The Prasad Project Inc
- Assets
- $3.5m
- Revenue
- $1.3m
- Investments
- $119.0k
- Employees
- 5
- Location
- Ferndale, NY
- Founding
- 06/1992
- Data as of
- 12/2021
- EIN
- 14-1751086
Organization Overview
The Prasad Project Inc is located in Ferndale, NY. The organization was established in 1992. According to its NTEE Classification (Q30) the organization is classified as: International Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 12/2021, Prasad Project Inc employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Prasad Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Prasad Project Inc generated $1.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $980.7k during the year ending 12/2021. While expenses have increased by 7.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Prasad Project Inc has awarded 12 individual grants totaling $504,105. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF THE PRASAD PROJECT IS TO HELP IMPROVE THE QUALITY OF LIFE AND OFFER OPPORTUNITIES FOR SELF-RELIANCE BY WORKING IN PARTNERSHIP WITH PEOPLE IN NEED AND THEIR COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONSTITUENT EDUCATIONCONSTITUENT EDUCATION IS AN EDUCATIONAL PROGRAM WITH A GOAL OF ENLIGHTENING AND EDUCATING THE PUBLIC ABOUT THE ACTIVITIES AND NEEDS IN THE COMMUNITIES THAT WE SERVE. THE PROGRAM PROVIDES PRINT AS WELL AS ELECTRONIC NEWSLETTERS AND WEBSITE UPDATES THROUGHOUT THE YEAR. PRASAD ALSO SUPPORTS ITS LICENSEES BY PROVIDING GUIDANCE AND COMMUNICATION MATERIALS FOR FUNDRAISING.
PRASAD CHILDREN'S DENTAL HEALTH PROGRAMFOR 23 YEARS, PRASAD CHILDREN'S DENTAL HEALTH PROGRAM HAS BEEN COMMITTED TO IMPROVING THE DENTAL HEALTH OF CHILDREN IN SULLIVAN COUNTY, NEW YORK BY PROVIDING COMPREHENSIVE DENTAL SERVICES. WE SAFELY REOPENED OUR CHILDREN'S MOBILE DENTAL CLINIC, AND RETURNED TO THE SCHOOLS TO PROVIDE ON-SITE DENTAL SERVICES TO THOSE CHILDREN WHO NEED IT MOST. OUR FOCUS IS ON CHILDREN FROM LOW-INCOME FAMILIES WHO ARE LESS LIKELY TO RECEIVE DENTAL CARE.IN 2021, PRASAD CDHP DENTAL CLINIC PROVIDED 686 VISITS AND PERFORMED 2,406 DENTAL PROCEDURES. IT WAS NOT POSSIBLE TO DELIVER IN-PERSON DENTAL HEALTH EDUCATION CLASSES AT THE SCHOOLS. PRASAD CDHP PRODUCED DENTAL HEALTH VIDEOS FOR SCHOOL-BASED ONLINE EDUCATION.
PRASAD CHIKITSAAT PRASAD CHIKITSA IN THE TANSA VALLEY, INDIA, THROUGHOUT THE PANDEMIC, WE HAVE PROVIDED IMMEDIATE RELIEF AND HAVE ALSO BEEN ABLE TO RESUME REGULAR PROGRAMMING, CONTINUING OUR EFFORTS TO PROMOTE SELF-RELIANCE AND LONG-TERM SUSTAINABILITY. PRASAD PROVIDED 22,000 HOT MEALS TO HOMELESS AND UNEMPLOYED WORKERS IN THE TANSA VALLEY AND 2,000 RATION KITS IN PARTNERSHIP WITH MANAV SADHNA IN GUJURAT AND WITH MCKS FOOD FOR THE HUNGRY FOUNDATION IN DELHI. PRASAD ALSO PARTNERED WITH AMERICARES TO SUPPORT COVID-19 TREATMENT FACILITIES IN 10 STATES IN INDIA BY PROVIDING OXYGEN CONCENTRATORS, VENTILATORS AND PPE.THE HEALTHCARE CENTER WAS OPEN FULL-TIME FOR GENERAL AND SPECIALIZED MEDICAL CARE AND PROVIDED 35,500 MEDICAL VISITS. COVID-19 HAS BEEN A CATALYST, INCREASING DIRECT COMMUNITY ENGAGEMENT, ESPECIALLY VIA THE SELF-HELP GROUPS THAT CONTINUE TO EMPOWER 3,000+ WOMEN. PRASAD ALSO DISTRIBUTED 16,000 NEW FRUIT AND SHADE TREE SAPLINGS.
PRASAD DE MEXICOSINCE 1996, PRASAD DE MEXICO'S VOLUNTEER TEAM HAS RESTORED SIGHT AND IMPROVED THE LIVES OF TENS OF THOUSANDS OF ADULTS AND CHILDREN WITH CATARACTS AND CROSSED EYES. WHILE THE EYE CAMPS REMAIN SUSPENDED DUE TO COVID-19, PRASAD DE MEXICO REMAINED ACTIVE HELPING LOW-INCOME INDIVIDUALS ACCESS FREE EYE SURGERY AT LOCAL CLINICS AND HOSPITALS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria Escarra Assistant Secretary/exec. Director | Officer | 40 | $71,904 |
Linda Hindes To June 2021 Assistant Treasurer/finance Director | Officer | 40 | $39,784 |
Tom Korula Co-Chair/trustee | OfficerTrustee | 20 | $0 |
Vivek Panchapakesan Co-Chair/trustee | OfficerTrustee | 8 | $0 |
Harriette Cole Treasurer | OfficerTrustee | 3 | $0 |
Jyotika Patel Trustee | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $57,953 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,102,948 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,160,901 |
| Total Program Service Revenue | $0 |
| Investment income | $34,674 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $85,596 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,282,722 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $306,925 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $125,977 |
| Compensation of current officers, directors, key employees. | $11,235 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $96,523 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $17,647 |
| Payroll taxes | $17,613 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $17,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,583 |
| Fees for services: Other | $118,191 |
| Advertising and promotion | $3,476 |
| Office expenses | $26,048 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $30,303 |
| Travel | $894 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,340 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,940 |
| Insurance | $19,277 |
| All other expenses | $20,356 |
| Total functional expenses | $980,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $564,961 |
| Savings and temporary cash investments | $243,950 |
| Pledges and grants receivable | $56,459 |
| Accounts receivable, net | $1,427 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $5,871 |
| Net Land, buildings, and equipment | $16,323 |
| Investments—publicly traded securities | $2,527,110 |
| Investments—other securities | $118,962 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,387 |
| Total assets | $3,540,450 |
| Accounts payable and accrued expenses | $35,521 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $35,521 |
| Net assets without donor restrictions | $3,504,929 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,540,450 |
Grants Awarded
Over the last fiscal year, The Prasad Project Inc has awarded $115,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Ferndale, NY PURPOSE: PROGRAM SUPPORT | $80,000 |
Stamford, CT PURPOSE: COVID-19 FUND | $35,000 |
Grants Recieved
Over the last fiscal year, we have identified 10 grants that The Prasad Project Inc has recieved totaling $71,380.
| Awarding Organization | Amount |
|---|---|
Royce Family Fund Inc Greenwich, CT PURPOSE: GENERAL PURPOSES | $25,000 |
Doterra Healing Hands Foundation Pleasant Grove, UT PURPOSE: SUPPORTING CHILDREN | $17,700 |
Ayco Charitable Foundation Cohoes, NY PURPOSE: COMMUNITY & HUMAN SERVICES | $12,000 |
Network For Good Inc Washington, DC PURPOSE: UNRESTRICTED | $6,789 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $5,392 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $1,699 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Central European University New York, NY | $577,160,061 | $72,058,098 |
Oxfam-America Inc Boston, MA | $98,567,095 | $108,365,278 |
Helen Keller International New York, NY | $112,029,852 | $121,068,878 |
Action Against Hunger Usa New York, NY | $114,998,583 | $117,737,270 |
Jewish National Fund -Keren Kayemeth Leisrael- Inc New York, NY | $532,275,365 | $140,855,420 |
Concern Worldwide U S Inc New York, NY | $28,102,900 | $75,183,447 |
Brac Usa Inc New York, NY | $39,074,186 | $26,089,482 |
American Society For Technion- Israel Institute Of Technology Inc New York, NY | $552,165,498 | $74,453,195 |
The American College Of Greece Boston, MA | $67,377,188 | $58,892,639 |
King Baudouin Foundation United States Inc New York, NY | $71,313,887 | $81,640,878 |
World Education Inc Boston, MA | $10,873,421 | $51,800,410 |
Citihope International Inc Margaretsville, NY | $17,709,063 | $34,849,219 |