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Pearl Initiative Inc

Organization summary

Type of Nonprofit

Designated as a Business leagues, chambers of commerce, real estate boards, etc, created for the improvement of business conditions.

Category: Community Improvement, Capacity Building / Promotion of Business (NTEE)

Donations to this organization are not tax deductible.

Summary charts: organization finances over time

Revenue
$923k (2022)

Expenses
$1.17M (2022)

Total Assets
$2.06M (2022)

Total Liabilities
$240k (2022)

Source: Form 990 tax filings from 2012 to 2022

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$923,271
Expenses
$1,170,355
Net Income
-$247,084
Net Assets
$1,818,066
Notable Sources of Revenue Percent of Total Revenue
Contributions $329,370
35.7%
Program Services $550,000
59.6%
Investment Income $43,901
4.8%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $189,052
16.2%
Professional Fundraising Fees $0
Other Salaries and Wages $727,678
62.2%
Assets/Debt
Total Assets $2,058,110
Total Liabilities $240,044
Net Assets $1,818,066
Compensation
Key Employees and Officers Compensation Related Other
Ranya Saadawi (Executive Dir.) $189,052 $0 $0
Abdullah Sweileh (Director) $0 $0 $0
Mathad Alajmi (Director) $0 $0 $0
Sheikha Intisar Al Sabah (Director) $0 $0 $0
Pervez Akhtar (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Said Khoury (Director) $0 $0 $0
Hamid Jafar (Director) $0 $0 $0
Patrick Chalhoub (Director) $0 $0 $0
Jamal Fakhro (Chairman) $0 $0 $0
Campbell M Steedman (Director) $0 $0 $0
Ayman Tamer (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Sheikha Hanadi Bint Nasser Bin (Director) $0 $0 $0
Ahmed Al Janahi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$661,891
Expenses
$1,001,646
Net Income
-$339,755
Net Assets
$2,065,150
Notable Sources of Revenue Percent of Total Revenue
Contributions $178,106
26.9%
Program Services $450,000
68.0%
Investment Income $33,785
5.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $187,908
18.8%
Professional Fundraising Fees $0
Other Salaries and Wages $648,749
64.8%
Assets/Debt
Total Assets $2,134,359
Total Liabilities $69,209
Net Assets $2,065,150
Compensation
Key Employees and Officers Compensation Related Other
Ranya Saadawi (Executive Dir.) $196,567 $0 $0
Abdullah Sweileh (Director) $0 $0 $0
Mathad Alajmi (Director) $0 $0 $0
Sheikha Intisar Alsabah (Director) $0 $0 $0
Pervez Akhtar (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Said Khoury (Director) $0 $0 $0
Hamid Jafar (Director) $0 $0 $0
Patrick Chalhoub (Director) $0 $0 $0
Jamal Fakhro (Chairman) $0 $0 $0
Campbell M Steedman (Director) $0 $0 $0
Ayman Tamer (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Sheikha Hanadi Bint Nasser Bin (Director) $0 $0 $0
Ahmed Al Janahi (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$825,151
Expenses
$1,039,912
Net Income
-$214,761
Net Assets
$2,404,905
Notable Sources of Revenue Percent of Total Revenue
Contributions $259,850
31.5%
Program Services $518,750
62.9%
Investment Income $46,551
5.6%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $107,711
10.4%
Professional Fundraising Fees $0
Other Salaries and Wages $532,080
51.2%
Assets/Debt
Total Assets $2,602,368
Total Liabilities $197,463
Net Assets $2,404,905
Compensation
Key Employees and Officers Compensation Related Other
Yasmine Omari (Executive Dir.) $107,711 $71,807 $0
Ranya Saadawi (Executive Dir.) $0 $0 $0
Abdullah Sweileh (Director) $0 $0 $0
Mathad Alajmi (Director) $0 $0 $0
Sheikha Intisar Alsabah (Director) $0 $0 $0
Pervez Akhtar (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Said Khoury (Director) $0 $0 $0
Hamid Jafar (Director) $0 $0 $0
Patrick Chalhoub (Director) $0 $0 $0
Jamal Fakhro (Chairman) $0 $0 $0
Campbell M Steedman (Director) $0 $0 $0
Ayman Tamer (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Sheikha Hanadi Bint Nasser Bin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,613,782
Expenses
$1,246,215
Net Income
$367,567
Net Assets
$2,619,666
Notable Sources of Revenue Percent of Total Revenue
Contributions $819,760
50.8%
Program Services $730,000
45.2%
Investment Income $64,022
4.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $189,519
15.2%
Professional Fundraising Fees $0
Other Salaries and Wages $498,704
40.0%
Assets/Debt
Total Assets $2,868,341
Total Liabilities $248,675
Net Assets $2,619,666
Compensation
Key Employees and Officers Compensation Related Other
Yasmine Omari (Executive Dir.) $189,915 $0 $0
Mathad Alajmi (Director) $0 $0 $0
Ahmed Al Janahi (Director) $0 $0 $0
Pervez Akhtar (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Said Khoury (Director) $0 $0 $0
Hamid Jafar (Director) $0 $0 $0
Patrick Chalhoub (Director) $0 $0 $0
Marcus Krebber (Director) $0 $0 $0
Jamal Fakhro (Chairman) $0 $0 $0
Bashar Obeid (Director) $0 $0 $0
Campbell M Steedman (Director) $0 $0 $0
Ayman Tamer (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Sheikha Hanadi Bint Nassr Bin (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,855,208
Expenses
$1,316,757
Net Income
$538,451
Net Assets
$2,252,099
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,065,165
57.4%
Program Services $749,436
40.4%
Investment Income $40,607
2.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $364,300
27.7%
Professional Fundraising Fees $0
Other Salaries and Wages $515,983
39.2%
Assets/Debt
Total Assets $2,487,834
Total Liabilities $235,735
Net Assets $2,252,099
Compensation
Key Employees and Officers Compensation Related Other
Carla Koffel (Executive Direc) $200,000 $0 $0
Yasmine Omari (Director) $163,400 $0 $0
Mathad Alajmi (Vice Chairman) $0 $0 $0
Ahmed Al Janahi (Director) $0 $0 $0
Pervez Akhtar (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Hamid Jafar (Chairman) $0 $0 $0
Patrick Chalhoub (Director) $0 $0 $0
Marcus Krebber (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Bashar Obeid (Director) $0 $0 $0
Campbell M Steedman (Director) $0 $0 $0
Ayman Tamer (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Samer Said Khoury (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,868,695
Expenses
$1,405,729
Net Income
$462,966
Net Assets
$1,713,648
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,863,105
99.7%
Program Services $0
Investment Income $5,590
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $200,000
14.2%
Professional Fundraising Fees $0
Other Salaries and Wages $608,437
43.3%
Assets/Debt
Total Assets $1,963,416
Total Liabilities $249,768
Net Assets $1,713,648
Compensation
Key Employees and Officers Compensation Related Other
Carla Koffel (Executive Direc) $200,000 $0 $0
Abdulaziz Hamad Al Jomaih (Vice Chairman) $0 $0 $0
Fadi Ghandour (Director) $0 $0 $0
Fahad Alturki (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Hamid Jafar (Chairman) $0 $0 $0
Helal Saeed Al Marri (Director) $0 $0 $0
Abdulaziz Al Sowailim (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Iyad Malas (Director) $0 $0 $0
Abdulla Mazrui (Director) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Khalid Al Rajhi (Director) $0 $0 $0
Rashad Al Zubair (Director) $0 $0 $0
Hanadi Bint Nasser Bin Khalid (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,136,290
Expenses
$1,418,021
Net Income
$718,269
Net Assets
$1,250,682
Notable Sources of Revenue Percent of Total Revenue
Contributions $2,136,290
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $200,000
14.1%
Professional Fundraising Fees $0
Other Salaries and Wages $494,820
34.9%
Assets/Debt
Total Assets $1,481,283
Total Liabilities $230,601
Net Assets $1,250,682
Compensation
Key Employees and Officers Compensation Related Other
Carla Koffel (Executive Direc) $200,000 $0 $0
Arif Naqvi (Director) $0 $0 $0
Riad Sadik (Vice Chairman) $0 $0 $0
Abdulaziz Hamad Al Jomaih (Vice Chairman) $0 $0 $0
Fadi Ghandour (Director) $0 $0 $0
Fahad Alturki (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Hamid Jafar (Chairman) $0 $0 $0
Helal Saeed Al Marri (Director) $0 $0 $0
Abdulaziz Al Sowailim (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Iyad Malas (Director) $0 $0 $0
Abdulla Mazrui (Director) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Khalid Al Rajhi (Director) $0 $0 $0
Rashad Al Zubair (Director) $0 $0 $0
Hanadi Bint Nasser Bin Khalid (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,441,874
Expenses
$1,211,207
Net Income
$230,667
Net Assets
$32,413
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,441,874
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $381,912
31.5%
Professional Fundraising Fees $0
Other Salaries and Wages $288,922
23.9%
Assets/Debt
Total Assets $1,059,233
Total Liabilities $1,026,820
Net Assets $32,413
Compensation
Key Employees and Officers Compensation Related Other
Carla Koffel (Executive Direc) $200,000 $0 $0
Imelda Dunlop (Executive Dir.) $181,912 $0 $0
Arif Naqvi (Director) $0 $0 $0
Riad Sadik (Vice Chairman) $0 $0 $0
Abdulaziz Hamad Al Jomaih (Vice Chairman) $0 $0 $0
Fadi Ghandour (Director) $0 $0 $0
Fahad Alturki (Director) $0 $0 $0
Amir Dossal (Executive Comm.) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0
Badr Jafar (Executive Comm.) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Hamid Jafar (Chairman) $0 $0 $0
Helal Saeed Al Marri (Director) $0 $0 $0
Abdulaziz Al Sowailim (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Iyad Malas (Director) $0 $0 $0
Abdulla Mazrui (Director) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Khalid Al Rajhi (Director) $0 $0 $0
Rashad Al Zubair (Director) $0 $0 $0
Hanadi Bint Nasser Bin Khalid (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$973,505
Expenses
$874,095
Net Income
$99,410
Net Assets
-$168,095
Notable Sources of Revenue Percent of Total Revenue
Contributions $973,448
100.0%
Program Services $0
Investment Income $57
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $466,176
53.3%
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $508,945
Total Liabilities $677,040
Net Assets -$168,095
Compensation
Key Employees and Officers Compensation Related Other
Imelda Dunlop (Secretary & Ed) $176,743 $0 $0
Celine Schreiber (Programme Manager) $103,651 $0 $0
Hamid Dhiya Jafar (Chairman) $0 $0 $0
Abdulaziz H Aljomaih (Vice Chairman) $0 $0 $0
Riad Al Sadiq (Vice Chairman) $0 $0 $0
Abdulla Mazrui (Director) $0 $0 $0
Abdulaziz Al Sowailim (Director) $0 $0 $0
Amir Dossal (Director) $0 $0 $0
Arif Naqvi (Director) $0 $0 $0
Badr Jafar (Director) $0 $0 $0
Fadi Ghandour (Director) $0 $0 $0
Fahad Al Turki (Director) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Helal Saeed Almarri (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Khalid Al Rajhi (Director) $0 $0 $0
Abdulbasit Ahmed Al Shsibei (Director) $0 $0 $0
Rashad M Al Zubair (Director) $0 $0 $0
Iyad Malas (Director) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$699,590
Expenses
$731,320
Net Income
-$31,730
Net Assets
-$267,505
Notable Sources of Revenue Percent of Total Revenue
Contributions $699,521
100.0%
Program Services $0
Investment Income $69
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $169,205
23.1%
Professional Fundraising Fees $0
Other Salaries and Wages $235,102
32.1%
Assets/Debt
Total Assets $275,261
Total Liabilities $542,766
Net Assets -$267,505
Other
Reported conflict of interest transactions
Compensation
Key Employees and Officers Compensation Related Other
Imelda Dunlop (Secretary & Ed) $165,956 $0 $3,249
Hamid Dhiya Jafar (Chairman) $0 $0 $0
Abdulaziz H Aljomaih (Vice Chairman) $0 $0 $0
Riad Al Sadiq (Vice Chairman) $0 $0 $0
Abdulla Mazrui (Director) $0 $0 $0
Abdulaziz Al Sowailim (Director) $0 $0 $0
Amir Dossal (Director) $0 $0 $0
Arif Naqvi (Director) $0 $0 $0
Badr Jafar (Director) $0 $0 $0
Fadi Ghandour (Director) $0 $0 $0
Fahad Al Turki (Director) $0 $0 $0
Hani Ashkar (Director) $0 $0 $0
Helal Saeed Almarri (Director) $0 $0 $0
Jamal Fakhro (Director) $0 $0 $0
Khalid Al Rajhi (Director) $0 $0 $0
Khalid Bin Thani A Al Thani (Director) $0 $0 $0
Rashad M Al Zubair (Director) $0 $0 $0
Iyad Malas (Director) $0 $0 $0
Samer Khoury (Director) $0 $0 $0
Varouj Nerguizian (Director) $0 $0 $0

Document Links

Fiscal Year Ending Dec.
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$620,000
Expenses
$732,504
Net Income
-$112,504
Net Assets
-$235,775
Notable Sources of Revenue Percent of Total Revenue
Contributions $620,000
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $150,000
20.5%
Professional Fundraising Fees $0
Other Salaries and Wages $198,317
27.1%
Assets/Debt
Total Assets $333,078
Total Liabilities $568,853
Net Assets -$235,775

Document Links

Fiscal Year Ending Dec.
2011

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

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