Pratham Usa
- Assets
- $20.7m
- Revenue
- $23.1m
- Investments
- $0.0
- Employees
- 26
- Location
- Houston, TX
- Founding
- 09/2004
- Data as of
- 12/2023
- EIN
- 76-0620808
Organization Overview
Pratham Usa is located in Houston, TX. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2023, Pratham USA employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratham USA 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, Pratham USA generated $23.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $25.1m during the year ending 12/2023. While expenses have increased by 5.1% per year over the past 8 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
PRATHAM USA'S PRIMARY OBJECTIVES ARE RAISING FUNDS TO SUPPORT PRATHAM'S EDUCATIONAL, VOCATIONAL TRAINING AND RELATED ACTIVITIES, PROVIDING GUIDANCE ON THE USE OF PRATHAM USA FUNDS BY PRATHAM, INCREASING AWARENESS OF THE PROBLEMS OF THE UNDERPRIVILEGED IN THE COUNTRIES SERVED BY PRATHAM, OVERSEEING THE DEVELOPMENT AND USE OF THE PRATHAM USA BRAND, AND PROVIDING AND PROMOTING VARIOUS EDUCATIONAL, TRAINING, AND RELATED ACTIVITIES IN INDIA AND OTHER PARTS OF THE WORLD.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PRATHAM'S EDUCATION PROGRAMS FOCUS ON THREE MAJOR AGE GROUPS OF CHILDREN: IN THEIR EARLY YEARS (AGES 3-8) BY HELPING CHILDREN PREPARE FOR SCHOOL; IN PRIMARY SCHOOL YEARS (AGES 8-10) BY DEVELOPING READING, WRITING AND NUMERACY SKILLS THROUGH ENGAGING, HANDS-ON ACTIVITIES THAT HAVE BEEN SHOWN TO IMPROVE LEARNING DRASTICALLY; AND MIDDLE AND HIGH SCHOOL YEARS (AGES 11-18) IN BUILDING THEIR SKILLS FOR SCHOOL, WORK AND LIFE. PRATHAM'S WORK IS BOTH IN SCHOOLS AND COMMUNITIES. IN ADDITION, PRATHAM ALSO WORKS WITH LOCAL GOVERNMENTS TO TRANSFER KNOW-HOW AND TO SUPPORT LEARNING FOR MILLIONS OF CHILDREN.
PRATHAM'S TEACHING AT THE RIGHT LEVEL (TARL) PROGRAM BUILDS FOUNDATIONAL READING AND MATH SKILLS IN PRIMARY SCHOOL CHILDREN. THIS PROGRAM, WHICH HAS BEEN TRIED AND TESTED FOR SEVERAL YEARS IN INDIA, IS NOW BEING REPLICATED IN PARTNERSHIP WITH THE ABDUL LATIF JAMEEL POVERTY ACTION LAB (J-PAL) IN A FEW COUNTRIES IN AFRICA. PRATHAM IS THE TECHNICAL PARTNER SUPPORTING GOVERNMENTS AND LOCAL ORGANIZATIONS IN AFRICA IN THE IMPLEMENTATION OF THE TARL METHOD.
THE VOCATIONAL SKILLS TRAINING PROGRAM PREPARES INDIA'S YOUTH FOR SUCCESS BY TEACHING RELEVANT SKILLS FOR TODAY. THE PROGRAM TAKES YOUTH AND PUTS THEM THROUGH VIRTUAL AND HANDS-ON TRAINING OFFERED ACROSS MULTIPLE INDUSTRIES: HOSPITALITY, CONSTRUCTION, AUTOMOTIVE, BEDSIDE ASSISTANCE, ETC. THE PROGRAM ALSO OFFERS ENTREPRENEURSHIP SUPPORT FOR THOSE WHO WISH TO START THEIR OWN MICRO ENTERPRISES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sethia Dhiren Executive Chair/director | OfficerTrustee | 15 | $0 |
Jain Swatantra CFO And Director | OfficerTrustee | 0.5 | $0 |
Acharya Viral Director | Trustee | 0.25 | $0 |
Ahuja Avinash Director (until 3/31/23) | Trustee | 0.25 | $0 |
Arora Sudesh Director (until 3/31/23) | Trustee | 0.25 | $0 |
Devitre Dinyar Director | Trustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cipriani Wall Street Event Venue And Services | 12/30/23 | $203,584 |
Firm Africa International Consulting | 12/30/23 | $636,080 |
Star Group Productions Event Audio/visual Rental & Services | 12/30/23 | $158,762 |
Harsha Sharma Marketing Service | 12/30/23 | $158,075 |
Robyn Detoro Digital Consulting And Marketing | 12/30/23 | $154,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $8,445,739 |
| Related organizations | $0 |
| Government grants | $230,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,616,130 |
| Noncash contributions included in lines 1a–1f | $487,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,291,869 |
| Total Program Service Revenue | $169,499 |
| Investment income | $430,212 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $60,628 |
| Net Income from Fundraising Events | $183,399 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $23,135,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,431,007 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $15,049,650 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $755,219 |
| Compensation of current officers, directors, key employees. | $383,759 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,203,519 |
| Pension plan accruals and contributions | $77,029 |
| Other employee benefits | $109,265 |
| Payroll taxes | $161,046 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $46,306 |
| Fees for services: Accounting | $218,172 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,062 |
| Fees for services: Other | $714,440 |
| Advertising and promotion | $79,702 |
| Office expenses | $751,137 |
| Information technology | $199,529 |
| Royalties | $0 |
| Occupancy | $27,701 |
| Travel | $266,858 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,916 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,007 |
| Insurance | $12,348 |
| All other expenses | $0 |
| Total functional expenses | $25,084,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,547,295 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $7,838,953 |
| Accounts receivable, net | $32,750 |
| 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 | $140,177 |
| Net Land, buildings, and equipment | $14,585 |
| Investments—publicly traded securities | $6,080,925 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $46,869 |
| Total assets | $20,701,554 |
| Accounts payable and accrued expenses | $256,219 |
| Grants payable | $472,000 |
| 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 | $728,219 |
| Net assets without donor restrictions | $10,771,535 |
| Net assets with donor restrictions | $9,201,800 |
| 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 | $20,701,554 |