Civic Intelligence

Project Prakash Foundation Inc

990EZ • Fiscal year 2016 • EIN 27-1164796

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 22, 2017

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

71st percentile

0.04x

Higher debt load relative to assets than 71% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

91st percentile

0.36x

Higher debt load relative to revenue than 91% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

4th percentile

-151%

Higher net margin than 4% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

96th percentile

$71,684

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 163.1% of source-year revenue.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

28th percentile

-11%

Faster asset growth than 28% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

6th percentile

-66%

Faster revenue growth than 6% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Down

$397,499

Down $50,248 (-11%) from 2015

Net Assets

Down

$381,549

Down $66,198 (-15%) from 2015

Liabilities

$15,950

No earlier filing loaded for comparison.

Revenue

Down

$43,947

Down $86,907 (-66%) from 2015

Expenses

Up

$110,145

Up $31,651 (+40%) from 2015

Net Income

Down

-$66,198

Down $118,558 (-226%) from 2015

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

2016

Assets$397,499
Liabilities$15,950
Net Assets$381,549

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

2016

Revenue$43,947
Expenses$110,145
Net Income-$66,198
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 22, 2017
Return Version
2016v3.0
Gross Receipts
$43,947
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.$21,214$47,362
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.-$367
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHEILA B LALWANIExecutive DiFT$42,866$28,818$71,684
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
2017-08-22
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 8

Miscellaneous revenue 4 total 4

Form 990-ez, Part I, Line 10

Dr schroff's charity eye hospital 5027 kedarnath rd; new delhi . 21,214 0 0

Form 990-ez, Part I, Line 16

Expenses advertising 247 office exps & filing fees 289 books, subscriptions, etc. 834 bank fees 84 travel, meals, etc. 5,451 insurance 903 total 7,808

Form 990-ez, Part II, Line 24

Pledges receivable 96,852 0 miscellaneous receivable 0 2,467 total 96,852 2,467

Form 990-ez, Part II, Line 26

Accrued 401(k) matching contrib. 0 15,950

Raw XML Appendix165 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/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/ExplanationTxt0MISCELLANEOUS REVENUE 4 TOTAL 4
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1DR SCHROFF'S CHARITY EYE HOSPITAL 5027 KEDARNATH RD; NEW DELHI . 21,214 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2EXPENSES ADVERTISING 247 OFFICE EXPS & FILING FEES 289 BOOKS, SUBSCRIPTIONS, ETC. 834 BANK FEES 84 TRAVEL, MEALS, ETC. 5,451 INSURANCE 903 TOTAL 7,808
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PLEDGES RECEIVABLE 96,852 0 MISCELLANEOUS RECEIVABLE 0 2,467 TOTAL 96,852 2,467
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCRUED 401(K) MATCHING CONTRIB. 0 15,950
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
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ReturnHeader/ReturnTs02017-11-10T12:48:40-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

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