Civic Intelligence

Precious Project Inc

EIN 47-1281673 • 501(c)3 • Lincoln, MA

Profile

Our mission is to nurture, educate and empower impoverished youth in tanzania to be productive members and the future leaders of their country.

1 Oak Meadow RoadLincoln, MA 01773

www.preciousproject.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

34th percentile

0.01x

Higher debt load relative to assets than 34% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

28th percentile

0.01x

Higher debt load relative to revenue than 28% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

61st percentile

11%

Higher net margin than 61% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

13th percentile

-12%

Faster asset growth than 13% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Revenue Growth

58th percentile

12%

Faster revenue growth than 58% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2024

Balance Sheet
Liabilities / Assets34th percentile

Assets

Up

$997,829

Up $147,106 (+17%) from 2023

Liabilities

Down

$13,455

Down $116 (-0.9%) from 2023

Net Assets

Up

$984,374

Up $147,222 (+18%) from 2023

Operations
Liabilities / Revenue28th percentileNet Margin61st percentile

Revenue

Up

$1,391,710

Up $821,934 (+144%) from 2023

Expenses

Up

$1,244,488

Up $219,544 (+21%) from 2023

Net Income

Up

$147,222

Up $602,390 (+132%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth13th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2014: $91,013Liabilities 2014: $02014Assets 2015: $127,739Liabilities 2015: $0Net Assets 2015: $127,7392015Assets 2016: $531,705Liabilities 2016: $7,355Net Assets 2016: $524,3502016Assets 2017: $641,200Liabilities 2017: $0Net Assets 2017: $641,2002017Assets 2018: $955,736Liabilities 2018: $1,177Net Assets 2018: $954,5592018Assets 2019: $1,297,695Liabilities 2019: $1,292Net Assets 2019: $1,296,4032019Assets 2020: $1,445,891Liabilities 2020: $11,120Net Assets 2020: $1,434,7712020Assets 2021: $1,048,612Liabilities 2021: $9,513Net Assets 2021: $1,039,0992021Assets 2022: $1,303,082Liabilities 2022: $10,762Net Assets 2022: $1,292,3202022Assets 2023: $850,723Liabilities 2023: $13,571Net Assets 2023: $837,1522023Assets 2024: $997,829Liabilities 2024: $13,455Net Assets 2024: $984,3742024

Highlighted filing

2024

Assets$997,829
Liabilities$13,455
Net Assets$984,374
Open 2024 Filing

Operations Trend

Revenue Growth58th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$2.0M$1.0M$0-$1.0MRevenue 2014: $91,086Expenses 2014: $73Net Income 2014: $91,0132014Revenue 2015: $359,331Expenses 2015: $322,605Net Income 2015: $36,7262015Revenue 2016: $637,205Expenses 2016: $240,594Net Income 2016: $396,6112016Revenue 2017: $455,224Expenses 2017: $326,374Net Income 2017: $128,8502017Revenue 2018: $802,460Expenses 2018: $489,101Net Income 2018: $313,3592018Revenue 2019: $1,102,737Expenses 2019: $678,393Net Income 2019: $424,3442019Revenue 2020: $1,360,577Expenses 2020: $1,222,209Net Income 2020: $138,3682020Revenue 2021: $1,212,257Expenses 2021: $1,607,929Net Income 2021: -$395,6722021Revenue 2022: $1,115,904Expenses 2022: $862,683Net Income 2022: $253,2212022Revenue 2023: $569,776Expenses 2023: $1,024,944Net Income 2023: -$455,1682023Revenue 2024: $1,391,710Expenses 2024: $1,244,488Net Income 2024: $147,2222024

Highlighted filing

2024

Revenue$1,391,710
Expenses$1,244,488
Net Income$147,222
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$997,829
Liabilities
$13,455
Net assets
$984,374
Revenue
$1,391,710
Expenses
$1,244,488
Net income
$147,222
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.00$0.01$0.98$1.39$1.24$0.15
2023Detailed filing. Detailed filing data is available for this year.$0.85$0.01$0.84$0.57$1.02$0.46
2022Detailed filing. Detailed filing data is available for this year.$1.30$0.01$1.29$1.12$0.86$0.25
2021Detailed filing. Detailed filing data is available for this year.$1.05$0.01$1.04$1.21$1.61$0.40
2020Detailed filing. Detailed filing data is available for this year.$1.45$0.01$1.43$1.36$1.22$0.14
2019Detailed filing. Detailed filing data is available for this year.$1.30$0.00$1.30$1.10$0.68$0.42
2018Detailed filing. Detailed filing data is available for this year.$0.96$0.00$0.95$0.80$0.49$0.31
2017Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.46$0.33$0.13
2016Detailed filing. Detailed filing data is available for this year.$0.53$0.01$0.52$0.64$0.24$0.40
2015Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.36$0.32$0.04
2014Summary only. Only limited summary data is available for this year.$0.09$0.00$0.09$0.00$0.09
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 5, 2025
Return Version
2024v5.1
Gross Receipts
$1,391,710
Mission and Program Overview

Mission

The mission of precious project is to offer high quality education and care to orphaned and vulnerable children in rural tanzania. We partner with the local community to provide a primary school, children's home, community center and an organic farm, and improve agricultural development through sustainable environmental practices. Precious project also supports women's empowerment groups that foster economic self-sufficiency.

Our mission is to nurture, educate and empower impoverished youth in tanzania to be productive members and the future leaders of their country.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$448,628$528,683▲ $80,055
Cash and Non-Interest-Bearing Accounts$245,691$261,899▲ $16,208
Pledges and Grants Receivable$31,670$128,597▲ $96,927
Prepaid Expenses and Deferred Charges$124,734$78,650▼ $46,084
Total Assets$850,723$997,829▲ $147,106
Liabilities
Accounts Payable and Accrued Expenses$13,571$13,455▼ $116
Total Liabilities$13,571$13,455▼ $116
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$534,538$569,012▲ $34,474
Net Assets With Donor Restrictions$302,614$415,362▲ $112,748
Total Net Assets Fund Balance$837,152$984,374▲ $147,222
Total Liabilities and Net Assets / Fund Balance$850,723$997,829▲ $147,106
Compensation and Service Providers
Top Officer PayScore unavailable

Board Members and Trustees

NameTitle
Charles PhillipsChair
Elliot KronsteinPresident
Gilbert WilliamsCo-founder/director
Susanne Rheault-williamsCo-founder/director
Barbara HazardDirector
David ThielDirector
Jane AibelDirector
Jules ClarkDirector
May BaldwinDirector
James LoganClerk
Matthew GardnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,370,562
Program Service Revenue
$0
Investment Income
$21,148
Other Revenue
$0
All Other Contributions
$1,370,562
Change in Net Assets
$147,222

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,391,710
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,000
Total Revenue per Audited Statements
$1,407,710
Total Revenue per Form 990
$1,391,710
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$950,811
Salaries, Compensation, and Employee Benefits$237,602
Total Fundraising Expense$161,240
Other Expenses$56,075
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$950,811--$950,811
Other Salaries and Wages$36,030$39,606$120,232$195,868
Other Employee Benefits$3,995$4,392$13,331$21,718
Fees for Services Accounting-$18,199-$18,199
Office Expenses$5,019$11,374-$16,393
Payroll Taxes$2,845$3,127$9,493$15,465
Other Expenses--$14,214$14,214
Travel$5,241--$5,241
Pension Plan Contributions$837$920$2,794$4,551
Insurance$406$446$1,176$2,028
Total Functional Expenses$1,005,184$78,064$161,240$1,244,488

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,260,488
Expenses per Audited Statements$1,244,488
Total Expenses per Form 990$1,244,488
Expenses Not Reported on Form 990$16,000
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$950,811

International Compliance

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

International Activities

RegionActivityServicesOfficesEmployeesSpending
Sub-saharan Africa - TanzaniaGrants to Support One Charitable OrganizationPROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER00$950,811
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
Business relationship with 35% controlled entity
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Gilbert williams (co-founder/director) and susanne rheault-williams (co-founder/director) are married; susanne rheault-williams (co-founder/director) and matthew gardner (treasurer) are step mother/step son).”

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

“The form 990 is prepared by the external auditors and reviewed by management. Once all are satisfied with the form, it is finalized and a copy is sent to all board members. Revisions, corrections, etc. Are made as necessary. Subsequently, the form is submitted to the irs.”

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

“The board of directors requires an annual declaration from all board members and senior management as to the existence and disclosure of any potential conflicts of interest. The board members sign a disclosure statement. Any potential conflicts are discussed by the dis-interested board members, while the party in potential conflict is required to leave the room. Board meeting minutes will document the discussion and decision making process.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing documents (articles of incorporation and by-laws) and financial statements available upon request. The organization will mail copies upon request or provide copies to those who come to the administrative offices during normal business hours. The organization charges for the copies in accordance with irs regulations.”

Filing and Contact Details

Filer

Filer Name
Precious Project Inc
EIN
47-1281673
Phone
7812590970
Address
1 OAK MEADOW ROAD, LINCOLN, MA 01773

Signing Officer

Name
Elliot Kronstein
Title
President
Phone
7812590970
Signed
2025-05-05
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliot Kronstein
Formed
2014
Legal Domicile
Ma
Voting Board Members
11
Independent Board Members
11
Employees
3
Volunteers
1

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD SUITE 302, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
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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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IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt013331
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt04392
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03995
IRS990/OtherEmployeeBenefitsGrp/TotalAmt021718
IRS990/OtherExpensesGrp/Desc0EVENTS AND DONOR CULTIV
IRS990/OtherExpensesGrp/FundraisingAmt014214
IRS990/OtherExpensesGrp/TotalAmt014214
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0120232
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039606
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt036030
IRS990/OtherSalariesAndWagesGrp/TotalAmt0195868
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09493
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03127
IRS990/PayrollTaxesGrp/ProgramServicesAmt02845
IRS990/PayrollTaxesGrp/TotalAmt015465
IRS990/PensionPlanContributionsGrp/FundraisingAmt02794
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt0920
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt0837
IRS990/PensionPlanContributionsGrp/TotalAmt04551
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt031670
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0128597
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0124734
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt078650
IRS990/PrincipalOfficerNm0ELLIOT KRONSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0569157
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0743419
IRS990/PYInvestmentIncomeAmt0619
IRS990/PYOtherExpensesAmt050619
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-455168
IRS990/PYSalariesCompEmpBnftPaidAmt0230906
IRS990/PYTotalExpensesAmt01024944
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0569776
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0147222
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0448628
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0528683
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2021 AMOUNT: $ 26,063.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01370562
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0569157
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01115400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01185295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01354935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05595349
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt021148
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt05642
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt028679
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt026063
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026063
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.62830
IRS990ScheduleA/PublicSupportPY170Pct00.76430
IRS990ScheduleA/PublicSupportTotal170Amt03549887
IRS990ScheduleA/SubstantialContributorsTotAmt02045462
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01370562
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0569157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01115400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01185295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01354935
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05595349
IRS990ScheduleA/TotalSupportAmt05650091
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/DonatedServicesAndUseFcltsAmt016000
IRS990ScheduleD/DonatedServicesUseFcltsAmt016000
IRS990ScheduleD/ExpensesNotReportedAmt016000
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01244488
IRS990ScheduleD/RevenueNotReportedAmt016000
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01391710
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01244488
IRS990ScheduleD/TotalRevenuePerForm990Amt01391710
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01407710
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01260488
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0950811
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - TANZANIA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO SUPPORT ONE CHARITABLE ORGANIZATION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0950811
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0N/A
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/NonCashAssistanceAmt00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SUPPORT OF EDUCATION AND CARE FOR ORPHANED AND VULNERABLE CHILDREN OF TANZANIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - TANZANIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0950811
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt0PRECIOUS PROJECT, INC. PROVIDES FUNDING TO ITS TANZANIAN PARTNER. FINANCIAL SUPPORT IS SENT TO TANZANIA, VIA WIRE TRANSFER, AND IS USED TO SUPPORT THE FOLLOWING PROGRAMS: (1) PRECIOUS PRIMARY SCHOOL (2) PRECIOUS CHILDREN'S HOME (3) PRECIOUS LEADERS SECONDARY SCHOOL (4) WOMEN EMPOWERMENT (5) TECHNOLOGY FOR EDUCATION (6) AGRICULTURE BEST PRACTICES PRECIOUS PROJECT RECEIVES REGULAR MONTHLY ACCOUNTINGS AS TO THE NATURE AND AMOUNTS OF SPECIFIC EXPENDITURES, WHILE POCH IS RESPONSIBLE FOR ITS OWN FILINGS IN TANZANIA. IN ADDITION, THE PRECIOUS PROJECT BOARD MEMBERS MAKE REGULAR TRIPS TO THE TANZANIAN PROGRAM SITES, AS WELL AS OVERSEE THE GOVERNANCE AND PROGRAM SERVICES OF ITS TANZANIAN PARTNER.
IRS990ScheduleF/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION USES THE ACCRUAL METHOD OF ACCOUNTING TO REPORT EXPENDITURES.
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART I, LINE 3, COLUMN (F)
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0950811
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GILBERT WILLIAMS (CO-FOUNDER/DIRECTOR) AND SUSANNE RHEAULT-WILLIAMS (CO-FOUNDER/DIRECTOR) ARE MARRIED; SUSANNE RHEAULT-WILLIAMS (CO-FOUNDER/DIRECTOR) AND MATTHEW GARDNER (TREASURER) ARE STEP MOTHER/STEP SON).
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENTLY, THE FORM IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS) AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0850723
IRS990/TotalAssetsEOYAmt0997829
IRS990/TotalAssetsGrp/BOYAmt0850723
IRS990/TotalAssetsGrp/EOYAmt0997829
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01370562
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0161240
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt078064
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01005184
IRS990/TotalFunctionalExpensesGrp/TotalAmt01244488
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt013571
IRS990/TotalLiabilitiesEOYAmt013455
IRS990/TotalLiabilitiesGrp/BOYAmt013571
IRS990/TotalLiabilitiesGrp/EOYAmt013455
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0837152
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0984374
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01005184
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt021148
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01391710
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt01
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0850723
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0997829
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt05241
IRS990/TravelGrp/TotalAmt05241

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