Emerging Pearls Foundation in Indianapolis, Indiana (IN)
Table of contents:
| Emerging Pearls Foundation | |
| Employer Identification Number (EIN) | 261470770 |
| Name of Organization | Emerging Pearls Foundation |
| In Care of Name | Kiahna Davis |
| Address | 8425 Woodfield Crossing Blvd, Indianapolis, IN 46240-7315 |
| Subsection | Charitable Organization, Educational Organization |
| Ruling Date | 08/2011 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2013 |
| Assets | $25,000 to $99,999 |
| Income | $25,000 to $99,999 |
| Filing Requirement | 990 - Required to file Form 990-N - Income less than $25,000 per year |
| Asset Amount | $38,703 |
| Amount of Income | $43,685 |
| Form 990 Revenue Amount | $31,663 |
| National Taxonomy of Exempt Entities (NTEE) | Youth Development: Adult, Child Matching Programs |
Non-representatives - add comments:
Amount of income in 2013: $43,685 (it was $48,960 in 2012)
| Emerging Pearls Foundation: | $43,685 |
| Other organizations performing similar types of work: | $63,740 |
Assets in 2013: $38,703 (it was $29,439 in 2012)
| This organization: | $38,703 |
| Other organizations performing similar types of work: | $14,301 |
Expenses in 2013: $19,899
| Emerging Pearls Foundation: | $19,899 |
| Other organizations performing similar types of work: | $45,492 |
Income to expenses ratio in 2013: 2.2
| Emerging Pearls Foundation: | 2.2 |
| Other organizations performing similar types of work: | 1.4 |
Grants share in income in 2013: 79.6%
| Emerging Pearls Foundation: | 79.6% |
| Other organizations performing similar types of work: | 81.2% |
Revenue for 2013
Support schedule
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $39,267 | $31,663 | |
| Contributions, gifts, grants, and similar amounts received | $29,530 | $25,189 | |
| Program service revenue including government fees and contracts | $2,501 | $2,651 | |
| Membership dues and assessments | $0 | $1,180 | |
| Investment income | $69 | $49 | |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | |
| Net income/loss from gaming and fundraising events | $6,604 | $5,840 | $2,594 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $15,533 | $14,616 | |
| Less: direct expenses from gaming and fundraising events | $9,693 | $12,022 | |
| Gross profit/loss from sales of inventory | $0 | $0 | |
| Other revenue | $1,327 | $0 | |
| Total expenses | $40,692 | $19,899 | |
| Total net assets | $-1,323 | $10,441 | |
| Excess/Deficit for the year | $-1,425 | $11,764 | |
| Net assets or fund balances at beginning of year | $102 | $-1,323 | |
| Other changes in net assets or fund balances | $0 | $0 | |
| Net assets or fund balances at end of year | $-1,323 | $10,441 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $17,196 | $29,439 | $38,703 |
| Total liabilities | $16,344 | $30,762 | $28,262 |
| Net assets or fund balances | $-1,323 | $10,441 | |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | |
| Gross receipts for public use of club facilities | $0 | $0 | |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $138,791 |
| Subtotal Support | $138,791 |
| Gifts, grants, contributions, and membership fees received | $138,791 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $138,840 |
| Public Support | $138,791 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $49 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $41,686 |
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| Organizations performing similar types of work | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Password Community Mentoring Inc | 557 Amberleaf Trl, Westfield, IN 46074-9528 | IN | 2001-11 | $254,182 |
| 2 | Starfish Inc | 814 N Delaware St, Indianapolis, IN 46204-1127 | IN | 2004-05 | $924,183 |
| 3 | Trusted Mentors Inc | 872 Virginia Ave, Indianapolis, IN 46203-1705 | IN | 2008-08 | $180,620 |
| 4 | Southern Indiana Junior Rodeo Association | 991 Saint Johns Church Rd Ne, Lanesville, IN 47136-8567 | IN | 2003-07 | $88,715 |
| 5 | Emerging Pearls Foundation | 8425 Woodfield Crossing Blvd, Indianapolis, IN 46240-7315 | IN | 2011-08 | $43,685 |
| 6 | American Teens-Re Group | 1713 E 34th St, Indianapolis, IN 46218-1918 | IN | 2014-04 | $0 |
| 7 | Carlotta Blake-King Performing Arts Centre, Cbk Performing Arts Centre Inc | P O Box 398, Hammond, IN 46325 | IN | 2011-03 | $0 |
| 8 | Circles Of Grant County Inc, Circles Of Grant County | 101 S Washington St Ste 200, Marion, IN 46952-3868 | IN | 2015-04 | $0 |
| 9 | Companions For Kids | 1101 Sw 2nd St, Loogootee, IN 47553 | IN | 2004-01 | $0 |
| 10 | Gametime Sports Corporation | 6841 Clemdale Ave, Indianapolis, IN 46226 | IN | 2011-11 | $0 |
| 11 | Ladies Under Construction Inc | PO BOX 40752, Indianapolis, IN 46240-0752 | IN | 2014-12 | $0 |
| 12 | Lawrenceburg Pee Wee Football Club | 423 Walnut St, Lawrenceburg, IN 47025 | IN | 2010-11 | $0 |
| 13 | Northwest Indiana Consortium Of Community Partners Inc | 3400 Broadway Dm 1113, Gary, IN 46408 | IN | 2012-02 | $0 |
| 14 | Our Kids Ok Program Of Indiana Incorporated | Po Box 441865, Indianapolis, IN 46244 | IN | 2005-09 | $0 |
| 15 | Teen Horizons Christian Outreach Inc | 9529 North 600 East, North Manchester, IN 46962 | IN | 2011-03 | $0 |
| 16 | Thelegion Inc | 412 Orchard Blvd, Danville, IN 46122 | IN | 2012-06 | $0 |
| 17 | Wabash Valley Right To Life Education Fund | Po Box 3261, Terre Haute, IN 47803 | IN | 2008-09 | $0 |
| 18 | Xi Sigma Alumni Chapter Of Central Indiana Of Phi Beta Sigma, Xi Sigma Alumni Chapter | 8620 Trumpeter Dr, Indianapolis, IN 46234-8823 | IN | 2009-10 | $0 |
| 19 | York Twp School Pto | 13549 Sr 120, Bristol, IN 46507 | IN | 2011-01 | $0 |
| 20 | Zion Centerville Cemetery Tr | 24 W County Road 750n, Rockport, IN 47635 | IN | 2009-06 | $0 |
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| Total | 970 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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