PROSPER FOUNDATION

EIN: 871572206 501(c)(3) Human Services

BIRMINGHAM, AL

Total Revenue
$4,346,522
Total Expenses
$4,995,928
Total Assets
$6,002,289
Net Assets
$5,839,716
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
2020
Legal Domicile
AL
Principal Officer
JW CARPENTER
Phone
2053062061
Tax Period
2024-01-01 to 2024-12-31

PROSPER FOUNDATION, founded in 2020, is a community nonprofit in the Human Services sector that reported $4.3M in total revenue in fiscal year 2024. Revenue fell 21% from the prior year — a significant decline worth monitoring. Expenses of $5.0M exceeded revenue, resulting in a 15% operating deficit.

Mission

PROSPER IS A COALITION OF COMMUNITY, CIVIC, AND BUSINESS LEADERS COMMITTED TO CREATING A GROWING ECONOMY IN BIRMINGHAM AND JEFFERSON COUNTY. PROSPER'S ROLES ARE TO CONVENE COMMUNITY PARTNERS, ALIGN SYSTEMS, RAISE AND INVEST FUNDING, AND EVALUATE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $4,204,293
Program Service Revenue $0
Investment Income $141,325
Other Revenue $904
TOTAL REVENUE $4,346,522

Expense Breakdown

Grants Paid $616,133
Salaries & Benefits $728,737
Fundraising Expenses $218,621
Program Expenses $4,510,987
Other Expenses $3,651,058
TOTAL EXPENSES $4,995,928

Year-over-Year Comparison

2024 2023 Change
Revenue $4,346,522 $5,513,038 -0.2%
Expenses $4,995,928 $4,016,180 +0.2%
Net Income $-649,406 $1,496,858 -1.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
25
Independent Members
25
Employees
6
Volunteers
44

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
2
$0
Total Directors
25
$0
Key Employees
1
$259,561
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MARK CROSSWHITE CHAIR 1.00
Officer Director
$0 $0 $0
LEE STYSLINGER III CO-CHAIR 1.00
Officer Director
$0 $0 $0
JOHN TURNER MEMBER 1.00
Director
$0 $0 $0
TIM VINES MEMBER 1.00
Director
$0 $0 $0
DR RAY WATTS MEMBER 1.00
Director
$0 $0 $0
RANDALL WOODFIN MEMBER 1.00
Director
$0 $0 $0
DR ANTHONY HOOD MEMBER 1.00
Director
$0 $0 $0
RICH BIELEN MEMBER 1.00
Director
$0 $0 $0
CHRIS NANNI MEMBER 1.00
Director
$0 $0 $0
DAWN BULGARELLA MEMBER 1.00
Director
$0 $0 $0
JASMINE FELLS MEMBER 1.00
Director
$0 $0 $0
ANOOP MISHRA MEMBER 1.00
Director
$0 $0 $0
SANJAY SINGH PHD MEMBER 1.00
Director
$0 $0 $0
MARK TARR MEMBER 1.00
Director
$0 $0 $0
JOHN SHERMAN MEMBER 1.00
Director
$0 $0 $0
KHADIJAH ABDULLAH MEMBER 1.00
Director
$0 $0 $0
RUTH ANN MOSS MEMBER 1.00
Director
$0 $0 $0
LARA AVSAR MEMBER 1.00
Director
$0 $0 $0
CHRIS KRAMER MEMBER 1.00
Director
$0 $0 $0
STACI PIERCE MEMBER 1.00
Director
$0 $0 $0
ROSILYN HOUSTON MEMBER 1.00
Director
$0 $0 $0
LEROY ABRAHAMS MEMBER 1.00
Director
$0 $0 $0
BONDERIA LYONS MEMBER 1.00
Director
$0 $0 $0
TATE FORRESTER MEMBER 1.00
Director
$0 $0 $0
RALPH WILLIAMS MEMBER 1.00
Director
$0 $0 $0
JW CARPENTER PRESIDENT 40.00
Key Emp
$240,600 $18,961 $259,561
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $4,346,522 $4,995,928 $6,002,289 $-649,406
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