Precious Pearl Inc
- Assets
- $31.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Locust, NJ
- Founding
- 05/2007
- Data as of
- 12/2023
- EIN
- 20-4082752
Organization Overview
Precious Pearl Inc is located in Locust, NJ. The organization was established in 2007. According to its NTEE Classification (X20) the organization is classified as: Christianity, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Precious Pearl Inc 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, Precious Pearl Inc generated $74.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (18.6%) each year. All expenses for the organization totaled $133.9k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (12.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PRECIOUS PEARL WAS ENGAGED IN EVANGELISM, FEEDING THE HUNGRY, AND EDUCATING THE UNDERPRIVILEGED IN 2021.
Describe the Organization's Program Activity:
Part 3
SEE SCHEDULE DESCRIBING PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephen Lovell President | 10 | $0 | |
R Macdonald Barnes Treasurer | 10 | $0 | |
Joseph Petzold Secretary | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,375 |
| Membership dues | $0 |
| Investment income | $2,398 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $74,773 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $484 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $133,387 |
| Total expenses | $133,871 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $31,479 |
| Other assets | $0 |
| Total assets | $31,479 |
| Total liabilities | $0 |
| Net assets or fund balances | $31,479 |