THE PRASAD PROJECT INC

EIN: 141751086 501(c)(3) International Affairs

FERNDALE, NY

Total Revenue
$986,267
Total Expenses
$646,546
Total Assets
$3,887,557
Net Assets
$3,766,831
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1992
Legal Domicile
NY
Principal Officer
THOMAS KORULA
Phone
8454340376
Tax Period
2023-01-01 to 2023-12-31

THE PRASAD PROJECT INC, founded in 1992, is a small nonprofit in the International Affairs sector that reported $986K in total revenue in fiscal year 2023. Revenue surged 39% from the prior year, signaling strong growth momentum. The organization ran a surplus of $340K, a strong 34% operating margin.

Mission

THE MISSION OF THE PRASAD PROJECT INC IS TO HELP IMPROVE THE QUALITY OF LIFE AND OFFER OPORTUNITIES FOR SELF-RELIANCE BY WORKING IN PARTNERSHIP WITH PEOPLE IN NEED AND THEIR COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $103,723

CONSTITUENT EDUCATIONCONSTITUENT EDUCATION IS AN EDUCATIONAL PROGRAM WITH THE GOAL OF ENLIGHTENING AND EDUCATING THE PUBLIC ABOUT THE ACTIVITIES AND NEEDS IN THE COMMUNITIES THAT WE SERVE. THE...

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CONSTITUENT EDUCATIONCONSTITUENT EDUCATION IS AN EDUCATIONAL PROGRAM WITH THE GOAL OF ENLIGHTENING AND EDUCATING THE PUBLIC ABOUT THE ACTIVITIES AND NEEDS IN THE COMMUNITIES THAT WE SERVE. THE PROGRAM PROVIDES PRINT AS WELL AS ELECTRONIC NEWSLETTERS, PRODUCES NEW VIDEOS ABOUT THE PROGRAMS, AND MAKES WEBSITE UPDATES THROUGHOUT THE YEAR. PRASAD ALSO SUPPORTS ITS LICENSEES BY PROVIDING GUIDANCE AND COMMUNICATION MATERIALS FOR FUNDRAISING.

Program 2
Expenses: $122,842

PRASAD CHILDREN'S DENTAL HEALTH PROGRAMFOR 25 YEARS, THE PRASAD CHILDREN'S DENTAL HEALTH PROGRAM HAS PLAYED A PIVOTAL ROLE IN ENHANCING THE ORAL HEALTH OF CHILDREN IN SULLIVAN COUNTY, NEW YORK, BY...

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PRASAD CHILDREN'S DENTAL HEALTH PROGRAMFOR 25 YEARS, THE PRASAD CHILDREN'S DENTAL HEALTH PROGRAM HAS PLAYED A PIVOTAL ROLE IN ENHANCING THE ORAL HEALTH OF CHILDREN IN SULLIVAN COUNTY, NEW YORK, BY PROVIDING COMPREHENSIVE DENTAL CARE SERVICES AND HEALTH EDUCATION IN SCHOOLS. OUR SERVICES ARE DELIVERED THROUGH A MOBILE DENTAL CLINIC.WE PRIMARILY FOCUS ON CHILDREN FROM LOW-INCOME FAMILIES WHO FACE BARRIERS TO RECEIVING DENTAL CARE. IN 2023, THE PRASAD CDHP DENTAL CLINIC COMPLETED 933 VISITS AND CONDUCTED 3,460 DENTAL PROCEDURES. ADDITIONALLY, WE PROVIDED IN-PERSON DENTAL HEALTH EDUCATION CLASSES TO 3,660 STUDENTS IN SCHOOLS.

Program 3
Expenses: $218,379

PRASAD CHIKITSA, INDIAWE HAVE CONTINUED OUR EFFORTS TO ENHANCE QUALITY OF LIFE WHILE FOSTERING ECONOMIC IMPROVEMENT FOR LONG-TERM SUSTAINABILITY IN THE TANSA VALLEY IN INDIA. AMONG OTHER INITIATIVES...

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PRASAD CHIKITSA, INDIAWE HAVE CONTINUED OUR EFFORTS TO ENHANCE QUALITY OF LIFE WHILE FOSTERING ECONOMIC IMPROVEMENT FOR LONG-TERM SUSTAINABILITY IN THE TANSA VALLEY IN INDIA. AMONG OTHER INITIATIVES, THE MOBILE HOSPITAL AND HEALTH CENTER COMPLETED 45,000 GENERAL AND SPECIALIZED MEDICAL VISITS, AND THE EYE CLINIC PERFORMED 426 CATARACT SURGERIES. THE NUTRITION PROGRAM DELIVERED 56,900 NUTRITIONAL SERVINGS TO SUPPORT MALNOURISHED INFANTS AND PREGNANT MOTHERS. ADDITIONALLY, WE PROVIDED 500 WATER FILTERS TO ENHANCE ACCESS TO CLEAN WATER. PRASAD CHIKITSA DISTRIBUTED 22,636 FRUIT AND SHADE TREE SAPLINGS, WHICH CONTRIBUTE TO FOOD SECURITY AND ENVIRONMENTAL RESTORATION. WE ALSO PROVIDED 13,000 FLORICULTURE SAPLINGS TO LOCAL FARMERS. OUR EFFORTS HAVE INCREASED COMMUNITY ENGAGEMENT, PARTICULARLY THROUGH THE SELF-HELP GROUPS THAT EMPOWER APPROXIMATELY 3,000 WOMEN.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $889,804
Program Service Revenue $0
Investment Income $96,059
Other Revenue $404
TOTAL REVENUE $986,267

Expense Breakdown

Grants Paid $75,569
Salaries & Benefits $271,563
Fundraising Expenses $29,849
Program Expenses $523,377
Other Expenses $299,414
TOTAL EXPENSES $646,546

Year-over-Year Comparison

2023 2022 Change
Revenue $986,267 $709,018 +0.4%
Expenses $646,546 $631,610 +0.0%
Net Income $339,721 $77,408 +3.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
5
Independent Members
5
Employees
5
Volunteers
12

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$106,220
Total Directors
5
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TOM KARULA CO-CHAIR/TRUSTEE 10.00
Officer Director
$0 $0 $0
VIVEK PANCHAPAKESAN CO-CHAIR/TRUSTEE 8.00
Officer Director
$0 $0 $0
JYOTIKA PATEL TREASURER 3.00
Officer Director
$0 $0 $0
HARRIETTE COLE TRUSTEE 3.00
Director
$0 $0 $0
DEBORAH ROYCE TRUSTEE/SECRETARY 0.50
Director
$0 $0 $0
MARIA ESCARRA ASSISTANT SECRETARY/EXEC. DIRECTOR 40.00
Officer
$78,872 $27,348 $106,220
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $986,267 $646,546 $3,887,557 $339,721
2022 $709,018 $631,610 $3,428,671 $77,408
2021 $1,282,722 $980,671 $3,540,450 $302,051
2020 $883,504 $667,065 $3,171,503 $216,439
2019 $746,651 $532,560 $2,679,914 $214,091
2018 $707,720 $584,917 $2,329,766 $122,803
2017 $802,734 $642,361 $2,355,212 $160,373
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