Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 2 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.... | ||||||
| 3 | The value of services or facilities furnished by a governmental unit to the organization without charge.. | ||||||
| 4 | Total. Add lines 1 through 3 | ||||||
| 5 | The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f) .. | ||||||
| 6 | Public support. Subtract line 5 from line 4. | ||||||
Calendar year
(or fiscal year beginning in)
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(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 7 | Amounts from line 4.. | ||||||
| 8 | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources... | ||||||
| 9 | Net income from unrelated business activities, whether or not the business is regularly carried on.. | ||||||
| 10 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 2,770,660 | 6,826,011 | 1,491,417 | 1,776,607 | 1,480,684 | 14,345,379 |
| 2 | Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose | 2,137,769 | 2,101,478 | 616,826 | 1,183,191 | 1,976,369 | 8,015,633 |
| 3 | Gross receipts from activities that are not an unrelated trade or business under section 513 ..... | ||||||
| 4 | Tax revenues levied for the organization's benefit and either paid to or expended on its behalf... | ||||||
| 5 | The value of services or facilities furnished by a governmental unit to the organization without charge | ||||||
| 6 | Total. Add lines 1 through 5 | 4,908,429 | 8,927,489 | 2,108,243 | 2,959,798 | 3,457,053 | 22,361,012 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 950,000 | 125,000 | 550,000 | 125,000 | 20,000 | 1,770,000 |
| b | Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year. | 0 | |||||
| c | Add lines 7a and 7b.. | 950,000 | 125,000 | 550,000 | 125,000 | 20,000 | 1,770,000 |
| 8 | Public support. (Subtract line 7c from line 6.) | 20,591,012 | |||||
Calendar year (or fiscal year beginning in) ![]() |
(a) 2018 | (b) 2019 | (c) 2020 | (d) 2021 | (e) 2022 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 4,908,429 | 8,927,489 | 2,108,243 | 2,959,798 | 3,457,053 | 22,361,012 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 39,780 | 135,563 | 59,652 | 44,934 | 146,157 | 426,086 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 39,780 | 135,563 | 59,652 | 44,934 | 146,157 | 426,086 |
| 11 | Net income from unrelated business activities not included on line 10b, whether or not the business is regularly carried on. | ||||||
| 12 | Other income. Do not include gain or loss from the sale of capital assets (Explain in Part VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 4,948,209 | 9,063,052 | 2,167,895 | 3,004,732 | 3,603,210 | 22,787,098 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2022 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2022 |
(iii) Distributable Amount for 2022 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2022 from Section C, line 6 | ||||
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2
Underdistributions, if any, for years prior to 2022 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2022: | ||||
| a From 2017....... | ||||
| b From 2018....... | ||||
| c From 2019....... | ||||
| d From 2020....... | ||||
| e From 2021....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2022 distributable amount | ||||
|
i
Carryover from 2017 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2022 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2022 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2022, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2022. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2023. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2018..... | ||||
| b Excess from 2019..... | ||||
| c Excess from 2020..... | ||||
| d Excess from 2021..... | ||||
| e Excess from 2022..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART I, LINE 1, DESCRIPTION OF ORGANIZATION MISSION: | PROSPECTS, OPPORTUNITY AND ENRICHMENT, INC. (POE), THE 501(C)(3) NON-PROFIT OPERATING THE PROSPECTOR THEATER, IS DEDICATED TO PROVIDING COMPETITIVE AND INCLUSIVE EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. POE CURRENTLY IMPLEMENTS ITS MISSION THROUGH THE OPERATION OF A FIRST-RUN MOVIE THEATER IN RIDGEFIELD, CT AND A DEDICATED E-COMMERCE PLATFORM FOR THEIR GOURMET POPCORN. POE'S MODEL CAN BE APPLIED TO OTHER INDUSTRIES OFFERING MUCH-NEEDED, IN-DEMAND EMPLOYMENT OPPORTUNITIES FOR PEOPLE WITH DISABILITIES. AROUND 75% OF PROSPECTS, THE NAME OF ALL PROSPECTOR EMPLOYEES, SELF-IDENTIFY WITH A DISABILITY. WE JOB CARVE, ELIMINATE OBSTACLES, DOCUMENT WATCHOUTFORS, AND RIGOR-TEST WITH THE LATEST ADAPTIVE TECHNOLOGIES AND ACCESSIBLE SERVICES. THROUGH OUR SIGNATURE SPARKLE-MINING PROCESS, WE TRANSFORM PASSIONS INTO PROFESSIONS. OUR GOAL IS TO CREATE MEANINGFUL WORK FOR MILLIONS OF PEOPLE WITH DISABILITIES. THERE IS A DESPERATE NEED FOR OUR WORK; NEARLY 80% OF AMERICANS WITH DISABILITIES DO NOT HAVE A JOB. BY ENGAGING GUESTS, MOVIEGOERS, EDUCATORS, STUDENTS, BUSINESSES, AND MORE, PROSPECTOR STANDS AS A SPARKLY BEACON OF HOPE FOR MILLIONS OF PEOPLE WITH DISABILITIES WHO CAN WORK, WANT TO WORK, BUT HAVE YET TO EXPERIENCE THE JOYS OF COMPETITIVE AND INCLUSIVE EMPLOYMENT. |
| FORM 990, PART III, LINE 4A, PROGRAM SERVICE ACCOMPLISHMENTS: | MOVIES FOR EVERYONE MOVIES ARE BETTER WHEN WE'RE TOGETHER! THE PROSPECTOR IS COMMITTED TO ACCESSIBLE AND INCLUSIVE MOVIEGOING, SERVING AS A MODEL FOR HOW EXHIBITORS CAN WELCOME AND ACCOMMODATE EVERY MOVIE LOVER. WE HAVE BUILT MEANINGFUL RELATIONSHIPS WITH STUDIOS, STARS, DIRECTORS, TECHNOLOGY PROVIDERS, AUDIO DESCRIPTION NARRATORS, AND OTHER INDUSTRY STAKEHOLDERS TO SPARK CONVERSATIONS ABOUT, AND PROVIDE FEEDBACK ON, ACCESSIBLE HOLLYWOOD CONTENT. ONE SUCH EXAMPLE IS THE PROSPECTOR'S ASL CLASS. PROSPECTS ENLISTED THE HELP OF SUZANNE AND LEROY TERRIO, PROUD SUPPORTERS AND MOVIEGOERS FROM RIDGEFIELD, TO LEARN AMERICAN SIGN LANGUAGE (ASL). THE SESSIONS FOCUSED ON BASIC SIGNS AND MOVIE THEATER-SPECIFIC VOCABULARY. AS WE ENGAGED MORE MEMBERS OF THE DEAF COMMUNITY, WE DISCOVERED AN OVERARCHING THEME - THE NEED FOR OPEN CAPTION SCREENINGS. THE PROSPECTOR STARTED PRIME-TIME, PREMIERE-WEEKEND, OPEN CAPTION SCREENINGS - INCLUDING A PREMIERE OF CODA FEATURING A Q&A WITH REAL-LIFE CODAS, AS WELL AS ACADEMY AWARD-WINNING ACTOR TROY KOTSUR. LAST YEAR, OUR VERY OWN ALI INTERVIEWED TROY AFTER HE WON HIS AWARD. DURING THEIR TALK, ALI AND TROY DISCUSSED THE CULTURAL IMPORTANCE OF CODA AND THE NEED FOR HOLLYWOOD TO CREATE MORE CONTENT THAT AUTHENTICALLY REPRESENTS MARGINALIZED COMMUNITIES. PROSPECTS ALSO CONTINUED A SKILLS-SHARING PARTNERSHIP WITH DREAMWORKS ANIMATION'S MYABILITIES TEAM. PROSPECTS EAGERLY SHARE THE SPARKLING MOVIEGOING EXPERIENCES AND THEMATIC INSTALLATIONS WE CURATE FOR DREAMWORKS FILMS, WHILE DREAMWORKS EMPLOYEES HOST PROFESSIONAL DEVELOPMENT SEMINARS WITH MEMBERS OF OUR PROSPECT PRODUCTIONS TEAM. BUILDING A BETTER MOVIEGOING EXPERIENCE IS CONTINUOUS EFFORT. PROSPECTS REMAIN ON THE CUTTING-EDGE OF OUR INDUSTRY, RESEARCHING NEW ACCESSIBILITY PRACTICES, SERVICES, FEATURES, AND TOOLS. WHEN WE DISCOVER UNIVERSALLY DESIGNED PRODUCTS THAT WE BELIEVE WILL BETTER OUR BUSINESS, WE'RE QUICK TO EXPLORE AND RIGOR-TEST. IN THIS SPIRIT, WE BEGAN OUR JOURNEY OF BECOMING A GOODMAPS VENUE. GOODMAPS IS A SOFTWARE DEVELOPER THAT CREATES AND MAINTAINS A FREE-TO-USE APP HOSTING SECURE 2D AND 3D DIGITAL MAPS OF PARTNERING ORGANIZATIONS. THE PROSPECTOR WAS THE FIRST EVER MOVIE THEATER TO PARTNER WITH GOODMAPS, ONCE AGAIN DEMONSTRATING HOW WE ARE LEADING THE CHARGE FOR INCLUSIVE MOVIEGOING. THE MAPS THEY ARE CREATING FOR US WILL IMPROVE OUR ACCESSIBILITY AND SAFETY, PROVIDING USERS WITH GUIDED NAVIGATION OF THE BUILDING, AS WELL AS DESCRIPTIONS OF MENUS, ARTWORK, AND MORE. OUR EXPERIENCES, NETWORK, AND SPARKLE PROVIDE US WITH THE TOOLS TO SERVE AS A RESOURCE FOR THOUSANDS OF MOVIE THEATERS LOOKING TO IMPROVE THEIR BUSINESS AND REACH THROUGH ACCESSIBLE MOVIEGOING. OUTPERFORMING POPCORN PROJECTIONS GROWTH REQUIRES THE RIGHT RECIPE. WITH THE PERFECT INGREDIENTS, A PROPER PLAN, AND A DASH OF SPARKLE, A MORSEL OF AN IDEA CAN POP INTO A WORLD OF OPPORTUNITIES. THE PROFESSIONAL POPCORNISTAS IN THE PROSPECTOR'S KITCHEN PLAY A STARRING ROLE IN OUR GROWTH AND EXPANSION, THANKS TO THE SUCCESS OF OUR E-COMMERCE BUSINESS. AFTER TACKLING THE GROWING PAINS THAT COME FROM LEARNING A NEW BUSINESS MODEL, THE PROSPECTOR POPCORN TEAM HAS DOVE HEAD FIRST INTO THE WORLD OF E-COMMERCE, LEARNING BEST PRACTICES AND DATA ANALYTICS. AFTER OPENING THE ONLINE SHOP IN OCTOBER OF 2021, IT TOOK US NEARLY A YEAR TO REACH OUR 1,000TH ORDER. BUT WITHIN A MONTH OF REACHING THIS MILESTONE, WE SOLD ANOTHER 1,000 ORDERS. THANKS IN PART TO SOME FANTASTIC PRESS COVERAGE, OUR ONLINE BUSINESS IS BOOMING! WE'VE SHIPPED POPCORN TO ALL FIFTY STATES, EXPANDING OUR CUSTOMER BASE AND INTRODUCING NEW COMMUNITIES TO OUR SPARKLE. WE'RE ON TRACK TO OUTPERFORM OUR 2023 PROJECTIONS FOR GROSS INCOME AND JOBS CREATED. OUR ONLINE POPCORN BUSINESS HAS EMERGED AS AN IDEAL WAY TO DIVERSIFY OUR REVENUE STREAMS AND CREATE MORE MEANINGFUL WORK. WE HAVE PLANS TO SCALE AND EXPAND OUR GOURMET POPCORN KITCHEN THIS YEAR, INCREASING OUR PRODUCTION CAPACITY AND OPTIMIZING THE SPACE. WITH PROMISING PROJECTIONS ON THE HORIZON, WE'RE BUILDING PLANS FOR FUTURE GROWTH AND EXPANSION. TEACHING HOW WE WORK MILLIONS OF PEOPLE WITH DISABILITIES DON'T HAVE A JOB. WE'RE ON A MISSION TO CHANGE THAT. SINCE OPENING, THE PROSPECTOR HAS RECEIVED HUNDREDS OF INQUIRIES FROM BUSINESSES, NON-PROFITS, SCHOOLS, AND COMMUNITY STAKEHOLDERS ABOUT HOW TO CREATE MORE COMPETITIVE AND INCLUSIVE EMPLOYMENT FOR PEOPLE WITH DISABILITIES. WITH ALMOST A DECADE OF OPERATIONS UNDER OUR BELT, THE PROSPECTOR IS UNIQUELY POSITIONED TO SERVE AS AN EDUCATIONAL RESOURCE FOR EMPLOYERS SMALL AND LARGE. IN THE FALL OF 2022, THE PROSPECTOR WELCOMED A GROUP FROM PARIS FOR A MULTI-DAY EDUCATIONAL EXPERIENCE. THE GROUP - CONSISTING OF EXECUTIVES, ENTREPRENEURS, NGO CHANGEMAKERS, AND LOCAL POLITICIANS - MADE THE JOURNEY TO PROSPECT STREET TO DISCOVER HOW THEY CAN TRANSFORM THEIR HISTORIC MOVIE THEATER INTO AN INCLUSIVE AND ACCESSIBLE MOVIEGOING DESTINATION OFFERING JOBS FOR PEOPLE WITH DISABILITIES. THE PROGRAM CONSISTED OF A TOUR, OVERVIEW OF THE MISSION, AND IN-DEPTH PROFESSIONAL DEVELOPMENT SESSIONS DETAILING HOW TO ADAPT ASPECTS OF THE PROSPECTOR'S MODEL. WITH THE LESSONS LEARNED FROM THE PROSPECTOR, THE PARIS TEAM IS NOW PREPARING FOR NEXT STEPS, INCLUDING AN UPCOMING PRESENTATION TO CITY OFFICIALS. MORE UPDATES SOON! OUR FRIENDS FROM FRANCE ARE ONE OF HUNDREDS OF INQUIRIES WE RECEIVE ANNUALLY. COMMUNITIES ACROSS THE WORLD WANT TO EXPERIENCE THE SPARKLE FOR THEMSELVES, AND PROSPECTOR IS READY TO ANSWER THE CALL. IN THE FALL OF 2022, THE PROSPECTOR BEGAN EXPLORING HOW TO OFFER MORE EDUCATIONAL PROGRAMMING TO BUSINESSES AND EMPLOYERS LOOKING TO TAP INTO THE INCREDIBLE TALENT POOL OF PEOPLE WITH DISABILITIES. THE PROCEDURES, PRODUCTS, AND CURRICULUM WE DEVELOP ARE UNIVERSALLY DESIGNED AND CAN BE TRANSLATED TO A VARIETY OF BUSINESSES. WE'RE EAGER TO PILOT THIS BUSINESS-MENTORSHIP PROGRAM IN 2023. IF WE CAN TEACH AND TRAIN MORE EMPLOYERS HOW TO SPARKLE-MINE, THE PROSPECTOR CAN HELP TO CREATE THOUSANDS MORE JOBS FOR PEOPLE WITH DISABILITIES. IN ADDITION TO EMPLOYERS, WE'RE ALSO DEVISING SOLUTIONS FOR JOBSEEKERS. OUR IT TEAM IS CURRENTLY BUILDING OUT A PLATFORM FOR TALENTED CANDIDATES TO SHARE THEIR SPARKLE WITH BUSINESSES IN THEIR COMMUNITY. TENTATIVELY NAMED SPARKLEMINE, THE ONLINE PLATFORM WILL BE A DIGITAL TRANSLATION OF THE PROSPECTOR'S SIGNATURE PROCESS OF SPARKLE-MINING. THE UNIVERSALLY-DESIGNED PLATFORM WILL ALLOW USERS TO BUILD OUT A DETAILED PROFILE OF WHO THEY ARE AND HOW THEY SPARKLE, ACTING AS A DIGITAL RESUME AND PORTFOLIO. IN CROWDSOURCING SPARKLE, WE CAN CONTINUE TO SHOW EMPLOYERS THE VALUE-ADDED THAT PEOPLE WITH DISABILITIES PROVIDE FOR THE WORKPLACE. ONCE THE PLATFORM IS READY TO BETA-TEST, OUR IT TEAM HOPES TO PARTNER WITH LOCAL AND NATIONAL BUSINESSES, INTRODUCING THEM TO JOBSEEKERS WHO CAN WORK, WANT TO WORK, AND ARE READY TO ROCK THEIR JOBS. |
| FORM 990, PART VI, SECTION A, LINE 6 | THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS (THE "MEMBERS"). IF AT ANY TIME THE CORPORATION DOES NOT HAVE AT LEAST ONE MEMBER, AND NO SUCCESSOR MEMBER HAS EFFECTIVELY BEEN ELECTED OR APPOINTED, THE CORPORATION SHALL CEASE TO BE A CORPORATION THAT HAS MEMBERS. THE INITIAL, AND CURRENT, MEMBER IS REBECCA CIOTA. |
| FORM 990, PART VI, SECTION A, LINE 7A | EACH MEMBER SHALL BE ENTITLED THE EXCLUSIVE RIGHT TO VOTE FOR THE ELECTION OF DIRECTORS, FILL VACANCIES ON THE BOARD, AND FROM TIME TO TIME, BY RESOLUTION, TO INCREASE OR DECREASE THE NUMBER OF DIRECTORS. |
| FORM 990, PART VI, SECTION A, LINE 7B | FOR SO LONG AS THE CORPORATION SHALL HAVE AT LEAST ONE MEMBER, THE RIGHTS OF THE MEMBERS SHALL INCLUDE: THE EXCLUSIVE POWER TO AMEND OR REPEAL THE CORPORATION'S BYLAWS; THE RIGHT TO REMOVE DIRECTORS, WITH OR WITHOUT CAUSE; THE RIGHT TO VOTE ON (I) AMENDMENTS TO THE CERTIFICATE OF INCORPORATION, (II) PROPOSALS TO DISSOLVE THE CORPORATION AND PLANS TO LIQUIDATE ITS ASSETS, (III) ANY PLAN OF MERGER NOT DESCRIBED IN SECTION 33-1156(8) OF THE ACT, AND (IV) ANY DISPOSITION OF THE CORPORATION'S ASSETS DESCRIBED IN SECTION 33-1166 OF THE ACT. |
| FORM 990, PART VI, SECTION A, LINE 8B | THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. |
| FORM 990, PART VI, SECTION B, LINE 11B | PROSPECTS, OPPORTUNITY AND ENRICHMENT, INC. HAS ITS FORM 990 PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND HAS ESTABLISHED THE FOLLOWING REVIEW PROCESS TO ENSURE THAT THE INFORMATION REPORTED IS COMPLETE AND ACCURATE. WHEN THE FORM 990 HAS BEEN PREPARED, REVIEWED BY THE PRESIDENT AND TREASURER, AND IS READY TO BE FILED WITH THE INTERNAL REVENUE SERVICE, IT IS ELECTRONICALLY SENT TO THE BOARD FOR APPROVAL. ONCE THE BOARD HAS APPROVED THE RETURN, IT IS FILED WITH THE INTERNAL REVENUE SERVICE. |
| FORM 990, PART VI, SECTION B, LINE 12C | ANNUAL DISCLOSURE STATEMENTS: EACH DIRECTOR AND EACH OFFICER SHALL ANNUALLY SIGN A STATEMENT, CONFIRMING THAT HE OR SHE HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; HAS READ, UNDERSTANDS, AND AGREES TO COMPLY WITH THE POLICY; AND UNDERSTANDS THAT THE CORPORATION IS A 501(C)(3) TAX-EXEMPT CHARITABLE ORGANIZATION WHICH, TO MAINTAIN ITS 501(C)(3) TAX-EXEMPT STATUS, MUST BE ORGANIZED AND OPERATED EXCLUSIVELY FOR CHARITABLE PURPOSES AND MUST COMPLY WITH THE LAWS GOVERNING CHARITABLE ORGANIZATIONS; AND DISCLOSING THE CONFLICTS OR POTENTIAL CONFLICTS OF INTEREST OF WHICH HE OR SHE IS AWARE. DISCLOSURE REQUIRED: AN OFFICER OR DIRECTOR SHALL DISCLOSE TO THE BOARD OF DIRECTORS OF THE CORPORATION (THE "BOARD") WHEN ANY PROPOSED TRANSACTION OR ARRANGEMENT, INCLUDING ANY GRANT, PENDING OR TO BE BROUGHT BEFORE THE BOARD OR ANY COMMITTEE OF THE BOARD (A "COMMITTEE") INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO THAT OFFICER OR DIRECTOR, OR ANY OTHER OFFICER OR DIRECTOR, OR INVOLVES OR MAY INVOLVE A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL BENEFIT TO AN INDIVIDUAL OR ENTITY WITH WHICH THAT DIRECTOR OR OFFICER, OR ANY OTHER OFFICER OR DIRECTOR, HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP (A "CONFLICT OF INTEREST MATTER"). REVIEW REQUIRED OF PROPOSED TRANSACTIONS AND ARRANGEMENTS: THE BOARD SHALL DETERMINE WHETHER THE PROPOSED TRANSACTION OR ARRANGEMENT IS, OR SHOULD BE TREATED AS, A CONFLICT OF INTEREST MATTER, AND IDENTIFY ANY DIRECTOR WHO HAS A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN OR WHO HAS A FAMILY, FINANCIAL, PROFESSIONAL OR EMPLOYMENT RELATIONSHIP WITH AN INDIVIDUAL OR ENTITY HAVING A PERSONAL PROFIT, GAIN OR OTHER FINANCIAL INTEREST THEREIN, WHICH RELATIONSHIP WOULD, IN THE CIRCUMSTANCES, REASONABLY BE EXPECTED TO EXERT AN INFLUENCE ON THE DIRECTOR'S JUDGMENT WHEN VOTING THEREON (AN "INTERESTED DIRECTOR"). PROHIBITED CONFLICT OF INTEREST MATTERS: NO DIRECTOR MAY VOTE TO APPROVE A CONFLICT OF INTEREST MATTER THAT HE OR SHE KNOWS IS AN EXCESS BENEFIT TRANSACTION FOR WHICH THE MANAGEMENT OF THE CORPORATION MAY BE LIABLE FOR AN EXCISE TAX UNDER SECTION 4958 OF THE INTERNAL REVENUE CODE OF 1986, AS AMENDED. ESTABLISH AND DOCUMENT FAIRNESS: THE BOARD OR ITS AUTHORIZED COMMITTEE OR THE OFFICER OF THE CORPORATION TO WHOM SUCH TASK IS DELEGATED SHALL MAKE A REASONABLE EFFORT TO ESTABLISH AND DOCUMENT THE FAIRNESS OF THE TRANSACTION OR ARRANGEMENT AND THAT THE AMOUNT OF ANY COMPENSATION, REIMBURSEMENT OR PAYMENT IS NOT EXCESSIVE (THE SCOPE OF SUCH EFFORT BEING DETERMINED BY THE SIZE AND CIRCUMSTANCES OF THE TRANSACTION OR ARRANGEMENT). DOCUMENT MANNER OF DETERMINATION: THE BOARD OR ITS AUTHORIZED COMMITTEE SHALL INDICATE IN THE MINUTES OF THE MEETING: (A) THE NAMES OF ANY DIRECTORS AND OFFICERS WHO MIGHT HAVE A PERSONAL FINANCIAL INTEREST DIRECTLY OR INDIRECTLY IN THE CONFLICT OF INTEREST MATTER AND THE NATURE OF THEIR INTEREST, (B) WHETHER ANY INTERESTED DIRECTOR PARTICIPATED IN THE DISCUSSION OF THE MERITS OF OR THE VOTE ON THE CONFLICT OF INTEREST MATTER, (C) A SUMMARY OF THE TERMS AND MERITS OF THE TRANSACTION OR ARRANGEMENT, AND (D) A RECORD OF THE VOTE THEREON. |
| FORM 990, PART VI, SECTION B, LINE 15A | POE USED A MULTI-STEP PROCESS IN DETERMINING THE COMPENSATION FOR THE EXECUTIVE DIRECTOR. THE BOARD SPEARHEADED A COMPARABILITY STUDY USING INFORMATION FOUND ON FORM 990S FROM COMPARABLE ORGANIZATIONS, AS WELL AS JOB REVIEW SITES SUCH AS GLASSDOOR FOR AVERAGE SALARY DATA. POSITIONS RESEARCHED INCLUDED EXECUTIVE DIRECTORS, CHIEF EXECUTIVE OFFICERS, AND OTHER SIMILAR POSITIONS FOR TOP MANAGEMENT OFFICIALS. THE BOARD AGREED ON THE COMPENSATION FOR THE EXECUTIVE DIRECTOR AND WRITTEN COMMUNICATION OF SUCH ACTION AND AMOUNT WAS MADE TO THE EXECUTIVE DIRECTOR. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION MAKES ITS FORM 990 AVAILABLE FOR PUBLIC INSPECTION AS REQUIRED UNDER SECTION 6104 OF THE INTERNAL REVENUE CODE. THE RETURN IS ALSO POSTED ON GUIDESTAR.ORG (NOW KNOWN AS CANDID.ORG) AND OTHER SIMILAR TYPES OF WEBSITES. IN ADDITION, THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE A PART OF THE ORGANIZATION'S EXEMPTION APPLICATION, COPIES OF WHICH ARE AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAKE ITS FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY PROVIDING COPIES, UPON REQUEST, OF ITS MOST RECENT THREE YEARS OF ANNUAL RETURNS. |
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