Overview
What is Seven Pearls Foundation Inc?
Seven Pearls Foundation Inc, located in Cary, North Carolina, is a nonprofit organization that aligns with the mission of Sigma Gamma Rho Sorority. They engage in various community service activities, such as conducting workshops focused on healthy choices, college admission, scholarship applications, and conflict resolution. Their initiatives extend to senior citizens, where they provide entertainment and essential items in nursing homes. The foundation also supports a shelter for teen mothers and their children, offering necessary items like pull-ups. To broaden their impact, Seven Pearls has formed partnerships with organizations like the American Heart Association and the Sickle Cell Disease Association, utilizing educational materials to inform the community. Yearly, they contribute to the NC RoadRunners Cancer Marathon.
Official website here: www.sevenpearls.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 34%
The Seven Pearls Foundation Inc has received a Zero-Star out of Four Star rating based on its low score of 34% in the Accountability & Finance category. A significant concern is the lack of independent board members, as there are none on the current board, which raises questions about governance and oversight. Furthermore, the organization is missing critical policies such as conflict of interest and whistleblower protections, which are essential for ensuring ethical operations.
Despite some strengths, such as no material diversion of assets and a favorable liabilities to assets ratio of 4.97%, the foundation's overall performance in financial management and transparency is lacking. The program expense ratio is also relatively low at 52.08%, which suggests that a smaller portion of funds are being directed towards programs compared to administrative costs.
Overall, while the Seven Pearls Foundation may have some positive elements, the significant shortcomings in governance, transparency, and financial efficiency highlighted by Charity Navigator indicate a need for improvement. Potential donors should consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Seven Pearls Foundation Inc legitimate?
Seven Pearls Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Seven Pearls Foundation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
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Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.sevenpearls.org
What is the mission statement of Seven Pearls Foundation Inc?
The Seven Pearls Foundation Inc. supports the initiatives of Sigma Gamma Rho Sorority by addressing community needs and establishing partnerships to tackle critical issues affecting society. The foundation organizes workshops focusing on healthy lifestyle choices, college admission, scholarship applications, and conflict resolution. They also engage in community outreach activities, such as providing entertainment and refreshments for seniors in nursing homes and donating essential items like disposable underpants and pull-ups for children in need. Furthermore, the foundation collaborates with organizations like the American Heart Association and the Sickle Cell Disease Association, educating the community using educational materials like videos and manuals. Annually, the Seven Pearls Foundation supports the NC RoadRunners Cancer Marathon.
Official website here: www.sevenpearls.org
Who is the CEO of Seven Pearls Foundation Inc?
Mary A Randle is the Vice President of Seven Pearls Foundation Inc. The CEO's salary of Seven Pearls Foundation Inc is $0 and their total compensation is $0.
Official website here: www.sevenpearls.org
What is the revenue of Seven Pearls Foundation Inc?
Seven Pearls Foundation Inc's revenue in 2022 was $459,088.
Official website here: www.sevenpearls.org
Who are the executives of Seven Pearls Foundation Inc and what are their salaries?
Here are 12 key members and their salaries (Seven Pearls Foundation Inc's CEO's salary is $0 and their total compensation is $0):
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Official website here: www.sevenpearls.org
Where can I find the form 990 for Seven Pearls Foundation Inc?
Seven Pearls Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.sevenpearls.org
Learn more at the official website: www.sevenpearls.org
Mission Statement of Seven Pearls Foundation Inc
The Seven Pearls Foundation, Inc., is committed to supporting the initiatives and programs of Sigma Gamma Rho Sorority by addressing the needs of the community and fostering partnerships to tackle the critical issues impacting the citizenry. The foundation's mission is to serve as a catalyst for change, providing essential services and forging collaborations that benefit the wider community.
In pursuit of its mission, the Seven Pearls Foundation organizes workshops and events that focus on promoting healthy choices, aiding in college admissions, and guiding individuals through the process of completing scholarship applications. The foundation also offers sessions on conflict resolution, aiming to foster understanding and harmony within the community. One of its notable events is Senior Day, where elderly residents in nursing homes are entertained, offered refreshments, and receive gifts such as disposable underpants.
Moreover, the Seven Pearls Foundation seeks to make a difference in various community sectors by partnering with organizations like the American Heart Association and the Sickle Cell Disease Association. Through these partnerships, the foundation educates the community using videos and written manuals to raise awareness about these critical issues. Every year, the foundation also supports the NC RoadRunners Cancer Marathon, further underscoring its commitment to community well-being.
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Impact
July, 2024
Seven Pearls Foundation Inc has a significant impact on the community by providing support for programs that address critical issues and community needs. Through workshops focusing on healthy choices, college admission, scholarships, and conflict resolution, the foundation empowers individuals with essential skills and knowledge. Additionally, their activities like Senior Day at nursing homes and visits to shelters for teen moms demonstrate their commitment to serving vulnerable populations. By developing partnerships with organizations like the American Heart Association and the Sickle Cell Disease Association, the foundation contributes to community education, promoting health and wellness. Furthermore, their support for initiatives like the NC RoadRunners Cancer Marathon highlights their dedication to making a positive difference in society.
This information is meant to be a general summary of Seven Pearls Foundation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $13
- Program Service Revenue: $259,648
- Gross Receipts: $622,249
Assets and Liabilities:
- Total Assets: $2,446,539
- Total Liabilities: $16,190
- Net Assets: $2,430,349
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Organization Details
Founding Year
2004
Principal Officer
Mary A Randle
Main Address
1000 Southhill Drive STE 100, Cary, NC, 27513
Website
www.sevenpearls.orgNTEE Category
Code: P20 - Human services
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