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
- Website
- WWW.TPFCT.ORG
- 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 | $2,714,369 | $3,163,028 | $2,211,727 | XML |
| 990 | December 2023 | $1,796,845 | $1,077,594 | $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 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 47-4364468).
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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