The Pearson Foundation EIN 64-0935063 Form 990 (PDF) Claim this org

The Pearson Foundation FY2021 filing

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Offers prayer, care, and sharing to positively transform lives. For fiscal year 2021 it reported $118K in revenue, $126K in expenses, and $22K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Pearl, MS
Filings
6 on file (2020–2021)
Revenue
$118KFY2021
Expenses
$126K
Net assets
$22K
People
9
Filings
6
Updates
0
More identity details & actions ⌄
EIN  64-0935063 Public charity (501(c)(3)) Pearl, MS
Form 990 (PDF)
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →
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Size
$100K–1M
What they do
Offers prayer, care, and sharing to positively transform lives.
Leadership
Jarvis Ward · President · $59K
Money in and out
$118K revenue, $126K expenses
Bottom line
76% program efficiency
Where the money goes · FY2021
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$22K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$8K
Where spending went · Part IX cols B–D
Program services $0.76 Management & general $0.24
Program efficiency
76%
of spending reaches programs
Operating runway
2.1mo
months of highly liquid reserves at operating expense rate
Surplus margin
-7%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$118K
FY2021▲ +20%
Expenses
$126K
FY2021▲ +26%
Total assets
$22K
FY2021▼ -11%
Total liabilities
$0
FY2021
Total revenue
$118K
Pt VIII · Ln 12
Total expenses
$126K
Pt IX · Ln 25
Net assets
$22K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$8K
Total assetsPt X · Ln 16$22K
Program-expense ratioPt IX · col B76%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

1 program service account for $96K of program spending, described in the organization's own filed words · FY2021.
01

The pearson foundation operates programs specifically targeting youth

$96Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Pearson Foundation
EINHdr · item D64-0935063
Principal addressHdr · item CPearl, MS
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MMS
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFMay 2001

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$59,065Pt VII · Sec A
Instructor
$9,100Pt VII · Sec A
Dir of Develop
$8,500Pt VII · Sec A
Asst Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
Member
$0Pt VII · Sec A

Jarvis Ward’s $36K as President is at the 23rd percentile of top reported officer pay among 2165 $100K–1M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Jarvis Ward$35,775$21,023$18,788$62,196$59,065$66,204
Betty Lloyd$12,000$12,000$16,500$9,100$1,500
Jenell Chavis$3,000$4,100$8,500$7,450
Deborah Quave$1,500

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Contributions & grants100%$118K
Total revenueLn 12$118K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.76 Management & general $0.24
Program services76%$96K
Management & general24%$30K
Total functional expensesLn 25$126K

Balance Sheet

Part X · end of year
CashLn 1$22K
Total assetsLn 16$22K
Total liabilitiesLn 26$0
Total net assetsLn 32$22K
Months of cash on handcomputed2.1

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $22K · Operating expenses/yr $126K
2.1 months
Where the money goes
Program services
Program services $96K · Total expenses $126K
76%
Management & General
Management & general $30K · Total expenses $126K
24%
Fundraising
Fundraising $0 · Total expenses $126K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $0 · Solicited contributions (2-yr avg) $108K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $118K · Total revenue $118K
100%
Government reliance
Government grants — · Total revenue $118K
Earned-income share
Program service revenue $0 · Total revenue $118K
0%
Investment reliance
Investment income $0 · Total revenue $118K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $126K
0%
Growth & trend
Revenue growth (YoY)
This year $118K · Prior year $98K
+20%
Net-asset trend (YoY)
End of year $22K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $118K · Expenses $126K
-7%
Liabilities-to-Assets
Total liabilities — · Total assets $22K
Net-asset ratio
Net assets $22K · Total assets $22K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $22K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Jarvis Ward · Reported title PRESIDENT · Highest reported compensation $59K · Total expenses $126K
47%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $87K · Total expenses $126K
69%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 76%
Overhead ratio 24%
Fundraising cost ratio 0%
Revenue growth 20%
Accounting fee ratio 0.2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$8K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$204K revenue · ⤓ 990 PDF
FY2024$118K revenue · ⤓ 990 PDF
FY2023$123K revenue · ⤓ 990 PDF
FY2022$147K revenue · ⤓ 990 PDF
FY2021$118K revenue · viewing · ⤓ 990 PDF
FY2020$98K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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