The Prasad Project Inc
- Assets
- $3.9m
- Revenue
- $986.3k
- Investments
- $0.0
- Employees
- 5
- Location
- Ferndale, NY
- Founding
- 06/1992
- Data as of
- 12/2023
- 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 12/2023, 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 12/2023, Prasad Project Inc generated $986.3k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 5.2% each year. All expenses for the organization totaled $646.5k during the year ending 12/2023. While expenses have increased by 0.7% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
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 THE 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, PRODUCES NEW VIDEOS ABOUT THE PROGRAMS, AND MAKES WEBSITE UPDATES THROUGHOUT THE YEAR. PRASAD ALSO SUPPORTS ITS LICENSEES BY PROVIDING GUIDANCE AND COMMUNICATION MATERIALS FOR FUNDRAISING.
PRASAD DE MEXICOIN 2023, THE PRASAD DE MEXICO VOLUNTEER TEAM ORGANIZED FOUR SUCCESSFUL EYE CAMPS, WHERE 671 CHILDREN AND ADULTS RECEIVED FREE EYE SURGERIES FOR CATARACTS AND STRABISMUS (CROSSED EYES).
PRASAD CHILDREN'S DENTAL HEALTH PROGRAMFOR 25 YEARS, THE PRASAD CHILDREN'S DENTAL HEALTH PROGRAM HAS PLAYED A PIVOTAL ROLE IN ENHANCING THE ORAL HEALTH OF CHILDREN IN SULLIVAN COUNTY, NEW YORK, BY PROVIDING COMPREHENSIVE DENTAL CARE SERVICES AND HEALTH EDUCATION IN SCHOOLS. OUR SERVICES ARE DELIVERED THROUGH A MOBILE DENTAL CLINIC.WE PRIMARILY FOCUS ON CHILDREN FROM LOW-INCOME FAMILIES WHO FACE BARRIERS TO RECEIVING DENTAL CARE. IN 2023, THE PRASAD CDHP DENTAL CLINIC COMPLETED 933 VISITS AND CONDUCTED 3,460 DENTAL PROCEDURES. ADDITIONALLY, WE PROVIDED IN-PERSON DENTAL HEALTH EDUCATION CLASSES TO 3,660 STUDENTS IN SCHOOLS.
PRASAD CHIKITSA, INDIAWE HAVE CONTINUED OUR EFFORTS TO ENHANCE QUALITY OF LIFE WHILE FOSTERING ECONOMIC IMPROVEMENT FOR LONG-TERM SUSTAINABILITY IN THE TANSA VALLEY IN INDIA. AMONG OTHER INITIATIVES, THE MOBILE HOSPITAL AND HEALTH CENTER COMPLETED 45,000 GENERAL AND SPECIALIZED MEDICAL VISITS, AND THE EYE CLINIC PERFORMED 426 CATARACT SURGERIES. THE NUTRITION PROGRAM DELIVERED 56,900 NUTRITIONAL SERVINGS TO SUPPORT MALNOURISHED INFANTS AND PREGNANT MOTHERS. ADDITIONALLY, WE PROVIDED 500 WATER FILTERS TO ENHANCE ACCESS TO CLEAN WATER. PRASAD CHIKITSA DISTRIBUTED 22,636 FRUIT AND SHADE TREE SAPLINGS, WHICH CONTRIBUTE TO FOOD SECURITY AND ENVIRONMENTAL RESTORATION. WE ALSO PROVIDED 13,000 FLORICULTURE SAPLINGS TO LOCAL FARMERS. OUR EFFORTS HAVE INCREASED COMMUNITY ENGAGEMENT, PARTICULARLY THROUGH THE SELF-HELP GROUPS THAT EMPOWER APPROXIMATELY 3,000 WOMEN.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Karula Co-Chair/trustee | OfficerTrustee | 10 | $0 |
Vivek Panchapakesan Co-Chair/trustee | OfficerTrustee | 8 | $0 |
Jyotika Patel Treasurer | OfficerTrustee | 3 | $0 |
Harriette Cole Trustee | Trustee | 3 | $0 |
Deborah Royce Trustee/secretary | Trustee | 0.5 | $0 |
Maria Escarra Assistant Secretary/exec. Director | Officer | 40 | $78,872 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $12,022 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $877,782 |
| Noncash contributions included in lines 1a–1f | $31,598 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $889,804 |
| Total Program Service Revenue | $0 |
| Investment income | $80,277 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $15,782 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $986,267 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $361 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $75,208 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $81,723 |
| Compensation of current officers, directors, key employees. | $5,721 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $142,430 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $29,770 |
| Payroll taxes | $17,640 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $19,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,062 |
| Fees for services: Other | $96,667 |
| Advertising and promotion | $299 |
| Office expenses | $27,757 |
| Information technology | $27,356 |
| Royalties | $0 |
| Occupancy | $44,580 |
| Travel | $4,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,164 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,847 |
| Insurance | $17,028 |
| All other expenses | $1,205 |
| Total functional expenses | $646,546 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,539 |
| Savings and temporary cash investments | $603,890 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,647 |
| 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 | $4,405 |
| Net Land, buildings, and equipment | $14,478 |
| Investments—publicly traded securities | $2,511,379 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $81,219 |
| Total assets | $3,887,557 |
| Accounts payable and accrued expenses | $43,403 |
| 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 | $77,323 |
| Total liabilities | $120,726 |
| Net assets without donor restrictions | $3,751,831 |
| Net assets with donor restrictions | $15,000 |
| 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 | $3,887,557 |
Grants Awarded
Over the last fiscal year, The Prasad Project Inc has awarded $115,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
PRASAD CHILDREN'S DENTAL HEALTH PROGRAM INC PURPOSE: PROGRAM SUPPORT | $80,000 |
AMERICARES PURPOSE: COVID-19 FUND | $35,000 |