Prism Reports Inc
- Assets
- $997.1k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 14
- Location
- Oakland, CA
- Founding
- 08/2018
- Data as of
- 12/2022
- EIN
- 82-1772450
Organization Overview
Prism Reports Inc, operating under the name Prism, is located in Oakland, CA. The organization was established in 2018. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 12/2022, Prism employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prism 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 12/2022, Prism generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.0% each year .
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PRISM IS A BIPOC-LED NONPROFIT NEWS OUTLET THAT CENTERS THE PEOPLE, PLACES, AND ISSUES CURRENTLY UNDERREPORTED BY NATIONAL MEDIA. WERE COMMITTED TO PRODUCING THE KIND OF JOURNALISM THAT TREATS BIPOC, WOMEN, THE LGBTQ+ COMMUNITY, AND OTHER INVISIBILIZED GROUPS AS THE EXPERTS ON OUR OWN LIVED EXPERIENCES, OUR RESILIENCE, AND OUR FIGHTS FOR JUSTICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ashton Lattimore Editor/board | Trustee | 40 | $125,000 |
Caitlin Gaffin COO | 40 | $111,250 | |
Sarah Alvarez Board Member | Trustee | 1 | $0 |
Joanne Griffith Board Member | Trustee | 1 | $0 |
Emma Carew Grovum Board Chair | Trustee | 3 | $0 |
Sarah Eagle Heart Board Member | 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 | $1,433,182 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,433,182 |
| Total Program Service Revenue | $5,500 |
| Investment income | $0 |
| 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 | $1,439,211 |
| 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. | $125,000 |
| Compensation of current officers, directors, key employees. | $78,670 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,052,463 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $57,261 |
| Payroll taxes | $85,056 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $10,225 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $287,793 |
| Advertising and promotion | $22,244 |
| Office expenses | $29,489 |
| Information technology | $30,405 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,719 |
| 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 | $9,874 |
| All other expenses | $361 |
| Total functional expenses | $1,728,098 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $985,960 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,800 |
| Net Land, buildings, and equipment | $9,320 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $997,080 |
| Accounts payable and accrued expenses | $1,144 |
| 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 | $35,591 |
| Total liabilities | $36,735 |
| Net assets without donor restrictions | $960,345 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $997,080 |
Grants Awarded
Over the last fiscal year, Prism Reports Inc has awarded $500,500 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
AMALGAMATED CHARITABLE FOUNDATION PURPOSE: GENERAL OPERATING | $460,500 |
AMALGAMATED CHARITABLE FOUNDATION PURPOSE: GENERAL OPERATING | $40,000 |