Cause IQ organization profile

Prosperity Now

Program areas | Form 990s | Financials | Vendors | Personnel | Peers

Prosperity Now is a public sector improvement organization based in Washington, DC that was founded in 1979. As of 2019 they had $12 million in revenue and $18 million in assets.

Cfed's work makes it possible for millions of people to achieve financial security and contribute to an opportunity economy. We scale innovative practical solutions that empower low-and moderate-income people to build wealth. We drive responsive polic...

Previous legal names or variations of their name include: Corporation For Enterprise Development.

Fiscal year end:
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Program areas at Prosperity Now

Research, policy, racial wealth and field engagement: the applied research team at Prosperity Now produces and disseminates three kinds of research: (1) research that helps define the current state of household financial security in the u.s.; (2) research that documents the emergence and growth of innovative new programs, policies and products designed to help improve financial security for u.s. consumers, and: (3) research that builds the evidence base about the effectiveness of these strategies. In 2015, Prosperity Now launched the racial wealth divide initiative to help Prosperity Now address racial wealth inequality in a more comprehensive and targeted manner. The policy program at Prosperity Now helps educate policymakers, advocates and the public about innovative policy ideas that can support low-income households in their efforts to strengthen their financial well-being.prosperity Now's field engagement team connects, builds the capacity of and mobilizes a broad range of stakeholders in the asset-building and financial ...

Affordable homeownership: to ensure that low-income and vulnerable people have the opportunity to build wealth through homeownership, the affordable homeownership program seeks to (1) prepare people for homeownership through homeownership counseling, down payment assistance and i.d.a.s, credit repair and credit building, and addressing predatory lending in communities; (2) increase the availability of affordable homes by increasing and preserving affordable housing stock, including quality manufactured housing, and lowering the cost of entry to homeownership (e.g. Shared equity, inclusionary zoning, land trusts) and (3) reduce the risk of homeownership by promoting foreclosure prevention techniques, high-touch servicing, and emergency savings.

Savings and financial capability: the savings and financial capability program focuses on program and practice innovations that help low-income individuals and families have the knowledge, skills, and resources they need to build assets. The program ensures adults also have access to a range of products and services that support financial capability and asset building, including individual development accounts, financial coaching and counseling, financial education, and access to other financial products. The program provides technical assistance, research, and policy support to the field of financial capability and asset building providers. It is also ensuring that large public systems such as schools, workforce development, housing programs, and emergency assistance incorporate opportunities to build financial capability. The children's savings account program at Prosperity Now is focused on ensuring that every low-income child in america will have a savings account earmarked in his or her name for post-secondary education. This work ensures that everyone ...

Form 990s for Prosperity Now

Fiscal year endingDate received by IRSFormPDF link
2018-12Feb 5, 2020990View PDF
2016-12Dec 4, 2017990View PDF
2015-12Jan 24, 2017990View PDF
2014-12Dec 10, 2015990View PDF
2013-12Dec 19, 2014990View PDF
...and four more Form 990 PDFs

Financials for Prosperity Now

Total grants, contributions, etc.$10,414,454
Program services$1,439,662
Investment income and dividends$296,869
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$256,097
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$294
Total revenues$12,407,376

Vendors for Prosperity Now

VendorServicesAmount paidDate
Gelman Rosenberg and FreedmanTax accounting2020-02-05
█████████ ████████Software2019-10-23
██████Fundraising software2019-10-18
███████ ███ ████Fundraising software; Payment processing2019-10-18
██████████ ██████████Field Expert$150,0002016-12-01
███ ███████ █████ ███Communications$109,5192016-12-01
███████████Field Expert$112,2002016-12-01

Personnel at Prosperity Now

NameTitleCompensationMost recent data
Gary CunninghamPresident and Chief Executive Officer / President / Director$0June 16, 2020
Adnan S BokhariChief Financial Officer and Chief Operating Officer$232,787Feb. 5, 2020
█████ █████████Interim Chief Operating Officer-June 16, 2020
██████ ███████ ████Chief Strategy and Innovation Officer-June 16, 2020
█████ ███████Chief Philanthropy Officer$172,615June 16, 2020
█████ ████████Vice President, Policy and Research-June 16, 2020
███████ █████Vice President , Policy and Research$168,867Dec. 31, 2018
█████ █████Vice President , Strategy and Engagement$145,700Dec. 31, 2018
████████ ███████Vice President , Programs$159,112Dec. 31, 2018
███████ █████Vice President, Programs and Racial Wealth Equity-June 16, 2020
...and 34 more key personnel

Peer public sector reform and improvement organizations

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7National Governors Association (NGA)501(c)(3)$19 millionWashington, DC
8The Center for Public Integrity501(c)(3)$4.2 millionWashington, DC
9FreedomWorks Foundation501(c)(3)$7.1 millionWashington, DC
10National Security Archive501(c)(3)$3.2 millionWashington, DC
11The Israel Project (TIP)501(c)(3)$4.8 millionWashington, DC
12Citizens for Responsibility and Ethics in Washington (CREW)501(c)(3)$5.4 millionWashington, DC
13Information Technology and Innovation Foundation (ITIF)501(c)(3)$4.9 millionWashington, DC
14Center for Strategic and Budgetary Assessments501(c)(3)$6.9 millionWashington, DC
15National Community Reinvestment Coalition (NCRC)501(c)(3)$11 millionWashington, DC
16Center of the American Experiment501(c)(3)$4.1 millionGolden Valley, MN
17Leadership Institute (LI)501(c)(3)$15 millionArlington, VA
18California Calls Education Fund501(c)(3)$5.9 millionLos Angeles, CA
19Center for Civic Education501(c)(3)$3.6 millionCalabasas, CA
20American Public Human Services Association501(c)(3)$9.4 millionArlington, VA
21Code for America501(c)(3)$15 millionSan Francisco, CA
22California Council on Sci and Technology501(c)(3)$5.6 millionSacramento, CA
23Advance Illinois501(c)(3)$3.2 millionChicago, IL
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25Meridian Institute501(c)(3)$11 millionDillon, CO