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Precious Project Inc

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Fund Raising and/or Fund Distribution (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$570k (2023)

Expenses
$1.02M (2023)

Total Assets
$851k (2023)

Total Liabilities
$13.6k (2023)

Source: Form 990 tax filings from 2014 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$569,776
Expenses
$1,024,944
Net Income
-$455,168
Net Assets
$837,152
Notable Sources of Revenue Percent of Total Revenue
Contributions $569,157
99.9%
Program Services $0
Investment Income $619
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $192,461
18.8%
Assets/Debt
Total Assets $850,723
Total Liabilities $13,571
Net Assets $837,152
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (President) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Charles Phillips (Chair) $0 $0 $0
Jules Clark (Director) $0 $0 $0
Barbara Hazard (Director) $0 $0 $0
James Logan (Clerk) $0 $0 $0
David Thiel (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,115,904
Expenses
$862,683
Net Income
$253,221
Net Assets
$1,292,320
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,115,533
100.0%
Program Services $0
Investment Income $371
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $187,191
21.7%
Assets/Debt
Total Assets $1,303,082
Total Liabilities $10,762
Net Assets $1,292,320
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (President) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Charles Phillips (Chair) $0 $0 $0
Jules Clark (Director) $0 $0 $0
Barbara Hazard (Director) $0 $0 $0
Jim Logan (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,212,257
Expenses
$1,607,929
Net Income
-$395,672
Net Assets
$1,039,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,185,295
97.8%
Program Services $0
Investment Income $899
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,063
2.1%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $145,819
9.1%
Assets/Debt
Total Assets $1,048,612
Total Liabilities $9,513
Net Assets $1,039,099
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (President) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Charles Phillips (Chair) $0 $0 $0
Jules Clark (Director) $0 $0 $0
Barbara Hazard (Director) $0 $0 $0
Jim Logan (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,360,577
Expenses
$1,222,209
Net Income
$138,368
Net Assets
$1,434,771
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,354,935
99.6%
Program Services $0
Investment Income $5,642
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $162,713
13.3%
Assets/Debt
Total Assets $1,445,891
Total Liabilities $11,120
Net Assets $1,434,771
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (President) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Charles Phillips (Chair) $0 $0 $0
Ed Wood (Clerk (In Memoriam)) $0 $0 $0
Jules Clark (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,102,737
Expenses
$678,393
Net Income
$424,344
Net Assets
$1,296,403
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,092,536
99.1%
Program Services $0
Investment Income $10,201
0.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $143,325
21.1%
Assets/Debt
Total Assets $1,297,695
Total Liabilities $1,292
Net Assets $1,296,403
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (President) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Charles Phillips (Chair) $0 $0 $0
Ed Wood (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$802,460
Expenses
$489,101
Net Income
$313,359
Net Assets
$954,559
Notable Sources of Revenue Percent of Total Revenue
Contributions $798,193
99.5%
Program Services $0
Investment Income $4,267
0.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $118,498
24.2%
Assets/Debt
Total Assets $955,736
Total Liabilities $1,177
Net Assets $954,559
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/ President) $0 $0 $0
Elliot Kronstein (Chair) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Valerie Imparato (Secretary (Through May 2018)) $0 $0 $0
Charles Phillips (Director) $0 $0 $0
Ed Wood (Director) $0 $0 $0
Adi Hod (Director (Through Nov 2018)) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$455,224
Expenses
$326,374
Net Income
$128,850
Net Assets
$641,200
Notable Sources of Revenue Percent of Total Revenue
Contributions $455,109
100.0%
Program Services $0
Investment Income $115
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $102,292
31.3%
Assets/Debt
Total Assets $641,200
Total Liabilities $0
Net Assets $641,200
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (Chair) $0 $0 $0
Susanne Rheault Williams (Co Founder/Director) $0 $0 $0
Matthew Gardner (Treasurer) $0 $0 $0
Lori Martini (Director) $0 $0 $0
Charles Phillips (Director) $0 $0 $0
Ed Wood (Director) $0 $0 $0
Adi Hod (Director) $0 $0 $0
Valerie Prosper Imparato (Clerk) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$637,205
Expenses
$240,594
Net Income
$396,611
Net Assets
$524,350
Notable Sources of Revenue Percent of Total Revenue
Contributions $637,090
100.0%
Program Services $0
Investment Income $115
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $9,700
4.0%
Other Salaries and Wages $48,673
20.2%
Assets/Debt
Total Assets $531,705
Total Liabilities $7,355
Net Assets $524,350
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (Co Founder/Director) $0 $0 $0
Elliot Kronstein (Chair/Treasurer) $0 $0 $0
Susanne Rheault (Co Founder/Clerk) $0 $0 $0
May Baldwin (Director) $0 $0 $0
Matthew Gardner (Director) $0 $0 $0
Charles Phillips (Director) $0 $0 $0
W Ed Wood (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$359,331
Expenses
$322,605
Net Income
$36,726
Net Assets
$127,739
Notable Sources of Revenue Percent of Total Revenue
Contributions $359,331
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $3,000
0.9%
Assets/Debt
Total Assets $127,739
Total Liabilities $0
Net Assets $127,739
Compensation
Key Employees and Officers Compensation Related Other
Gilbert Williams (President) $0 $0 $0
Elliot Kronstein (Chairman/Treasurer) $0 $0 $0
Susanne Rheault (Clerk) $0 $0 $0
May Baldwin (Director) $0 $0 $0
Matthew Gardner (Director) $0 $0 $0
Charles Phillips (Director) $0 $0 $0
W Ed Wood (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from 990-EZ
Revenue
$91,086
Expenses
$73
Net Income
$91,013
Net Assets
$91,013
Notable Sources of Revenue Percent of Total Revenue
Contributions $88,935
97.6%
Program Services $2,151
2.4%
Investment Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Assets/Debt
Total Assets $91,013
Total Liabilities $0
Net Assets $91,013

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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Types of Nonprofits

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