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Nonprofiteer
← PROXIMITY DESIGNS

Form 990 for tax year 2023

Filed by PROXIMITY DESIGNS.

Totals

Total revenue
$7,135,171
Total expenses
$5,562,629
Contributions and grants received
$5,329,483
Grants paid
$0
Program service revenue
$1,593,378
Investment income
$166,351
Other revenue
$45,959
Total assets, end of year
$22,880,173
Total liabilities, end of year
$266,521
Net assets or fund balances, end of year
$22,613,652
Program services expenses (Part IX)
$4,798,172
Management and general expenses
$527,750
Fundraising expenses
$236,707
Program service expenses (Part III)
$4,798,172

Program services were 86.3% 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)

    $575,499

  • 1f · All other contributions, gifts and grants

    $4,753,984

  • 2a · Program service revenue: PRODUCT SALES INC

    total $1,593,378 · related or exempt $1,593,378

  • 3 · Investment income

    total $166,351 · excluded $166,351

  • 11a · Other revenue: OTHER

    total $45,959 · excluded $45,959

  • 11e · Other revenue, total

    $45,959

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $263,016 · management and general $236,883 · fundraising $26,133

  • 7 · Other salaries and wages

    total $2,145,266 · program services $1,975,558 · management and general $143,971 · fundraising $25,737

  • 8 · Pension plan contributions

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

  • 9 · Other employee benefits

    total $250,345 · program services $245,183 · management and general $2,783 · fundraising $2,379

  • 10 · Payroll taxes

    total $23,878 · program services $4,951 · management and general $18,927

  • 11b · Fees: legal

    total $47,155 · program services $47,155

  • 11c · Fees: accounting

    total $23,133 · program services $23,133

  • 12 · Advertising and promotion

    total $137,120 · program services $136,959 · management and general $161

  • 13 · Office expenses

    total $211,605 · program services $209,428 · management and general $733 · fundraising $1,444

  • 14 · Information technology

    total $10,788 · program services $10,788

  • 16 · Occupancy

    total $163,528 · program services $138,464 · management and general $25,064

  • 17 · Travel

    total $136,297 · program services $134,693 · management and general $330 · fundraising $1,274

  • 19 · Conferences, conventions and meetings

    total $76,706 · program services $21,769 · management and general $31,785 · fundraising $23,152

  • 24a · Other expenses: PRODUCTION

    total $1,321,996 · program services $1,321,996

  • 24b · Other expenses: OTHER PROFESSIONAL SERV

    total $590,807 · program services $413,022 · management and general $21,859 · fundraising $155,926

  • 24c · Other expenses: MATERIALS AND SUPPLIES

    total $40,797 · program services $40,196 · management and general $396 · fundraising $205

  • 24e · All other expenses

    total $98,592 · program services $74,877 · management and general $23,258 · fundraising $457

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $655,155 · end of year $1,123,270

  • 2 · Savings and temporary cash investments

    beginning of year $8,872,290 · end of year $9,115,399

  • 3 · Pledges and grants receivable

    beginning of year $1,766,234 · end of year $1,789,249

  • 4 · Accounts receivable

    beginning of year $219,558 · end of year $247,009

  • 8 · Inventories for sale or use

    beginning of year $424,681 · end of year $913,737

  • 9 · Prepaid expenses and deferred charges

    beginning of year $127,378 · end of year $110,153

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

    $862,977

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

    $759,068

  • 10c · Land, buildings and equipment, net

    beginning of year $78,462 · end of year $103,909

  • 13 · Investments: program-related

    beginning of year $9,451,814 · end of year $9,451,814

  • 14 · Intangible assets

    beginning of year $9,204 · end of year $25,633

  • 17 · Accounts payable and accrued expenses

    beginning of year $148,743 · end of year $266,521

  • 27 · Net assets without donor restrictions

    beginning of year $12,903,356 · end of year $14,060,975

  • 28 · Net assets with donor restrictions

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

Mission and programs · 2023

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 $4,798,172 · Revenue $1,593,378

As filed on the 2023 return.

Listed in Part VII

  • James D Taylor

    DIRECTOR/CHIEF EXECUTIVE O

    Total calculated
    $142,308
    From this org
    $123,240
    From related orgs
    $8,268
    Other
    $10,800
    Hours/week
    40
  • Debbie Taylor

    DIRECTOR

    Total calculated
    $142,308
    From this org
    $123,240
    From related orgs
    $8,268
    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.

Related corporations and trusts

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

  • PROXIMITY FINANCE MICROFINANCE COMPANY LTD

    C · MICROFINANCE · BM · 100% owned · controlled entity

    Directly controlled by PROXIMITY DESIGNS

  • PROXIMITY HOLDING COMPANY PTE LTD

    C · MICROFINANCE · SN · 41% owned · controlled entity

    Directly controlled by PROXIMITY DESIGNS

  • TUN YAT LIMITED

    C · FARMING MACHINERY SERVICE · BM · 10.42% owned · controlled entity

    Directly controlled by PROXIMITY DESIGNS

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202511359349308786

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