Global Pearls Llc is located in Albuquerque, NM. The organization was established in 2016. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Global Pearls Llc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Global Pearls Llc generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 29.5% each year . All expenses for the organization totaled $1.2m during the year ending 12/2023. While expenses have increased by 27.3% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT, WE PROMOTE GRASS-ROOTS EFFORTS TO ALLEVIATE POVERTY AND SUFFERING IN DEVELOPING COUNTRIES, PARTICULARLY THROUGH EDUCATION AND TRAINING, WITH A FOCUS ON WOMEN, CHILDREN, AND OTHER MARGINALIZED GROUPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PROGRAM IN MOROCCO PROVIDES VOCATIONAL TRAINING IN FOOD INDUSTRY SKILLS FOR IMPOVERISHED FAMILIES AND PUT IN A WELL FOR A VILLAGE WHOSE WELL HAD RUN DRY. THIS YEAR, AS A RESULT OF THE EARTHQUAKE, THERE WAS ALSO A LARGE RELIEF PROGRAM TO HELP 27 VILLAGES NEAREST THE EPICENTER OF THE QUAKE. THIS INCLUDED PROVIDING IMMEDIATE FOOD RELIEF, HELPING OVER 400 CHILDREN RELOCATE TO BOARDING SCHOOLS, AND WORKING TO HELP COMMUNITIES REBUILD THEIR LIVES.
GLOBAL PEARLS ADDRESSES ISSUES SUCH AS EDUCATION, HEALTHCARE, AGRICULTURE, INCOME GENERATION, HUNGER, AND GENDER-BASED VIOLENCE IN DEVELOPING COUNTRIES AROUND THE WORLD BY EMPOWERING LOCALS TO TACKLE THE ISSUES THEY ARE MOST PASSIONATE ABOUT.
IN CAMEROON, WE CONTINUED TO FUND AN ELEMENTARY SCHOOL THAT SERVES ORPHANED AND DISPLACED CHILDREN, INCLUDING DAILY MEALS, A DANCE PROGRAM FOR PSYCHOSOCIAL HEALING, AND A COMPUTER LITERACY PROGRAM. WE FINISHED THE CONSTRUCTION OF A SECONDARY SCHOOL TO SERVE THE SAME CHILDREN AND EQUIPPED IT WITH HALF THE TRAINING EQUIPMENT REQUIRED. THIS YEAR WE ADDED A HEALTH PROGRAM TO TREAT INTESTINAL WORMS AND OTHER COMMON AILMENTS.
CHILD RAPE HAS ESCALATED DRAMATICALLY IN WESTERN CAMEROON, SO WE RAN FOUR CHILD-RAPE-PREVENTION CAMPS THAT TAUGHT 200 CHILDREN HOW TO AVOID DANGEROUS SITUATIONS, PROTECT THEMSELVES WHEN THREATENED, AND CONTEND WITH THE AFTERMATH OF RAPE. 10 GIRLS-AGAINST-RAPE CLUBS WERE SET UP IN LOCAL SCHOOLS AND WERE ATTENDED BY OVER 1000 YOUNG GIRLS. WE ALSO HELD 18 WORKSHOPS FOR 900 MOTHERS TO TEACH THEM HOW TO PROTECT THEIR CHILDREN, RAN A CONFERENCE FOR ADULT SURVIVORS OF RAPE, AND FUNDED 4 PROJECTS DESIGNED AND RUN BY PARTICIPANTS TO COMBAT RAPE IN THEIR COMMUNITIES. WE ALSO INITIATED A NEW PROGRAM TO TRAIN FIRST RESPONDERS,LIKE THE POLICE, IN HOW TO PROPERLY MANAGE CHILD RAPE CASES.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Lisa Robinson-Spader President | OfficerTrustee | 40 | $0 |
Leemin Chong Vice-Preside | OfficerTrustee | 5 | $0 |
Arlene Say Soto Secretary | OfficerTrustee | 5 | $0 |
Christina Gardiner Board Member | Trustee | 5 | $0 |
Daniel Higbie Board Member | Trustee | 5 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,399,124 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,399,124 |
Total Program Service Revenue | $0 |
Investment income | $11,415 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $1,410,539 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $0 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $1,116,963 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation of current officers, directors, key employees. | $0 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $0 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $0 |
Payroll taxes | $0 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $9,159 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $18,415 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $7,208 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $0 |
All other expenses | $0 |
Total functional expenses | $1,151,745 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $162,264 |
Savings and temporary cash investments | $456,579 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $9,439 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $0 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $563,400 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $1,191,682 |
Accounts payable and accrued expenses | $0 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $0 |
Net assets without donor restrictions | $728,990 |
Net assets with donor restrictions | $462,692 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $1,191,682 |