Form 990 for tax year 2025
Filed by PEARL FOUNDATION OF PUGET SOUND.
Totals
- Total revenue
- $236,694
- Total expenses
- $204,283
- Contributions and grants received
- $226,754
- Grants paid
- $0
- Program service revenue
- $154
- Investment income
- $666
- Other revenue
- $9,120
- Total assets, end of year
- $106,048
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $106,048
- Program services expenses (Part IX)
- $195,233
- Management and general expenses
- $750
- Fundraising expenses
- $8,300
- Program service expenses (Part III)
- $195,233
Program services were 95.6% 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.
-
1c · Fundraising events
$53,528
-
1f · All other contributions, gifts and grants
$173,226
-
2a · Program service revenue: Other Miscellaneous Rev
total $2 · related or exempt $2
-
2b · Program service revenue: Reimbursed Expenditures
total $152 · related or exempt $152
-
3 · Investment income
total $666 · related or exempt $666
-
8a · Fundraising events: contributions included on line 1c
$53,528
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Sales of Product Revenu
total $9,120 · related or exempt $9,120
-
11e · Other revenue, total
$9,120
Functional expenses
Part IX, the statement of functional expenses.
-
11b · Fees: legal
total $1,500 · program services $1,500
-
11c · Fees: accounting
total $750 · management and general $750
-
12 · Advertising and promotion
total $913 · program services $913
-
13 · Office expenses
total $4,499 · program services $4,499
-
16 · Occupancy
total $3,252 · program services $3,252
-
23 · Insurance
total $2,012 · program services $2,012
-
24a · Other expenses: 5K Run
total $150 · fundraising $150
-
24b · Other expenses: Bank Charges
total $54 · program services $54
-
24c · Other expenses: Commission
total $14 · program services $14
-
24d · Other expenses: Dues & Subscripions
total $807 · program services $807
-
24e · All other expenses
total $190,332 · program services $182,182 · fundraising $8,150
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $63,905 · end of year $106,048
-
4 · Accounts receivable
beginning of year $1,500
-
27 · Net assets without donor restrictions
beginning of year $65,405 · end of year $106,048
Mission and programs · 2025
Mission
Mentoring & Development of BIPOC Youth
-
We focus on mentoring and development of BIPOC (BLack, Indigenous & People of Color) youth in Pierce 7 Thurston Counties.
Expenses $195,233
As filed on the 2025 return.
Listed in Part VII
-
Brown Cliffton
Chairman
- Total calculated
- $0
- Hours/week
- 0
-
Okoro Michael
President
- Total calculated
- $0
- Hours/week
- 0
-
Willis Jenkins
CFO
- Total calculated
- $0
- Hours/week
- 0
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
- 2025
- Filed
- 1 June 2026
- IRS schema version
- 2025v4.1
- Source object
- 202641539349301669
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