Greenwood Promise Llc

Organization Overview

Greenwood Promise Llc is located in Greenwood, SC. The organization was established in 2019. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greenwood Promise Llc 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 06/2022, Greenwood Promise Llc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 59.3% each year . All expenses for the organization totaled $423.7k during the year ending 06/2022. While expenses have increased by 50.7% per year over the past 4 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

2022

Describe the Organization's Mission:

Part 3 - Line 1

THE MISSION OF GREENWOOD PROMISE IS TO PROVIDE A TUITION-FREE PATH TO ENSURE GREENWOOD COUNTY STUDENTS OBTAIN THE POST-SECONDARY EDUCATION NEEDED TO DEVELOP A HIGHLY-SKILLED WORKFORCE, IMPROVE OVERALL QUALITY OF LIFE, AND INCREASE ECONOMIC VITALITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROVIDE TUITION ASSISTANCE TO GRADUATES OF GREENWOOD COUNTY TO PROMOTE POST-SECONDARY EDUCATION AND THEREBY ENSURING A SKILLED AND EDUCATED WORKFORCE, AN IMPROVED OVERALL QUALITY OF LIFE, AND AN INCREASED ECONOMIC VITALITY.


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Board, Officers & Key Employees

Name (title)Compensation
Josh Black
Vice Chair
$0
Josh Garvin
Treasurer
$0
Ron Millender
Chair
$0
Julie Miner
Secretary
$0
Katie Davenport
Executive Di
$0
Welborn Adams
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$5,000
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$1,807,273
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$1,812,273
Total Program Service Revenue$0
Investment income $109,358
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $425,268
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,346,899

Grants Recieved

Over the last fiscal year, we have identified 5 grants that Greenwood Promise Llc has recieved totaling $64,926.

Awarding OrganizationAmount
$34,917
County Bank Foundation

Greenwood, SC

PURPOSE: GENERAL DONATION

$25,000
Kauffmann Family Foundation Inc

Atlanta, GA

PURPOSE: GENERAL SUPPORT

$2,500
Davis Family Foundation

Greenwood, SC

PURPOSE: GENERAL SUPPORT

$2,500
Amazonsmile Foundation

Seattle, WA

PURPOSE: GENERAL SUPPORT

$9
View Grant Recipient Profile

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