Pearl Elegance Foundation FY2023 filing

Tax-deductible

Laurel, MD501(c)(3)Foundations & GrantmakersEIN 46-4724189Revenue $215K in FY2023

On file with the IRSPo Box 444, 20725-0444 · Laurel, MDTax-exempt since Sep 2014Publicly supported — 509(a)(2)

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Pearl Elegance Foundation Incorporated is uniquely positioned to mobilize our membership of volunteers from various career paths and experiences to serve our community. Our rich history of programs inspired by the international organization of Alpha Kappa Alpha Sorority Incorporated have served to fuel an energy of change in all walks of life. All of our members possess one specific mindset of service to all mankind. We are connected by strong ties of our causes and cares. Pearl Elegance Foundation Incorporated seeks to be a great and widespread outreach organization to our community. We want to see our youth more educated more polished more excited about learning and more prepared to attend higher educational institutions for future careers. We want our youth to be positive contributors to the fabric of this country and other communities where they live. We recognize that giving starts at home. Pearl Elegance Foundation Incorporated works to create more awareness of the health

501(c)(3) charity; gifts are tax-deductible.
58¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $96K a year · 64% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
58%
of spending
Worth a look: 58% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
35 mo
of spending, in cash
Looks good: 35.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $876
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$14K
6% of total assets
Looks good: liabilities are 6% of assets; 50% or less.
Pt X · Ln 26
Independent board members
660
of 660 voting members
Looks good: 660 of 660 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$215K
+278% vs prior year
Spent
$89K
To programs
58%
Net assets
$245K
By yearFY2022–FY2025
Revenue
$215K
FY2023▲ +278%
Tap a bar for its year
Revenue by fiscal year
FY2022$57K
FY2023$215K
FY2024$64K
FY2025$82K
Expenses
$89K
FY2023
Tap a bar for its year
Expenses by fiscal year
FY2022Not on file
FY2023$89K
FY2024Not on file
FY2025$17K
Net assets
$245K
FY2023▲ +106%
Tap a bar for its year
Net assets by fiscal year
FY2022$119K
FY2023$245K
FY2024$139K
FY2025$204K

From the FY2023 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Sep 2014.

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

Where the money goes

58 cents of each dollar spent went to programs.

Program services 58% · $52K Management & general 7% · $6K

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

10 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Financial Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Parliamentarian
$0Pt VII · Sec A
Fundraiser Chairmen
$0Pt VII · Sec A
Grant Chairmen
$0Pt VII · Sec A
See Pearl Elegance Foundation 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

Mobilizes volunteers to serve the community and empower youth through educational programs.

Questions for Pearl Elegance Foundation

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Provided by the organization

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1 program · $52K · in their own filed words · FY2023
01

Local community families economic wealth social justice environment

$52Kprogram 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
Total grants receivedfrom 1 funder$876
Grants paid · 1 grant · $49K · 2023–2023
Unitemized GrantFY2023$49,000

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$215K
Ln 12
Gifts and grantsLn 1h$207K
Other incomeLn 4–11$9K
Money outPt IX
$89K
Ln 25
Programscol B$52K
Managementcol C$6K
Owns and owesPt X
$245K
net assets · Ln 32
Cash and savingsLn 1–2$260K
Total assetsLn 16$260K
LiabilitiesLn 26$14K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a660
IndependentVI 1b660
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$207K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Other incomeLn 4–11$9K
Total revenueLn 12$215K
Assets in detailPt X, end of year
CashLn 1$260K
SavingsLn 2$0
Cash and savings togetherLn 1–2$260K
InvestmentsLn 11–13$0
Land, buildings, equipmentLn 10c$0
Other assetsLn 15$0
Total assetsLn 16$260K
LiabilitiesLn 26$14K
Net assetsLn 32$245K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY23End FY23
Cash and savingsLn 1–2$157K$260K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$157K$260K
LiabilitiesLn 26$38K$14K
Net assetsLn 32$119K$245K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$3K$3K
Grants to domestic individualsLn 2$49K$49K
Grants and assistance to foreign recipientsLn 3$0$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$2K$0$2K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$0$0$0$0
Advertising and promotionLn 12$699$0$699$0
Office expensesLn 13$325$0$325$0
Information technologyLn 14$2K$0$2K$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$0$0$0$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$210$0$210$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$911$0$911$0
Other expenses (24a–d)Ln 24$27K$0$0$0
All other expensesLn 24e$5K$0$0$0
Total functional expensesLn 25$89K$52K$6K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $82K$17K$65K$204K 990 PDF
FY2024 $64K$139K 990 PDF
FY2023 Viewing $215K$89K$126K$245K 990 PDF
FY2022 $57K$119K 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 FY2023 990 (6 parts)
Part I · Summary $215,194 revenue, 12 lines filed
I-8 Contributions and grants$206,507
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$8,687
I-12 Total revenue$215,194
I-13 Grants and similar amounts paid$51,600
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expenses$37,449
I-18 Total expenses$89,049
I-19 Revenue less expenses$126,145
Part VI · Governance 660 of 660 board members independent, 4 to look at
VI-1a Voting members of the governing body660
VI-1b Independent voting members660
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 $215,194 across 13 lines filed
VIII-1a Federated campaigns$1,856
VIII-1b Membership dues$53,178
VIII-1c Fundraising events$0
VIII-1d Related organizations$149,160
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$2,313
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$206,507
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-6 Net rental income or lossRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-8 Net income from fundraising eventsUnrelated business $0 · Excluded from tax $0$8,687
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$215,194
Part IX · Statement of functional expenses $89,049 across 24 lines filed
IX-1 Grants to domestic organizationsPrograms $2,600$2,600
IX-2 Grants to domestic individualsPrograms $49,000$49,000
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $2,000 · Fundraising $0$2,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $0 · Management $0 · Fundraising $0$0
IX-12 Advertising and promotionPrograms $0 · Management $699 · Fundraising $0$699
IX-13 Office expensesPrograms $0 · Management $325 · Fundraising $0$325
IX-14 Information technologyPrograms $0 · Management $1,980 · Fundraising $0$1,980
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $0 · Fundraising $0$0
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $210 · Fundraising $0$210
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $911 · Fundraising $0$911
IX-24 Other expenses (24a–d)Programs $0 · Management $0 · Fundraising $0$26,630
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$4,694
IX-25 Total functional expensesPrograms $51,600 · Management $6,125 · Fundraising $0$89,049
Part X · Balance sheet $259,522 assets, 22 lines filed
X-1 Cash, non-interest-bearingStart of year $156,900$259,522
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-15 Other assetsStart of year $0$0
X-16 Total assetsStart of year $156,900$259,522
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $37,848$14,325
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-25 Other liabilitiesStart of year $0$0
X-26 Total liabilitiesStart of year $37,848$14,325
X-32 Total net assets or fund balancesStart of year $119,052$245,197
X-33 Total liabilities and net assetsStart of year $156,900$259,522
Part XI · Reconciliation of net assets $245,197 net assets at year end
XI-1 Total revenue$215,194
XI-2 Total expenses$89,049
XI-3 Revenue less expenses$126,145
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$245,197

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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