Prospect Foundation
- Assets
- $395.3k
- Revenue
- $23.2k
- Investments
- $255.9k
- Employees
- 0
- Location
- North Sutton, NH
- Founding
- 07/2019
- Data as of
- 12/2023
- EIN
- 83-3673178
Organization Overview
Prospect Foundation is located in North Sutton, NH. The organization was established in 2019. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prospect Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Prospect Foundation generated $23.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (44.1%) each year. All expenses for the organization totaled $17.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Menning Chairman | 0 | $0 | |
Jenny Menning Secretary & Tru | 0 | $0 | |
Brittany Campbell Financial Secre | 0 | $0 | |
Evan Campbell Trustee | 0 | $0 | |
Marilyn Menning Trustee | 0 | $0 | |
Matthew Menning Treasurer And T | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $44 |
| Dividends & Interest | $16,827 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,289 |
| Capital Gain Net Income | $6,289 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $23,160 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $198 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $177 |
| Total operating and administrative expenses | $875 |
| Contributions, gifts, grants paid | $16,837 |
| Total expenses and disbursements | $17,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $139,369 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $255,932 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $395,301 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Prospect Foundation has awarded $16,837 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOYS GIRLS CLUB OF MANCHESTER PURPOSE: ANNUAL GOLF TOURNAMENT | $2,000 |
ELM GROVE CARES - MANCHESTER PROUD PURPOSE: CHAMPIONING STUDENT SUCCESS. REIMAGING OUR PUBLIC SCHOOLS. | $4,220 |
TEEN CHALLENGE OF MANCHESTER PURPOSE: GENERAL SUPORT | $1,000 |
THE BUCKEYE RANCH PURPOSE: GENERAL SUPPORT | $3,500 |
KEARSARGE FOOD HUB PURPOSE: GENERAL SUPPORT | $1,030 |
COMMUNITIES IN SCHOOL PURPOSE: GENERAL SUPPORT | $2,047 |