Praize Productions Inc in Chicago, Illinois (IL)

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Praize Productions Inc
Employer Identification Number (EIN)273321845
Name of OrganizationPraize Productions Inc
In Care of NameRocherr Landrum-Johnson
Address10047 S Emerald Ave, Chicago, IL 60628-1806
SubsectionEducational Organization
Ruling Date06/2013
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$1 to $9,999
Income$10,000 to $24,999
Filing Requirement990 - Required to file Form 990-N - Income less than $25,000 per year
Asset Amount$8,916
Amount of Income$17,959
Form 990 Revenue Amount$-3,548
National Taxonomy of Exempt Entities (NTEE)Arts, Culture and Humanities: Arts Education

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Amount of income in 2013: $17,959 (it was $7,369 in 2012)
This organization: 

Other organizations performing similar types of work: 


Assets in 2013: $8,916 (it was $5,236 in 2012)
Praize Productions Inc: 

Other organizations performing similar types of work: 


Expenses in 2013: $1,952
This organization: 

Other organizations performing similar types of work: 


Income to expenses ratio in 2013: 9.2
Praize Productions Inc: 

Other organizations performing similar types of work: 


Grants share in income in 2013: -292.8%
Praize Productions Inc: 

Other organizations performing similar types of work: 


Financial snapshot ($)

Support schedule

Revenue, Expenses, and Changes in Net Assets or Fund Balances
Total revenue$7,369$-3,548
Contributions, gifts, grants, and similar amounts received$0$10,389
Program service revenue including government fees and contracts$6,719$0
Membership dues and assessments$0$0
Investment income$0$0
Gain/Loss from sale of assets other than inventory$0$0
Net income/loss from gaming and fundraising events$650$-13,937
Gross income from gaming$0$0
Gross income from fundraising events$650$7,570
Less: direct expenses from gaming and fundraising events$0$21,507
Gross profit/loss from sales of inventory$0$0
Other revenue$0$0
Total expenses$3,388$1,952
Total net assets$5,236$8,916
Excess/Deficit for the year$3,981$-5,500
Net assets or fund balances at beginning of year$1,255$14,416
Other changes in net assets or fund balances$0$0
Net assets or fund balances at end of year$5,107$-264
Balance Sheets
Total assets$5,236$8,916
Total liabilities$0$0
Net assets or fund balances$5,236$8,916
Other Information
Did the organization engage in any significant activity not previously reported to the IRS?NoNo
Were any significant changes made to the organizing or governing documents?NoNo
Did the organization have unrelated business gross income of $1,000 or more during the year from business activitiesNoNo
Has the organization filed a Form 990-T for the year?NoNo
Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year?NoNo
Amount of political expenditures, direct or indirect$0$0
Did the organization file Form 1120-POL for this year?NoNo
Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return?NoNo
Total amount involved$0$0
Initiation fees and capital contributions$0$0
Gross receipts for public use of club facilities$0$0
Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ?NoNo
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?NoNo
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives: (1) more than 33 1/3 % of its support from contributions, membership fees, and gross receipts from activities related to its exempt functions - subject to certain exceptions, and (2) no more than 33 1/3 % of its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses acquired by the organization after June 30, 1975
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Section 509(a)(2) (for 2009 - 2013)
2009 - 2013 Total
Public support$27,066
Gifts, grants, contributions, and membership fees received$18,846
Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose$8,220
Gross receipts from activities that are not an unrelated trade or business under section 513$0
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
Amounts received from disqualified persons$0
Amounts received from other than disqualified persons that exceed the greater of $5,000 or 1% of the total support$0
Total support$27,066
Public support$27,066
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$0
Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975$0
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income$0
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Organizations performing similar types of work
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1Ingenuity Incorporated Chicago11 E Hubbard St Ste 200, Chicago, IL 60611-5637IL2011-09$2,796,456
2Community Center For The Arts103 N Race St, Urbana, IL 61801-2625IL2009-08$238,689
3Chicago Art Department1837 S Halsted, Chicago, IL 60608IL2007-01$201,750
4Kaleidoscope School Of Fine Art316 W Main St, Barrington, IL 60010-3012IL2014-09$165,255
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7Heaven Gallery1550 N Milwaukee Ave, Chicago, IL 60622-2008IL2012-10$55,607
8Chicago Urban Art Society3636 S Iron St # 2, Chicago, IL 60609-1321IL2013-03$54,100
9R P M Productions1440 South Michigan Avenue Ph12, Chicago, IL 60605-2822IL1995-07$37,529
10Helen Doria Foundation9417 Burlington Ave, Brookfield, IL 60513-1829IL2014-11$34,695
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15Flat Iron Artists Association1579 N Milwaukee Ave, Chicago, IL 60622-2452IL2009-09$13,584
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18Acts 2 School Of Performing Arts14243 Dante Ave, Dolton, IL 60419-1348IL2013-05$200
196018north Nfp6018 N Kenmore, Chicago, IL 60660IL2013-01$0
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Number of organizations performing similar types of work
District of Columbia25
North Carolina65
North Dakota9
New Hampshire17
New Jersey74
New Mexico22
New York267
Rhode Island14
South Carolina19
South Dakota5
West Virginia7
Total2,818 is not associated with, endorsed by, or sponsored by Praize Productions Inc and has no official or unofficial affiliation with Praize Productions Inc