THE PEARL GROUP INC

EIN: 455530404 501(c)(3) Human Services

LONGMONT, CO

Total Revenue
$183,563
Total Expenses
$267,675
Total Assets
$187,958
Net Assets
$176,351
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2012
Legal Domicile
CO
Principal Officer
HAL BAGLEY
Tax Period
2023-01-01 to 2023-12-31

THE PEARL GROUP INC, founded in 2012, is a small nonprofit in the Human Services sector that reported $184K in total revenue in fiscal year 2023. Revenue fell 31% from the prior year — a significant decline worth monitoring. Expenses of $268K exceeded revenue, resulting in a 46% operating deficit.

Mission

THE TAX EXEMPT NON-PROFIT CHARITABLE MISSION OF THE PEARL GROUP, INC. IS TO CREATE, IMPLEMENT AND PROVIDE SUSTAINABLE PROGRAMS WHEREBY SINGLE PARENT FAMILIES FIND HOPE AND SKILLS NECESSARY TO BUILD AN ECONOMICALLY AND EMOTIONALLY STABLE HOME ENVIRONMENT.

Program Service Accomplishments

Program 1
Expenses: $62,795

THE P.E.A.R.L.S PROGRAM INCLUDES FOCUS PEARL. THESE RELATIONSHIPS ARE DESIGNED TO GROW INTO FAMILIAL STYLE FRIENDSHIPS ALLOWING FOR MENTORING, LISTENING, GUIDANCE, PROBLEM SOLVING, RESPITE OUTINGS...

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THE P.E.A.R.L.S PROGRAM INCLUDES FOCUS PEARL. THESE RELATIONSHIPS ARE DESIGNED TO GROW INTO FAMILIAL STYLE FRIENDSHIPS ALLOWING FOR MENTORING, LISTENING, GUIDANCE, PROBLEM SOLVING, RESPITE OUTINGS, AND FAMILIAL TYPE EXAMPLES OF SELF SUFFICIENY. THE FOCUSED PEARL PROGRAM IS A PROGRAM WHEREIN A SELECT GROUP OF MOTIVATED SINGLE PARENTS WERE INTERVIEWED AND SELECTED TO RECEIVE A MORE INTENSE LEVEL OF GUIDANCE AND ASSISTANCE INCLUDING JOB SKILLS ASSESSMENT AND TRAINING, TUITION REIMBURSEMENT, TUITION SCHOLARSHIPS, CHILD CARE ASSISTANCE, AND ANY OTHER FORM OF ASSISTANCE NEEDED TO REMOVE ANY POSSIBLE IMPEDIMENT TO THEIR ACHIEVING SELF SUFFICIENCY. INITIAL RESULTS OF THIS MULTI YEAR PROJECT ARE ENCOURAGING WITH MODERATE SUCCESS ACHIEVED TO DATE WITH A FULL OBJECTIVE ANALYSIS OF EFFORTS AND RESULTING SUCCESS CURRENTLY IN PROCESS. OVER 250 HOURS OF VOLUNTEER TIME IS PROVIDED ANNUALLY BY OVER 25 VOLUNTEERS.

Program 2
Expenses: $66,269 Revenue: $21,015

THE TRANSPORTATION PROGRAM OPERATES MONTHLY OUT OF PROFESSIONAL AUTO CARE FACILITIES STAFFED BY 25+ VOLUNTEERS CONTRIBUTING 138,622 IN SERVICES VALUE PLUS AN ADDITIONAL 909 VOLUNTEER HOURS. THE...

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THE TRANSPORTATION PROGRAM OPERATES MONTHLY OUT OF PROFESSIONAL AUTO CARE FACILITIES STAFFED BY 25+ VOLUNTEERS CONTRIBUTING 138,622 IN SERVICES VALUE PLUS AN ADDITIONAL 909 VOLUNTEER HOURS. THE PURPOSE OF THE CAR CARE CLINIC PROGRAMMING IS TO ASSURE SAFE AND RELIABLE TRANSPORTATION FOR THE PARTICIPATING SINGLE PARENTS ALLOWING THEM TO BE MORE SELF-SUFFICIENT. THE VOLUNTEERS, SUPERVISED BY A MASTER MECHANIC, INSPECT AND ASSESS THE NEEDS OF EACH VEHICLE. TYPICAL REPAIRS MADE INCLUDE TIRES, BRAKES, WIPERS, LIGHTS, FLUIDS AND FILTER REPLACEMENTS. SEVERAL TIMES PER YEAR REPLACEMENT VEHICLES ARE PROVIDED WHEN THE COST TO REPAIR IS TOO GREAT OR IRREPARABLE SAFETY CONCERNS ARE NOTED. THE REPLACEMENT VEHICLES ARE RECEIVED AS DONATIONS TO THE PROGRAM, ARE INSPECTED AND REFURBISHED AS NECESSARY. THE GOAL IS TO PROVIDE A SAFE AND RELIABLE TRANSPORTATION MEANS FOR THE SINGLE PARENTS AND FAMILIES ASSURING THEM ACCESS TO JOBS, CHILDCARE, MEDICAL, GROCERY, AND OTHER SELF SUFFICIENCY NEEDS. REPAIRS WERE MADE TO 157 VEHICLES DURING THE REPORTING PERIOD OF THIS RETURN.

Program 3
Expenses: $9,994 Revenue: $5,300

THE KIDS MENTORING PROGRAM IS A ONE-TO-ONE ADULT TO CHILD (GRADES 1-8) PROGRAM FOR THOSE CHILDREN NEEDING A MORE PERSONAL RELATIONSHIP. THE ADULTS ARE BACKGROUND CHECKED, TRAINED, AND PAIRED WITH AN...

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THE KIDS MENTORING PROGRAM IS A ONE-TO-ONE ADULT TO CHILD (GRADES 1-8) PROGRAM FOR THOSE CHILDREN NEEDING A MORE PERSONAL RELATIONSHIP. THE ADULTS ARE BACKGROUND CHECKED, TRAINED, AND PAIRED WITH AN APPROPRIATE GENDER MATCHED CHILD. THE ADULTS PROVIDE ASSISTANCE WITH HOMEWORK ASSIGNMENTS, READING SKILL ENHANCEMENT, SOCIAL SKILLS TRAINING, BEHAVIORAL GUIDANCE, AND ADULT INTERACTION. EACH WEEK UP TO 20 CHILDREN RECEIVE ONE ON ONE MENTORING FROM ADULT VOLUNTEERS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $119,036
Program Service Revenue $26,315
Investment Income $298
Other Revenue $37,914
TOTAL REVENUE $183,563

Expense Breakdown

Grants Paid $0
Salaries & Benefits $96,039
Fundraising Expenses $0
Program Expenses $267,675
Other Expenses $171,636
TOTAL EXPENSES $267,675

Year-over-Year Comparison

2023 2022 Change
Revenue $183,563 $266,293 -0.3%
Expenses $267,675 $271,304 0.0%
Net Income $-84,112 $-5,011 +15.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
10
Independent Members
10
Employees
3
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
10
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
HAL BAGLEY BOARD CHAIR 8.00
Officer Director
$0 $0 $0
SARAH HAAN BOARD MEMBER 2.00
Director
$0 $0 $0
MORGAN HOLTRY BOARD MEMBER 1.00
Director
$0 $0 $0
DEBRA LARKIN BOARD MEMBER 6.00
Director
$0 $0 $0
SANDRA MCLATCHIE BOARD MEMBER 2.00
Director
$0 $0 $0
SCOTT OWEN BOARD MEMBER 8.00
Director
$0 $0 $0
CHRIS RAY BOARD MEMBER 3.00
Director
$0 $0 $0
ANGIE SANDERS TREASURER 4.00
Officer Director
$0 $0 $0
KELLI SMITH SECRETARY 6.00
Officer Director
$0 $0 $0
SHELLEY TAYLOR BOARD MEMBER 2.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $183,563 $267,675 $187,958 $-84,112
2022 $266,293 $271,304 $265,047 $-5,011
2021 $311,933 $277,458 $273,705 $34,475
2020 $308,408 $203,671 $231,146 $104,737
2019 $182,268 $124,475 $127,245 $57,793
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