Clearwater, FL   |
GuideStar Charity Check


EIN: 20-8936475


Project Prosper provides financial integration services and resources that empower recent immigrants and refugees in our community to achieve financial stability and inclusion   Our vision is that we value the dynamic, resilient, innovative, and entrepreneurial spirit of immigrants and refugees, and envision a community that enables them to realize their full potential. By facilitating financial integration, we will empower our participants to become thriving and successful members of their community.

Ruling year info


Executive Director

Faye Steinhauser

Main address

13575 58th Street N Suite 107

Clearwater, FL 33760 USA

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Subject area info

ESL and second language acquisition

Home ownership

Financial services

Financial counseling

Immigrant services

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Population served info

People of Middle Eastern descent

People of Asian descent

People of African descent

People of European descent

People of Latin American descent

Show more populations served

NTEE code info

Public, Society Benefit - Multipurpose and Other N.E.C. (W99)

IRS subsection

501(c)(3) Public Charity

IRS filing requirement

This organization is required to file an IRS Form 990 or 990-EZ.

Tax forms



What we aim to solve

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Our programs

SOURCE: Self-reported by organization

What are the organization's current programs, how do they measure success, and who do the programs serve?

Financial Literacy for Refugees and Immigrants

Project Prosper offers a series of 13 financial literacy courses that are tailored to the unique needs of refugees and immigrants. These courses are in intermediate- to advanced-level English or Spanish. Among the topics covered are:

Banking (Checking and Savings Accounts, Banks and Credit Unions)
Budgeting and Saving
Credit Cards and Credit Reports
Protecting Yourself Financially (including fraud and scams)
Loans and Predatory Lending
Saving for Retirement and Investing
Car Ownership
Credit Reporting Workshop
Personal Income Taxes

Additionally, a 4-course beginner-level English curriculum that focuses on banking services, fraud and scams, and ways to pay bills is also available.

Population(s) Served
People of African descent
People of Asian descent
People of European descent
People of Latin American descent
People of Middle Eastern descent

Project Prosper's loan program offers 0% interest loans, financial coaching, credit reporting, and matched savings.

Loans are given for a one-time expense; the most popular loan purposes are immigration expenses, car expenses, paying interest bearing debt, and education, but many other purposes are acceptable. Throughout the life of the loan, borrowers are required to pay a 10% self-savings that is held by Project Prosper in the form of savings for the borrower. This is always returned to the borrower when the complete loan payments.

Additionally, each borrower is matched with a financial coach throughout the term of the loan. This coach provides guidance and helps facilitate the borrower's participation in a financial education program that is tailored to that individual's needs.

Upon repayment of the loan and documented completion of 6 coaching sessions, borrowers receive not only their self-savings, but also a dollar-for-dollar match by Project Prosper up to $250.

Population(s) Served
Ethnic and racial groups
Economically disadvantaged people
Immigrants and migrants

Where we work


Making a Difference Award 2008

Lutheran Services Florida

Local Heros Award-Ann Handael 2009

Bank of America

Community Service Woman of the Year-Robin Warren 2010

Pinellas County Chamber of Commerce

Recognition of Valuable Contributions 2010

Pinellas County World Refugee Day Work Group

Calvin Hunsinger Award for Outstanding Busiiness and Industry people/organizations that support programs 2010

Pinellas Adult and Career Technical Education Centers

How we listen

SOURCE: Self-reported by organization

Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.

done We shared information about our current feedback practices.
  • How is your organization using feedback from the people you serve?

    To identify and remedy poor client service experiences, To identify bright spots and enhance positive service experiences, To make fundamental changes to our programs and/or operations, To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals

  • Which of the following feedback practices does your organization routinely carry out?

    We collect feedback from the people we serve at least annually, We take steps to get feedback from marginalized or under-represented people, We aim to collect feedback from as many people we serve as possible, We take steps to ensure people feel comfortable being honest with us, We act on the feedback we receive

  • What challenges does the organization face when collecting feedback?

    It is difficult to get the people we serve to respond to requests for feedback, The people we serve tell us they find data collection burdensome, It is difficult to find the ongoing funding to support feedback collection, It is difficult to get honest feedback from the people we serve


Fiscal year: Jan 01 - Dec 31

Revenue vs. expenses:  breakdown

SOURCE: IRS Form 990 info
Note: When component data are not available, the graph displays the total Revenue and/or Expense values.

Liquidity in 2022 info

SOURCE: IRS Form 990


Average of 29.43 over 9 years

Months of cash in 2022 info

SOURCE: IRS Form 990


Average of 11.3 over 9 years

Fringe rate in 2022 info

SOURCE: IRS Form 990


Average of 3% over 9 years

Funding sources info

Source: IRS Form 990

Assets & liabilities info

Source: IRS Form 990

Financial data

SOURCE: IRS Form 990


Revenue & expenses

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

Fiscal year ending: cloud_download Download Data


Balance sheet

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.

Fiscal year ending: cloud_download Download Data


Financial trends analysis Glossary & formula definitions

Fiscal Year: Jan 01 - Dec 31

SOURCE: IRS Form 990 info

This snapshot of PROJECT PROSPER INC’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.

Created in partnership with

Business model indicators

Profitability info 2019 2020 2021 2022
Unrestricted surplus (deficit) before depreciation $59,540 $63,059 $83,112 $20,667
As % of expenses 42.7% 37.3% 44.4% 9.8%
Unrestricted surplus (deficit) after depreciation $59,540 $63,059 $83,112 $20,667
As % of expenses 42.7% 37.3% 44.4% 9.8%
Revenue composition info
Total revenue (unrestricted & restricted) $198,924 $223,944 $254,547 $252,306
Total revenue, % change over prior year 0.0% 12.6% 13.7% -0.9%
Program services revenue 6.8% 5.4% 1.2% 5.9%
Membership dues 0.0% 0.0% 0.0% 0.0%
Investment income 0.2% 0.9% 0.6% 1.8%
Government grants 0.0% 0.0% 16.6% 0.0%
All other grants and contributions 93.0% 93.8% 81.7% 92.2%
Other revenue 0.0% 0.0% 0.0% 0.0%
Expense composition info
Total expenses before depreciation $139,384 $169,257 $187,364 $210,736
Total expenses, % change over prior year 0.0% 21.4% 10.7% 12.5%
Personnel 70.9% 70.5% 75.0% 74.6%
Professional fees 2.1% 7.9% 4.4% 2.4%
Occupancy 9.3% 10.7% 8.3% 9.3%
Interest 0.0% 0.0% 0.0% 0.0%
Pass-through 0.7% 0.3% 0.8% 0.1%
All other expenses 17.0% 10.6% 11.5% 13.6%
Full cost components (estimated) info 2019 2020 2021 2022
Total expenses (after depreciation) $139,384 $169,257 $187,364 $210,736
One month of savings $11,615 $14,105 $15,614 $17,561
Debt principal payment $0 $0 $0 $0
Fixed asset additions $0 $0 $0 $0
Total full costs (estimated) $150,999 $183,362 $202,978 $228,297

Capital structure indicators

Liquidity info 2019 2020 2021 2022
Months of cash 23.1 26.3 27.3 25.1
Months of cash and investments 23.1 26.3 27.3 25.1
Months of estimated liquid unrestricted net assets 24.1 24.3 27.3 25.4
Balance sheet composition info 2019 2020 2021 2022
Cash $268,478 $371,148 $426,738 $440,080
Investments $0 $0 $0 $0
Receivables $15,545 $8,336 $3,435 $12,554
Gross land, buildings, equipment (LBE) $650 $650 $650 $650
Accumulated depreciation (as a % of LBE) 100.0% 100.0% 100.0% 100.0%
Liabilities (as a % of assets) 1.5% 9.7% 1.0% 1.1%
Unrestricted net assets $279,758 $342,817 $425,929 $446,596
Temporarily restricted net assets N/A N/A N/A N/A
Permanently restricted net assets N/A N/A N/A N/A
Total restricted net assets $0 $0 $0 $2,500
Total net assets $279,758 $342,817 $425,929 $449,096

Key data checks

Key data checks info 2019 2020 2021 2022
Material data errors No No No No


The people, governance practices, and partners that make the organization tick.

Form 1023/1024 is not available for this organization

Executive Director

Faye Steinhauser

Number of employees

Source: IRS Form 990


Officers, directors, trustees, and key employees

SOURCE: IRS Form 990

Show data for fiscal year
Compensation data
Download up to 5 most recent years of officer and director compensation data for this organization

There are no highest paid employees recorded for this organization.


Board of directors
as of 01/03/2024
SOURCE: Self-reported by organization
Board of directors data
Download the most recent year of board of directors data for this organization
Board chair

David Gonzalez

No Affiliation

Board leadership practices

SOURCE: Self-reported by organization

GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.

  • Board orientation and education
    Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Yes
  • CEO oversight
    Has the board conducted a formal, written assessment of the chief executive within the past year ? Yes
  • Ethics and transparency
    Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes
  • Board composition
    Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Yes
  • Board performance
    Has the board conducted a formal, written self-assessment of its performance within the past three years? No

Organizational demographics

SOURCE: Self-reported; last updated 1/3/2024

Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.


The organization's leader identifies as:

Race & ethnicity
Gender identity

Race & ethnicity

No data

Gender identity

No data

Transgender Identity

No data

Sexual orientation

No data


No data