Civic Intelligence

Precious Project Inc.

990 • Fiscal year 2023 • EIN 47-1281673

Jan 01, 2023 to Dec 31, 2023 • Filed on Jun 20, 2024

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

50th percentile

0.02x

Higher debt load relative to assets than 50% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Liabilities / Revenue

52nd percentile

0.02x

Higher debt load relative to revenue than 52% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Net Margin

4th percentile

-80%

Higher net margin than 4% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Top Officer Pay

54th percentile

$0

Higher top officer pay than 54% of similar nonprofits.

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

2023 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2023

Asset Growth

6th percentile

-35%

Faster asset growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Revenue Growth

6th percentile

-49%

Faster revenue growth than 6% of similar nonprofits.

2023 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets50th percentile

Assets

Down

$850,723

Down $452,359 (-35%) from 2022

Net Assets

Down

$837,152

Down $455,168 (-35%) from 2022

Liabilities

Up

$13,571

Up $2,809 (+26%) from 2022

Revenue And Expenses
Liabilities / Revenue52nd percentileNet Margin4th percentile

Revenue

Down

$569,776

Down $546,128 (-49%) from 2022

Expenses

Up

$1,024,944

Up $162,261 (+19%) from 2022

Net Income

Down

-$455,168

Down $708,389 (-280%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2023

Assets$850,723
Liabilities$13,571
Net Assets$837,152
Open 2023 Filing

Operations Trend

Revenue Growth6th 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

2023

Revenue$569,776
Expenses$1,024,944
Net Income-$455,168
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Jun 20, 2024
Return Version
2023v5.1
Gross Receipts
$569,776
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$768,009$448,628▼ $319,381
Cash and Non-Interest-Bearing Accounts$319,034$245,691▼ $73,343
Prepaid Expenses and Deferred Charges$166,569$124,734▼ $41,835
Pledges and Grants Receivable$49,470$31,670▼ $17,800
Total Assets$1,303,082$850,723▼ $452,359
Liabilities
Accounts Payable and Accrued Expenses$10,762$13,571▲ $2,809
Total Liabilities$10,762$13,571▲ $2,809
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$442,787$534,538▲ $91,751
Net Assets With Donor Restrictions$849,533$302,614▼ $546,919
Total Net Assets Fund Balance$1,292,320$837,152▼ $455,168
Total Liabilities and Net Assets / Fund Balance$1,303,082$850,723▼ $452,359
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$569,157
Program Service Revenue
$0
Investment Income
$619
Other Revenue
$0
All Other Contributions
$569,157
Change in Net Assets
$-455,168

Audited Revenue Reconciliation

Revenue per Audited Statements
$569,776
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$70,906
Total Revenue per Audited Statements
$640,682
Total Revenue per Form 990
$569,776
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$743,419
Salaries, Compensation, and Employee Benefits$230,906
Total Fundraising Expense$155,993
Other Expenses$50,619
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Foreign Grants$743,419--$743,419
Other Salaries and Wages$38,609$41,827$112,025$192,461
Fees for Services Accounting-$19,826-$19,826
Office Expenses$3$13,002$4,654$17,659
Other Employee Benefits$999$1,082$15,528$17,609
Payroll Taxes$3,217$3,485$9,334$16,036
Other Expenses--$10,772$10,772
Pension Plan Contributions$1,280$1,387$2,133$4,800
Insurance$391$424$1,134$1,949
Travel--$413$413
Total Functional Expenses$787,918$81,033$155,993$1,024,944

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,095,850
Expenses per Audited Statements$1,024,944
Total Expenses per Form 990$1,024,944
Expenses Not Reported on Form 990$70,906
Expenses Not Reported on Financial Statements$0
International Activity

International Summary

Offices
0
Employees
0
Spending
$743,419

International Compliance

Foreign grant records maintained
Yes
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 - Angola, Benin, Botswana, Burkina Faso,Grants to Recipients Located in RegionPROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER00$743,419
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
2024-06-20
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Elliot Kronstein
Formed
2014
Legal Domicile
Ma
Voting Board Members
9
Independent Board Members
9
Employees
3
Volunteers
3

Preparer

Firm
Smith Sullivan & Brown Pc
Address
80 FLANDERS ROAD SUITE 302, WESTBOROUGH, MA 01581
Preparer
Sandra M Brown CPA
Phone
5088717178
Raw XML AppendixShowing 400 of 431 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/BOYAmt010762
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt013571
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0OUR MISSION IS TO NURTURE, EDUCATE AND EMPOWER IMPOVERISHED YOUTH IN TANZANIA TO BE PRODUCTIVE MEMBERS AND THE FUTURE LEADERS OF THEIR COUNTRY.
IRS990/AllOtherContributionsAmt0569157
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/BOYAmt0319034
IRS990/CashNonInterestBearingGrp/EOYAmt0245691
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt00
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd01
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd00
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0569157
IRS990/CYGrantsAndSimilarPaidAmt0743419
IRS990/CYInvestmentIncomeAmt0619
IRS990/CYOtherExpensesAmt050619
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0-455168
IRS990/CYSalariesCompEmpBnftPaidAmt0230906
IRS990/CYTotalExpensesAmt01024944
IRS990/CYTotalFundraisingExpenseAmt0155993
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0569776
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/BOYAmt0849533
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt0302614
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd01
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt0787918
IRS990/FamilyOrBusinessRlnInd01
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt019826
IRS990/FeesForServicesAccountingGrp/TotalAmt019826
IRS990/ForeignActivitiesInd01
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignGrantsGrp/ProgramServicesAmt0743419
IRS990/ForeignGrantsGrp/TotalAmt0743419
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/AverageHoursPerWeekRt85.00
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/IndividualTrusteeOrDirectorInd8X
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/OtherCompensationAmt80
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/PersonNm7JAMES LOGAN
IRS990/Form990PartVIISectionAGrp/PersonNm8DAVID THIEL
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/ReportableCompFromOrgAmt80
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/ReportableCompFromRltdOrgAmt80
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/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02014
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt09
IRS990/GrantAmt0743419
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0569776
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt09
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt01134
IRS990/InsuranceGrp/ManagementAndGeneralAmt0424
IRS990/InsuranceGrp/ProgramServicesAmt0391
IRS990/InsuranceGrp/TotalAmt01949
IRS990/InvestmentIncomeGrp/ExclusionAmt0619
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0619
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt01
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MA
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0OUR MISSION IS TO NURTURE, EDUCATE AND EMPOWER IMPOVERISHED YOUTH IN TANZANIA TO BE PRODUCTIVE MEMBERS AND THE FUTURE LEADERS OF THEIR COUNTRY.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd01
IRS990/NetAssetsOrFundBalancesBOYAmt01292320
IRS990/NetAssetsOrFundBalancesEOYAmt0837152
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0442787
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0534538
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NoncashContributionsAmt01831
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/FundraisingAmt04654
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt013002
IRS990/OfficeExpensesGrp/ProgramServicesAmt03
IRS990/OfficeExpensesGrp/TotalAmt017659
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt015528
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01082
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0999
IRS990/OtherEmployeeBenefitsGrp/TotalAmt017609
IRS990/OtherExpensesGrp/Desc0EVENTS AND DONOR CULTIV
IRS990/OtherExpensesGrp/FundraisingAmt010772
IRS990/OtherExpensesGrp/TotalAmt010772
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt0112025
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt041827
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt038609
IRS990/OtherSalariesAndWagesGrp/TotalAmt0192461
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt09334
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03485
IRS990/PayrollTaxesGrp/ProgramServicesAmt03217
IRS990/PayrollTaxesGrp/TotalAmt016036
IRS990/PensionPlanContributionsGrp/FundraisingAmt02133
IRS990/PensionPlanContributionsGrp/ManagementAndGeneralAmt01387
IRS990/PensionPlanContributionsGrp/ProgramServicesAmt01280
IRS990/PensionPlanContributionsGrp/TotalAmt04800
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt049470
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt031670
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166569
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0124734
IRS990/PrincipalOfficerNm0ELLIOT KRONSTEIN
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01115533
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0590483
IRS990/PYInvestmentIncomeAmt0371
IRS990/PYOtherExpensesAmt048271
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0253221
IRS990/PYSalariesCompEmpBnftPaidAmt0223929
IRS990/PYTotalExpensesAmt0862683
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01115904
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-455168
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0768009
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0448628
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER REVENUE - 2021 AMOUNT: $ 26,063.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0569157
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt01115400
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt01185295
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt01354935
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt01092536
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05317323
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0619
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0371
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0899
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt05642
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt010201
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt017732
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt026063
IRS990ScheduleA/OtherIncome170Grp/TotalAmt026063
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.76430
IRS990ScheduleA/PublicSupportPY170Pct00.78680
IRS990ScheduleA/PublicSupportTotal170Amt04097597
IRS990ScheduleA/SubstantialContributorsTotAmt01219726
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0569157
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt01115400
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt01185295
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt01354935
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt01092536
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05317323
IRS990ScheduleA/TotalSupportAmt05361118
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/DonatedServicesAndUseFcltsAmt070906
IRS990ScheduleD/DonatedServicesUseFcltsAmt070906
IRS990ScheduleD/ExpensesNotReportedAmt070906
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01024944
IRS990ScheduleD/RevenueNotReportedAmt070906
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0569776
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01024944
IRS990ScheduleD/TotalRevenuePerForm990Amt0569776
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0640682
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01095850
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/EmployeeCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/OfficesCnt00
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTotalExpendituresAmt0743419
IRS990ScheduleF/AccountActivitiesOutsideUSGrp/RegionTxt0SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
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/GrantRecordsMaintainedInd01
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/CashGrantAmt0743419
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 - ANGOLA, BENIN, BOTSWANA, BURKINA FASO,
IRS990ScheduleF/GrantsToOrgOutsideUSGrp/ValuationMethodUsedDesc0N/A
IRS990ScheduleF/InterestInForeignTrustInd00
IRS990ScheduleF/PassiveForeignInvestmestCoInd00
IRS990ScheduleF/SubtotalEmployeesCnt00
IRS990ScheduleF/SubtotalOfficesCnt00
IRS990ScheduleF/SubtotalSpentAmt0743419
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/Total501c3OrgCnt01
IRS990ScheduleF/TotalEmployeeCnt00
IRS990ScheduleF/TotalOfficeCnt00
IRS990ScheduleF/TotalOtherOrgCnt00
IRS990ScheduleF/TotalSpentAmt0743419
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/TotalAssetsBOYAmt01303082
IRS990/TotalAssetsEOYAmt0850723
IRS990/TotalAssetsGrp/BOYAmt01303082
IRS990/TotalAssetsGrp/EOYAmt0850723
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0569157
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt0155993
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt081033
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0787918
IRS990/TotalFunctionalExpensesGrp/TotalAmt01024944
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt010762
IRS990/TotalLiabilitiesEOYAmt013571
IRS990/TotalLiabilitiesGrp/BOYAmt010762
IRS990/TotalLiabilitiesGrp/EOYAmt013571
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01292320
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0837152
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt0787918
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt0619
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0569776
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt03
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt01303082
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt0850723
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt0413
IRS990/TravelGrp/TotalAmt0413
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01 OAK MEADOW ROAD
IRS990/USAddress/CityNm0LINCOLN
IRS990/USAddress/StateAbbreviationCd0MA
IRS990/USAddress/ZIPCd001773
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.PRECIOUSPROJECT.ORG
IRS990/WhistleblowerPolicyInd01
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$850,723
Liabilities
$13,571
Net assets
$837,152
Revenue
$569,776
Expenses
$1,024,944
Net income
-$455,168
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