Civic Intelligence

Project Pearls USA Inc.

990 • Fiscal year 2019 • EIN 27-2624202

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 10, 2020

1755 Clay StreetSan Francisco, CA 94109

(650) 438-1730

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

57th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Net Margin

38th percentile

-0.7%

Higher net margin than 38% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2019 filings • 501(c)3 • <$500k nonprofits • Source year 2019

Asset Growth

32nd percentile

-7.6%

Faster asset growth than 32% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

72nd percentile

20%

Faster revenue growth than 72% of similar nonprofits.

2019 filings • 501(c)3 • <$500k nonprofits • Annualized from 2018 to 2019

Assets

Down

$30,843

Down $2,524 (-7.6%) from 2018

Net Assets

Down

$30,843

Down $2,524 (-7.6%) from 2018

Liabilities

Flat

$0

Flat from 2018

Revenue

Up

$345,427

Up $56,733 (+20%) from 2018

Expenses

Up

$347,951

Up $25,426 (+7.9%) from 2018

Net Income

Up

-$2,524

Up $31,307 (+93%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0Assets 2015: $65,351Liabilities 2015: $0Net Assets 2015: $65,3512015Assets 2016: $82,400Liabilities 2016: $0Net Assets 2016: $82,4002016Assets 2017: $67,198Liabilities 2017: $0Net Assets 2017: $67,1982017Assets 2018: $33,367Liabilities 2018: $0Net Assets 2018: $33,3672018Assets 2019: $30,843Liabilities 2019: $0Net Assets 2019: $30,8432019Assets 2020: $186,057Liabilities 2020: $0Net Assets 2020: $186,0572020Assets 2021: $117,679Liabilities 2021: $0Net Assets 2021: $117,6792021Assets 2022: $62,408Liabilities 2022: $0Net Assets 2022: $62,4082022Assets 2023: $8,816Liabilities 2023: $0Net Assets 2023: $8,8162023Assets 2024: $17,848Liabilities 2024: $0Net Assets 2024: $17,8482024

Highlighted filing

2019

Assets$30,843
Liabilities$0
Net Assets$30,843

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2015: $184,992Expenses 2015: $142,363Net Income 2015: $42,6292015Revenue 2016: $210,360Expenses 2016: $193,310Net Income 2016: $17,0502016Revenue 2017: $239,808Expenses 2017: $255,010Net Income 2017: -$15,2022017Revenue 2018: $288,694Expenses 2018: $322,525Net Income 2018: -$33,8312018Revenue 2019: $345,427Expenses 2019: $347,951Net Income 2019: -$2,5242019Revenue 2020: $512,326Expenses 2020: $357,112Net Income 2020: $155,2142020Revenue 2021: $469,421Expenses 2021: $537,799Net Income 2021: -$68,3782021Revenue 2022: $497,320Expenses 2022: $552,591Net Income 2022: -$55,2712022Revenue 2023: $326,634Expenses 2023: $380,226Net Income 2023: -$53,5922023Revenue 2024: $497,737Expenses 2024: $488,705Net Income 2024: $9,0322024

Highlighted filing

2019

Revenue$345,427
Expenses$347,951
Net Income-$2,524
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 10, 2020
Return Version
2019v5.0
Gross Receipts
$345,427
Mission and Program Overview

Mission

Helping the poorest of the poor children and families in the Philippines to have a better life through education, empowerment, nutrition and health care.

Helping the poorest of the poor children and families in the Philippines to have a better life through education, literacy, empowerment, nutrition, health care.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$33,367$30,843▼ $2,524
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Pledges and Grants Receivable$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Prepaid Expenses and Deferred Charges$0$0→ $0
Total Assets$33,367$30,843▼ $2,524
Other Assets Total$0$0→ $0
Liabilities
Accounts Payable and Accrued Expenses$0$0→ $0
Grants Payable$0$0→ $0
Mortgage Notes Payable Secured by Investment Property$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$33,367$30,843▼ $2,524
Net Assets With Donor Restrictions$0$0→ $0
Total Net Assets Fund Balance$33,367$30,843▼ $2,524
Total Liabilities and Net Assets / Fund Balance$33,367$30,843▼ $2,524
Compensation and Service Providers

Board Members and Trustees

NameTitle
Melissa VillaExecutive Director
Francesca MateoSecretary
Catherine BaculiTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$345,427
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$341,727
Change in Net Assets
$-2,524
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$347,951
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
All Other Expenses$328,335--$328,335
Office Expenses$6,808--$6,808
Conferences and Meetings$4,553--$4,553
Travel$4,210--$4,210
Fees for Services Accounting$1,600--$1,600
Advertising$1,045--$1,045
Fees for Services Other$761--$761
Occupancy$639--$639
Total Functional Expenses$347,951$0$0$347,951
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

Executive Director & President, Melissa Villa and Secretary, Francesca Mateo are mother and daughter who are co-founders of Project PEARLS.

Form 990, Part VI, Section B, Line 11B

Copy of the draft is submitted to officers and Board of Directors for final approval.

Form 990, Part VI, Section C, Line 19

Project PEARLS governing documents, IRS & California State Filings are available to the public by request. Annual reports are available on its website: www.projectpearls.org

Filing and Contact Details

Filer

Filer Name
Project Pearls Inc
EIN
27-2624202
Phone
6504381730
Address
1755 Clay Street, San Francisco, CA 94109

Signing Officer

Name
Melissa Villa
Title
Executive Director
Phone
6504381730
Signed
2020-07-10

Organization Details

Formed
2011
Legal Domicile
CA
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
30
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

Program Expenses: Feeding Program: $110,531 Health Care Program: $15,167 Scholarship Program: $202,637 TOTAL: $328,335

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IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0239808
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0210359
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0184992
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01265580
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct01
IRS990ScheduleA/PublicSupportPY170Pct00
IRS990ScheduleA/PublicSupportTotal170Amt01265580
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
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IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0288694
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0239808
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0210359
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0184992
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01265580
IRS990ScheduleA/TotalSupportAmt01265580
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus1YearAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus2YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus3YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearMinus4YearsAmt00
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990/ScheduleBRequiredInd00
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Executive Director & President, Melissa Villa and Secretary, Francesca Mateo are mother and daughter who are co-founders of Project PEARLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Copy of the draft is submitted to officers and Board of Directors for final approval.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Project PEARLS governing documents, IRS & California State Filings are available to the public by request. Annual reports are available on its website: www.projectpearls.org
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Program Expenses: Feeding Program: $110,531 Health Care Program: $15,167 Scholarship Program: $202,637 TOTAL: $328,335
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondLiabilitiesGrp/BOYAmt00
IRS990/TaxExemptBondLiabilitiesGrp/EOYAmt00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt033367
IRS990/TotalAssetsEOYAmt030843
IRS990/TotalAssetsGrp/BOYAmt033367
IRS990/TotalAssetsGrp/EOYAmt030843
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IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0347951
IRS990/TotalFunctionalExpensesGrp/TotalAmt0347951
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt00
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IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt030843
IRS990/TotalOtherCompensationAmt00
IRS990/TotalOtherProgSrvcExpenseAmt019616
IRS990/TotalOtherProgSrvcGrantAmt00
IRS990/TotalOtherProgSrvcRevenueAmt00
IRS990/TotalProgramServiceExpensesAmt0347951
IRS990/TotalProgramServiceRevenueAmt00
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0345427
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt030
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt033367
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt030843
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/ProgramServicesAmt04210
IRS990/TravelGrp/TotalAmt04210
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/UnsecuredNotesLoansPayableGrp/EOYAmt00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt01755 Clay Street

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