Universal Promise
- Assets
- $145.7k
- Revenue
- $220.8k
- Investments
- $0.0
- Employees
- 1
- Location
- Newport, RI
- Founding
- 05/2011
- Data as of
- 12/2022
- EIN
- 27-5162410
Organization Overview
Universal Promise is located in Newport, RI. The organization was established in 2011. According to its NTEE Classification (Q33) the organization is classified as: International Relief, under the broad grouping of International, Foreign Affairs & National Security and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Universal Promise 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 12/2022, Universal Promise generated $220.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $229.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
DESCRIPTION OF ORGANIZATION MISSION: SEE ATTACHED ADDITIONAL INFORMATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
UP RAISES FUNDS FOR THE RENOVATION OF FACILITIES IN SOUTH AFRICA, TO BRING THE MOST NEEDY FACILITIES UP TO A PROPER STANDARD. UP WORKS WITH LOCAL PERSONNEL TO EVALUATE A TIMELY AND QUALITY EXECUTION OF PROJECTS, AN ADHERENCE TO OUR MISSION, AND A BROAD POPULATION IMPACT
UP PROVIDES ELEMENTARY, SECONDARY, AND TERTIARY SCHOOL STUDENTS WITH SCHOOL UNIFORMS, WHICH ARE REQUIRED FOR SCHOOL ATTENDANCE IN SOUTH AFRICA, AND OTHER EDUCATIONAL MATERIALS TO ARM THEM WITH THE MATERIALS THEY REQUIRE TO ENHANCE THEIR CHANCES OF SUCCESS
UP INVESTS IN EDUCATION ACROSS THE SPECTRUM OF TRADITIONAL SCHOOL, CAREER-TRAINING, AND HEALTHCARE THE THREE DOMAINS WORK IN CONCERT TO PROVIDE THE BEST CHANCES FOR A LEARNER'S SUCCESS IN A TRADITIONAL SCHOOL. EDUCATION, FINANCIAL INDEPENDENCE, AND GOOD HEALTH ARE INEXTRICABLY LINKED
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Risa Weinrit Chairperson | OfficerTrustee | 2 | $0 |
Martha T Cummings President | OfficerTrustee | 40 | $83,600 |
Alex Hill Secretary | OfficerTrustee | 2 | $0 |
Charlie Josephs Director | OfficerTrustee | 2 | $0 |
Kim Finnerty Treasurer | OfficerTrustee | 2 | $0 |
Zukiswa Mbuli Director | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $70,967 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $149,815 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $220,782 |
| Total Program Service Revenue | $0 |
| Investment income | $37 |
| 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 | $220,819 |
| 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 | $95,719 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,600 |
| 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 | $351 |
| Payroll taxes | $6,688 |
| Fees for services: Management | $600 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $456 |
| 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 | $258 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $2,550 |
| All other expenses | $0 |
| Total functional expenses | $229,149 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $136,157 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $9,568 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $145,725 |
| Accounts payable and accrued expenses | $3,059 |
| 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 | $3,059 |
| Net assets without donor restrictions | $142,666 |
| Net assets with donor restrictions | $0 |
| 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 | $145,725 |