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EIN 37-1422562

Pearls of Promise Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Detroit
State
Michigan
Year formed
2002
Most recent tax filings
2023-12-01
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
Description
The Pearls of Promise Foundation awards scholarships and book stipends to high school students. Applicants must submit a 1 page essay and receive recommendations from their teachers and staff. During a virtual celebration with their family members, all scholarship recipients are recognized by the foundation.
Also known as...
Lambda Pi Omega Foundation of Detroit
Total revenues
$57,626
2023
Total expenses
$51,816
2023
Total assets
$436,719
2023
Num. employees
0
2021

Program areas at Pearls of Promise Foundation

Provided scholarships and book stipends to high school students based on an application, a 1 page essay and recommendations from teachers and staff. All scholarship recipients were acknowledged during a virtual celebration with their family members and Foundation members.

Who funds Pearls of Promise Foundation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Kresge FoundationMatching Gift$250

Personnel at Pearls of Promise Foundation

NameTitleCompensation
Andrea YoungTreasurer$0
Crystal Y SewellPresident / Memberatlarge$0
Faira GlennPast Assistant Treasurer$0
Pamela ParksFund Development Chairman / Fundraising$0
Ivy FieldsrelefordDirector at Large / Member$0
...and 6 more key personnel

Financials for Pearls of Promise Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$18,881
Program services$38,566
Membership dues$14,552
Investment income and dividends$0
Net gain from sale of non-inventory assets$0
Net income from gaming activities and fundraising events, combined$0
Net income from sales of inventory$179
Miscellaneous revenues$0
Total revenues$57,626

Form 990s for Pearls of Promise Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-08990EZView PDF
2022-122023-11-16990EZView PDF
2021-122022-10-28990View PDF
2020-122021-09-03990EZView PDF
2019-122021-12-28990View PDF
...and 12 more Form 990s
Data update history
December 27, 2023
Posted financials
Added Form 990EZ for fiscal year 2022
December 24, 2023
Used new vendors
Identified 1 new vendor, including
October 23, 2023
Received grants
Identified 1 new grant, including a grant for $76,900 from The Blackbaud Giving Fund
July 14, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 4, 2023
Updated personnel
Identified 16 new personnel
Nonprofit Types
Grantmaking organizationsSchoolsCharities
Issues
Education
Characteristics
MembershipsPartially liquidatedState / local levelProvides scholarshipsGala fundraisersTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 28156
Detroit, MI 48228
Metro area
Detroit-Warren-Dearborn, MI
County
Wayne County, MI
Website URL
pearlsofpromisefoundation.com/ 
Phone
(313) 247-6437
IRS details
EIN
37-1422562
Fiscal year end
December
Taxreturn type
Form 990-EZ
Year formed
2002
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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