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Nonprofiteer
← PRISM REPORTS INC

Form 990 for tax year 2022

Filed by PRISM REPORTS INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 11 July 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Program services expenses
$1,294,021 changed to $1,295,134
Management and general expenses
$281,937 changed to $281,375
Fundraising expenses
$152,140 changed to $151,589
Program service expenses (Part III)
$1,294,021 changed to $1,295,134

Totals

Total revenue
$1,439,211
Total expenses
$1,728,098
Contributions and grants received
$1,433,182
Grants paid
$0
Program service revenue
$5,500
Investment income
$0
Other revenue
$529
Total assets, end of year
$997,080
Total liabilities, end of year
$36,735
Net assets or fund balances, end of year
$960,345
Program services expenses (Part IX)
$1,294,021
Management and general expenses
$281,937
Fundraising expenses
$152,140
Program service expenses (Part III)
$1,294,021

Program services were 74.9% 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

    $1,433,182

  • 2a · Program service revenue: DEMOCRATIZING PHILANTHROPY

    total $5,500 · related or exempt $5,500

  • 11a · Other revenue: MISC INCOME

    total $529 · excluded $529

  • 11e · Other revenue, total

    $529

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $125,000 · program services $26,474 · management and general $78,670 · fundraising $19,856

  • 7 · Other salaries and wages

    total $1,052,463 · program services $792,270 · management and general $150,874 · fundraising $109,319

  • 9 · Other employee benefits

    total $57,261 · program services $43,502 · management and general $6,297 · fundraising $7,462

  • 10 · Payroll taxes

    total $85,056 · program services $58,422 · management and general $16,757 · fundraising $9,877

  • 11c · Fees: accounting

    total $10,225 · management and general $10,225

  • 11g · Fees: other

    total $287,793 · program services $282,793 · management and general $5,000

  • 12 · Advertising and promotion

    total $22,244 · program services $20,002 · management and general $2,242

  • 13 · Office expenses

    total $29,489 · program services $20,242 · management and general $4,371 · fundraising $4,876

  • 14 · Information technology

    total $30,405 · program services $27,062 · management and general $3,343

  • 17 · Travel

    total $1,719 · program services $1,719

  • 23 · Insurance

    total $9,874 · program services $6,919 · management and general $2,955

  • 24a · Other expenses: PROFESSIONAL DEVELOPMENT

    total $11,141 · program services $10,891 · management and general $250

  • 24b · Other expenses: PAYROLL ADMIN FEES

    total $2,795 · program services $2,124 · management and general $307 · fundraising $364

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $1,972 · program services $1,354 · management and general $292 · fundraising $326

  • 24d · Other expenses: MISCELLANEOUS EXPENSE

    total $300 · management and general $300

  • 24e · All other expenses

    total $361 · program services $247 · management and general $54 · fundraising $60

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,273,882 · end of year $985,960

  • 4 · Accounts receivable

    beginning of year $2,500

  • 9 · Prepaid expenses and deferred charges

    end of year $1,800

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

    $19,195

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

    $9,875

  • 10c · Land, buildings and equipment, net

    beginning of year $11,762 · end of year $9,320

  • 17 · Accounts payable and accrued expenses

    beginning of year $8,306 · end of year $1,144

  • 25 · Other liabilities

    beginning of year $28,164 · end of year $35,591

  • 27 · Net assets without donor restrictions

    beginning of year $1,251,674 · end of year $960,345

Mission and programs · 2022

Mission

PRISM IS A BIPOC-LED NONPROFIT NEWS OUTLET THAT CENTERS THE PEOPLE, PLACES, AND ISSUES CURRENTLY UNDERREPORTED BY NATIONAL MEDIA. WERE COMMITTED TO PRODUCING THE KIND OF JOURNALISM THAT TREATS BIPOC, WOMEN, THE LGBTQ+ COMMUNITY, AND OTHER INVISIBILIZED GROUPS AS THE EXPERTS ON OUR OWN LIVED EXPERIENCES, OUR RESILIENCE, AND OUR FIGHTS FOR JUSTICE.

  • THROUGH OUR ORIGINAL REPORTING, ANALYSIS, AND COMMENTARY, PRISM EXAMINES THE INTERSECTIONS OF MULTIPLE SOCIAL INJUSTICES, OUR READERS' LIVED EXPERIENCES AND IDENTITIES, AND MOVEMENTS TO RESHAPE OUR SOCIETY FOR THE BETTER.

    Expenses $1,294,021

  • THROUGH OUR REFLECTIVE JOURNALISM PROJECT, PRISM TRAINS ASPIRING WRITERS, COMMUNITY LEADERS, AND FRONTLINE SOCIAL JUSTICE THINKERS AND ORGANIZERS ON THE EDITORIAL PROCESS, WITH THE GOAL OF BUILDING A DEEP BENCH OF CONTENT CREATORS AND GROWING THE NETWORK OF BIPOC WRITERS TELLING THEIR STORIES, SHARING THEIR EXPERIENCES, AND REPORTING ON ISSUES MAINSTREAM MEDIA OFTEN OVERLOOKS.

    Revenue $5,500

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Ashton Lattimore

    EDITOR/BOARD

    Total calculated
    $125,000
    From this org
    $125,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Caitlin Gaffin

    COO

    Total calculated
    $111,250
    From this org
    $111,250
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Sarah Alvarez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Joanne Griffith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Emma Carew Grovum

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    3

  • Sarah Eagle Heart

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

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
16 November 2023
IRS schema version
2022v5.0
Source object
202313209349304121

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