Totals
- Total revenue
- $494,227
- Total expenses
- $652,199
- Contributions and grants received
- $351,068
- Grants paid
- $0
- Program service revenue
- $165,933
- Investment income
- $0
- Other revenue
- -$22,774
- Total assets, end of year
- $57,456
- Total liabilities, end of year
- $58,745
- Net assets or fund balances, end of year
- -$1,289
- Program services expenses (Part IX)
- $531,373
- Management and general expenses
- $92,368
- Fundraising expenses
- $28,458
- Program service expenses (Part III)
- $531,373
Program services were 81.5% 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.
-
1c · Fundraising events
$53,599
-
1e · Government grants (contributions)
$74,602
-
1f · All other contributions, gifts and grants
$222,867
-
1g · Noncash contributions included above
$12,008
-
2a · Program service revenue: CONTRACTED SERVICES
total $61,041 · unrelated business $0 · excluded $0
-
2b · Program service revenue: TICKET SALES
total $104,892 · unrelated business $0 · excluded $0
-
8a · Fundraising events: gross income
$44,175
-
8a · Fundraising events: contributions included on line 1c
$53,599
-
8b · Fundraising events: direct expenses
$67,466
-
8c · Net income from fundraising events
total -$23,291 · unrelated business $0 · excluded -$23,291
-
11a · Other revenue: MISCELLANEOUS INCOME
total $517 · related or exempt $517 · unrelated business $0 · excluded $0
-
11e · Other revenue, total
$517
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $66,276 · program services $23,583 · management and general $26,390 · fundraising $16,303
-
7 · Other salaries and wages
total $137,598 · program services $131,625 · management and general $2,974 · fundraising $2,999
-
8 · Pension plan contributions
total $6,858 · program services $2,506 · management and general $2,690 · fundraising $1,662
-
9 · Other employee benefits
total $21,248 · program services $16,176 · management and general $3,060 · fundraising $2,012
-
10 · Payroll taxes
total $19,444 · program services $14,803 · management and general $2,800 · fundraising $1,841
-
11c · Fees: accounting
total $7,570 · program services $0 · management and general $7,570 · fundraising $0
-
11g · Fees: other
total $92,709 · program services $92,709 · management and general $0 · fundraising $0
-
12 · Advertising and promotion
total $15,166 · program services $11,945 · management and general $3,221 · fundraising $0
-
13 · Office expenses
total $1,083 · program services $0 · management and general $1,083 · fundraising $0
-
16 · Occupancy
total $129,284 · program services $105,109 · management and general $24,175 · fundraising $0
-
17 · Travel
total $9,064 · program services $9,064 · management and general $0 · fundraising $0
-
20 · Interest
total $1,043 · program services $0 · management and general $1,043 · fundraising $0
-
23 · Insurance
total $10,326 · program services $7,861 · management and general $1,487 · fundraising $978
-
24a · Other expenses: PRODUCTION
total $83,667 · program services $83,667 · management and general $0 · fundraising $0
-
24b · Other expenses: PUBLIC RELATIONS
total $6,000 · program services $0 · management and general $6,000 · fundraising $0
-
24c · Other expenses: POSTAGE AND DELIVERY
total $7,467 · program services $6,975 · management and general $0 · fundraising $492
-
24d · Other expenses: SUPPLIES
total $2,293 · program services $1,793 · management and general $0 · fundraising $500
-
24e · All other expenses
total $35,103 · program services $23,557 · management and general $9,875 · fundraising $1,671
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $120,256 · end of year $13,339
-
3 · Pledges and grants receivable
beginning of year $3,720 · end of year $15,687
-
4 · Accounts receivable
beginning of year $2,113 · end of year $2,424
-
9 · Prepaid expenses and deferred charges
beginning of year $37,569 · end of year $4,810
-
15 · Other assets
beginning of year $4,333 · end of year $21,196
-
17 · Accounts payable and accrued expenses
beginning of year $11,308 · end of year $58,745
-
27 · Net assets without donor restrictions
beginning of year $122,883 · end of year -$1,289
-
28 · Net assets with donor restrictions
beginning of year $33,800
Mission and programs · 2022
Mission
PROSPECT IS DEDICATED TO FOSTERING AND SHOWCASING TODAY'S NEW VOICES SHAPING TOMORROW'S MUSICALS. WE DEVELOP AND PRODUCE NEW WORKS, ENVISIONED AND IMPLEMENTED BY EMERGING ARTISTS. PROSPECT CREATES EDUCATIONAL AND TRAINING OPPORTUNITIES, SUSTAINS A SUPPORTIVE NETWORK WITHIN THE FIELD, AND PROVIDES A FORUM FOR ARTISTS AND AUDIENCES TO CONNECT AND LEARN FROM EACH OTHER.
Activities or mission (Part I)
SEE PART III, LINE 1 ON NEXT PAGE.
-
LIZARD BOY: Book, Music, & Lyrics by Justin Huertas A production of a musical theater work presented at Theater Row Theatre III in June 2023. Made 31 performances with 4073 Attendees
Expenses $432,079 · Revenue $130,642
-
OUT OF MYSELF: SONGS OF PETER FOLEY Concert Written by: Peter Foley A Concert of the songs of Peter Foley presented by Prospect's IGNITE Series in partnership with THE PETER FOLEY MUSIC PROJECT Performed once on June 5, 2023 with 414 Attendees
Expenses $52,245 · Revenue $35,291
-
THE OSCAR MICHEAUX PROJECT: Music by ALPHONSO HORNE Lyrics by JESSE L. KEARNEY, JR. AND PETER MILLS Book by CARA REICHEL AND JESSE L. KEARNEY, JR. A developmental reading of the full two act script of a new musical theater work in progress performed on December 16, 2022
Expenses $23,621
-
ANNUAL MUSICAL THEATER LAB: CAPTION THIS Written by:Rheanna Atendido, Skyler Chin & Sita Sunil, Amy Engelhardt,Jessie Field & James, Martinez Salem, Sarah Hammond & Or Matias, Nay Harris, & Raiah Rofsky, J. Quinton Johnson, Sarah Kaufman, & Shane Dittmar, Sam Norman & Eliza Randall, Jesse J. Sanchez. Performed once on November 17, 2022 with 368 Attendees
Expenses $23,428
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Cara ReichelCARA REICHEL
BOARD MEMBER/PRODUCING ARTISTIC DIRECTOR
- Total calculated
- $41,062
- From this org
- $35,062
- From related orgs
- $0
- Other
- $6,000
- Hours/week
- 40
-
Melissa HuberMELISSA HUBER
BOARD MEMBER/MANAGING DIRECTOR
- Total calculated
- $26,436
- From this org
- $26,436
- From related orgs
- $0
- Other
- $0
- Hours/week
- 30
-
Jesse KearneyJESSE KEARNEY
PRESIDENT
- Total calculated
- $1,500
- From this org
- $1,500
- From related orgs
- $0
- Other
- $0
- Hours/week
- 5
-
Tira HarpazTIRA HARPAZ
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 5
-
Kyle BurkhardtKYLE BURKHARDT
TREASURER
- Total calculated
- $0
- Hours/week
- 5
-
Jane AbramsonJANE ABRAMSON
SECRETARY
- Total calculated
- $0
- Hours/week
- 5
-
Stephanie GraysonSTEPHANIE GRAYSON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
David MilbergDAVID MILBERG
BOARD MEMBER (LEFT JULY 2023)
- Total calculated
- $0
- Hours/week
- 5
-
Julie MillerJULIE MILLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Tony VallesTONY VALLES
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Peter MillsPETER MILLS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Jason MaJASON MA
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Sophie GandlerSOPHIE GANDLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
-
Karin KawamotoKARIN KAWAMOTO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 5
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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 26 February 2024
- IRS schema version
- 2022v5.0
- Source object
- 202440579349300004
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.