Golden Pearl Foundation
- Assets
- $663.7k
- Revenue
- $25.4k
- Investments
- $605.1k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 10/2004
- Data as of
- 12/2023
- EIN
- 20-1446745
Organization Overview
Golden Pearl Foundation is located in Raleigh, NC. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Golden Pearl Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Golden Pearl Foundation generated $25.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.0%) each year. All expenses for the organization totaled $135.7k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.6%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Golden Pearl Foundation has awarded 62 individual grants totaling $821,710. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Heidi Hall-Jones Pres, Bd Of Directors | 2 | $0 | |
Annabel Mm Jones-Long Director/member | 1 | $0 | |
Edna F Brandt Exec. Dir/corp Sec. | 20 | $30,501 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,061 |
| Dividends & Interest | $24,312 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $47,207 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $25,373 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,501 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,146 |
| Depreciation | $36 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,508 |
| Total operating and administrative expenses | $68,367 |
| Contributions, gifts, grants paid | $67,300 |
| Total expenses and disbursements | $135,667 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,960 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,595 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $91 |
| Other assets | $0 |
| Total assets | $663,730 |
| Accounts payable and accrued expenses | $10 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $10 |
Grants Awarded
Over the last fiscal year, Golden Pearl Foundation has awarded $67,300 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
AGRIAUTISMINC PURPOSE: EDUCATION/CIVICNEEDS | $7,800 |
THE O'NEAL SCHOOL PURPOSE: PROVIDEEDUCATIONALASSISTANCE | $30,000 |
SANDHILLS COMMUNITY COLLEGE FOUNDATION PURPOSE: PROVIDE EDUCATIONAL ASSISTANCE | $13,500 |
PIE IN THE SKY PURPOSE: FEED THOSE INNEED | $10,000 |
CHICAGO BOTANICAL GARDENS PURPOSE: CIVIC INTERESTS | $1,000 |
OVERFLOWING HANDS PURPOSE: FEED HUNGRYCHILDREN | $5,000 |