20 Pearls Foundation Inc
Nonprofit profile at a glance
- EIN
- 541794124
- IRS 990-EZ coverage
- 2010–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2019
- Location
- Newport News, VA, USA
- Rating
- 52
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Scholarships, Student Financial Aid Services, Awards
Reported finances
- Revenue
- $64,818
- Expenses
- $95,789
- Assets
- $47,534
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
30 people listed
Executive titles in this filing
- KAREN BAZEMORE PERSON (PRESIDENT)
- SAMANTHA RICHARDS (EXECUTIVE DIRECTOR)
- SHARON RUSSELL (VICE PRESIDENT)
People named in this filing
- DIANNE BLAKENEY (BOARD DIRECTOR)
- KAREN BAZEMORE PERSON (PRESIDENT)
- SAMANTHA RICHARDS (EXECUTIVE DIRECTOR)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Community service projects
What it reported doing in 2024
Scholarships, grants and donations awarded
Operating model
- Revenue model
- Donor-supported. 97% of the money available for current operations came from contributions and gifts.
- Distribution model
- Cannot be determined from the filing. The filing does not provide enough consistent spending detail to tell whether the nonprofit works directly or through others.
The verdict
MIXED - The filed numbers largely add up and program spending has grown recently. A relatively small share of available resources goes toward mission work and a relatively small share of total spending goes to programs.
Rating breakdown
- Financial Efficiency: 25
- Transparency & Controls: 82
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 28.2%; rating input score 28
- Program expense ratio: 19.1%; rating input score 19
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -47.8%; rating input score 13; 13th percentile among comparable filings
- Total-asset coverage ratio: 0.5; rating input score 29; 29th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 68; 68th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings
Growth
- Program expense growth: 7% per year; rating input score 100; 66th percentile among comparable filings
- Revenue growth: 11.1% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 1.8% per year; rating input score 100; 46th percentile among comparable filings
Details
- Where the money goes: 28.2% of revenue deployed · 19.1% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $18K in reported program spending
- Leadership: top reported pay $0 · 30 people listed
- Consistency: 8 of 9 current checks pass · 1 finding to review
- Schedules: 2 filed schedules
- Filing history: 9 filing years from 2010 to 2024
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Mission deployment rate scored 28/100.
- High — Financial Efficiency: Program expense ratio scored 19/100.
- Moderate — Transparency & Controls: Part III transfer expenses within program total did not reconcile in the filed values.
- High — Sustainability: Operating margin scored 13/100.
- High — Sustainability: Total-asset coverage ratio scored 29/100.
- Review — Sustainability: Officer compensation ratio scored 56/100.