EIN 47-4364468

The Prosperity Foundation

IRS 501(c) type
501(c)(3)
Num. employees
4
Year formed
2015
Most recent tax filings
2023-12-01
Description
The Prosperity Foundation pursues charitable and educational activities to strengthen Connecticut's African-American/Black communities, including awarding 7 grants to organizations in the region for economic development and 12 grants to various organizations conducting health screenings, educational, and instructional programs.
Total revenues
$1,956,036
2023
Total expenses
$1,997,999
2023
Total assets
$3,994,512
2023
Num. employees
4
2023

Program areas at The Prosperity Foundation

In 2023, 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. In 2023, we expanded our reach to support even more organizations in need, including grant awards to 31 organizations.

Grants made by The Prosperity Foundation

GranteeGrant descriptionAmount
WLM MinistriesRestoring the Village, An Initiative of WLM Ministries, Inc., Focuses on Addressing Community and Gun Violence in Urban Areas of New Haven By Building Community Trust, Collaboration, and Leadership, With A Structural Analysis of Race To Correct Disparities, Seeking Funding for Its Development and Capacity Building.$37,500
Blue Hills Civic Association (BHCA)Bhca Established Partnerships With Families To Engage Them in Their Children's Education; Collaborated With Community Agencies To Provide Support Services for Students' Academic Success and Well-Being Via Afterschool Programs, Tutoring and Working With Teachers; and Improved Student Behavior, Attendance, Grades, (Bag) and Overall Well-Being Through Wholistic Support. Students Were Given Stipends/incentives for Participating in the in School and After School Programs and Successfully Completing Training and Certification Sessions.$30,000
Fixing Fathers One Dad At A TimeFixing Fathers, Inc. Is A Community-Driven Organization Dedicated To Empowering Families Affected By the War on Drugs Through Innovative Programs Such As Hbcu College Tours, Free Grooming Services, Chess, Community-Building Activities, and Forthcoming Initiatives To Support Men With Criminal Records and Child Support Debt, As Well As An Inaugural Self-Esteem Program for African American Girls, Fostering Positive Change and Collaborations With Organizations Like Reliant Behavioral Health and Community Services (RBHCS) and Street To Straight.$22,500
...and 22 more grants made totalling $468,919

Who funds The Prosperity Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Hartford Foundation for Public Giving (HFPG)Community and Economic Development$1,000,000
William Caspar Graustein Memorial FundBuilding Community Power in Education, Economics, and Health in CT Black Communities$25,000
William Caspar Graustein Memorial FundBuilding Community Power in Education, Economics, and Health in CT Black Communities$17,500

Personnel at The Prosperity Foundation

NameTitleCompensation
Orsella HughesExecutive Director$99,090

Financials for The Prosperity Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$1,878,669
Program services$0
Investment income and dividends$12,273
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$65,094
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$1,956,036

Form 990s for The Prosperity Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-15990View PDF
2022-122023-11-02990View PDF
2021-122022-11-15990View PDF
2020-122021-05-26990View PDF
2019-122021-01-28990View PDF
...and 3 more Form 990s

Organizations like The Prosperity Foundation

OrganizationLocationRevenue
Bethel Community Services FoundationBethel, AK$6,547,935
Birmingham Jewish Foundation (BJF)Birmingham, AL$3,054,092
Kansas City Hospice FoundationKansas City, MO$4,206,331
Gloria M Silverio FoundationMiami, FL$564,149
Community Hospice Foundation Stanislaus CountyModesto, CA$1,419,161
Trellis FoundationRound Rock, TX$5,617,527
Montrose Community FoundationMontrose, CO$1,731,907
Cobb Community Foundation (CCF)Atlanta, GA$5,170,449
Jewish Endowment Foundation (JEF)Metairie, LA$7,367,325
Black Hills Area Community FoundationRapid City, SD$7,342,365
Data update history
February 14, 2025
Posted financials
Added Form 990 for fiscal year 2023
January 11, 2025
Received grants
Identified 1 new grant, including a grant for $1,000,000 from Hartford Foundation for Public Giving (HFPG)
January 1, 2024
Received grants
Identified 4 new grant, including a grant for $55,000 from William Caspar Graustein Memorial Fund
December 31, 2023
Posted financials
Added Form 990 for fiscal year 2022
November 28, 2023
Received grants
Identified 5 new grant, including a grant for $1,000,000 from Hartford Foundation for Public Giving (HFPG)
Nonprofit Types
Grantmaking organizationsHuman service organizationsCharities
Issues
Human services
Characteristics
Operates donor advised fundsProvides grantsState / local levelReceives government fundingEndowed supportTax deductible donationsAccepts online donations
General information
Address
1287 Chapel St
New Haven, CT 06511
Metro area
New Haven-Milford, CT
County
South Central Connecticut Planning Region, CT
Website URL
tpfct.org/ 
Phone
(203) 909-1315
IRS details
EIN
47-4364468
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2015
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P20: Human Service Organizations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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