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Precious Project INC FY2024 filing

Tax-deductible

Dedham, MA501(c)(3)Since 2014Foundations & GrantmakersEIN 47-1281673Revenue $1.4M in FY2024

On file with the IRSpreciousproject.org231 Bussey St, 02026-2555 · Dedham, MATax-exempt since Dec 2014Publicly supported charity — 170(b)(1)(A)(vi)

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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.
81¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
81%
of spending
Looks good: 81% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 7.6 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
$13K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.4M
+144% vs prior year
Spent
$1.2M
To programs
81%
Net assets
$984K
By yearFY2020–FY2025
Revenue
$1.4M
FY2024▲ +144%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.4M
FY2021$1.2M
FY2022$1.1M
FY2023$570K
FY2024$1.4M
FY2025$2.0M
Expenses
$1.2M
FY2024▲ +21%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.2M
FY2021$1.6M
FY2022$863K
FY2023$1.0M
FY2024$1.2M
FY2025$805K
Net assets
$984K
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.4M
FY2021$1.0M
FY2022$1.3M
FY2023$837K
FY2024$984K
FY2025$2.2M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 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

81 cents of each dollar spent went to programs.

Program services 81% · $1.0M Management & general 6% · $78K Fundraising 13% · $161K

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

11 people listed on the 990.

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

Empowering impoverished Tanzanian youth through education to become future leaders.

Questions for Precious Project INC

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Provided by the organization

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1 program · $1.0M · in their own filed words · FY2024
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…

$1.0Mprogram 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 FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$1.4M
Ln 12
Gifts and grantsLn 1h$1.4M
Investment incomeLn 3$21K
Money outPt IX
$1.2M
Ln 25
Programscol B$1.0M
Managementcol C$78K
Fundraisingcol D$161K
Owns and owesPt X
$984K
net assets · Ln 32
Cash and savingsLn 1–2$791K
Total assetsLn 16$998K
LiabilitiesLn 26$13K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.4M
Noncash giftsLn 1g$930
Investment incomeLn 3$21K
Total revenueLn 12$1.4M
Assets in detailPt X, end of year
CashLn 1$262K
SavingsLn 2$529K
Cash and savings togetherLn 1–2$791K
Total assetsLn 16$998K
LiabilitiesLn 26$13K
Net assetsLn 32$984K
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 FY24End FY24
Cash and savingsLn 1–2$694K$791K
Total assetsLn 16$851K$998K
LiabilitiesLn 26$14K$13K
Net assetsLn 32$837K$984K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants and assistance to foreign recipientsLn 3$951K$951K
Other salaries and wagesLn 7$196K$36K$40K$120K
Pension plan contributionsLn 8$5K$837$920$3K
Other employee benefitsLn 9$22K$4K$4K$13K
Payroll taxesLn 10$15K$3K$3K$9K
Accounting feesLn 11c$18K$18K
Office expensesLn 13$16K$5K$11K
TravelLn 17$5K$5K
InsuranceLn 23$2K$406$446$1K
Other expenses (24a–d)Ln 24$14K$14K
Total functional expensesLn 25$1.2M$1.0M$78K$161K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$805K$1.2M$2.2M 990 PDF
FY2024 Viewing $1.4M$1.2M$147K$984K 990 PDF
FY2023 $570K$1.0M−$455K$837K 990 PDF
FY2022 $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

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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 FY2024 990 (6 parts)
Part I · Summary $1,391,710 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $569,157$1,370,562
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $619$21,148
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $569,776$1,391,710
I-13 Grants and similar amounts paidPrior year $743,419$950,811
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $230,906$237,602
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $50,619$56,075
I-18 Total expensesPrior year $1,024,944$1,244,488
I-19 Revenue less expensesPrior year −$455,168$147,222
Part VI · Governance 11 of 11 board members independent, 2 to look at
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsYes
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $1,391,710 across 5 lines filed
VIII-1f All other contributions, gifts and grants$1,370,562
VIII-1g Noncash contributions (included above)$930
VIII-1h Total contributions, gifts and grants$1,370,562
VIII-3 Investment incomeExcluded from tax $21,148$21,148
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $21,148$1,391,710
Part IX · Statement of functional expenses $1,244,488 across 10 lines filed
IX-3 Grants and assistance to foreign recipientsPrograms $950,811$950,811
IX-7 Other salaries and wagesPrograms $36,030 · Management $39,606 · Fundraising $120,232$195,868
IX-8 Pension plan contributionsPrograms $837 · Management $920 · Fundraising $2,794$4,551
IX-9 Other employee benefitsPrograms $3,995 · Management $4,392 · Fundraising $13,331$21,718
IX-10 Payroll taxesPrograms $2,845 · Management $3,127 · Fundraising $9,493$15,465
IX-11c Accounting feesManagement $18,199$18,199
IX-13 Office expensesPrograms $5,019 · Management $11,374$16,393
IX-17 TravelPrograms $5,241$5,241
IX-23 InsurancePrograms $406 · Management $446 · Fundraising $1,176$2,028
IX-24 Other expenses (24a–d)Fundraising $14,214$14,214
IX-25 Total functional expensesPrograms $1,005,184 · Management $78,064 · Fundraising $161,240$1,244,488
Part X · Balance sheet $997,829 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $245,691$261,899
X-2 Savings and temporary cash investmentsStart of year $448,628$528,683
X-3 Pledges and grants receivableStart of year $31,670$128,597
X-9 Prepaid expenses and deferred chargesStart of year $124,734$78,650
X-16 Total assetsStart of year $850,723$997,829
X-17 Accounts payable and accrued expensesStart of year $13,571$13,455
X-26 Total liabilitiesStart of year $13,571$13,455
X-27 Net assets without donor restrictionsStart of year $534,538$569,012
X-28 Net assets with donor restrictionsStart of year $302,614$415,362
X-32 Total net assets or fund balancesStart of year $837,152$984,374
X-33 Total liabilities and net assetsStart of year $850,723$997,829
Part XI · Reconciliation of net assets $984,374 net assets at year end
XI-1 Total revenue$1,391,710
XI-2 Total expenses$1,244,488
XI-3 Revenue less expenses$147,222
XI-4 Net assets at start of year$837,152
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$984,374

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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