THE PRODIGY PROJECT

EIN: 463642012 501(c)(3) Youth Development

SEATTLE, WA

Total Revenue
$295,991
Total Expenses
$225,442
Total Assets
$293,569
Net Assets
$230,628
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
WA
Principal Officer
RICHARD STEVENSON
Phone
2065425005
Tax Period
2024-01-01 to 2024-12-31

THE PRODIGY PROJECT, founded in 2013, is a small nonprofit in the Youth Development sector that reported $296K in total revenue in fiscal year 2024. Revenue surged 50% from the prior year, signaling strong growth momentum. The organization ran a surplus of $71K, a strong 24% operating margin.

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $215,922
Program Service Revenue $87,765
Investment Income $0
Other Revenue $-7,696
TOTAL REVENUE $295,991

Expense Breakdown

Grants Paid $0
Salaries & Benefits $52,954
Fundraising Expenses $8,000
Program Expenses $100,216
Other Expenses $164,488
TOTAL EXPENSES $225,442

Year-over-Year Comparison

2024 2023 Change
Revenue $295,991 $197,243 +0.5%
Expenses $225,442 $139,635 +0.6%
Net Income $70,549 $57,608 +0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
6
Independent Members
2
Employees
N/A
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$52,954
Total Directors
6
$52,954
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
MAXIMILIAN LOSEE VICE PRESIDE 11.00
Officer Director
$26,604 $0 $26,604
RICHARD STEVENSON PRESIDENT 11.00
Officer Director
$18,000 $0 $18,000
HAILEY MOTSENBOCKER SECRETARY 4.00
Officer Director
$6,500 $0 $6,500
TERI BOWDLE TREASURER 1.00
Officer Director
$1,850 $0 $1,850
BRUCE HOSFORD BOARD MEMBER 0.25
Director
$0 $0 $0
NED HOSFORD BOARD MEMBER 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $295,991 $225,442 $293,569 $70,549
2023 $197,243 $139,635 $223,536 $57,608
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