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Prepare And Prosper

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 237131829 ✦ St paul, MN ✦ Designated as a 501(c)(3)

Overview

What is Prepare And Prosper?

Prepare And Prosper is a nonprofit organization located at 2610 University Ave W 450, St Paul, MN 55114. Their primary mission is to assist individuals with low to moderate incomes in improving their financial well-being. They achieve this through offering free tax preparation services, financial coaching, and facilitating access to financial products and services. The organization leverages the skills of numerous volunteers to help taxpayers navigate the tax code, meet their obligations, and often access income-boosting tax credits. By integrating financial services into the tax filing process, Prepare And Prosper provides an opportunity for individuals to enhance various aspects of their financial lives. To date, the organization has served over 7,700 taxpayers, returning a substantial amount in refunds and credits. A significant portion of their clients engages with at least one financial product, service, or referral offered by the nonprofit. With a workforce of 65 dedicated individuals, Prepare And Prosper aims to create economic opportunities for those they serve.


Official website here: www.prepareandprosper.org

Is Prepare And Prosper legitimate?

Prepare And Prosper is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prepare And Prosper submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $133,431
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,228,911

For more financial information, click here


Official website here: www.prepareandprosper.org

What is the mission statement of Prepare And Prosper?

Prepare and Prosper, an organization, works towards enhancing the financial well-being of individuals with low to moderate incomes. They achieve this through offering free tax preparation, financial services, products, and coaching. Volunteers assist individuals in navigating the tax code, meeting their obligations, and accessing income-boosting tax credits. Prepare and Prosper's mission extends beyond taxes, integrating financial services into the tax filing process to help customers improve other financial areas. Trained volunteers provide customers with opportunities to engage with financial products, services, and referrals to advance their financial goals. A significant number of customers have benefited from these financial services, saving part or all of their refunds.


Official website here: www.prepareandprosper.org

Who is the CEO of Prepare And Prosper?

Suyapa Miranda is the President of Prepare And Prosper.


Official website here: www.prepareandprosper.org

What is the revenue of Prepare And Prosper?

Prepare And Prosper's revenue in 2022 was $2,156,071.


Official website here: www.prepareandprosper.org

Who are the executives of Prepare And Prosper and what are their salaries?

The average compensation at Prepare And Prosper during 2022 was $20,959. There are 65 employees and 341 volunteers at Prepare And Prosper.

Here are 16 key members and their salaries:

    Suyapa Miranda (Executive Director)
  • Compensation: $101,565
  • Related: $0
  • Other: $1,649

    • Brian Strittmater (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Haney (Vice President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Matt Lorenz (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Neera Chatterjee (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ronda Chakolis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jeremie Greer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kara Mcguire (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Emma Molls (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Desmond Nation (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jerry Morris (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Nolen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Greg Pesky (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marsha Pitts-Phillips (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elizabeth White (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ron Zweber (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.prepareandprosper.org

    Where can I find the form 990 for Prepare And Prosper?

    The Prepare And Prosper’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.prepareandprosper.org

    Learn more at the official website: www.prepareandprosper.org

    Mission Statement of Prepare And Prosper

    Prepare and Prosper, a nonprofit organization, is dedicated to enhancing the financial well-being of individuals with moderate to low incomes. Their mission is twofold: firstly, they provide free tax preparation services to help individuals comply with tax obligations and maximize their tax refunds, often through income-boosting tax credits like the EITC. Secondly, they offer financial coaching and access to various products and services to assist individuals in achieving their short-term and long-term financial goals.

    By leveraging the skills of hundreds of volunteers, Prepare and Prosper aids individuals in navigating the complex tax code. Their tax preparation services have served over 7,700 taxpayers, returning over $20 million in refunds and credits. Moreover, they integrate financial services into the tax filing process, offering opportunities for customers to engage with and improve other financial aspects of their lives, such as reviewing credit reports, accessing financial products, and connecting to financial planning services.

    Prepare and Prosper's financial services are designed to contribute to their clients' financial goals. Trained volunteers work with clients to determine if the organization's financial products, services, or referrals can be beneficial. This may include access to FAIR checking and savings accounts, connecting to pro-bono financial planning, or participating in Prepare and Prosper's financial coaching program, Money Mentors. Overall, Prepare and Prosper aims to empower individuals to manage their finances effectively, promoting financial stability and well-being.

    Impact

    This information is meant to be a general summary of Prepare And Prosper. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Prepare And Prosper's impact is significant in helping individuals with low to moderate incomes build financial well-being through free tax preparation, financial services, products, and coaching. Their services not only help individuals navigate the tax code and meet their obligations but also enable many to access income-boosting tax credits like the EITC. Additionally, by integrating financial services into the tax filing process, Prepare And Prosper provides customers with opportunities to improve other areas of their financial lives. Through their efforts, they have served over 7,700 taxpayers, returning over $20 million in refunds and credits. Their mission to create economic opportunities for individuals in St. Paul, MN, is commendable and demonstrates a commitment to improving financial well-being for those in need.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,469
  • Program Service Revenue: $3,577
  • Gross Receipts: $2,177,170

    • Assets and Liabilities:
  • Total Assets: $2,509,288
  • Total Liabilities: $108,091
  • Net Assets: $2,401,197
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Other Program Revenue

    Revenue

    $2,797

    Training Fees

    Revenue

    $780

    Organization Details

    Founding Year

    1971

    Principal Officer

    Suyapa Miranda

    Main Address

    2610 University Ave W 450, St Paul, MN, 55114

    NTEE Category

    Code: P51Z - Human services

    If you are a representative of Prepare And Prosper and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.