The Pearl Group Inc
Nonprofit profile at a glance
- EIN
- 010760434
- IRS 990-EZ coverage
- 2018–2024
- Forms available
- Form 990-EZ 2024, Form 990-N 2016
- Location
- Chattanooga, TN, USA
- Phone
- 4233153563
- Rating
- 63
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Professional Societies, Associations
Reported finances
- Revenue
- $100,268
- Expenses
- $120,309
- Assets
- $235,430
- Liabilities
- $203,107
Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
6 people listed
Executive titles in this filing
- GENE SETTLES (PRESIDENT)
People named in this filing
- GENE SETTLES (PRESIDENT)
- CURTIS COLLIER (SECRETARY)
- FRED MASTON (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 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To support education & youth development
What it reported doing in 2024
Scholarships awarded to high achieving students through a competitive process that includes an application, submissions of transcripts, and essay writing.
Operating model
- Revenue model
- Earned-program. 76% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 92% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - 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: 47
- Transparency & Controls: 82
- Sustainability: 35
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 50.1%; rating input score 50
- Program expense ratio: 42.9%; rating input score 43
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: -20%; rating input score 8; 8th percentile among comparable filings
- Total-asset coverage ratio: 1.96; rating input score 80; 80th percentile among comparable filings
- Liabilities to assets ratio: 0.86; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 49% per year; rating input score 100; 91st percentile among comparable filings
- Revenue growth: 24.7% per year; rating input score 100; 87th percentile among comparable filings
- Asset growth: 27.8% per year; rating input score 100; 86th percentile among comparable filings
Details
- Where the money goes: 50.1% of revenue deployed · 42.9% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 3 filed program accomplishments · $52K in reported program spending
- Leadership: top reported pay $0 · 6 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 2 filed schedules
- Filing history: 7 filing years from 2018 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.
- Review — Financial Efficiency: Mission deployment rate scored 50/100.
- Moderate — Financial Efficiency: Program expense ratio scored 43/100.
- High — Sustainability: Operating margin scored 8/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.