The Pearl Group Inc is located in Longmont, CO. The organization was established in 2013. According to its NTEE Classification (P42) the organization is classified as: Single Parent Agencies, 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 Group 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 12/2021, Pearl Group Inc generated $311.9k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.6% each year . All expenses for the organization totaled $277.5k during the year ending 12/2021. While expenses have increased by 3.9% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE TAX EXEMPT NON-PROFIT CHARITABLE MISSION OF THE PEARL GROUP, INC. IS TO CREATE, IMPLEMENT AND PROVIDE SUSTAINABLE PROGRAMS WHEREBY SINGLE PARENT FAMILIES FIND HOPE AND SKILLS NECESSARY TO BUILD AN ECONOMICALLY AND EMOTIONALLY STABLE HOME ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE P.E.A.R.L.S PROGRAM INCLUDES FOCUS PEARL. THESE RELATIONSHIPS ARE DESIGNED TO GROW INTO FAMILIAL STYLE FRIENDSHIPS ALLOWING FOR MENTORING, LISTENING, GUIDANCE, PROBLEM SOLVING, RESPITE OUTINGS, AND FAMILIAL TYPE EXAMPLES OF SELF SUFFICIENY. THE FOCUSED PEARL PROGRAM IS A PROGRAM WHEREIN A SELECT GROUP OF MOTIVATED SINGLE PARENTS WERE INTERVIEWED AND SELECTED TO RECEIVE A MORE INTENSE LEVEL OF GUIDANCE AND ASSISTANCE INCLUDING JOB SKILLS ASSESSMENT AND TRAINING, TUITION REIMBURSEMENT, TUITION SCHOLARSHIPS, CHILD CARE ASSISTANCE, AND ANY OTHER FORM OF ASSISTANCE NEEDED TO REMOVE ANY POSSIBLE IMPEDIMENT TO THEIR ACHIEVING SELF SUFFICIENCY. INITIAL RESULTS OF THIS MULTI YEAR PROJECT ARE ENCOURAGING WITH MODERATE SUCCESS ACHIEVED TO DATE WITH A FULL OBJECTIVE ANALYSIS OF EFFORTS AND RESULTING SUCCESS CURRENTLY IN PROCESS. OVER 250 HOURS OF VOLUNTEER TIME IS PROVIDED ANNUALLY BY OVER 25 VOLUNTEERS.
THE CAR CARE CLINIC OPERATES MONTHLY OUT OF PROFESSIONAL AUTO CARE FACILITES STAFFED BY 17+ VOLUNTEERS CONTRIBUTING 1,050+ VOLUNTEER HOURS ANNUALLY. THE PURPOSE OF THE CAR CARE CLINIC PROGRAMMING IS TO ASSURE SAFE AND RELIABLE TRANSPORTATION FOR THE PARTICIPATING SINGLE PARENTS ALLOWING THEM TO BE MORE SELF SUFFICIENT. THE VOLUNTEERS SUPERVISED BY A MASTER MECHANIC INSPECT AND ASESS THE NEEDS OF EACH VEHICLE. TYPICAL REPAIRS MADE INCLUDE TIRES, BRAKES, WIPERS, LIGHTS, FLUIDS AND FILTER REPLACEMENTS. SEVERAL TIMES A YEAR REPLACEMENT VEHICLES ARE PROVIDED WHEN THE COST TO REPAIR IS TOO GREAT OR IRREPARABLE SAFETY CONCERNS ARE NOTED. THE REPALCEMENT VEHICLES ARE RECEIVED AS DONATIONS TO THE PROGRAM, ARE INSPECTED AND REFURBISHED AS NECESSARY. THE GOAL IS TO PROVIDE A SAFE AND RELIABLE TRANSPORTATION MEANS FOR THE SINGLE PARENTS AND FAMILIES ASSURING THEM ACCESS TO JOBS, CHILD CARE, MEDICAL, GROCERY, AND OTHER SELF SUFFICIENCY NEEDS. REPAIRS WERE MADE TO OVER 75 VEHICLES DURING THE REPORTING PERIOD OF THIS RETURN.
THE KIDS MENTORING PROGRAM IS A ONE TO ONE ADULT TO CHILD PROGRAM FOR THOSE CHILDREN NEEDING A MORE PERSONAL RELATIONSHIP. THE ADULTS ARE BACKGROUND CHECKED, TRAINED, AND PAIRED WITH AN APPROPRIATE CHILD. THE ADULTS PROVIDE ASSISTANCE WITH HOMEWORK ASSIGNMENTS, READING SKILL ENHANCEMENT, SOCIAL SKILLS TRAINING, BEHAVIORAL GUIDANCE, AND ADULT INTERACTION. EACH WEEK UP TO 20 CHILDREN RECEIVE ONE ON ONE MENTORING FROM ADULT VOLUNTEERS SUPERVISED BY A RETIRED DEPUTY SCHOOL SUPERINTENDENT. THE PROGRAM WAS EXPANDED IN 2014 TO PROVIDE MORE SUPPORT TO CHILDREN IN THE 1ST THROUGH 8TH GRADES.
GENERAL & OTHER ACTIVITIES THE PEARL GROUP, INC. ANNUALLY BUDGETS FUNDS FOR ONE FULL TIME PERSON WHO SEARVES AS THE EXECUTIVE DIRECTOR. TO ACCOMPLISH IT'S MISSION, THE PEARL GROUP, INC. HAS BEEN PRIVILEGED TO HAVE OVER 150 VOLUNTEERS CONTRIBUTING OVER 5,000 SERVICE HOURS TO THE SELECTED PROGRAMS. THESE ANNUAL VOLUNTEER SERVICE HOURS HAVE BEEN VALUED AT OVER 125,000. CONTRIBUTIONS OF CLOTHING, TO THE CLOSET, IS VALUED AT OVER 50,000 ANNUALLY. THE TRANSPORTATION PROGRAM HAS BENEFITIED FROM DONATED VEHICLES, DISCOUNTED AND DONATED CAR PARTS WHICH ARE USED IN THE CAR CARE CLINIC. FACILITY USAGE FOR THE ORGANIZATION'S ADMIN OFFICES, THE CLOSET, AND CAR CARE CLINICS WAS PROVIDED TO THE ORGANIZATION AT A VALUE THAT EXCEEDS 36,000 ANNUALLY. SOFTWARE AND PROFESSIONAL SERVICES RECEIVED ANNUALLY HAS BEEN VALUED AT OVER 5,000. THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY CONTRIBUTE IN EXCESS OF 1,000 HOURS OF TIME. FOOD AND BEVERAGES PROVIDED BY HUNDREDS OF VOLUNTEERS TO THE SINGLE MOM'S DINNERS AND MENTORING PROGRAMS ANNUALLY EXCEEDS 10,000 IN VALUE. IT IS ESTIMATED THAT THE VALUE OF IN-KIND SERVICES AND GOODS RECEIVED EXCEEDS 250,000 PER ANNUM. 100% OF THE CONTRIBUTED FUNDS HAVE BEEN SPENT ON DIRECT PROGRAMMING OR IN SUPPORT OF THE VARIOUS PROGRAMS OFFERED. WE WILL CONTINUE TO SEEK FUNDING IN THE FORM OF CONTRIBUTIONS AND GRANTS. PRIMARY VOLUNTEER FUNDRAISING EFFORTS HAVE BEEN PROVIDED TO THE PEARL GROUP, INC. BY THE PRESIDENT HAL BAGLEY AND VICE-PRESIDENT SCOTT OWEN AND SECONDARILY BY THE REMAINING BOARD MEMBERS. THE BOARD HAS AN ANNUAL PLANNING AND PROGRAMMING ASSESSMENT RETREAT WHEREBY EXISTING PROGRAMS ARE VIGOROUSLY EVALUATED FOR RESULTS, POSSIBLE IMPROVEMENT, STRUCTURAL EFFICIENCIES, AND NEEDS ASSESSMENT. NEW PROGRAMS ARE CONSIDERED. BUDGETS ARE ESTABLISHED. PROGRAM GOALS ARE SET AND/OR REVISED AS DEEMED NECESSARY BY THE BOARD TO ACHIEVE SUCCESS AT DESIRED COST LEVELS. RESPONSIBILITY FOR PROGRAMMING EFFORTS AND ACTIONS ARE DISCUSSED AND ASSIGNED. THE FINANCIAL RECORDS ARE RECONCILED AT YEAREND BY CERTIFIED PUBLIC ACCOUNTANT WHO SUBSEQUENTLY PREPARES THE ANNUAL TAX FILINGS AT NO COST TO THE ORGANIZATION. THE SINGLE MOMS PROGRAMMING ACTIVITIES INVOLVES OVER 100 VOLUNTEERS CONTRIBUTING 1800+ IN-KIND HOURS OF SERVICE. CREATING, MAINTAINING AND GROWING PARTNERSHIPS THAT TOGETHER PROVIDE PROGRAMMING ACTIVITIES FOR THE OVER 80 (AVERAGE) PARTICIPANTS THAT INCLUDE WEEKLY RESPITE DINNERS WITH EDUCATIONAL/INFORMATIONAL PROGRAMS BEING PRESENTED. THE SINGLE MOMS RECEIVE GROUP AND INDIVIDUAL MENTORING BY TRAINED VOLUNTEERS ASSISTING THE PARTICIPANTS IN ADDRESSING SINGLE PARENT LIFE COPING SKILLS, PARENTING SKILLS, FINANCIAL BUDGETING, BENEFITS ISSUES AND ASSESS GUIDANCE, GOAL SETTING AND OTHER ISSUES WHICH CHALLENGE THE SINGLE MOMS FROM TIME TO TIME. THE SINGLE MOMS ENJOY AN EVENING OF RESPITE FROM THE 24/7 CHALLENGE OF SINGLE PARENTING AS THE CHILDREN ARE PROVIDED ONE TO ONE MENTORING AND HOMEWORK ASSISTANCE BY A LONG TERM MENTOR RELATIONSHIP. PROFESSIONAL PROGRAMS ARE PRESENTED EACH WEEK IN A SAFE AND WELCOMING ENVIRONMENT THAT ENCOURAGES OPEN DISCUSSION AND RESULTANT PROBLEM SOLVING.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Hal Bagley Board Chair | OfficerTrustee | 5 | $0 |
Eli Frick Vice Chair | OfficerTrustee | 5 | $0 |
Kelli Smith Secretary | OfficerTrustee | 5 | $0 |
Angie Sanders Treasurer | OfficerTrustee | 5 | $0 |
Jessica Burgard Board Member | Trustee | 5 | $0 |
Melissa Frick Board Member | Trustee | 5 | $0 |
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 | $242,271 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $242,271 |
Total Program Service Revenue | $63,659 |
Investment income | $12 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $5,991 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $311,933 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $36,458 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $2,789 |
Fees for services: Management | $51,500 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $3,544 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $16,696 |
Office expenses | $6,979 |
Information technology | $2,920 |
Royalties | $0 |
Occupancy | $558 |
Travel | $0 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $600 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $3,402 |
All other expenses | $384 |
Total functional expenses | $277,458 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $255,020 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $1,000 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $17,685 |
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 | $273,705 |
Accounts payable and accrued expenses | $6,507 |
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 | $1,724 |
Total liabilities | $8,231 |
Net assets without donor restrictions | $0 |
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 | $265,474 |
Total liabilities and net assets/fund balances | $273,705 |
Over the last fiscal year, we have identified 4 grants that The Pearl Group Inc has recieved totaling $19,872.
Awarding Organization | Amount |
---|---|
Longmont Community Foundation Longmont, CO PURPOSE: PROGRAM SUPPORT | $7,600 |
Community First Foundation Arvada, CO PURPOSE: GENERAL PURPOSE | $6,972 |
Kiwanis International Inc Longmont, CO | | $5,250 |
Xcel Energy Foundation Minneapolis, MN PURPOSE: MATCHING EMPLOYEE DONATION | $50 |
Organization Name | Assets | Revenue |
---|---|---|
Warren Village Inc Denver, CO | $14,915,119 | $8,579,518 |
Climb Cheyenne, WY | $7,337,432 | $7,452,296 |
Eps Essential Pregnancy Services Inc Omaha, NE | $1,865,239 | $1,804,905 |
Hope Pregnancy Care Center St George, UT | $3,027,948 | $1,106,474 |
Avenues Early Childhood Services Incorporated Gallup, NM | $229,326 | $601,042 |
The Pearl Group Inc Longmont, CO | $273,705 | $311,933 |
Helping Hands For Single Moms Usa Goodyear, AZ | $32,594 | $0 |
Cottage Of Bartlesville Inc A Non-Profit Corporation Bartlesville, OK | $453,661 | $209,576 |
Casa De Mariposa Albuquerque, NM | $399,825 | $300,688 |
Hands Of Man Inc Pleasant Grove, UT | $7,854 | $0 |
Gries Family Charity Monument, CO | $30,287 | $0 |
Single Parent Support Network Oklahoma City, OK | $2,550 | $0 |