EBONY PEARLS FOUNDATION INC

EIN: 640896208 501(c)(3) Philanthropy & Grantmaking

JACKSON, MS

Total Revenue
$311,465
Total Expenses
$81,172
Total Assets
$850,962
Net Assets
$454,887
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
MS
Principal Officer
PATRICIA MAGEE
Phone
6013451551
Tax Period
2023-01-01 to 2023-12-31

EBONY PEARLS FOUNDATION INC, founded in 1998, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $311K in total revenue in fiscal year 2023. The organization ran a surplus of $230K, a strong 74% operating margin.

Mission

THE MISSION OF EBONY PEARLS FOUNDATION, INC. IS TO SERVE AS A CATALYST FOR SCHOLARSHIPS, LEADERSHIP DEVELOPMENT, EDUCATION AND TRAINING AND FINANCIAL SUPPORT TO THE COMMUNITIES OF HINDS, MADISON AND RANKIN COUNTIES IN ORDER TO ENHANCE THE QUALITY OF LIFE BY PROVIDING ACCESS TO NECESSARY RESOURCES.

Program Service Accomplishments

Program 1
Expenses: $56,433

SCHOLARSHIP PROGRAM: EIGHT (8) SCHOLARSHIPS WERE AWARDED TO SELECTED GRADUATING HIGH SCHOOL SENIORS FROM THE JACKSON METRO AREA, WHO HAVE ENROLLED IN COLLEGES OR UNIVERSITIES FOR THE FALL 2023...

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SCHOLARSHIP PROGRAM: EIGHT (8) SCHOLARSHIPS WERE AWARDED TO SELECTED GRADUATING HIGH SCHOOL SENIORS FROM THE JACKSON METRO AREA, WHO HAVE ENROLLED IN COLLEGES OR UNIVERSITIES FOR THE FALL 2023 SEMESTER.

Program 2
Expenses: $8,551

EMPOWHER CONFERENCE: FINANCIAL SUPPORT AND ACTIVE PARTICIPATION WAS GIVEN TO THE EMPOWHER CONFERENCE IN COLLABORATION WITH THE RHO LAMBDA OMEGA CHAPTER OF ALPHA KAPPA ALPHA SORORITY, INCORPORATED...

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EMPOWHER CONFERENCE: FINANCIAL SUPPORT AND ACTIVE PARTICIPATION WAS GIVEN TO THE EMPOWHER CONFERENCE IN COLLABORATION WITH THE RHO LAMBDA OMEGA CHAPTER OF ALPHA KAPPA ALPHA SORORITY, INCORPORATED. APPROXIMATELY 60 GIRLS (7TH-12TH GRADERS) WERE IN ATTENDANCE AT THE CONFERENCE WHICH WAS HELD IN SEPTEMBER, 2023.

Program 3
Expenses: $4,275

CLOTHES GIVE-AWAY: GENTLY WORN AND NEW CLOTHING ITEMS WERE SHARED WITH GOODWILL, RIDGELAND HIGH SCHOOL AND THE NEEDY IN THE NORTH JACKSON AREA.

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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 $287,197
Program Service Revenue $0
Investment Income $5,643
Other Revenue $18,625
TOTAL REVENUE $311,465

Expense Breakdown

Grants Paid $8,100
Salaries & Benefits $0
Fundraising Expenses $300
Program Expenses $69,259
Other Expenses $73,072
TOTAL EXPENSES $81,172

Year-over-Year Comparison

2023 2022 Change
Revenue $311,465 N/A N/A
Expenses $81,172 N/A N/A
Net Income $230,293 $0 N/A
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
15
Independent Members
15
Employees
N/A
Volunteers
15

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
4
$0
Total Directors
15
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PATRICIA MAGEE PRESIDENT 1.00
Officer Director
$0 $0 $0
KIFFANY LEE VICE PRESIDENT 1.00
Officer Director
$0 $0 $0
ANITRA COOPER SECRETARY 1.00
Officer Director
$0 $0 $0
CARMEN DAVIS TREASURER 1.00
Officer Director
$0 $0 $0
NATUNYA JOHNSON FINANCIAL SECRETARY 1.00
Director
$0 $0 $0
SCHRITA BLACKMON CORRESPONDING SECRETARY 1.00
Director
$0 $0 $0
GENNIE LACY JONES ASSISTANT TREASURER 1.00
Director
$0 $0 $0
REGINA DUCKSWORTH ASSISTANT FINANCIAL SECRETARY 1.00
Director
$0 $0 $0
CECELIA BASS DIRECTOR 1.00
Director
$0 $0 $0
CHELSEA CRITTLE DIRECTOR 1.00
Director
$0 $0 $0
GLORIA JOHNSON DIRECTOR 1.00
Director
$0 $0 $0
ROBBIE KEMP DIRECTOR 1.00
Director
$0 $0 $0
JUANDALYN D MAGEE DIRECTOR 1.00
Director
$0 $0 $0
PATRICIA TAYLOR DIRECTOR 1.00
Director
$0 $0 $0
SANDRA CARR-MELVIN FORMER DIRECTOR 1.00
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $311,465 $81,172 $850,962 $230,293
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