Civic Intelligence

Pearl Foundation of Puget Sound

EIN 91-1886549 • 501(c)3 • Lacey, WA

990-N CoverageNTEE B82

Profile

Mentoring & Development of BIPOC Youth

1420 Marvin Rd PMB 625Lacey, WA 98516

pearlfoundationofpugetsound.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

0.51x

Higher debt load relative to assets than 96% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Liabilities / Revenue

92nd percentile

0.26x

Higher debt load relative to revenue than 92% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Net Margin

61st percentile

25%

Higher net margin than 61% of similar nonprofits.

NTEE B82 • <$500k nonprofits • Source year 2024

Top Officer Pay

95th percentile

$0

Higher top officer pay than 95% of similar nonprofits.

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

NTEE B82 • <$500k nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

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

Source year 2024

Revenue Growth

Score unavailable

No value available

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

Source year 2024

Assets

$65,405

No earlier filing loaded for comparison.

Liabilities

$33,080

No earlier filing loaded for comparison.

Net Assets

$32,325

No earlier filing loaded for comparison.

Revenue

$126,966

No earlier filing loaded for comparison.

Expenses

$94,641

No earlier filing loaded for comparison.

Net Income

$32,325

No earlier filing loaded for comparison.

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$80K$60K$40K$20K$0Assets 2024: $65,405Liabilities 2024: $33,080Net Assets 2024: $32,3252024

Highlighted filing

2024

Assets$65,405
Liabilities$33,080
Net Assets$32,325

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$150K$100K$50K$0Revenue 2024: $126,966Expenses 2024: $94,641Net Income 2024: $32,3252024

Highlighted filing

2024

Revenue$126,966
Expenses$94,641
Net Income$32,325

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.65$0.33$0.32$1.27$0.95$0.32
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
May 18, 2025
Return Version
2024v5.1
Gross Receipts
$126,966
Mission and Program Overview

Mission

Mentoring & Development of BIPOC Youth

Program Services

DescriptionGrantsExpenses
We focus on mentoring and development of BIPOC (Black, Indigenous & People of Color) youth in Pierce & Thurston counties.-$0
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Willis JenkinsCFO-$0--
Brown ClifftonChairman-$0--
Okoro MichaelPresident-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Annual Golf$19,904$19,904$21,541$-1,637
Total Events$19,904$19,904$21,541$-1,637
Filing and Contact Details

Filer

Filer Name
Pearl Foundation of Puget Sound
EIN
91-1886549
In Care Of
% Willis Jenkins
Phone
2533418376
Address
1420 Marvin Rd PMB 625, Lacey, WA 98516

Signing Officer

Name
Willis Jenkins
Title
CFO
Phone
2533418376
Signed
2025-05-18
Discuss with paid preparer
No

Preparer

Firm
Serenity Financial Consultant
Address
10810 Boyette Road, Riverview, FL 33568
Preparer
Abnise Joseph
Phone
8132950080
Supplemental Narrative

Additional Explanations

Description of other revenue Part I line 8

Description AmountAdministrative (500)Other Miscellaneous Revenue 20Reimbursed Expenditures 552

Description of other expenses Part I line 16

Description Amount5K Run 492Advertising 110Bank Charges 188Commissions & Fees 29Golf Tournament 21,541Grant Writer 19,243Insurance 141Mailchimp (1,650)Office Expenditures 969Operations & Maintenance 20Passport to Manhood Expenses 4,411Pearl Foundation Gala 19,617PGA Junior Golf League 2,262Scholarship Programs 20,436Supplies 42Taxes & Licenses 20Thanksgiving 500Ask My Client 4,308Miscellaneous Expenses 411

Description of other assets Part II line 24

Category Beginning of Year End of YearAccounts Receivable 0 1,500

Description of total liabilities Part II line 26

Category Beginning of Year End of YearOpening Balance Equity 0 33,080

Raw XML Appendix163 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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ReturnHeader/BuildTS02025-03-06 01:10:19Z
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