Civic Intelligence

The Prodigy Project

990EZ • Fiscal year 2020 • EIN 46-3642012

Jan 01, 2020 to Dec 31, 2020 • Filed on Jun 23, 2021

19117 Richmond Beach Drive NWSeattle, WA 98177

(206) 624-3600

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.68x

Higher debt load relative to assets than 91% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

94th percentile

0.93x

Higher debt load relative to revenue than 94% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

17th percentile

-33%

Higher net margin than 17% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Top Officer Pay

82nd percentile

$15,000

Higher top officer pay than 82% of similar nonprofits.

Top officer pay equals 22.2% of source-year revenue.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

85th percentile

78%

Faster asset growth than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

23rd percentile

-49%

Faster revenue growth than 23% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$92,407

Up $40,594 (+78%) from 2019

Net Assets

Down

$29,378

Down $22,026 (-43%) from 2019

Liabilities

Up

$63,029

Up $62,620 (+15311%) from 2019

Revenue

Down

$67,602

Down $64,003 (-49%) from 2019

Expenses

Down

$89,627

Down $36,360 (-29%) from 2019

Net Income

Down

-$22,025

Down $27,643 (-492%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0Assets 2014: $44,878Liabilities 2014: $02014Assets 2015: $48,553Liabilities 2015: $02015Assets 2016: $64,765Liabilities 2016: $02016Assets 2017: $14,084Net Assets 2017: $14,0842017Assets 2018: $45,843Liabilities 2018: $56Net Assets 2018: $45,7872018Assets 2019: $51,813Liabilities 2019: $409Net Assets 2019: $51,4042019Assets 2020: $92,407Liabilities 2020: $63,029Net Assets 2020: $29,3782020Assets 2021: $125,697Liabilities 2021: $63,349Net Assets 2021: $62,3482021Assets 2022: $165,208Liabilities 2022: $62,737Net Assets 2022: $102,4712022Assets 2023: $223,536Liabilities 2023: $63,457Net Assets 2023: $160,0792023Assets 2024: $293,569Liabilities 2024: $62,941Net Assets 2024: $230,6282024

Highlighted filing

2020

Assets$92,407
Liabilities$63,029
Net Assets$29,378

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$300K$200K$100K$0-$100KRevenue 2014: $112,508Expenses 2014: $67,630Net Income 2014: $44,8782014Revenue 2015: $105,125Expenses 2015: $101,450Net Income 2015: $3,6752015Revenue 2016: $99,155Expenses 2016: $82,943Net Income 2016: $16,2122016Revenue 2017: $67,103Expenses 2017: $117,784Net Income 2017: -$50,6812017Revenue 2018: $116,623Expenses 2018: $84,918Net Income 2018: $31,7052018Revenue 2019: $131,605Expenses 2019: $125,987Net Income 2019: $5,6182019Revenue 2020: $67,602Expenses 2020: $89,627Net Income 2020: -$22,0252020Revenue 2021: $145,684Expenses 2021: $112,715Net Income 2021: $32,9692021Revenue 2022: $159,327Expenses 2022: $119,205Net Income 2022: $40,1222022Revenue 2023: $197,243Expenses 2023: $139,635Net Income 2023: $57,6082023Revenue 2024: $295,991Expenses 2024: $225,442Net Income 2024: $70,5492024

Highlighted filing

2020

Revenue$67,602
Expenses$89,627
Net Income-$22,025
Jump To
Filing Snapshot
Filing Period
Jan 1, 2020 to Dec 31, 2020
Signed
Jun 23, 2021
Return Version
2020v4.0
Gross Receipts
$67,602
Mission and Program Overview

Mission

Prodigy project is about bringing together the best and the brightest teen artists in storytelling (film and music)and 1)giving them very high level training with top mentors, 2)imbuing them with a sense of social responsibility for their talent, 3)sharpening their moral compass, 4)helping them find their artistic voice, and 5)building a community or a complex whole, greater than the sum of its parts. The prodigy project's mission to "influence future influencers" is continually being realized as more than 200 alumni have gone on to be accepted at the top film schools, to work on major hollywood films, to be signed by major record labels, and to create more authentic media that influences thousands worldwide.

Program Services

DescriptionGrantsExpenses
PRODIGY CAMP: THE PRODIGY CAMP IS A WEEK-LONG INTENSIVE CAMP FOR THE MOST PROMISING YOUNG FILMMAKERS AND SONGWRITERS FROM AROUND THE WORLD BETWEEN THE AGES OF 12 AND 18. THE CAMP CREATES A SPACE DEDICATED TO HELPING ASPIRING YOUNG ARTISTS EXPLORE AND DEVELOP THE ART OF STORYTELLING THROUGH FILMMAKING AND SONGWRITING. FILMMAKERS AND MUSICIANS ALIKE HONE IN ON THE FUNDAMENTALS OF THEIR ART, ABSORB HOURS OF MENTORING AND INSTRUCTION, DEVELOP NEW SCRIPTS AND SONGS, AND DIVE DEEP INTO UNDERSTANDING THEIR OWN PERSONAL STORY AND JOURNEY. AT THE END OF THE WEEK, THE FILM STUDENTS ARE FACED WITH THE CHALLENGE OF EXECUTING ALL THEIR NEWLY FORMED AND FINE-TUNED SKILLS BY SHOOTING THEIR OWN SHORT FILM, WHILE THE SONGWRITERS ARE GIVEN THE OPPORTUNITY TO PROFESSIONALLY RECORD ONE OF THEIR NEWLY WRITTEN SONGS. THIS PROGRAM IS INTENDED TO PROVIDE GIFTED INDIVIDUALS WITH THE PROFESSIONAL, EMOTIONAL, AND MORAL TOOLS TO MAKE A POSITIVE IMPACT ON THE WORLD AND TO SUPPORT THEIR ARTISTIC AND EMOTIONAL DEVELOPMENT.-$50,165
PRODIGY ALUMNI CONTINUING EDUCATION: IN ADDITION TO THE CAMP, INDIVIDUALS WILL ALSO BE ELIGIBLE TO PARTICIPATE IN PRODIGY ALUMNI CONTINUING EDUCATION IF THEY HAVE PARTICIPATED IN PREVIOUS PRODIGY/PRODUCTION CAMPS. THESE ACTIVITIES INCLUDE FILM SCREENINGS, CRITIQUES, ACTING CLASSES, SONGWRITING WORKSHOPS, PERSONAL STORY "CAMPFIRES", ALUMNI NETWORKING DINNERS, AND REAL-WORLD EDITING EXPERIENCE PROJECTS. THESE ACTIVITIES ARE CONDUCTED AS FUNDS AND VOLUNTEER STAFF ARE AVAILABLE TO FACILITATE. PRODIGY ALUMNI CONTINUING EDUCATION IS INTENDED TO FOSTER POST-CAMP COMMUNITY AND SUPPORT AND TO CONTINUE TO HELP STUDENTS DEVELOP THEIR SKILLS AS STORYTELLERS. THE ORGANIZATION CURRENTLY OFFERS THESE ACTIVITIES AND EVENTS FREE OF CHARGE TO ALL CAMP ALUMNI.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
MAXIMILIAN LOSEESecretaryPT$15,000-$15,000
RICHARD STEVENSONPresidentPT$13,500-$13,500
NED HOSFORDVice Preside-$0--
BRUCE HOSFORDBoard Member-$0--
TERI BOWDLETreasurer-$0--
Filing and Contact Details

Filer

Filer Name
The Prodigy Project
EIN
46-3642012
Address
19117 RICHMOND BEACH DRIVE NW, SEATTLE, WA 98177

Signing Officer

Name
Maximilian Losee
Title
Secretary
Signed
2021-06-23
Discuss with paid preparer
Yes

Preparer

Firm
The Hagen Firm Pllc
Address
110 3RD AVE N STE 201, EDMONDS, WA 98020
Preparer
Mary a Jones
Phone
4257715556
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses marketing 4,847 travel 2,163 insurance 1,266 food 3,334 gas 302 meals 886 supplies & equipment 14,863 online fees 6,734 bank fees 893 fundraising expense 379 business license 80 professional fees 40 washington revenue taxes 695 film mentoring exp 4,500 project contribution 5,701 misc project expenses 3,056 total 49,739

Form 990-ez, Part II, Line 24

Prepaid expenses and deferred charges 340 160 2,799 2,799 less accumulated depreciation 2,799 2,799 total 340 160

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 410 229 eidl loan 0 62,800

Form 990-ez, Part III

Prodigy project is about bringing together the best and the brightest teen artists in storytelling (film and music)and 1)giving them very high level training with top mentors, 2)imbuing them with a sense of social responsibility for their talent, 3)sharpening their moral compass, 4)helping them find their artistic voice, and 5)building a community or a complex whole, greater than the sum of its parts. The prodigy project's mission to "influence future influencers" is continually being realized as more than 200 alumni have gone on to be accepted at the top film schools, to work on major hollywood films, to be signed by major record labels, and to create more authentic media that influences thousands worldwide.

Form 990-ez, Part III, Line 28

Prodigy camp: the prodigy camp is a week-long intensive camp for the most promising young filmmakers and songwriters from around the world between the ages of 12 and 18. The camp creates a space dedicated to helping aspiring young artists explore and develop the art of storytelling through filmmaking and songwriting. Filmmakers and musicians alike hone in on the fundamentals of their art, absorb hours of mentoring and instruction, develop new scripts and songs, and dive deep into understanding their own personal story and journey. At the end of the week, the film students are faced with the challenge of executing all their newly formed and fine-tuned skills by shooting their own short film, while the songwriters are given the opportunity to professionally record one of their newly written songs. This program is intended to provide gifted individuals with the professional, emotional, and moral tools to make a positive impact on the world and to support their artistic and emotional development.

Form 990-ez, Part III, Line 29

Prodigy alumni continuing education: in addition to the camp, individuals will also be eligible to participate in prodigy alumni continuing education if they have participated in previous prodigy/production camps. These activities include film screenings, critiques, acting classes, songwriting workshops, personal story "campfires", alumni networking dinners, and real-world editing experience projects. These activities are conducted as funds and volunteer staff are available to facilitate. Prodigy alumni continuing education is intended to foster post-camp community and support and to continue to help students develop their skills as storytellers. The organization currently offers these activities and events free of charge to all camp alumni.

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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1PRODIGY ALUMNI CONTINUING EDUCATION: IN ADDITION TO THE CAMP, INDIVIDUALS WILL ALSO BE ELIGIBLE TO PARTICIPATE IN PRODIGY ALUMNI CONTINUING EDUCATION IF THEY HAVE PARTICIPATED IN PREVIOUS PRODIGY/PRODUCTION CAMPS. THESE ACTIVITIES INCLUDE FILM SCREENINGS, CRITIQUES, ACTING CLASSES, SONGWRITING WORKSHOPS, PERSONAL STORY "CAMPFIRES", ALUMNI NETWORKING DINNERS, AND REAL-WORLD EDITING EXPERIENCE PROJECTS. THESE ACTIVITIES ARE CONDUCTED AS FUNDS AND VOLUNTEER STAFF ARE AVAILABLE TO FACILITATE. PRODIGY ALUMNI CONTINUING EDUCATION IS INTENDED TO FOSTER POST-CAMP COMMUNITY AND SUPPORT AND TO CONTINUE TO HELP STUDENTS DEVELOP THEIR SKILLS AS STORYTELLERS. THE ORGANIZATION CURRENTLY OFFERS THESE ACTIVITIES AND EVENTS FREE OF CHARGE TO ALL CAMP ALUMNI.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MARKETING 4,847 TRAVEL 2,163 INSURANCE 1,266 FOOD 3,334 GAS 302 MEALS 886 SUPPLIES & EQUIPMENT 14,863 ONLINE FEES 6,734 BANK FEES 893 FUNDRAISING EXPENSE 379 BUSINESS LICENSE 80 PROFESSIONAL FEES 40 WASHINGTON REVENUE TAXES 695 FILM MENTORING EXP 4,500 PROJECT CONTRIBUTION 5,701 MISC PROJECT EXPENSES 3,056 TOTAL 49,739
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1PREPAID EXPENSES AND DEFERRED CHARGES 340 160 2,799 2,799 LESS ACCUMULATED DEPRECIATION 2,799 2,799 TOTAL 340 160
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 410 229 EIDL LOAN 0 62,800
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRODIGY PROJECT IS ABOUT BRINGING TOGETHER THE BEST AND THE BRIGHTEST TEEN ARTISTS IN STORYTELLING (FILM AND MUSIC)AND 1)GIVING THEM VERY HIGH LEVEL TRAINING WITH TOP MENTORS, 2)IMBUING THEM WITH A SENSE OF SOCIAL RESPONSIBILITY FOR THEIR TALENT, 3)SHARPENING THEIR MORAL COMPASS, 4)HELPING THEM FIND THEIR ARTISTIC VOICE, AND 5)BUILDING A COMMUNITY OR A COMPLEX WHOLE, GREATER THAN THE SUM OF ITS PARTS. THE PRODIGY PROJECT'S MISSION TO "INFLUENCE FUTURE INFLUENCERS" IS CONTINUALLY BEING REALIZED AS MORE THAN 200 ALUMNI HAVE GONE ON TO BE ACCEPTED AT THE TOP FILM SCHOOLS, TO WORK ON MAJOR HOLLYWOOD FILMS, TO BE SIGNED BY MAJOR RECORD LABELS, AND TO CREATE MORE AUTHENTIC MEDIA THAT INFLUENCES THOUSANDS WORLDWIDE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PRODIGY CAMP: THE PRODIGY CAMP IS A WEEK-LONG INTENSIVE CAMP FOR THE MOST PROMISING YOUNG FILMMAKERS AND SONGWRITERS FROM AROUND THE WORLD BETWEEN THE AGES OF 12 AND 18. THE CAMP CREATES A SPACE DEDICATED TO HELPING ASPIRING YOUNG ARTISTS EXPLORE AND DEVELOP THE ART OF STORYTELLING THROUGH FILMMAKING AND SONGWRITING. FILMMAKERS AND MUSICIANS ALIKE HONE IN ON THE FUNDAMENTALS OF THEIR ART, ABSORB HOURS OF MENTORING AND INSTRUCTION, DEVELOP NEW SCRIPTS AND SONGS, AND DIVE DEEP INTO UNDERSTANDING THEIR OWN PERSONAL STORY AND JOURNEY. AT THE END OF THE WEEK, THE FILM STUDENTS ARE FACED WITH THE CHALLENGE OF EXECUTING ALL THEIR NEWLY FORMED AND FINE-TUNED SKILLS BY SHOOTING THEIR OWN SHORT FILM, WHILE THE SONGWRITERS ARE GIVEN THE OPPORTUNITY TO PROFESSIONALLY RECORD ONE OF THEIR NEWLY WRITTEN SONGS. THIS PROGRAM IS INTENDED TO PROVIDE GIFTED INDIVIDUALS WITH THE PROFESSIONAL, EMOTIONAL, AND MORAL TOOLS TO MAKE A POSITIVE IMPACT ON THE WORLD AND TO SUPPORT THEIR ARTISTIC AND EMOTIONAL DEVELOPMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRODIGY ALUMNI CONTINUING EDUCATION: IN ADDITION TO THE CAMP, INDIVIDUALS WILL ALSO BE ELIGIBLE TO PARTICIPATE IN PRODIGY ALUMNI CONTINUING EDUCATION IF THEY HAVE PARTICIPATED IN PREVIOUS PRODIGY/PRODUCTION CAMPS. THESE ACTIVITIES INCLUDE FILM SCREENINGS, CRITIQUES, ACTING CLASSES, SONGWRITING WORKSHOPS, PERSONAL STORY "CAMPFIRES", ALUMNI NETWORKING DINNERS, AND REAL-WORLD EDITING EXPERIENCE PROJECTS. THESE ACTIVITIES ARE CONDUCTED AS FUNDS AND VOLUNTEER STAFF ARE AVAILABLE TO FACILITATE. PRODIGY ALUMNI CONTINUING EDUCATION IS INTENDED TO FOSTER POST-CAMP COMMUNITY AND SUPPORT AND TO CONTINUE TO HELP STUDENTS DEVELOP THEIR SKILLS AS STORYTELLERS. THE ORGANIZATION CURRENTLY OFFERS THESE ACTIVITIES AND EVENTS FREE OF CHARGE TO ALL CAMP ALUMNI.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III, LINE 29
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