilities, end of year
- $36,929,435
- Net assets, end of year
- $2,274,845
- Land, buildings and equipment
- $15,624,060
- Net assets without donor restrictions
- -$1,822,654
- Net assets with donor restrictions
- $4,097,499
- Gross receipts
- $10,811,577
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2018
- 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 |
|---|---|---|---|---|
| KERRY O'NEILL | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $315,197 | $73,351 |
| JAMES MCINTYRE | CHIEF STRATEGY OFFICER Key employee | 40 | $230,486 | $42,331 |
| MUSA COLLIDGE-ASAD | CHIEF INVESTMENT OFFICER Officer | 40 | $240,777 | $17,615 |
| JOHN D'AGOSTINO | MANAGING DIRECTOR, CLEAN ENERGY Key employee | 40 | $196,255 | $41,751 |
| MICHELE I KUNITZ | GENERAL COUNSEL/SECRETARY Officer | 40 | $217,970 | $17,205 |
| MARK A DEBONEE | CHIEF FINANCIAL OFFICER Officer | 40 | $190,228 | $37,947 |
| CARMEN CARSON | CHIEF PEOPLE OFFICER Key employee | 40 | $183,461 | $12,524 |
| MADELINE GEARING | NATIONAL DIRECTOR, SMART-E Highest-paid employee | 40 | $146,542 | $34,258 |
| DAVID RYAN | ASSOC DIR CLEAN ENERGY Highest-paid employee | 40 | $144,215 | $21,872 |
| BRIAN LIECHTI | SR MGR MARKET ENGAGEMENT Highest-paid employee | 40 | $121,070 | $26,936 |
| MAZAHIR BOOTWALA | MANAGER, CLEAN ENERGY Highest-paid employee | 40 | $112,550 | $26,856 |
| MELINDA MASON | COUNSEL Highest-paid employee | 40 | $112,190 | $17,942 |
| ELIZABETH CRUM | CHAIRPERSON (THROUGH 6/27/24) Trustee or director | 1 | $0 | $0 |
| DOUGLASS SIMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERTO HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| JOSEPH EVANS | DIRECTOR Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| O'NEILL KERRY | CHIEF EXECUTIVE OFFICER Trustee or director, Officer | 40 | $301,444 | $67,979 |
| JAMES MCINTYRE | CHIEF STRATEGY OFFICER Key employee | 40 | $229,794 | $39,733 |
| MUSA COLLIDGE-ASAD | CHIEF INVESTMENT OFFICER Officer | 40 | $239,077 | $17,513 |
| JOHN D'AGOSTINO | MANAGING DIRECTOR, CLEAN E Key employee | 40 | $204,550 | $39,339 |
| MICHELE I KUNITZ | GENERAL COUNSEL/SECRETARY Officer | 40 | $214,766 | $16,802 |
| MARK A DEBONEE | CHIEF FINANCIAL OFFICER/ T Officer | 40 | $183,354 | $35,527 |
| KIM STEVENSON | MANAGING DIRECTOR, STRATEG Highest-paid employee | 40 | $149,961 | $37,086 |
| CARSON CARMEN | CHIEF PEOPLE AND CULTURE OFFICER Highest-paid employee | 40 | $160,385 | $15,240 |
| MADELINE GEARING | NATIONAL DIRECTOR, SMART-E Highest-paid employee | 40 | $144,201 | $20,942 |
| DAVID RYAN | ASSOCIATE DIRECTOR, CLEAN Highest-paid employee | 40 | $144,229 | $17,522 |
| LIECHTI BRIAN | SENIOR MANAGER, MARKET ENGAGEMENT Highest-paid employee | 40 | $122,252 | $25,533 |
| ELIZABETH CRUM | CHAIRPERSON Trustee or director | 1 | $0 | $0 |
| DOUGLASS SIMS | DIRECTOR Trustee or director | 1 | $0 | $0 |
| ROBERTO HUNTER | DIRECTOR Trustee or director | 1 | $0 | $0 |
| JOSEPH EVANS | DIRECTOR Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 75 CHARTER OAK AVENUE 1-200, HARTFORD, CT 06106-1903
- In care of
- % ROBERTO J HUNTER CT GREEN BANK
- Principal officer (990 for 2024)
- MARK DEBONEE, 75 CHARTER OAK AVENUE 1-200, HARTFORD, CT 06106
- Signed the 990
- MARK DEBONEE, CFO
- Phone
- (203) 433-5060
- Return prepared by
- WHITTLESEY PC
Mission
IPC'S PURPOSE IS TO LESSEN THE BURDENS OF GOVERNMENT AND TO PROTECT, PROMOTE AND PRESERVE THE NATURAL ENVIRONMENT BY: 1) DEVELOPING AND SUPPORTING PROGRAMS TO FINANCE AND STIMULATE DEMAND FOR CLEAN ENERGY INVESTMENT IN RESIDENTIAL, MUNICIPAL, SMALL BUSINESS, AND LARGER COMMERCIAL PROJECTS; 2) PROMOTING THE USE, AVAILABILITY, EFFICACY, AFFORDABILITY AND QUALITY OF CLEAN ENRGY, ENERGY EFFICIENCY, SUSTAINABLE, HEALTHY AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE AND THE SOCIAL AND ECONOMIC BENEFITS DERIVED THEREFROM; 3) EDUCATING THE PUBLIC AND ENVIRONMENTAL, SOCIAL, HEALTH AND RESILIENT BUILDING SYSTEMS/STRUCTURES AND INFRASTRUCTURE; AND 4) PROMOTING THE REDUCTION OF GREENHOUSE GAS EMISSIONS, PROMOTING AND/OR MITIGATING THE ADVERSE EFFECTS OF CLIMATE CHANGE, AND ACHIEVING OTHER POSITIVE ENVIRONMENTAL IMPACTS, INCLUDING THOSE LEADING TO BETTER HEALTH OUTCOMES.
Program accomplishments
- COMMERCIAL SOLAR PPA FUND PROGRAM - THIS PROGRAM OFFERS SOLAR FINANCING INCLUDING POWER PURCHASE AGREEMENTS (PPA) TO UNDERSERVED COMMERCIAL, INDUSTRIAL AND NONPROFIT BUILDING OWNERS TO MAXIMIZE PROJECTED SAVINGS ASSOCIATED WITH SOLAR INSTALLATIONS.Expenses $2,508,361 · revenue $994,599
- ADVISORY AND CONSULTING SERVICES - IPC STAFF PROVIDES OUTSOURCED PROGRAM ADMINISTRATION AND CONSULTING SERVICES FOR CLEAN ENERGY FINANCING PROGRAMS TO GOVERNMENTS, NONPROFITS, LENDERS AND OTHER STAKEHOLDERS. IPC STAFF ALSO PROVIDE ADVICE TO DEVELOPERS AND COMMERCIAL BUILDING OWNERS ON HOW TO OBTAIN FUNDING AND STRUCTURE FINANCING FOR RENEWABLE ENERGY AND ENERGY EFFICIENCY PROJECTS. ONE SUCH PROGRAM IS THE SMART-E LOAN PROGRAM, WHICH PROVIDES A LOW COST, LONG TERM LOAN OPTION TO SINGLE FAMILY HOMEOWNERS FOR ENERGY UPGRADES THROUGH A NETWORK OF LOCAL LENDERS THAT ARE GIVEN ACCESS TO A CREDIT ENHANCEMENT (IF REQUIRED) IN EXCHANGE FOR OFFERING THE PRODUCT. THE PROGRAM USES ESTABLISHED PRE-APPROVED CONTRACTORS TO INSTALL THESE ENERGY UPGRADES TO REDUCE THE BUILDING OWNER'S ENERGY BURDEN. IPC MAY EITHER ADMINISTER THIS PROGRAM ON BEHALF OF A PROGRAM SPONSOR OR PROVIDE CERTAIN SERVICES, INCLUDING THE STANDARDIZED PROGRAMMATIC APPROACH, PROTOCOLS, MARKETING AND TECHNOLOGY. CREDIT ENHANCEMENTS TYPICALLY COMPRISE INTEREST RATE BUYDOWNS AND LOAN LOSS RESERVES MAINTAINED BY THE SPONSOR TO SUPPORT LENDER PROGRAM LOANS. IPC ADMINISTERS THIS PROGRAM FOR THE CONNECTICUT GREEN BANK, THE PROGRAM SPONSOR. THE PROGRAM IS USED TO FINANCE OVER FORTY QUALIFYING ENERGY IMPROVEMENTS AT OWNER-OCCUPIED, 1-4 UNIT RESIDENTIAL PROPERTIES IN CONNECTICUT UTILIZING 10 LOCAL LENDERS (COMMUNITY BANKS AND CREDIT UNIONS) AND A NETWORK OF OVER 350 ELIGIBLE CONTRACTORS.Expenses $3,239,594 · revenue $1,922,423
- MULTIFAMILY AND NONPROFIT LOAN PROGRAM - THIS PROGRAM PROVIDES FINANCING, CREDIT ENHANCEMENTS, AND TECHNICAL ASSISTANCE FOR LOANS AND GRANTS MADE TO OWNERS OF MULTIFAMILY BUILDINGS FOR ENERGY UPGRADES, SINGLE FAMILY LENDING AND COMMERCIAL AND INFRASTRUCTURE LENDING.Expenses $1,665,759 · revenue $1,035,368
- SOLAR FOR ALL PROGRAM FUNDED THROUGH THE FEDERAL ENVIRONMENTAL PROTECTION AGENCY.Expenses $817,776
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
- 83-0808658
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Environment (C20)
- Assets (IRS master file)
- $39,204,280
- Income (IRS master file)
- $10,811,577
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,811,577 | $9,824,519 | $39,204,280 | XML |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $6,000,752 | $9,564,102 | $36,915,781 | XML |
| 990 | December 2022 | $2,852,814 | $6,836,600 | $26,020,334 | IRS |
| 990 | December 2021 | $1,661,010 | $2,319,551 | $21,605,170 | IRS |
| 990 | June 2021 | – | – | – | 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 83-0808658).
Questions about INCLUSIVE PROSPERITY CAPITAL INC
- What is the EIN of INCLUSIVE PROSPERITY CAPITAL INC?
- The employer identification number (EIN) of INCLUSIVE PROSPERITY CAPITAL INC is 83-0808658.
- Is INCLUSIVE PROSPERITY CAPITAL INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to INCLUSIVE PROSPERITY CAPITAL INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does INCLUSIVE PROSPERITY CAPITAL 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 INCLUSIVE PROSPERITY CAPITAL 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 INCLUSIVE PROSPERITY CAPITAL 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 INCLUSIVE PROSPERITY CAPITAL INC?
- The 990 for the year ended December 31, 2024 names MARK DEBONEE.
- Who are the officers and directors of INCLUSIVE PROSPERITY CAPITAL INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 12 received compensation from the organization, the highest $315,197 (KERRY O'NEILL, CHIEF EXECUTIVE OFFICER).
- How much revenue does INCLUSIVE PROSPERITY CAPITAL INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,811,577, expenses of $9,824,519 and total assets of $39,204,280 at year end.
Other nonprofits in HARTFORD
- CONNECTICUT CITIZEN RESEARCH GROUP INC EIN 06-0889894 · last filed 990 for 2024
- HARTFORD LAND BANK INC EIN 82-3965276 · last filed 990 for 2025
- RACE AGAINST TIME INC EIN 88-4318647 · last filed 990-EZ for 2024
- PARK WATERSHED INC EIN 80-0913419 · last filed 990-N for 2025
- EVERSOURCE ENERGY LAND TRUST INC EIN 46-1387121 · last filed 990-PF for 2024
- FRIENDS OF POPE PARK INC EIN 06-1663515 · last filed 990-N for 2023
- RECYCLECT FOUNDATION INC EIN 47-4182172 · last filed 990-N for 2024
- HARTFORD HOSPITAL EIN 06-0646668 · last filed 990 for 2025