Chesapeake P E a R L S Inc
Nonprofit profile at a glance
- EIN
- 320181030
- IRS 990-EZ coverage
- 2024–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2023
- Location
- Chesapeake, VA, USA
- Phone
- 7575354640
- Rating
- 47
- Verdict
- MIXED
- Rating confidence
- Moderate
- Sector
- Fund Raising and Fund Distribution
Reported finances
- Revenue
- $135,072
- Expenses
- $138,952
- Assets
- $33,255
- Liabilities
- $0
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
7 people listed
Executive titles in this filing
- Rasha Shankle (Chief Executive Officer)
- LaToya Sivells (Vice Chief Executive Officer)
People named in this filing
- Rasha Shankle (Chief Executive Officer)
- LaToya Sivells (Vice Chief Executive Officer)
- Raven Hoggard (Keeper of Records & Seals)
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 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organizations primary purpose is to Promotion of Education through Reading and literacy.
What it reported doing in 2025
The organization was able to provide financial scholarships to the high school students in the City of Chesapeake and provide community service programs and funds throughout Chesapeake and the Tidewater Virginia area.
Operating model
- Revenue model
- Earned-program. 88% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.
The verdict
MIXED - The filed numbers largely add up. 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: 22
- Transparency & Controls: 82
- Sustainability: 33
- Growth: 40
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 22.2%; rating input score 22
- Program expense ratio: 21.6%; rating input score 22
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -2.9%; rating input score 23; 23rd percentile among comparable filings
- Total-asset coverage ratio: 0.24; rating input score 22; 22nd percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: -34.6% per year; rating input score 0; 7th percentile among comparable filings
- Revenue growth: 35.3% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: -11% per year; rating input score 0; 10th percentile among comparable filings
Details
- Where the money goes: 22.2% of revenue deployed · 21.6% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $30K in reported program spending
- Leadership: top reported pay $0 · 7 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 1 filed schedules
- Filing history: 2 filing years from 2024 to 2025
- Contacts: How to reach this organization
- Money network: Resolved incoming and outgoing counterparties from filed money flows.
- Related organizations: Filed and resolved organization relationships.
- 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 22/100.
- High — Financial Efficiency: Program expense ratio scored 22/100.
- High — Growth: Program expense growth scored 0/100.
- High — Sustainability: Operating margin scored 23/100.
- High — Sustainability: Total-asset coverage ratio scored 22/100.
- High — Growth: Asset growth scored 0/100.