Overview
What is Precision Development Inc?
Precision Development Inc, based in Newton, Massachusetts, is a nonprofit organization with a mission to uplift individuals living in poverty, predominantly smallholder farmers in developing countries. Using cutting-edge digital technology, they provide customized information and services via mobile phones to enhance productivity, profitability, and environmental sustainability. Through partnerships with local organizations, governments, and multilateral institutions, Precision Development Inc reaches users on a large scale with personalized advice. Their approach combines insights from behavioral economics, human-centered design, and social learning theory, and employs A/B testing and data science to identify the most effective information and delivery methods for their users. Currently, they operate in India, Kenya, Pakistan, Rwanda, Ethiopia, Uganda, Nigeria, Zambia, and Bangladesh.
Official website here: www.precisiondev.org
What are the reviews and ratings of this charity?
Charity Navigator rating: 78% (Three-Star out of Four Star rating)
Precision Development Inc received a Three-Star rating from Charity Navigator, indicating a generally positive evaluation of its operations and financial practices. The organization scored exceptionally well in Accountability & Finance with a score of 76, demonstrating a strong commitment to transparency and responsible financial management. Key strengths include a majority of independent board members and high scores in program expense ratio and fundraising efficiency.
While the organization shows strengths in leadership and adaptability with a perfect score of 100, there are areas for improvement, notably in the independent board size and the lack of financial statements. However, the absence of material diversion of assets is a positive indicator of operational integrity. The organization’s mission focuses on supporting smallholder farmers, which aligns with its strategic goals aimed at behavior change and engagement.
Overall, Precision Development Inc appears to be a well-managed nonprofit with a clear mission and effective financial practices, but it could benefit from enhancing its governance structure and financial disclosures to further strengthen trust with stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Precision Development Inc legitimate?
Precision Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Precision Development 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: $439,938
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,466,149
For more financial information, click here
Official website here: www.precisiondev.org
What is the mission statement of Precision Development Inc?
Precision Development Inc, a non-profit organization, is dedicated to supporting smallholder farmers in developing countries. They achieve this by providing customized digital information and services that enhance productivity, profitability, and environmental sustainability. The organization collaborates with local partners, governments, and multilateral institutions to reach a large scale of users with personalized advice through mobile phones. Using two-way communication and information aggregation, Precision Development offers valuable and practical information tailored to each user's specific geography, market, and characteristics. Their approach incorporates insights from behavioral economics, human-centered design, and social learning theory, and employs A/B testing and data science to identify the most effective types of information and delivery methods for their users.
Official website here: www.precisiondev.org
Who is the CEO of Precision Development Inc?
Owen Barder is the CEO of Precision Development Inc The CEO's salary of Precision Development Inc is $224,927 and their total compensation is $247,527.
Official website here: www.precisiondev.org
What is the revenue of Precision Development Inc?
Precision Development Inc's revenue in 2023 was $6,178,835.
Official website here: www.precisiondev.org
Who are the executives of Precision Development Inc and what are their salaries?
The average compensation at Precision Development Inc during 2023 was $207,578. There are 14 employees and 4 volunteers at Precision Development Inc.
Here are 12 key members and their salaries (Precision Development Inc's CEO's salary is $224,927 and their total compensation is $247,527):
- Compensation: $224,927
- Related: $0
- Other: $22,600
- Compensation: $166,250
- Related: $0
- Other: $29,149
- Compensation: $175,025
- Related: $0
- Other: $17,386
- Compensation: $147,027
- Related: $0
- Other: $0
- Compensation: $122,500
- Related: $0
- Other: $5,512
- Compensation: $103,481
- Related: $0
- Other: $18,750
- Compensation: $107,830
- Related: $0
- Other: $4,249
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.precisiondev.org
Where can I find the form 990 for Precision Development Inc?
Precision Development Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.precisiondev.org
Learn more at the official website: www.precisiondev.org
Mission Statement of Precision Development Inc
Precision Development Inc, a non-profit organization, is committed to supporting smallholder farmers in developing countries. Their mission is to enhance productivity, profitability, and environmental sustainability among these farmers by providing customized digital information and services. They pioneer a new model for digital development, reaching out to smallholder farmers and other users through their mobile phones, offering them personalized advice. Precision Development collaborates with in-country partners, governments, and multilateral institutions to scale up this service, delivering mobile-based personalized advice to users.
Utilizing insights from behavioral economics, human-centered design, and social learning theory, Precision Development tailors information and delivery mechanisms to suit the unique needs of its users. The organization employs A/B testing and data science to identify which types of information and delivery methods work best for its users. Currently, Precision Development has operations in India, Kenya, Pakistan, Rwanda, Ethiopia, Uganda, Nigeria, Zambia, and Bangladesh, demonstrating its global commitment to empowering smallholder farmers.
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Impact
July, 2024
Precision Development Inc's impact lies in its innovative approach to supporting smallholder farmers in developing countries. By providing personalized digital information and services through mobile phones, PXD is able to reach users at scale and offer valuable insights tailored to their specific needs. This approach not only increases productivity and profitability for smallholder farmers but also promotes environmental sustainability.
PXD's use of behavioral economics, human-centered design, and data science allows them to continuously improve their services and determine the most effective ways to deliver information to their users. By collaborating with in-country partners, governments, and multilateral institutions, PXD is able to make a significant impact in countries such as India, Kenya, Rwanda, and others.
Overall, Precision Development Inc's work is pioneering a new model for digital development that empowers smallholder farmers and other users with the knowledge and tools they need to thrive in challenging agricultural environments.
This information is meant to be a general summary of Precision Development 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 2023.
- Investment Income: $14,438
- Program Service Revenue: $204,459
- Gross Receipts: $6,178,835
Assets and Liabilities:
- Total Assets: $2,259,196
- Total Liabilities: $125,595
- Net Assets: $2,133,601
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM SERVICE REVENU
Revenue
$204,459
Organization Details
Founding Year
2015
Principal Officer
Owen Barder
Website
www.precisiondev.orgNTEE Category
Code: Q30 - International
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