Pearl Mae Foundation
- Assets
- $132.5k
- Revenue
- $355.2k
- Investments
- $0.0
- Employees
- 1
- Location
- Jupiter, FL
- Founding
- 12/2016
- Data as of
- 12/2023
- EIN
- 32-0485613
Organization Overview
Pearl Mae Foundation is located in Jupiter, FL. The organization was established in 2016. According to its NTEE Classification (P11) the organization is classified as: Single Organization Support, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pearl Mae 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, Pearl Mae Foundation generated $355.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.3% each year . All expenses for the organization totaled $333.1k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO BENEFIT THE CITIZENS OF SOUTH FLORIDA, AWARD SCHOLARSHIPS TO STUDENTS, AND PROVIDE SENIOR ASSISTANCE AND HOUSING FOR THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PEARLS PANTRY PROVIDES LOW INCOME SENIORS FREE GROCERY DELIVERY OF FRESH PRODUCE, MEATS, AND EGGS WITH OVERSIGHT PROVIDED BY A TEAM OF CASE MANAGERS.
SENIOR GRANT PROGRAM - GIVES SUPPORT TO LOW-INCOME SENIORS IN TIMES OF FINANCIAL CRISIS BY PROVIDING A ONE-TIME GRANT OF UP TO $500. SOMES EXAMPLES OF CLIENT NEEDS INCLUDE: MEDICAL CO-PAYMENTS, UNFORESEEN BILLS, FOOD SHORTAGES, HOME RECONFIGURATIONS AND OTHER NEEDS THAT KEEP SENIORS SAFE AND HEALTHY.
PROVIDE SCHOLARSHIPS FOR GRADUATING HIGH SCHOOL STUDENTS SEEKING A CAREER IN THE HEALTHCARE OR FIRST RESPONDER FIELDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent Hood Treasurer | Trustee | 2 | $0 |
Nadia Barreto-Najarro Board Member | Trustee | 2 | $0 |
Debra Finnel President | Trustee | 2 | $0 |
Paola Wierzbicki Board Member | Trustee | 2 | $0 |
Philip Sprinkle III Secretary | Trustee | 2 | $0 |
Dr Vishnu Reddy Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $344,187 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $344,187 |
| Total Program Service Revenue | $10,991 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $355,178 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,596 |
| Grants and other assistance to domestic individuals. | $33,678 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,307 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,506 |
| Payroll taxes | $27,107 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,350 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,827 |
| Advertising and promotion | $4,493 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $30,189 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $14,048 |
| Interest | $3,300 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $4,533 |
| All other expenses | $11,011 |
| Total functional expenses | $333,112 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $117,513 |
| Savings and temporary cash investments | $15,000 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $132,513 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $72,148 |
| Total liabilities | $72,148 |
| Net assets without donor restrictions | $60,365 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $132,513 |