Ebony Pearls Foundation Inc
- Assets
- $241.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Jackson, MS
- Founding
- 07/1998
- Data as of
- 12/2021
- EIN
- 64-0896208
Organization Overview
Ebony Pearls Foundation Inc is located in Jackson, MS. The organization was established in 1998. According to its NTEE Classification (T30) the organization is classified as: Public 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. Ebony 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 12/2021, Ebony Pearls Foundation Inc generated $21.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $37.8k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
ACADEMIC SCHOLARS:THE EBONY PEARLS FOUNDATION, INC. PROVIDES ACADEMIC SCHOLARSHIPS TO GRADUATING HIGH SCHOOL SENIORS IN THE JACKSON, MS METROPOLITAN AREA. STUDENTS MUST COMPLETE AN APPLICATION PROCESS, SUBMIT AN ESSAY AND PARTICIPATE IN THE INTERVIEW PROCESS. ALL ARE JUDGED BY AN INDEPENDENT PANEL OF JUDGES. THE FOUNDATION AWARDED A TOTAL OF 28 SCHOLARSHIPS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cassandra Shelling-Brown Director | 1 | $0 | |
Chelsea Crittle Director | 1 | $0 | |
Gloria Salters Director | 1 | $0 | |
Gina Wallace Director | 1 | $0 | |
La'shon O'neal Director | 1 | $0 | |
Lashunna Mcinnis Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,979 |
| Total Program Service Revenue | $0 |
| Membership dues | $15,165 |
| Investment income | $32 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $21,176 |
| 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 | $1,505 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $208 |
| Other expenses | $36,041 |
| Total expenses | $37,754 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $241,652 |
| Other assets | $0 |
| Total assets | $241,652 |
| Total liabilities | $0 |
| Net assets or fund balances | $241,652 |