Form 990 for tax year 2022
Filed by PEARL AND IVY EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $373,716
- Total expenses
- $160,310
- Contributions and grants received
- $368,762
- Grants paid
- $132,347
- Program service revenue
- $0
- Investment income
- $50,777
- Other revenue
- -$45,823
- Total assets, end of year
- $1,128,336
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,128,336
- Program services expenses (Part IX)
- $144,083
- Management and general expenses
- $14,952
- Fundraising expenses
- $1,275
- Program service expenses (Part III)
- $144,083
Program services were 89.9% 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.
-
1b · Membership dues
$29,696
-
1c · Fundraising events
$155,721
-
1f · All other contributions, gifts and grants
$183,345
-
3 · Investment income
total $50,360 · excluded $50,360
-
7a · Gross sales of assets other than inventory
securities $12,820
-
7b · Less cost or other basis and sales expenses
securities $12,403
-
7c · Gain or loss
securities $417
-
7d · Net gain or loss
total $417 · excluded $417
-
8a · Fundraising events: gross income
$1,290
-
8a · Fundraising events: contributions included on line 1c
$155,721
-
8b · Fundraising events: direct expenses
$47,113
-
8c · Net income from fundraising events
total -$45,823 · excluded -$45,823
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $10,882 · program services $10,882
-
2 · Grants to domestic individuals
total $121,465 · program services $121,465
-
11c · Fees: accounting
total $2,206 · management and general $2,206
-
13 · Office expenses
total $13,901 · program services $5,808 · management and general $6,818 · fundraising $1,275
-
14 · Information technology
total $356 · program services $178 · management and general $178
-
16 · Occupancy
total $6,000 · program services $3,000 · management and general $3,000
-
19 · Conferences, conventions and meetings
total $568 · program services $284 · management and general $284
-
23 · Insurance
total $4,932 · program services $2,466 · management and general $2,466
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $202,536 · end of year $82,777
-
2 · Savings and temporary cash investments
end of year $127,811
-
11 · Investments: publicly traded securities
beginning of year $900,934 · end of year $917,748
-
17 · Accounts payable and accrued expenses
beginning of year $100,891
-
27 · Net assets without donor restrictions
beginning of year $596,386 · end of year $600,307
-
28 · Net assets with donor restrictions
beginning of year $406,193 · end of year $528,029
Mission and programs · 2022
Mission
PROVIDING SCHOLARSHIPS TO DESERVING AND EXEMPLARY COLLEGE-BOUND HIGH SCHOOL SENIORS AND CONTINUING COLLEGE STUDENTS IN THE DISTRICT OF COLUMBIA.
Activities or mission (Part I)
PROVIDE SCHOLARSHIPS TO COLLEGE STUDENTS IN THE DISTRICT OF COLUMBIA
-
PEARL AND IVY EDUCATIONAL FOUNDATION (PIEF) IS COMPRISED OF COLLEGE-EDUCATED, PROFESSIONAL WOMEN - COMMUNITY VOLUNTEERS WHO ARE DEDICATED TO SERVING THE NEEDS OF DISTRICT RESIDENTS.PIEF SERVES AS A COMMUNITY PARTNER OF XI OMEGA CHAPTER, THE FIRST AND LARGEST GRADUATE CHAPTER OF ALPHA KAPPA ALPHA SORORITY, INC., ESTABLISHED IN WASHINGTON, DC. IN ADDITION TO ANNUALLY AWARDING SCHOLARSHIPS IN COLLABORATION WITH XI OMEGA, PIEF PROVIDES AN ARRAY OF SERVICE PROGRAMS THAT FOCUS ON FAMILY EMPOWERMENT, YOUTH LEADERSHIP, ECONOMIC WEALTH, ENVIRONMENTAL AND SOCIAL JUSTICE MATTERS THAT UPLIFT OUR LOCAL COMMUNITY. TO DATE, PIEF HAS AWARDED MORE THAN $1 MILLION IN SCHOLARSHIPS.
Expenses $144,083 · Grants $132,347
As filed on the 2022 return.
Listed in Part VII
-
Raven L HillRAVEN L HILL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
Nicole Jackson-WilliamsNICOLE JACKSON-WILLIAMS
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
Jennifer M ColemanJENNIFER M COLEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 25
-
Y Gina McLaughlinY GINA MCLAUGHLIN
FINANCIAL SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Anitra ReedANITRA REED
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
Lavdena Adams OrrLAVDENA ADAMS ORR
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Amanda AlexanderAMANDA ALEXANDER
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
Anniedale BrownANNIEDALE BROWN
AUDIT CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Latonya ClarkLATONYA CLARK
FUNDRAISING CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Nadine EadsNADINE EADS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Nyia HarrisNYIA HARRIS
SCHOLARSHIP CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
Alyssa King-TurnerALYSSA KING-TURNER
PARLIAMENTARIAN
- Total calculated
- $0
- Hours/week
- 10
-
Jamie SturgisJAMIE STURGIS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Jamilia WalkerJAMILIA WALKER
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
Donna Williams RuckerDONNA WILLIAMS RUCKER
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
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
-
ENDING PERIOD POVERTY
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 11 August 2023
- IRS schema version
- 2022v5.0
- Source object
- 202342269349302039
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.