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Nonprofiteer
← PEARLSTONE FAMILY FUND INC

Form 990 for tax year 2022

Filed by PEARLSTONE FAMILY FUND INC.

Totals

Total revenue
$1,535,849
Total expenses
$1,851,582
Contributions and grants received
$0
Grants paid
$1,619,421
Program service revenue
$0
Investment income
$1,535,849
Other revenue
$0
Total assets, end of year
$23,592,636
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,592,636
Program services expenses (Part IX)
$1,619,421
Management and general expenses
$232,161
Fundraising expenses
$0
Program service expenses (Part III)
$1,619,421

Program services were 87.5% 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.

  • 3 · Investment income

    total $450,838 · excluded $450,838

  • 7a · Gross sales of assets other than inventory

    securities $4,580,139

  • 7b · Less cost or other basis and sales expenses

    securities $3,495,128

  • 7c · Gain or loss

    securities $1,085,011

  • 7d · Net gain or loss

    total $1,085,011 · excluded $1,085,011

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,619,421 · program services $1,619,421

  • 11f · Fees: investment management

    total $232,161 · management and general $232,161

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,296,440 · end of year $624,412

  • 11 · Investments: publicly traded securities

    beginning of year $30,938,642 · end of year $22,968,224

  • 27 · Net assets without donor restrictions

    beginning of year $32,235,082 · end of year $23,592,636

Listed in Part VII

  • MARC B TERRILL

    PRESIDENT & PUBLIC DIRECTOR

    Total calculated
    $887,578
    From this org
    $0
    From related orgs
    $841,681
    Other
    $45,897
    Hours/week
    0.15 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $727,510 related
    Bonus
    $0 + $75,000 related
    Other
    $0 + $39,171 related
    Deferred
    $0 + $11,529 related
    Nontaxable benefits
    $0 + $34,368 related
    Filer's total
    $0 + $887,578 related

  • RICHARD L PEARLSTONE

    VICE PRESIDENT & DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • P JUSTIN PEARLSTONE

    VICE PRESIDENT & DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • JOSHUA FIDLER

    SECRETARY/TREASURER, PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • BRUCE SHOLK

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • AMY ELIAS

    DONOR DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

  • IRWIN KULA

    PUBLIC DIRECTOR

    Total calculated
    $0
    Hours/week
    0.15

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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
MARC TERRILL PARTICIPATES IN A NONQUALIFIED DEFERRED COMPENSATION PLAN. THERE WERE NO AMOUNTS VESTED OR RECEIVED FROM THE PLAN DURING THE TAX YEAR. MARC TERRILL HAS A CONTRACT EXECUTED ON JULY 1, 2020. THE TERMS AND CONDITIONS OF THE DEFERRED COMPENSATION PLAN ARE OUTLINED IN THE CONTRACT.
PART II, COLUMN A
THE DIRECTORS OF THE PEARLSTONE FAMILY FUND INC. RECEIVE NO COMPENSATION FOR THEIR SERVICES, HOWEVER, ONE OF THE DIRECTORS IS EMPLOYED BY THE SUPPORTED ENTITY, THE ASSOCIATED: JEWISH COMMUNITY FEDERATION OF BALTIMORE, INC. (THE ASSOCIATED). ALL OF THE COMPENSATION AND BENEFITS ARE PAID BY THE ASSOCIATED, NONE OF IT IS ATTRIBUTABLE TO THE SERVICE AS A DIRECTOR AND/OR OFFICER OF THE FOUNDATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2022
Filed
1 May 2023
IRS schema version
2022v5.0
Source object
202311249349302566

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