Praize Productions Inc
- Assets
- $122.1k
- Revenue
- $228.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Chicago, IL
- Founding
- 06/2013
- Data as of
- 12/2022
- EIN
- 27-3321845
Organization Overview
Praize Productions Inc is located in Chicago, IL. The organization was established in 2013. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Praize Productions Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Praize Productions Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Praize Productions Inc generated $228.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 17.1% each year . All expenses for the organization totaled $216.3k during the year ending 12/2022. While expenses have increased by 16.3% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE PROFESSIONAL EXPOSURE AND EXPERIENCES IN THE ARTS ALONG WITH ADDITIONAL SUPPORT THAT ENCOURAGES AND PROVIDES GUIDANCE TO PARTICIPANTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
NINE MOVIE PREMIERE OUR MOVIE PREMIERE TOOK THE PLACE OF OUR ANNUAL LIVE PRODUCTION DUE TO COVID-19. THE FILM MASTERFULLY WEAVED DANCE, MUSIC, VISUAL ARTS AND SPOKEN WORD. THE AUDIENCE WAS TAKEN ON AN EUPHORIC JOURNEY THAT GAVE LIFE TO A WIDE ARRAY OF EMOTIONS AND IDEAS. EACH STORYLINE COVERS CURRENT EVENTS AND HAPPENINGS THAT AFFECT THE EVERYDAY PERSON. PERFORMED BY THE YOUTH AND YOUNG ADULT ENSEMBLE CAST, WE HAD OVER 800 AUDIENCE MEMBERS IN ATTENDANCE TO WATCH THE FILM. AT THE PREMIERE THE PPI PILLAR AWARDS WERE PRESENTED TO 3 MEMBERS OF THE COMMUNITY FOR THEIR DISTINGUISHED SERVICE AND COMMITMENT TO THE DEVELOPMENT, GROWTH, AND REVIVAL OF PEOPLE AND COMMUNITIES.
PRAIZE PRODUCTION INC ACADEMY OUR ACADEMY OFFERS A UNIQUE AND HOLISTIC APPROACH TO ARTISTRY THAT FOCUSES ON THE STUDENT AS BOTH AN ARTIST AND PERSON. COMMITTED TO PROVIDING HIGH QUALITY ARTS EDUCATION THAT HELPS CULTIVATE WELL-ROUNDED, RESPONSIBLE, AND COMPASSIONATE INDIVIDUALS. THE PROGRAMMING IS CENTERED AROUND BUILDING FAMILIES AND COMMUNITIES THAT POSITIVELY REFLECT AND IMPACT YOUNG PEOPLE. THE ACADEMY RUNS SEPTEMBER THROUGH JUNE WITH A SUMMER CAMP IN JULY. WE OFFER TEN CLASSES WEEKLY TO YOUTH AGES 3-18. SOME OF THOSE CLASSES ARE TUMBLING, BALLET, JAZZ, HIP-HOP, AND MUCH MORE. WE ALSO TAKE OUR STUDENTS ON FIELD EXPERIENCES TO GAIN OUTSIDE EXPOSURE AS WELL AS HOST REGULAR PARENT MEETINGS AND HAVE DANCE REPORT CARDS TO DISCUSS THE STUDENTS' PROGRESS THROUGHOUT THE YEAR. OVER 40 STUDENTS WERE ENROLLED.
CPS SATILITE PROGRAM PPI IS A CPS VENDOR. WE PROVIDE ARTS ENRICHMENT CLASSES TO STUDENTS IN CHICAGO PUBLIC SCHOOLS TO SUPPLEMENT THE LACK OF ACCESS TO ARTS EDUCATION. THESE CLASSES INCLUDE DANCE, YOGA AND TUMBLING. STUDENTS RANGE FROM GRADES PRE-K THROUGH 8TH GRADE. OVER 150 STUDENTS WERE BENEFITED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Enneressa Davis Board Chair | 40 | $60,731 | |
Charish Johnson Board Member | 15 | $2,139 | |
Patricia Thompson Vice Chair | Officer | 1 | $0 |
Enner Davis Treasurer | Officer | 1 | $0 |
Sandra Norris Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $113,927 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $114,927 |
| Total Program Service Revenue | $113,106 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $228,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $3,639 |
| Compensation of current officers, directors, key employees. | $71,047 |
| Compensation of current officers, directors, key employees. | $19,833 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,199 |
| Fees for services: Management | $6,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $2,393 |
| Office expenses | $1,199 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,546 |
| Travel | $3,283 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,754 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,246 |
| All other expenses | $0 |
| Total functional expenses | $216,345 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $115,406 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,667 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $122,073 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,982 |
| Total liabilities | $1,982 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $120,091 |
| Total liabilities and net assets/fund balances | $122,073 |