Prism Gay Men and Allies Chorus Corporation
Nonprofit profile at a glance
- EIN
- 814283694
- IRS 990 coverage
- 2023–2024
- Forms available
- Form 990 2024, Form 990-EZ 2022
- Location
- Royal Oak, MI, USA
- Phone
- 7343303704
- Rating
- 80
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Music
Reported finances
- Revenue
- $318,022
- Expenses
- $286,940
- Assets
- $119,040
- Liabilities
- $32,481
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
9 people listed
People named in this filing
- Shane Dunbar (Chairman)
- Gerald Ashby Jr (VICE CHAIRMAN)
- Jantz Black (Secretary)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
PRISM is a volunteer, non-profit, performing arts organization whose mission is to provide an inclusive and affirming space for LGBTQIA+ and allies by fostering a creative space through creating music, building community, and promoting equity through performance and outreach. We will achieve this through the production of quality and entertaining performances where all people are empowered to live their lives authentically. PRISM seeks to impact the local and national community by enriching lives through community service, philanthropy, and scholarship.
What it reported doing in 2024
We held two concerts during this past year. The first was our spring concert where we had approximately 105 singers perform for an audience of approximately 850 people. During the concert we awarded our annual scholarship to a graduating high school senior going on to study in the performing arts. Our second concert was a Holiday concert, where we had approximately 100 singers perform for an audience of approximately 950 people.In addition to the concerts, we hold various community performances throughout the year including Motor City Pride, Royal Oak Family Pride, Christ Church Cranbrook services, University of Michigan art museum, and Ferndale holiday festival. These events were attended by over 1,000 individuals.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- 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 total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 74
- Transparency & Controls: 92
- Accountability: 76
- Sustainability: 45
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 80.1%; rating input score 80
- Program expense ratio: 88.7%; rating input score 89
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 64th 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; 63rd percentile among comparable filings
- Governance controls: 3 of 7 controls in place; rating input score 43
- Conflict-of-interest policy: Pass
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: 9.8%; rating input score 60; 60th percentile among comparable filings
- Total-asset coverage ratio: 0.41; rating input score 21; 21st percentile among comparable filings
- Liabilities to assets ratio: 0.27; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 69; 69th percentile among comparable filings
Growth
- Program expense growth: 66% per year; rating input score 100; 97th percentile among comparable filings
- Revenue growth: 34.2% per year; rating input score 100; 94th percentile among comparable filings
- Asset growth: 38.9% per year; rating input score 100; 94th percentile among comparable filings
Details
- Where the money goes: 80.1% of revenue deployed · 88.7% of spending went to programs
- Governance: 9 of 9 board members independent · 3 of 7 filing controls reported
- Programs: 1 filed program accomplishment · $255K in reported program spending
- Leadership: top reported pay $0 · 9 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 3 filed schedules · includes major donors
- Filing history: 2 filing years from 2023 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- 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: 3 of 6 not reported.
- High — Sustainability: Total-asset coverage ratio scored 21/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.