Civic Intelligence

Pearl Initiative Inc

990 • Fiscal year 2012 • EIN 45-4442459

Jan 01, 2012 to Dec 31, 2012 • Filed on Sep 03, 2013

Organization Profilewww.pearlinitiative.org
26 Old Lyme Road10583
Siviq Scores

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

Liabilities / Assets

97th percentile

1.71x

Higher debt load relative to assets than 97% of similar nonprofits.

2012 filings • NTEE S • $500k-$1M nonprofits • Source year 2012

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2012

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2012

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2012

Asset Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2012

Revenue Growth

Score unavailable

No value available

No valid filing value is available for this score.

Balance Sheet
Liabilities / Assets97th percentile

Assets

$333,078

No earlier filing loaded for comparison.

Net Assets

-$235,775

No earlier filing loaded for comparison.

Liabilities

$568,853

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet MarginScore unavailable

Revenue

-

No earlier filing loaded for comparison.

Expenses

$732,504

No earlier filing loaded for comparison.

Net Income

-

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MAssets 2012: $333,078Liabilities 2012: $568,853Net Assets 2012: -$235,7752012Assets 2013: $275,261Liabilities 2013: $542,766Net Assets 2013: -$267,5052013Assets 2014: $508,945Liabilities 2014: $677,040Net Assets 2014: -$168,0952014Assets 2015: $1,059,233Liabilities 2015: $1,026,820Net Assets 2015: $32,4132015Assets 2016: $1,481,283Liabilities 2016: $230,601Net Assets 2016: $1,250,6822016Assets 2017: $1,963,416Liabilities 2017: $249,768Net Assets 2017: $1,713,6482017Assets 2018: $2,487,834Liabilities 2018: $235,735Net Assets 2018: $2,252,0992018Assets 2019: $2,868,341Liabilities 2019: $248,675Net Assets 2019: $2,619,6662019Assets 2020: $2,602,368Liabilities 2020: $197,463Net Assets 2020: $2,404,9052020Assets 2021: $2,134,359Liabilities 2021: $69,209Net Assets 2021: $2,065,1502021Assets 2022: $2,058,110Liabilities 2022: $240,044Net Assets 2022: $1,818,0662022Assets 2023: $1,921,690Liabilities 2023: $306,384Net Assets 2023: $1,615,3062023Assets 2024: $2,067,155Liabilities 2024: $602,550Net Assets 2024: $1,464,6052024

Highlighted filing

2012

Assets$333,078
Liabilities$568,853
Net Assets-$235,775
Open 2012 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2012: $732,5042012Revenue 2013: $699,590Expenses 2013: $731,320Net Income 2013: -$31,7302013Revenue 2014: $973,505Expenses 2014: $874,095Net Income 2014: $99,4102014Revenue 2015: $1,441,874Expenses 2015: $1,211,207Net Income 2015: $230,6672015Revenue 2016: $2,136,290Expenses 2016: $1,418,021Net Income 2016: $718,2692016Revenue 2017: $1,868,695Expenses 2017: $1,405,729Net Income 2017: $462,9662017Revenue 2018: $1,855,208Expenses 2018: $1,316,757Net Income 2018: $538,4512018Revenue 2019: $1,613,782Expenses 2019: $1,246,215Net Income 2019: $367,5672019Revenue 2020: $825,151Expenses 2020: $1,039,912Net Income 2020: -$214,7612020Revenue 2021: $661,891Expenses 2021: $1,001,646Net Income 2021: -$339,7552021Revenue 2022: $923,271Expenses 2022: $1,170,355Net Income 2022: -$247,0842022Revenue 2023: $936,869Expenses 2023: $1,139,629Net Income 2023: -$202,7602023Revenue 2024: $765,368Expenses 2024: $916,069Net Income 2024: -$150,7012024

Highlighted filing

2012

Revenue-
Expenses$732,504
Net Income-
Open 2012 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2012 to Dec 31, 2012
Signed
Sep 3, 2013
Return Version
2012v2.0
Gross Receipts
$620,000
Mission and Program Overview

Mission

Pearl Initiative is an association of persons having a common business interest in trade between the United States and the Arabian Gulf region and within the region. Pearl Initiatives purpose is to promote the common economic interests of all commercial enterprises with the U.S.-Arabian Gulf region trade community by dedicating itself to improving transparency, accountability and business practices with the community. The plan for Pearl Initiative has been developed in cooperationwith the United Nations Office for Partnerships and is recognized as a center of excellence at the American University of Sharjah. Pearl Initiative aims to improve business conditions for U.S. businesses interested or engaged in the region and regional businesses by creating a culture of greater transparency and accountability within the Arabian Gulf region, thereby fostering competitive economic growth and sustainable social development.

Filing and Contact Details

Filer

EIN
45-4442459
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IRS990/Description0The Pearl Initiative, developed in collaboration with the United Nations Office for Partnerships, is a GCC-based, private sector-led, not-for-profit organization set up to foster a corporate culture of transparency, accountability, good governance and best business practices in the Arab world. It is a growing regional network of business leaders committed to driving joint action, exhibiting positive leadership and sharing knowledge and experience.The Pearl Initiative was developed by the private sector for the private sector, within the Gulf region for the region. The philosophy of the Pearl Initiative recognizes that the private sector is fuelled by incentive. If corporations are to embrace good governance as part of the very fabric of their business models and not simply for a quick public-relations boost then they must be persuaded that it makes business sense to invest in good governance and responsible business practices. Corporate accountability and transparency are essential to generate and preserve value and build a healthy and competitive global business environment.Throughout 2012, the Pearl Initiative has been driving tangible initiatives in areas such as anti-corruption, good governance, accountability, transparency and integrated reporting within the Gulf region. There are three streams of activity: 1. Collaborative Action and Dialogue ForumsThe Pearl Initiative catalyses joint collaborative action between regional and global business leaders, international institutions, government bodies, wider initiatives, and cross-sector partnerships.2. Knowledge creationThe Pearl Initiative fosters greater understanding and appreciation of the business case, issues and trends associated with transparency and accountability through the generation of new data, research, analysis and insight across the region. 3. University CollaborationsUniversity collaborations help build the capacity of future leaders to make a difference in creating a culture of transparency and accountability. The Pearl Initiative is collaborating with the American University of Sharjah and other leading Universities across the region to forge greater links with the private sector in teaching and research in areas of ethics, integrity, corporate governance and sustainability. The Pearl Initiative holds workshops in regional universities in which private sector leaders help bring the ethics and integrity topics to life with students though interactive discussion on real-life scenarios and case studies.
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IRS990ScheduleF/AcctsActvsOutUSTable/Region0MID. EAST & NORTH AFRICA
IRS990ScheduleF/AcctsActvsOutUSTable/SpecificServicesProvided0SEE MAIN FORM 990
IRS990ScheduleF/AcctsActvsOutUSTable/TotalExpenditures0732504
IRS990ScheduleF/AcctsActvsOutUSTable/TypeOfActivitiesConducted0SUBSTANTIALLY ALL
IRS990ScheduleF/BoycottCountries0false
IRS990ScheduleF/ForeignPartnership0false
IRS990ScheduleF/InterestInForeignTrust0false
IRS990ScheduleF/OwnForeignCorp0false
IRS990ScheduleF/PassiveForeignInvestCo0false
IRS990ScheduleF/SubtotalAmountSpent0732504
IRS990ScheduleF/SubtotalNumberOfEmployees03
IRS990ScheduleF/SubtotalNumberOfOffices01
IRS990ScheduleF/TotalAmountSpent0732504
IRS990ScheduleF/TotalNumberOfEmployees03
IRS990ScheduleF/TotalNumberOfOffices01
IRS990ScheduleF/TransferToForeignCorp0false
IRS990ScheduleJ/BoardOrCommitteeApproval0X
IRS990ScheduleJ/EquityBasedCompArrangement0false
IRS990ScheduleJ/Form990OfOtherOrganizations0X
IRS990ScheduleJ/Form990ScheduleJPartII/BaseCompensationFilingOrg0150000
IRS990ScheduleJ/Form990ScheduleJPartII/NamePerson0IMELDA DUNLOP
IRS990ScheduleJ/Form990ScheduleJPartII/NontaxableBenefitsFilingOrg04067
IRS990ScheduleJ/Form990ScheduleJPartII/Title0Secretary & ED
IRS990ScheduleJ/Form990ScheduleJPartII/TotalCompensationFilingOrg0154067
IRS990/ScheduleJRequired0true
IRS990ScheduleJ/SeverancePayment0false
IRS990ScheduleJ/SupplementalNonqualRetirePlan0false
IRS990ScheduleJ/WrittenEmploymentContract0X
IRS990ScheduleL/Form990ScheduleLPartIV/AmountOfTransaction064094
IRS990ScheduleL/Form990ScheduleLPartIV/DescriptionOfTransaction0SUPPORT SERVICES
IRS990ScheduleL/Form990ScheduleLPartIV/NameOfInterestedPerson/NamePerson0HAMID JAFAR
IRS990ScheduleL/Form990ScheduleLPartIV/Relationship0CHAIRMAN
IRS990ScheduleL/Form990ScheduleLPartIV/SharingOfRevenues0false
IRS990ScheduleL/Form990ScheduleLPartV/Explanation0HAMID JAFAR IS CHAIRMAN OF BOTH PEARL INITIATIVE AND CRESCENT PEROLEUM. CRESCENT PETROLEUM PROVIDED ADMINISTRATIVE, ACCOUNTING AND IT SUPPORT TO PEARL INITIATIVE AT A COST OF $64,094. AT DECEMBER 31, 2012 ACCOUNTS AND LOANS PAYABLE TO CRESCENT PETROLEUM WERE $471,405.
IRS990ScheduleO/GeneralExplanation/Explanation0AVAILABLE UPON REQUEST
IRS990ScheduleO/GeneralExplanation/Explanation1The Board of Governors of Pearl Initiative, Inc. has the authority to:A. Employ and compensate personnel as are needed to fulfill the mission of theorganization;B. Establish and review compensation guidelines; andC. Review and approve cash and noncash compensation policies and programs applicableto principal administrators and all other staff.
IRS990ScheduleO/GeneralExplanation/Explanation2The Board of Governors of Pearl Initiative, Inc. has the authority to:A. Employ and compensate personnel as are needed to fulfill the mission of theorganization;B. Establish and review compensation guidelines; andC. Review and approve cash and noncash compensation policies and programs applicableto principal administrators and all other staff.
IRS990ScheduleO/GeneralExplanation/Explanation3THE POLICY IS MONITORED BY AN ANNUAL WRITTEN AFFIRMATION STATEMENT.
IRS990ScheduleO/GeneralExplanation/Explanation4A copy of the Form 990 shall be distributed to the full Board in advance of filing for review and consideration.The Board of Governors shall receive a final copy of the IRS Form 990 no later than the nextscheduled meeting of the Board following submission of the Form 990 to the IRS.
IRS990ScheduleO/GeneralExplanation/Explanation5Pearl Initiative, Inc. (the Corporation) shall have both voting membersand supporting members. All members of the Corporation shall be businesses, companies,corporations, partnerships, or proprietors (including individuals, corporations or unincorporated associations) who do business in the Arabian Gulf region or between the United States and the Arabian Gulf region. The Corporation shall keep a roll of members that shall be recorded and maintained by the Secretary.Voting Members: The Board of Governors shall be the voting members of theCorporation.Supporting Members: Supporting members are those that provide a level of support tothe Corporation as required by the Board of Governors, and subscribe to the goals and mission of the Corporation. Supporting members shall not be voting members of the Corporation. There shall be no limit on the number of supporting members authorized.
IRS990ScheduleO/GeneralExplanation/Identifier0Form 990, Part VI, Line 19
IRS990ScheduleO/GeneralExplanation/Identifier1Form 990, Part VI, Line 15b
IRS990ScheduleO/GeneralExplanation/Identifier2Form 990, Part VI, Line 15a
IRS990ScheduleO/GeneralExplanation/Identifier3Form 990, Part VI, Line 12c
IRS990ScheduleO/GeneralExplanation/Identifier4Form 990, Part VI, Line 11b
IRS990ScheduleO/GeneralExplanation/Identifier5Form 990, Part VI, Line 6
IRS990ScheduleO/GeneralExplanation/ReturnReference0Form 990, Part VI, Line 19: Other Organization Documents Publicly Available
IRS990ScheduleO/GeneralExplanation/ReturnReference1Form 990, Part VI, Line 15b: Compensation Review and Approval Process for Officers and Key Employees

Document Assets

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Filings

Displayed year

2012 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$333,078
Liabilities
$568,853
Net assets
-$235,775
Revenue
-
Expenses
$732,504
Net income
-
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.07$0.60$1.46$0.77$0.92$0.15
2023Summary only. Only limited summary data is available for this year.$1.92$0.31$1.62$0.94$1.14$0.20
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.06$0.24$1.82$0.92$1.17$0.25
2021Summary only. Only limited summary data is available for this year.$2.13$0.07$2.07$0.66$1.00$0.34
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.60$0.20$2.40$0.83$1.04$0.21
2019Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.87$0.25$2.62$1.61$1.25$0.37
2018Summary only. Only limited summary data is available for this year.$2.49$0.24$2.25$1.86$1.32$0.54
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.96$0.25$1.71$1.87$1.41$0.46
2016Summary only. Only limited summary data is available for this year.$1.48$0.23$1.25$2.14$1.42$0.72
2015Detailed filing. Detailed filing data is available for this year.$1.06$1.03$0.03$1.44$1.21$0.23
2014Detailed filing. Detailed filing data is available for this year.$0.51$0.68$0.17$0.97$0.87$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.54$0.27$0.70$0.73$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.33$0.57$0.24$0.73