Civic Intelligence

Precious Project Inc.

990 • Fiscal year 2016 • EIN 47-1281673

Jan 01, 2016 to Dec 31, 2016 • Filed on Sep 27, 2017

Organization ProfileWWW.PRECIOUSPROJECT.ORG
1 Oak Meadow RoadLincoln, MA 01773

(781) 259-0970

Siviq Scores

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

Liabilities / Assets

40th percentile

0.01x

Higher debt load relative to assets than 40% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Liabilities / Revenue

37th percentile

0.01x

Higher debt load relative to revenue than 37% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Net Margin

95th percentile

62%

Higher net margin than 95% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Top Officer Pay

49th percentile

$0

Higher top officer pay than 49% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2016

Asset Growth

98th percentile

316%

Faster asset growth than 98% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Revenue Growth

92nd percentile

77%

Faster revenue growth than 92% of similar nonprofits.

2016 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets40th percentile

Assets

Up

$531,705

Up $403,966 (+316%) from 2015

Net Assets

Up

$524,350

Up $396,611 (+310%) from 2015

Liabilities

Up

$7,355

Up $7,355 from 2015

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin95th percentile

Revenue

Up

$637,205

Up $277,874 (+77%) from 2015

Expenses

Down

$240,594

Down $82,011 (-25%) from 2015

Net Income

Up

$396,611

Up $359,885 (+980%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth98th percentile

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

$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

2016

Assets$531,705
Liabilities$7,355
Net Assets$524,350
Open 2016 Filing

Operations Trend

Revenue Growth92nd percentile

Revenue, expenses, and net income across loaded years, with this 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

2016

Revenue$637,205
Expenses$240,594
Net Income$396,611
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Sep 27, 2017
Return Version
2016v3.0
Gross Receipts
$637,205
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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$126,539$318,805▲ $192,266
Pledges and Grants Receivable-$184,500-
Prepaid Expenses and Deferred Charges-$28,400-
Accounts Receivable$1,200--
Total Assets$127,739$531,705▲ $403,966
Liabilities
Accounts Payable and Accrued Expenses-$7,355-
Total Liabilities$0$7,355▲ $7,355
Net Assets / Fund Balance
Temporarily Rstr Net Assets$89,300$443,950▲ $354,650
Unrestricted Net Assets$38,439$80,400▲ $41,961
Total Net Assets Fund Balance$127,739$524,350▲ $396,611
Total Liabilities and Net Assets / Fund Balance$127,739$531,705▲ $403,966
Compensation and Service Providers
Top Officer Pay49th percentile

Board Members and Trustees

NameTitle
Elliot KronsteinChair/treasurer
Gilbert WilliamsCo-founder/director
Charles PhillipsDirector
Matthew GardnerDirector
May BaldwinDirector
W Ed WoodDirector
Susanne RheaultCo-founder/clerk
Revenue and Support

Revenue Composition

Contributions and Grants
$637,090
Program Service Revenue
$0
Investment Income
$115
Other Revenue
$0
All Other Contributions
$637,090
Change in Net Assets
$396,611

Audited Revenue Reconciliation

Revenue per Audited Statements
$637,205
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$66,696
Total Revenue per Audited Statements
$703,901
Total Revenue per Form 990
$637,205
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$143,952
Salaries, Compensation, and Employee Benefits$52,974
Other Expenses$33,968
Total Fundraising Expense$31,962
Professional Fundraising Fees$9,700

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$143,952--$143,952
Other Salaries and Wages$2,889$28,709$17,075$48,673
Fees for Services Accounting-$18,255-$18,255
Fees for Services Other-$9,720$39$9,759
Fees for Services Professional Fundraising--$9,700$9,700
Payroll Taxes$258$2,538$1,505$4,301
Office Expenses-$2,037$1,837$3,874
Conferences and Meetings--$1,699$1,699
Insurance$18$181$107$306
Travel$75--$75
Total Functional Expenses$147,192$61,440$31,962$240,594

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$307,290
Expenses per Audited Statements$240,594
Total Expenses per Form 990$240,594
Expenses Not Reported on Form 990$66,696
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$0

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
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$9,700
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 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 (co-founder/clerk) are married; elliot kronstein (chair/treasurer) and may baldwin (director through 12/31/16) are married; elliot kronstein (chair/treasurer) and ina orenstein (bookkeeper) are siblings; susanne rheault (co-founder/clerk) and matthew gardner (director) 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 memebers. Revisions, corrections, etc. Are made as necessary. Subsequently, the form is submitted to the irs.”

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
Chair/treasurer
Phone
7812590970
Signed
2017-09-27
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliot Kronstein
Formed
2014
Legal Domicile
Ma
Voting Board Members
7
Independent Board Members
7
Employees
2
Volunteers
2

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD - SUITE 200, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
Raw XML Appendix378 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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IRS990/ActivityOrMissionDesc0THE 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.
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IRS990/Desc0PRECIOUS PRIMARY SCHOOL:IN OCTOBER 2015, PRECIOUS PROJECT COMPLETED CONSTRUCTION OF A 10-ROOM PRIMARY SCHOOL TO ADDRESS THE EDUCATIONAL CHALLENGES IN THE TANZANIAN VILLAGE OF NSHUPU. THE PRECIOUS PRIMARY SCHOOL - THE CORNERSTONE OF PRECIOUS PROJECT - OPENED ITS DOORS IN JANUARY 2016 AND CURRENTLY PROVIDES A QUALITY EDUCATION FOR 130 CHILDREN, WITH EQUAL ENROLLMENT OF GIRLS AND BOYS. BY THE END OF 2018, THE SCHOOL WILL OFFER EDUCATION TO 230 CHILDREN IN GRADES PRE-K THROUGH SEVENTH GRADE. PRECIOUS CHILDREN'S HOME:THE PRECIOUS CHILDREN'S HOME PROVIDES A SAFE, NURTURING AND HEALTHY ENVIRONMENT FOR ORPHANS OF HIV AND ABANDONED CHILDREN. UNDER PRECIOUS PROJECT, THE SMALL "FAMILY" HOME HAS GROWN FROM NINE TO 14 RESIDENTIAL CHILDREN AND MOVED IN 2014 FROM A CRAMPED RENTED CEMENT BLOCK TO A BEAUTIFUL PERMANENT HOME. "MAMAS", AN AFFECTIONATE NAME GIVEN TO THE WOMEN WHO WATCH OVER THE CHILDREN, PROVIDE DAILY LOVING CARE AS WELL AS COOK, CLEAN, AND DO THE LAUNDRY. ALL THE CHILDREN'S NEEDS, INCLUDING THEIR EDUCATION AND HEALTH CARE ARE PROVIDED FOR UNTIL THEY REACH THE AGE OF 18 YEARS. WOMEN EMPOWERMENT:PRECIOUS PROJECT HELPS VILLAGE WOMEN CREATE AND MANAGE THEIR OWN SELF-HELP GROUPS. GROUPS ARE COMPRISED OF APPROXIMATELY 30 MEMBERS. EACH GROUP CREATES A SAVINGS AND LOAN PROGRAM, HAS ITS OWN BY-LAWS, AND DETERMINES THE TERMS AND CONDITIONS OF LOANS INCLUDING THE INTEREST RATE. GROUPS MEET WEEKLY TO POOL THEIR SAVINGS, REPAY LOANS, AND VOTE ON WHO WILL RECEIVE A NEW ROUND OF LOANS. MEMBERS USE THEIR LOANS TO START OR EXPAND MICRO-BUSINESSES, PAY SCHOOL TUITION FEES FOR THEIR CHILDREN, AND TO COVER UNANTICIPATED EXPENSES, SUCH AS FOOD, MEDICINE, OR OTHER NEEDS. AS LOANS ARE REPAID AND NEW LOANS ARE MADE, THE ACCRUED INTEREST EXPANDS THE AMOUNT OF MONEY AVAILABLE FOR FUTURE LOANS. TECHNOLOGY FOR EDUCATION:PRECIOUS PROJECT SEEKS TO LEVERAGE INFORMATION & COMMUNICATIONS TECHNOLOGY ("ICT") TO BOOST STUDENT LEARNING AND PERFORMANCE, BRIDGE THE EDUCATION GAP IN TANZANIA'S PRIMARY EDUCATION, AND PREPARE ITS YOUNG CITIZENS WITH THE KNOWLEDGE AND SKILLS TO PARTICIPATE IN THE DIGITAL WORLD ECONOMY. PRECIOUS' ICT PROJECT EFFORTS ARE MULTIFACETED TO MAXIMIZE THE PROJECT'S SUCCESS AND FOCUSES ON IMPLEMENTING TECHNOLOGY THAT IS EASY AND INTUITIVE FOR CHILDREN TO USE, NOT DEPENDENT ON RELIABLE ELECTRICITY OR THE INTERNET, AND SIMPLE TO MAINTAIN. AGRICULTURAL BEST PRACTICES:IN 2015, PRECIOUS PROJECT PURCHASED ONE ACRE OF LAND TO START AN ORGANIC FARM TO PROVIDE NUTRITIOUS FOOD TO CHILDREN LIVING IN THE PRECIOUS CHILDREN'S HOME AND ENROLLED IN PRECIOUS PRIMARY SCHOOL. PRECIOUS PROJECT EMPLOYS SUSTAINABLE AGRICULTURAL PRACTICES TO GROW ORGANIC BANANAS, AVOCADOS AND A VARIETY OF VEGETABLES. PRECIOUS PROJECT HAS ALSO INSTALLED WATER TANKS TO CAPTURE AND FILTER RAINWATER AND A BIOGAS SYSTEM TO REDUCE DEPENDENCY ON PROPANE. ADDITIONALLY, PRECIOUS PROJECT DRILLED A BOREHOLE FOR AN ARTESIAN WELL, WHICH AUGMENTS THE FARM'S RAINWATER COLLECTION WHILE ALSO SUPPLYING FRESH WATER TO ABUTTING NEIGHBORS. PRECIOUS PROJECT EMPLOYS A FULL-TIME GARDENER, WHO ALSO TEACHES THE PRECIOUS HOME'S RESIDENTIAL CHILDREN HOW TO FARM ORGANICALLY.
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IRS990/MissionDesc0THE 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.
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IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0359331
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0299897
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt019403
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt036726
IRS990/PYSalariesCompEmpBnftPaidAmt03305
IRS990/PYTotalExpensesAmt0322605
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0359331
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0396611
IRS990/RegularMonitoringEnfrcInd00
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0637090
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0359331
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt088935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01085356
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt02266
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt0897976
IRS990ScheduleA/SubstantialContributorsTotAmt0187380
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0637090
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0359331
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt088935
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01085356
IRS990ScheduleA/TotalSupportAmt01085356
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/DonatedServicesAndUseFcltsAmt066696
IRS990ScheduleD/DonatedServicesUseFcltsAmt066696
IRS990ScheduleD/ExpensesNotReportedAmt066696
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0240594
IRS990ScheduleD/RevenueNotReportedAmt066696
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0637205
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt0240594
IRS990ScheduleD/TotalRevenuePerForm990Amt0637205
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0703901
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0307290
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinutationTotalEmployeeCnt00
IRS990ScheduleF/ContinutationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0143952
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/DescriptionOfNonCashAsstTxt0N/A
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/MannerOfCashDisbursementTxt0WIRE TRANSFER
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/PurposeOfGrantTxt0SUPPORT OF EDUCATION AND CARE FOR ORPHANED AND VULNERABLE CHILDREN OF TANZANIA
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt00
IRS990ScheduleF/Total501c3OrgCnt00
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt01
IRS990ScheduleF/TotalSpentAmt00
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GILBERT WILLIAMS (CO-FOUNDER/DIRECTOR) AND SUSANNE RHEAULT (CO-FOUNDER/CLERK) ARE MARRIED; ELLIOT KRONSTEIN (CHAIR/TREASURER) AND MAY BALDWIN (DIRECTOR THROUGH 12/31/16) ARE MARRIED; ELLIOT KRONSTEIN (CHAIR/TREASURER) AND INA ORENSTEIN (BOOKKEEPER) ARE SIBLINGS; SUSANNE RHEAULT (CO-FOUNDER/CLERK) AND MATTHEW GARDNER (DIRECTOR) 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 MEMEBERS. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENTLY, THE FORM IS SUBMITTED TO THE IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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 C, LINE 19
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0MA
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt089300
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0443950
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt0127739
IRS990/TotalAssetsEOYAmt0531705
IRS990/TotalAssetsGrp/BOYAmt0127739
IRS990/TotalAssetsGrp/EOYAmt0531705
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0637090
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt031962
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt061440
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0147192
IRS990/TotalFunctionalExpensesGrp/TotalAmt0240594
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt07355
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt07355
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0127739
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0524350
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0147192
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0115
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0637205
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0127739
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0531705
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt075
IRS990/TravelGrp/TotalAmt075
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnrestrictedNetAssetsGrp/BOYAmt038439
IRS990/UnrestrictedNetAssetsGrp/EOYAmt080400
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 OAK MEADOW ROAD
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001773
IRS990/VotingMembersGoverningBodyCnt07
IRS990/VotingMembersIndependentCnt07
IRS990/WebsiteAddressTxt0WWW.PRECIOUSPROJECT.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0ELLIOT KRONSTEIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR/TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum07812590970
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-09-27
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PRECIOUS PROJECT INC
ReturnHeader/Filer/BusinessNameControlTxt0PREC
ReturnHeader/Filer/EIN0471281673
ReturnHeader/Filer/PhoneNum07812590970
ReturnHeader/Filer/USAddress/AddressLine1Txt01 OAK MEADOW ROAD
ReturnHeader/Filer/USAddress/CityNm0LINCOLN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MA
ReturnHeader/Filer/USAddress/ZIPCd001773
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId035BDDC4389428678052E8834F7871B2B178C24C9
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId00D4C8ECD24EC751BACF6694ED05C566ACFA0BC2A
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt071.248.188.134
ReturnHeader/FilingSecurityInformation/IPDt02017-09-27
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0ED
ReturnHeader/FilingSecurityInformation/IPTm008:56:37
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0431985162
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0SMITH SULLIVAN & BROWN PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt080 FLANDERS ROAD - SUITE 200
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0WESTBOROUGH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd001581
ReturnHeader/PreparerPersonGrp/PhoneNum05088717178
ReturnHeader/PreparerPersonGrp/PreparationDt02017-09-27
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0SANDRA M BROWN CPA
ReturnHeader/ReturnTs02017-09-27T13:30:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$531,705
Liabilities
$7,355
Net assets
$524,350
Revenue
$637,205
Expenses
$240,594
Net income
$396,611
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