2024-11-14T09:08:50-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2023-01-01 810779400 PRECISION DEVELOPMENT INC PREC 6178543534 1150 WALNUT STREET 2ND FLOOR NEWTON MA 02461 NIRIKSHA SHETTY CHIEF EXE3CUTIVE OFFICER 6178543534 2024-11-12 1 1 DANIELLE NIHILL P01350943 7819821001 2024-11-11 2023 2024-10-15 13:58:12Z NIRIKSHA SHETTY 8 SHANTI NIKETAN KASHINATH DHURU MARG DADAR MUMBAI IN 6178835 0 1 X HTTPS://PRECISIONDEV.ORG/ X 2015 MA OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS 5 4 14 4 0 0 3891339 5895103 209434 204459 8592 14438 20969 64835 4130334 6178835 0 0 0 0 5512828 3493329 0 0 196614 2734505 1740718 8247333 5234047 -4116999 944788 2251612 3194542 156542 170401 2095070 3024141 X OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS IN DEVELOPING COUNTRIES BY PROVIDING CUSTOMIZED INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY, PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY 0 0 3187862 204459 PRECISION DEVELOPMENT(PXD) IS A NON-PROFIT ORGANIZATION WITH A MISSIONTO SUPPORT PEOPLE LIVING IN EXTREME POVERTY BY PROVIDING CUSTOMIZEDDIGITAL INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY,PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY. WE ARE PIONEERING ANEW MODEL FOR DIGITAL DEVELOPMENT: REACHING SMALLHOLDER FARMERS ANDOTHER USERS WITH PERSONALIZED ADVICE THROUGH THEIR MOBILE PHONES. WECOLLABORATE WITH IN-COUNTRY PARTNERS, GOVERNMENTS, AND MULTILATERALINSTITUTIONS TO REACH USERS AT SCALE WITH MOBILE-BASED PERSONALIZEDADVICE, AND GATHER EVIDENCE OF ITS IMPACT.USING TWO-WAY COMMUNICATION AND INFORMATION AGGREGATION, WE OFFER OURUSERS VALUABLE AND PRACTICAL INFORMATION, CUSTOMIZED TO THEIR GEOGRAPHY, MARKET, AND CHARACTERISTICS. PXD INCORPORATES INSIGHTS FROMBEHAVIORAL ECONOMICS, HUMAN-CENTERED DESIGN, AND SOCIAL LEARNINGTHEORY, AND MAKES USE OF A/B TESTING AND DATA SCIENCE TO IDENTIFY WHATTYPES OF INFORMATION AND DELIVERY MECHANISMS WORK BEST FOR OUR USERS.PAD NOW HAS OPERATIONS IN INDIA, KENYA, AND ETHIOPIA. 3187862 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 14 1 0 1 ET KE 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 MA X X DAVID SEARS 8579284669 4 JAY STREET CAMBRIDGE MA 02139 OWEN BARDER CHIEF EXECUTIVE OFFICER 40.00 X 224927 0 22600 TOMOKO HARIGAYA CHIEF ECONOMIST & DIRECTOR 40.00 X 166250 0 29149 SARA GODFREY SECRETARY AND COO 40.00 X X 175025 0 17386 JONATHAN LEHE CHIEF STRATEGIST 40.00 X 147027 0 0 ALEXANDER RAMIREZ HEAD OF SOFTWARE DEVELOPMENT 40.00 X 122500 0 5512 CLAUDIA CARBAJAL SPECIAL PROJECTS LEAD 40.00 X 103481 0 18750 NICHOLAS MILNE DEVELOPMENT DIRECTOR 40.00 X 107830 0 4249 SHAWN COLE BOARD CHAIR/INTERIM TREASURER 2.00 X X 0 0 0 AMRITA AHUJA CHAIR 2.00 X X 0 0 0 HEINRICH BAUMANN TREASURER UNTIL 7/2023/DIRECTOR 2.00 X X 0 0 0 MICHAEL KREMER DIRECTOR 2.00 X 0 0 0 JINU KOOLA DIRECTOR 2.00 X 0 0 0 1047040 0 97646 11 0 1 0 0 5895103 5895103 PROGRAM SERVICE REVENU 110000 204459 204459 204459 14438 14438 MISCELLANEOUS INCOME 110000 64835 64835 64835 6178835 204459 0 79273 X 439938 250720 120939 68279 2466149 1400993 985737 79419 74834 34622 23454 16758 409494 246307 163187 102914 100108 89 2717 42304 42304 76457 76457 707431 475684 212267 19480 17887 15773 2026 88 188560 48171 140389 73708 62457 9665 1586 159185 105129 45925 8131 3825 3825 21960 3039 18921 IMPLEMENTATION & FIELD 432480 432389 91 MISCELLANEOUS EXPENSES 16921 8645 8120 156 5234047 3187862 1849571 196614 751143 2836296 1106849 16057 130244 217738 25967 53477 63471 63471 3825 0 233584 70974 2251612 3194542 135870 165207 20672 5194 156542 170401 X 570461 298038 1524609 2726103 2095070 3024141 2251612 3194542 944788 -15717 0 X 0 1 X 1 0 X 3858910 5422168 7444728 3891339 5895103 26512248 3858910 5422168 7444728 3891339 5895103 26512248 13583401 12928847 32332 15800 3360 8592 14438 74522 3210 2200 20969 64835 91214 26677984 986186 0.48460 0.46150 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 3,210. 2020 AMOUNT: $ 2,200. 2022 AMOUNT: $ 20,969. 2023 AMOUNT: $ 64,835. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 63471 63471 0 0 LEASE LIABILITIES 5194 5194 6163118 -15717 -15717 6178835 0 6178835 5234047 0 5234047 0 5234047 KENYA 2 17 PROGRAM ACTIVITIES AGRICULTURAL ADVICE, TECHNOLOGY & ASSISTANCE TO SMALL HOLDER FARMERS. 485143 ETHIOPIA 1 7 PROGRAM ACTIVITIES AGRICULTURAL ADVICE, TECHNOLOGY & ASSISTANCE TO SMALL HOLDER FARMERS. 610216 3 24 0 0 3 24 1095359 0 1095359 0 0 0 0 0 0 X X X 0 0 0 0 0 0 0 0 0 OWEN BARDER CHIEF EXECUTIVE OFFICER 224927 0 0 0 0 0 22600 0 0 0 247527 0 0 0 TOMOKO HARIGAYA CHIEF ECONOMIST & DIRECTOR 166250 0 0 0 0 0 0 0 29149 0 195399 0 0 0 SARA GODFREY SECRETARY AND COO 175025 0 0 0 0 0 17386 0 0 0 192411 0 0 0 PART I, LINE 3 THE ORGANIZATION USES FORM 990 OF OTHER ORGANIZATIONS AND REQUIRES APPROVAL BY THE BOARD FOR COMPENSATION. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD OF DIRECTORS REVIEW AND APPROVE THE FORM 990 PRIOR TO ITS FILING. THE FORM 990 WAS THEN AUTHORIZED AND SIGNED BY THE ORGANIZATION'S CEO. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS 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 DISINTERESTED 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. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATIVE PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE INDEPENDENT MEMBERS OF THE BOARD MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE CHANGES, AS DEEMED APPROPRIATE. A MARKET EVALUATION IS CONDUCTED AS NEEDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2022. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION FILINGS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 475,684. MANAGEMENT AND GENERAL EXPENSES 212,267. FUNDRAISING EXPENSES 19,480. TOTAL EXPENSES 707,431.