Overview
What is Pearl Initiative Inc?
Pearl Initiative Inc is a not-for-profit organization, founded in collaboration with the United Nations Office for Partnerships, based in Scarsdale, New York. Their primary focus is on encouraging corporate transparency, accountability, and good governance within the Arab world. The organization, primarily driven by the private sector, seeks to persuade corporations to invest in responsible business practices as they contribute to generating and preserving value in the global business environment. With around 12 employees, Pearl Initiative has been active in areas such as anti-corruption, good governance, accountability, and integrated reporting within the Gulf region. The initiative is recognized as a center of excellence at the American University of Sharjah and aims to improve business conditions for both U.S. and regional companies by fostering a culture of greater transparency and accountability in the Arabian Gulf region, thereby promoting competitive economic growth and sustainable social development.
Official website here: www.pearlinitiative.org
Is Pearl Initiative Inc legitimate?
Pearl Initiative Inc is a legitimate nonprofit organization registered as a 501(c)(6) entity. Pearl Initiative 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:
Executive Compensation: $189,052
Professional Fundraising Fees: $0
Other Salaries and Wages: $727,678
For more financial information, click here
Official website here: www.pearlinitiative.org
What is the mission statement of Pearl Initiative Inc?
Pearl Initiative Inc, an association of businesses with a shared interest in trade between the United States and the Arabian Gulf region, aims to promote the economic interests of its members. Its mission is to enhance transparency, accountability, and business practices within the community, working in collaboration with the United Nations Office for Partnerships. Recognized as a center of excellence at the American University of Sharjah, Pearl Initiative seeks to improve business conditions for U.S. businesses and regional enterprises by fostering a culture of greater accountability within the Arabian Gulf region. This, in turn, is expected to drive competitive economic growth and sustainable social development.
Official website here: www.pearlinitiative.org
Who is the CEO of Pearl Initiative Inc?
Pankaj Khatri is the Executive Dir. of Pearl Initiative Inc.
Official website here: www.pearlinitiative.org
What is the revenue of Pearl Initiative Inc?
Pearl Initiative Inc's revenue in 2022 was $923,271.
Official website here: www.pearlinitiative.org
Who are the executives of Pearl Initiative Inc and what are their salaries?
The average compensation at Pearl Initiative Inc during 2022 was $76,394. There are 12 employees and 1 volunteer at Pearl Initiative Inc.
Here are 17 key members and their salaries:
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Official website here: www.pearlinitiative.org
Where can I find the form 990 for Pearl Initiative Inc?
Pearl Initiative Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pearlinitiative.org
Learn more at the official website: www.pearlinitiative.org
Mission Statement of Pearl Initiative Inc
Pearl Initiative, an association of individuals with a shared interest in trade between the United States and the Arabian Gulf region, aims to promote the common economic interests of businesses within this community. Its mission is twofold: firstly, to enhance transparency and accountability within the region's commercial enterprises. By doing so, Pearl Initiative aims to foster a culture that encourages competitive economic growth. Secondly, the organization strives for sustainable social development, which is beneficial for both U.S. businesses interested in the region and regional businesses alike. The plan for Pearl Initiative has been developed in cooperation with the United Nations Office for Partnerships and is recognized as a center of excellence at the American University of Sharjah. This nonprofit organization is dedicated to improving business conditions in the region, ultimately contributing to a more prosperous and responsible business environment.
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Impact
October, 2024
Pearl Initiative Inc has made significant strides in fostering a culture of transparency, accountability, and good governance within the Arabian Gulf region. By bringing together a network of business leaders, it champions the cause of responsible business practices and corporate governance, recognizing that these elements are essential for creating a healthy and competitive business environment.
The organization actively drives initiatives focused on anti-corruption, accountability, and integrated reporting, showing a commitment to improving business practices across the region. Its collaborative approach, developed in consultation with the United Nations Office for Partnerships, positions it as a key player in the area of corporate responsibility and ethical business conduct.
Through its efforts, Pearl Initiative not only enhances the economic landscape for U.S. businesses interested in the Arabian Gulf but also supports regional enterprises by promoting best practices that lead to sustainable social development. The initiative’s emphasis on building a robust corporate culture enables businesses to understand that investing in governance is not merely an obligation but also a smart business decision that generates long-term value. In essence, Pearl Initiative Inc is instrumental in paving the way for a more accountable and transparent business community in the Gulf region, ultimately contributing to economic growth and improved trade relationships between the U.S. and the Arabian Gulf.
This information is meant to be a general summary of Pearl Initiative 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: $43,901
- Program Service Revenue: $550,000
- Gross Receipts: $923,271
Assets and Liabilities:
- Total Assets: $2,058,110
- Total Liabilities: $240,044
- Net Assets: $1,818,066
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Membership Dues & Assessments
Revenue
$550,000
Organization Details
Founding Year
2010
Principal Officer
Pankaj Khatri
Main Address
26 OLD LYME ROAD, SCARSDALE, NY, 10583
Website
www.pearlinitiative.orgNTEE Category
Code: S41 - Community improvement
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