Legacy Of Pearls Foundation Inc
- Assets
- $212.4k
- Revenue
- $145.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Douglasville, GA
- Founding
- 07/2014
- Data as of
- 12/2020
- EIN
- 46-3742154
Organization Overview
Legacy Of Pearls Foundation Inc is located in Douglasville, GA. The organization was established in 2014. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Legacy Of Pearls Foundation 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 12/2020, Legacy Of Pearls Foundation Inc generated $145.2k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 33.4% each year . All expenses for the organization totaled $97.4k during the year ending 12/2020. While expenses have increased by 42.5% per year over the past 3 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO INSPIRE PEOPLE TO SERVE AND CONTRIBUTE TO THE OVERALL HEALTH OF FAMILIES AND COMMUNITIES THROUGH EDUCATIONAL ENRICHMENT AND COMMUNITY SERVICE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR MISSION IS TO INSPIRE PEOPLE TO SERVE AND CONTRIBUTE TO THE OVERALL HEALTH OF FAMILIES AND COMMUNITIES THROUGH EDUCATIONAL ENRICHMENT AND COMMUNITY SERVICE.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Quantindra Smith Treasurer | Officer | 0 | $0 |
Georgetta Royals Sr Vice President | Officer | 0 | $0 |
Roxanne Grimes President | Officer | 0 | $0 |
Katrina Harley Financial Secretary | Officer | 0 | $0 |
Carmen Butler Secretary | Officer | 0 | $0 |
Latanya Boatwright VP Development | Officer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $145,204 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $145,204 |
| Total Program Service Revenue | $0 |
| 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 | $145,204 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $15,425 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $79,668 |
| Interest | $0 |
| Payments to affiliates | $1,000 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,249 |
| All other expenses | $39 |
| Total functional expenses | $97,381 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,264 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $106,115 |
| 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 | $212,379 |
| 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 | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $212,379 |
| 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 | $212,379 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Legacy Of Pearls Foundation Inc has recieved totaling $1,616.
| Awarding Organization | Amount |
|---|---|
Mckesson Foundation Dallas, TX PURPOSE: CHARITABLE | $1,269 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $347 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillsborough Education Foundation Inc Tampa, FL | $10,731,665 | $10,065,447 |
Memphis Education Fund Inc Memphis, TN | $2,536,598 | $5,955,711 |
The Cottage School Educational Resource Center Inc Roswell, GA | $19,413,651 | $9,463,796 |
Pencil Foundation Nashville, TN | $3,991,693 | $7,143,023 |
Edreports Org Inc Durham, NC | $5,799,627 | $6,182,160 |
Slam Foundation Inc Miami, FL | $8,480,329 | $6,817,017 |
Grace Christian Academy Of Leipers Fork Franklin, TN | $10,280,279 | $8,867,909 |
Healthmpowers Inc Norcross, GA | $4,830,831 | $6,606,779 |
Manna Cafe Ministries Clarksville, TN | $2,290,772 | $5,669,916 |
Innovative Education Partnership Corporation Maryville, TN | $1,869,912 | $5,283,927 |
Association For The Advancement Of Education Inc Saxapahaw, NC | $14,393,237 | $5,390,894 |
Renaissance Learning Center Inc Jupiter, FL | $2,830,246 | $5,315,115 |