Project Prakash Foundation FY2020 filing

Tax-deductible

Cambridge, MA501(c)(3)Foundations & GrantmakersEIN 27-1164796Revenue $108K in FY2020

On file with the IRSprojectprakash.org955 Massachusetts Ave, 02139-3233 · Cambridge, MATax-exempt since Jul 2010Publicly supported charity — 170(b)(1)(A)(vi)

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Project Prakash provides surgeries to children with curable blindness

501(c)(3) charity; gifts are tax-deductible.
85¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $29K a year · 20% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
85%
of spending
Looks good: 85% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
137 mo
of spending, in cash
Looks good: 137.3 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $220K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$6K
1.0% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 5 voting members
Looks good: 5 of 5 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$108K
Spent
$53K
To programs
85%
Net assets
$600K
By yearFY2020–FY2024
Revenue
$108K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$112K
FY2022$149K
FY2023$98K
FY2024$267K
Expenses
$53K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$42K
FY2022$62K
FY2023$232K
FY2024$202K
Net assets
$600K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$671K
FY2022$757K
FY2023$624K
FY2024$689K

From the FY2020 Form 990 · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2010.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

85 cents of each dollar spent went to programs.

Program services 85% · $45K Management & general 13% · $7K Fundraising 2% · $1K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

5 people listed on the 990.

Part VII, Section A · reportable compensation
Director, Tr
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director, Cl
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A

Neha Jain’s $34K as Program Mana is at the 30th percentile of top reported officer pay among 1264 $100K–1M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023
Neha Jain$33,750$42,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Project Prakash Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides surgeries to children with curable blindness.

Questions for Project Prakash Foundation

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Provided by the organization

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1 program · $45K · in their own filed words · FY2020
01

Our goals are to a) providing treatment to curably blind children, b) helping them gain an education, and c) conducting scientific research to discover better treatments and rehabilitation procedures.

$45Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 3 funders$220K
See all 3 funders →
Grants paid · 2 grants · $22K · 2022–2024
National Foundation for Eye ResearcFY2024$11,543
Lrbt USA INCNY · FY2022$10,000

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$108K
Ln 12
Gifts and grantsLn 1h$108K
Money outPt IX
$53K
Ln 25
Programscol B$45K
Managementcol C$7K
Fundraisingcol D$1K
Owns and owesPt X
$600K
net assets · Ln 32
Cash and savingsLn 1–2$606K
Total assetsLn 16$606K
LiabilitiesLn 26$6K
PeoplePt VI, VII
5
listed · VII A
PaidVII A0
Voting boardVI 1a5
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$108K
Total revenueLn 12$108K
Assets in detailPt X, end of year
CashLn 1$606K
SavingsLn 2$500
Cash and savings togetherLn 1–2$606K
Total assetsLn 16$606K
LiabilitiesLn 26$6K
Net assetsLn 32$600K
OperationsPt I, VI
EmployeesI 50
VolunteersI 62
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$570K$606K
Total assetsLn 16$570K$606K
LiabilitiesLn 26$25K$6K
Net assetsLn 32$545K$600K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$45K$45K
Accounting feesLn 11c$2K$2K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$2K$1K
Other expenses (24a–d)Ln 24$1K$1K
Total functional expensesLn 25$53K$45K$7K$1K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $267K$202K$66K$689K 990 PDF
FY2023 $98K$232K−$134K$624K 990 PDF
FY2022 $149K$62K$87K$757K 990 PDF
FY2021 $112K$42K$70K$671K 990 PDF
FY2020 Viewing $108K$53K$55K$600K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (6 parts)
Part I · Summary $108,125 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $192,916$108,125
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $192,916$108,125
I-13 Grants and similar amounts paidPrior year $64,988$44,811
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $9,417$8,184
I-18 Total expensesPrior year $74,405$52,995
I-19 Revenue less expensesPrior year $118,511$55,130
Part VI · Governance 5 of 5 board members independent, 5 to look at
VI-1a Voting members of the governing body5
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
Part VIII · Statement of revenue $108,125 across 3 lines filed
VIII-1f All other contributions, gifts and grants$108,125
VIII-1h Total contributions, gifts and grants$108,125
VIII-12 Total revenue$108,125
Part IX · Statement of functional expenses $52,995 across 5 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $44,811$44,811
IX-11c Accounting feesManagement $2,460$2,460
IX-12 Advertising and promotionManagement $1,170$1,170
IX-13 Office expensesManagement $2,011 · Fundraising $1,044$3,055
IX-24 Other expenses (24a–d)Management $1,499$1,499
IX-25 Total functional expensesPrograms $44,811 · Management $7,140 · Fundraising $1,044$52,995
Part X · Balance sheet $606,310 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $569,382$605,810
X-2 Savings and temporary cash investmentsStart of year $500$500
X-16 Total assetsStart of year $569,882$606,310
X-17 Accounts payable and accrued expensesStart of year $24,757$6,055
X-26 Total liabilitiesStart of year $24,757$6,055
X-27 Net assets without donor restrictionsStart of year $545,125$600,255
X-32 Total net assets or fund balancesStart of year $545,125$600,255
X-33 Total liabilities and net assetsStart of year $569,882$606,310
Part XI · Reconciliation of net assets $600,255 net assets at year end
XI-1 Total revenue$108,125
XI-2 Total expenses$52,995
XI-3 Revenue less expenses$55,130
XI-4 Net assets at start of year$545,125
XI-10 Net assets at end of year$600,255

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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