Libertys Promise Inc

Organization Overview

Libertys Promise Inc is located in Alexandria, VA. The organization was established in 2003. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 12/2021, Libertys Promise Inc employed 24 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Libertys Promise Inc 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 12/2021, Libertys Promise Inc generated $1.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.4% each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. While expenses have increased by 3.7% per year over the past 7 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

LIBERTY'S PROMISE SUPPORTS YOUNG IMMIGRANTS IN NEED WHILE ENCOURAGING THEM TO BE ACTIVE AND CONSCIENTIOUS AMERICAN CITIZENS. THE ORGANIZATION'S PROGRAMS AIM TO MAKE THE IMMIGRANT EXPERIENCE AN AFFIRMATIVE ONE FOR YOUNG NEWCOMERS WHILE INSTILLING IN THEM A SENSE OF PRIDE AND SUPPORT FOR AMERICAN IDEALS OF DEMOCRACY AND FREEDOM. BY DOING SO, LIBERTY'S PROMISE SEEKS TO REAFFIRM THIS COUNTRY'S FUNDAMENTAL EGALITARIAN AND DEMOCRATIC TRADITIONS FOR FUTURE GENERATIONS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

THE ORGANIZATION COLLABORATES WITH GOVERNMENT AGENCIES, BUSINESSES AND NON-PROFIT ORGANIZATIONS TO OFFER EIGHT-WEEK INTERNSHIPS FOR LOW- INCOME,IMMIGRANT YOUTH, PROMOTES ACTIVE COMMUNITY INVOLVEMENT THROUGH AFTER-SCHOOL PROGRAMS OF CIVIC ENGAGEMENT, AND PROVIDES LONG-TERM MENTORING SO THAT YOUTH STAY IN HIGH SCHOOL, AND GO ON TO HIGHER EDUCATION AND A SUCCESSFUL CAREER.


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Board, Officers & Key Employees

Name (title)Compensation
Robert Ponichtera
Executive Di
$74,167
Louisa Coan Greve
Chairperson
$0
Krista Hendry
Vice Chair/i
$0
Jennifer Wilk
Secretary
$0
Greg Mclean
Board Member
$0
Rose Purcell
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $657,213
All other contributions, gifts, grants, and similar amounts not included above$545,583
Noncash contributions included in lines 1a–1f $4,536
Total Revenue from Contributions, Gifts, Grants & Similar$1,202,796
Total Program Service Revenue$0
Investment income $1,073
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 $1,306,264

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Libertys Promise Inc has recieved totaling $10,000.

Awarding OrganizationAmount
Cloudbreak Foundation Inc

McLean, VA

PURPOSE: CIVIC ENGAGEMENT PROGRAM

$10,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$191,322
Net Contributions$99,887
Other Expense$114,780
Ending Balance$176,429

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