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Nonprofiteer
← PRIME PRODUCE LIMITED

Form 990 for tax year 2023

Filed by PRIME PRODUCE LIMITED.

Totals

Total revenue
$1,246,352
Total expenses
$1,227,763
Contributions and grants received
$1,130,484
Grants paid
$988,501
Program service revenue
$113,316
Investment income
$97
Other revenue
$2,455
Total assets, end of year
$247,674
Total liabilities, end of year
$30,187
Net assets or fund balances, end of year
$217,487
Program services expenses (Part IX)
$1,146,272
Management and general expenses
$81,491
Fundraising expenses
$0
Program service expenses (Part III)
$1,146,272

Program services were 93.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,130,484

  • 2a · Program service revenue: Program Income

    total $113,316 · related or exempt $113,316

  • 2f · All other program service revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $97 · excluded $97

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11d · All other revenue

    total $2,455 · related or exempt $0 · unrelated business $0 · excluded $2,455

  • 11e · Other revenue, total

    $2,455

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $988,501 · program services $988,501

  • 11b · Fees: legal

    total $7,164 · management and general $7,164

  • 11c · Fees: accounting

    total $40,280 · management and general $40,280

  • 11g · Fees: other

    total $124,330 · program services $124,330 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $3,738 · program services $1,886 · management and general $1,852

  • 14 · Information technology

    total $35,219 · program services $5,244 · management and general $29,975

  • 16 · Occupancy

    total $4,221 · program services $4,221

  • 17 · Travel

    total $9,882 · program services $9,882

  • 23 · Insurance

    total $2,437 · program services $217 · management and general $2,220

  • 24a · Other expenses: Program Supplies

    total $7,344 · program services $7,344

  • 24b · Other expenses: Meals

    total $4,647 · program services $4,647

  • 24e · All other expenses

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $178,661 · end of year $241,190

  • 2 · Savings and temporary cash investments

    beginning of year $2,401 · end of year $1,412

  • 4 · Accounts receivable

    end of year $4,100

  • 5 · Loans and receivables from officers and key people

    beginning of year $0 · end of year $0

  • 6 · Loans and receivables from disqualified persons

    beginning of year $0 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $22,836 · end of year $972

  • 10a · Land, buildings and equipment: cost or other basis

    $0

  • 10b · Land, buildings and equipment: accumulated depreciation

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 12 · Investments: other securities

    beginning of year $0

  • 13 · Investments: program-related

    beginning of year $0

  • 15 · Other assets

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    end of year $27,837

  • 22 · Loans and payables to officers and key people

    beginning of year $0 · end of year $0

  • 25 · Other liabilities

    beginning of year $5,000 · end of year $2,350

  • 27 · Net assets without donor restrictions

    beginning of year $120,606 · end of year $195,274

  • 28 · Net assets with donor restrictions

    beginning of year $78,292 · end of year $22,213

Mission and programs · 2023

Mission

Prime Produce Limited (PPL) is organized to encourage and support other persons and exempt organizations, empowering future philanthropists through programs and projects.

Activities or mission (Part I)

PPL is organized to encourage and support other persons and exempt organizations, empowering future philanthropists through programs and projects.

  • Prime Produce Limited (PPL) serves justice-impacted communities through its partnership with Emergent Works, Inc. Emergent Works trains and employs returning citizens and those impacted by the criminal legal system through technical programming that provides free access to education, resources, a safe community, and employment opportunities; in hopes of ending the revolving door of mass incarceration and closing the wealth gap and digital divide. As part of our training, we develop tech solutions to support mission-aligned organizations in achieving their part of ending mass incarceration. This puts us on both sides of the fight - education & support.

    Expenses $986,951 · Grants $986,951

  • OCB is an invitation to respond to what is emerging in our social body. We are passionately committed to the ethics and politics of "en conjunto" (deep togetherness).

    Expenses $119,091

  • All other programs - Prime Produce Limited provides fiscal sponsorship and support to developing nonprofit leaders and the community service initiatives they lead. Some examples of active programs during this period include GROW Externships (GROWexternships.org), Seeds to Soil (SeedstoSoil.org), Design Dream Lab (designdreamlab.org).

    Expenses $20,626 · Grants $1,550 · Revenue $113,316

  • PreProBono is a 501(c)(3) program, fiscally sponsored by the grassroots not-for-profit incubator Prime Produce Limited, that helps economically disadvantaged, underrepresented minority, and female pre-law students acquire and utilize law degrees for conscientious careers in law. Our goal is to effect positive and social change and we do this by: offering LSAT prep, admissions workshops, and building a network of public interest minded individuals at low cost or for free. We have had twelve fellows in our program this past year and for the first time since COVID, incorporated in-person gatherings for the program. We had in-person Fridays for our NY fellows and a weekend where we had non-NY fellows fly-in for the program. Our LSAT training program was also bolstered with the inclusion of live classes by our very own 7Sage tutor Henry. Previously all of the curriculum was completed through videos and independent work. But with the help of a tutor and live instruction, our fellows were able to receive more personalized assistance. We had a variety of alumni come in to speak on their own law school journeys and legal careers and had a supplementary law school Q&A with Sydney Montgomery Consulting and personalized law school essay assistance from alumni. Although it was challenging mixing virtual and in-person components, our fellows completed all ten weeks successfully and will continue studying for the LSAT and preparing for their law school applications.

    Expenses $19,604

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • James Williams

    Treasurer

    Total calculated
    $0
    Hours/week
    2
  • Jerone Hsu

    President

    Total calculated
    $0
    Hours/week
    20
  • Ling Kong

    Secretary

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202403189349301855

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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