Overview
What is Prizm Projects Inc?
Prizm Projects Inc, located in Miami Gardens, Florida, is a small nonprofit organization with a single employee. Their primary mission is to serve as a fostering ground for artists and designers from the global African diaspora. By providing high-quality programming and events, they aim to advance and showcase their work within the thriving arts community of Miami, Florida. Prizm Projects Inc also sponsors an annual art fair, generating funds for extensive educational, cultural, and social development programs that promote inclusive artistic processes and foster integration among individuals with diverse abilities. These initiatives contribute to the enrichment and growth of the local arts scene and community.
Official website here: www.prizmprojects.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 41% (Zero-Star out of Four Star Rating)
Prizm Projects Inc has received a low rating of 41%, earning a Zero-Star rating primarily due to significant deficiencies in its accountability and financial practices. The overall score is derived from a single beacon score focused on accountability, where the organization scored poorly in multiple areas, particularly the lack of independent board members, with 0 out of 10 members being independent. Although the organization shows no material diversion of assets, it lacks essential policies such as conflict of interest and whistleblower protections.
Strengths of Prizm Projects Inc include a high program expense ratio at 90.93%, indicating a commitment to putting funds toward its programs. Additionally, the organization's tax form is properly listed on its website, which is a positive sign for transparency. However, the absence of critical governance policies and independent oversight raises concerns about its operational integrity.
The rating highlights significant areas that Prizm Projects Inc needs to improve upon to enhance its accountability and governance structure. Without independent board members or crucial policies in place, potential donors may question the organization's commitment to best practices. Overall, while the organization appears to allocate most of its funds to programs, its governance issues could undermine donor trust and confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Prizm Projects Inc legitimate?
Prizm Projects Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prizm Projects Inc 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: $34,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.prizmprojects.org
What is the mission statement of Prizm Projects Inc?
Prizm Projects Inc serves as a platform for nurturing artists and designers from the global African diaspora. Their mission is to provide high-quality programming and events, aiming to develop and promote their work within a growing arts community. Located in an unspecified area, this organization acts as an incubator, offering opportunities for these artists to showcase their talents and further their careers. They sponsor an annual art fair, which raises funds for extensive educational, cultural, and social development programs. These initiatives facilitate inclusive artistic processes, promoting the integration of individuals with diverse abilities.
Official website here: www.prizmprojects.org
Who is the CEO of Prizm Projects Inc?
Mikhaile Solomon is the President of Prizm Projects Inc.
Official website here: www.prizmprojects.org
What is the revenue of Prizm Projects Inc?
Prizm Projects Inc's revenue in 2021 was $117,546.
Official website here: www.prizmprojects.org
Who are the executives of Prizm Projects Inc and what are their salaries?
The average compensation at Prizm Projects Inc during 2021 was $34,000. There is 1 employee at Prizm Projects Inc.
There is 1 key member and their salary:
- Compensation: $34,000
- Related: $0
- Other: $0
Official website here: www.prizmprojects.org
Where can I find the form 990 for Prizm Projects Inc?
Prizm Projects Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.prizmprojects.org
Learn more at the official website: www.prizmprojects.org
Mission Statement of Prizm Projects Inc
Prizm Projects Inc serves as a nurturing ground for artists and designers hailing from the global African diaspora. Their primary mission is to provide high-quality programming and events, fostering the development and promotion of these creative individuals within the thriving arts community in Miami, Florida. By doing so, Prizm Projects Inc aims to elevate the visibility and impact of these talented individuals in the burgeoning arts scene.
In addition to their incubator role, Prizm Projects Inc also hosts an annual art fair. The proceeds from this event are allocated towards extensive educational, cultural, and social development programs. These initiatives encourage inclusive artistic processes, promoting integration among people with diverse abilities. By facilitating these opportunities, Prizm Projects Inc plays a significant role in fostering a more inclusive and vibrant arts community.
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Impact
October, 2024
Prizm Projects Inc significantly influences the artistic landscape of Miami by serving as a vital incubator for artists and designers from the global African diaspora. It actively fosters creative partnerships, ensuring that diverse voices are represented in a vibrant arts community. Through high-quality programming and events, Prizm Projects Inc not only promotes the work of these artists but also engages the community in meaningful artistic experiences.
A critical aspect of their impact is the annual art fair, which raises essential funds to support extensive educational, cultural, and social development programs. These initiatives facilitate inclusive artistic processes, ensuring that individuals with diverse abilities can participate and thrive in the creative sphere. By championing inclusivity and providing a platform for underrepresented artists, Prizm Projects Inc helps to cultivate a rich tapestry of cultural expression that enhances the fabric of Miami's artistic community.
This information is meant to be a general summary of Prizm Projects Inc. 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.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2021.
- Investment Income: $10,150
- Gross Receipts: $149,868
Assets and Liabilities:
- Total Assets: $318,816
- Total Liabilities: $290,969
- Net Assets: $27,847
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Organization Details
Founding Year
2015
Phone
(954) 372-6241Principal Officer
Mikhaile Solomon
Main Address
19324 NW 56 PLACE, MIAMI GARDENS, FL, 33055
Website
www.prizmprojects.orgNTEE Category
Code: A20 - Arts
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