Civic Intelligence

The Prodigy Project

990 • Fiscal year 2023 • EIN 46-3642012

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 08, 2024

19117 Richmond Beach Drive NWSeattle, WA 98177

(206) 542-5005

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$223,536

Up $58,328 (+35%) from 2022

Net Assets

Up

$160,079

Up $57,608 (+56%) from 2022

Liabilities

Up

$63,457

Up $720 (+1.1%) from 2022

Revenue And Expenses

Revenue

Up

$197,243

Up $37,916 (+24%) from 2022

Expenses

Up

$139,635

Up $20,430 (+17%) from 2022

Net Income

Up

$57,608

Up $17,486 (+44%) from 2022

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

2023

Assets$223,536
Liabilities$63,457
Net Assets$160,079

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

2023

Revenue$197,243
Expenses$139,635
Net Income$57,608
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 8, 2024
Return Version
2023v5.0
Gross Receipts
$202,373
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$165,044$223,536▲ $58,492
Prepaid Expenses and Deferred Charges$163--
Total Assets$165,207$223,536▲ $58,329
Liabilities
Other Liabilities$62,531$62,800▲ $269
Accounts Payable and Accrued Expenses$205$657▲ $452
Total Liabilities$62,736$63,457▲ $721
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$102,471$160,079▲ $57,608
Total Net Assets Fund Balance$102,471$160,079▲ $57,608
Total Liabilities and Net Assets / Fund Balance$165,207$223,536▲ $58,329

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$5,799$5,799
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Richard StevensonPresidentPT$18,000$18,000
Maximilian LoseeVice PresidePT$11,700$11,700
Hailey MotsenbockerSecretary-$4,800$4,800
Teri BowdleTreasurer-$1,100$1,100

Board Members and Trustees

NameTitle
Bruce HosfordBoard Member
Ned HosfordBoard Member
Revenue and Support

Revenue Composition

Contributions and Grants
$108,043
Program Service Revenue
$94,330
Investment Income
$0
Other Revenue
$-5,130
All Other Contributions
$77,793
Change in Net Assets
$57,608
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$103,535
Salaries, Compensation, and Employee Benefits$35,600
Grants and Similar Amounts Paid$500
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$40,818--$40,818
Current Officers, Directors, Trustees, and Key Employees-$35,600-$35,600
Fees for Services Other$11,649--$11,649
All Other Expenses$6,968$4,553-$11,521
Other Expenses$4,369$113-$4,369
Interest-$3,766-$3,766
Travel$3,590$59-$3,649
Fees for Services Accounting-$3,465-$3,465
Insurance-$1,348-$1,348
Grants to Domestic Orgs$500--$500
Advertising-$197-$197
Total Functional Expenses$85,215$54,420$0$139,635
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$5,130
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Prodigy Celebra$30,250---
Total Events$30,250-$5,130$-5,130
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Eidl Loan$62,800
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 2

Richard stevenson maximilian losee family relationship bruce hosford ned hosford family relationship

Form 990, Page 6, Part VI, Line 11B

Form 990 distributed to vice president and treasurer for review prior to filing.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Prodigy Project
EIN
46-3642012
Phone
2065425005
Address
19117 RICHMOND BEACH DRIVE NW, SEATTLE, WA 98177

Signing Officer

Name
Maximilian Losee
Title
Vice President
Phone
2065425005
Signed
2024-06-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Richard Stevenson
Formed
2013
Legal Domicile
Wa
Voting Board Members
6
Independent Board Members
2
Employees
0

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 - ORGANIZATION'S 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.

Form 990, Page 2, Part III, Line 2

The prodigy music collective was started and is now the 2nd exempt purpose accomplishment.

Form 990, Page 2, Part III, Line 3

The enough project was the 2nd exempt purpose accomplishment but concluded activity in 2022.

Form 990, Page 2, Part III, Line 4A

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 13 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. 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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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0PRODIGY 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/ExplanationTxt1THE PRODIGY MUSIC COLLECTIVE WAS STARTED AND IS NOW THE 2ND EXEMPT PURPOSE ACCOMPLISHMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE ENOUGH PROJECT WAS THE 2ND EXEMPT PURPOSE ACCOMPLISHMENT BUT CONCLUDED ACTIVITY IN 2022.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PRODIGY 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 13 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. 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4RICHARD STEVENSON MAXIMILIAN LOSEE FAMILY RELATIONSHIP BRUCE HOSFORD NED HOSFORD FAMILY RELATIONSHIP
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5FORM 990 DISTRIBUTED TO VICE PRESIDENT AND TREASURER FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
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ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0VICE PRESIDENT
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