2025-11-17T16:26:20-06:00 2025-06-30 411397419 Abdo LLP 5201 Eden Ave Ste 250 Edina MN 55436 990 2024-07-01 237131829 Prepare and Prosper PREP 6512622155 2610 University Ave W 450 St Paul MN 55114 Suyapa Miranda Executive Director 6512622155 2025-11-17 1 1 Cynthia Barta CPA P01222004 9528359090 2025-11-14 2024 2025-03-06 01:10:19Z Suyapa Miranda 2610 University Ave W 450 St Paul MN 55114 2779072 0 X www.prepareandprosper.org X 1971 MN P+P does free taxes, free financial coaching, and helps people obtain banking access. 11 11 65 462 0 0 1975960 2739220 0 0 58060 36922 -27070 1083 2006950 2777225 0 0 0 0 1857350 2236900 0 0 329140 1125947 1170499 2983297 3407399 -976347 -630174 1996108 1478737 447405 564797 1548703 913940 X Prepare + Prosper and its volunteers work with low- to moderate-income people to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity. 0 0 1911415 Prepare + Prosper (P+P) is a Saint Paul based economic justice nonprofit founded in 1971 to provide free high-quality tax perparation to low-income and moderate-income Minnesotans. While tax preparation remains the primary focus, P+P has since evolved into a nationally recognized leader in financial inclusion by offering innovative, accessible programs and tools to supposrt historically disinvested communities in building wealth and improving their financial health. P+P's mission is to work, along with volunteers, with people who have low to moderate incomes to build financial well-being through free tax preparation and financial services, products, and coaching, and by changing systems to create economic opportunity. 801420 Financial Capability and Learning: Prepare + Prosper runs two major initiatives - Money Mentors and Financial Access in Reach (FAIR) to support greater financial wellbeing. Money Mentors provides coaching and resources to participants as they work toward sef-identified goals like vuilding credit or reducing debt. FAIR provides a three-product financial solution for financial underserved households and is designed to be scaled nationally through a community-based distribution model. 190703 P + P has worked to leverage the expertise of its staff, amplify the voices of people directly affected, and build cross sector partnerships and networks to inform policy and systems change and build a more equitable and inclusive financial future. Recent efforts include strengthening public policy related to tax credits, asset building and consumer protection. In 2025, P+P continued to enhance it's Systems Change department with the intention of positioning the families we serve as the key stakeholders within the systems and policies that affect them. The department focuses on bringing forth the voices and lived experiences of the many and varied communities we serve to guide our work and inform our change-making agenda. Systems change work includes advocacy, community engagement, network and capacity-building activities. 2903538 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 15 0 1 65 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 MN X X The Organization 6512622155 2610 University Ave W 450 St Paul MN 55114 Jeremie Greer Chair 5.00 X X 0 0 0 Kara McGuire Vice Chair 3.00 X X 0 0 0 Emma Molls Secretary 1.00 X X 0 0 0 Ronda Chakolis Director 1.00 X 0 0 0 Marsha Pitts-Phillips Director 1.00 X 0 0 0 Elizabeth White Director 1.00 X 0 0 0 Andrew Morem Director 1.00 X 0 0 0 Roxanny Armendariz Director 1.00 X 0 0 0 Aide Salgado Director 1.00 X 0 0 0 Carrie Person Director 1.00 X 0 0 0 Tom Gottwalt Director 1.00 X 0 0 0 Suyapa Miranda Executive Director 40.00 X 146493 0 2462 146493 0 2462 1 0 0 0 0 2597 2116336 620287 2000 2739220 36922 36922 0 2597 1847 -1847 -1847 Credit card rewards 900099 2930 2930 2930 2777225 0 0 38005 161204 140314 6759 14131 1768602 1548800 62383 157419 22465 17622 3363 1480 142528 111799 21340 9389 142101 124472 5020 12609 12577 363 12214 5876 1745 3988 143 73117 63639 2207 7271 231163 131278 6806 93079 219819 216592 2893 334 131388 125338 5035 1015 7893 6999 216 678 231828 206091 6234 19503 40216 34216 4576 1424 4883 4883 28898 11976 15610 1312 Program incentive expen 66319 66245 74 Dues and subscriptions 64749 56003 2359 6387 Small equipment 31863 28234 1577 2052 Professional developmen 12304 6537 5474 293 7606 5275 1784 547 3407399 2903538 174721 329140 90698 130286 332693 493519 977789 251676 26953 2667 92570 54517 28144 38053 256973 278021 282858 284515 1996108 1478737 168489 281750 278916 283047 447405 564797 X 703198 546707 845505 367233 1548703 913940 1996108 1478737 -630174 -4589 0 X X 0 1 X 1 0 X 2497300 2164766 2350406 1975960 2739220 11727652 2497300 2164766 2350406 1975960 2739220 11727652 1169445 10558207 7095 5469 16430 58060 36922 123976 1000 2930 3930 11855558 22836 0.89060 0.84780 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 256973 21398 -350 278721 236087 21237 -350 256973 212240 4343 19854 -350 236087 236232 5000 -28642 -350 212240 184688 5300 46619 -375 236232 0.35970 0.64030 0 0 41667 35474 6193 50903 19043 31860 38053 Rental Deposit 7555 Right-of-Use Asset - operating 276960 284515 Lease liability - operating 283047 283047 2772636 -4589 -4589 2777225 0 2777225 3407399 0 3407399 0 3407399 Part V, Line 4: Endowment fund income may be used for operating or program expenses of Prepare and Prosper. Form 990, Part VI, Section B, line 11b The finance committee selected by the Board of Directors and chaired by a certified public accountant, reviewed the Form 990. The Form 990 was presented to the Board of Directors for approval prior to filing with the IRS. Form 990, Part VI, Section B, line 12c Board members are required to sign a conflict of interest disclosure statement annually. The board will not enter into any contract or transaction where a conflict of interest may exist unless all of the following three conditions are met 1) the interest in conflict is disclosed to the Board of Directors at the time the contract or transaction is considered 2) a quorum (not counting the interested director) is present at the meeting where the contract or transaction is considered 3) a majority of directors (not counting the interested director) approves, authorizes or ratifies the action. Form 990, Part VI, Section B, line 15 Compensation for the Executive Director is determined by the Board of Directors after each annual performance review. The Executive Director's review is based on (1) accomplishments to date; (2) operations of the organization as executed within the boundaries of prudence & ethics established in board policies on executive limitations; & (3) evaluation of the professional relationship between the Executive Director, the board, & staff. The board's executive committee is responsible for collecting & evaluating information based on the three areas listed above. The performance review is conducted with the board of directors. Comparability salary & benefits is assessed through the Minnesota Council of Nonprofits salary survey and examination of current advertised positions in the field. Form 990, Part VI, Section C, line 19 Governing documents, policies, & financial statements are made available for public inspection by request through the organization. The Form 990 can be viewed on Guidestar.com. Form 990, Part XII, Line 2c: This process has not changed from the prior year.