2023-11-15T15:07:50-06:00 2022-12-31 420714325 RSM US LLP 201 FIRST ST SE STE 800 CEDAR RAPIDS IA 524011425 990 2022-01-01 760620808 PRATHAM USA PRAT 7137749599 9703 RICHMOND AVENUE SUITE 102 HOUSTON TX 77042 MANISHA BHARTI CEO & GLOBAL EXECUTIVE 7137749599 2023-11-15 1 MANISHA BHARTI XXX-XX-XXXX 0 SHAWNA HULS P01315330 3192985333 2023-11-15 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z MANISHA BHARTI 9703 RICHMOND AVENUE SUITE 102 HOUSTON TX 77042 23958270 0 X WWW.PRATHAMUSA.ORG X 1999 TX PRATHAM USA'S PRIMARY OBJECTIVES ARE RAISING FUNDS TO SUPPORT PRATHAM'S EDUCATIONAL, VOCATIONAL TRAINING AND RELATED ACTIVITIES, PROVIDING GUIDANCE ON THE USE OF PRATHAM USA FUNDS BY PRATHAM, INCREASING AWARENESS OF THE PROBLEMS OF THE UNDERPRIVILEGED IN THE COUNTRIES SERVED BY PRATHAM, OVERSEEING THE DEVELOPMENT AND USE OF THE PRATHAM USA BRAND, AND PROVIDING AND PROMOTING VARIOUS EDUCATIONAL, TRAINING, AND RELATED ACTIVITIES IN INDIA AND OTHER PARTS OF THE WORLD. 27 27 30 325 0 0 25455886 22618199 138430 140470 3840 52482 -87942 -316513 25510214 22494638 16990864 19159488 0 0 1779843 2604959 0 0 4159023 2122016 4234249 20892723 25998696 4617491 -3504058 25223728 29484150 206165 7829384 25017563 21654766 X PRATHAM USA'S PRIMARY OBJECTIVES ARE RAISING FUNDS TO SUPPORT PRATHAM'S EDUCATIONAL, VOCATIONAL TRAINING AND RELATED ACTIVITIES, PROVIDING GUIDANCE ON THE USE OF PRATHAM USA FUNDS BY PRATHAM, INCREASING AWARENESS OF THE PROBLEMS OF THE UNDERPRIVILEGED IN THE COUNTRIES SERVED BY PRATHAM, OVERSEEING THE DEVELOPMENT AND USE OF THE PRATHAM USA BRAND, AND PROVIDING AND PROMOTING VARIOUS EDUCATIONAL, TRAINING, AND RELATED ACTIVITIES IN INDIA AND OTHER PARTS OF THE WORLD. 0 1 9385794 9385794 0 PRATHAM'S EDUCATION PROGRAMS FOCUS 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 ENGAGING, 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 SCHOOLS AND COMMUNITIES. IN ADDITION, PRATHAM ALSO WORKS WITH LOCAL GOVERNMENTS TO TRANSFER KNOW-HOW AND TO SUPPORT LEARNING FOR MILLIONS OF CHILDREN. 4720415 4530279 0 PRATHAM HAS BEEN EXPLORING HOW TECHNOLOGY CAN AUGMENT OUR EXISTING PROGRAMS, HELP CHILDREN SUSTAIN THE PROGRESS THEY'VE MADE, AND ENABLE STUDENTS TO BECOME LEARNERS OUTSIDE OF SCHOOL. USING CONTINUOUS DATA ANALYSIS TO DETERMINE WHAT CONTENT IS RELEVANT AND ENGAGING, OUR GOAL IS TO DEVELOP VIABLE STUDENT-FOCUSED MODELS THAT CAN ACCOMPANY MORE TRADITIONAL TEACHER-CENTRIC APPROACHES TO SCALE PRATHAM'S METHODOLOGIES ACROSS INDIA'S SCHOOL-AGE POPULATION. 2469128 2469128 0 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 OFFERED ACROSS MULTIPLE INDUSTRIES: HOSPITALITY, CONSTRUCTION, AUTOMOTIVE, BEDSIDE ASSISTANCE, ETC. THE PROGRAM ALSO OFFERS ENTREPRENEURSHIP SUPPORT FOR THOSE WHO WISH TO START THEIR OWN MICRO ENTERPRISES. 1775000 1775000 ASER: PRATHAM'S ANNUAL STATUS OF EDUCATION REPORT (ASER) MEASURES BASIC LITERACY AND NUMERACY SKILLS, REVEALING THE UNSPOKEN PROBLEM THAT SCHOOL ENROLLMENT DOES NOT AUTOMATICALLY TRANSLATE INTO LEARNING. DESPITE INDIA ACHIEVING 97% SCHOOL ENROLLMENT, POOR ATTENDANCE, OVERSIZED CLASSES, AND ANTIQUATED TEACHING METHODS HAVE LED TO A LEARNING CRISIS. THE DATA WE'VE COLLECTED SINCE 2005 THROUGH OUR NATIONWIDE SURVEYS HAS BECOME AN ESSENTIAL REFERENCE GUIDE FOR THE REAL STATUS OF CHILDREN'S LEARNING ACROSS THE COUNTRY. OUR DATA ENABLES CITIZENS TO DEMAND ACTION AND GOVERNMENTS TO MAKE INFORMED DECISIONS. 863429 12486 140470 PRATHAM'S TEACHING AT THE RIGHT LEVEL (TARL) PROGRAM BUILDS FOUNDATIONAL READING AND MATH SKILLS IN PRIMARY SCHOOL CHILDREN. THIS PROGRAM, WHICH HAS BEEN TRIED AND TESTED FOR SEVERAL YEARS IN INDIA, IS NOW BEING REPLICATED IN PARTNERSHIP WITH THE ABDUL LATIF JAMEEL POVERTY ACTION LAB (J-PAL) IN A FEW COUNTRIES IN AFRICA. PRATHAM IS THE TECHNICAL PARTNER SUPPORTING GOVERNMENTS AND LOCAL ORGANIZATIONS IN AFRICA IN THE IMPLEMENTATION OF THE TARL METHOD. 986801 986801 AMOUNTS RAISED FOR PCVC AND OTHER PROGRAMS, AND FOR GENERAL OPERATING SUPPORT OF PRATHAM EDUCATION FOUNDATION 3625230 2774287 140470 20200567 1 1 0 0 0 0 0 0 0 1 1 0 0 0 0 1 1 0 0 1 1 1 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 56 0 1 30 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 27 27 1 0 0 0 0 0 0 1 1 0 1 1 1 1 1 1 1 1 1 1 0 TX X X VIKAS BAHL 7137749599 9703 RICHMOND AVENUE SUITE 102 HOUSTON TX 77042 RAJ DEEPAK EXECUTIVE CHAIRMAN AND DIRECTOR 15.00 X X 0 0 0 JAIN SWATANTRA CFO AND DIRECTOR 2.00 X X 0 0 0 ACHARYA VIRAL DIRECTOR 1.00 X 0 0 0 AHUJA AVINASH DIRECTOR 0.25 X 0 0 0 ARORA SUDESH DIRECTOR 0.25 X 0 0 0 DEVITRE DINYAR DIRECTOR 10.00 X 0 0 0 GORADIA HEMANT DIRECTOR 0.25 X 0 0 0 GORADIA MARIE DIRECTOR 0.25 X 0 0 0 GULATI SHEILA DIRECTOR 0.25 X 0 0 0 GUPTA SUREN DIRECTOR 0.25 X 0 0 0 JAISINGHANI SUMEET DIRECTOR 0.25 X 0 0 0 KHANNA JAIDEEP DIRECTOR 2.00 X 0 0 0 KHOSA RATTAN DIRECTOR 0.25 X 0 0 0 KHOSLA VICTOR DIRECTOR 1.00 X 0 0 0 PALIWAL ILA DIRECTOR 1.00 X 0 0 0 PANDIAN PAUL DIRECTOR 0.25 X 0 0 0 SABOO JAI VARDHAN DIRECTOR 2.00 X 0 0 0 SANGER ARVIND DIRECTOR 1.00 X 0 0 0 SARMA ADARSH DIRECTOR 0.25 X 0 0 0 SETHIA DHIREN DIRECTOR 4.00 X 0 0 0 SHAH NEHA DIRECTOR 0.25 X 0 0 0 SHAH RAJ DIRECTOR 0.50 X 0 0 0 SINGH GAGAN DIRECTOR 2.00 X 0 0 0 SINGH MANOJ DIRECTOR 2.00 X 0 0 0 SINGH PRADEEP DIRECTOR 2.00 X 0 0 0 VALANI RIAZ DIRECTOR 0.25 X 0 0 0 ZAKARIA FAREED DIRECTOR 0.25 X 0 0 0 BHARTI MANISHA CEO & GLOBAL EXECUTIVE 40.00 X 489735 0 28696 VENKATACHALAM BALA EXECUTIVE DIRECTOR 40.00 X 220393 0 25272 KARANTH LAKSHMI DIRECTOR OF CORPORATE PARTNERSHIPS 40.00 X 150329 0 0 DHARIWAL PRAGYA DEVELOPMENT 40.00 X 105345 0 2522 GUPTA RADHIKA DIRECTOR OF IND PHILANTHROPY 40.00 X 108567 0 2171 SHAH ROBIN DIRECTOR OF IND PHILANTHROPY 40.00 X 135325 0 2707 1209694 0 61368 6 0 1 0 JOHN DUGGAN 272A WILLESDEN LANE LONDON JS UK NW2 5RB EVENT ASSET MANAGEMENT 250337 VIKAS BAHL 1335 EDENBERRY LANE MISSOURI CITY TX 77459 OPERATIONS MANAGEMENT 152667 HARSHA SHARMA FLAT 338 FLAGSTAFF HOUSE 10 ST GEO LONDON JS UK SW8 2LZ MARKETING SERVICE 135600 YOUR PART-TIME CONTROLLER 1500 WALNUT ST PHILADELPHIA PA 19102 ACCOUNTING SERVICES 132720 CHRISTINA SANKO AALEVEJEN 4 ASSENS DK031 DA 5610 DEVELOPMENT CONSULTANT 126000 6 6954980 150000 15513219 377805 22618199 TEACHING AT THE RIGHT LEVEL 611600 140470 140470 140470 51427 51427 216956 215901 1055 1055 1055 938481 6954980 1247731 -309250 -309250 EXCHANGE GAIN 900099 -7263 -7263 -7263 22494638 140470 0 -264031 12486 12486 19147002 19147002 753669 196280 201565 355824 1597486 84190 315011 1198285 26846 1610 5817 19419 68430 408 27599 40423 158528 16470 36280 105778 56755 56755 248624 248624 1232375 313904 447681 470790 595655 22923 12900 559832 300703 118057 145532 37114 275067 113459 53224 108384 36071 36071 439487 173778 17158 248551 133604 9469 124135 15408 15408 8661 8661 CHAPTER AND EVENT EXPEN 646182 0 1351 644831 CREDIT CARD AND DONATIO 138382 0 0 138382 BAD DEBT 107275 0 0 107275 25998696 20200567 1639106 4159023 16942896 13468832 8079920 9113132 69448 32017 86696 102470 75856 52013 23367 23843 21401 6736920 0 6936 25223728 29484150 206165 187644 7641740 206165 7829384 X 5701861 3509724 19315702 18145042 25017563 21654766 25223728 29484150 -3504058 121261 20000 0 X X 0 1 X 1 0 X 20607530 25019300 23650730 25455886 22618199 117351645 20607530 25019300 23650730 25455886 22618199 117351645 17240769 100110876 46 36 16 51427 51525 352085 287039 639124 503 503 118042797 312300 0.84810 0.83480 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 6500000 138812 0 0 0 6638812 0.00000 1.00000 0.00000 0 0 9713 66143 52013 23843 23843 X 22635899 121261 20000 141261 22494638 0 22494638 25998696 0 25998696 0 25998696 PART V, LINE 4: TO BENEFIT THE OVERALL GOALS OF THE ORGANIZATION PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. IT RECOGNIZES THE IMPACT OF AN UNCERTAIN TAX POSITION ONLY IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITY BASED ON THE TECHNICAL MERITS. THE ORGANIZATION WILL ACCOUNT FOR INTEREST AND PENALTIES RELATING TO UNCERTAIN TAX POSTIIONS IN THE CURRENT PERIOD STATEMENT OF ACTIVITIES, IF NECESSARY. 1 SOUTH ASIA 0 0 GRANTS FOR PROGRAM SERVICES EDUCATION 14616723 SOUTH ASIA 0 0 GRANTS FOR PROGRAM SERVICES DIGITAL TOOLS DEVELOPMENT 4530279 SOUTH ASIA 0 16 PROGRAM SERVICES EDUCATION PROGRAM TRAINING & CAPACITY BUILDING 318364 SUB-SAHARAN AFRICA 0 2 PROGRAM SERVICES EDUCATION PROGRAM TRAINING & CAPACITY BUILDING 218445 MIDDLE EAST AND NORTH AFRICA 1 1 FUNDRAISING 157770 SOUTH ASIA 0 4 PROGRAM SERVICES DIGITAL TOOLS DEVELOPMENT 93623 MIDDLE EAST AND NORTH AFRICA 0 0 PROGRAM SERVICES EDUCATION PROGRAM TRAINING & CAPACITY BUILDING 16078 1 23 0 0 1 23 19951282 0 19951282 SOUTH ASIA EDUCATIONAL PURPOSE 17403385 WIRE TRANSFER 0 N/A N/A SOUTH ASIA EDUCATIONAL PURPOSE 925000 WIRE TRANSFER 0 N/A N/A SOUTH ASIA EDUCATIONAL PURPOSE 50000 WIRE TRANSFER 0 N/A N/A SOUTH ASIA EDUCATIONAL PURPOSE 31000 WIRE TRANSFER 0 N/A N/A SOUTH ASIA COVID RELIEF 737617 WIRE TRANSFER 0 N/A N/A 5 0 0 0 0 0 0 0 PART I, LINE 2: PRATHAM EDUCATION FOUNDATION SHARES AN ANNUAL PLAN ON HOW THE UNRESTRICTED FUNDS RAISED BY PRATHAM USA WILL BE UTILIZED. THE PLAN IS REPORTED AT THE PRATHAM USA BOARD MEETING ON THE ACTUAL FUNDS ALLOCATED / UTILIZED. IN THE CASE OF RESTRICTED FUNDS, THE GRANT AGREEMENTS HAVE SPECIFIC TIMELINES TO REPORT THE PROGRESS AS WELL AS UTILIZATION OF FUNDS. IN ADDITION, THREE PRATHAM USA DIRECTORS SIT ON THE BOARD OF PRATHAM EDUCATION FOUNDATION, AND THEY REVIEW THE OVERALL PROGRESS OF PRATHAM EDUCATION FOUNDATION'S WORK INCLUDING FUNDING AND UTILIZATION. PART III ACCOUNTING METHOD: GALAS 7175495 6291096 884399 288953 383120 266185 215480 EVENTS 717966 663885 54081 38916 43808 2400 8869 7893461 6954981 938480 327869 426928 268585 224349 1247731 -309251 1 PRATHAM INTERNATIONAL 8 THE GREEN SUITE B DOVER DE 19901 920761459 501(C)(3) 0 12486 BOOK SHARES IN PULS SUBSIDIARY (PRIOR TO OPERATIONS COMMENCEMENT) TO SUPPORT GENERAL OPERATIONS 1 0 PART I, LINE 2: MONITORING IS AT THE DISCRETION OF PRATHAM USA AS DEEMED NECESSARY. 1 X X 0 0 0 0 0 0 0 0 0 BHARTI MANISHA CEO & GLOBAL EXECUTIVE 489735 0 0 0 0 0 6100 0 22596 0 518431 0 0 0 VENKATACHALAM BALA EXECUTIVE DIRECTOR 220393 0 0 0 0 0 4507 0 20765 0 245665 0 0 0 KARANTH LAKSHMI DIRECTOR OF CORPORATE PARTNERSHIPS 150329 0 0 0 0 0 0 0 0 0 150329 0 0 0 X 22 292376 FMV X AUCTION ITEMS 9 85429 SELLING PRICE 0 0 1 0 PART I, COLUMN (B): THE ORGANIZATION IS REPORTING THE NUMBER OF CONTRIBUTIONS. FORM 990, PART III, LINE 3 PRATHAM PIVOTED TEMPORARILY IN 2021 TO RESPOND TO THE CRISIS CAUSED BY THE COVID-19 PANDEMIC. PRATHAM RAISED FUNDS TO DIRECTLY PURCHASE 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. THIS ENDED IN 2021. FORM 990, PART VI, SECTION A, LINE 2 FAMILY RELATIONSHIP: HEMANT GORADIA & MARIE GORADIA BUSINESS RELATIONSHIP: HEMANT GORADIA & SWATANTRA JAIN FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS REVIEWED BY THE CEO & GLOBAL EXECUTIVE AND THE CHAIRMAN BEFORE FILING. ONCE APPROVED, THE BOARD MEMBERS WILL RECEIVE A COPY OF THE FORM 990. FORM 990, PART VI, SECTION B, LINE 12C A CONFLICT OF INTEREST DISCLOSURE POLICY IS PROVIDED BY EACH EMPLOYEE, OFFICER AND DIRECTOR. ONCE A YEAR, A CONFLICT OF INTEREST QUESTIONNAIRE IS SENT OUT TO BE UPDATED BY EACH EMPLOYEE, OFFICER AND DIRECTOR. EACH EMPLOYEE, OFFICER AND DIRECTOR IS REQUESTED TO NOTIFY IF THERE HAS BEEN A CHANGE THAT WOULD GENERATE A CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION FOR KEY EMPLOYEES INCLUDES A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA AND A DISCUSSION WITH THE CHAIRMAN OF THE BOARD AFTER WHICH A DECISION IS MADE. FORM 990, PART VI, SECTION C, LINE 19 UPON REQUEST, PRATHAM USA WILL PROVIDE THE GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY TO THE PUBLIC. THE FINANCIAL STATEMENTS ARE PROVIDED AND CAN BE INSPECTED AT THE ORGANIZATION'S WEBSITE. PART XII, LINE 2C EXPLANATION THERE WAS NO CHANGE IN THE OVERSIGHT OF THE AUDIT OF PRATHAM USA FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT FROM PRIOR YEAR.