NonprofitsProsperityme

Human Services

Prosperityme

PORTLAND, ME

Total revenue

$2.5M

Total expenses

$2.1M

Net assets

$4.3M

Grants received

$3.1M

69 grants

EIN

800362127

Tax year

2024

Mission

Prosperityme empowers, through education and counseling, members of refugee and immigrant communities to invest in themselves to build financial stability, careers, businesses and wealth.

Programs

3 programs

Financial literacy: prosperityme provided courses in basic money management, womens economic empowerment, financial coaching and counseling services. In 2024 prosperityme served 365 students through financial education classes, women's economic empowerment programming, how to be a successful tenant and 38 clients through individual sessions.

Expenses: $317KGrants: $50K

The home energy assistance program: the home energy assistance program (heap) is a program that provides a fixed amount of funding to maine each year from the federal government. The home energy assistance program (heap) helps qualified homeowners and renters pay for heating costs. Benefits include help paying for fuel and emergency fuel delivery. You can also qualify for energy-related repairs if you are eligible for heap. Prosperityme staff assisted 283 families with heap in 2024.

Expenses: $196K

The peer workforce navigator project is a coalition of community-based organizations that help people make connections with education and training, apprenticeships, unemployment insurance, healthcare, public benefits, and things they need to get and keep a good job. Prosperityme served over 1,100 individuals with this program. The scholarship for asylum seeker program: the scholarship program is an education resource that helps asylum-seekers obtain an associate degree at a community college for two years or vocation certificate. Awardees are matched with professional mentors to help them build a network and find a job. Prosperityme awarded scholarships to 15 students in 2024. Individual development accounts: the ida program is a multifaceted financial education and matched savings program aimed at supporting low and moderate income immigrant households in their journey to financial stability. The program provides 1:1 support and matched savings for individuals and households who are pursuing post-secondary education and the startup of a small business. In 2024 the program enrolled 11 savers; 8 with a goal to start or grow a new business, and 3 who are pursuing higher education.

Expenses: $324KGrants: $47K

Financials

FY 2024

Revenue

Contributions & grants$2.4M
Program service revenue
Investment income$160K
Other revenue
Total revenue$2.5M

Expenses

Grants paid$283K
Salaries & benefits$1.5M
Fundraising$214K
Other expenses$356K
Total expenses$2.1M
Total assets$5.1M
Net assets$4.3M

People

13 listed

NameRoleCompensation

CLAUDE K RWAGANJE

EXECUTIVE DI

Board

$198K

40 hrs/wk

MICHELLE ALLEN

BOARD MEMBER

Board

1 hrs/wk

MARY AXELSEN

BOARD MEMBER

Board

1 hrs/wk

PATRICK CLANCY

BOARD MEMBER

Board

1 hrs/wk

EILEEN FONGEMIE

TREASURER

Board

2 hrs/wk

MARTHA FOX

VICE CHAIR

Board

2 hrs/wk

TARA JENKINS

BOARD MEMBER

Board

1 hrs/wk

E'NKUL KANAKAN

BOARD MEMBER

Board

1 hrs/wk

TYLER NOROD

BOARD MEMBER

Board

1 hrs/wk

GIMBALA SANKARE

CHAIR

Board

2 hrs/wk

COLETTE TWIGG-ROWSE

SECRETARY

Board

2 hrs/wk

SHERRIN VAIL

BOARD MEMBER

Board

1 hrs/wk

REBECCA WINSLOW

BOARD MEMBER

Board

1 hrs/wk

Grants received

Showing 69 of 69

FromAmountPurposeYear
$125K
TO PROMOTE THE WORK OF THE ORGANIZATION
2024
$65K
General Operating Support
2024
$40K
OPERATING SUPPORT
2024
$40K
Financial Counseling
2024
$20K
General Support
2024
$10K
Financial Literacy and empowerment program for Maine's immigrant community.
2024
$10K
General Operating Support
2024
$3K
Program Support Grant
2024
$1K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2024
$250K
Individual Development Account Program
2023
$225K
Individual Development Accounts; Chart Your Course program
2023
$100K
TO PROMOTE THE WORK OF THE ORGANIZATION
2023
$83K
CHARTING YOUR COURSE PILOT PROGRAM
2023
$57K
Financial Counseling
2023
$35K
General Operating Support
2023
$30K
GENERAL SUPPORT
2023
$21K
For grant recipient's exempt purposes
2023
$20K
GENERAL OPERATING SUPPORT
2023
$15K
General Operating Support
2023
$10K
To support the core financial literacy and empowerment programs for Maine's immigrant community.
2023
$10K
GENERAL SUPPORT
2023
$8K
PROGRAM/OPERATING SUPPORT
2023
$2K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2023
$580K
For grant recipient's exempt purposes
2022
$85K
To support the Womens Small Business Empowerment Project
2022
$67K
Financial Counseling
2022
$45K
ASYLUM SEEKER SUPPOR
2022
$40K
GROWING MAINE'S ECONOMY BY ECONOMICALLY EMPOWERING IMMIGRANTS
2022
$25K
GENERAL SUPPORT
2022
$23K
Research
2022
$20K
General Support
2022
$20K
General Operating Support
2022
$10K
General Operating Support
2022
$10K
GENERAL SUPPORT
2022
$10K
MAINE COMMUNITY COLLEGE SCHOLARSHIPS FOR ASYLUM-SEEKING STUDENTS
2022
$8K
PROGRAM/OPERATING SUPPORT
2022
$8K
WORKER ADVOCACY
2022
$5K
GENERAL OPERATING SUPPORT
2022
$5K
GENERAL SUPPORT
2022
$94K
For grant recipient's exempt purposes
2021
$94K
For grant recipient's exempt purposes
2021
$25K
CREDIT TO KIDS ADVOC
2021
$25K
GENERAL CHARITABLE CONTRIBUTION FOR HUMANITARIAN AID
2021
$20K
FINANCIALLY EMPOWERING IMMIGRANT COMMUNITIES IN MAINE
2021
$17K
Research
2021
$10K
GENERAL OPERATING SUPPORT
2021
$10K
General Operating Support
2021
$5K
To support housing and youth programs
2021
$1K
DONATIONS TO COLLEGES, UNIVERSITIES AND OTHER ORGANIZATIONS UNDER "MATCHING GIFTS PROGRAM."
2021
$138K
$85,000 gift to the Center for Financial Education; $52,500 general support
2020
$47K
Financial Counseling, COVID-19 Related Assistance
2020
$30K
ECONOMIC DEVELOPMENT & RELIEF FOR IMMIGRANTS IMPACTED BY COVID-19
2020
$15K
BRINGING FINANCIAL EMPOWERMENT TO MAINE'S IMMIGRANTS PROGRAM
2020
$15K
General Support
2020
$10K
GENERAL SUPPORT
2020
$15K
For grant recipient's exempt purposes
2019
$10K
ECONOMICALLY SUPPORTING LOW-INCOME IMMIGRANTS DURING COVID-19
2019
$10K
PROGRAM/OPERATING SUPPORT
2018

Funded by

$3.1M from 29 funders · 69 grants · 2018–2024

Fidelity Investments Charitable Gift Fund

$804K · 5 grants · 2019–2023

John T Gorman Foundation

$310K · 2 grants · 2022–2023

Donor Advised Charitable Giving Inc

$255K · 4 grants · 2018–2023

Maine Technology Institute

$250K · 1 grant · 2023

Elmina B Sewall Foundation

$248K · 4 grants · 2020–2024

The Pasculano Foundation

$225K · 2 grants · 2023–2024

Maine Community Foundation Inc

$212K · 4 grants · 2020–2024

Sam L Cohen Foundation

$110K · 3 grants · 2020–2024

Details

EIN800362127
NTEE codeP51
Subsection03
Ruling date2009-11
Formed2007
Employees25
Volunteers30
PROSPERITYME — Mission, Financials & Grants Received | Grantivo