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Nonprofiteer
← PRISM REPORTS INC

Form 990 for tax year 2024

Filed by PRISM REPORTS INC.

Totals

Total revenue
$1,729,904
Total expenses
$1,980,261
Contributions and grants received
$1,702,189
Grants paid
$0
Program service revenue
$26,099
Investment income
$0
Other revenue
$1,616
Total assets, end of year
$683,312
Total liabilities, end of year
-$2,994
Net assets or fund balances, end of year
$686,306
Program services expenses (Part IX)
$1,585,129
Management and general expenses
$258,568
Fundraising expenses
$136,564
Program service expenses (Part III)
$1,585,129

Program services were 80.0% 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

    $1,702,189

  • 2a · Program service revenue: REFLECTIVE JOURNALISM PROJECT

    total $26,099 · related or exempt $26,099

  • 11a · Other revenue: MISC INCOME

    total $1,616 · excluded $1,616

  • 11e · Other revenue, total

    $1,616

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $268,193 · program services $208,494 · management and general $38,200 · fundraising $21,499

  • 7 · Other salaries and wages

    total $1,042,228 · program services $810,232 · management and general $148,448 · fundraising $83,548

  • 9 · Other employee benefits

    total $210,811 · program services $176,525 · management and general $15,137 · fundraising $19,149

  • 10 · Payroll taxes

    total $128,534 · program services $97,132 · management and general $19,034 · fundraising $12,368

  • 11c · Fees: accounting

    total $2,700 · management and general $2,700

  • 11g · Fees: other

    total $223,784 · program services $223,784

  • 12 · Advertising and promotion

    total $6,013 · program services $2,871 · management and general $3,142

  • 13 · Office expenses

    total $26,906 · program services $20,812 · management and general $6,094

  • 14 · Information technology

    total $40,956 · program services $40,956

  • 17 · Travel

    total $4,049 · program services $4,049

  • 23 · Insurance

    total $1,299 · management and general $1,299

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $24,514 · management and general $24,514

  • 24b · Other expenses: PROFESSIONAL DEVELOPMENT

    total $274 · program services $274

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $835,169 · end of year $539,235

  • 4 · Accounts receivable

    beginning of year $102,500 · end of year $140,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $4,828 · end of year -$360

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

    $19,195

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

    $14,758

  • 10c · Land, buildings and equipment, net

    beginning of year $7,204 · end of year $4,437

  • 17 · Accounts payable and accrued expenses

    end of year $2,049

  • 25 · Other liabilities

    beginning of year $10,271 · end of year -$5,043

  • 27 · Net assets without donor restrictions

    beginning of year $939,430 · end of year $686,306

Mission and programs · 2024

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 $1,585,129

  • 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 $26,099

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Caitlin Gaffin

    PUBLISHER

    Total calculated
    $111,312
    From this org
    $111,312
    From related orgs
    $0
    Other
    $0
    Hours/week
    32
  • Lara Witt

    EDITOR-IN-CH

    Total calculated
    $111,239
    From this org
    $111,239
    From related orgs
    $0
    Other
    $0
    Hours/week
    32
  • Ashton Lattimore

    BOARD MEMBER

    Total calculated
    $45,643
    From this org
    $45,643
    From related orgs
    $0
    Other
    $0
    Hours/week
    32
  • Sarah Alvarez

    BOARD MEMBER

    Total calculated
    $0
  • Joanne Griffith

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1
  • Emma Carew Grovum

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1
  • 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
2024
Filed
12 November 2025
IRS schema version
2024v5.0
Source object
202513189349315626

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