EIN 80-0362127

ProsperityME

IRS 501(c) type
501(c)(3)
Num. employees
33
State
Year formed
2007
Most recent tax filings
2023-12-01
Description
ProsperityME empowers members of refugee and immigrant communities by providing education and counseling to help them invest in themselves and build financial stability, careers, businesses, and wealth. The organization provided courses on basic money management, COVID-19 education, and financial counseling to 139 individuals and families. In addition, ProsperityME offered three workshops on housing that served seven families. Five individuals received support from the organization.
Also known as...
Community Financial Literacy
Total revenues
$5,434,958
2023
Total expenses
$4,029,651
2023
Total assets
$6,928,836
2023
Num. employees
33
2023

Program areas at ProsperityME

The housing program works with immigrant individuals and families at risk of homelessness to create a long-term plan for housing and financial stability. The goal is to reduce the length of time families spend in homelessness or precarious housing situations, successfully lease families in permanent housing, and limit returns to homelessness within the first year of being housed. Prosperityme provided housing services to 1,272 unduplicated households and housed 139 individuals and families in 2023.
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 1,034 individuals with this program.
Financial literacy: Prosperityme provided courses in basic money management, womens economic empowerment, financial coaching and counseling services. In 2023 Prosperityme served 223 students through financial education classes, how to be a successful tenant and 3 clients through individual sessions.
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 has awarded 50 scholarships to date and provided tuition to 12 students in 2023. 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. This was new program staff were in training and the services started at the end of december and only 4 families were served.

Who funds ProsperityME

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Fidelity Investments Charitable Gift FundFor Grant Recipient's Exempt Purposes$579,850
Schwab Charitable FundHuman Services$124,039
John T. Gorman FoundationTo Support the Womens Small Business Empowerment Project$85,000
...and 15 more grants received

Personnel at ProsperityME

NameTitleCompensation
Claude RwaganjeFounder and Executive Director$122,633
Joanna CaouetteDirector of Programs
Dieudonne NzeyimanaDirector of Housing
Thomas "Tuck" Barclay, DevelopmentDirector
Colette Twigg-RowseBoard Secretary$0
...and 4 more key personnel

Financials for ProsperityME

RevenuesFYE 12/2023
Total grants, contributions, etc.$5,313,422
Program services$23,660
Investment income and dividends$119,088
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$-9
Net income from fundraising events$-28,955
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$7,752
Total revenues$5,434,958

Form 990s for ProsperityME

Fiscal year endingDate received by IRSFormPDF link
2023-122024-09-17990View PDF
2022-122023-11-15990View PDF
2021-122022-08-23990View PDF
2020-122021-08-23990View PDF
2019-122020-09-01990View PDF
...and 9 more Form 990s
Data update history
October 21, 2024
Received grants
Identified 5 new grant, including a grant for $45,000 from Maine Initiatives
July 9, 2024
Received grants
Identified 1 new grant, including a grant for $15,000 from Rocking Moon Foundation
April 30, 2024
Updated personnel
Identified 5 new personnel
January 19, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 2, 2024
Received grants
Identified 8 new grant, including a grant for $85,000 from John T. Gorman Foundation
Nonprofit Types
Civic / social organizationsHuman service organizationsEthnic centersCharities
Issues
EducationHuman servicesImmigration
Characteristics
Fundraising eventsReceives government fundingProvides scholarshipsTax deductible donationsAccepts online donations
General information
Address
175 Lancaster St Suite 216a
Portland, ME 04101
Metro area
Portland-South Portland, ME
County
Cumberland County, ME
Website URL
prosperityme.org/ 
Phone
(207) 797-7890
IRS details
EIN
80-0362127
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2007
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
P84: Ethnic, Immigrant Centers and Services
NAICS code, primary
813410: Civic and Social Organizations
Parent/child status
Independent
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