Prosperity Now
Prosperity Now
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About this organization
Mission
Prosperity Now (formerly CFED) believes that everyone deserves a chance to prosper. Since 1979, we have helped make it possible for millions of people, especially people of color and those of limited incomes, to achieve financial security, stability and, ultimately, prosperity. We offer a unique combination of scalable practical solutions, in-depth research and proven policy solutions, all aimed at building wealth for those who need it most. Our mission is to ensure everyone in our country has a clear path to financial stability, wealth and prosperity.
About
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 CAPABILITY FIELDS. THE TEAM MANAGES PROSPERITY NOW'S NATIONAL NETWORKS OF ADVOCATES, PRACTITIONERS, POLICYMAKERS AND OTHERS WORKING TO ENSURE THAT LOW- AND MODERATE-INCOME FAMILIES HAVE THE SKILLS, SUPPORTS AND OPPORTUNITIES TO FUNDAMENTALLY IMPROVE THEIR ECONOMIC POSITION.ADDITIONALLY, IN 2014, PROSPERITY NOW ASSUMED A COMPREHENSIVE FISCAL SPONSORSHIP ROLE FOR THE TAX ALLIANCE FOR ECONOMIC MOBILITY (TAEM) PROJECT. DURING 2018, PROSPERITY NOW RECEIVED $24,000 AND SPENT $34,762, BASED ON ACTUAL EXPENDITURES INCURRED IN SUPPORT OF THE PROJECT.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “Prosperity now's (formerly cfed) 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 policy change at all levels of government. we support the efforts of community leaders across the country to advance economic opportunity for all.”.
When discussing its operations, they were defined as: “See part iii, line 1.”.
- The state where the non-profit operates has been legally reported as DC.
- The filing indicates that the non-profit's address in 2020 is located at 1200 G STREET NW NO 400, WASHINGTON, DC, 20005.
- The non-profit has reported 101 employees on their form as of 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is -$2,197,811.
- The organization has 14 independent voting members.
- The organization was formed in 1979.
- The organization pays $9,246,739 in salary, compensation, and benefits to its employees.
- The organization pays $885,935 in fundraising expenses.