Promise Council
- Assets
- $262.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Bloomington, IL
- Founding
- 10/2014
- Data as of
- 06/2024
- EIN
- 47-1896452
Organization Overview
Promise Council is located in Bloomington, IL. The organization was established in 2014. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Council 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 06/2024, Promise Council generated $117.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 12.1% each year . All expenses for the organization totaled $84.1k during the year ending 06/2024. While expenses have increased by 13.0% per year over the past 6 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3
FOCUS ON IMPROVING ACADEMIC ACHIEVEMENT AND REVERSING THE HIGH SCHOOL DROPOUT CRISIS THROUGH COMMUNITY ENGAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Penn Board Member | 1 | $0 | |
Desiree Campbell Board Member | 1 | $0 | |
Irma Bantista Board Member | 1 | $0 | |
Millicent Roth Board Member | 1 | $0 | |
Nancy Brokaw Board Member | 1 | $0 | |
Cheryl Jackson Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,847 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,212 |
| Other Revenue | $0 |
| Total Revenue | $117,059 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $945 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $83,173 |
| Total expenses | $84,118 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $262,521 |
| Other assets | $0 |
| Total assets | $262,521 |
| Total liabilities | $0 |
| Net assets or fund balances | $262,521 |