Pleasant Grove Foundation Inc
Nonprofit profile at a glance
- EIN
- 800759915
- IRS 990-EZ coverage
- 2020–2025
- Forms available
- Form 990-EZ 2025, Form 990-N 2019
- Location
- Cary, NC, USA
- Phone
- 5515007256
- Rating
- 88
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Human Service Organizations
Reported finances
- Revenue
- $129,864
- Expenses
- $132,667
- Assets
- $68,949
- Liabilities
- $250
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- DR ROSE CORNELIOUS (PRESIDENT)
People named in this filing
- DR ROSE CORNELIOUS (PRESIDENT)
- VALDA CHAUNCEY (VICE PRESIDE)
- JOE J JOHNSON (TREASURER)
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
To prepare students and young adults.
What it reported doing in 2025
The organization provides guidance and oversight in addition to being the fiscal agent for the dream academy (da), which has 95 registered students. The da provides monthly training sessions, college tours, and touring trips for 4th through 12th grade students along with assistance for college students who are alumni of the da program. It has maintained a 90+% graduate rate and college placement for 8 years. The program also conducts summer enrichment and stem programs for 60 students at cary academy.
Operating model
- Revenue model
- Donor-supported. 99% of the money available for current operations came from contributions and gifts.
- Distribution model
- Hybrid. The nonprofit split its reported program spending across 50% for direct work, and 50% for member benefits.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 83
- Transparency & Controls: 100
- Sustainability: 31
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 83.8%; rating input score 84
- Program expense ratio: 81.8%; rating input score 82
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
Sustainability
- Operating margin: -2.2%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.52; rating input score 39; 39th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 43; 43rd percentile among comparable filings
- Officer compensation ratio: 7.5%; rating input score 23; 23rd percentile among comparable filings
Growth
- Program expense growth: 35.7% per year; rating input score 100; 86th percentile among comparable filings
- Revenue growth: 20.7% per year; rating input score 100; 83rd percentile among comparable filings
- Asset growth: 4.8% per year; rating input score 100; 42nd percentile among comparable filings
Details
- Where the money goes: 83.8% of revenue deployed · 81.8% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $108K in reported program spending
- Leadership: top reported pay $0 · 14 people listed
- Consistency: 9 of 9 current checks pass
- Schedules: 3 filed schedules
- Filing history: 6 filing years from 2020 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- 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 — Sustainability: Operating margin scored 25/100.
- Moderate — Sustainability: Total-asset coverage ratio scored 39/100.
- High — Sustainability: Officer compensation ratio scored 23/100.
- Moderate — Sustainability: Liabilities to assets ratio scored 43/100.