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Nonprofiteer
← PROXIMITY DESIGNS

Form 990 for tax year 2024

Filed by PROXIMITY DESIGNS.

Totals

Total revenue
$4,648,017
Total expenses
$6,286,127
Contributions and grants received
$2,683,257
Grants paid
$0
Program service revenue
$1,631,023
Investment income
$295,890
Other revenue
$37,847
Total assets, end of year
$13,923,813
Total liabilities, end of year
$254,933
Net assets or fund balances, end of year
$13,668,880
Program services expenses (Part IX)
$5,367,049
Management and general expenses
$711,534
Fundraising expenses
$207,544
Program service expenses (Part III)
$5,367,049

Program services were 85.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $564,367

  • 1f · All other contributions, gifts and grants

    $2,118,890

  • 2a · Program service revenue: PRODUCT SALES INC

    total $1,631,023 · related or exempt $1,631,023

  • 3 · Investment income

    total $295,890 · excluded $295,890

  • 11a · Other revenue: OTHER

    total $37,847 · excluded $37,847

  • 11e · Other revenue, total

    $37,847

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $268,684 · management and general $241,825 · fundraising $26,859

  • 7 · Other salaries and wages

    total $2,505,280 · program services $2,347,917 · management and general $119,169 · fundraising $38,194

  • 8 · Pension plan contributions

    total $21,600 · management and general $21,600

  • 9 · Other employee benefits

    total $313,077 · program services $305,375 · management and general $6,271 · fundraising $1,431

  • 10 · Payroll taxes

    total $33,545 · program services $13,446 · management and general $20,099

  • 11b · Fees: legal

    total $122,302 · program services $56,113 · management and general $66,189

  • 11c · Fees: accounting

    total $22,655 · program services $22,655

  • 12 · Advertising and promotion

    total $211,033 · program services $211,033

  • 13 · Office expenses

    total $207,641 · program services $202,879 · management and general $2,993 · fundraising $1,769

  • 14 · Information technology

    total $4,556 · program services $4,556

  • 16 · Occupancy

    total $155,382 · program services $132,467 · management and general $22,915

  • 17 · Travel

    total $146,276 · program services $127,471 · management and general $14,702 · fundraising $4,103

  • 19 · Conferences, conventions and meetings

    total $88,602 · program services $48,567 · management and general $27,282 · fundraising $12,753

  • 24a · Other expenses: PRODUCTION

    total $1,428,451 · program services $1,428,451

  • 24b · Other expenses: OTHER PROFESSIONAL SERV

    total $491,681 · program services $365,903 · management and general $3,797 · fundraising $121,981

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $15,317 · program services $15,026 · management and general $119 · fundraising $172

  • 24e · All other expenses

    total $250,045 · program services $85,190 · management and general $164,573 · fundraising $282

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,123,270 · end of year $975,121

  • 2 · Savings and temporary cash investments

    beginning of year $9,115,399 · end of year $8,657,998

  • 3 · Pledges and grants receivable

    beginning of year $1,789,249 · end of year $645,510

  • 4 · Accounts receivable

    beginning of year $247,009 · end of year $75,710

  • 8 · Inventories for sale or use

    beginning of year $913,737 · end of year $1,147,416

  • 9 · Prepaid expenses and deferred charges

    beginning of year $110,153 · end of year $120,205

  • 10a · Land, buildings and equipment: cost or other basis

    $896,924

  • 10b · Land, buildings and equipment: accumulated depreciation

    $793,357

  • 10c · Land, buildings and equipment, net

    beginning of year $103,909 · end of year $103,567

  • 13 · Investments: program-related

    beginning of year $9,451,814 · end of year $2,185,697

  • 14 · Intangible assets

    beginning of year $25,633 · end of year $12,589

  • 17 · Accounts payable and accrued expenses

    beginning of year $266,521 · end of year $254,933

  • 27 · Net assets without donor restrictions

    beginning of year $14,060,975 · end of year $5,116,203

  • 28 · Net assets with donor restrictions

    beginning of year $8,552,677 · end of year $8,552,677

Mission and programs · 2024

Mission

TO INCREASE INCOME AND IMPROVE THE WELL-BEING OF VULNERABLE RURAL FAMILIES IN DEVELOPING MYANMAR (BURMA).

Activities or mission (Part I)

TO INCREASE INCOME AND IMPROVE THE WELL-BEING OF VULNERABLE RURAL FAMILIES IN MYANMAR (BURMA). TO ENABLE SMALL FARM FAMILIES TO ACCESS AND CONTROL WATER AND INCREASE AGRICULTURAL PRODUCTION.

  • PROVIDED LOW-COST FARM EQUIPMENT AND AGRICULTURAL KNOWLEDGE TO POOR FAMILIES IN VILLAGES IN MYANMAR (BURMA).

    Expenses $5,367,049 · Revenue $1,631,023

As filed on the 2024 return.

Listed in Part VII

  • James D Taylor

    DIRECTOR/CHIEF EXECUTIVE O

    Total calculated
    $145,142
    From this org
    $126,000
    From related orgs
    $8,342
    Other
    $10,800
    Hours/week
    40

  • Debbie Taylor

    DIRECTOR

    Total calculated
    $145,142
    From this org
    $126,000
    From related orgs
    $8,342
    Other
    $10,800
    Hours/week
    40

  • Minos Athanassiadis

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Ravi Kumar

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Manju Seal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Schedule J

Answered yes

  • 1a · Housing allowance or residence for personal use
  • 1b · Written policy on the line-1a expenses

Answered no

  • 2 · Substantiation required before reimbursing expenses
  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • PROXIMITY FARM SERVICES COMPANY LIMITED BY GUARANTEE

    PRODUCING AND SELLING AFFORDABLE MICRO-IRRIGATION PRODUCTS AND SUBSIDIZED · BM · income $258,709 · assets $2,714,471

    Directly controlled by PROXIMITY DESIGNS

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • PROXIMITY FINANCE MICROFINANCE COMPANY LTD

    C · MICROFINANCE · BM · 41% owned · share of income $3,350,477 · share of assets $31,720,386 · controlled entity

    Directly controlled by PROXIMITY DESIGNS

  • PROXIMITY HOLDING COMPANY PTE LTD

    C · MICROFINANCE · SN · 41% owned · share of income $494,383 · share of assets $9,785,490 · controlled entity

    Directly controlled by PROXIMITY DESIGNS

  • TUN YAT LIMITED

    C · FARMING MACHINERY SERVICE · BM · 10.42% owned · share of income $103,111 · share of assets $249,948 · controlled entity

    Directly controlled by PROXIMITY DESIGNS

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202601359349311855

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