Promise Place
- Assets
- $162.1k
- Revenue
- $1.2m
- Investments
- $0.0
- Employees
- 0
- Location
- New Bern, NC
- Founding
- 10/1980
- Data as of
- 06/2019
- EIN
- 56-1247967
Organization Overview
Promise Place is located in New Bern, NC. The organization was established in 1980. According to its NTEE Classification (I73) the organization is classified as: Sexual Abuse Prevention, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Place 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 06/2019, Promise Place generated $1.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 28.1% each year . All expenses for the organization totaled $1.1m during the year ending 06/2019. While expenses have increased by 21.6% per year over the past 5 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.
Limited Data Available: This organization filed their most recent 990 in paper format. This filing methodology limits the information that can be extracted from the filing.Limited Data Available: This organization is one of the few in our database that filed their most recent 990 with the IRS in paper format. This filing methodology limits the information that can be extracted from the filing. This will, however, be changing soon; The IRS now requires all organizations to file their 990s electronically.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,074,377 |
| Investment income | $84 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $96,834 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,173,639 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $61,124 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $633,513 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $58,814 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,840 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $83,165 |
| Advertising and promotion | $1,525 |
| Office expenses | $30,933 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $60,746 |
| Travel | $15,847 |
| 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 | $11,687 |
| Insurance | $23,486 |
| All other expenses | $0 |
| Total functional expenses | $1,078,632 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,762 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $68,078 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $3,742 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $162,106 |
| Accounts payable and accrued expenses | $11,086 |
| 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 | $4,972 |
| Total liabilities | $16,058 |
| Net assets without donor restrictions | $146,048 |
| 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 |
| Total liabilities and net assets/fund balances | $146,048 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Promise Place has recieved totaling $137,934.
| Awarding Organization | Amount |
|---|---|
Food Bank Of Central & Eastern North Carolina Inc Raleigh, NC PURPOSE: FIGHT HUNGER | $96,916 |
United Way Of Coastal Carolina Inc New Bern, NC PURPOSE: TRAUMA THERAPY | $23,900 |
North Carolina Community Foundation Inc Raleigh, NC PURPOSE: PUBLIC & SOCIETAL BENEFIT | $16,601 |
Ballard Family Foundation New Bern, NC PURPOSE: COMMUNITY | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $17 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Me Too International Inc Atlanta, GA | $3,414,581 | $2,875,802 |
Safepath Childrens Advocacy Center Inc Marietta, GA | $1,154,199 | $1,362,544 |
Generations Alternative Programs Inc Simpsonville, SC | $2,516,010 | $1,706,130 |
Doors To Freedom Summerville, SC | $914,389 | $1,293,276 |
Sexual Assault Resource Agency Charlottesville, VA | $748,156 | $1,133,738 |
Collins Center Harrisonburg, VA | $298,274 | $796,716 |
The Lily Pad Sane Center Inc Albany, GA | $688,727 | $782,783 |
Child Advocacy Center For The Twentythird Judical District Inc Charlotte, TN | $701,533 | $757,182 |
On Eagles Wings Concord, NC | $314,829 | $618,651 |
Jackson Center For Independent Living Jackson, TN | $808,450 | $669,002 |
Valley Childrens Advocacy Center Inc Staunton, VA | $553,893 | $521,975 |
Rappahannock Council Against Sexual Assault Fredericksburg, VA | $329,628 | $451,652 |