Pearl Project INC EIN 82-4494844 Form 990 (PDF) Claim this org

Pearl Project INC

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Offers trauma-informed education and support for foster and adoptive caregivers and professionals. For fiscal year 2025 it reported $580K in revenue, $581K in expenses, and $277K in net assets.Pt I

Type
Public charity (501(c)(3)) · Human Services
Location
Ocala, FL
Website
thepearlproject.org
Filings
5 on file (2021–2025)
Revenue
$580KFY2025
Expenses
$581K
Net assets
$277K
People
6
Filings
5
Updates
0
More identity details & actions ⌄
EIN  82-4494844 Public charity (501(c)(3)) Ocala, FL
Form 990 (PDF)
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Size
$100K–1M
What they do
Offers trauma-informed education and support for foster and adoptive caregivers and professionals.
Leadership
Joy Zedler · Executive Director · $67K
Money in and out
$580K revenue, $581K expenses
Bottom line
86% program efficiency
Where the money goes · FY2025
Total revenue
$580K
Pt VIII · Ln 12
Total expenses
$581K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$805
Where spending went · Part IX cols B–D
Program services $0.86 Management & general $0.11 Fundraising $0.04
Program efficiency
86%
of spending reaches programs▲ +14% vs prior filing year
Operating runway
5.8mo
months of highly liquid reserves at operating expense rate▼ -46% vs prior filing year
Surplus margin
-0.1%
revenue over expenses, this year▼ -100% vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$580K
FY2025▲ +26%
Expenses
$581K
FY2025▲ +81%
Total assets
$291K
FY2025▼ -2%
Total liabilities
$13K
FY2025▼ -31%
Total revenue
$580K
Pt VIII · Ln 12
Total expenses
$581K
Pt IX · Ln 25
Net assets
$277K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$805
Total assetsPt X · Ln 16$291K
Program-expense ratioPt IX · col B86%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPearl Project INC
EINHdr · item D82-4494844
Principal addressHdr · item COcala, FL
WebsiteHdr · item Jthepearlproject.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MFL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P40)
Ruling yearIRS BMFApr 2018

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Executive Director
$66,664Pt VII · Sec A
President
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Joy Zedler’s $67K as Executive Director is at the 57th 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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023
Joy Zedler$66,664$58,206
Joy Zedler$30,869

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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Mission & Programs · Part III

Where the work happens

1 program service account for $496K of program spending, described in the organization's own filed words · FY2024.
01

We provided Trust-Based Relatonal Intervention and Circle of Security trainings for 1803 caregivers and professionals. 291 caregivers participated in support groups. 32 foster and adoptive moms attended our restorative retreat. 37 families particiapted and completed our 10 week coaching program.

$496Kprogram expense

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Statement of Revenue

Part VIII
Contributions & grants$452K · 78%
Program service revenue$124K · 21%
Investment income$3K · 1%
Contributions & grants78%$452K
Program service revenue21%$124K
Investment income1%$3K
— government grantsLn 1e$58K
Total revenueLn 12$580K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.86 Management & general $0.11 Fundraising $0.04
Program services86%$496K
Management & general11%$61K
Fundraising4%$23K
Total functional expensesLn 25$581K

Balance Sheet

Part X · end of year
CashLn 1$283K
Total assetsLn 16$291K
Total liabilitiesLn 26$13K
Total net assetsLn 32$277K
Months of cash on handcomputed5.8

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $283K · Operating expenses/yr $581K
5.8 months
Where the money goes
Program services
Program services $496K · Total expenses $581K
86%
Management & General
Management & general $61K · Total expenses $581K
11%
Fundraising
Fundraising $23K · Total expenses $581K
4%
Cost to raise $1
Fundraising expense (3-yr avg) $22K · Solicited contributions (3-yr avg) $258K
$0.09 to raise $1 (3-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $452K · Total revenue $580K
78%
Government reliance
Government grants $58K · Total revenue $580K
10%
Earned-income share
Program service revenue $124K · Total revenue $580K
21%
Investment reliance
Investment income $3K · Total revenue $580K
+0.6%
Program self-sufficiency
Program service revenue $124K · Total expenses $581K
21%
Growth & trend
Revenue growth (YoY)
This year $580K · Prior year $460K
+26%
Revenue CAGR
FY2020 $95K · FY2024 $580K
+57%
Net-asset trend (YoY)
End of year $277K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $580K · Expenses $581K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $291K
Net-asset ratio
Net assets $277K · Total assets $291K
95%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $291K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Joy Zedler · Reported title Executive Director · Highest reported compensation $67K · Total expenses $581K
11%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $322K · Total expenses $581K
56%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 86%
Overhead ratio 11%
Fundraising cost ratio 5%
Revenue growth 26%

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
See all 6 funders →

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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)$580K revenue · viewing · ⤓ 990 PDF
FY2024$460K revenue · ⤓ 990 PDF
FY2023$231K revenue · ⤓ 990 PDF
FY2022$182K revenue · ⤓ 990 PDF
FY2021$95K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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