Prism Education Center
- Assets
- $1.1m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 65
- Location
- Fayetteville, AR
- Founding
- 08/2009
- Data as of
- 06/2021
- EIN
- 80-0375834
Organization Overview
Prism Education Center is located in Fayetteville, AR. The organization was established in 2009. According to its NTEE Classification (B19) the organization is classified as: Support N.E.C., under the broad grouping of Education and related organizations. As of 06/2021, Prism Education Center employed 65 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prism Education Center 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 06/2021, Prism Education Center generated $1.4m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $1.3m during the year ending 06/2021. While expenses have increased by 3.2% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PRISM NORTH AMERICA PROVIDE EDUCATIONAL PROGRAMS FOR STUDENTS 6 WEEKS THROUGH 12TH GRADE. THESE PROGRAMS ARE EARLY CHILDHOOD PROGRAMS, PRIVATE SCHOOL, SUMMER PROGRAMS AND AFTER SCHOOL PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MAJORITY OF PRISM'S FUNDING WAS EXPENDED ON WAGES OF TEACHERS, THERAPISTS & ADMINISTRATORS AS WELL AS UTILITIES AND FACILITY EXPENSES ASSOCIATED WITH RUNNING OUR PRESCHOOL, AFTER SCHOOL, PRIVATE SCHOOL AND SUMMER PROGRAMS.
PRISM PROVIDED MEALS FOR STUDENTS INCLUDING BREAKFAST, LUNCH AND UP TO 2 SNACKS DAILY FOR STUDENTS ENROLLED IN OUR PRESCHOOL PROGRAM AND FOR K-12 STUDENTS ENROLLED IN OUR FAYETTEVILLE CAMPUS. SOME OF THESE STUDENT'S MEALS WERE REIMBURSED BY THE USDA FOOD PROGRAM.
THE REMAINDER OF PRISM'S FUNDING WAS EXPENDED ON CLASSROOM MATERIALS AND OPERATIONAL SUPPLIES & EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Misty Newcomb Superintendent | Trustee | 40 | $37,817 |
Noel Woodroffe Board Member | Trustee | 0.2 | $0 |
Scott Webster Board Member | Trustee | 1 | $0 |
Marlon Jameson Board Member | Trustee | 0.2 | $0 |
David Francis Copp Board Member | Trustee | 0.2 | $0 |
Daniel Steven Schultz Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $155,187 |
| All other contributions, gifts, grants, and similar amounts not included above | $107,918 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $263,105 |
| Total Program Service Revenue | $1,088,775 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $28,600 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $7,879 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,388,416 |
| 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 | $0 |
| Compensation of current officers, directors, key employees. | $38,293 |
| Compensation of current officers, directors, key employees. | $18,380 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $725,948 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $43,666 |
| Payroll taxes | $47,475 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $38,793 |
| Advertising and promotion | $4,852 |
| Office expenses | $15,169 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $85,235 |
| Travel | $1,681 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $21,329 |
| Interest | $40,250 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,455 |
| Insurance | $17,067 |
| All other expenses | $38,146 |
| Total functional expenses | $1,282,135 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $108,562 |
| 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 | $0 |
| Net Land, buildings, and equipment | $961,243 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,069,805 |
| Accounts payable and accrued expenses | $30,681 |
| 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 | $715,450 |
| Other liabilities | $19,339 |
| Total liabilities | $765,470 |
| Net assets without donor restrictions | $304,335 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,069,805 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Prism Education Center has recieved totaling $214.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $214 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Louisiana Achievement Charter Academies Inc Baton Rouge, LA | $3,478,598 | $15,099,695 |
New Schools For New Orleans Inc New Orleans, LA | $13,416,454 | $13,527,972 |
Texas Childrens Womens Specialists Houston, TX | $84,810,627 | $8,522,353 |
The Opportunity Trust St Louis, MO | $4,217,060 | $10,924,434 |
Child Care Plus Training & Development Center Inc Montgomery, TX | $1,071,793 | $6,895,362 |
University Of Mississippi Educational Building Corporation University, MS | $221,725,565 | $5,871,749 |
Unizin Ltd Austin, TX | $2,802,799 | $4,764,216 |
Sss Education Foundation Mesquite, TX | $79,366,180 | $3,445,001 |
Jackson Foundation Inc Dickson, TN | $81,442,128 | $3,275,608 |
Influence 1 Memphis, TN | $6,214,331 | $4,262,960 |
Carruth Center Inc Houston, TX | $315,119 | $4,215,286 |
E-Stem Public Charter Schools Inc Little Rock, AR | $15,935,823 | $3,314,304 |