Civic Intelligence

Proximity Designs

990 • Fiscal year 2019 • EIN 26-4382215

Jul 01, 2018 to Jun 30, 2019 • Filed on Jul 14, 2020

Organization ProfileWWW.PROXIMITYDESIGNS.ORG

View Organization Page

24 Sayar San Rd Tharthana Yeik TharBahan Township YangonOc

(626) 524-3549

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

29th percentile

0.10x

Higher debt load relative to revenue than 29% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

7th percentile

-38%

Higher net margin than 7% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

43rd percentile

$155,829

Higher top officer pay than 43% of similar nonprofits.

Top officer pay equals 2.5% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

1st percentile

-51%

Faster asset growth than 1% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

4th percentile

-56%

Faster revenue growth than 4% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$18,213,748

Down $18,660,014 (-51%) from 2018

Net Assets

Down

$17,620,042

Down $1,230,680 (-6.5%) from 2018

Liabilities

Down

$593,706

Down $17,429,334 (-97%) from 2018

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin7th percentile

Revenue

Down

$6,234,232

Down $8,064,056 (-56%) from 2018

Expenses

Down

$8,599,061

Down $1,877,256 (-18%) from 2018

Net Income

Down

-$2,364,829

Down $6,186,800 (-162%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth1st percentile

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

$40M$30M$20M$10M$0Assets 2014: $10,156,301Liabilities 2014: $3,587,069Net Assets 2014: $6,569,2322014Assets 2015: $17,622,061Liabilities 2015: $4,659,506Net Assets 2015: $12,962,5552015Assets 2017: $27,907,078Liabilities 2017: $11,869,891Net Assets 2017: $16,037,1872017Assets 2018: $36,873,762Liabilities 2018: $18,023,040Net Assets 2018: $18,850,7222018Assets 2019: $18,213,748Liabilities 2019: $593,706Net Assets 2019: $17,620,0422019Assets 2020: $20,531,250Liabilities 2020: $315,913Net Assets 2020: $20,215,3372020Assets 2021: $22,877,112Liabilities 2021: $433,588Net Assets 2021: $22,443,5242021Assets 2022: $22,377,513Liabilities 2022: $264,378Net Assets 2022: $22,113,1352022Assets 2023: $21,604,776Liabilities 2023: $148,743Net Assets 2023: $21,456,0332023Assets 2024: $22,880,173Liabilities 2024: $266,521Net Assets 2024: $22,613,6522024

Highlighted filing

2019

Assets$18,213,748
Liabilities$593,706
Net Assets$17,620,042
Open 2019 Filing

Operations Trend

Revenue Growth4th percentile

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

$15M$10M$5.0M$0-$5.0MRevenue 2014: $6,604,952Expenses 2014: $7,331,278Net Income 2014: -$726,3262014Revenue 2015: $13,767,845Expenses 2015: $6,562,895Net Income 2015: $7,204,9502015Revenue 2017: $13,306,654Expenses 2017: $7,949,066Net Income 2017: $5,357,5882017Revenue 2018: $14,298,288Expenses 2018: $10,476,317Net Income 2018: $3,821,9712018Revenue 2019: $6,234,232Expenses 2019: $8,599,061Net Income 2019: -$2,364,8292019Revenue 2020: $8,501,968Expenses 2020: $6,635,916Net Income 2020: $1,866,0522020Revenue 2021: $7,664,547Expenses 2021: $5,319,550Net Income 2021: $2,344,9972021Revenue 2022: $4,495,096Expenses 2022: $4,765,155Net Income 2022: -$270,0592022Revenue 2023: $4,306,910Expenses 2023: $4,808,840Net Income 2023: -$501,9302023Revenue 2024: $7,135,171Expenses 2024: $5,562,629Net Income 2024: $1,572,5422024

Highlighted filing

2019

Revenue$6,234,232
Expenses$8,599,061
Net Income-$2,364,829
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Jul 14, 2020
Return Version
2018v3.2
Gross Receipts
$6,234,232
Mission and Program Overview

Mission

To increase income and improve the well-being of vulnerable rural families in developing myanmar (burma).

To increase income and improve the well-being of vulnerable rural families in myanmar (burma). To enable small farm families to access and control water and increase agricultural production.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$20,796,517$8,764,058▼ $12,032,459
Savings and Temporary Cash Investments$6,694,558$6,535,991▼ $158,567
Pledges and Grants Receivable$5,799,597$1,402,096▼ $4,397,501
Prepaid Expenses and Deferred Charges$381,311$490,353▲ $109,042
Land, Buildings, and Equipment, Net$344,753$344,277▼ $476
Inventories for Sale or Use$352,049$288,478▼ $63,571
Cash and Non-Interest-Bearing Accounts$2,126,733$252,957▼ $1,873,776
Accounts Receivable$317,711$95,227▼ $222,484
Intangible Assets$60,533$40,311▼ $20,222
Total Assets$36,873,762$18,213,748▼ $18,660,014
Liabilities
Mortgage Notes Payable Secured by Investment Property$16,550,409$0▼ $16,550,409
Accounts Payable and Accrued Expenses$1,120,668$593,706▼ $526,962
Deferred Revenue$351,963$0▼ $351,963
Total Liabilities$18,023,040$593,706▼ $17,429,334
Net Assets / Fund Balance
Unrestricted Net Assets$13,836,251$7,193,772▼ $6,642,479
Permanently Rstr Net Assets$1,067,902$5,237,348▲ $4,169,446
Temporarily Rstr Net Assets$3,946,569$5,188,922▲ $1,242,353
Total Net Assets Fund Balance$18,850,722$17,620,042▼ $1,230,680
Total Liabilities and Net Assets / Fund Balance$36,873,762$18,213,748▼ $18,660,014

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$186,903$296,029$482,932
Leasehold Improvements$157,374$140,216$297,590
Investment Program Related Org$22,133--
Compensation and Service Providers
Top Officer Pay43rd percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Debbie TaylorDirectorFT$114,960$40,869$155,829
James D TaylorDirector/chief Executive OfficerFT$114,960$40,869$155,829

Board Members and Trustees

NameTitle
Minos AthanassiadisChairman
Elisabeth EilersDirector
Joel EpsteinDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$2,956,551
Program Service Revenue
$3,230,958
Investment Income
$33,242
Other Revenue
$13,481
All Other Contributions
$2,158,712
Change in Net Assets
$-2,364,829

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,462,725
Revenue Not Reported on Financial Statements
$771,507
Revenue Not Reported on Form 990
$4,117,078
Total Revenue per Audited Statements
$9,579,803
Total Revenue per Form 990
$6,234,232
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,361,488
Salaries, Compensation, and Employee Benefits$4,237,573
Total Fundraising Expense$221,372
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$3,154,718$126,082$161,397$3,442,197
Interest$685,813--$685,813
Other Employee Benefits$344,462$83,002$16,707$444,171
Travel$373,617$15,666$7,679$396,962
Occupancy$92,009$276,413-$368,422
Conferences and Meetings$286,095$23,849$24,101$334,045
Current Officers, Directors, Trustees, and Key Employees$49,816$240,242-$290,058
Office Expenses$178,215$47,583$828$226,626
All Other Expenses$227,838$-87,274$355$140,919
Other Expenses$119,455$32,173$154$119,455
Fees for Services Accounting$72,678--$72,678
Fees for Services Legal$56,333$837-$57,170
Payroll Taxes$17,284$16,416$5,847$39,547
Advertising$22,679$285-$22,964
Information Technology$21,116$715-$21,831
Pension Plan Contributions$4,860$16,740-$21,600
Fees for Services Management$16,774--$16,774
Total Functional Expenses$7,466,636$911,053$221,372$8,599,061

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,170,919
Expenses per Audited Statements$8,599,061
Total Expenses per Form 990$8,599,061
Expenses Not Reported on Form 990$3,571,858
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
1
Employees
914
Spending
$17,340,986

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
Yes
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
Yes

International Activities

RegionActivityServicesOfficesEmployeesSpending
East Asia and PacificProgram ServicesSupport Rural Families1914$17,340,986
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“James d. Taylor and debbie taylor are married to each other.”

Form 990, Part VI, Section B, Line 11B

“Before filing, the organization's treasurer reviews form 990. After all edits/changes by treasurer are made, a copy of form 990 is sent to all individuals serving on the board of directors.”

Form 990, Part VI, Section B, Line 12C

“Annually, the organization circulates statements concerning possible conflicts of interest to be completed by all individuals serving on the board of directors. Once completed, the statements are reviewed and possible conflicts, if any, are addressed to ensure adherence to the organization's conflict of interest policy.”

Form 990, Part VI, Section B, Line 15

“In determining compensation for proximity's co-founders, the board collected data on the compensation practices of nine similar non-profit organizations for their top positions, and determined and approved a reasonable compensation rate.”

Form 990, Part VI, Section C, Line 19

“Governing documents, conflict of interest policy, and financial statements are available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Proximity Designs
EIN
26-4382215
Phone
6265243549
Address
OC

Signing Officer

Name
Ravi Kumar
Title
Director
Phone
6265243549
Signed
2020-07-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ravi Kumar
Formed
2009
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
3
Employees
14
Volunteers
0

Preparer

Firm
Temo Arjani Llp
Address
301 E COLORADO BLVD SUITE 426, PASADENA, CA 91101
Preparer
William H Hranchak
Phone
6265781978
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Unrealized change in value of operating currency 1,134,149.”

FORM 990, PART XII, LINE 2C:

“No changes were made to the review process since last report during this fiscal year.”

Financial Statement Notes

PART X, LINE 2:

“In accordance with fasb asc 740, uncertainty in income taxes, proximity designs recognizes the impact of positions in the financial statements if that position is more likely than not to be sustained on audit, based on the technical merits of the position. The organization is subject to us federal and california state tax jurisdictions. Proximity designs has evaluated its tax positions for the open tax years of june 30, 2012 through june 30, 2019 for federal tax purposes and june 30, 2012 through june 30, 2019 for california tax purposes. As of june 30, 2019 and for the year then ended, proximity has determined that there are no material uncertain tax positions that require recognition or disclosure in the financial statements or which may have an effect on its tax exempt status nor is a material change to uncertain tax positions anticipated during the 12 months following june 30, 2019.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Proximity finance microfinance expense 3,566,229. Proximity holding pte ltd 5,629.”

Raw XML AppendixShowing 400 of 601 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt132173
IRS990/OtherExpensesGrp/ProgramServicesAmt0797557
IRS990/OtherExpensesGrp/ProgramServicesAmt1771507
IRS990/OtherExpensesGrp/ProgramServicesAmt2173810
IRS990/OtherExpensesGrp/ProgramServicesAmt3119455
IRS990/OtherExpensesGrp/TotalAmt0920185
IRS990/OtherExpensesGrp/TotalAmt1771507
IRS990/OtherExpensesGrp/TotalAmt2206137
IRS990/OtherExpensesGrp/TotalAmt3119455
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt013481
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt013481
IRS990/OtherRevenueTotalAmt013481
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0161397
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0126082
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt03154718
IRS990/OtherSalariesAndWagesGrp/TotalAmt03442197
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05847
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt016416
IRS990/PayrollTaxesGrp/ProgramServicesAmt017284
IRS990/PayrollTaxesGrp/TotalAmt039547
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt016740
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt04860
IRS990/PensionPlanContributionsGrp/TotalAmt021600
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01067902
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt05237348
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt05799597
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01402096
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0381311
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0490353
IRS990/PrincipalOfficerNm0RAVI KUMAR
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0522291
IRS990/ProgramServiceRevenueGrp/BusinessCd1423000
IRS990/ProgramServiceRevenueGrp/Desc0PRODUCT LOAN FEES INC
IRS990/ProgramServiceRevenueGrp/Desc1PRODUCT SALES INC
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02476134
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1754824
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02476134
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1754824
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt08009679
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0134904
IRS990/PYOtherExpensesAmt05798565
IRS990/PYOtherRevenueAmt024886
IRS990/PYProgramServiceRevenueAmt06128819
IRS990/PYRevenuesLessExpensesAmt03821971
IRS990/PYSalariesCompEmpBnftPaidAmt04677752
IRS990/PYTotalExpensesAmt010476317
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt014298288
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-2364829
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt03230958
IRS990/SavingsAndTempCashInvstGrp/BOYAmt06694558
IRS990/SavingsAndTempCashInvstGrp/EOYAmt06535991
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt02956551
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt07345624
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt08706200
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03484128
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt010930049
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt033422552
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt033242
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0134904
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt017626
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt044754
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt026181
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0256707
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt019537886
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.77330
IRS990ScheduleA/PublicSupportPY170Pct00.76850
IRS990ScheduleA/PublicSupportTotal170Amt026042603
IRS990ScheduleA/SubstantialContributorsTotAmt07379949
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt02956551
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt07345624
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt08706200
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03484128
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010930049
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt033422552
IRS990ScheduleA/TotalSupportAmt033679259
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt0186903
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0296029
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0482932
IRS990ScheduleD/ExpensesNotReportedAmt03571858
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt08599061
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0771507
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt08615071
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt1724
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt2126130
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt322133
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0PROXIMITY FINANCE MICROFINANCE COMPANY LIMITED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1PROXIMITY HOLDING SINGAPORE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2TUN YAT COMPANY LIMITED
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3NET RECEIVABLE FROM IRRIGATION PRODUCTS CUSTOMERS
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0157374
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt0140216
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0297590
IRS990ScheduleD/NetUnrealizedGainsInvstAmt04117078
IRS990ScheduleD/OtherExpensesIncludedAmt03571858
IRS990ScheduleD/RevenueNotReportedAmt04117078
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0771507
IRS990ScheduleD/RevenueSubtotalAmt05462725
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN ACCORDANCE WITH FASB ASC 740, UNCERTAINTY IN INCOME TAXES, PROXIMITY DESIGNS RECOGNIZES THE IMPACT OF POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT TO BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE ORGANIZATION IS SUBJECT TO US FEDERAL AND CALIFORNIA STATE TAX JURISDICTIONS. PROXIMITY DESIGNS HAS EVALUATED ITS TAX POSITIONS FOR THE OPEN TAX YEARS OF JUNE 30, 2012 THROUGH JUNE 30, 2019 FOR FEDERAL TAX PURPOSES AND JUNE 30, 2012 THROUGH JUNE 30, 2019 FOR CALIFORNIA TAX PURPOSES. AS OF JUNE 30, 2019 AND FOR THE YEAR THEN ENDED, PROXIMITY HAS DETERMINED THAT THERE ARE NO MATERIAL UNCERTAIN TAX POSITIONS THAT REQUIRE RECOGNITION OR DISCLOSURE IN THE FINANCIAL STATEMENTS OR WHICH MAY HAVE AN EFFECT ON ITS TAX EXEMPT STATUS NOR IS A MATERIAL CHANGE TO UNCERTAIN TAX POSITIONS ANTICIPATED DURING THE 12 MONTHS FOLLOWING JUNE 30, 2019.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1PROXIMITY FINANCE MICROFINANCE EXPENSE 3,566,229. PROXIMITY HOLDING PTE LTD 5,629.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0344277
IRS990ScheduleD/TotalBookValueProgramRltdAmt08764058
IRS990ScheduleD/TotalExpensesPerForm990Amt08599061
IRS990ScheduleD/TotalRevenuePerForm990Amt06234232
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt09579803
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012170919
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt0914
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt01
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt017340986
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0EAST ASIA AND PACIFIC
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0SUPPORT RURAL FAMILIES
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0PROGRAM SERVICES
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd01
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt0914
IRS990ScheduleF/SubtotalOfficesCnt01
IRS990ScheduleF/SubtotalSpentAmt017340986
IRS990ScheduleF/TotalEmployeeCnt0914
IRS990ScheduleF/TotalOfficeCnt01
IRS990ScheduleF/TotalSpentAmt017340986
IRS990ScheduleF/TransferToForeignCorpInd01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/Form990OfOtherOrganizationsInd0X
IRS990ScheduleJ/HousingAllowanceOrResidenceInd0X
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt0114960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt1114960
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt10
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,213,748
Liabilities
$593,706
Net assets
$17,620,042
Revenue
$6,234,232
Expenses
$8,599,061
Net income
-$2,364,829
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$22.9$0.27$22.6$7.14$5.56$1.57
2023Detailed filing. Detailed filing data is available for this year.$21.6$0.15$21.5$4.31$4.81$0.50
2022Detailed filing. Detailed filing data is available for this year.$22.4$0.26$22.1$4.50$4.77$0.27
2021Detailed filing. Detailed filing data is available for this year.$22.9$0.43$22.4$7.66$5.32$2.34
2020Detailed filing. Detailed filing data is available for this year.$20.5$0.32$20.2$8.50$6.64$1.87
2019Detailed filing. Detailed filing data is available for this year.$18.2$0.59$17.6$6.23$8.60$2.36
2018Detailed filing. Detailed filing data is available for this year.$36.9$18.0$18.9$14.3$10.5$3.82
2017Detailed filing. Detailed filing data is available for this year.$27.9$11.9$16.0$13.3$7.95$5.36
2015Detailed filing. Detailed filing data is available for this year.$17.6$4.66$13.0$13.8$6.56$7.20
2014Detailed filing. Detailed filing data is available for this year.$10.2$3.59$6.57$6.60$7.33$0.73