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Pearl Foundation INC

Tax-deductible

Columbia, MD501(c)(3)EducationEIN 31-1591747Revenue $237K in FY2024

On file with the IRSpearlfoundationinc.orgPo Box 178, 21045-0178 · Columbia, MDTax-exempt since Apr 1998Publicly supported charity — 170(b)(1)(A)(vi)

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Supports broad educational, charitable, and community service programs that uphold the mission and values of Alpha Kappa Alpha Sorority Incorporated of the communities we serve.

501(c)(3) charity; gifts are tax-deductible.
78¢ of each $1 spent went to programs.
Run by 367 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Spent on programs
78%
of spending
Looks good: 78% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.4 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $10K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$31K
43% of total assets
Looks good: liabilities are 43% of assets; 50% or less.
Pt X · Ln 26
Independent board members
367
of 367 voting members
Looks good: 367 of 367 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$237K
+107% vs prior year
Spent
$338K
To programs
78%
Net assets
$40K
By yearFY2020–FY2024
Revenue
$237K
FY2024▲ +107%
Tap a bar for its year
Revenue by fiscal year
FY2020$68K
FY2021$71K
FY2022$106K
FY2023$114K
FY2024$237K
Net assets
$40K
FY2024▼ -72%
Tap a bar for its year
Net assets by fiscal year
FY2020$73K
FY2021$70K
FY2022$73K
FY2023$142K
FY2024$40K

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 1998.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

78 cents of each dollar spent went to programs.

Program services 78% · $263K Management & general 6% · $20K Fundraising 16% · $55K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

16 people listed on the 990.

Part VII, Section A · reportable compensation
Ava Baker
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Pearl Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Funds educational, charitable, and community programs benefiting underserved communities.

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Provided by the organization

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2 programs · $263K · in their own filed words · FY2024
01

The Pearl Foundation supports programs that promotes student achievement, leadership development, and personal empowerment. Several of the programs equip high school students with skills in communication, financial literacy, and career readiness, to foster long-term economic stability.

$251Kprogram expense
02

In support of initiatives that strengthen families, promote economic advancement, and encourage civic and social responsibility; The Pearl Foundation awarded $12,000 to local organizations and six Historically Black Colleges and Universities.

$12Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2023
Wingstop CharitiesFY2023$10K
Total grants receivedfrom 1 funder$10K
Grants paid · 1 grant · $155K · 2024–2024
Unitemized GrantFY2024$154,630

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$237K
Ln 12
Gifts and grantsLn 1h$237K
Money outPt IX
$338K
Ln 25
Programscol B$263K
Managementcol C$20K
Fundraisingcol D$55K
Owns and owesPt X
$40K
net assets · Ln 32
Cash and savingsLn 1–2$67K
Total assetsLn 16$71K
LiabilitiesLn 26$31K
PeoplePt VI, VII
16
listed · VII A
PaidVII A0
Voting boardVI 1a367
IndependentVI 1b367
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$237K
Fundraising eventsLn 1c$97K
Total revenueLn 12$237K
Assets in detailPt X, end of year
CashLn 1$67K
Cash and savings togetherLn 1–2$67K
Total assetsLn 16$71K
LiabilitiesLn 26$31K
Net assetsLn 32$40K
OperationsPt I, VI
EmployeesI 50
VolunteersI 6367
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$169K$67K
Total assetsLn 16$169K$71K
LiabilitiesLn 26$26K$31K
Net assetsLn 32$142K$40K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$12K$12K
Grants to domestic individualsLn 2$155K$155K
Accounting feesLn 11c$750$750
Other fees for servicesLn 11g$12K$12K
Advertising and promotionLn 12$5K$5K
Office expensesLn 13$3K$3K
Information technologyLn 14$4K$4K
Conferences, conventions and meetingsLn 19$250$250
InsuranceLn 23$900$900
Other expenses (24a–d)Ln 24$138K$95K$42K
All other expensesLn 24e$8K$7K$668
Total functional expensesLn 25$338K$263K$20K$55K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $237K$338K−$102K$40K 990 PDF
FY2023 $114K$142K 990 PDF
FY2022 $106K$73K 990 PDF
FY2021 $71K$70K 990 PDF
FY2020 $68K$73K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $236,655 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $63,552$236,655
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenuePrior year $129,938$0
I-12 Total revenuePrior year $193,490$236,655
I-13 Grants and similar amounts paidPrior year $36,200$166,630
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $88,036$171,691
I-18 Total expensesPrior year $124,236$338,321
I-19 Revenue less expensesPrior year $69,254−$101,666
Part VI · Governance 367 of 367 board members independent, 4 to look at
VI-1a Voting members of the governing body367
VI-1b Independent voting members367
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
Part VIII · Statement of revenue $236,655 across 6 lines filed
VIII-1b Membership dues$32,500
VIII-1c Fundraising events$97,471
VIII-1f All other contributions, gifts and grants$106,684
VIII-1h Total contributions, gifts and grants$236,655
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$236,655
Part IX · Statement of functional expenses $338,321 across 11 lines filed
IX-1 Grants to domestic organizationsPrograms $12,000$12,000
IX-2 Grants to domestic individualsPrograms $154,630$154,630
IX-11c Accounting feesPrograms $750$750
IX-11g Other fees for servicesFundraising $11,994$11,994
IX-12 Advertising and promotionManagement $5,209$5,209
IX-13 Office expensesManagement $3,030$3,030
IX-14 Information technologyManagement $4,000$4,000
IX-19 Conferences, conventions and meetingsManagement $250$250
IX-23 InsuranceManagement $900$900
IX-24 Other expenses (24a–d)Programs $95,425 · Fundraising $42,419$137,844
IX-24e All other expensesManagement $7,046 · Fundraising $668$7,714
IX-25 Total functional expensesPrograms $262,805 · Management $20,435 · Fundraising $55,081$338,321
Part X · Balance sheet $71,055 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $168,568$67,055
X-9 Prepaid expenses and deferred charges$4,000
X-16 Total assetsStart of year $168,568$71,055
X-17 Accounts payable and accrued expensesStart of year $1,425$325
X-19 Deferred revenueStart of year $25,000$30,253
X-26 Total liabilitiesStart of year $26,425$30,578
X-32 Total net assets or fund balancesStart of year $142,143$40,477
X-33 Total liabilities and net assetsStart of year $168,568$71,055
Part XI · Reconciliation of net assets $40,477 net assets at year end
XI-1 Total revenue$236,655
XI-2 Total expenses$338,321
XI-3 Revenue less expenses−$101,666
XI-4 Net assets at start of year$142,143
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$40,477

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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