EIN 27-2911776

Prosperity Catalyst

IRS 501(c) type
501(c)(3)
Num. employees
2
Year formed
2010
Most recent tax filings
2023-09-01
NTEE code, primary
Description
Prosperity Catalyst empowers women-led businesses in distressed regions through training and creating economic opportunities. Based in Beverly, MA.
Total revenues
$937,534
2023
Total expenses
$890,705
2023
Total assets
$212,186
2023
Num. employees
2
2023

Program areas at Prosperity Catalyst

In 2013, not long after the earthquake, pcat started working in haiti, by providing business management training to 100 women in cap-haitian and launching a women-led candle production and export company called fanm limye (women illuminated), a for-profit business, which is 97% owned by Prosperity Catalyst with each of the remaining shares owned by two pcat board members and the current executive director. Fanm limye is also registered in haiti as a local nonprofit. In january 2015, pcat moved the operation to port-au-prince (pap), where there would be easier and cheaper access to supplies and to both local and export markets.the group of women trained in candle-making in pap found that their production was hampered by high quality beeswax, so pcat decided to work with local beekeepers starting in 2016. To date, we have trained 1,108 beekeepers, 62% women in 5 communes of the west department and 3 communes of nippes department. This year we added agroforestry training to the 32 beekeeping communities and planted another 25,000 trees. We are also launching a maternal child health and nutrition component.
Our work in iraq has a special emphasis on supporting and providing economic opportunities for female heads of household, war widows, internally displaced persons (idps), and other vulnerable women. In 2013, Prosperity Catalyst launched an innovative and market-driven model in baghdad, iraq, with the goal of creating economic opportunity for hundreds of iraqi women. We have supported operations in erbil, dohuk, mosul, baghdad, basra, dhi qar, muthana, and hilla. To date, we have provided technical training to 1,695 iraqi artisans, 93% women; provided business feasibility and planning training to 1,428 entrepreneurs909 artisans, 9285% women; and provided business expansion or start-up kits to 154 142 artisan businesses employing more than 505 people. We have also trained 103 tour guides and 150 tourism entrepreneurs, 55% women.

Who funds Prosperity Catalyst

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Flora Family Foundation (FFF)General Operating Expenses$40,000
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$39,059
The Ayco Charitable FoundationCommunity & Human Services$25,000
...and 4 more grants received

Personnel at Prosperity Catalyst

NameTitleCompensation
Catherine GibbonsExecutive Director$100,416
Mark KrippTreasurer$0
Anthony RockBoard Chair / Board Member$0
Kate WallaceSecretary / Board Member$0
Tony RockBoard Chair$0
...and 5 more key personnel

Financials for Prosperity Catalyst

RevenuesFYE 09/2023
Total grants, contributions, etc.$963,354
Program services$0
Investment income and dividends$0
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-22,647
Net income from fundraising events$-3,173
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$937,534

Form 990s for Prosperity Catalyst

Fiscal year endingDate received by IRSFormPDF link
2023-092024-06-13990View PDF
2022-092023-08-14990View PDF
2021-092022-07-27990View PDF
2020-092021-08-16990View PDF
2019-092020-10-08990View PDF
...and 9 more Form 990s

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YouthlincSalt Lake City, UT$2,681,462
Miracle Corners of the WorldNew York, NY$1,001,934
Reach for UgandaArlington, VA$844,632
To Move Mountains ProjectsBoone, NC$798,211
Community Coalition for HaitiVienna, VA$764,044
Impact Network InternationalNew York, NY$989,197
Data update history
July 17, 2024
Received grants
Identified 2 new grant, including a grant for $12,500 from The Boston Foundation (TBF)
December 24, 2023
Received grants
Identified 1 new grant, including a grant for $6,000 from ImpactAssets
October 6, 2023
Posted financials
Added Form 990 for fiscal year 2022
October 6, 2023
Updated personnel
Identified 1 new personnel
August 17, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Employment organizationsInternational-focused organizationsCharities
Issues
Foreign affairsInternational development
Characteristics
Fundraising eventsOperates internationallyState / local levelTax deductible donationsAccepts online donations
General information
Address
PO Box 5542
Beverly, MA 01915
Metro area
Boston-Cambridge-Newton, MA-NH
County
Essex County, MA
Website URL
prosperitycatalyst.org/ 
Phone
(617) 936-0187
IRS details
EIN
27-2911776
Fiscal year end
September
Taxreturn type
Form 990
Year formed
2010
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
Q33: International Relief
NAICS code, primary
624310: Vocational Rehabilitation Services
Parent/child status
Independent
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