Prizm Ensemble
- Assets
- $71.9k
- Revenue
- $277.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Memphis, TN
- Founding
- 08/2013
- Data as of
- 06/2023
- EIN
- 45-3735871
Organization Overview
Prizm Ensemble is located in Memphis, TN. The organization was established in 2013. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prizm Ensemble is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2023, Prizm Ensemble generated $277.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.7% each year. All expenses for the organization totaled $296.7k during the year ending 06/2023. While expenses have increased by 1.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PERFORMING AND TEACHING THE ART OF CHAMBER MUSIC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRIZM CHAMBER MUSIC CAMP AND INTERNATIONAL FESTIVAL PROVIDES CHAMBER COACHINGS, MASTER CLASSES, MUSIC-RELATED CLASSES, AND SOCIAL EVENTS TO MUSIC STUDENTS 12 YEARS AND OLDER. NATIONAL AND INTERNATIONAL ARTISTS ARE INVITED. 7 CONCERTS ARE PRESENTED. 72 YOUTH ATTENDED THE CAMP.
PRIZM IN THE SCHOOLS (PITS) PROVIDES MUSIC ENGAGEMENT SERVICES TO SCHOOL- AGED YOUTH K-12 IN URBAN SCHOOL SETTINGS. STUDENTS LEARN MUSIC SKILLS AND ARE MENTORED BY PROFESSIONAL AND SEMI-PROFESSIONAL MUSICIANS.
WINTER WORKSHOP PROVIDES CHAMBER COACHING AND COMMUNITY PERFORMANCE OPPORTUNITIES TO MUSIC STUDENTS 12 YEARS AND OLDER. LOCAL AND REGIONAL ARTISTS ARE INVITED. ONE CONCERT IS PRESENTED. 33 YOUTH ATTENDED AND 10 FACULTY MEMBERS PARTICIPATED.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carina Washington President | OfficerTrustee | 1 | $0 |
Katie Hook Treasurer | OfficerTrustee | 1 | $0 |
Elisha Johnson Member, Boar | Trustee | 1 | $0 |
Linda Steele Member, Boar | Trustee | 1 | $0 |
Gavin Wigginson Executive Di | Officer | 40 | $41,720 |
Marc Willis Member, Boar | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $253,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $253,074 |
| Total Program Service Revenue | $23,900 |
| Investment income | $61 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,035 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $41,720 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $45,557 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,846 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $105,972 |
| Advertising and promotion | $16,651 |
| Office expenses | $8,261 |
| Information technology | $3,000 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $20,306 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $551 |
| All other expenses | $23,719 |
| Total functional expenses | $296,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,601 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,280 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $71,881 |
| Accounts payable and accrued expenses | $4,856 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $4,856 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $67,025 |
| Total liabilities and net assets/fund balances | $71,881 |