Form 990 for tax year 2024
Filed by PEARL AND IVY EDUCATIONAL FOUNDATION INC.
Totals
- Total revenue
- $241,692
- Total expenses
- $201,127
- Contributions and grants received
- $188,712
- Grants paid
- $144,705
- Program service revenue
- $5,459
- Investment income
- $65,183
- Other revenue
- -$17,662
- Total assets, end of year
- $1,276,571
- Total liabilities, end of year
- $0
- Net assets or fund balances, end of year
- $1,276,571
- Program services expenses (Part IX)
- $176,203
- Management and general expenses
- $23,640
- Fundraising expenses
- $1,284
- Program service expenses (Part III)
- $176,203
Program services were 87.6% 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.
-
1b · Membership dues
$37,648
-
1c · Fundraising events
$73,751
-
1f · All other contributions, gifts and grants
$77,313
-
1g · Noncash contributions included above
$7,669
-
2a · Program service revenue: MEMBER EVENTS
total $5,459 · related or exempt $5,459
-
3 · Investment income
total $58,829 · excluded $58,829
-
7a · Gross sales of assets other than inventory
securities $42,050
-
7b · Less cost or other basis and sales expenses
securities $35,696
-
7c · Gain or loss
securities $6,354
-
7d · Net gain or loss
total $6,354 · excluded $6,354
-
8a · Fundraising events: gross income
$97,263
-
8a · Fundraising events: contributions included on line 1c
$73,751
-
8b · Fundraising events: direct expenses
$117,257
-
8c · Net income from fundraising events
total -$19,994 · excluded -$19,994
-
9a · Gaming: gross income
$2,482
-
9b · Gaming: direct expenses
$150
-
9c · Net income from gaming
total $2,332 · excluded $2,332
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $144,705 · program services $144,705
-
11c · Fees: accounting
total $7,615 · management and general $7,615
-
13 · Office expenses
total $9,419 · program services $3,742 · management and general $4,393 · fundraising $1,284
-
14 · Information technology
total $1,282 · program services $641 · management and general $641
-
19 · Conferences, conventions and meetings
total $24,215 · program services $13,566 · management and general $10,649
-
23 · Insurance
total $684 · program services $342 · management and general $342
-
24a · Other expenses: COMMUNITY SERVICE INITI
total $13,207 · program services $13,207
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $68,271 · end of year $17,669
-
2 · Savings and temporary cash investments
beginning of year $127,824 · end of year $127,837
-
11 · Investments: publicly traded securities
beginning of year $987,236 · end of year $1,131,065
-
27 · Net assets without donor restrictions
beginning of year $656,109 · end of year $663,658
-
28 · Net assets with donor restrictions
beginning of year $527,222 · end of year $612,913
Mission and programs · 2024
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-BOUND HIGH SCHOOL SENIORS AND CONTINUING 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 $176,203 · Grants $144,705 · Revenue $5,459
As filed on the 2024 return.
Listed in Part VII
-
RAVEN L HILL
PRESIDENT
- Total calculated
- $0
- Hours/week
- 20
-
ANGELA SCARBOROUGH
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 10
-
JENNIFER M COLEMAN
TREASURER
- Total calculated
- $0
- Hours/week
- 25
-
Y GINA MCLAUGHLIN
FINANCIAL SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
JOANN HILL
RECORDING SECRETARY
- Total calculated
- $0
- Hours/week
- 10
-
AMANDA ALEXANDER
EXECUTIVE DIRECTOR
- Total calculated
- $0
- Hours/week
- 20
-
LINDA GILL ANDERSON
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
NADINE EADS
MEMBER AT LARGE/SEF CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
IRIS MCCOLLUM GREEN
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
NYIA HARRIS
SCHOLARSHIP CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
ALYSSA KING-TURNER
PARLIAMENTARIAN
- Total calculated
- $0
- Hours/week
- 10
-
STACY FULLER LUCAS
XI OMEGA TAMIOUCHOS
- Total calculated
- $0
- Hours/week
- 10
-
ERIKA MARSHALL
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
R LUCIA RIDDLE
MEMBER AT LARGE/INVESTMENT CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
MONICE SANDERS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
COMELIA SANFORD
FUNDRAISING CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
SONYA SIMS
MEMBER AT LARGE
- Total calculated
- $0
- Hours/week
- 10
-
CHERRI SINCLAIR
PR CHAIRMAN
- Total calculated
- $0
- Hours/week
- 10
-
SHANELLE SWINTON
AUDIT CHAIRMAN
- 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
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 28 October 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543049349302364
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