Ileri Inc
- Assets
- $264.3k
- Revenue
- $232.3k
- Investments
- $0.0
- Employees
- 1
- Location
- Christiansted St Croix, VI
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 66-0818815
Organization Overview
Ileri Inc, operating under the name Project Promise, is located in Christiansted St Croix, VI. The organization was established in 2015. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Project 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 12/2021, Project Promise generated $232.3k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 21.3% each year . All expenses for the organization totaled $108.6k during the year ending 12/2021. While expenses have increased by 20.0% per year over the past 7 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GIVING AT-RISK YOUTH THE TOOLS AND SUPPORT THEY NEED TO LIVE HEALTHIER LIVES. OBJECTIVES ARE TO ENHANCE THEIR DECISION-MAKING AND CONFLICT RESOLUTION SKILLS, ENABLE THEM TO DISCOVER THEIR VOCATIONAL INTERESTS, AND ULTIMATELY INTEGRATE THEM INTO SOCIETY AND OUR ECONOMY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE "OPEN OUTDOORS FOR KIDS" PROGRAM OFFERS EVERY PUBLIC SCHOOL FOURTH GRADE STUDENT THE OPPORTUNITY TO VISIT AND LEARN ABOUT THE SALT RIVER BAY NATIONAL HISTORICAL PARK AND ECOLOGICAL PRESERVE. THE 3-POINT PROGRAM INCLUDES AN INTRODUCTORY PRESENTATION TO THE PARK AT THE SCHOOL, FOLLOWED BY AN ON-SITE PARK TOUR, AND A POST-EXPERIENCE IN-CLASS VISIT BY THE INSTRUCTOR TO REVIEW WHAT WAS LEARNED.
THE CATERPILLAR PROJECT IS A LONG-TERM PROGRAM DESIGNED TO MAKE A SIGNIFICANT DIFFERENCE IN THE LIVES OF AT-RISK YOUTH IN ST. CROIX. THE INITIAL PILOT GROUP OF SELECTED FIFTH-GRADE STUDENTS MEET WITH STAFFERS AFTER SCHOOL ON A DAILY BASIS THROUGH HIGH SCHOOL AND INTO COLLEGE. THE PROJECT IS A POSITIVE "SUPPORT SYSTEM" FOR THESE YOUTH, AND WILL PROVIDE CLOSE TIES TO ADULTS WHO TAKE A PERSONAL INTEREST IN THEIR GROWTH AND DEVELOPMENT. THIS HOLISTIC PROGRAM INCLUDES LIFE COACHING, MENTORING, COMMUNITY SERVICE, EDUCATIONAL INTERVENTION, CAREER EXPLORATION, PERSONAL WELLNESS, CREATIVE EXPRESSION, CULTURAL AWARENESS, AND FAMILY SUPPORT SERVICES.
THE EXCELLENCE AND LEADERSHIP RECOGNITION PROGRAM IS DESIGNED TO ACKNOWLEDGE AND RECOGNIZE THREE OUTSTANDING PUBLIC HIGH SCHOOL SENIORS WHO HAVE GONE ABOVE AND BEYOND, DESPITE ALL ODDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Resa O'reilly Founder/executive Director | Officer | 40 | $50,700 |
Rudy O'reilly President | OfficerTrustee | 4 | $0 |
Erica Parsons Secretary/treasurer | OfficerTrustee | 3 | $0 |
Kevin Moolenaar Board Member | Trustee | 3 | $0 |
Sylvia Stanislas Board Member | Trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $150 |
| Fundraising events | $3,786 |
| Related organizations | $0 |
| Government grants | $13,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $221,745 |
| Noncash contributions included in lines 1a–1f | $31,631 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $238,681 |
| Total Program Service Revenue | $0 |
| Investment income | $229 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$6,575 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $232,335 |
| 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 | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $50,700 |
| Compensation of current officers, directors, key employees. | $25,350 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $1,346 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $3,787 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $25,123 |
| Advertising and promotion | $3,201 |
| Office expenses | $458 |
| Information technology | $840 |
| Royalties | $0 |
| Occupancy | $148 |
| Travel | $862 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,694 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,151 |
| Insurance | $2,124 |
| All other expenses | $1,790 |
| Total functional expenses | $108,573 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $23,003 |
| Savings and temporary cash investments | $53,545 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $187,791 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $264,339 |
| Accounts payable and accrued expenses | $9,126 |
| 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 | $110,589 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $119,715 |
| Net assets without donor restrictions | $0 |
| 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 | $144,624 |
| Total liabilities and net assets/fund balances | $264,339 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Ileri Inc has recieved totaling $40,838.
| Awarding Organization | Amount |
|---|---|
Community Foundation Of The Virgin Islands Inc St Thomas, VI PURPOSE: YOUTH PROGRAMS/HUMANITIES | $21,887 |
Globalgiving Foundation Inc Washington, DC PURPOSE: FUNDS RAISED BY GLOBALGIVING AND DISBURSED TO MEET DONOR EXPECTATIONS | $18,951 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of The Virgin Islands Charlotte Amalie, VI | $186,155,047 | $106,386,853 |
Frederiksted Health Care Inc St Croix, VI | $21,462,956 | $20,093,262 |
St Thomas East End Medical Center Corporation St Thomas, VI | $1,996,505 | $9,089,421 |