2025-10-21T15:11:42-05:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4 BATTERYMARCH PARK SUITE 100 QUINCY MA 02169 990 2024-01-01 810779400 PRECISION DEVELOPMENT INC PREC 6178543534 1150 WALNUT STREET 2ND FLOOR NEWTON MA 02461 NIRIKSHA SHETTY CHIEF EXECUTIVE OFFICER 6178543534 2025-10-15 1 1 DANIELLE NIHILL P01350943 7819821001 2025-10-07 2024 2025-03-06 01:10:19Z NIRIKSHA SHETTY 1150 WALNUT STREET 2ND FLOOR NEWTON MA 02461 9120743 0 1 X HTTPS://PRECISIONDEV.ORG/ X 2015 MA OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS 5 4 12 4 0 0 5895103 8980621 204459 85842 14438 44840 64835 9440 6178835 9120743 0 0 0 0 3493329 2834400 0 0 34093 1740718 1871838 5234047 4706238 944788 4414505 3194542 7515206 170401 80456 3024141 7434750 X OUR MISSION IS TO SUPPORT SMALLHOLDER FARMERS IN DEVELOPING COUNTRIES BY PROVIDING CUSTOMIZED INFORMATION AND SERVICES THAT INCREASE PRODUCTIVITY, PROFITABILITY, AND ENVIRONMENTAL SUSTAINABILITY 0 0 4023993 85842 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. 4023993 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 X 1 0 1 12 1 0 1 ET KE ET IN KE 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 0 0 1 0 0 1 1 1 1 1 1 1 1 1 1 0 MA X X DAVID SEARS 8579284669 4 JAY STREET CAMBRIDGE MA 02139 SARA GODFREY SECRETARY AND COO 40.00 X X 175025 0 47190 SHAWN COLE INTERIM TREASURER 2.00 X X 0 0 0 AMRITA AHUJA CHAIR 2.00 X X 0 0 0 MICHAEL KREMER DIRECTOR 2.00 X 0 0 0 JINU KOOLA DIRECTOR 2.00 X 0 0 0 NIRIKSHA SHETTY CEO 40.00 X 89710 0 1145 DAVID SEARS CHIEF FINANCIAL OFFICER 40.00 X 110795 0 0 OWEN BARDER CEO UNTIL 3/2024 40.00 X 185055 0 61613 TOMOKO HARIGAYA CHIEF ECONOMIST & DIRECTOR 40.00 X 185055 0 29899 JONATHAN LEHE CHIEF STRATEGIST 40.00 X 153428 0 0 ALEXANDER RAMIREZ HEAD OF SOFTWARE DEVELOPMENT 40.00 X 122500 0 0 1021568 0 139847 8 0 1 0 DAHLBERG CONSULTING US LLC 155 WEST 23RD STREET 6TH FLOOR NEW YORK NY 10011 CONSULTING SERVICES 224424 J-PAL SOUTH ASIA AT IFMR 196 TTK ROAD PRTHASARATHY GARDENS ALWARPET CH CHENNAI IN RESEARCH SERVICES 102253 2 8980621 8980621 PROGRAM SERVICE REVENU 110000 85842 85842 85842 44840 44840 MISCELLANEOUS INCOME 110000 9440 9440 9440 9120743 85842 0 54280 X 559738 377823 156726 25189 2015793 2003852 11680 261 44593 44593 122215 122215 92061 74914 17147 31332 31332 45599 45599 604591 362976 238296 3319 11290 7695 3587 8 191707 115249 76438 20 42717 30628 11793 296 225091 194295 26933 3863 22695 14435 8260 IMPLEMENTATION & FIELD 673555 670846 2283 426 MISCELLANEOUS EXPENSES 23261 4472 18078 711 4706238 4023993 648152 34093 2836296 64097 5017350 16057 2173542 217738 140900 53477 64820 0 0 70974 54497 3194542 7515206 165207 80456 5194 0 170401 80456 X 298038 622721 2726103 6812029 3024141 7434750 3194542 7515206 4414505 -3896 0 X 0 1 X 1 0 X 5422168 7444728 3891339 5895103 8980621 31633959 5422168 7444728 3891339 5895103 8980621 31633959 15950686 15683273 15800 3360 8592 14438 44840 87030 2200 20969 64835 9440 97444 31818433 1072028 0.49290 0.48460 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 2,200. 2022 AMOUNT: $ 20,969. 2023 AMOUNT: $ 64,835. 2024 AMOUNT: $ 9,440. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 9116847 -3896 -3896 9120743 0 9120743 4706238 0 4706238 0 4706238 1 KENYA 2 12 PROGRAM ACTIVITIES AGRICULTURAL ADVICE, TECHNOLOGY & ASSISTANCE TO SMALL HOLDER FARMERS. 829000 ETHIOPIA 0 0 PROGRAM ACTIVITIES THROUGH OUR PARTNER, BCAS, WE FUND PROGRAM SERVICES IN INDIA. WE DO NOT MAINTAIN AN OFFICE, EMPLOYERS, OR CONTRACTORS IN INDIA AND DO NOT CONSIDER BCAS EMPLOYEES AS OUR AGENTS. PROGRAM SERVICES BCAS PERFORMS RELATE TO PROVIDING DIGITAL AGRICULTURE SERVICES TO SMALL-HOLDER FARMERS AND WORKING WITH GOVERNMENT AGRICULTURE SUPPORT AGENCIES. 810000 2 12 0 0 2 12 1639000 0 1639000 0 0 1 0 0 0 PART I, LINE 2: WE DID NOT HAVE GRANTS OUTSIDE THE US, BUT OUR SUBSIDIARIES IN ETHIOPIA AND KENYA RECEIVED FUNDS FROM US, AND A PARTNER IN INDIA, BCAS (A SEPARATE, INDEPENDENT ENTITY) RECEIVED FUNDS TO SUPPORT OUR JOINT PROGRAM WORK. I AM REPORTING PROGRAM EXPENDITURES IN THESE COUNTRIES BY BCAS AND OUR SUBSIDIARIES. X X X 0 0 0 0 0 0 0 0 0 OWEN BARDER CEO UNTIL 3/2024 185055 0 0 0 0 0 26375 0 35238 0 246668 0 0 0 SARA GODFREY SECRETARY AND COO 175025 0 0 0 0 0 20773 0 26417 0 222215 0 0 0 TOMOKO HARIGAYA CHIEF ECONOMIST & DIRECTOR 185055 0 0 0 0 0 0 0 29899 0 214954 0 0 0 JONATHAN LEHE CHIEF STRATEGIST 153428 0 0 0 0 0 0 0 0 0 153428 0 0 0 PART I, LINE 3 THE ORGANIZATION USES FORM 990 OF OTHER ORGANIZATIONS AND REQUIRES APPROVAL BY THE BOARD FOR COMPENSATION. FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS MAY AUTHORIZE ANY OFFICER/S, AGENT/S, TO ENTER INTO ANY CONTRACT OR EXECUTE AND DELIVER ANY INSTRUMENT IN THE NAME OF AND ON BEHALF OF THE ORGANIZATION, AND SUCH AUTHORITY MAY BE GENERAL OR CONFINED TO SPECIFIC INSTANCES. FORM 990, PART VI, SECTION A, LINE 8B THERE IS NO COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 11B UNLESS REQUIRED, WE WOULDN'T PROVIDE THE FULL 990 TO THE BOARD, BUT IT WOULD BE REVIEWED BY THE CEO AND CFO TO ENSURE CORRECTNESS AND COMPLETENESS. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS REQUIRES AN ANNUAL DECLARATION FROM ALL BOARD MEMBERS AS TO THE EXISTENCE AND DISCLOSURE OF ANY POTENTIAL CONFLICTS OF INTEREST. THE BOARD MEMBERS SIGN A DISCLOSURE STATEMENT. ANY POTENTIAL CONFLICTS ARE DISCUSSED BY THE DISINTERESTED BOARD MEMBERS, WHILE THE PARTY IN POTENTIAL CONFLICT IS REQUIRED TO LEAVE THE ROOM. BOARD MEETING MINUTES WILL DOCUMENT THE DISCUSSION AND DECISION MAKING PROCESS. IN THE EVENT OF A POTENTIAL CONFLICT, PROCEDURES TO OBTAIN COMPETITIVE BIDS AND DILIGENCE ON FAIR MARKET VALUE WILL BE ESTABLISHED. THIS PROCESS IS OVERSEEN BY THE COO. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD OF DIRECTORS IS RESPONSIBLE FOR ESTABLISHING AND MAINTAINING A COMPETITIVE COMPENSATIVE PROGRAM FOR THE KEY EXECUTIVES OF THE ORGANIZATION. THE INDEPENDENT MEMBERS OF THE BOARD MEETS AS NEEDED TO REVIEW THE COMPENSATION PROGRAM AND MAKE CHANGES, AS DEEMED APPROPRIATE. A MARKET EVALUATION IS CONDUCTED AS NEEDED TO ENSURE THAT THE COMPENSATION PROGRAM FALLS WITHIN A REASONABLE RANGE OF COMPETITIVE PRACTICES FOR COMPARABLE POSITIONS AMONG SIMILARLY SITUATED ORGANIZATIONS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2025. FORM 990, PART VI, SECTION C, LINE 19 ORGANIZATION FILINGS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING SERVICES: PROGRAM SERVICE EXPENSES 323,739. MANAGEMENT AND GENERAL EXPENSES 167,192. FUNDRAISING EXPENSES 30. TOTAL EXPENSES 490,961. OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 39,237. MANAGEMENT AND GENERAL EXPENSES 71,104. FUNDRAISING EXPENSES 3,289. TOTAL EXPENSES 113,630.