Civic Intelligence

Project Prakash Foundation Inc

990EZ • Fiscal year 2017 • EIN 27-1164796

Jan 01, 2017 to Dec 31, 2017 • Filed on May 24, 2018

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.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

82nd percentile

0.10x

Higher debt load relative to revenue than 82% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

59th percentile

7.5%

Higher net margin than 59% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

89th percentile

$38,040

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 25.4% of source-year revenue.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

51st percentile

2.6%

Faster asset growth than 51% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

97th percentile

241%

Faster revenue growth than 97% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Up

$407,954

Up $10,455 (+2.6%) from 2016

Net Assets

Up

$392,816

Up $11,267 (+3.0%) from 2016

Liabilities

Down

$15,138

Down $812 (-5.1%) from 2016

Revenue

Up

$149,764

Up $105,817 (+241%) from 2016

Expenses

Up

$138,497

Up $28,352 (+26%) from 2016

Net Income

Up

$11,267

Up $77,465 (+117%) from 2016

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 2017: $407,954Liabilities 2017: $15,138Net Assets 2017: $392,8162017Assets 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

2017

Assets$407,954
Liabilities$15,138
Net Assets$392,816

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 2017: $149,764Expenses 2017: $138,497Net Income 2017: $11,2672017Revenue 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

2017

Revenue$149,764
Expenses$138,497
Net Income$11,267
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 24, 2018
Return Version
2017v2.3
Gross Receipts
$149,764
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.$78,001$94,411
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.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
SHEILA B LALWANIExecutive DiFT$31,817$6,223$38,040
PAWAN SINHAPresident-$0--
PAMELA LIPSONDirector, Cl-$0--
AMY CHUDirector, Tr-$0--
SANJOY MITTERDirector-$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
2018-05-24
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

Name: dr schroff's charity eye hospital address: 5027 kedarnath rd; new delhi cash contribution: 78,001

Form 990-ez, Part I, Line 16

Expenses advertising 7,500 office exps & filing fees 54 books, subscriptions, etc. 1,031 bank fees 198 network for good fees 321 supplies 1,196 telephone 7 travel, meals, etc. 2,023 insurance 854 total 13,184

Form 990-ez, Part II, Line 24

Miscellaneous receivable 2,467 0 total 2,467 0

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 15,138 accrued 401(k) matching contrib. 15,950 0

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/MethodOfAccountingAccrualInd0X
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt06223
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0PAWAN SINHA
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1PAMELA LIPSON
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2AMY CHU
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4LAURA FLUG
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm5SHEILA B LALWANI
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0PRESIDENT
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1DIRECTOR, CL
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4DIRECTOR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt5EXECUTIVE DI
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt02467
IRS990EZ/OtherExpensesTotalAmt013184
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0PROJECT PRAKASH PROVIDES SURGERIES TO CHILDREN WITH CURABLE BLINDNESS
IRS990EZ/PrintingPublicationsPostageAmt02155
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0OUR 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.
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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IRS990EZ/TanningServicesProvidedInd0false
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IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.PROJECTPRAKASH.ORG
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0149756
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt043936
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt010370
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IRS990ScheduleA/TotalSupportAmt0469969
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0NAME: DR SCHROFF'S CHARITY EYE HOSPITAL ADDRESS: 5027 KEDARNATH RD; NEW DELHI CASH CONTRIBUTION: 78,001
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 7,500 OFFICE EXPS & FILING FEES 54 BOOKS, SUBSCRIPTIONS, ETC. 1,031 BANK FEES 198 NETWORK FOR GOOD FEES 321 SUPPLIES 1,196 TELEPHONE 7 TRAVEL, MEALS, ETC. 2,023 INSURANCE 854 TOTAL 13,184
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MISCELLANEOUS RECEIVABLE 2,467 0 TOTAL 2,467 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 15,138 ACCRUED 401(K) MATCHING CONTRIB. 15,950 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 10
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ReturnHeader/BuildTS02018-06-14 16:35:46Z
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ReturnHeader/Filer/EIN0271164796
ReturnHeader/Filer/PhoneNum06172531434
ReturnHeader/Filer/USAddress/AddressLine1Txt0955 MASSACHUSETTS AVE RM/STE 351
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ReturnHeader/PreparerPersonGrp/PhoneNum07813053534
ReturnHeader/PreparerPersonGrp/PreparationDt02018-06-20
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ReturnHeader/ReturnTs02018-06-25T11:43:56-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02017-01-01
ReturnHeader/TaxPeriodEndDt02017-12-31
ReturnHeader/TaxYr02017

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.89$0.00$6.89$2.67$2.02$0.66
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$7.57$0.00$7.57$1.49$0.62$0.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$6.71$0.00$6.71$1.12$0.42$0.70
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.06$0.06$6.00$1.08$0.53$0.55
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.70$0.25$5.45$1.93$0.74$1.19
2017Detailed filing. Detailed filing data is available for this year.$4.08$0.15$3.93$1.50$1.38$0.11
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.97$0.16$3.82$0.44$1.10$0.66
2015Detailed filing. Detailed filing data is available for this year.$4.48$4.48$1.31$0.78$0.52
2014Detailed filing. Detailed filing data is available for this year.$2.05$2.05$1.35$0.03$1.32
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.67$0.67$0.01$0.00$0.01
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.66$0.66$0.06$0.00$0.06
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.61$0.61$0.63$0.02$0.61