Nonprofit · EIN 80-0362127
PROSPERITYME
Also known as NA NA
Tax-exempt · PORTLAND, ME 04101
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $3,284,674 | $2,535,340 | $749,334 | $7,024,399 | $1,819,638 | $5,204,761 |
| December 31, 2024 | 990 | $2,534,123 | $2,146,604 | $387,519 | $5,115,189 | $860,654 | $4,254,535 |
| December 31, 2023 | 990 | $5,434,958 | $4,029,651 | $1,405,307 | $6,928,836 | $3,080,304 | $3,848,532 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,166,139
- of which government grants
- $997,186
- Program service revenue
- $0
- Investment income
- $124,117
- Net gain from sales of assets
- $12,206
- Net income from fundraising events
- -$9,031
- Other revenue
- -$5,582
Expenses
- Grants and similar amounts paid
- $386,565
- Compensation of officers, directors and key employees
- $212,573
- Other salaries and wages
- $1,204,969
- Salaries, compensation and benefits (total)
- $1,681,987
- Professional fundraising fees
- $0
- Accounting fees
- $33,575
- Occupancy
- $117,918
- Travel
- $6,394
- Depreciation
- $4,053
- Program services (functional)
- $1,799,933
- Management and general (functional)
- $555,982
- Fundraising (functional)
- $179,425
Balance sheet and other
- Total assets, start of year
- $5,115,189
- Total assets, end of year
- $7,024,399
- Total liabilities, end of year
- $1,819,638
- Net assets, end of year
- $5,204,761
- Land, buildings and equipment
- $9,193
- Publicly traded securities
- $2,110,378
- Net assets without donor restrictions
- $4,091,566
- Net assets with donor restrictions
- $1,113,195
- Gross receipts
- $4,120,236
- Employees
- 25
- Volunteers
- 38
- Year formed
- 2007
- State of legal domicile
- ME
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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAUDE K RWAGANJE | EXECUTIVE DI Officer | 40 | $177,954 | $34,619 |
| MICHELLE ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY AXELSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK CLANCY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EILEEN FONGEMIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MARTHA FOX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TARA JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| E'NKUL KANAKAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TYLER NOROD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GIMBALA SANKARE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| COLETTE TWIGG-ROWSE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SHERRIN VAIL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BECKY WINSLOW | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2024: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAUDE K RWAGANJE | EXECUTIVE DI Officer | 40 | $197,508 | $5,709 |
| MICHELLE ALLEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY AXELSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| PATRICK CLANCY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EILEEN FONGEMIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MARTHA FOX | VICE CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| TARA JENKINS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| E'NKUL KANAKAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TYLER NOROD | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| GIMBALA SANKARE | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| COLETTE TWIGG-ROWSE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| SHERRIN VAIL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| REBECCA WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
990 for the year ended December 31, 2023: 13 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| CLAUDE K RWAGANJE | EXECUTIVE DI Officer | 40 | $140,520 | $11,416 |
| HELEN ANDREOLI | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARY AXELSEN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| EILEEN FONGEMIE | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| MARTHA FOX | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHRISTEN GRAHAM | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| QUINCY HENTZEL | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| TARA JENKINS | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| E'NKUL KANAKAN | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MICHELLE LOVE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| COLETTE TWIGG-ROWSE | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
| REBECCA WINSLOW | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| BRIAN ZENDA | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 175 LANCASTER ST STE 216A, PORTLAND, ME 04101-2420
- In care of
- % CLAUDE RWAGANJE
- Mailing address (990-N for 2009)
- POBox 8013, PORTLAND ME 04104
- Principal officer (990 for 2025)
- CLAUDE K RWAGANJE, 175 LANCASTER ST, SUITE 216A, PORTLAND, ME 04101
- Principal officer (990-N for 2009)
- WILLIAM BROWN CPA, 8 BARLEY LN, SCARBOROUGH ME 04074
- Signed the 990
- CLAUDE K RWAGANJE, EXECUTIVE DIRECTOR
- Phone
- (207) 797-7890
- Website
- WWW.NEWMAINERSAVINGS.ORG
- Return prepared by
- ONE RIVER CPAS
Mission
PROSPERITYME EMPOWERS, THROUGH EDUCATION AND COUNSELING, MEMBERS OF REFUGEE AND IMMIGRANT COMMUNITIES TO INVEST IN THEMSELVES TO BUILD FINANCIAL STABILITY, CAREERS, BUSINESSES AND WEALTH.
Program accomplishments
- THE HOUSING PROGRAM WORKS WITH IMMIGRANT INDIVIDUALS AND FAMILIES AT RISK OF HOMELESSNESS TO CREATE A LONG-TERM PLAN FOR HOUSING AND FINANCIAL STABILITY. THE GOAL IS TO REDUCE THE LENGTH OF TIME FAMILIES SPEND IN HOMELESSNESS OR PRECARIOUS HOUSING SITUATIONS, SUCCESSFULLY LEASE FAMILIES IN PERMANENT HOUSING, AND LIMIT RETURNS TO HOMELESSNESS WITHIN THE FIRST YEAR OF BEING HOUSED. PROSPERITYME PROVIDED HOUSING NAVIGATION SERVICES AND SECURED PERMANENT SAFE HOUSING FOR 203 HOUSEHOLDS IN 2025. 173 HOUSEHOLDS RECEIVED SECURITY DEPOSIT OR RENTAL ASSISTANCE SUPPORT IN 2025.Expenses $853,916 · grants $260,695
- FINANCIAL LITERACY: PROSPERITYME PROVIDED COURSES IN BASIC MONEY MANAGEMENT, WOMEN'S ECONOMIC EMPOWERMENT, FINANCIAL COACHING AND COUNSELING SERVICES. IN 2025, PROSPERITYME SERVED 300 STUDENTS THROUGH FINANCIAL EDUCATION CLASSES, WOMEN'S ECONOMIC EMPOWERMENT PROGRAMMING, HOW TO BE A SUCCESSFUL TENANT AND SAVING TO BUILD WEALTH.Expenses $280,236 · grants $21,093
- THE HOME ENERGY ASSISTANCE PROGRAM: THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) IS A PROGRAM THAT PROVIDES A FIXED AMOUNT OF FUNDING TO MAINE EACH YEAR FROM THE FEDERAL GOVERNMENT. THE HOME ENERGY ASSISTANCE PROGRAM (HEAP) HELPS QUALIFIED HOMEOWNERS AND RENTERS PAY FOR HEATING COSTS. BENEFITS INCLUDE HELP PAYING FOR FUEL AND EMERGENCY FUEL DELIVERY. YOU CAN ALSO QUALIFY FOR ENERGY-RELATED REPAIRS IF YOU ARE ELIGIBLE FOR HEAP. PROSPERITYME STAFF ASSISTED 140 FAMILIES WITH HEAP IN 2025.Expenses $151,787
- OUR PEER WORKFORCE NAVIGATOR HELPS INDIVIDUALS PREPARE FOR AND SECURE EMPLOYMENT BY PROVIDING PERSONALIZED SUPPORT WITH RESUME DEVELOPMENT, INTERVIEW PREPARATION, JOB SEARCH STRATEGIES, AND OTHER EMPLOYMENT-RELATED RESOURCES. PARTICIPANTS ARE ALSO CONNECTED TO JOB TRAINING PROGRAMS, APPRENTICESHIPS, HOUSING, CHILDCARE, UNEMPLOYMENT BENEFITS, AND OTHER ESSENTIAL SUPPORT SERVICES THAT HELP THEM OBTAIN AND MAINTAIN QUALITY JOBS. PROSPERITYME ALSO HOSTS A WORKFORCE CLINIC IN PARTNERSHIP WITH THE PEER WORKFORCE NAVIGATOR COALITION. THE CLINIC PROVIDES WEEKLY SUPPORT FOR IMMIGRANTS AND LOW-INCOME INDIVIDUALS BY CONNECTING THEM WITH EMPLOYMENT OPPORTUNITIES, CAREER GUIDANCE, NETWORKING OPPORTUNITIES, AND WORKFORCE RESOURCES. THE WORKFORCE CLINIC IS HELD EVERY THURSDAY AND IS AVAILABLE BY APPOINTMENT. PROSPERITYME IS PURSUING A NEW HOUSING INITIATIVE WITH THE GOAL TOBUILD AFFORDABLE HOUSING FOR FAMILIES OF THE SOUTHERN MAINE COMMUNITY, WORKING COOPERATIVELY WITH LOCAL DEVELOPERS AND FUNDING SOURCES.Expenses $513,994 · grants $104,777
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 | 990 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
- 80-0362127
- 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
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $7,024,399
- Income (IRS master file)
- $4,120,236
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $3,284,674 | $2,535,340 | $7,024,399 | XML |
| 990 | December 2024 | $2,534,123 | $2,146,604 | $5,115,189 | XML |
| 990 | December 2023 | $5,434,958 | $4,029,651 | $6,928,836 | XML |
| 990 | December 2022 | $8,661,990 | $7,696,543 | $3,520,092 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990-N for 2009 Officer: WILLIAM BROWN CPA | December 31, 2009 | ≤ $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 80-0362127).
Questions about PROSPERITYME
- What is the EIN of PROSPERITYME?
- The employer identification number (EIN) of PROSPERITYME is 80-0362127.
- Is PROSPERITYME tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to PROSPERITYME tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROSPERITYME 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 PROSPERITYME due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROSPERITYME last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of PROSPERITYME?
- The 990 for the year ended December 31, 2025 names CLAUDE K RWAGANJE.
- Who are the officers and directors of PROSPERITYME?
- The 990 for the year ended December 31, 2025 lists 13 people; 1 received compensation from the organization, the highest $177,954 (CLAUDE K RWAGANJE, EXECUTIVE DI).
- How much revenue does PROSPERITYME have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $3,284,674, expenses of $2,535,340 and total assets of $7,024,399 at year end.
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