An EIN is a unique nine-digit number that identifies a business for tax purposes.
An EIN is a unique nine-digit number that identifies a business for tax purposes.
Organization Mission
Our mission is to provide a philanthropic source of funds to individuals and projects related to educational attainment at Florida A&M University, other HBCUs, and o ... (More)
Rating Information
Great
This charity's score is 91%, earning it a Four-Star rating. If this organization aligns with your passions and values, you can give with confidence.
Charity Navigator's ratings previously did not consider Leadership & Adaptability, Culture & Community, or Impact & Measurement. The historic rating mainly reflects a version of today’s Accountability and Finance score. More information on our previous rating methodologies can be found on our rating methodology page.
Rating histories are available for a growing number of rated organizations. Check back later to see if this organization has a rating history!
I.V.Y. P.E.A.R.L. Foundation, Incorporated cannot currently be evaluated by our Accountability & Finance methodology due to only having 2 years of electronically-filed IRS Form 990 data.
To ensure year-to-year consistency the Encompass Rating System's Accountability & Finance beacon analyzes the three-year average of some data provided through the IRS 990.
Charity Navigator currently only has 2 years of consecutive e-filed Forms 990 from the IRS for I.V.Y. P.E.A.R.L. Foundation, Incorporated under the EIN: 85-3516072.
Before Charity Navigator can evaluate I.V.Y. P.E.A.R.L. Foundation, Incorporated, I.V.Y. P.E.A.R.L. Foundation, Incorporated will need to e-file for additional fiscal years.
This chart displays the trend of revenue and expenses over the past several years for this organization, as reported on their IRS Form 990.
Click or hover over the bar to see exact $ amount
Salary of Key Persons - Data Available
Presented here are up to five of this organization's highest compensated employees. This compensation data includes salary, cash bonuses, and expense accounts and is displayed exactly how it is reported to the IRS. The amounts do not include nontaxable benefits, deferred compensation, or other amounts not reported on Form W-2. In some cases, these amounts may include compensation from related organizations. Read the IRS policies for compensation reporting
Phaedra Cofield, Secretary
$0
Kristen Whittley, Financial Secretary
$0
Ebony Terrell-shockley, Treasurer
$0
Glenda Henderson, Incorporator
$0
Valencia Walker, President
$0
Source: IRS Form 990 (page 7), filing year 2023
IRS Published Data (Business Master File) - Data Available
Organization that normally receives no more than one-third of its support from gross investment income and unrelated business income and at the same time more than one-third of its support from contributions, fees, and gross receipts related to exempt purposes. 509(a)(2) (BMF foundation code: 16)
Affiliation:
Independent - the organization is an independent organization or an independent auxiliary (i.e., not affiliated with a National, Regional, or Geographic grouping of organizations). (BMF affiliation code: 3)
Data Sources (IRS Forms 990) - Data Available
The Form 990 is a document that nonprofit organizations file with the IRS annually. We leverage accountability and finance data from it to form Encompass ratings. Click here to search for this organization's Forms 990 on the IRS website (if any are available). Simply enter the organization's name (I.V.Y. P.E.A.R.L. Foundation, Incorporated) or EIN (853516072) in the 'Search Term' field.
Impact & Measurement
Score
92
This beacon estimates the actual impact a charity has on the lives of those it serves, and determines whether it is making good use of donor resources to achieve that impact.
$1,666 increases income for a scholarship recipient by $2,641
Program Context
This program grants scholarships to beneficiaries.
Data Time Period
9/29/23 to 9/29/24
Benchmark for Scoring
Impact scores of postsecondary scholarship programs are based on income generated relative to cost. Programs receive an Impact score of 100 if they increase income for a recipient by more than $1.25 for every $1 spent and a score of 80 if income increases by more than $0.80 for every $1 spent. If a nonprofit reports impact but doesn't meet the benchmark for cost-effectiveness, it earns a score of 65. This program increases income for a scholarship recipient by more than $1.25 for every $1 spent.
Methodology
This impact score was determined through the Postsecondary Scholarships methodology which is fully detailed in the Charity Navigator Guide to Ratings. Analysis conducted in 2024 by Charity Navigator using data submitted by the nonprofit, theory and evidence from scientific research studies, and public datasets.
Data Source
The nonprofit submitted data on the dollar value of all scholarships it grants and the number of scholarship recipients, which we use to calculate the additional income that the nonprofit's scholarship program generates.
Measurement
67 out of 100 points
25% of Impact & Measurement score
Full Credit
Partial Credit
No Credit
The Measuring Outcomes assessment evaluates how well a charity tracks progress towards its mission's outcomes.
Displayed below are the responses provided by the charity for the Measuring Outcomes assessment. Each question is designed to address specific criteria, with responses eligible for full, partial, or no credit. Please refer to the scoring rubric for details on how responses are scored.
Selected program: Post secondary scholarships, Submitted September 2024
Program Planning and Design
14 out of 21 points
This section assesses the use of crucial evaluation tools in program objective-setting and activities.
Charity leadership uses information collected to make decisions regarding programs
Agree, uses information collected to improve programs
Charity has shared understanding across staff of how programs lead to the goals a program achieves
Agree, has universal understanding of how programs achieve goals
Charity has documents and reviews how program activities lead to change
Disagree, does not document or review
Charity revisits how program activities lead to change
Disagree, does not revisit how program activities lead to change
Program Development
19 out of 28 points
This section assesses the consideration of stakeholders in program objectives and activities.
Charity identifies program target population needs in the following ways
Discussions or surveys with target population on how program activities best serve their needs
Charity considers practical, cultural, and political needs and interests of those served by program
Partially agree, charity is responsive to some practical, cultural, or political needs
Charity uses SMART Goals
Agree, identified Specific, Measurable, Achievable, Relevant, and Time-Bound (SMART) goals
Data Collection and Analysis
11 out of 21 points
This section assesses the best practices used in collecting and analyzing program data.
Charity tracks program information in the following ways
Collects data during program implementation
Charity collects programmatic information on those served by the program in the following ways
Identifies the number of those served by program
Charity assesses program effectiveness at multiple points in time
Agree, collects information before and after a program is implemented
Reporting and Distribution of Results
21 out of 21 points
This section assesses reporting and disseminating program results.
Charity reports program results to key stakeholders
Reports results to stakeholders
Charity reports both favorable and unfavorable results
Yes, charity reports both favorable of unfavorable results
Use of Results
2 out of 10 points
This section assesses the use of results to guide learning.
Charity uses program results to inform future work for the following reasons
Understand the impact of their work
Culture & Community
Score
82
This beacon provides an assessment of the organization's culture and connectedness to the community it serves.
Does your organization collect feedback (i.e., perceptions, opinions, concerns) from the people meant to ultimately benefit from your mission?
Yes
Feedback Usage
100 out of 100 points
How is your organization using feedback from the people you serve?
To identify bright spots and enhance positive service experiences
To make fundamental changes to our programs and/or operations
To understand client needs and how we can help them achieve their desired outcomes
Practices
100 out of 100 points
Which of the following feedback practices does your organization routinely carry out?
We look for patterns in feedback based on people’s interactions with us (e.g., site, frequency of service, etc.)
We engage the people who provide feedback in looking for ways we can improve in response
We tell the people who gave us feedback how we acted on their feedback
We share the feedback we received with the people we serve
Challenges
100 out of 100 points
What challenges does your organization face in collecting feedback from the people you serve?
We don't have any major challenges to collecting feedback
Equity Strategies™
73 out of 100 points
67% of Culture & Community score
Full Credit
Partial Credit
No Credit
Equity Strategies™ - Number of Data, Policies & Processes
73 out of 100 points
This organization's score of 73 is a passing score. The organization reported that it is currently only implementing 1 Equity Practices.
The metric is based on the elements of the Equity Strategies™ checklist, developed by Equity in the Center™.
Leadership & Adaptability
Score
100
This beacon provides an assessment of the organization's leadership capacity, strategic thinking and planning, and ability to innovate or respond to changes in constituent demand/need or other relevant social and economic conditions to achieve the organization's mission.
The nonprofit organization presents evidence of strategic thinking through articulating the organization's mission.
Our mission is to provide a philanthropic source of funds to individuals and projects related to educational attainment at Florida A&M University, other HBCUs, and organizations that support communities of color.
Vision Statement
10 out of 10 points
The nonprofit organization presents evidence of strategic thinking through articulating the organization's vision.
Equitable access to higher education.
Strategic Goals
20 out of 20 points
The nonprofit organization presents evidence of strategic thinking and goal setting through sharing their most important strategic goals.
Goal One: Award merit and needs based academic scholarships for educational attainment at Florida A&M University and other HBCUs.
Goal Two: Provide funding for women's student athlete scholarships, inclusive academic enrichment programs, and improvements to the FAMU tennis complex.
Leadership
30 out of 30 points
Full Credit
Partial Credit
No Credit
Investment in Leadership Development
15 out of 15 points
External Focus on Mobilizing Mission
15 out of 15 points
The nonprofit provides evidence of leadership through focusing externally and mobilizing resources for the mission.
Strategic Partnerships
Collaborative Engagement
Social Promotion
Adaptability
30 out of 30 points
Full Credit
Partial Credit
No Credit
Adaptability Statement
30 out of 30 points
The nonprofit has an opportunity to tell the story of how the organization adapted to tremendous external changes in the last year.
In addition to academic scholarship support our organization has received multiple requests to support the athletics programming. As a result, we created a program designated to provide funding for both efforts.
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