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Nonprofiteer
← PRECISION DEVELOPMENT INC

Form 990 for tax year 2022

Filed by PRECISION DEVELOPMENT INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2022 , filed 3 September 2024. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$4,189,576 changed to $4,130,334
Total expenses
$8,280,474 changed to $8,247,333
Contributions and grants received
$3,903,110 changed to $3,891,339
Program service revenue
$277,809 changed to $209,434
Other revenue
$65 changed to $20,969
Total assets, end of year
$2,259,196 changed to $2,251,612
Total liabilities, end of year
$125,595 changed to $156,542
Net assets or fund balances, end of year
$2,133,601 changed to $2,095,070
Program services expenses
$7,211,775 changed to $6,895,939
Management and general expenses
$792,219 changed to $1,122,617
Fundraising expenses
$276,480 changed to $228,777
Program service expenses (Part III)
$7,211,775 changed to $6,895,939

Listed under a different title

  • HEINRICH BAUMANN: MANAGING DIRECTOR & TREASURER then MANAGING DIRECTOR & TREASU
  • TOMOKO HARIGAYA: CHIEF ECONOMIST & DIRECTOR OF RESEARCH then CHIEF ECONOMIST & DIRECTOR

Totals

Total revenue
$4,189,576
Total expenses
$8,280,474
Contributions and grants received
$3,903,110
Grants paid
$0
Program service revenue
$277,809
Investment income
$8,592
Other revenue
$65
Total assets, end of year
$2,259,196
Total liabilities, end of year
$125,595
Net assets or fund balances, end of year
$2,133,601
Program services expenses (Part IX)
$7,211,775
Management and general expenses
$792,219
Fundraising expenses
$276,480
Program service expenses (Part III)
$7,211,775

Program services were 87.1% 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.

  • 1f · All other contributions, gifts and grants

    $3,903,110

  • 2a · Program service revenue: PROGRAM SERVICE REVENU

    total $277,809 · related or exempt $277,809

  • 3 · Investment income

    total $8,592 · excluded $8,592

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $65 · excluded $65

  • 11e · Other revenue, total

    $65

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $571,342 · program services $325,599 · management and general $157,056 · fundraising $88,687

  • 7 · Other salaries and wages

    total $4,495,702 · program services $4,206,314 · management and general $183,284 · fundraising $106,104

  • 8 · Pension plan contributions

    total $82,241 · program services $64,811 · management and general $12,828 · fundraising $4,602

  • 9 · Other employee benefits

    total $114,045 · program services $106,704 · management and general $4,649 · fundraising $2,692

  • 10 · Payroll taxes

    total $249,495 · program services $214,232 · management and general $21,596 · fundraising $13,667

  • 11b · Fees: legal

    total $59,155 · program services $39,893 · management and general $19,262

  • 11c · Fees: accounting

    total $34,380 · management and general $34,380

  • 11g · Fees: other

    total $1,074,268 · program services $937,666 · management and general $82,091 · fundraising $54,511

  • 13 · Office expenses

    total $47,117 · program services $25,541 · management and general $21,576

  • 14 · Information technology

    total $315,596 · program services $158,230 · management and general $157,366

  • 16 · Occupancy

    total $87,430 · program services $39,490 · management and general $47,940

  • 17 · Travel

    total $282,200 · program services $244,798 · management and general $31,534 · fundraising $5,868

  • 19 · Conferences, conventions and meetings

    total $16,786 · program services $14,561 · management and general $1,876 · fundraising $349

  • 22 · Depreciation, depletion and amortization

    total $14,116 · management and general $14,116

  • 23 · Insurance

    total $5,540 · program services $4,647 · management and general $893

  • 24a · Other expenses: IMPLEMENTATION & FIELD

    total $831,061 · program services $829,289 · management and general $1,772

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,997,452 · end of year $753,571

  • 2 · Savings and temporary cash investments

    beginning of year $1,800,584 · end of year $1,106,849

  • 4 · Accounts receivable

    beginning of year $455,780 · end of year $130,244

  • 9 · Prepaid expenses and deferred charges

    beginning of year $140,941 · end of year $51,795

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

    $63,471

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

    $59,646

  • 10c · Land, buildings and equipment, net

    beginning of year $17,941 · end of year $3,825

  • 15 · Other assets

    beginning of year $125,324 · end of year $212,912

  • 17 · Accounts payable and accrued expenses

    beginning of year $330,869 · end of year $125,595

  • 27 · Net assets without donor restrictions

    beginning of year $2,223,279 · end of year -$367,225

  • 28 · Net assets with donor restrictions

    beginning of year $3,983,874 · end of year $2,500,826

Mission and programs · 2022

Mission

OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS IN DEVELOPING COUNTRIES BY PROVIDING CUSTOMIZED INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY, PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY

Activities or mission (Part I)

OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS

  • 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, PAKISTAN, RWANDA, ETHIOPIA,UGANDA, NIGERIA, ZAMBIA, AND BANGLADESH.

    Expenses $7,211,775 · Revenue $277,809

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • HEINRICH BAUMANN

    MANAGING DIRECTOR & TREASURER

    Total calculated
    $246,132
    From this org
    $238,963
    From related orgs
    $0
    Other
    $7,169
    Hours/week
    32

    Schedule J breakdown matched by us

    Base
    $238,963
    Bonus
    $0
    Other
    $0
    Deferred
    $7,169
    Nontaxable benefits
    $0
    Filer's total
    $246,132

  • OWEN BARDER

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $207,605
    From this org
    $188,732
    From related orgs
    $0
    Other
    $18,873
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $188,732
    Bonus
    $0
    Other
    $0
    Deferred
    $18,873
    Nontaxable benefits
    $0
    Filer's total
    $207,605

  • TOMOKO HARIGAYA

    CHIEF ECONOMIST & DIRECTOR OF RESEARCH

    Total calculated
    $147,996
    From this org
    $143,685
    From related orgs
    $0
    Other
    $4,311
    Hours/week
    40

  • JONATHAN LEHE

    CHIEF STRATEGIST

    Total calculated
    $146,068
    From this org
    $141,814
    From related orgs
    $0
    Other
    $4,254
    Hours/week
    40

  • BRIAN KEEFE

    DIRECTOR OF FINANCE

    Total calculated
    $140,536
    From this org
    $136,443
    From related orgs
    $0
    Other
    $4,093
    Hours/week
    40

  • JONATHAN FAULL

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $129,420
    From this org
    $125,650
    From related orgs
    $0
    Other
    $3,770
    Hours/week
    40

  • SARA GODFREY

    SECRETARY AND COO

    Total calculated
    $117,605
    From this org
    $106,914
    From related orgs
    $0
    Other
    $10,691
    Hours/week
    40

  • SHAWN COLE

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    2

  • AMRITA AHUJA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • MICHAEL KREMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE ORGANIZATION USES FORM 990 OF OTHER ORGANIZATIONS AND REQUIRES APPROVAL BY THE BOARD FOR COMPENSATION.

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.

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202343199349314254

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