Prime Productions

Nonprofit profile at a glance

EIN
301054214
IRS 990 coverage
2021–2024
Forms available
Form 990 2024, Form 990-N 2020
Location
St Louis Park, MN, USA
Phone
9172732082
Rating
80
Verdict
STRONG
Rating confidence
Moderate
Sector
Theater

Official website

Reported finances

Revenue
$90,454
Expenses
$120,946
Assets
$192,471
Liabilities
$382

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

6 people listed

Highest reported compensation

  • SHELLI PLACE (CO-ARTISTIC): $7,500 total reported compensation
  • ALISON EDWARDS (CO-ARTISTIC): $7,000 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Prime productions seeks to explore, illuminate and support women over fifty and their stories through the creative voice of performance. We intend to create productions that include and encourage the participation of all genders, races, sexual orientations and abilities. It is through these varied perspectives that a complete picture can emerge and be celebrated. We have realized there is a scarcity of substantial roles in the theater for women of a certain age: female characters tend to be stereotyped, marginalized, or lacking altogether. Considering there is so much great experienced female talent in the twin cities that is not fully utilized, either by the plays being produced or the roles being written, we want to fill this gap. We aim to produce plays that employ these valuable female theater artists and address issues relevant to an aging population. We have created a theater company that: 1. Hires artists of a certain age both on stage and behind the scenes. 2. Introduces divers

What it reported doing in 2024

The goals of prime productions include: 1. Produce full staged productions encompassing our mission and values. 2. Become a professional theater with intent to hire union talent from day one. 3. Provide work to twin cities artists with pay. 4. Promote diversity, inclusion and equity. 5. Produce staged readings to develop community involvement in material selection for each production season. 6. Plan pre-show focus groups and post-show discussions to engage the community with the art. 7. Organize and launch a playwriting festival to encourage the development of material relevant to our mission and to the population we serve. Prime productions produced one production during 2024 titled "ann" about former Texas governor ann richards and approximately 1,000 people viewed the production.

Operating model

Revenue model
Earned-program. 62% of the money available for current operations came from fees and other program revenue.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 86
  • Transparency & Controls: 92
  • Accountability: 74
  • Sustainability: 31
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 100%; rating input score 100
  • Program expense ratio: 90.8%; rating input score 91
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
  • Governance controls: 3 of 8 controls in place; rating input score 38
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: NotApplicable
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Missing
    • Independent financial-statement audit: Fail

Sustainability

  • Operating margin: -33.7%; rating input score 34; 34th percentile among comparable filings
  • Total-asset coverage ratio: 1.59; rating input score 31; 31st percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 33; 33rd percentile among comparable filings
  • Officer compensation ratio: 12%; rating input score 15; 15th percentile among comparable filings

Growth

  • Program expense growth: 35.1% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -43.8% per year; rating input score 0; 9th percentile among comparable filings
  • Asset growth: -13.5% per year; rating input score 0; 11th percentile among comparable filings

Details

  • Where the money goes: 100% of revenue deployed · 90.8% of spending went to programs
  • Governance: 6 of 6 board members independent · 3 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $110K in reported program spending
  • Leadership: top reported pay $8K · 6 people listed
  • Consistency: 25 of 25 current checks pass
  • Schedules: 4 filed schedules · includes major donors
  • Filing history: 4 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: 2 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Accountability: Governance controls: 4 of 7 not reported.
  • High — Growth: Revenue growth scored 0/100.
  • Moderate — Sustainability: Operating margin scored 34/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 31/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 15/100.
  • Moderate — Sustainability: Liabilities to assets ratio scored 33/100.