Project Prakash Foundation FY2022 filing

Tax-deductible

Cambridge, MA501(c)(3)Foundations & GrantmakersEIN 27-1164796Revenue $149K in FY2022

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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
147 mo
of spending, in cash
Looks good: 147.1 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
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
4
of 4 voting members
Looks good: 4 of 4 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$149K
+33% vs prior year
Spent
$62K
To programs
82%
Net assets
$757K
By yearFY2020–FY2024
Revenue
$149K
FY2022▲ +33%
Tap a bar for its year
Revenue by fiscal year
FY2020$108K
FY2021$112K
FY2022$149K
FY2023$98K
FY2024$267K
Expenses
$62K
FY2022▲ +49%
Tap a bar for its year
Expenses by fiscal year
FY2020$53K
FY2021$42K
FY2022$62K
FY2023$232K
FY2024$202K
Net assets
$757K
FY2022▲ +13%
Tap a bar for its year
Net assets by fiscal year
FY2020$600K
FY2021$671K
FY2022$757K
FY2023$624K
FY2024$689K

From the FY2022 Form 990 · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

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

82 cents of each dollar spent went to programs.

Program services 82% · $51K Management & general 16% · $10K 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

4 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
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.

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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.

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Provided by the organization

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1 program · $51K · in their own filed words · FY2022
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.

$51Kprogram 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 FY2022 990, line by line.

1The main four
Money inPt VIII
$149K
Ln 12
Gifts and grantsLn 1h$149K
Money outPt IX
$62K
Ln 25
Programscol B$51K
Managementcol C$10K
Fundraisingcol D$1K
Owns and owesPt X
$757K
net assets · Ln 32
Cash and savingsLn 1–2$757K
Total assetsLn 16$757K
LiabilitiesLn 26$0
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a4
IndependentVI 1b4
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$149K
Total revenueLn 12$149K
Assets in detailPt X, end of year
CashLn 1$757K
SavingsLn 2$500
Cash and savings togetherLn 1–2$757K
Total assetsLn 16$757K
LiabilitiesLn 26$0
Net assetsLn 32$757K
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 FY22End FY22
Cash and savingsLn 1–2$671K$757K
Total assetsLn 16$671K$757K
LiabilitiesLn 26$0$0
Net assetsLn 32$671K$757K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$10K$10K
Grants and assistance to foreign recipientsLn 3$41K$41K
Other salaries and wagesLn 7$4K$4K
Payroll taxesLn 10$400$400
Accounting feesLn 11c$3K$3K
Other fees for servicesLn 11g$71$71
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$3K$2K$1K
Total functional expensesLn 25$62K$51K$10K$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 Viewing $149K$62K$87K$757K 990 PDF
FY2021 $112K$42K$70K$671K 990 PDF
FY2020 $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 FY2022 990 (6 parts)
Part I · Summary $148,635 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $111,936$148,635
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $111,936$148,635
I-13 Grants and similar amounts paidPrior year $35,333$50,653
I-14 Benefits paid to members$0
I-15 Salaries and benefits$4,150
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $6,282$6,999
I-18 Total expensesPrior year $41,615$61,802
I-19 Revenue less expensesPrior year $70,321$86,833
Part VI · Governance 4 of 4 board members independent, 5 to look at
VI-1a Voting members of the governing body4
VI-1b Independent voting members4
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 $148,635 across 3 lines filed
VIII-1f All other contributions, gifts and grants$148,635
VIII-1h Total contributions, gifts and grants$148,635
VIII-12 Total revenue$148,635
Part IX · Statement of functional expenses $61,802 across 8 lines filed
IX-1 Grants to domestic organizationsPrograms $10,000$10,000
IX-3 Grants and assistance to foreign recipientsPrograms $40,653$40,653
IX-7 Other salaries and wagesManagement $3,750$3,750
IX-10 Payroll taxesManagement $400$400
IX-11c Accounting feesManagement $2,544$2,544
IX-11g Other fees for servicesManagement $71$71
IX-12 Advertising and promotionManagement $1,090$1,090
IX-13 Office expensesManagement $2,070 · Fundraising $1,224$3,294
IX-25 Total functional expensesPrograms $50,653 · Management $9,925 · Fundraising $1,224$61,802
Part X · Balance sheet $757,409 assets, 7 lines filed
X-1 Cash, non-interest-bearingStart of year $670,076$756,909
X-2 Savings and temporary cash investmentsStart of year $500$500
X-16 Total assetsStart of year $670,576$757,409
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $670,576$757,409
X-32 Total net assets or fund balancesStart of year $670,576$757,409
X-33 Total liabilities and net assetsStart of year $670,576$757,409
Part XI · Reconciliation of net assets $757,409 net assets at year end
XI-1 Total revenue$148,635
XI-2 Total expenses$61,802
XI-3 Revenue less expenses$86,833
XI-4 Net assets at start of year$670,576
XI-10 Net assets at end of year$757,409

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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