Civic Intelligence

Precious Project Inc.

990 • Fiscal year 2021 • EIN 47-1281673

Jan 01, 2021 to Dec 31, 2021 • Filed on May 11, 2022

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

29th percentile

0.01x

Higher debt load relative to assets than 29% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Liabilities / Revenue

24th percentile

0.01x

Higher debt load relative to revenue than 24% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Net Margin

7th percentile

-33%

Higher net margin than 7% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Top Officer Pay

39th percentile

$0

Higher top officer pay than 39% of similar nonprofits.

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

2021 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2021

Asset Growth

3rd percentile

-27%

Faster asset growth than 3% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Revenue Growth

19th percentile

-11%

Faster revenue growth than 19% of similar nonprofits.

2021 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets29th percentile

Assets

Down

$1,048,612

Down $397,279 (-27%) from 2020

Net Assets

Down

$1,039,099

Down $395,672 (-28%) from 2020

Liabilities

Down

$9,513

Down $1,607 (-14%) from 2020

Revenue And Expenses
Liabilities / Revenue24th percentileNet Margin7th percentile

Revenue

Down

$1,212,257

Down $148,320 (-11%) from 2020

Expenses

Up

$1,607,929

Up $385,720 (+32%) from 2020

Net Income

Down

-$395,672

Down $534,040 (-386%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth3rd 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

2021

Assets$1,048,612
Liabilities$9,513
Net Assets$1,039,099
Open 2021 Filing

Operations Trend

Revenue Growth19th 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

2021

Revenue$1,212,257
Expenses$1,607,929
Net Income-$395,672
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
May 11, 2022
Return Version
2021v4.2
Gross Receipts
$1,212,257
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.

To eradicate poverty and illiteracy in the tanzanian village of nshupu.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$1,197,587$557,786▼ $639,801
Cash and Non-Interest-Bearing Accounts$97,080$255,235▲ $158,155
Prepaid Expenses and Deferred Charges$39,004$130,858▲ $91,854
Pledges and Grants Receivable$112,220$78,670▼ $33,550
Accounts Receivable-$26,063-
Total Assets$1,445,891$1,048,612▼ $397,279
Liabilities
Accounts Payable and Accrued Expenses$11,120$9,513▼ $1,607
Total Liabilities$11,120$9,513▼ $1,607
Net Assets / Fund Balance
Net Assets With Donor Restrictions$989,223$571,728▼ $417,495
Net Assets Without Donor Restrictions$445,548$467,371▲ $21,823
Total Net Assets Fund Balance$1,434,771$1,039,099▼ $395,672
Total Liabilities and Net Assets / Fund Balance$1,445,891$1,048,612▼ $397,279
Compensation and Service Providers
Top Officer Pay39th percentile

Board Members and Trustees

NameTitle
Charles PhillipsChair
Elliot KronsteinPresident
Gilbert WilliamsCo-founder/director
Susanne Rheault-williamsCo-founder/director
Barbara HazardDirector
Jules ClarkDirector
Jim LoganClerk
Matthew GardnerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,185,295
Program Service Revenue
$0
Investment Income
$899
Other Revenue
$26,063
All Other Contributions
$1,151,623
Change in Net Assets
$-395,672

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,212,257
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$34,229
Total Revenue per Audited Statements
$1,246,486
Total Revenue per Form 990
$1,212,257
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,358,741
Salaries, Compensation, and Employee Benefits$178,768
Total Fundraising Expense$83,520
Other Expenses$70,420
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$1,358,741--$1,358,741
Other Salaries and Wages$38,368$56,805$50,646$145,819
Office Expenses$1,500$15,429$8,952$25,881
Fees for Services Accounting-$20,469-$20,469
Fees for Services Other-$3,539$11,716$15,255
Payroll Taxes$3,865$5,721$5,101$14,687
Other Employee Benefits$3,564$5,320$4,705$13,589
Other Expenses-$6,750-$6,750
Pension Plan Contributions$1,230$1,820$1,623$4,673
Insurance$462$683$609$1,754
Travel-$143$168$311
Total Functional Expenses$1,407,730$116,679$83,520$1,607,929

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,642,158
Expenses per Audited Statements$1,607,929
Total Expenses per Form 990$1,607,929
Expenses Not Reported on Form 990$34,229
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$1,358,741

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
Middle East and North AfricaGrants to Recipients Located in RegionPROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER00$1,358,741
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; elliot kronstein (chair) and ina orenstein (bookkeeper) are siblings; 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 memebers. 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
2022-05-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliot Kronstein
Formed
2014
Legal Domicile
Ma
Voting Board Members
8
Independent Board Members
8
Employees
3
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 AppendixShowing 400 of 433 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.

Path#Value
IRS990/AccountantCompileOrReviewInd00
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt011120
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt09513
IRS990/AccountsReceivableGrp/EOYAmt026063
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO ERADICATE POVERTY AND ILLITERACY IN THE TANZANIAN VILLAGE OF NSHUPU.
IRS990/AllOtherContributionsAmt01151623
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0ELLIOT KRONSTEIN
IRS990/BooksInCareOfDetail/PhoneNum07812590970
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt01 OAK MEADOW ROAD
IRS990/BooksInCareOfDetail/USAddress/CityNm0LINCOLN
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MA
IRS990/BooksInCareOfDetail/USAddress/ZIPCd001773
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt097080
IRS990/CashNonInterestBearingGrp/EOYAmt0255235
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt01185295
IRS990/CYGrantsAndSimilarPaidAmt01358741
IRS990/CYInvestmentIncomeAmt0899
IRS990/CYOtherExpensesAmt070420
IRS990/CYOtherRevenueAmt026063
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-395672
IRS990/CYSalariesCompEmpBnftPaidAmt0178768
IRS990/CYTotalExpensesAmt01607929
IRS990/CYTotalFundraisingExpenseAmt083520
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01212257
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0PRECIOUS PROJECT IS HELPING TO TRANSFORM A RURAL, IMPOVERISHED COMMUNITY IN TANZANIA BY ELIMINATING DISPARITIES IN EDUCATION, CARE OF CHILDREN AND ECONOMIC DEVELOPMENT. THE PROJECT'S FOUNDATION IS BASED ON FIVE PILLARS: PROVIDING CHILDREN ACCESS TO QUALITY EDUCATION; CARING FOR ORPHANS AND ABANDONED CHILDREN; EMPOWERING WOMEN WITH SKILLS TO CREATE MICRO-BUSINESSES; EDUCATING THE NEXT GENERATION TO PARTICIPATE IN THE DIGITAL ECONOMY; MODELING AND TEACHING AGRICULTURAL BEST PRACTICES.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd00
IRS990/DocumentRetentionPolicyInd01
IRS990/DonorAdvisedFundInd00
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt0989223
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0571728
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01407730
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt020469
IRS990/FeesForServicesAccountingGrp/TotalAmt020469
IRS990/FeesForServicesOtherGrp/FundraisingAmt011716
IRS990/FeesForServicesOtherGrp/ManagementAndGeneralAmt03539
IRS990/FeesForServicesOtherGrp/TotalAmt015255
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt01358741
IRS990/ForeignGrantsGrp/TotalAmt01358741
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt010.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt115.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt25.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt35.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt45.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt55.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt65.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt75.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0GILBERT WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm1ELLIOT KRONSTEIN
IRS990/Form990PartVIISectionAGrp/PersonNm2SUSANNE RHEAULT-WILLIAMS
IRS990/Form990PartVIISectionAGrp/PersonNm3MATTHEW GARDNER
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLES PHILLIPS
IRS990/Form990PartVIISectionAGrp/PersonNm5JULES CLARK
IRS990/Form990PartVIISectionAGrp/PersonNm6BARBARA HAZARD
IRS990/Form990PartVIISectionAGrp/PersonNm7JIM LOGAN
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0CO-FOUNDER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2CO-FOUNDER/DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4CHAIR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7CLERK
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt08
IRS990/GovernmentGrantsAmt033672
IRS990/GrantAmt01358741
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt01212257
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt08
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt0609
IRS990/InsuranceGrp/ManagementAndGeneralAmt0683
IRS990/InsuranceGrp/ProgramServicesAmt0462
IRS990/InsuranceGrp/TotalAmt01754
IRS990/InvestmentIncomeGrp/ExclusionAmt0899
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0899
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt01434771
IRS990/NetAssetsOrFundBalancesEOYAmt01039099
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0445548
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0467371
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt04495
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt08952
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015429
IRS990/OfficeExpensesGrp/ProgramServicesAmt01500
IRS990/OfficeExpensesGrp/TotalAmt025881
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt04705
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt05320
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt03564
IRS990/OtherEmployeeBenefitsGrp/TotalAmt013589
IRS990/OtherExpensesGrp/Desc0UNCOLLECTED PLEDGES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt06750
IRS990/OtherExpensesGrp/TotalAmt06750
IRS990/OtherRevenueMiscGrp/BusinessCd0900009
IRS990/OtherRevenueMiscGrp/Desc0STIMULUS/COVID CREDITS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt026063
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt026063
IRS990/OtherRevenueTotalAmt026063
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt050646
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt056805
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038368
IRS990/OtherSalariesAndWagesGrp/TotalAmt0145819
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt05101
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt05721
IRS990/PayrollTaxesGrp/ProgramServicesAmt03865
IRS990/PayrollTaxesGrp/TotalAmt014687
IRS990/PensionPlanContributionsGrp/FundraisingAmt01623
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01820
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01230
IRS990/PensionPlanContributionsGrp/TotalAmt04673
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0112220
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt078670
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt039004
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0130858
IRS990/PrincipalOfficerNm0ELLIOT KRONSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01354935
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0996580
IRS990/PYInvestmentIncomeAmt05642
IRS990/PYOtherExpensesAmt040349
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0138368
IRS990/PYSalariesCompEmpBnftPaidAmt0185280
IRS990/PYTotalExpensesAmt01222209
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01360577
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-395672
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01197587
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0557786
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2021 AMOUNT: $ 26,063.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01185295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01354935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01092536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0798193
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0455109
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt04886068
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05642
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt010201
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt04267
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0115
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt021124
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt026063
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026063
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86280
IRS990ScheduleA/PublicSupportPY170Pct00.96090
IRS990ScheduleA/PublicSupportTotal170Amt04256197
IRS990ScheduleA/SubstantialContributorsTotAmt0629871
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01185295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01354935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01092536
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0798193
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0455109
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt04886068
IRS990ScheduleA/TotalSupportAmt04933255
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/DonatedServicesAndUseFcltsAmt034229
IRS990ScheduleD/DonatedServicesUseFcltsAmt034229
IRS990ScheduleD/ExpensesNotReportedAmt034229
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01607929
IRS990ScheduleD/RevenueNotReportedAmt034229
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt01212257
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01607929
IRS990ScheduleD/TotalRevenuePerForm990Amt01212257
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01246486
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01642158
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt01358741
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0MIDDLE EAST AND NORTH AFRICA
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/SpecificServicesProvidedTxt0PROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/TypeOfActivitiesConductedTxt0GRANTS TO RECIPIENTS LOCATED IN REGION
IRS990ScheduleF/BoycottCountriesInd00
IRS990ScheduleF/ContinuationSpentAmt00
IRS990ScheduleF/ContinuationTotalEmployeeCnt00
IRS990ScheduleF/ContinuationTotalOfficeCnt00
IRS990ScheduleF/ForeignCorpOwnershipInd00
IRS990ScheduleF/ForeignPartnershipInd00
IRS990ScheduleF/GrantRecordsMaintainedInd00
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt01358741
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/RegionTxt0MIDDLE EAST AND NORTH AFRICA - ALGERIA, BAHRAIN, DJIBOUTI, EGYPT,
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt01358741
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) WOMEN EMPOWERMENT (4) TECHNOLOGY FOR EDUCATION (5) 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/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleF/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III ACCOUNTING METHOD:
IRS990ScheduleF/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalSpentAmt01358741
IRS990ScheduleF/TransferToForeignCorpInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0GILBERT WILLIAMS (CO-FOUNDER/DIRECTOR) AND SUSANNE RHEAULT-WILLIAMS (CO-FOUNDER/DIRECTOR) ARE MARRIED; ELLIOT KRONSTEIN (CHAIR) AND INA ORENSTEIN (BOOKKEEPER) ARE SIBLINGS; 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 MEMEBERS. 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/TotalAssetsBOYAmt01445891
IRS990/TotalAssetsEOYAmt01048612
IRS990/TotalAssetsGrp/BOYAmt01445891
IRS990/TotalAssetsGrp/EOYAmt01048612
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt01185295
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt083520
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0116679
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt01407730
IRS990/TotalFunctionalExpensesGrp/TotalAmt01607929
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt011120
IRS990/TotalLiabilitiesEOYAmt09513
IRS990/TotalLiabilitiesGrp/BOYAmt011120
IRS990/TotalLiabilitiesGrp/EOYAmt09513
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01434771
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt01039099
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt01407730
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0899
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt026063
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt01212257
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01445891
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt01048612
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0168
IRS990/TravelGrp/ManagementAndGeneralAmt0143
IRS990/TravelGrp/TotalAmt0311
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 OAK MEADOW ROAD
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001773
IRS990/VotingMembersGoverningBodyCnt08
IRS990/VotingMembersIndependentCnt08
IRS990/WebsiteAddressTxt0WWW.PRECIOUSPROJECT.ORG
IRS990/WhistleblowerPolicyInd01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,048,612
Liabilities
$9,513
Net assets
$1,039,099
Revenue
$1,212,257
Expenses
$1,607,929
Net income
-$395,672
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