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Prism Quartet Incorporated

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 264210673 ✦ Philadelphia, PA ✦ Designated as a 501(c)(3)

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Overview

What is Prism Quartet Incorporated?

Prism Quartet Incorporated, based in Philadelphia, Pennsylvania, is a compact nonprofit organization with a single dedicated employee. Their primary mission is to foster contemporary music, achieving this through various programs. They commission new compositions, engage in residencies and outreach activities, and produce recordings to promote and showcase these innovative musical pieces. Their efforts contribute to the broader music landscape, enriching audiences with fresh perspectives and sounds.

Is Prism Quartet Incorporated legitimate?

Prism Quartet Incorporated is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prism Quartet Incorporated submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $198,483
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Prism Quartet Incorporated?

Prism Quartet Incorporated's mission is centered around commissioning and disseminating contemporary music. They achieve this goal through various means, including live performances, residency and outreach programs, and the production of recordings. By providing these services, the organization aims to make contemporary music more accessible and widely appreciated. Prism Quartet Incorporated's activities contribute to the enrichment of the musical landscape, offering a platform for innovative compositions and engaging audiences with fresh, contemporary sounds.

Who is the CEO of Prism Quartet Incorporated?

Matthew Levy is the Executive Director of Prism Quartet Incorporated.

What is the revenue of Prism Quartet Incorporated?

Prism Quartet Incorporated's revenue in 2022 was $313,337.

Who are the executives of Prism Quartet Incorporated and what are their salaries?

The average compensation at Prism Quartet Incorporated during 2022 was $198,483. There is 1 employee and 8 volunteers at Prism Quartet Incorporated.


Here are 5 key members and their salaries:


Matthew Levy (Executive Director)
  • Compensation: $97,222
  • Related: $0
  • Other: $8,507
Timothy Mcallister (Co-Artistic Director)
  • Compensation: $20,446
  • Related: $0
  • Other: $0
Taimer Sullivan (Secretary)
  • Compensation: $22,946
  • Related: $0
  • Other: $0
Zachary Shermon (Treasurer)
  • Compensation: $22,946
  • Related: $0
  • Other: $0
Others On List (Attached)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Prism Quartet Incorporated?

Prism Quartet Incorporated's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Prism Quartet Incorporated

Prism Quartet Incorporated is a dedicated organization with a mission to champion contemporary music. They accomplish this mission through various programs, primarily focused on commissioning new compositions, presenting performances, engaging in residency and outreach initiatives, and producing recordings. By undertaking these activities, Prism Quartet Incorporated serves as a platform for contemporary music, ensuring its dissemination and accessibility to a wider audience. Their efforts in commissioning and performing contemporary music contribute to the development of this genre, fostering innovation and creativity in the music industry.

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Impact




October, 2024

Prism Quartet Incorporated significantly enhances the contemporary music landscape through its dedicated efforts in commissioning and disseminating new works. Based in Philadelphia, the organization actively engages in the performance of concerts, providing audiences with access to innovative musical compositions that reflect current artistic trends.

Through its residency and outreach programs, Prism Quartet fosters connections within the community, inspiring both musicians and listeners to embrace contemporary music. This initiative not only elevates the genre but also cultivates a deeper appreciation for modern compositions. Additionally, the production of recordings allows for wider dissemination of these works, ensuring that contemporary music reaches a broader audience and remains a vital part of the cultural conversation.

By focusing on collaboration and education, Prism Quartet plays a pivotal role in advancing the contemporary music scene, thereby enriching the arts and promoting a vibrant musical ecosystem.




This information is meant to be a general summary of Prism Quartet Incorporated. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$313,337 (2022)
Expenses
$395,669 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $495
  • Program Service Revenue: $28,282
  • Gross Receipts: $313,337

Assets and Liabilities:

  • Total Assets: $272,757
  • Total Liabilities: $0
  • Net Assets: $272,757

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TICKET & MERCHANDISE SALES

Revenue

$10,807

PERFORMANCE FEES

Revenue

$17,475

Organization Details

Founding Year

2008

Principal Officer

Matthew Levy

Main Address

257 W HARVEY STREET, PHILADELPHIA, PA, 19144

NTEE Category

Code: A68 - Arts

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