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Prism Economic Development Corporation

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

EIN: 274679627 ✦ Milwaukee, WI ✦ Designated as a 501(c)(3)

Overview

What is Prism Economic Development Corporation?

Prism Economic Development Corporation, situated in Milwaukee, Wisconsin, is a nonprofit organization committed to fostering economic growth and promoting human flourishing in the Sherman Park Community. They achieve this by offering a unique resource – Upstart Kitchen. This shared kitchen space provides budding entrepreneurs in economically disadvantaged areas with access to professional-grade facilities and a supportive community. In addition to offering a platform for business development, Prism Economic Development Corporation also organizes catering events, providing these entrepreneurs with opportunities to enhance their skills and gain exposure for their products.


Official website here: www.prismedc.org

Is Prism Economic Development Corporation legitimate?

Prism Economic Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Prism Economic Development Corporation 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $95,787

For more financial information, click here


Official website here: www.prismedc.org

What is the mission statement of Prism Economic Development Corporation?

Prism Economic Development Corporation's mission is centered around providing resources to the Sherman Park community, aiming to foster sustainable economic growth and promote human flourishing. Specifically, Prism EDC strives to make these resources accessible, enabling the community to thrive economically. One of their initiatives, the Upstart Kitchen, offers a professional-grade kitchen to budding entrepreneurs in economically depressed areas. By providing this facility, Prism EDC also offers an ecosystem of community support, enabling these entrepreneurs to hone their skills and increase their visibility through catering events.


Official website here: www.prismedc.org

Who is the CEO of Prism Economic Development Corporation?

Walter Harvey is the President of Prism Economic Development Corporation.


Official website here: www.prismedc.org

What is the revenue of Prism Economic Development Corporation?

Prism Economic Development Corporation's revenue in 2022 was $1,155,184.


Official website here: www.prismedc.org

Who are the executives of Prism Economic Development Corporation and what are their salaries?

The average compensation at Prism Economic Development Corporation during 2022 was $23,947. There are 4 employees and 25 volunteers at Prism Economic Development Corporation.

Here are 4 key members and their salaries:

    Leo Reis (Frmr Executive Dir)
  • Compensation: $39,000
  • Related: $0
  • Other: $0

    • Walter Harvey (President) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Theresa Jones (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brenda Bowers (Executive Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.prismedc.org

    Where can I find the form 990 for Prism Economic Development Corporation?

    The Prism Economic Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.prismedc.org

    Learn more at the official website: www.prismedc.org

    Mission Statement of Prism Economic Development Corporation

    Prism Economic Development Corporation is an organization committed to serving the Sherman Park Community by providing them with resources that foster sustained economic growth and human flourishing. Its mission is to create an environment where local entrepreneurs in economically depressed areas have access to professional-grade kitchen facilities and a supportive community. By offering these resources, Prism EDC aims to empower these entrepreneurs, allowing them to hone their skills and increase their visibility in the local market through catering events. This approach ultimately contributes to the overall economic growth and well-being of the Sherman Park Community.

    Impact

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




    Thursday, August 15, 2024

    Prism Economic Development Corporation's impact is seen in their provision of resources to the Sherman Park Community that result in sustained economic growth and human flourishing. One of their initiatives, Upstart Kitchen, has provided budding entrepreneurs in economically depressed communities with access to a professional-grade kitchen and a supportive ecosystem. Through this program, entrepreneurs have had the opportunity to hone their skills and showcase their products at local events, furthering their growth and impact in the community.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

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

  • Investment Income: $0
  • Program Service Revenue: $197,924
  • Gross Receipts: $1,155,184

    • Assets and Liabilities:
  • Total Assets: $1,174,483
  • Total Liabilities: $148,638
  • Net Assets: $1,025,845
  • Programs

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

    UpStart Kitchen

    Revenue

    $42,420

    Catering Services

    Revenue

    $155,504

    Organization Details

    Founding Year

    2011

    Principal Officer

    Walter Harvey

    Main Address

    3725 N Sherman Blvd, Milwaukee, WI, 53216

    NTEE Category

    Code: P40 - Human services

    If you are a representative of Prism Economic Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.