Is it real?
No. The IRS revoked its tax exemption. Latest filing on record: FY2022. IRS ruling in May 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
95 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
1 person listed on the 990; $2K paid to officers and key staff (Part VII, Section A).
Mikhaile Solomon’s $2K as President is at the 2nd percentile of top reported officer pay among 2216 $100K–1M arts & culture 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 · 1 named individual · Part VII
| Name | FY2022 | FY2021 | FY2020 |
|---|---|---|---|
| Mikhaile Solomon | $2,500 | $34,000 | $23,000 |
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.
See Prizm Projects INC executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aNo
Programs and updates
Incubates and promotes global African diaspora artists and designers through programming and events.
Questions for Prizm Projects INC
Your first name shows with your question. Prizm Projects INC answers here, for everyone.
Sponsoring annual art fair that raises funds for extensive educational, cultural, and social development programs that facilitate inclusive artistic processes and promote the integration for people with diverse abilities
Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 47-4487372) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2022 990, line by line.
Download 990
| Line | Start FY22 | End FY22 |
|---|---|---|
| Cash and savingsLn 1–2 | $19K | $2K |
| Land, buildings, equipmentLn 10c | $214K | $214K |
| Total assetsLn 16 | $319K | $380K |
| LiabilitiesLn 26 | $291K | $333K |
| Net assetsLn 32 | $28K | $47K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of officers and key staff (Part IX, line 5)Ln 5 | $985 | $985 | ||
| Accounting feesLn 11c | $6K | $6K | ||
| Other fees for servicesLn 11g | $118 | $118 | ||
| Advertising and promotionLn 12 | $11K | $11K | ||
| Office expensesLn 13 | $998 | $998 | ||
| OccupancyLn 16 | $1K | $1K | ||
| TravelLn 17 | $4K | $4K | ||
| InterestLn 20 | $44K | $44K | ||
| Other expenses (24a–d)Ln 24 | $88K | $88K | ||
| All other expensesLn 24e | $7K | $7K | ||
| Total functional expensesLn 25 | $164K | $156K | $8K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2022 Latest ViewingFiled with the IRS May 17, 2024 | $191K | $164K | $27K | $47K | 990 PDF |
| FY2021Filed with the IRS Nov 14, 2022 | $118K | $132K | −$15K | $28K | 990 PDF |
| FY2020Filed with the IRS Sep 14, 2021 | $225K | $183K | $42K | $43K | 990 PDF |
Schedules filed Part IV
See the full FY2022 990
Part I · Summary $190,595 revenue, 12 lines filed
Part VI · Governance 0 of 1 board members independent, 5 to look at
Part VIII · Statement of revenue $190,595 across 4 lines filed
Part IX · Statement of functional expenses $163,734 across 10 lines filed
Part X · Balance sheet $380,099 assets, 13 lines filed
Part XI · Reconciliation of net assets $47,073 net assets at year end
Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File
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