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IVY PEARL FOUNDATION: Form 990EZ, tax year 2024

View the entire original 990 at ProPublica ↗

Organization
IVY PEARL FOUNDATION (EIN 36-4294465)
Tax period
2024-01-01 to 2024-12-31
Filed
2025-05-15
IRS object ID
202521359349207342
Schema version
2024v5.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2025-05-15T17:38:23-04:00ReturnTs
Tax Period End2024-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN461389250PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1Balderson & CompanyBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1203 N LaSalle St Ste 2100AddressLine1Txt
CityChicagoCityNm
State AbbreviationILStateAbbreviationCd
ZIP60601ZIPCd
FieldValueIRS element (for citing)
Return Type990EZReturnTypeCd
Tax Period Begin2024-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN364294465EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1IVY PEARL FOUNDATION INCBusinessNameLine1Txt
FieldValueIRS element (for citing)
In Care Of% STELLA SALISU HICKMANInCareOfNm
Business Name ControlIVYPBusinessNameControlTxt
Phone2243607450PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5842AddressLine1Txt
CityEvanstonCityNm
State AbbreviationILStateAbbreviationCd
ZIP602045842ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonSTELLA SALISU HICKMANPersonNm
Person TitlePRESIDENTPersonTitleTxt
Phone2243607450PhoneNum
Signature2025-05-15SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd
FieldValueIRS element (for citing)
IRS Responsible Prty Info CurrYes (true)IRSResponsiblePrtyInfoCurrInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonANDREW BALDERSONPreparerPersonNm
PTINP00627529PTIN
Phone3128547014PhoneNum
Preparation2025-05-15PreparationDt
FieldValueIRS element (for citing)
Tax2024TaxYr
Build TS2025-03-06 01:10:19ZBuildTS

Form 990-EZ IRS990EZ

FieldValueIRS element (for citing)
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Schedule B Not RequiredYes (X)ScheduleBNotRequiredInd
Website Addressivypearlfoundation.orgWebsiteAddressTxt
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Gross Receipts$28,245GrossReceiptsAmt
Info In Schedule O Part IYes (X)InfoInScheduleOPartIInd
Contributions Gifts Grants Etc$5,421ContributionsGiftsGrantsEtcAmt
Membership Dues$19,661MembershipDuesAmt
Investment Income$3,163InvestmentIncomeAmt
Total Revenue$28,245TotalRevenueAmt
Grants And Similar Amounts Paid$53,975GrantsAndSimilarAmountsPaidAmt
Fees And Other Pymt To Ind Cntrct$1,050FeesAndOtherPymtToIndCntrctAmt
Occupancy Rent Utlts And Maint$1,358OccupancyRentUtltsAndMaintAmt
Printing Publications Postage$450PrintingPublicationsPostageAmt
Other Expenses Total$14,916OtherExpensesTotalAmt
Total Expenses$71,749TotalExpensesAmt
Excess Or Deficit For Year-$43,504ExcessOrDeficitForYearAmt
Net Assets Or Fund Balances BOY$154,788NetAssetsOrFundBalancesBOYAmt
Other Changes In Net Assets$517OtherChangesInNetAssetsAmt
Net Assets Or Fund Balances EOY$111,801NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIYes (X)InfoInScheduleOPartIIInd

Cash Savings And Investments CashSavingsAndInvestmentsGrp

FieldValueIRS element (for citing)
BOY$151,514BOYAmt
EOY$108,527EOYAmt

Land And Buildings LandAndBuildingsGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Other Assets Total Detail OtherAssetsTotalDetail

FieldValueIRS element (for citing)
BOY$3,274BOYAmt
EOY$3,274EOYAmt

Form990 Total Assets Form990TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$154,788BOYAmt
EOY$111,801EOYAmt

Sum Of Total Liabilities SumOfTotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$0BOYAmt
EOY$0EOYAmt

Net Assets Or Fund Balances NetAssetsOrFundBalancesGrp

FieldValueIRS element (for citing)
BOY$154,788BOYAmt
EOY$111,801EOYAmt
FieldValueIRS element (for citing)
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
Primary Exempt PurposeSEE SCHEDULE OPrimaryExemptPurposeTxt

Program Srvc Accomplishment ProgramSrvcAccomplishmentGrp (3 entries)

Description Program Srvc AccomDescriptionProgramSrvcAccomTxtGrants And AllocationsGrantsAndAllocationsAmtProgram Service ExpensesProgramServiceExpensesAmt
ACADEMIC SCHOLARSHIP GRANTS TO 14 YOUNG ADULTS$31,000$10,208
COMMUNITY & YOUNG WOMENS PROGRAMS, INCLUDING GRANTS$7,711$2,539
GRANTS TO EDUCATIONAL ADVANCEMENT FOUNDATION FOR SCHOLARSHIPS AND COMMUNITY PROGRAMS$15,264$5,026
FieldValueIRS element (for citing)
Total Program Service Expenses$17,773TotalProgramServiceExpensesAmt

Officer Director Trustee Empl OfficerDirectorTrusteeEmplGrp (7 entries)

TitleTitleTxtAverage Hrs Per Wk Devoted To PosAverageHrsPerWkDevotedToPosRtCompensationCompensationAmtEmployee Benefit ProgramEmployeeBenefitProgramAmtExpense Account Other AllwncExpenseAccountOtherAllwncAmt
STELLA SALISU HICKMAN
PRESIDENT1.00$0$0$0
GAIL HUTCHINSON
VICE PRESIDENT0.50$0$0$0
INEZ GARDNER
FINANCIAL SECRETARY0.50$0$0$0
SHAREE L MYRICKS
TREASURER1.50$0$0$0
MARQUITA MCGHEE
RECORDING SECRETARY0.50$0$0$0
SANTRICE R MARTIN
AUDIT CHAIR0.50$0$0$0
CLARICE DAVIDON
CORRESPONDING SECRETARY0.50$0$0$0
FieldValueIRS element (for citing)
Activities Not Previously RptfalseActivitiesNotPreviouslyRptInd
Chg Made To Orgnzng Doc Not RptfalseChgMadeToOrgnzngDocNotRptInd
Organization Had UBIfalseOrganizationHadUBIInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Organization Dissolved EtcfalseOrganizationDissolvedEtcInd
Form1120 Pol FiledfalseForm1120PolFiledInd
Made Loans To From OfficersfalseMadeLoansToFromOfficersInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
States Where Copy Of Return Is FldILStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonSTELLA SALISU HICKMANPersonNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 5842AddressLine1Txt
CityEvanstonCityNm
State AbbreviationILStateAbbreviationCd
ZIP602045842ZIPCd
FieldValueIRS element (for citing)
Phone2243607450PhoneNum
FieldValueIRS element (for citing)
Foreign Financial AccountfalseForeignFinancialAccountInd
Foreign OfficefalseForeignOfficeInd
Donor Advised FndsfalseDonorAdvisedFndsInd
Operate HospitalfalseOperateHospitalInd
Tanning Services ProvidedfalseTanningServicesProvidedInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Transaction With Control EntfalseTransactionWithControlEntInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
School OperatingfalseSchoolOperatingInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Part VI Of Comp Of Hghst Pd EmplNONEPartVIOfCompOfHghstPdEmplTxt
Part VI Hghst Pd Cntrct Prof SrvcNONEPartVIHghstPdCntrctProfSrvcTxt
Filed Schedule AYes (true)FiledScheduleAInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Publicly Supported Org509a2Yes (X)PubliclySupportedOrg509a2Ind

Gifts Grants Contris Rcvd509 GiftsGrantsContrisRcvd509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,223CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,425CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$52,195CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$63,413CurrentTaxYearMinus1YearAmt
Current Tax Year$25,082CurrentTaxYearAmt
Total$216,338TotalAmt

Gross Receipts Admissions GrossReceiptsAdmissionsGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$65CurrentTaxYearMinus4YearsAmt
Total$65TotalAmt

Total509 Total509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$17,288CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$58,425CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$52,195CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$63,413CurrentTaxYearMinus1YearAmt
Current Tax Year$25,082CurrentTaxYearAmt
Total$216,403TotalAmt

Subst And Dsqlfy Prsns Tot SubstAndDsqlfyPrsnsTotGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$0CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$0CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$0CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$0CurrentTaxYearMinus1YearAmt
Current Tax Year$0CurrentTaxYearAmt
Total$0TotalAmt
FieldValueIRS element (for citing)
Public Support Total509$216,403PublicSupportTotal509Amt

Gross Investment Income509 GrossInvestmentIncome509Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,866CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,091CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,056CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$465CurrentTaxYearMinus1YearAmt
Current Tax Year$3,163CurrentTaxYearAmt
Total$12,641TotalAmt

Investment Income And UBTI InvestmentIncomeAndUBTIGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$2,866CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$4,091CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$2,056CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$465CurrentTaxYearMinus1YearAmt
Current Tax Year$3,163CurrentTaxYearAmt
Total$12,641TotalAmt

Total Support Calendar Year TotalSupportCalendarYearGrp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$20,154CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$62,516CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$54,251CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$63,878CurrentTaxYearMinus1YearAmt
Current Tax Year$28,245CurrentTaxYearAmt
Total$229,044TotalAmt
FieldValueIRS element (for citing)
Public Support CY5090.94480PublicSupportCY509Pct
Public Support PY5090.95920PublicSupportPY509Pct
Investment Income CY0.06000InvestmentIncomeCYPct
Investment Income PY0.04000InvestmentIncomePYPct
Thirty Thr Pct Suprt Tests CY509Yes (X)ThirtyThrPctSuprtTestsCY509Ind

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (5 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
List of grants and similar amounts paid Part I line 10Activity CHARITABLE ORGANIZATIONS Grantee HBCU, ED ADVANCEMENT FUND, VARIOUS Amount 22,975Activity SCHOLARSHIPS Grantee 14 INDIVIDUAL COLLEGE STUDENTS Amount 31,000
Description of other expenses Part I line 16Description AmountADMINISTRATION 12,844INSURANCE 1,612TECHNOLOGY 30GOVERNMENT FEES 130BANK FEES 300
Other changes in net assets or fund balances Part I line 20Description AmountUNREALIZED GAIN IN INVESTMENTS 517
Description of other assets Part II line 24Category Beginning of Year End of YearPREPAID EXPENSE 3,274 3,274
Part III response or note to any other line in Part IIIThe foundations purpose is to financially support the programs of Alpha Kappa Alpha Sorority, Incorporated, Delta Chi Omega Chapter and other porgrams that promote education, economic empowerment, health and the importance of family. The Ivy Pearl Foundation, Inc. raises funds through member dues and fundraising efforts. The Foundation meets a minimum of four times each year to consider organizational matters, program grant proposals and develop fundraising strategies.

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