Nonprofit · EIN 81-0779400
PRECISION DEVELOPMENT INC
Tax-exempt · NEWTON HLDS, MA 02461
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $9,120,743 | $4,706,238 | $4,414,505 | $7,515,206 | $80,456 | $7,434,750 |
| December 31, 2023 | 990 | $6,178,835 | $5,234,047 | $944,788 | $3,194,542 | $170,401 | $3,024,141 |
| December 31, 2022 | 990 (amended) | $4,130,334 | $8,247,333 | -$4,116,999 | $2,251,612 | $156,542 | $2,095,070 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $8,980,621
- Program service revenue
- $85,842
- Investment income
- $44,840
- Other revenue
- $9,440
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $559,738
- Other salaries and wages
- $2,015,793
- Salaries, compensation and benefits (total)
- $2,834,400
- Professional fundraising fees
- $0
- Legal fees
- $31,332
- Accounting fees
- $45,599
- Occupancy
- $42,717
- Travel
- $225,091
- Program services (functional)
- $4,023,993
- Management and general (functional)
- $648,152
- Fundraising (functional)
- $34,093
Balance sheet and other
- Total assets, start of year
- $3,194,542
- Total assets, end of year
- $7,515,206
- Total liabilities, end of year
- $80,456
- Net assets, end of year
- $7,434,750
- Net assets without donor restrictions
- $622,721
- Net assets with donor restrictions
- $6,812,029
- Gross receipts
- $9,120,743
- Employees
- 12
- Volunteers
- 4
- Year formed
- 2015
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OWEN BARDER | CEO UNTIL 3/2024 Officer | 40 | $185,055 | $61,613 |
| SARA GODFREY | SECRETARY AND COO Trustee or director, Officer | 40 | $175,025 | $47,190 |
| TOMOKO HARIGAYA | CHIEF ECONOMIST & DIRECTOR Highest-paid employee | 40 | $185,055 | $29,899 |
| JONATHAN LEHE | CHIEF STRATEGIST Highest-paid employee | 40 | $153,428 | $0 |
| ALEXANDER RAMIREZ | HEAD OF SOFTWARE DEVELOPMENT Highest-paid employee | 40 | $122,500 | $0 |
| DAVID SEARS | CHIEF FINANCIAL OFFICER Officer | 40 | $110,795 | $0 |
| NIRIKSHA SHETTY | CEO Officer | 40 | $89,710 | $1,145 |
| SHAWN COLE | INTERIM TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| AMRITA AHUJA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL KREMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JINU KOOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| OWEN BARDER | CHIEF EXECUTIVE OFFICER Officer | 40 | $224,927 | $22,600 |
| TOMOKO HARIGAYA | CHIEF ECONOMIST & DIRECTOR Highest-paid employee | 40 | $166,250 | $29,149 |
| SARA GODFREY | SECRETARY AND COO Trustee or director, Officer | 40 | $175,025 | $17,386 |
| JONATHAN LEHE | CHIEF STRATEGIST Highest-paid employee | 40 | $147,027 | $0 |
| ALEXANDER RAMIREZ | HEAD OF SOFTWARE DEVELOPMENT Highest-paid employee | 40 | $122,500 | $5,512 |
| CLAUDIA CARBAJAL | SPECIAL PROJECTS LEAD Highest-paid employee | 40 | $103,481 | $18,750 |
| NICHOLAS MILNE | DEVELOPMENT DIRECTOR Highest-paid employee | 40 | $107,830 | $4,249 |
| SHAWN COLE | BOARD CHAIR/INTERIM TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| AMRITA AHUJA | CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| HEINRICH BAUMANN | TREASURER UNTIL 7/2023/DIRECTOR Trustee or director, Officer | 2 | $0 | $0 |
| MICHAEL KREMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JINU KOOLA | DIRECTOR Trustee or director | 2 | $0 | $0 |
990 for the year ended December 31, 2022: 10 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| HEINRICH BAUMANN | MANAGING DIRECTOR & TREASU Trustee or director, Officer | 32 | $238,963 | $7,169 |
| OWEN BARDER | CHIEF EXECUTIVE OFFICER Officer | 40 | $188,732 | $18,873 |
| TOMOKO HARIGAYA | CHIEF ECONOMIST & DIRECTOR Highest-paid employee | 40 | $143,685 | $4,311 |
| JONATHAN LEHE | CHIEF STRATEGIST Highest-paid employee | 40 | $141,814 | $4,254 |
| BRIAN KEEFE | DIRECTOR OF FINANCE Highest-paid employee | 40 | $136,443 | $4,093 |
| JONATHAN FAULL | DIRECTOR OF COMMUNICATIONS Highest-paid employee | 40 | $126,650 | $3,770 |
| SARA GODFREY | SECRETARY AND COO Trustee or director, Officer | 40 | $106,914 | $10,691 |
| SHAWN COLE | BOARD CHAIR Trustee or director, Officer | 2 | $0 | $0 |
| AMRITA AHUJA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MICHAEL KREMER | DIRECTOR Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 610226, NEWTON HLDS, MA 02461-0226
- Mailing address (990-N for 2015)
- The Pilot House Lewis Wharf, Boston MA 02110
- Principal officer (990 for 2024)
- NIRIKSHA SHETTY, 1150 WALNUT STREET 2ND FLOOR, NEWTON, MA 02461
- Principal officer (990-N for 2015)
- Heinrich Baumann, The Pilot House Lewis Wharf, Boston MA 02110
- Signed the 990
- NIRIKSHA SHETTY, CHIEF EXECUTIVE OFFICER
- Phone
- (617) 854-3534
- Website
- precisionag.org
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS IN DEVELOPING COUNTRIES BY PROVIDING CUSTOMIZED INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY, PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY
Program accomplishments
- PRECISION DEVELOPMENT(PXD) IS A NON-PROFIT ORGANIZATION WITH A MISSION TO SUPPORT PEOPLE LIVING IN EXTREME POVERTY BY PROVIDING CUSTOMIZED DIGITAL INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY, PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY. WE ARE PIONEERING A NEW MODEL FOR DIGITAL DEVELOPMENT: REACHING SMALLHOLDER FARMERS AND OTHER USERS WITH PERSONALIZED ADVICE THROUGH THEIR MOBILE PHONES. WE COLLABORATE WITH IN-COUNTRY PARTNERS, GOVERNMENTS, AND MULTILATERAL INSTITUTIONS TO REACH USERS AT SCALE WITH MOBILE-BASED PERSONALIZEDADVICE, AND GATHER EVIDENCE OF ITS IMPACT.USING TWO-WAY COMMUNICATION AND INFORMATION AGGREGATION, WE OFFER OUR USERS VALUABLE AND PRACTICAL INFORMATION, CUSTOMIZED TO THEIR GEOGRAPHY, MARKET, AND CHARACTERISTICS. PXD INCORPORATES INSIGHTS FROM BEHAVIORAL ECONOMICS, HUMAN-CENTERED DESIGN, AND SOCIAL LEARNINGTHEORY, AND MAKES USE OF A/B TESTING AND DATA SCIENCE TO IDENTIFY WHAT TYPES OF INFORMATION AND DELIVERY MECHANISMS WORK BEST FOR OUR USERS.PXD NOW HAS OPERATIONS IN INDIA, KENYA, AND ETHIOPIA.Expenses $4,023,993 · revenue $85,842
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 81-0779400
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2016
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- International, foreign affairs and national security (Q30)
- Assets (IRS master file)
- $7,515,206
- Income (IRS master file)
- $9,120,743
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $9,120,743 | $4,706,238 | $7,515,206 | XML |
| 990 | December 2023 | $6,178,835 | $5,234,047 | $3,194,542 | XML |
| 990 | December 2022 | $4,130,334 | $8,247,333 | $2,251,612 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990-N for 2015 Officer: Heinrich Baumann | December 31, 2015 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 81-0779400).
Questions about PRECISION DEVELOPMENT INC
- What is the EIN of PRECISION DEVELOPMENT INC?
- The employer identification number (EIN) of PRECISION DEVELOPMENT INC is 81-0779400.
- Is PRECISION DEVELOPMENT INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2016.
- Are donations to PRECISION DEVELOPMENT INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PRECISION DEVELOPMENT INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PRECISION DEVELOPMENT INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PRECISION DEVELOPMENT INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PRECISION DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 names NIRIKSHA SHETTY.
- Who are the officers and directors of PRECISION DEVELOPMENT INC?
- The 990 for the year ended December 31, 2024 lists 11 people; 7 received compensation from the organization, the highest $185,055 (OWEN BARDER, CEO UNTIL 3/2024).
- How much revenue does PRECISION DEVELOPMENT INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $9,120,743, expenses of $4,706,238 and total assets of $7,515,206 at year end.
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