BBB Wise Giving Report for
PRASAD Project

BBB Wise Giving Report issued March 2012
BBB Wise Giving Report expires February 2013


Does not meet one or more standards
This charity does not meet one or more of the 20 standards for Charity Accountability. Find out more...


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Charity Contact Information

Name: PRASAD Project
Address: 465 Brickman Rd
  Hurleyville, NY 12747
Phone: 845-434-0376
Web Address: www.prasad.org
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BBB Wise Giving Alliance Comments

Year, State Incorporated: 1992, New York
Affiliates: None
Stated Purpose: “to benefit children and communities in need, regardless of race or belief.”

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Evaluation Conclusions

               

PRASAD Project does not meet the following 3 Standards for Charity Accountability.

Standard 1: Oversight of Operations and Staff - Organizations shall have a board of directors that provides adequate oversight of the charity's operations and its staff. Indication of adequate oversight includes, but is not limited to, regularly scheduled appraisals of the CEO's performance, evidence of disbursement controls such as board approval of the budget, fund raising practices, establishment of a conflict of interest policy, and establishment of accounting procedures sufficient to safeguard charity finances.

PRASAD Project does not meet this Standard because its board of directors does not:

  • Review the performance of the chief executive officer at least once every two years.
  • Have a voting member of the board who is assigned the responsibility of serving as the treasurer. In general, the board’s treasurer helps provide independent oversight of the organization’s finances.

Standard 2: Number of Board Members - Soliciting organizations shall have a board of directors with a minimum of five voting members.

PRASAD Project does not meet this Standard because:

  • The organization has 3 voting members of the board.

Standard 7: Board Approval of Written Report on Effectiveness - Submit to the organization's governing body, for its approval, a written report that outlines the results of the aforementioned performance and effectiveness assessment and recommendations for future actions.

PRASAD Project does not meet this Standard because:

  • The organization has not completed an assessment in the past two years.  Even if an assessment has been conducted in the past, it has to have been conducted in the last two years to meet the Standard. 
PRASAD Project meets the remaining 17 Standards for Charity Accountability.
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Programs

               

PRASAD Project is the global umbrella organization for a network of national PRASAD entities which operate health and development programs in India, Mexico and the United States of America. PRASAD Project works to assist communities around the world through programs in health, education, sustainable development and disaster relief. In India, the areas of focus are medical (including HIV, cataracts, tuberculosis, maternal child health) community development and self help groups. In the US, preventative and restorative dental care and dental education are the focus. In Mexico, the program sponsors eye camps for cataracts and eye care.

For the year ended December 31, 2009, PRASAD Project's program expenses were:

  
Sullivan County Dental 235,252
Tansa Valley India 220,374
Constituency education 116,032
Mexico and other affiliates 89,449
Total Program Expenses: $661,107
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Governance

               

Chief Executive : Linda Hindes, Finance Director
Compensation*:
 $55,524

Chair of the Board: Frederic Dacqmine
Chair's Profession / Business Affiliation: Owner, Effective Executive Coaching

Board Size: 3

Paid Staff Size: 7

*2009 compensation includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
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Fund Raising

               

Method(s) Used:

Telemarketing, special events, Internet appeals, and membership appeals.
Fund raising costs were 6% of related contributions. (Related contributions, which totaled $739,403, are donations received as a result of fund raising activities.)
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Tax Status

               

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
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Financial

               

The following information is based on PRASAD Project's audited financial statements for the year ended December 31, 2009.

Source of Funds  
Contributions 733,403
Investment income (net) 253,367
Donated services 6,000
Interest and dividend income 339
Other income 60
Total Income $993,169


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Uses of Funds as a % of Total Expenses

Programs: 87%  Fund Raising: 6%  Administrative: 7% 

Total income   $993,169
  Program expenses $661,107
  Fund raising expenses 48,042
  Administrative expenses 49,558
 
Total expenses   $758,707
Income in Excess of Expenses   234,462
Beginning net assets   1,398,352
Ending net assets   1,632,814
Total liabilities   37,316
Total assets   $1,670,130


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An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the BBB Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the Council of Better Business Bureaus, Inc.

This report is not to be used for fund raising or promotional purposes.

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