Pearl Street A M E Community Development Corporation Inc
- Assets
- $1.2m
- Revenue
- $837.6k
- Investments
- $0.0
- Employees
- 1
- Location
- Jackson, MS
- Founding
- 05/2002
- Data as of
- 12/2022
- EIN
- 75-2982650
Organization Overview
Pearl Street A M E Community Development Corporation Inc is located in Jackson, MS. The organization was established in 2002. According to its NTEE Classification (P33) the organization is classified as: Child Day Care, 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 Street A M E Community Development Corporation 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 12/2022, Pearl Street A M E Community Development Corporation Inc generated $837.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 56.6% each year . All expenses for the organization totaled $743.9k during the year ending 12/2022. While expenses have increased by 59.7% per year over the past 6 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
THE MISSION IS TO IMPROVE THE QUALITY OF LIFE FOR THE ECONOMICALLY DEPRIVED METRO JACKSON COMMUNITY, PROVIDE EDUCATIONAL OPPORTUNITIES, AND ADVANCE ECONOMIC DEVELOPMENT BY MEETING THE SOCIAL NEEDS OF DISADVANTAGED FAMILIES, YOUTH, AND SENIOR CITIZENS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE HOUSING PROGRAM MAINTAINED A PROPERTY ON HARIOTTE AVE.
AFTERSCHOOL TUTORIALTHE PURPOSE OF THE AFTERSCHOOL PROGRAM IS TO POSITIVELY IMPACT THE LIVES OF HIGH POVERTY-LOW PERFORMING SCHOOLS IN THE JACKSON AREA. THE PROGRAM IS ALSO DESIGNED TO INCREASE ACADEMIC PERFORMANCE OF EACH STUDENT.
THE SUMMER FEEDING PROGRAM REDUCES HUNGER AND PROVIDES A NUTRITIOUS BREAKFAST AND HOT LUNCHES TO CHILDREN DURING THE SUMMER MONTH WHILE SCHOOL IS OUT. THE PEARL STREET CDC SUMMER FEEDING PROVIDED MORE THAN 10551 HOT MEALS DURING THE SUMMER OF 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Samuel Boyd Chairperson | Officer | 2 | $0 |
Michael Gates 2nd Vice President | Officer | 1 | $0 |
Georgianna Brook Member | Officer | 1 | $0 |
Feliece Coleman Member | Officer | 1 | $0 |
Malone Hughes Member | Officer | 1 | $0 |
Hazel Gaines Secretary | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,921 |
| All other contributions, gifts, grants, and similar amounts not included above | $147,771 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,692 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$1,195 |
| 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 | $837,639 |
| 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 | $81,875 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,597 |
| 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 | $0 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,556 |
| All other expenses | $25,212 |
| Total functional expenses | $743,934 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $837,639 |
| 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 | $379,710 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,217,349 |
| 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 | $1,217,349 |
| 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 | $1,217,349 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pearl Street A M E Community Development Corporation Inc has recieved totaling $15,000.
| Awarding Organization | Amount |
|---|---|
Aarp Washington, DC PURPOSE: General support | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute Of Community Services Incorporated Holly Springs, MS | $9,988,198 | $44,765,100 |
Porter-Leath Memphis, TN | $49,048,141 | $36,176,100 |
Gulf Regional Early Childhood Services Inc Mobile, AL | $4,519,682 | $13,000,222 |
Positively Living Inc Knoxville, TN | $4,436,601 | $10,571,861 |
Childcare Resources Birmingham, AL | $765,038 | $7,739,319 |
Habilitation And Training Services Inc Gallatin, TN | $2,538,366 | $5,452,693 |
Hope House Day Care Center Inc Memphis, TN | $2,837,184 | $4,486,515 |
Moore Community House Biloxi, MS | $3,769,419 | $3,681,431 |
Kids Place Inc Mascot, TN | $6,329,677 | $5,099,864 |
Chip Hale Center Inc Rogersville, TN | $1,329,458 | $3,329,017 |
St Lukes Community House Episcopal Inc Nashville, TN | $6,589,797 | $3,594,786 |
Mcneilly Center For Children Inc Nashville, TN | $2,351,353 | $2,388,192 |