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Praize Productions Inc

EIN 27-3321845 · Chicago, IL

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthStrong93 out of 100GovernanceWeak47 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

THE MISSION OF PRAIZE PRODUCTIONS INC,NFP IS TO PROVIDE ARTS EDUCATION AND OPPORTUNITIES TO YOUTH AND ADULTS THROuGH A HOLISTIC APPROACH THAT ALLOWS PARTICIPANTS TO EXCEL IN THE ARTS AND IN THEIR EVERYDAY LIVES.

Income
$419,296
Spending
$354,096
Spent on programs
80%
Reserves
11.8 months of spending
Largest source of income
donations and private grants, 58%
Employees
2
Volunteers
3
Highest pay
$80,638, board chair

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Strong: 93 out of 100. Higher than 78% of charities in its peer group (arts and culture, $250k to $1m).

  • Reserves

    28 of 35

    Spendable reserves would cover 11.8 months of spending.

  • Debt

    20 of 20

    It owes 1% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 16% of income.

  • Income trend

    15 of 15

    Income rose 11% on the year before.

  • Spending floor

    15 of 15

    80% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Weak: 47 out of 100. Higher than 14% of charities in its peer group (arts and culture, $250k to $1m).

  • Independent board

    5 of 25

    2 of 8 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    0 of 8

    Reports no written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    0 of 10

    Did not give the board a copy of this return before filing it.

  • Pay set independently

    0 of 5

    Reports no independent review process for its chief executive's pay.

  • Independent check of accounts

    12 of 15

    Its accounts were reviewed or compiled by an independent accountant, but not audited.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (3)
  1. $99,074 spent. BLACK LOVE REIGNS SUPREME THIS WAS THE ORGANIZATION'S AWARD WINNING THEATRICAL PRODUCTION PERFORMED ON MAY 3RD AND 4TH 2024 AT THE REVA & DAVID LOGAN CENTER FOR THE ARTS. THE PRODUCTION SHOWCASED DANCE, MUSIC, SPOKEN WORD, AND VISUAL ARTS, IN AN INTIMATE ADAPTATION OF ALL THAT BLACK LOVE ENCOMPASSES. IT ENCOURAGED THE AUDIENCE TO EXPLORE LOVE IN ALL OF ITS DEFINITIONS, COMPILATIONS AND COMPLEXITIES WITHIN THE BLACK COMMUNITY. APPROXIMATELY 800 PEOPLE WERE IN ATTENDANCE OVER THE TWO PERFORMANCE NIGHTS.
  2. $127,381 spent. PRAIZE PRODUCTION PERFORMING ARTS ACADEMY OUR ACADEMY OFFERS A UNIQUE AND HOLISTIC APPROACH TO ARTISTRY THAT FOCUSES ON THE STUDENT AS BOTH AN ARTIST AND PERSON. COMMITTED TO PROVIDING HIGH QUALITY ARTS EDUCATION THAT HELPS CULTIVATE WELL-ROUNDED, RESPONSIBLE, AND COMPASSIONATE INDIVIDUALS. THE PROGRAMMING IS CENTERED AROUND BUILDING FAMILIES AND COMMUNITIES THAT POSITIVELY REFLECT AND IMPACT YOUNG PEOPLE. THE ACADEMY RUNS SEPTEMBER THROUGH JUNE WITH A SUMMER CAMP IN JULY. WE OFFER TEN CLASSES WEEKLY TO YOUTH AGES 3-18. SOME OF THOSE CLASSES ARE TUMBLING, BALLET, JAZZ, HIP-HOP, AND MUCH MORE. WE ALSO TAKE OUR STUDENTS ON FIELD EXPERIENCES TO GAIN OUTSIDE EXPOSURE AS WELL AS HOST REGULAR PARENT MEETINGS AND HAVE DANCE REPORT CARDS TO DISCUSS THE STUDENTS' PROGRESS THROUGHOUT THE YEAR. OVER 25 STUDENTS WERE ENROLLED.
  3. $36,613 spent. RIZE PRO-ELITE PROFESSIONAL COMPANY RIZE PRO-ELITE IS PPI'S AWARD-WINNING PROFESSIONAL DANCE COMPANY; COMPRISED OF ALL WOMEN OF COLOR. THE COMPANY USES MOVEMENT STYLES FROM THE AFRICAN DIASPORA AND STORYTELLING TO AMPLIFY THE VOICES AND NARRATIVE OF THE BLACK EXPERIENCE. THIS SISTERHOOD OF ARTIST CREATES A SAFE SPACE FOR ARTISTIC GROWTH, ENLIGHTENMENT, AND PERSONAL EVOLUTION FOR ITS SISTER MEMBERS. RIZE GALVANIZES THE NEXT GENERATION OF BLACK WOMEN LEADERS BY PROVIDING RESOURCES, PROFESSIONAL DEVELOPMENT AND ADDITIONAL OPPORTUNITIES OF SUPPORT TO ITS DANCERS THROUGHOUT THE YEAR. PPI ALSO PROVIDES NANNY SERVICES DURING REHEARSALS AND PERFORMANCES FOR ITS DANCERS WHO ARE MOTHERS, SO THEY DO NOT HAVE TO CHOOSE BETWEEN MOTHERHOOD AND FOLLOWING THEIR PASSION IN THE ARTS. NINE DANCERS AND FOUR DIRECTORS ARE SUPPORTED.

Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending December 2024.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since June 2013.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.