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Nonprofiteer
← PRISM REPORTS INC

Form 990 for tax year 2023

Filed by PRISM REPORTS INC.

Totals

Total revenue
$1,765,255
Total expenses
$1,788,937
Contributions and grants received
$1,759,259
Grants paid
$33,750
Program service revenue
$4,025
Investment income
$0
Other revenue
$1,971
Total assets, end of year
$949,701
Total liabilities, end of year
$10,271
Net assets or fund balances, end of year
$939,430
Program services expenses (Part IX)
$1,437,855
Management and general expenses
$228,855
Fundraising expenses
$122,227
Program service expenses (Part III)
$1,437,855

Program services were 80.4% 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

    $1,759,259

  • 2a · Program service revenue: REFLECTIVE JOURNALISM PROJECT

    total $4,025 · related or exempt $4,025

  • 11a · Other revenue: MISC INCOME

    total $1,971 · excluded $1,971

  • 11e · Other revenue, total

    $1,971

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $33,750 · program services $33,750

  • 5 · Compensation of officers, directors and key employees

    total $229,006 · program services $119,056 · management and general $81,455 · fundraising $28,495

  • 7 · Other salaries and wages

    total $849,930 · program services $679,929 · management and general $91,082 · fundraising $78,919

  • 9 · Other employee benefits

    total $245,369 · program services $220,832 · management and general $14,722 · fundraising $9,815

  • 10 · Payroll taxes

    total $95,853 · program services $86,268 · management and general $5,751 · fundraising $3,834

  • 11b · Fees: legal

    total $366 · management and general $366

  • 11c · Fees: accounting

    total $10,200 · management and general $10,200

  • 11g · Fees: other

    total $233,521 · program services $233,521

  • 12 · Advertising and promotion

    total $11,386 · program services $11,386

  • 13 · Office expenses

    total $24,105 · program services $16,767 · management and general $6,354 · fundraising $984

  • 14 · Information technology

    total $27,567 · program services $26,475 · management and general $1,092

  • 17 · Travel

    total $2,148 · program services $2,148

  • 23 · Insurance

    total $3,213 · management and general $3,213

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $13,660 · management and general $13,660

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $4,430 · program services $4,430

  • 24c · Other expenses: DUES AND SUBSCRIPTIONS

    total $3,316 · program services $2,307 · management and general $874 · fundraising $135

  • 24d · Other expenses: PAYROLL ADMIN FEES

    total $1,027 · program services $924 · management and general $62 · fundraising $41

  • 24e · All other expenses

    total $90 · program services $62 · management and general $24 · fundraising $4

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $985,960 · end of year $835,169

  • 4 · Accounts receivable

    end of year $102,500

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,800 · end of year $4,828

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

    $19,195

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

    $11,991

  • 10c · Land, buildings and equipment, net

    beginning of year $9,320 · end of year $7,204

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,144

  • 25 · Other liabilities

    beginning of year $35,591 · end of year $10,271

  • 27 · Net assets without donor restrictions

    beginning of year $960,345 · end of year $939,430

Mission and programs · 2023

Mission

THROUGH IN-DEPTH AND THOUGHT-PROVOKING JOURNALISM, PRISM REFLECTS THE LIVED EXPERIENCES OF PEOPLE MOST IMPACTED BY INJUSTICE. AS AN INDEPENDENT AND NONPROFIT NEWSROOM LED BY JOURNALISTS OF COLOR, WE TELL STORIES FROM THE GROUND UP: TO DISRUPT HARMFUL NARRATIVES, AND TO INFORM MOVEMENTS 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 $1,437,855 · Grants $33,750

  • 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 $4,025

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

Listed in Part VII

  • ASHTON LATTIMORE

    EDITOR/BOARD

    Total calculated
    $120,298
    From this org
    $120,298
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • CAITLIN GAFFIN

    PUBLISHER &

    Total calculated
    $108,708
    From this org
    $108,708
    From related orgs
    $0
    Other
    $0
    Hours/week
    40
  • LARA WITT

    EDITORIAL DI

    Total calculated
    $100,047
    From this org
    $100,047
    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

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.0
Source object
202433209349327708

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