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Nonprofiteer
← THE PEARL GROUP INC

Form 990 for tax year 2024

Filed by THE PEARL GROUP INC.

Totals

Total revenue
$240,952
Total expenses
$273,368
Contributions and grants received
$143,380
Grants paid
$0
Program service revenue
$66,159
Investment income
$6,885
Other revenue
$24,528
Total assets, end of year
$215,401
Total liabilities, end of year
$71,466
Net assets or fund balances, end of year
$143,935
Program services expenses (Part IX)
$273,368
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$273,368

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $143,380

  • 2a · Program service revenue: CAR CLINIC

    total $42,374 · related or exempt $42,374

  • 2b · Program service revenue: KIDS MENTORING

    total $21,285 · related or exempt $21,285

  • 2c · Program service revenue: THE P.E.A.R.L.S. PROGRAM

    total $2,500 · related or exempt $2,500

  • 3 · Investment income

    total $4,510 · related or exempt $4,510

  • 7a · Gross sales of assets other than inventory

    other assets $2,375

  • 7c · Gain or loss

    other assets $2,375

  • 7d · Net gain or loss

    total $2,375 · related or exempt $2,375

  • 8a · Fundraising events: gross income

    $31,074

  • 8b · Fundraising events: direct expenses

    $6,546

  • 8c · Net income from fundraising events

    total $24,528 · excluded $24,528

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $95,008 · program services $95,008

  • 10 · Payroll taxes

    total $5,971 · program services $5,971

  • 11a · Fees: management

    total $23,506 · program services $23,506

  • 11c · Fees: accounting

    total $3,825 · program services $3,825

  • 12 · Advertising and promotion

    total $3,682 · program services $3,682

  • 13 · Office expenses

    total $10,712 · program services $10,712

  • 14 · Information technology

    total $6,293 · program services $6,293

  • 16 · Occupancy

    total $605 · program services $605

  • 23 · Insurance

    total $2,140 · program services $2,140

  • 24a · Other expenses: CAR CLINIC OPERATIONS

    total $53,310 · program services $53,310

  • 24b · Other expenses: P.E.A.R.L.S OPERATIONS

    total $49,093 · program services $49,093

  • 24c · Other expenses: SCHOLARSHIPS

    total $7,400 · program services $7,400

  • 24d · Other expenses: REIMBURSEMENTS

    total $5,125 · program services $5,125

  • 24e · All other expenses

    total $6,698 · program services $6,698

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $139,037 · end of year $102,387

  • 2 · Savings and temporary cash investments

    end of year $62,899

  • 11 · Investments: publicly traded securities

    beginning of year $48,921 · end of year $50,115

  • 17 · Accounts payable and accrued expenses

    beginning of year $10,459 · end of year $5,698

  • 19 · Deferred revenue

    end of year $62,951

  • 25 · Other liabilities

    beginning of year $1,148 · end of year $2,817

  • 31 · Retained earnings, endowment or other funds

    beginning of year $176,351 · end of year $143,935

Mission and programs · 2024

Mission

THE TAX EXEMPT NON-PROFIT CHARITABLE MISSION OF THE PEARL GROUP, INC. IS TO CREATE, IMPLEMENT AND PROVIDE SUSTAINABLE PROGRAMS WHEREBY SINGLE PARENT FAMILIES FIND HOPE AND SKILLS NECESSARY TO BUILD AN ECONOMICALLY AND EMOTIONALLY STABLE HOME ENVIRONMENT.

  • THE P.E.A.R.L.S PROGRAM INCLUDES FOCUS PEARL. THESE RELATIONSHIPS ARE DESIGNED TO GROW INTO FAMILIAL STYLE FRIENDSHIPS ALLOWING FOR MENTORING, LISTENING, GUIDANCE, PROBLEM SOLVING, RESPITE OUTINGS, AND FAMILIAL TYPE EXAMPLES OF SELF SUFFICIENY. THE FOCUSED PEARL PROGRAM IS A PROGRAM WHEREIN A SELECT GROUP OF MOTIVATED SINGLE PARENTS WERE INTERVIEWED AND SELECTED TO RECEIVE A MORE INTENSE LEVEL OF GUIDANCE AND ASSISTANCE INCLUDING JOB SKILLS ASSESSMENT AND TRAINING, TUITION REIMBURSEMENT, TUITION SCHOLARSHIPS, CHILD CARE ASSISTANCE, AND ANY OTHER FORM OF ASSISTANCE NEEDED TO REMOVE ANY POSSIBLE IMPEDIMENT TO THEIR ACHIEVING SELF SUFFICIENCY. INITIAL RESULTS OF THIS MULTI YEAR PROJECT ARE ENCOURAGING WITH MODERATE SUCCESS ACHIEVED TO DATE WITH A FULL OBJECTIVE ANALYSIS OF EFFORTS AND RESULTING SUCCESS CURRENTLY IN PROCESS. OVER 250 HOURS OF VOLUNTEER TIME IS PROVIDED ANNUALLY BY OVER 25 VOLUNTEERS.

    Expenses $49,093 · Revenue $2,500

  • THE TRANSPORTATION PROGRAM OPERATES MONTHLY OUT OF PROFESSIONAL AUTO CARE FACILITIES STAFFED BY 25+ VOLUNTEERS CONTRIBUTING SERVICES AND VOLUNTEER HOURS. THE PURPOSE OF THE CAR CARE CLINIC PROGRAMMING IS TO ASSURE SAFE AND RELIABLE TRANSPORTATION FOR THE PARTICIPATING SINGLE PARENTS ALLOWING THEM TO BE MORE SELF-SUFFICIENT. THE VOLUNTEERS, SUPERVISED BY A MASTER MECHANIC, INSPECT AND ASSESS THE NEEDS OF EACH VEHICLE. TYPICAL REPAIRS MADE INCLUDE TIRES, BRAKES, WIPERS, LIGHTS, FLUIDS AND FILTER REPLACEMENTS. SEVERAL TIMES PER YEAR REPLACEMENT VEHICLES ARE PROVIDED WHEN THE COST TO REPAIR IS TOO GREAT OR IRREPARABLE SAFETY CONCERNS ARE NOTED. THE REPLACEMENT VEHICLES ARE RECEIVED AS DONATIONS TO THE PROGRAM, ARE INSPECTED AND REFURBISHED AS NECESSARY. THE GOAL IS TO PROVIDE A SAFE AND RELIABLE TRANSPORTATION MEANS FOR THE SINGLE PARENTS AND FAMILIES ASSURING THEM ACCESS TO JOBS, CHILDCARE, MEDICAL, GROCERY, AND OTHER SELF SUFFICIENCY NEEDS. REPAIRS WERE MADE TO NUMEROUS VEHICLES DURING THE REPORTING PERIOD OF THIS RETURN.

    Expenses $105,911 · Revenue $42,374

  • THE KIDS MENTORING PROGRAM IS A ONE-TO-ONE ADULT TO CHILD (GRADES 1-8) PROGRAM FOR THOSE CHILDREN NEEDING A MORE PERSONAL RELATIONSHIP. THE ADULTS ARE BACKGROUND CHECKED, TRAINED, AND PAIRED WITH AN APPROPRIATE GENDER MATCHED CHILD. THE ADULTS PROVIDE ASSISTANCE WITH HOMEWORK ASSIGNMENTS, READING SKILL ENHANCEMENT, SOCIAL SKILLS TRAINING, BEHAVIORAL GUIDANCE, AND ADULT INTERACTION. EACH WEEK UP TO 20 CHILDREN RECEIVE ONE ON ONE MENTORING FROM ADULT VOLUNTEERS.

    Expenses $7,199 · Revenue $21,285

  • GENERAL & OTHER ACTIVITIES THE PEARL GROUP, INC. ANNUALLY BUDGETS FUNDS FOR FOUR HALF-TIME PERSONS WHO SERVE AS THE EXECUTIVE DIRECTOR, DEVELOPMENT MANAGER, CLIENT ENGAGEMENT MANAGER AND TRANSPORTATION PROGRAM COORDINATOR. TO ACCOMPLISH ITS MISSION, THE PEARL GROUP, INC. HAS BEEN PRIVILEGED TO HAVE OVER 150 VOLUNTEERS CONTRIBUTING OVER 4,000 SERVICE HOURS TO THE SELECTED PROGRAMS. THESE ANNUAL VOLUNTEER SERVICE HOURS HAVE BEEN VALUED AT OVER 125,000. THE TRANSPORTATION PROGRAM HAS BENEFITTED FROM DONATED VEHICLES, DISCOUNTED AND DONATED CAR PARTS WHICH ARE USED IN THE CAR CARE CLINIC. IN 2024 THE TRANSPORTATION PROGRAM DELIVERED SERVICES AND VOLUNTEER HOURS. FACILITY USAGE FOR THE ORGANIZATION'S ADMIN OFFICES, THE CLOSET, AND CAR CARE CLINICS WAS PROVIDED TO THE ORGANIZATION AT A VALUE THAT EXCEEDS 36,000 ANNUALLY. SOFTWARE AND PROFESSIONAL SERVICES RECEIVED ANNUALLY HAS BEEN VALUED AT OVER 5,000. THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY CONTRIBUTE NEARLY 2,000 HOURS OF TIME. FOOD AND BEVERAGES PROVIDED BY HUNDREDS OF VOLUNTEERS TO THE SINGLE MOM'S DINNERS AND MENTORING PROGRAMS ANNUALLY EXCEEDS 10,000 IN VALUE. IT IS ESTIMATED THAT THE VALUE OF IN- KIND SERVICES AND GOODS RECEIVED EXCEEDS 250,000 PER ANNUM. 100% OF THE CONTRIBUTED FUNDS HAVE BEEN SPENT ON DIRECT PROGRAMMING OR IN SUPPORT OF THE VARIOUS PROGRAMS OFFERED. WE WILL CONTINUE TO SEEK FUNDING IN THE FORM OF CONTRIBUTIONS AND GRANTS. PRIMARY VOLUNTEER FUNDRAISING EFFORTS HAVE BEEN PROVIDED TO THE PEARL GROUP, INC. BY THE PRESIDENT HAL BAGLEY AND VICE-PRESIDENT SCOTT OWEN AND SECONDARILY BY THE REMAINING BOARD MEMBERS. THE BOARD HAS AN ANNUAL PLANNING AND PROGRAMMING ASSESSMENT RETREAT WHEREBY EXISTING PROGRAMS ARE VIGOROUSLY EVALUATED FOR RESULTS, POSSIBLE IMPROVEMENT, STRUCTURAL EFFICIENCIES, AND NEEDS ASSESSMENT. NEW PROGRAMS ARE CONSIDERED. ANNUAL BUDGETS ARE ESTABLISHED BY THE ED AND APPROVED BY THE BOARD. PROGRAM GOALS ARE SET AND/OR REVISED AS DEEMED NECESSARY BY THE BOARD TO ACHIEVE SUCCESS AT DESIRED COST LEVELS. RESPONSIBILITY FOR PROGRAMMING EFFORTS AND ACTIONS ARE DISCUSSED AND ASSIGNED. MONTHLY FINANCE COMMITTEE MEETINGS REVIEW BUDGET VS ACTUALS AND REPORT TO THE MONTHLY BOARD MEETING. THE FINANCIAL RECORDS ARE RECONCILED AT YEAREND BY CERTIFIED PUBLIC ACCOUNTANT WHO SUBSEQUENTLY PREPARES THE ANNUAL TAX FILINGS AT NO COST TO THE ORGANIZATION. THE SINGLE MOMS PROGRAMMING ACTIVITIES INVOLVES OVER 100 VOLUNTEERS CONTRIBUTING 1800+ IN- KIND HOURS OF SERVICE. CREATING, MAINTAINING AND GROWING PARTNERSHIPS THAT TOGETHER PROVIDE PROGRAMMING ACTIVITIES FOR THE OVER 80 (AVERAGE) PARTICIPANTS THAT INCLUDE WEEKLY RESPITE DINNERS WITH EDUCATIONAL/INFORMATIONAL PROGRAMS BEING PRESENTED. THE SINGLE MOMS RECEIVE GROUP AND INDIVIDUAL MENTORING BY TRAINED VOLUNTEERS ASSISTING THE PARTICIPANTS IN ADDRESSING SINGLE PARENT LIFE COPING SKILLS, PARENTING SKILLS, FINANCIAL BUDGETING, BENEFITS ISSUES AND ASSESS GUIDANCE, GOAL SETTING AND OTHER ISSUES WHICH CHALLENGE THE SINGLE MOMS FROM TIME TO TIME. THE SINGLE MOMS ENJOY AN EVENING OF RESPITE FROM THE 24/7 CHALLENGE OF SINGLE PARENTING AS THE CHILDREN ARE PROVIDED ONE TO ONE MENTORING AND HOMEWORK ASSISTANCE BY A LONG TERM MENTOR RELATIONSHIP. PROFESSIONAL PROGRAMS ARE PRESENTED EACH WEEK IN A SAFE AND WELCOMING ENVIRONMENT THAT ENCOURAGES OPEN DISCUSSION AND RESULTANT PROBLEM SOLVING.

    Expenses $111,165 · Revenue $143,380

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Hal Bagley

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    8
  • Chris Hirai

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Debra Larkin

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    6
  • Scott Owen

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    8
  • Chris Ray

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    3
  • Angie Sanders

    TREASURER

    Total calculated
    $0
    Hours/week
    4
  • Kelli Smith

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    6
  • Shelley Taylor

    SECRETARY

    Total calculated
    $0
    Hours/week
    2

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.0
Source object
202543219349304694

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