Civic Intelligence

Project Prakash Foundation Inc

990EZ • Fiscal year 2015 • EIN 27-1164796

Jan 01, 2015 to Dec 31, 2015 • Filed on Jul 26, 2016

955 Massachusetts Ave Rm/Ste 351Cambridge, MA 02139

(617) 253-1434

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2015

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2015

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Top Officer Pay

92nd percentile

$49,271

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 37.7% of source-year revenue.

2015 filings • 501(c)3 • <$500k nonprofits • Source year 2015

Asset Growth

92nd percentile

119%

Faster asset growth than 92% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Revenue Growth

43rd percentile

-3.1%

Faster revenue growth than 43% of similar nonprofits.

2015 filings • 501(c)3 • <$500k nonprofits • Annualized from 2014 to 2015

Assets

Up

$447,747

Up $243,016 (+119%) from 2014

Net Assets

Up

$447,747

Up $243,016 (+119%) from 2014

Liabilities

-

No earlier filing loaded for comparison.

Revenue

Down

$130,854

Down $4,170 (-3.1%) from 2014

Expenses

Up

$78,494

Up $75,404 (+2440%) from 2014

Net Income

Down

$52,360

Down $79,574 (-60%) from 2014

Historical Trend

Balance Sheet Trend

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

$800K$600K$400K$200K$0Assets 2010: $60,569Net Assets 2010: $60,5692010Assets 2011: $66,358Net Assets 2011: $66,3582011Assets 2012: $67,040Net Assets 2012: $67,0402012Assets 2014: $204,731Net Assets 2014: $204,7312014Assets 2015: $447,747Net Assets 2015: $447,7472015Assets 2016: $397,499Liabilities 2016: $15,950Net Assets 2016: $381,5492016Assets 2019: $569,882Liabilities 2019: $24,757Net Assets 2019: $545,1252019Assets 2020: $606,310Liabilities 2020: $6,055Net Assets 2020: $600,2552020Assets 2021: $670,576Liabilities 2021: $0Net Assets 2021: $670,5762021Assets 2022: $757,409Liabilities 2022: $0Net Assets 2022: $757,4092022Assets 2024: $689,390Liabilities 2024: $0Net Assets 2024: $689,3902024

Highlighted filing

2015

Assets$447,747
Liabilities-
Net Assets$447,747

Operations Trend

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

$300K$200K$100K$0-$100KRevenue 2010: $62,569Expenses 2010: $2,000Net Income 2010: $60,5692010Revenue 2011: $5,801Expenses 2011: $12Net Income 2011: $5,7892011Revenue 2012: $1,038Expenses 2012: $356Net Income 2012: $6822012Revenue 2014: $135,024Expenses 2014: $3,090Net Income 2014: $131,9342014Revenue 2015: $130,854Expenses 2015: $78,494Net Income 2015: $52,3602015Revenue 2016: $43,947Expenses 2016: $110,145Net Income 2016: -$66,1982016Revenue 2019: $192,916Expenses 2019: $74,405Net Income 2019: $118,5112019Revenue 2020: $108,125Expenses 2020: $52,995Net Income 2020: $55,1302020Revenue 2021: $111,936Expenses 2021: $41,615Net Income 2021: $70,3212021Revenue 2022: $148,635Expenses 2022: $61,802Net Income 2022: $86,8332022Revenue 2024: $267,302Expenses 2024: $201,746Net Income 2024: $65,5562024

Highlighted filing

2015

Revenue$130,854
Expenses$78,494
Net Income$52,360
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Jul 26, 2016
Return Version
2015v2.1
Gross Receipts
$130,854
Mission and Program Overview

Mission

Project prakash provides surgeries to children with curable blindness

Program Services

DescriptionGrantsExpenses
OUR GOALS ARE TO A) PROVIDING TREATMENT TO CURABLY BLIND CHILDREN, B) HELPING THEM GAIN AN EDUCATION, AND C) CONDUCTING SCIENTIFIC RESEARCH TO DISCOVER BETTER TREATMENTS AND REHABILITATION PROCEDURES.$13,832$23,238
UNRULY ART - PROJECT PRAKASH, THROUGH RESEARCH AND ART, WORKS WITH CHILDREN WHO HAVE GAINED SIGHT AFTER A LIFETIME OF BLINDNESS TO OBTAIN DATA ON HOW THE BRAIN IMMEDIATELY STARTS LEARNING.-$1,644
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHEILA B LALWANIExecutive DiFT$49,271-$49,271
PAWAN SINHAPresident-$0--
PAMELA LIPSONDirector, Cl-$0--
AMY CHUDirector, Tr-$0--
RICHARD HELDDirector-$0--
LAURA FLUGDirector-$0--
Filing and Contact Details

Filer

Filer Name
Project Prakash Foundation Inc
EIN
27-1164796
Phone
6172531434
Address
955 MASSACHUSETTS AVE RM/STE 351, CAMBRIDGE, MA 02139

Signing Officer

Name
Pawan Sinha
Title
President
Signed
2016-07-26
Discuss with paid preparer
Yes

Preparer

Firm
Worthington Hughes & Hoar Pc
Address
400 W CUMMINGS PARK STE 3000, WOBURN, MA 01801-6592
Preparer
Stephen J Hoar
Phone
7813053534
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 10

Dr schroff's charity eye hospital 5027 kedarnath rd; new delhi . 13,832 0 0

Form 990-ez, Part I, Line 16

Expenses office expense 1,541 filing fees 19 network for good fees 96 subscriptions, etc. 295 payroll fees 1,394 business registration fees 353 travel, meals, etc. 1,623 insurance 237 total 5,558

Form 990-ez, Part I, Line 20

Prior period adjustments 190,656 on january 1, 2015, the organization changed its overall accounting method from "cash basis" to "accrual basis." under the accrual basis method of accounting, gross support and revenues are reported in the year earned, and expenses are reported in the year incurred, without regard to the date of receipt or disbursement of cash. The organization received a multi-year pledge receivable in 2014, the present value of which was properly excluded from the form 990-ez for 2014 under the cash basis method of accounting. In accordance with the accrual basis method of accounting, the pledge receivable is reflected in the balance sheet as of december 31, 2015, with a corresponding prior period adjustment to net assets of 190,656, reflecting the discounted present value of the remaining pledge payments as of december 31, 2014.

Form 990-ez, Part II, Line 24

Pledges receivable 0 96,852 total 0 96,852

Raw XML Appendix157 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.

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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PAWAN SINHA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PAMELA LIPSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2AMY CHU
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR, CL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2DIRECTOR, TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
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IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt096852
IRS990EZ/OtherChangesInNetAssetsAmt0190656
IRS990EZ/OtherExpensesTotalAmt05558
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROJECT PRAKASH PROVIDES SURGERIES TO CHILDREN WITH CURABLE BLINDNESS
IRS990EZ/PrintingPublicationsPostageAmt03930
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IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1UNRULY ART - PROJECT PRAKASH, THROUGH RESEARCH AND ART, WORKS WITH CHILDREN WHO HAVE GAINED SIGHT AFTER A LIFETIME OF BLINDNESS TO OBTAIN DATA ON HOW THE BRAIN IMMEDIATELY STARTS LEARNING.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0DR SCHROFF'S CHARITY EYE HOSPITAL 5027 KEDARNATH RD; NEW DELHI . 13,832 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES OFFICE EXPENSE 1,541 FILING FEES 19 NETWORK FOR GOOD FEES 96 SUBSCRIPTIONS, ETC. 295 PAYROLL FEES 1,394 BUSINESS REGISTRATION FEES 353 TRAVEL, MEALS, ETC. 1,623 INSURANCE 237 TOTAL 5,558
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR PERIOD ADJUSTMENTS 190,656 ON JANUARY 1, 2015, THE ORGANIZATION CHANGED ITS OVERALL ACCOUNTING METHOD FROM "CASH BASIS" TO "ACCRUAL BASIS." UNDER THE ACCRUAL BASIS METHOD OF ACCOUNTING, GROSS SUPPORT AND REVENUES ARE REPORTED IN THE YEAR EARNED, AND EXPENSES ARE REPORTED IN THE YEAR INCURRED, WITHOUT REGARD TO THE DATE OF RECEIPT OR DISBURSEMENT OF CASH. THE ORGANIZATION RECEIVED A MULTI-YEAR PLEDGE RECEIVABLE IN 2014, THE PRESENT VALUE OF WHICH WAS PROPERLY EXCLUDED FROM THE FORM 990-EZ FOR 2014 UNDER THE CASH BASIS METHOD OF ACCOUNTING. IN ACCORDANCE WITH THE ACCRUAL BASIS METHOD OF ACCOUNTING, THE PLEDGE RECEIVABLE IS REFLECTED IN THE BALANCE SHEET AS OF DECEMBER 31, 2015, WITH A CORRESPONDING PRIOR PERIOD ADJUSTMENT TO NET ASSETS OF 190,656, REFLECTING THE DISCOUNTED PRESENT VALUE OF THE REMAINING PLEDGE PAYMENTS AS OF DECEMBER 31, 2014.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PLEDGES RECEIVABLE 0 96,852 TOTAL 0 96,852
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0PAWAN SINHA
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/SignatureDt02016-07-26
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PROJECT PRAKASH FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0PROJ
ReturnHeader/Filer/EIN0271164796
ReturnHeader/Filer/PhoneNum06172531434
ReturnHeader/Filer/USAddress/AddressLine1Txt0955 MASSACHUSETTS AVE RM/STE 351
ReturnHeader/Filer/USAddress/CityNm0CAMBRIDGE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd002139
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0472399509
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0WORTHINGTON HUGHES & HOAR PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0400 W CUMMINGS PARK STE 3000
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WOBURN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0018016592
ReturnHeader/PreparerPersonGrp/PhoneNum07813053534
ReturnHeader/PreparerPersonGrp/PreparationDt02016-09-23
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0STEPHEN J HOAR
ReturnHeader/ReturnTs02016-10-21T15:35:10-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02015-01-01
ReturnHeader/TaxPeriodEndDt02015-12-31
ReturnHeader/TaxYr02015

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