Overview
What is Precious Project Inc?
Precious Project Inc is a nonprofit organization based in Lincoln, Massachusetts, with a mission to uplift a disadvantaged community in Tanzania. Their work is centered around five key areas: enhancing education quality for children, caring for orphans and abandoned kids, empowering women through skill development to establish micro-businesses, educating the youth for participation in the digital economy, and promoting sustainable agricultural practices. Their goal is to nurture, educate, and empower impoverished Tanzanian youth, aspiring to foster productive members and future leaders of the country. The organization currently employs a team of three individuals.
Official website here: www.preciousproject.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%, Four-Star out of Four Stars
Precious Project Inc has achieved a notable Four-Star rating from Charity Navigator, underscoring its strong performance in accountability and finance. The organization boasts high scores across various metrics, including a perfect score for having a majority of independent board members and effective oversight of financial statements. With program expenses constituting approximately 80.95% of total expenses, it demonstrates a commitment to directing resources towards its mission.
User reviews from Great Nonprofits consistently highlight the impact of Precious Project on vulnerable children in Tanzania. Donors and board members alike commend the organization for its enthusiastic and committed leadership, as well as the local involvement in decision-making processes. Many reviews praise the tangible accomplishments of the charity, such as new infrastructure for the orphanage and school, educational programs, and medical services, indicating strong organizational effectiveness.
While feedback is overwhelmingly positive, the reviews reflect a deep commitment and personal involvement of key leaders, which may influence perceptions of the nonprofit's operations. Overall, Precious Project Inc is recognized as a well-managed and impactful organization, earning the trust and support of its community and donors.
This AI summary has been generated from information found on Charity Navigator and Great Nonprofits.
Is Precious Project Inc legitimate?
Precious Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precious Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $187,191
For more financial information, click here
Official website here: www.preciousproject.org
What is the mission statement of Precious Project Inc?
Precious Project Inc's mission is centered around nurturing, educating, and empowering impoverished youth in Tanzania. The organization aims to transform these youth into productive members and future leaders of their country. To achieve this, Precious Project focuses on five key areas: providing access to quality education, caring for orphans and abandoned children, empowering women to establish micro-businesses, educating the next generation to participate in the digital economy, and modeling and teaching agricultural best practices. The project is committed to eliminating disparities in education, child care, and economic development in a rural, impoverished community in Tanzania.
Official website here: www.preciousproject.org
Who is the CEO of Precious Project Inc?
Elliot Kronstein is the Co-Founder/Director of Precious Project Inc.
Official website here: www.preciousproject.org
What is the revenue of Precious Project Inc?
Precious Project Inc's revenue in 2022 was $1,115,904.
Official website here: www.preciousproject.org
Who are the executives of Precious Project Inc and what are their salaries?
The average compensation at Precious Project Inc during 2022 was $62,397. There are 3 employees and 4 volunteers at Precious Project Inc.
Here are 8 key members and their salaries:
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Official website here: www.preciousproject.org
Where can I find the form 990 for Precious Project Inc?
Precious Project Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.preciousproject.org
Learn more at the official website: www.preciousproject.org
Mission Statement of Precious Project Inc
Precious Project Inc, a nonprofit organization, is dedicated to nurturing, educating, and empowering impoverished youth in Tanzania, aiming to transform them into productive members and future leaders of their country. The project operates with a vision to eliminate disparities in education, child care, and economic development within a rural, impoverished community in Tanzania. Precious Project Inc is structured around five core pillars. Firstly, the organization provides children with access to quality education, ensuring that they have the necessary tools and knowledge to succeed. Secondly, Precious Project Inc takes care of orphans and abandoned children, offering them a supportive environment and essential resources. Thirdly, the nonprofit empowers women by teaching them skills to establish micro-businesses, thereby providing them with economic independence. Fourthly, Precious Project Inc educates the next generation on participating in the digital economy, preparing them for the future and equipping them with the skills required in the modern world. Lastly, the organization models and teaches agricultural best practices, promoting sustainable farming and food security within the community.
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Impact
July, 2024
Precious Project Inc is making a transformative impact in a rural, impoverished community in Tanzania. By providing access to quality education, caring for orphans and abandoned children, empowering women with business skills, educating the next generation in digital economy practices, and promoting agricultural best practices, Precious Project is eliminating disparities in education, child care, and economic development. Through these efforts, Precious Project is nurturing, educating, and empowering impoverished youth in Tanzania to become productive members and future leaders of their country.
This information is meant to be a general summary of Precious Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $371
- Gross Receipts: $1,115,904
Assets and Liabilities:
- Total Assets: $1,303,082
- Total Liabilities: $10,762
- Net Assets: $1,292,320
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Organization Details
Founding Year
2014
Phone
(781) 259-0970Principal Officer
Elliot Kronstein
Main Address
1 OAK MEADOW ROAD, LINCOLN, MA, 01773
Website
www.preciousproject.orgNTEE Category
Code: T12 - Philanthropy
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