Is it real?
Yes. Exemption reinstated (2014-05-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Sep 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
5 people listed on the 990; $52K paid to officers and key staff.
Walter Harvey’s $52K as Executive Director is at the 39th percentile of top reported officer pay among 2167 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 3 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Brenda Bowers | — | $79,077 | — | — | — |
| Walter Harvey | $51,635 | — | — | — | — |
| Leo Reis | — | — | $39,000 | $40,500 | $22,200 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Empowers Sherman Park residents with resources for economic growth and human flourishing.
Questions for Prism Economic Development Corporation
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Upstart Kitchen
Provided a kitchen to budding entrepreneurs in economically depressed communities so that they have access to a professional-grade kitchen and ecosystem of community support. The Kitchen also served multiple catering events for local events that allowed some of the entrepreneurs to hone their skills and make their products known to…
Cultivate You
Engages high school-aged youth in growing leafy green vegetables, culinary herbs, infused water and more using hydroponic systems. Participants then seek to sell their products to local retailers. We engaged 9 high school youth in 2024.
Medical Meals
Our focus for our meals program has shifted its focus from providing meals to the community to providing meals to those recovering from medical treatments. We provide delicious, nutritionally tailored meals to support individuals managing chronic illnesses or recovering from medical treatments.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $97K | $262K |
| Land, buildings, equipmentLn 10c | $507K | $433K |
| Total assetsLn 16 | $745K | $756K |
| LiabilitiesLn 26 | $80K | $55K |
| Net assetsLn 32 | $665K | $701K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $52K | $31K | $13K | $8K |
| Other salaries and wagesLn 7 | $23K | $17K | $3K | $2K |
| Payroll taxesLn 10 | $6K | $4K | $1K | $770 |
| Accounting feesLn 11c | $26K | $26K | ||
| Other fees for servicesLn 11g | $79K | $70K | $7K | $2K |
| Office expensesLn 13 | $7K | $6K | $693 | $305 |
| OccupancyLn 16 | $102K | $102K | ||
| Conferences, conventions and meetingsLn 19 | $2K | $789 | $718 | |
| InterestLn 20 | $3K | $3K | ||
| Depreciation, depletion and amortizationLn 22 | $54K | $39K | $15K | |
| InsuranceLn 23 | $10K | $8K | $1K | $539 |
| Other expenses (24a–d)Ln 24 | $13K | $12K | $1K | |
| Total functional expensesLn 25 | $376K | $293K | $70K | $14K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $412K | $376K | $36K | $701K | 990 PDF |
| FY2023 | $806K | $1.1M | −$326K | $665K | 990 PDF |
| FY2022 | $1.2M | $755K | $400K | $1.0M | 990 PDF |
| FY2021 | $739K | $502K | $236K | $625K | 990 PDF |
| FY2020 | $318K | $335K | −$17K | $389K | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (6 parts)
Part I · Summary $411,848 revenue, 12 lines filed
Part VI · Governance 4 of 4 board members independent, 3 to look at
Part VIII · Statement of revenue $411,848 across 7 lines filed
Part IX · Statement of functional expenses $376,321 across 12 lines filed
Part X · Balance sheet $756,020 assets, 12 lines filed
Part XI · Reconciliation of net assets $700,747 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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