Pratham Usa
- Assets
- $25.2m
- Revenue
- $25.5m
- Investments
- $0.0
- Employees
- 22
- Location
- Houston, TX
- Founding
- 09/2004
- Data as of
- 12/2021
- EIN
- 76-0620808
Organization Overview
Pratham Usa is located in Houston, TX. The organization was established in 2004. According to its NTEE Classification (T30) the organization is classified as: Public Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 12/2021, Pratham USA employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pratham USA is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Pratham USA generated $25.5m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $20.9m during the year ending 12/2021. While expenses have increased by 2.1% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO SUPPORT PRATHAM EDUCATION FOUNDATION IN ITS MISSION OF IMPROVING CHILD LITERACY IN INDIA, INCREASING VOCATIONAL SKILLS AND SUPPORTING WOMEN TO COMPLETE THEIR EDUCATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION PROGRAM FOCUSES ON THREE MAJOR AGE GROUPS OF CHILDREN: IN THEIR EARLY YEARS (AGES 3-8) BY HELPING CHILDREN PREPARE FOR SCHOOL; IN PRIMARY SCHOOL YEARS (AGES 8-10) BY DEVELOPING READING, WRITING AND NUMERACY SKILLS THROUGH FUN, HANDS-ON ACTIVITIES THAT HAVE BEEN SHOWN TO IMPROVE LEARNING DRASTICALLY; AND MIDDLE AND HIGH SCHOOL YEARS (AGES 11-18) IN BUILDING THEIR SKILLS FOR SCHOOL, WORK AND LIFE. PRATHAM'S WORK IS BOTH IN SCHOOL AND COMMUNITIES. IN ADDITION, PRATHAM ALSO WORKS WITH LOCAL GOVERNMENTS TO TRANSFER THE KNOW-HOW AND SUPPORTING LEARNING FOR MILLIONS OF CHILDREN.
THE VOCATIONAL SKILLS TRAINING PROGRAM PREPARES INDIA'S YOUTH FOR SUCCESS BY TEACHING RELEVANT SKILLS FOR TODAY. THE PROGRAM TAKES YOUTH AND PUTS THEM THROUGH VIRTUAL AND HANDS ON TRAINING THAT IS OFFERED ACROSS MULTIPLE INDUSTRIES - HOSPITALITY, CONSTRUCTION, AUTOMOTIVE TRAINING, BEDSIDE ASSISTANCE, ETC. THE PROGRAM ALSO OFFERS ENTREPRENEURSHIP SUPPORT FOR THOSE WHO WISH TO START THEIR OWN MICRO ENTERPRISES.
PRATHAM PIVOTED TEMPORARILY IN 2021 TO RESPOND TO THE CRISIS CAUSED BY THE COVID-19 PANDEMIC. PRATHAM RAISED FUNDS TO DIRECTLY PUPRCHASE AND SHIP OXYGEN CONCENTRATORS TO INDIA TO PROVIDE RELIEF DURING THE PANDEMIC. ADDITIONALLY, PRATHAM PROVIDED COVID EDUCATION AND DIGITAL TOOLS TO BRIDGE THE EDUCATIONAL GAP CAUSED BY SCHOOL CLOSURES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Venkatachalam Bala Executive Director | Officer | 40 | $210,417 |
Bharti Manisha CEO & Global Executive | Officer | 40 | $160,985 |
Singh Khushmanjit Development Director | 40 | $150,000 | |
Bajaj Nitin Director Of Marketing & Strategy | 40 | $116,477 | |
Salvi Vineeta Development Director | 40 | $110,250 | |
Raj Deepak Executive Chairman And Director | OfficerTrustee | 15 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sarita Gupta Fundraising And Donor Development | 12/30/21 | $131,612 |
Lakshmi Karanth Corporate Partnership Strategy | 12/30/21 | $150,000 |
Janak Service Corp Event Management | 12/30/21 | $125,905 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $1,447,034 |
| Related organizations | $0 |
| Government grants | $262,300 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,746,552 |
| Noncash contributions included in lines 1a–1f | $541,487 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,455,886 |
| Total Program Service Revenue | $138,430 |
| Investment income | $16 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $3,824 |
| Net Income from Fundraising Events | -$88,445 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $25,510,214 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $16,990,864 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $371,402 |
| Compensation of current officers, directors, key employees. | $58,523 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,197,857 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $84,061 |
| Payroll taxes | $126,523 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $39,266 |
| Fees for services: Accounting | $56,239 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,361,598 |
| Advertising and promotion | $2,845 |
| Office expenses | $131,834 |
| Information technology | $74,148 |
| Royalties | $0 |
| Occupancy | $42,382 |
| Travel | $56,922 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $140 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,972 |
| Insurance | $9,581 |
| All other expenses | $0 |
| Total functional expenses | $20,892,723 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $16,942,896 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $8,079,920 |
| Accounts receivable, net | $69,448 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $86,696 |
| Net Land, buildings, and equipment | $23,367 |
| Investments—publicly traded securities | $21,401 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $25,223,728 |
| Accounts payable and accrued expenses | $206,165 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $206,165 |
| Net assets without donor restrictions | $5,701,861 |
| Net assets with donor restrictions | $19,315,702 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $25,223,728 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Pratham Usa has recieved totaling $200,000.
| Awarding Organization | Amount |
|---|---|
The Katherine M Agarwal And Kamal Agarwal Family Foundation Reston, VA PURPOSE: CHARITABLE CONTRIBUTION | $100,000 |
Foundation Source 1410 Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $35,000 |
Pratima And Vikrant Raina Family Foundation West Newton, MA PURPOSE: GENERAL SUPPORT | $25,000 |
Sanger Family Foundation Inc Miami Beach, FL PURPOSE: CHILDREN'S RIGHT TO EDUCATE | $17,500 |
Quinn Emanuel Foundation Los Angeles, CA PURPOSE: CHARITABLE | $15,000 |
Durfee Family Foundation Annapolis, MD PURPOSE: TO FURTHER CHARITABLE CAUSE | $7,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
W W Caruth Jr Foundation Dallas, TX | $444,705,321 | $32,925,098 |
Dallas Center For The Performing Arts Foundation Inc Dallas, TX | $209,822,251 | $21,963,048 |
Houston Parks Board Houston, TX | $62,239,000 | $18,357,527 |
Fossil Foundation Richardson, TX | $2,468,423 | $514,916 |
Pratham Usa Houston, TX | $25,223,728 | $25,510,214 |
Lsu Health Sciences Foundation In Shreveport Shreveport, LA | $312,345,482 | $53,948,217 |
Amarillo Area Foundation Inc Amarillo, TX | $153,231,166 | $11,027,021 |
University Of North Texas Foundation Inc Denton, TX | $307,856,436 | $18,135,985 |
Soi Dog Houston, TX | $2,898,470 | $10,171,466 |
The Livestrong Foundation Austin, TX | $32,201,486 | $2,234,840 |
Adopt A Platoon San Benito, TX | $2,311,218 | $7,326,430 |
Emerge Center Inc Baton Rouge, LA | $1,893,812 | $1,088,912 |