2024-06-20T10:03:50-05:00 2023-12-31 431985162 SMITH SULLIVAN & BROWN PC 80 FLANDERS ROAD SUITE 302 WESTBOROUGH MA 01581 990 2023-01-01 471281673 PRECIOUS PROJECT INC PREC 7812590970 1 OAK MEADOW ROAD LINCOLN MA 01773 ELLIOT KRONSTEIN PRESIDENT 7812590970 2024-06-20 1 ELLIOT KRONSTEIN 999009999 0 SANDRA M BROWN CPA P01614103 5088717178 2024-06-20 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z ELLIOT KRONSTEIN 1 OAK MEADOW ROAD LINCOLN MA 01773 569776 0 X WWW.PRECIOUSPROJECT.ORG X 2014 MA OUR MISSION IS TO NURTURE, EDUCATE AND EMPOWER IMPOVERISHED YOUTH IN TANZANIA TO BE PRODUCTIVE MEMBERS AND THE FUTURE LEADERS OF THEIR COUNTRY. 9 9 3 3 0 0 1115533 569157 0 0 371 619 0 0 1115904 569776 590483 743419 0 0 223929 230906 0 0 155993 48271 50619 862683 1024944 253221 -455168 1303082 850723 10762 13571 1292320 837152 OUR MISSION IS TO NURTURE, EDUCATE AND EMPOWER IMPOVERISHED YOUTH IN TANZANIA TO BE PRODUCTIVE MEMBERS AND THE FUTURE LEADERS OF THEIR COUNTRY. 0 0 787918 743419 0 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 TO CREATE MICRO-BUSINESSES; EDUCATING THE NEXT GENERATION TO PARTICIPATE IN THE DIGITAL ECONOMY; MODELING AND TEACHING AGRICULTURAL BEST PRACTICES. 787918 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 3 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 MA X ELLIOT KRONSTEIN 7812590970 1 OAK MEADOW ROAD LINCOLN MA 01773 X GILBERT WILLIAMS CO-FOUNDER/DIRECTOR 10.00 X 0 0 0 ELLIOT KRONSTEIN PRESIDENT 15.00 X X 0 0 0 SUSANNE RHEAULT-WILLIAMS CO-FOUNDER/DIRECTOR 5.00 X 0 0 0 MATTHEW GARDNER TREASURER 5.00 X X 0 0 0 CHARLES PHILLIPS CHAIR 5.00 X X 0 0 0 JULES CLARK DIRECTOR 5.00 X 0 0 0 BARBARA HAZARD DIRECTOR 5.00 X 0 0 0 JAMES LOGAN CLERK 5.00 X X 0 0 0 DAVID THIEL DIRECTOR 5.00 X 0 0 0 0 0 0 0 0 0 0 0 569157 1831 569157 619 619 569776 0 0 619 743419 743419 192461 38609 41827 112025 4800 1280 1387 2133 17609 999 1082 15528 16036 3217 3485 9334 19826 19826 17659 3 13002 4654 413 413 1949 391 424 1134 EVENTS AND DONOR CULTIV 10772 10772 1024944 787918 81033 155993 319034 245691 768009 448628 49470 31670 166569 124734 1303082 850723 10762 13571 10762 13571 X 442787 534538 849533 302614 1292320 837152 1303082 850723 -455168 0 X 0 1 X 1 0 X 1092536 1354935 1185295 1115400 569157 5317323 1092536 1354935 1185295 1115400 569157 5317323 1219726 4097597 10201 5642 899 371 619 17732 26063 26063 5361118 0.76430 0.78680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER REVENUE - 2021 AMOUNT: $ 26,063. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 640682 70906 70906 569776 0 569776 1095850 70906 70906 1024944 0 1024944 1 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, 0 0 GRANTS TO RECIPIENTS LOCATED IN REGION PROGRAM SERVICE: GRANTS TO TANZANIAN PARTNER 743419 0 0 0 0 0 0 743419 0 743419 SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, SUPPORT OF EDUCATION AND CARE FOR ORPHANED AND VULNERABLE CHILDREN OF TANZANIA 743419 WIRE TRANSFER 0 N/A N/A 1 0 0 0 0 0 0 0 PART I, LINE 2: PRECIOUS PROJECT, INC. PROVIDES FUNDING TO ITS TANZANIAN PARTNER. FINANCIAL SUPPORT IS SENT TO TANZANIA, VIA WIRE TRANSFER, AND IS USED TO SUPPORT THE FOLLOWING PROGRAMS: (1) PRECIOUS PRIMARY SCHOOL (2) PRECIOUS CHILDREN'S HOME (3) WOMEN EMPOWERMENT (4) TECHNOLOGY FOR EDUCATION (5) AGRICULTURE BEST PRACTICES PRECIOUS PROJECT RECEIVES REGULAR MONTHLY ACCOUNTINGS AS TO THE NATURE AND AMOUNTS OF SPECIFIC EXPENDITURES, WHILE POCH IS RESPONSIBLE FOR ITS OWN FILINGS IN TANZANIA. IN ADDITION, THE PRECIOUS PROJECT BOARD MEMBERS MAKE REGULAR TRIPS TO THE TANZANIAN PROGRAM SITES, AS WELL AS OVERSEE THE GOVERNANCE AND PROGRAM SERVICES OF ITS TANZANIAN PARTNER. FORM 990, PART VI, SECTION A, LINE 2 GILBERT WILLIAMS (CO-FOUNDER/DIRECTOR) AND SUSANNE RHEAULT-WILLIAMS (CO-FOUNDER/DIRECTOR) ARE MARRIED; SUSANNE RHEAULT-WILLIAMS (CO-FOUNDER/DIRECTOR) AND MATTHEW GARDNER (TREASURER) ARE STEP MOTHER/STEP SON). FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY THE EXTERNAL AUDITORS AND REVIEWED BY MANAGEMENT. ONCE ALL ARE SATISFIED WITH THE FORM, IT IS FINALIZED AND A COPY IS SENT TO ALL BOARD MEMBERS. REVISIONS, CORRECTIONS, ETC. ARE MADE AS NECESSARY. SUBSEQUENTLY, THE FORM IS SUBMITTED TO THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AND SENIOR MANAGEMENT AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DIS-INTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS (ARTICLES OF INCORPORATION AND BY-LAWS) AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. THE ORGANIZATION WILL MAIL COPIES UPON REQUEST OR PROVIDE COPIES TO THOSE WHO COME TO THE ADMINISTRATIVE OFFICES DURING NORMAL BUSINESS HOURS. THE ORGANIZATION CHARGES FOR THE COPIES IN ACCORDANCE WITH IRS REGULATIONS.