Overview
What is Twenty Pearls Foundation Inc?
Twenty Pearls Foundation Inc, based in Matteson, Illinois, is a nonprofit organization dedicated to uplifting the Chicago Southland community. They accomplish this mission by offering scholarships and engaging in various philanthropic programs. These initiatives aim to enhance the health, welfare, and educational development of individuals and families, thereby promoting their overall well-being. In addition, the foundation supports three other nonprofits with financial contributions, further extending its reach and impact within the community. The foundation also promotes the appreciation of the arts, adding a cultural dimension to its philanthropic activities.
Is Twenty Pearls Foundation Inc legitimate?
Twenty Pearls Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Twenty 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.
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What is the mission statement of Twenty Pearls Foundation Inc?
The Twenty Pearls Foundation Inc's mission is centered around contributing to the community through scholarships and various philanthropic programs. These initiatives aim to enhance the health, welfare, and educational development of individuals and families. Furthermore, the foundation seeks to promote the appreciation of the arts within this community. In practice, they have awarded scholarships to deserving individuals totalling $5,000 and have also supported three other non-profit organizations with a combined donation of $2,500.
Who is the CEO of Twenty Pearls Foundation Inc?
Michelle Clark is the President of Twenty Pearls Foundation Inc.
What is the revenue of Twenty Pearls Foundation Inc?
Twenty Pearls Foundation Inc's revenue in 2022 was $97,590.
Who are the executives of Twenty Pearls Foundation Inc and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Twenty Pearls Foundation Inc?
Twenty Pearls Foundation Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Twenty Pearls Foundation Inc
Twenty Pearls Foundation Inc is dedicated to contributing to the well-being of individuals and families in the community by providing scholarships and engaging in various philanthropic programs. Their mission is twofold: firstly, they aim to enhance the health, welfare, and educational development of individuals and families. Secondly, they strive to promote the appreciation of the arts within the community. Through their scholarships, they offer financial assistance to deserving individuals, contributing to their educational growth. Additionally, they support other non-profit organizations, further extending their reach and impact in the community.
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Impact
October, 2024
Twenty Pearls Foundation Inc significantly impacts the Chicago Southland community through its commitment to enhancing the health, welfare, and educational development of individuals and families. By awarding scholarships totaling $5,000 to deserving individuals, the foundation empowers recipients to pursue their educational goals, fostering personal and professional growth.
In addition to its scholarship program, the foundation supports local initiatives by providing $2,500 to three other nonprofit organizations, thereby amplifying the positive effects within the community. Its dedication to promoting the appreciation of the arts further enriches the cultural landscape of the region, making it a vital contributor to community improvement efforts. Overall, Twenty Pearls Foundation Inc plays a transformative role in strengthening the fabric of the community it serves.
This information is meant to be a general summary of Twenty 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: $10
- Program Service Revenue: $76,855
- Gross Receipts: $97,590
Assets and Liabilities:
- Total Assets: $106,219
- Total Liabilities: $0
- Net Assets: $106,219
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM INCOME
Revenue
$74,355
SCHOLARSHIP DONATIONS
Revenue
$2,500
Organization Details
Founding Year
2001
Principal Officer
Michelle Clark
Main Address
P O BOX 1516, MATTESON, IL, 60443
NTEE Category
Code: S81 - Community improvement
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