philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Precious Project INC FY2022 filing

Tax-deductible

Dedham, MA501(c)(3)Since 2014Foundations & GrantmakersEIN 47-1281673

This page gets seen. Tell your story. Claim this org.

To nurture, educate and empower impoverished youth in tanzania to be productive members and the future leaders of their country.

501(c)(3) charity; gifts are tax-deductible.
74¢ 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $147K a year · 12% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
74%
of spending
Fine: 74% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Cash reserves
15 mo
of spending, in cash
Looks good: 15.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $36K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$11K
0.8% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
-8% vs prior year
Spent
$863K
To programs
74%
Net assets
$1.3M
By yearFY2020–FY2025
Revenue
$1.1M
FY2022▼ -8%
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.1M
FY2023$570K
FY2024$1.4M
FY2025$2.0M
Expenses
$863K
FY2022▼ -46%
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$863K
FY2023$1.0M
FY2024$1.2M
FY2025$805K
Net assets
$1.3M
FY2022▲ +24%
Net assets by fiscal year
FY2020$1.4M
FY2021$1.0M
FY2022$1.3M
FY2023$837K
FY2024$984K
FY2025$2.2M

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2014.

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

Where the money goes

74 cents of each dollar spent went to programs.

Program services 74% · $634K Management & general 9% · $79K Fundraising 17% · $150K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 people listed on the 990.

Part VII, Section A · reportable compensation
Gilbert Williams
Co-Founder/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Susanne Rheault-Williams
Co-Founder/Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jules Clark
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Precious Project INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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

Empowering impoverished Tanzanian youth through education to become future leaders.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $634K · in their own filed words · FY2022
01

Precious 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…

$634Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2025
Harrison FoundationFY2025$36K
Total grants receivedfrom 1 funder$36K

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.1M
Ln 12
Gifts and grantsLn 1h$1.1M
Investment incomeLn 3$371
Money outPt IX
$863K
Ln 25
Programscol B$634K
Managementcol C$79K
Fundraisingcol D$150K
Owns and owesPt X
$1.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$11K
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.1M
Noncash giftsLn 1g$133
Investment incomeLn 3$371
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$319K
SavingsLn 2$768K
Cash and savings togetherLn 1–2$1.1M
Total assetsLn 16$1.3M
LiabilitiesLn 26$11K
Net assetsLn 32$1.3M
OperationsPt I, VI
EmployeesI 53
VolunteersI 61
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$813K$1.1M
Total assetsLn 16$1.0M$1.3M
LiabilitiesLn 26$10K$11K
Net assetsLn 32$1.0M$1.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$590K$590K
Other salaries and wagesLn 7$187K$38K$41K$108K
Pension plan contributionsLn 8$5K$1K$1K$2K
Other employee benefitsLn 9$17K$983$1K$15K
Payroll taxesLn 10$15K$3K$3K$9K
Accounting feesLn 11c$22K$22K
Other fees for servicesLn 11g$431$431
Office expensesLn 13$24K$9K$15K
InsuranceLn 23$2K$388$421$1K
Total functional expensesLn 25$863K$634K$79K$150K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$805K$1.2M$2.2M 990 PDF
FY2024 $1.4M$1.2M$147K$984K 990 PDF
FY2023 $570K$1.0M−$455K$837K 990 PDF
FY2022 Viewing $1.1M$863K$253K$1.3M 990 PDF
FY2021 $1.2M$1.6M−$396K$1.0M 990 PDF
FY2020 $1.4M$1.2M$138K$1.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 (4 parts)
Part VIII · Statement of revenue $1,115,904 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,115,533
VIII-1g Noncash contributions (included above)$133
VIII-1h Total contributions, gifts and grants$1,115,533
VIII-3 Investment incomeExcluded from tax $371$371
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $371$1,115,904
Part IX · Statement of functional expenses $862,683 across 9 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $590,483$590,483
IX-7 Other salaries and wagesPrograms $38,159 · Management $41,340 · Fundraising $107,692$187,191
IX-8 Pension plan contributionsPrograms $1,152 · Management $1,248 · Fundraising $2,400$4,800
IX-9 Other employee benefitsPrograms $983 · Management $1,065 · Fundraising $14,502$16,550
IX-10 Payroll taxesPrograms $3,137 · Management $3,398 · Fundraising $8,853$15,388
IX-11c Accounting feesManagement $21,935$21,935
IX-11g Other fees for servicesManagement $431$431
IX-13 Office expensesManagement $8,728 · Fundraising $15,273$24,001
IX-23 InsurancePrograms $388 · Management $421 · Fundraising $1,095$1,904
IX-25 Total functional expensesPrograms $634,302 · Management $78,566 · Fundraising $149,815$862,683
Part X · Balance sheet $1,303,082 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $255,235$319,034
X-2 Savings and temporary cash investmentsStart of year $557,786$768,009
X-3 Pledges and grants receivableStart of year $78,670$49,470
X-9 Prepaid expenses and deferred chargesStart of year $130,858$166,569
X-16 Total assetsStart of year $1,048,612$1,303,082
X-17 Accounts payable and accrued expensesStart of year $9,513$10,762
X-26 Total liabilitiesStart of year $9,513$10,762
X-27 Net assets without donor restrictionsStart of year $467,371$442,787
X-28 Net assets with donor restrictionsStart of year $571,728$849,533
X-32 Total net assets or fund balancesStart of year $1,039,099$1,292,320
X-33 Total liabilities and net assetsStart of year $1,048,612$1,303,082
Part XI · Reconciliation of net assets $1,292,320 net assets at year end
XI-1 Total revenue$1,115,904
XI-2 Total expenses$862,683
XI-3 Revenue less expenses$253,221
XI-4 Net assets at start of year$1,039,099
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,292,320

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.