Nonprofit · EIN 23-7131829
PREPARE AND PROSPER
Tax-exempt · SAINT PAUL, MN 55114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $2,777,225 | $3,407,399 | -$630,174 | $1,478,737 | $564,797 | $913,940 |
| June 30, 2024 | 990 | $2,006,950 | $2,983,297 | -$976,347 | $1,996,108 | $447,405 | $1,548,703 |
| June 30, 2023 | 990 | $2,572,017 | $2,472,462 | $99,555 | $3,147,378 | $632,342 | $2,515,036 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $2,739,220
- of which government grants
- $2,116,336
- Program service revenue
- $0
- Investment income
- $36,922
- Net income from fundraising events
- -$1,847
- Other revenue
- $1,083
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $161,204
- Other salaries and wages
- $1,768,602
- Salaries, compensation and benefits (total)
- $2,236,900
- Professional fundraising fees
- $0
- Legal fees
- $5,876
- Accounting fees
- $73,117
- Occupancy
- $231,828
- Travel
- $40,216
- Depreciation
- $4,883
- Program services (functional)
- $2,903,538
- Management and general (functional)
- $174,721
- Fundraising (functional)
- $329,140
Balance sheet and other
- Total assets, start of year
- $1,996,108
- Total assets, end of year
- $1,478,737
- Total liabilities, end of year
- $564,797
- Net assets, end of year
- $913,940
- Land, buildings and equipment
- $38,053
- Publicly traded securities
- $278,021
- Net assets without donor restrictions
- $546,707
- Net assets with donor restrictions
- $367,233
- Gross receipts
- $2,779,072
- Employees
- 65
- Volunteers
- 462
- Year formed
- 1971
- State of legal domicile
- MN
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 | Other / benefits |
|---|---|---|---|---|
| Suyapa Miranda | Executive Director Officer | 40 | $146,493 | $2,462 |
| Jeremie Greer | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Kara McGuire | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Emma Molls | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Ronda Chakolis | Director Trustee or director | 1 | $0 | $0 |
| Marsha Pitts-Phillips | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth White | Director Trustee or director | 1 | $0 | $0 |
| Andrew Morem | Director Trustee or director | 1 | $0 | $0 |
| Roxanny Armendariz | Director Trustee or director | 1 | $0 | $0 |
| Aide Salgado | Director Trustee or director | 1 | $0 | $0 |
| Carrie Person | Director Trustee or director | 1 | $0 | $0 |
| Tom Gottwalt | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Suyapa Miranda | Executive Director Officer | 40 | $140,878 | $2,390 |
| Jeremie Greer | Chair Trustee or director, Officer | 5 | $0 | $0 |
| Kara McGuire | Vice Chair Trustee or director, Officer | 3 | $0 | $0 |
| Matt Lorenz | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Neera Chatterjee | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Ronda Chakolis | Director Trustee or director | 1 | $0 | $0 |
| Emma Molls | Director Trustee or director | 1 | $0 | $0 |
| Jerry Morris | Director Trustee or director | 1 | $0 | $0 |
| Andrew Morem | Director Trustee or director | 1 | $0 | $0 |
| Desmond Nation | Director Trustee or director | 1 | $0 | $0 |
| Mark Nolen | Director Trustee or director | 1 | $0 | $0 |
| Marsha Pitts-Phillips | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth White | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 14 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Suyapa Miranda | Executive Director Officer | 40 | $131,833 | $3,516 |
| Brian Strittmater | President Trustee or director, Officer | 5 | $0 | $0 |
| Beth Haney | Vice President Trustee or director, Officer | 3 | $0 | $0 |
| Matt Lorenz | Treasurer Trustee or director, Officer | 3 | $0 | $0 |
| Neera Chatterjee | Secretary Trustee or director, Officer | 1 | $0 | $0 |
| Ronda Chakolis | Director Trustee or director | 1 | $0 | $0 |
| Jeremie Greer | Director Trustee or director | 1 | $0 | $0 |
| Kara McGuire | Director Trustee or director | 1 | $0 | $0 |
| Emma Molls | Director Trustee or director | 1 | $0 | $0 |
| Desmond Nation | Director Trustee or director | 1 | $0 | $0 |
| Jerry Morris | Director Trustee or director | 1 | $0 | $0 |
| Mark Nolen | Director Trustee or director | 1 | $0 | $0 |
| Marsha Pitts-Phillips | Director Trustee or director | 1 | $0 | $0 |
| Elizabeth White | Director Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 2610 UNIVERSITY AVE W STE 450, SAINT PAUL, MN 55114-1055
- Principal officer (990 for 2024)
- Suyapa Miranda, 2610 University Ave W 450, St Paul, MN 55114
- Signed the 990
- Suyapa Miranda, Executive Director
- Phone
- (651) 262-2155
- Website
- www.prepareandprosper.org
- Return prepared by
- Abdo LLP
Mission
Prepare + Prosper and its volunteers work with low- to moderate-income people to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.
Program accomplishments
- Prepare + Prosper (P+P) is a Saint Paul based economic justice nonprofit founded in 1971 to provide free high-quality tax perparation to low-income and moderate-income Minnesotans. While tax preparation remains the primary focus, P+P has since evolved into a nationally recognized leader in financial inclusion by offering innovative, accessible programs and tools to supposrt historically disinvested communities in building wealth and improving their financial health. P+P's mission is to work, along with volunteers, with people who have low to moderate incomes to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity.Expenses $1,911,415
- Financial Capability and Learning: Prepare + Prosper runs two major initiatives - Money Mentors and Financial Access in Reach (FAIR) to support greater financial wellbeing. Money Mentors provides coaching and resources to participants as they work toward sef-identified goals like vuilding credit or reducing debt. FAIR provides a three-product financial solution for financial underserved households and is designed to be scaled nationally through a community-based distribution model.Expenses $801,420
- P + P has worked to leverage the expertise of its staff, amplify the voices of people directly affected, and build cross sector partnerships and networks to inform policy and systems change and build a more equitable and inclusive financial future. Recent efforts include strengthening public policy related to tax credits, asset building and consumer protection. In 2025, P+P continued to enhance it's Systems Change department with the intention of positioning the families we serve as the key stakeholders within the systems and policies that affect them. The department focuses on bringing forth the voices and lived experiences of the many and varied communities we serve to guide our work and inform our change-making agenda. Systems change work includes advocacy, community engagement, network and capacity-building activities.Expenses $190,703
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
- 23-7131829
- 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
- 1971
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51Z)
- Assets (IRS master file)
- $1,478,737
- Income (IRS master file)
- $2,779,072
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $2,777,225 | $3,407,399 | $1,478,737 | XML |
| 990 | June 2024 | $2,006,950 | $2,983,297 | $1,996,108 | XML |
| 990 | June 2023 | $2,572,017 | $2,472,462 | $3,147,378 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | 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 23-7131829).
Questions about PREPARE AND PROSPER
- What is the EIN of PREPARE AND PROSPER?
- The employer identification number (EIN) of PREPARE AND PROSPER is 23-7131829.
- Is PREPARE AND PROSPER tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1971.
- Are donations to PREPARE AND PROSPER tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PREPARE AND PROSPER 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 PREPARE AND PROSPER 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 PREPARE AND PROSPER 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 PREPARE AND PROSPER?
- The 990 for the year ended June 30, 2025 names Suyapa Miranda.
- Who are the officers and directors of PREPARE AND PROSPER?
- The 990 for the year ended June 30, 2025 lists 12 people; 1 received compensation from the organization, the highest $146,493 (Suyapa Miranda, Executive Director).
- How much revenue does PREPARE AND PROSPER have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $2,777,225, expenses of $3,407,399 and total assets of $1,478,737 at year end.
Other nonprofits in SAINT PAUL
- LUTHERAN SOCIAL SERVICE OF MINNESOTA EIN 41-0872993 · last filed 990 for 2025
- PARTNERS IN COMMUNITY SUPPORTS INC EIN 41-1976959 · last filed 990 for 2025
- SOUTH METRO HUMAN SERVICES EIN 41-1712779 · last filed 990 for 2025
- ACCESSIBLE SPACE INC EIN 41-1330242 · last filed 990 for 2025
- PCS FOR PEOPLE EIN 26-2066045 · last filed 990 for 2025
- NEIGHBORHOOD DEVELOPMENT CENTER INC EIN 41-1738791 · last filed 990 for 2025
- UNION GOSPEL MISSION ASSOCIATION OF ST PAUL EIN 41-0705847 · last filed 990 for 2025
- ACCORD EIN 41-0972546 · last filed 990 for 2024