The Pearson Foundation
- Assets
- $27.2k
- Revenue
- $146.6k
- Investments
- $0.0
- Employees
- 0
- Location
- Pearl, MS
- Founding
- 05/2001
- Data as of
- 12/2022
- EIN
- 64-0935063
Organization Overview
The Pearson Foundation is located in Pearl, MS. The organization was established in 2001. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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. Pearson 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 12/2022, Pearson Foundation generated $146.6k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.9% each year . All expenses for the organization totaled $139.6k during the year ending 12/2022. While expenses have increased by 16.4% per year over the past 8 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
THROUGH A PRAYER-CARE-SHARE APPROACH THAT ADDS VALUE TO PEOPLES LIVES SO THAT THOSE LIVES ARE POSITIVELY TRANSFORMED.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PEARSON FOUNDATION OPERATES PROGRAMS SPECIFICALLY TARGETING YOUTH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jarvis Ward President | Officer | 60 | $62,196 |
Betty Lloyd Instructor | Officer | 8 | $16,500 |
Jenell Chavis Dir Of Develop | Officer | 20 | $4,100 |
Thornton Castl Vice President | Officer | 4 | $0 |
Kaitlyn Ward Asst Secretary | Officer | 4 | $0 |
Brena C Ward Treasurer | Officer | 10 | $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 | $146,579 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $146,579 |
| 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 | $146,579 |
| 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. | $74,700 |
| Compensation of current officers, directors, key employees. | $23,904 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,913 |
| 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 | $200 |
| 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 | $4,512 |
| Information technology | $1,793 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $713 |
| All other expenses | $0 |
| Total functional expenses | $139,561 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,159 |
| Savings and temporary cash investments | $0 |
| 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 | $27,159 |
| 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 | $3,000 |
| Net assets with donor restrictions | $24,159 |
| 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 | $27,159 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Pearson Foundation has recieved totaling $13,456.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $7,699 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $5,340 |
American Fidelity Foundation Oklahoma City, OK PURPOSE: EDUCATION OUTREACH | $300 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $117 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Arkansas Support Network Inc Springdale, AR | $7,815,906 | $32,715,852 |
Centers For Youth And Families Inc Little Rock, AR | $16,763,038 | $23,040,130 |
Mississippi Childrens Home Society Jackson, MS | $27,972,743 | $21,388,491 |
Family Guidance Center Montgomery, AL | $13,687,977 | $20,448,992 |
Gulf Coast Teaching Family Services Incorporated Metairie, LA | $8,813,901 | $14,214,700 |
Family Resource Agency Inc Cleveland, TN | $1,737,951 | $12,329,517 |
Agape Child And Family Services Inc Memphis, TN | $4,822,758 | $10,716,983 |
Family And Childrens Service Nashville, TN | $12,864,767 | $8,385,396 |
Exchange Club-Carl Perkins Center For The Prevention Of Child Abuse Jackson, TN | $7,537,122 | $5,962,731 |
The Family Resource Center Of North Mississippi Inc Tupelo, MS | $1,328,351 | $3,907,789 |
New Orleans Family Justice Alliance Inc New Orleans, LA | $1,660,298 | $4,581,133 |
Jones Center For Families Inc Springdale, AR | $19,146,253 | $5,651,307 |