Nonprofit · EIN 20-2063625
SEVEN PEARLS FOUNDATION INC
Tax-exempt · CARY, NC 27513
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | -$96,930 | $157,876 | -$254,806 | $2,049,837 | $45,183 | $2,004,654 |
| December 31, 2024 | 990 | $149,451 | $278,400 | -$128,949 | $2,321,147 | $28,328 | $2,292,819 |
| December 31, 2023 | 990 | $133,727 | $239,905 | -$106,178 | $2,447,202 | $121,853 | $2,325,349 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,870
- Program service revenue
- $642
- Investment income
- $1
- Net rental income
- -$99,443
- Other revenue
- -$99,443
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $153,168
- Management and general (functional)
- $38,277
Balance sheet and other
- Total assets, start of year
- $2,321,147
- Total assets, end of year
- $2,049,837
- Total liabilities, end of year
- $45,183
- Net assets, end of year
- $2,004,654
- Land, buildings and equipment
- $1,584,263
- Net assets without donor restrictions
- $2,004,654
- Gross receipts
- $153,651
- Employees
- 0
- Year formed
- 2004
- State of legal domicile
- NC
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lillie Reed | Director Trustee or director | 10 | $0 |
| Mynora Bryant | President Emerita Trustee or director | 20 | $0 |
| Sheila M Parson | Secretary Trustee or director | 20 | $0 |
| Mary A Randle | Vice President Trustee or director | 20 | $0 |
| Linette Caroselli | President CEO Trustee or director | 30 | $0 |
| Virginia Price Booker | Treasurer Trustee or director | 20 | $0 |
| Winetta Ellis | Director Trustee or director | 10 | $0 |
| Felicia Blakeney | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lillie Reed | Director Trustee or director | 10 | $0 |
| Mynora Bryant | President Emerita Trustee or director | 20 | $0 |
| Sheila M Parson | Secretary Trustee or director | 20 | $0 |
| Arlene B Wallace | Director Trustee or director | 10 | $0 |
| Mary A Randle | Vice President Trustee or director | 20 | $0 |
| Linette Caroselli | President CEO Trustee or director | 30 | $0 |
| Deborah Walsh | Sgt at Arms Trustee or director | 20 | $0 |
| Jodi Jacobs | Director Trustee or director | 10 | $0 |
| Virginia Price Booker | Treasurer Trustee or director | 20 | $0 |
| Winetta Ellis | Director Trustee or director | 10 | $0 |
| Felicia Blakeney | Director Trustee or director | 10 | $0 |
990 for the year ended December 31, 2023: 11 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Lillie Reed | Director Trustee or director | 10 | $0 |
| Mynora Bryant | President Emerita Trustee or director | 20 | $0 |
| Sheila M Parson | Secretary Trustee or director | 20 | $0 |
| Arlene B Wallace | Director Trustee or director | 10 | $0 |
| Mary A Randle | Vice President Trustee or director | 20 | $0 |
| Linette Caroselli | PresidentCEO Trustee or director | 30 | $0 |
| Deborah Walsh | Sergeant at Arms Trustee or director | 20 | $0 |
| Jodi Jacobs | Director Trustee or director | 10 | $0 |
| Virginia Price-Booker | Treasurer Trustee or director | 20 | $0 |
| Winetta Ellis | Director Trustee or director | 10 | $0 |
| Felicia Blakeney | Director Trustee or director | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 1000 SOUTHHILL DR, CARY, NC 27513-8630
- In care of
- % CHRISTINE E TRIGG
- Principal officer (990 for 2025)
- Lynette Y Caroselli, 1000 Southhill Dr, Cary, NC 27513
- Signed the 990
- Jennifer, Bookkeeper
- Phone
- (984) 228-8058
- Return prepared by
- Nicholas CPA PLLC
Mission
The Seven Pearls Foundation Inc., provides support of the Sigma Gamma Rho Sorority's programs by providing services that address the needs of the community and developing partnerships that address those critical issues impacting the citizenry.
Program accomplishments
- The Seven Pearls Foundation, Inc provides support of the Sigma Gamma Rho Sorority's programs by providing services that address the needs of the community and developing partnerships that address those critical issues impacting citizenry.Expenses $153,168
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-2063625
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2008
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,049,837
- Income (IRS master file)
- $153,651
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | -$96,930 | $157,876 | $2,049,837 | IRS |
| 990 | December 2024 | $149,451 | $278,400 | $2,321,147 | IRS |
| 990 | December 2023 | $133,727 | $239,905 | $2,447,202 | XML |
| 990 | December 2022 | $459,088 | $175,465 | $2,446,539 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-2063625).
Questions about SEVEN PEARLS FOUNDATION INC
- What is the EIN of SEVEN PEARLS FOUNDATION INC?
- The employer identification number (EIN) of SEVEN PEARLS FOUNDATION INC is 20-2063625.
- Is SEVEN PEARLS FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2008.
- Are donations to SEVEN PEARLS FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SEVEN PEARLS FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SEVEN PEARLS FOUNDATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SEVEN PEARLS FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SEVEN PEARLS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 names Lynette Y Caroselli.
- Who are the officers and directors of SEVEN PEARLS FOUNDATION INC?
- The 990 for the year ended December 31, 2025 lists 8 people; 0 received compensation from the organization.
- How much revenue does SEVEN PEARLS FOUNDATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of -$96,930, expenses of $157,876 and total assets of $2,049,837 at year end.
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