Overview
What is Ivy & Pearls For Excellence Inc?
Ivy & Pearls For Excellence Inc is a nonprofit organization situated in Baltimore, Maryland. Their primary focus is to grant scholarships to eligible and deserving students within their community. The organization's mission extends beyond financial aid, aiming to encourage and enable these students to engage in various acts of service and contribute to their community in various ways. They strive to empower the next generation by providing them with the necessary resources to make a difference. The exact nature of these services and acts falls within the scope of their purpose.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 40%, Zero-Star out of Four Star Rating
Ivy & Pearls For Excellence Inc has received a low score of 40% from Charity Navigator, which results in a Zero-Star rating. This rating indicates significant concerns regarding the organization’s accountability and financial health. While the charity has a fully independent board with no material diversion of assets, it faces serious issues in other areas, such as missing critical policies and low program expense ratios.
The organization boasts strong governance features, including a majority of independent board members and proper documentation of board meeting minutes. However, it fails to meet basic accountability standards due to the absence of a conflict of interest policy and a whistleblower policy. Additionally, essential components like a website listed on the tax form and tax forms posted on its site are missing, affecting overall transparency.
Financially, the charity's program expense ratio is concerningly low at 21.98%, indicating that a minimal portion of its expenses is directed towards its programs. Furthermore, a liabilities to assets ratio of 2.02% raises red flags about its financial sustainability. Overall, the low ratings suggest that potential donors should exercise caution and seek more information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Ivy & Pearls For Excellence Inc legitimate?
Ivy & Pearls For Excellence Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ivy & Pearls For Excellence 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 Ivy & Pearls For Excellence Inc?
Ivy & Pearls For Excellence Inc's mission is centered around providing scholarships to qualified and deserving students within the community. The organization's purpose extends beyond academic support, encouraging these students to engage in various acts and services within their capabilities. The mission statement encourages students to perform any type of service that falls within the organization's objectives. Ivy & Pearls For Excellence Inc's primary activity is awarding scholarships to these deserving individuals, thereby empowering them to contribute positively to their communities.
Who is the CEO of Ivy & Pearls For Excellence Inc?
Michelle Freeman is the Director of Ivy & Pearls For Excellence Inc.
What is the revenue of Ivy & Pearls For Excellence Inc?
Ivy & Pearls For Excellence Inc's revenue in 2022 was $89,578.
Who are the executives of Ivy & Pearls For Excellence Inc and what are their salaries?
Here are 15 key members and their salaries:
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Where can I find the form 990 for Ivy & Pearls For Excellence Inc?
Ivy & Pearls For Excellence Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Ivy & Pearls For Excellence Inc
Ivy & Pearls For Excellence Inc is dedicated to providing scholarships to qualified and deserving students within the community, enabling them to engage in various acts and tasks that contribute to the betterment of society. The organization's mission is to empower these students by offering them financial assistance, enabling them to perform diverse types of service within the scope of their purposes. By awarding scholarships, Ivy & Pearls For Excellence Inc aims to foster the growth and development of the next generation, equipping them with the resources necessary to make a positive impact in their communities.
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Impact
October, 2024
Ivy & Pearls For Excellence Inc has a significant impact on the community by providing scholarships to qualified and deserving students. This initiative not only alleviates the financial burden of education but also empowers students to pursue their academic and career goals. By fostering access to higher education, the organization contributes to the development of a skilled workforce and nurtures future leaders in various fields.
The scholarships awarded by Ivy & Pearls serve as a crucial support system, enabling students to focus on their studies and personal growth without the constant worry of financial constraints. This investment in education strengthens the fabric of the community, promoting upward mobility and enhancing the overall quality of life for families. Through its commitment to service, Ivy & Pearls For Excellence Inc is creating lasting change and inspiring a new generation to strive for excellence.
This information is meant to be a general summary of Ivy & Pearls For Excellence 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: $232
- Program Service Revenue: $25,946
- Gross Receipts: $125,207
Assets and Liabilities:
- Total Assets: $1,106,652
- Total Liabilities: $26,443
- Net Assets: $1,080,209
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
ASSESSMENTS
Revenue
$25,946
Organization Details
Founding Year
1990
Phone
(410) 908-6772Principal Officer
Michelle Freeman
Main Address
PO BOX 67003, BALTIMORE, MD, 21215
NTEE Category
Code: P99 - Human services
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