Promise Of Learning Foundation
- Assets
- $1.2m
- Revenue
- $72.3k
- Investments
- $864.2k
- Employees
- 0
- Location
- Lenexa, KS
- Founding
- 11/1997
- Data as of
- 12/2021
- EIN
- 74-2810000
Organization Overview
Promise Of Learning Foundation is located in Lenexa, KS. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Of Learning Foundation 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, Promise Of Learning Foundation generated $72.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.0%) each year. All expenses for the organization totaled $23.5k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.6%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Promise Of Learning Foundation has awarded 37 individual grants totaling $116,750. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M H Bickimer Vice-Pres | 3 | $0 | |
D K Kanatzar Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,500 |
| Interest on Savings | $1,419 |
| Dividends & Interest | $33,026 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $401 |
| Capital Gain Net Income | $401 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $72,346 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $40 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,841 |
| Total operating and administrative expenses | $2,881 |
| Contributions, gifts, grants paid | $20,650 |
| Total expenses and disbursements | $23,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $290,934 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $864,192 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,155,126 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Promise Of Learning Foundation has awarded $20,650 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
Lenexa, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $10,000 |
Overland Park, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $3,000 |
BISHOP WARD HIGH SCHOOL PURPOSE: EDUCATION | $2,500 |
Kansas City, KS PURPOSE: EDUCATION | $2,000 |
URBAN RANGERS PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |
Olathe, KS PURPOSE: GENERAL CHARITABLE PURPOSE | $1,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Src Benefit Programs Trust Springfield, MO | $118,089 | $9,937,850 |
J A & Leta M Chapman Tr 10267 Tulsa, OK | $125,788,673 | $4,652,723 |
Steel & Pipe Supply Company Inc Voluntary Employees Beneficiary Tr Manhattan, KS | $1,575,827 | $5,668,085 |
Eric P And Evelyn Newman Charitable Foundation Saint Louis, MO | $112,434,986 | $5,417,714 |
Pauline Mcfarlin Walter Memorial Trust 10910 Tulsa, OK | $77,675,534 | $8,407,780 |
James A & Leta M Chapman Testamentary Charitable Tr Tulsa, OK | $63,271,395 | $1,980,658 |
Marvin S Robinson Charitable Tr Manhattan, KS | $11,920,559 | $11,406,956 |
Interco Charitable Trust St Louis, MO | $0 | $2,555,755 |
Ann & Gary Dickinson Family Charitable Foundation Kansas City, MO | $19,054,311 | $2,660,965 |
Pete Morgan Foundation Trust Denver, CO | $1,580,035 | $792,859 |
Founders Of Doctors Hospital Inc Tulsa, OK | $36,273,225 | $1,645,827 |
Cora E Adkins Trust Springfield, MO | $0 | $82,287 |