Promise Preschool Inc
- Assets
- $0.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Duluth, MN
- Founding
- 01/2013
- Data as of
- 06/2021
- EIN
- 27-0520300
Organization Overview
Promise Preschool Inc is located in Duluth, MN. The organization was established in 2013. According to its NTEE Classification (B21) the organization is classified as: Preschools, under the broad grouping of Education and related organizations. Promise Preschool 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 06/2021, Promise Preschool Inc generated $417.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (55.7%) each year. All expenses for the organization totaled $25.6k during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROMISE PRESCHOOL STRIVES TO PROVIDE A HIGH-QUALITY PRESCHOOL BASED IN CHRISTIAN BELIEFS AND FAITH THE ORGANIZATION SERVED CHILDREN DURING THE SCHOOL YEAR. SOME CHILDREN FINISHED THE SCHOL YEAR AND WERE ASSESSED TO BE READY FOR KINDERGARTEN. PROMISE PRESCHOOL HAS ADDED SPANISH AND MUSIC LESSONS PROVIDED BY SPECIALIZED TEACHERS DURING PAST YEARS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Boman President | 1 | $0 | |
Sarah Ching Preschool Di | 20 | $5,903 | |
Kellie Weigel Director | 1 | $0 | |
Dustin Hamm Treasurer | 1 | $0 | |
Megan Knetsch Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $375 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $12 |
| Other Revenue | $30 |
| Total Revenue | $417 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,014 |
| Professional fees and other payments to independent contractors | $1,245 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $16,291 |
| Total expenses | $25,550 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Total liabilities | $0 |
| Net assets or fund balances | $0 |