PEARL & IVY EDUCATIONAL FOUNDATION… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1988

Legal Domicile

Principal Officer

RAVEN L HILL

Phone

2022918668

Tax Period

2023-01-01 to 2023-12-31

PEARL & IVY EDUCATIONAL FOUNDATION INC, founded in 1988, is a small nonprofit that reported $175K in total revenue in fiscal year 2023. Revenue fell 53% from the prior year — a significant decline worth monitoring. Expenses of $225K exceeded revenue, resulting in a 29% operating deficit.

Mission

PROVIDING SCHOLARSHIPS TO DESERVING AND EXEMPLARY COLLEGE-BOUND HIGH SCHOOL SENIORS AND CONTINUING COLLEGE STUDENTS IN THE DISTRICT OF COLUMBIA.

Program Service Accomplishments

Program 1

Expenses: $199,975

PEARL AND IVY EDUCATIONAL FOUNDATION (PIEF) IS COMPRISED OF COLLEGE-EDUCATED, PROFESSIONAL WOMEN - COMMUNITY VOLUNTEERS WHO ARE DEDICATED TO SERVING THE NEEDS OF DISTRICT RESIDENTS.PIEF SERVES AS A COMMUNITY PARTNER OF XI OMEGA CHAPTER, THE FIRST AND LARGEST GRADUATE CHAPTER OF ALPHA KAPPA ALPHA SORORITY, INC., ESTABLISHED IN WASHINGTON, DC. IN ADDITION TO ANNUALLY AWARDING SCHOLARSHIPS IN COLLABORATION WITH XI OMEGA, PIEF PROVIDES AN ARRAY OF SERVICE PROGRAMS THAT FOCUS ON FAMILY EMPOWERMENT, YOUTH LEADERSHIP, ECONOMIC WEALTH, ENVIRONMENTAL AND SOCIAL JUSTICE MATTERS THAT UPLIFT OUR LOCAL COMMUNITY. TO DATE, PIEF HAS AWARDED MORE THAN $1 MILLION IN SCHOLARSHIPS.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $156,131

Program Service Revenue $0

Investment Income $18,555

Other Revenue $0

TOTAL REVENUE $174,686

Expense Breakdown

Grants Paid $164,753

Salaries & Benefits $0

Fundraising Expenses $1,412

Program Expenses $199,975

Other Expenses $60,064

TOTAL EXPENSES $224,817

Year-over-Year Comparison

	2023	2022	Change
Revenue	$174,686	$373,716	-0.5%
Expenses	$224,817	$160,310	+0.4%
Net Income	$-50,131	$213,406	-1.2%

Key Indicators

✗ Grants to Organizations ✓ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

736

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RAVEN L HILL	PRESIDENT	20.00	Officer Director	$0	$0	$0
ANGELA SCARBOROUGH	VICE PRESIDENT	10.00	Officer Director	$0	$0	$0
JENNIFER M COLEMAN	TREASURER	25.00	Officer Director	$0	$0	$0
Y GINA MCLAUGHLIN	FINANCIAL SECRETARY	10.00	Officer Director	$0	$0	$0
ANITRA REED	RECORDING SECRETARY	10.00	Officer Director	$0	$0	$0
LAVDENA ADAMS ORR	MEMBER AT LARGE	10.00	Officer Director	$0	$0	$0
AMANDA ALEXANDER	EXECUTIVE DIRECTOR	20.00	Officer Director	$0	$0	$0
ANNIEDALE BROWN	AUDIT CHAIRMAN	10.00	Officer Director	$0	$0	$0
DONNA WILLIAMS RUCKER	FUNDRAISING CHAIRMAN	10.00	Officer Director	$0	$0	$0
NADINE EADS	MEMBER AT LARGE/SEF CHAIRMAN	10.00	Officer Director	$0	$0	$0
IRIS MCCOLLUM GREEN	MEMBER AT LARGE	10.00	Officer Director	$0	$0	$0
NYIA HARRIS	SCHOLARSHIP CHAIRMAN	10.00	Officer Director	$0	$0	$0
ALYSSA KING-TURNER	PARLIAMENTARIAN	10.00	Officer Director	$0	$0	$0
R LUCIA RIDDLE	MEMBER AT LARGE/INVESTMENT CHAIRMAN	10.00	Officer Director	$0	$0	$0
MONICE SANDERS	MEMBER AT LARGE	10.00	Officer Director	$0	$0	$0
JAMILIA WALKER	MEMBER AT LARGE/PR CHAIRMAN	10.00	Officer 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	$174,686	$224,817	$1,183,331	$-50,131
2022	$373,716	$160,310	$1,128,336	$213,406
2021	$384,264	$176,564	$1,103,470	$207,700
2020	$293,043	$208,445	$964,346	$84,598

PEARL & IVY EDUCATIONAL FOUNDATION INC