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Nonprofit · EIN 45-5530404

THE PEARL GROUP INC

Tax-exempt · LONGMONT, CO 80502

Financials

$184K$268K2023$241K$273K2024
Revenue Expenses · by fiscal year end
Financials of THE PEARL GROUP INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$240,952$273,368-$32,416$215,401$71,466$143,935
December 31, 2023990$183,563$267,675-$84,112$187,958$11,607$176,351
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$143,380
Program service revenue
$66,159
Investment income
$6,885
Net gain from sales of assets
$2,375
Net income from fundraising events
$24,528
Other revenue
$24,528

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$95,008
Salaries, compensation and benefits (total)
$100,979
Professional fundraising fees
$0
Accounting fees
$3,825
Occupancy
$605
Program services (functional)
$273,368

Balance sheet and other

Total assets, start of year
$187,958
Total assets, end of year
$215,401
Total liabilities, end of year
$71,466
Net assets, end of year
$143,935
Publicly traded securities
$50,115
Gross receipts
$247,498
Employees
4
Year formed
2012
State of legal domicile
CO

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, 2024, highest compensation first.

NameTitleHours / weekCompensation
HAL BAGLEYBOARD CHAIR
Trustee or director, Officer
8$0
CHRIS HIRAIBOARD MEMBER
Trustee or director
3$0
DEBRA LARKINBOARD MEMBER
Trustee or director
6$0
SCOTT OWENBOARD MEMBER
Trustee or director
8$0
CHRIS RAYBOARD MEMBER
Trustee or director
3$0
ANGIE SANDERSTREASURER
Trustee or director, Officer
4$0
KELLI SMITHVICE PRESIDE
Trustee or director, Officer
6$0
SHELLEY TAYLORSECRETARY
Trustee or director, Officer
2$0
990 for the year ended December 31, 2023: 10 people
NameTitleHours / weekCompensation
HAL BAGLEYBOARD CHAIR
Trustee or director, Officer
8$0
SARAH HAANBOARD MEMBER
Trustee or director
2$0
MORGAN HOLTRYBOARD MEMBER
Trustee or director
1$0
DEBRA LARKINBOARD MEMBER
Trustee or director
6$0
SANDRA MCLATCHIEBOARD MEMBER
Trustee or director
2$0
SCOTT OWENBOARD MEMBER
Trustee or director
8$0
CHRIS RAYBOARD MEMBER
Trustee or director
3$0
ANGIE SANDERSTREASURER
Trustee or director, Officer
4$0
KELLI SMITHSECRETARY
Trustee or director, Officer
6$0
SHELLEY TAYLORBOARD MEMBER
Trustee or director
2$0

Address and contacts

Address (IRS master file)
PO BOX 1825, LONGMONT, CO 80502-1825
In care of
% RON SCHAEFER
Principal officer (990 for 2024)
HAL BAGLEY, 2913 BREAKWATER DRIVE, LONGMONT, CO 80503
Signed the 990
ANGIE SANDERS, TREASURER
Return prepared by
BACHMAN & COMPANY CPA PC

Mission

THE TAX EXEMPT NON-PROFIT CHARITABLE MISSION OF THE PEARL GROUP, INC. IS TO CREATE, IMPLEMENT AND PROVIDE SUSTAINABLE PROGRAMS WHEREBY SINGLE PARENT FAMILIES FIND HOPE AND SKILLS NECESSARY TO BUILD AN ECONOMICALLY AND EMOTIONALLY STABLE HOME ENVIRONMENT.

990 for the year ended December 31, 2024

Program accomplishments

  • THE P.E.A.R.L.S PROGRAM INCLUDES FOCUS PEARL. THESE RELATIONSHIPS ARE DESIGNED TO GROW INTO FAMILIAL STYLE FRIENDSHIPS ALLOWING FOR MENTORING, LISTENING, GUIDANCE, PROBLEM SOLVING, RESPITE OUTINGS, AND FAMILIAL TYPE EXAMPLES OF SELF SUFFICIENY. THE FOCUSED PEARL PROGRAM IS A PROGRAM WHEREIN A SELECT GROUP OF MOTIVATED SINGLE PARENTS WERE INTERVIEWED AND SELECTED TO RECEIVE A MORE INTENSE LEVEL OF GUIDANCE AND ASSISTANCE INCLUDING JOB SKILLS ASSESSMENT AND TRAINING, TUITION REIMBURSEMENT, TUITION SCHOLARSHIPS, CHILD CARE ASSISTANCE, AND ANY OTHER FORM OF ASSISTANCE NEEDED TO REMOVE ANY POSSIBLE IMPEDIMENT TO THEIR ACHIEVING SELF SUFFICIENCY. INITIAL RESULTS OF THIS MULTI YEAR PROJECT ARE ENCOURAGING WITH MODERATE SUCCESS ACHIEVED TO DATE WITH A FULL OBJECTIVE ANALYSIS OF EFFORTS AND RESULTING SUCCESS CURRENTLY IN PROCESS. OVER 250 HOURS OF VOLUNTEER TIME IS PROVIDED ANNUALLY BY OVER 25 VOLUNTEERS.
    Expenses $49,093 · revenue $2,500
  • THE TRANSPORTATION PROGRAM OPERATES MONTHLY OUT OF PROFESSIONAL AUTO CARE FACILITIES STAFFED BY 25+ VOLUNTEERS CONTRIBUTING SERVICES AND VOLUNTEER HOURS. THE PURPOSE OF THE CAR CARE CLINIC PROGRAMMING IS TO ASSURE SAFE AND RELIABLE TRANSPORTATION FOR THE PARTICIPATING SINGLE PARENTS ALLOWING THEM TO BE MORE SELF-SUFFICIENT. THE VOLUNTEERS, SUPERVISED BY A MASTER MECHANIC, INSPECT AND ASSESS THE NEEDS OF EACH VEHICLE. TYPICAL REPAIRS MADE INCLUDE TIRES, BRAKES, WIPERS, LIGHTS, FLUIDS AND FILTER REPLACEMENTS. SEVERAL TIMES PER YEAR REPLACEMENT VEHICLES ARE PROVIDED WHEN THE COST TO REPAIR IS TOO GREAT OR IRREPARABLE SAFETY CONCERNS ARE NOTED. THE REPLACEMENT VEHICLES ARE RECEIVED AS DONATIONS TO THE PROGRAM, ARE INSPECTED AND REFURBISHED AS NECESSARY. THE GOAL IS TO PROVIDE A SAFE AND RELIABLE TRANSPORTATION MEANS FOR THE SINGLE PARENTS AND FAMILIES ASSURING THEM ACCESS TO JOBS, CHILDCARE, MEDICAL, GROCERY, AND OTHER SELF SUFFICIENCY NEEDS. REPAIRS WERE MADE TO NUMEROUS VEHICLES DURING THE REPORTING PERIOD OF THIS RETURN.
    Expenses $105,911 · revenue $42,374
  • THE KIDS MENTORING PROGRAM IS A ONE-TO-ONE ADULT TO CHILD (GRADES 1-8) PROGRAM FOR THOSE CHILDREN NEEDING A MORE PERSONAL RELATIONSHIP. THE ADULTS ARE BACKGROUND CHECKED, TRAINED, AND PAIRED WITH AN APPROPRIATE GENDER MATCHED CHILD. THE ADULTS PROVIDE ASSISTANCE WITH HOMEWORK ASSIGNMENTS, READING SKILL ENHANCEMENT, SOCIAL SKILLS TRAINING, BEHAVIORAL GUIDANCE, AND ADULT INTERACTION. EACH WEEK UP TO 20 CHILDREN RECEIVE ONE ON ONE MENTORING FROM ADULT VOLUNTEERS.
    Expenses $7,199 · revenue $21,285
  • GENERAL & OTHER ACTIVITIES THE PEARL GROUP, INC. ANNUALLY BUDGETS FUNDS FOR FOUR HALF-TIME PERSONS WHO SERVE AS THE EXECUTIVE DIRECTOR, DEVELOPMENT MANAGER, CLIENT ENGAGEMENT MANAGER AND TRANSPORTATION PROGRAM COORDINATOR. TO ACCOMPLISH ITS MISSION, THE PEARL GROUP, INC. HAS BEEN PRIVILEGED TO HAVE OVER 150 VOLUNTEERS CONTRIBUTING OVER 4,000 SERVICE HOURS TO THE SELECTED PROGRAMS. THESE ANNUAL VOLUNTEER SERVICE HOURS HAVE BEEN VALUED AT OVER 125,000. THE TRANSPORTATION PROGRAM HAS BENEFITTED FROM DONATED VEHICLES, DISCOUNTED AND DONATED CAR PARTS WHICH ARE USED IN THE CAR CARE CLINIC. IN 2024 THE TRANSPORTATION PROGRAM DELIVERED SERVICES AND VOLUNTEER HOURS. FACILITY USAGE FOR THE ORGANIZATION'S ADMIN OFFICES, THE CLOSET, AND CAR CARE CLINICS WAS PROVIDED TO THE ORGANIZATION AT A VALUE THAT EXCEEDS 36,000 ANNUALLY. SOFTWARE AND PROFESSIONAL SERVICES RECEIVED ANNUALLY HAS BEEN VALUED AT OVER 5,000. THE INDEPENDENT BOARD OF DIRECTORS ANNUALLY CONTRIBUTE NEARLY 2,000 HOURS OF TIME. FOOD AND BEVERAGES PROVIDED BY HUNDREDS OF VOLUNTEERS TO THE SINGLE MOM'S DINNERS AND MENTORING PROGRAMS ANNUALLY EXCEEDS 10,000 IN VALUE. IT IS ESTIMATED THAT THE VALUE OF IN- KIND SERVICES AND GOODS RECEIVED EXCEEDS 250,000 PER ANNUM. 100% OF THE CONTRIBUTED FUNDS HAVE BEEN SPENT ON DIRECT PROGRAMMING OR IN SUPPORT OF THE VARIOUS PROGRAMS OFFERED. WE WILL CONTINUE TO SEEK FUNDING IN THE FORM OF CONTRIBUTIONS AND GRANTS. PRIMARY VOLUNTEER FUNDRAISING EFFORTS HAVE BEEN PROVIDED TO THE PEARL GROUP, INC. BY THE PRESIDENT HAL BAGLEY AND VICE-PRESIDENT SCOTT OWEN AND SECONDARILY BY THE REMAINING BOARD MEMBERS. THE BOARD HAS AN ANNUAL PLANNING AND PROGRAMMING ASSESSMENT RETREAT WHEREBY EXISTING PROGRAMS ARE VIGOROUSLY EVALUATED FOR RESULTS, POSSIBLE IMPROVEMENT, STRUCTURAL EFFICIENCIES, AND NEEDS ASSESSMENT. NEW PROGRAMS ARE CONSIDERED. ANNUAL BUDGETS ARE ESTABLISHED BY THE ED AND APPROVED BY THE BOARD. PROGRAM GOALS ARE SET AND/OR REVISED AS DEEMED NECESSARY BY THE BOARD TO ACHIEVE SUCCESS AT DESIRED COST LEVELS. RESPONSIBILITY FOR PROGRAMMING EFFORTS AND ACTIONS ARE DISCUSSED AND ASSIGNED. MONTHLY FINANCE COMMITTEE MEETINGS REVIEW BUDGET VS ACTUALS AND REPORT TO THE MONTHLY BOARD MEETING. THE FINANCIAL RECORDS ARE RECONCILED AT YEAREND BY CERTIFIED PUBLIC ACCOUNTANT WHO SUBSEQUENTLY PREPARES THE ANNUAL TAX FILINGS AT NO COST TO THE ORGANIZATION. THE SINGLE MOMS PROGRAMMING ACTIVITIES INVOLVES OVER 100 VOLUNTEERS CONTRIBUTING 1800+ IN- KIND HOURS OF SERVICE. CREATING, MAINTAINING AND GROWING PARTNERSHIPS THAT TOGETHER PROVIDE PROGRAMMING ACTIVITIES FOR THE OVER 80 (AVERAGE) PARTICIPANTS THAT INCLUDE WEEKLY RESPITE DINNERS WITH EDUCATIONAL/INFORMATIONAL PROGRAMS BEING PRESENTED. THE SINGLE MOMS RECEIVE GROUP AND INDIVIDUAL MENTORING BY TRAINED VOLUNTEERS ASSISTING THE PARTICIPANTS IN ADDRESSING SINGLE PARENT LIFE COPING SKILLS, PARENTING SKILLS, FINANCIAL BUDGETING, BENEFITS ISSUES AND ASSESS GUIDANCE, GOAL SETTING AND OTHER ISSUES WHICH CHALLENGE THE SINGLE MOMS FROM TIME TO TIME. THE SINGLE MOMS ENJOY AN EVENING OF RESPITE FROM THE 24/7 CHALLENGE OF SINGLE PARENTING AS THE CHILDREN ARE PROVIDED ONE TO ONE MENTORING AND HOMEWORK ASSISTANCE BY A LONG TERM MENTOR RELATIONSHIP. PROFESSIONAL PROGRAMS ARE PRESENTED EACH WEEK IN A SAFE AND WELCOMING ENVIRONMENT THAT ENCOURAGES OPEN DISCUSSION AND RESULTANT PROBLEM SOLVING.
    Expenses $111,165 · revenue $143,380

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
45-5530404
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
2013
Accounting year ends
December
Files
Form 990 or 990-EZ
Category (NTEE)
Human services (P42)
Assets (IRS master file)
$215,401
Income (IRS master file)
$247,498

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$240,952$273,368$215,401IRS
990December 2023$183,563$267,675$187,958XML
990December 2022$266,293$271,304$265,047IRS
990December 2021–––IRS
990December 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 45-5530404).

Questions about THE PEARL GROUP INC

What is the EIN of THE PEARL GROUP INC?
The employer identification number (EIN) of THE PEARL GROUP INC is 45-5530404.
Is THE PEARL GROUP INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2013.
Are donations to THE PEARL GROUP INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does THE PEARL GROUP 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 THE PEARL GROUP INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did THE PEARL GROUP INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of THE PEARL GROUP INC?
The 990 for the year ended December 31, 2024 names HAL BAGLEY.
Who are the officers and directors of THE PEARL GROUP INC?
The 990 for the year ended December 31, 2024 lists 8 people; 0 received compensation from the organization.
How much revenue does THE PEARL GROUP INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $240,952, expenses of $273,368 and total assets of $215,401 at year end.

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