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Prism Economic Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Human Services — Multipurpose and Other / Family Services (NTEE)

Donations to this organization are tax deductible.

Details

According to its Dec. 2022 tax filing, this nonprofit:

Reported conflict of interest transactions
Organizations must report loans, grants or business transactions with interested parties, which may include key employees and officers, their family members and any businesses in which they hold a controlling interest. These transactions must be reported on Schedule L.

Summary charts: organization finances over time

Revenue
$1.16M (2022)

Expenses
$755k (2022)

Total Assets
$1.17M (2022)

Total Liabilities
$149k (2022)

Source: Form 990 tax filings from 2016 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,155,184
Expenses
$754,750
Net Income
$400,434
Net Assets
$1,025,845
Notable Sources of Revenue Percent of Total Revenue
Contributions $957,260
82.9%
Program Services $197,924
17.1%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $95,787
12.7%
Assets/Debt
Total Assets $1,174,483
Total Liabilities $148,638
Net Assets $1,025,845
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Leo Reis (Frmr Executive Dir) $39,000 $0 $0
Walter Harvey (President) $0 $0 $0
Theresa Jones (Secretary) $0 $0 $0
Brenda Bowers (Executive Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$738,909
Expenses
$502,478
Net Income
$236,431
Net Assets
$625,411
Notable Sources of Revenue Percent of Total Revenue
Contributions $695,209
94.1%
Program Services $42,499
5.8%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $1,200
0.2%
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $40,500
8.1%
Professional Fundraising Fees $0
Other Salaries and Wages $63,374
12.6%
Assets/Debt
Total Assets $810,993
Total Liabilities $185,582
Net Assets $625,411
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Leo Reis (Executive Director) $40,500 $0 $0
Walter Harvey (Ceo) $0 $0 $0
Darryl Seay (President) $0 $0 $0
Forrest Anderson (Treasurer) $0 $0 $0
Theresa Jones (Secretary) $0 $0 $0
Maurice Wince (Director) $0 $0 $0
Ariam Kesete (Vice President) $0 $0 $0
Steven Devougas (Director) $0 $0 $0
Michael Adams (Director) $0 $0 $0
Marcus Arrington (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$317,636
Expenses
$335,118
Net Income
-$17,482
Net Assets
$388,980
Notable Sources of Revenue Percent of Total Revenue
Contributions $268,622
84.6%
Program Services $22,871
7.2%
Investment Income $1
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,142
8.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $22,200
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $105,530
31.5%
Assets/Debt
Total Assets $567,400
Total Liabilities $178,420
Net Assets $388,980
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Leo Reis (Executive Director) $22,200 $0 $0
Walter Harvey (Ceo) $0 $0 $0
Darryl Seay (President) $0 $0 $0
Forrest Anderson (Treasurer) $0 $0 $0
Theresa Jones (Secretary) $0 $0 $0
Maurice Wince (Director) $0 $0 $0
Ariam Kesete (Vice President) $0 $0 $0
Steven Devougas (Director) $0 $0 $0
Michael Adams (Director) $0 $0 $0
Marcus Arrington (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$303,637
Expenses
$235,897
Net Income
$67,740
Net Assets
$387,086
Notable Sources of Revenue Percent of Total Revenue
Contributions $300,996
99.1%
Program Services $70
0.0%
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $2,571
0.8%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $128,308
54.4%
Assets/Debt
Total Assets $502,585
Total Liabilities $115,499
Net Assets $387,086
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Walter Harvey (Ceo) $0 $0 $0
Darryl Seay (President) $0 $0 $0
Tracy Meeks (Treasurer) $0 $0 $0
Theresa Jones (Secretary) $0 $0 $0
Bruce Spann (Director) $0 $0 $0
Maurice Wince (Director) $0 $0 $0
Ariam Kesete (Director) $0 $0 $0
Steven Devougas (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$415,246
Expenses
$171,690
Net Income
$243,556
Net Assets
$319,346
Notable Sources of Revenue Percent of Total Revenue
Contributions $419,680
> 100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising -$4,434
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $96,394
56.1%
Assets/Debt
Total Assets $327,905
Total Liabilities $8,559
Net Assets $319,346
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Walter Harvey (Ceo) $0 $0 $0
Darryl Seay (President) $0 $0 $0
Tracy Meeks (Treasurer) $0 $0 $0
Theresa Jones (Secretary) $0 $0 $0
Bruce Spann (Director) $0 $0 $0
Maurice Wince (Director) $0 $0 $0
Ariam Kesete (Director) $0 $0 $0
Steven Devougas (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$131,075
Expenses
$54,755
Net Income
$76,320
Net Assets
$78,361
Notable Sources of Revenue Percent of Total Revenue
Contributions $131,075
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $86,818
Total Liabilities $8,457
Net Assets $78,361
Compensation
Key Employees and Officers Compensation Other
Thomas Keppeler (Executive Director) $27,176 $2,365
Walter Harvey (Ceo) $0 $0
Darryl Seay (President) $0 $0
Rob Petri (Vice President) $0 $0
Tracy Meeks (Treasurer) $0 $0
Theresa Jones (Secretary) $0 $0
Bruce Spann (Director) $0 $0
Maurice Wince (Director) $0 $0
Ariam Kesete (Director) $0 $0
Steven Devougas (Director) $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$1,950
Expenses
$47
Net Income
$1,903
Net Assets
$2,041
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,950
100%
Program Services $0
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $2,041
Total Liabilities $0
Net Assets $2,041

No Document Links

The IRS has provided extracted financial data for this filing, but has not yet released the source documents.

Fiscal Year Ending Dec.
2015

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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