Prepare + Prosper

Mission Statement

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. Prepare + Prosper (P+P) is a nationally-recognized financial capability organization based in Minnesota. P+P offers a wraparound set of services –including free tax preparation, integrated financial services, financial coaching, and financial products—in order to help low- and moderate-income customers boost their incomes, save, avoid predatory fees and interest, and build brighter financial futures.

Impact and Programs

Accomplishments Prepare + Prosper uses its experience and expertise to provide high-impact direct services in the field of financial well-being. As the leading free tax preparation organization in Minnesota, P+P returned $24 million in tax refunds to 12,500 low- and moderate-income customers. P+P led its field in integrating financial services into tax preparation to help customers maximize their refunds. Last year, 1,322 customers put $1.9 million of their refunds into savings. 166 participants reached their financial goals in P+P's Money Mentors coaching program. P+P also led the FAIR initiative, which used human-centered design and digital coaching to help customers save, avoid wealth-stripping fees, and (re)build credit. P+P is currently piloting this project in partnership with four distribution partners and 100+ low- and moderate-income customers in the Twin Cities, with the aim of scaling nationwide by the end of 2021.
Current Goals Prepare + Prosper's plans to build the financial well-being of low- and moderate-income people by expanding access to high quality services by serving 12,500 customers with free tax preparation; reaching 30% of customers with at least one financial product, service, or referral; serving 200 participants in its Money Mentors coaching program; and enrolling 350 consumers across Minnesota in at least one FAIR financial product.
Community or Constituency Served P+P’s services are available to low- and moderate-income households in the Twin Cities that have needs for high-quality free tax preparation, asset-building opportunities, and access to safe, reliable financial tools and products in order to combat asset poverty, growing income volatility, and a costly alternative financial marketplace. The average annual income for P+P’s customers is $19,296. Approximately 56% of customers self-identify as people of color, 41% of households include a person with a disability, and 15% report that they speak a primary language other than English.
Geographic Area Served Twin Cities metro area

Reports & Finances

If you have additional questions regarding a nonprofit's financials, visit their website, or call and ask to review their IRS Form 990, Annual Report, or Audit for a more complete picture of their financial story.
Major Program Expenses
Tax + Financial Services:
Financial Capability + Learning:
Claim it! Campaign:
3 Year Average Expenses
Program Services
Unrestricted Net Assets
End of Year:
Beginning of Year:

Notes from the Council

Organization Last Reviewed on 01/25/2020

This date is representative of when we completed our initial Accountability Wizard® nonprofit review, and provided the organization with their results. This review is good for three years from the date provided
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2610 University Ave W, Ste 450
Saint Paul, MN 55114
Phone: 651-287-0187

General Information

Alternative Name: Minnesota Accounting Aid Society, AccountAbility Minnesota
EIN: 23-7131829
Principal Staff: Tracy Fischman
Number of Full-Time Equivalents (FTE): 26.5
Volunteer Opportunities: Yes
Number of Clients: 12,800
Ruling Year: 1971


Board Chair: Greg Pesky
Number of Board Members: 16
Board Meetings with Quorum: 8
Average Member Attendance: 12.4

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1915 Highway 36 W Ste 133 • Roseville, Minnesota 55113-2709
Phone: (651) 224–7030 • E-mail:

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