Prairie Rose Development Corp
- Assets
- $31.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Kirk, CO
- Founding
- Data as of
- 12/2023
- EIN
- 85-1239978
Organization Overview
Prairie Rose Development Corp is located in Kirk, CO. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prairie Rose Development Corp is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PRAIRIE ROSE DEVELOPMENT SUCCESSFULLY LAUNCHED A STATEWIDE KIVA HUB FOR COLORADO IN MID 2021 AND 2022 WAS THE FIRST FULL YEAR OF OPERATIONS. KIVA IS A CROWD-FUNDED 0% INTEREST RATE SMALL BUSINESS LOAN PROGRAM (LOANS IN THE RANGE OF $1,000 TO $15,000) FOR OTHERWISE FINANCIALLY EXCLUDED ENTREPRENEURS LOOKING TO CREATE SOCIALLY IMPACTFUL SMALL BUSINESSES THAT HAVE THE POTENTIAL TO CREATE JOBS IN THEIR LOCAL COMMUNITIES. TWO PART-TIME BILINGUAL CAPITAL ACCESS MANAGERS PROVIDED TECHNICAL ASSISTANCE AND FUNDING HELP TO MORE THAN 400 EXISTING AND POTENTIAL SMALL BUSINESS OWNERS. THIRTY-TWO LOANS TOTALING $266,000 WERE FUNDED IN 2023 BY MORE THAN 7,400 INDIVIDUAL LENDERS. SEVENTY-TWO PERCENT OF ALL LOANS WERE MADE TO WOMAN-OWNED BUSINESSES AND MORE THAN 50% OF ALL LOANS GO TO BIPOC AND MINORITY OWNED FIRMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike O'donnell Executive Director | 16 | $0 | |
Kt Homes President | 1 | $0 | |
Bonnie Watson Vice President | 1 | $0 | |
Delaney Keating Treasurer | 1 | $0 | |
Rod Bolls Secretary | 1 | $0 | |
Brittany Romano Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $44,259 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $44,259 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $33,858 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $774 |
| Printing, publications, postage, and shipping | $552 |
| Other expenses | $7,972 |
| Total expenses | $43,156 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,052 |
| Other assets | $0 |
| Total assets | $31,523 |
| Total liabilities | $480 |
| Net assets or fund balances | $31,043 |