City Of Promise Inc
- Assets
- $557.2k
- Revenue
- $857.5k
- Investments
- $0.0
- Employees
- 11
- Location
- Charlottesville, VA
- Founding
- 05/2019
- Data as of
- 06/2022
- EIN
- 83-1439722
Organization Overview
City Of Promise Inc is located in Charlottesville, VA. 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. As of 06/2022, City Of Promise Inc employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. City Of Promise Inc 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, City Of Promise Inc generated $857.5k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 8.9% each year. All expenses for the organization totaled $837.6k during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO END GENERATIONAL POVERTY, AND TO FOSTER A CULTURE OF ACHIEVEMENT IN WHICH ALL CHILDREN IN OUR COMMUNITY GRADUATE FROM HIGH SCHOOL, READY FOR COLLEGE OR CAREER.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PATHWAY COACHING. STUDENTS IN GRADES 5 THROUGH 12 ARE ASSIGNED A COACH TO SUPPORT THEIR ACADEMIC SUCCESS. COACHES COLLABORATE WITH TEACHERS TO ADDRESS ACADEMIC AND BEHAVIORAL NEEDS. COACHES ENSURE THAT STUDENTS ARE CONNECTED TO AFTER-SCHOOL ACTIVITIES, SUMMER PROGRAMS, AND EMPLOYMENT OPPORTUNITIES. COACHES PLAN AND CHAPERONE FIELD TRIPS, GIVE KIDS A RIDE WHENT THEY NEED IT, AND SUPPORT PARENTS IN NAVIGATING PAPERWORK AND SYSTEMS THAT WILL LIFT UP THE WHOLE FAMILY.
PROMISE BABY ACADEMY, GATEWAY SERVICES, COVID RELIEF, STORY BOOK PROJECT, AND OTHER
GENERAL PROGRAM. THIS AREA INCLUDED EXPENSES WHICH ENABLED REMOTE LEARNING DURING THE PANDEMIC. OTHER ACIVITIES INCLUDED RESEARCH, DEVELOPMENT OF STANDARDS OF PERFORMANCE, AND THE DEVELOPMENT OF METRICS TO MEASURE THE SUCCESS OF OUTCOMES. FOOD AND TRANSPORTATION SERVICES WERE INCLUDED IN GENERAL PROGRAM ACTIVITY.
ADULT EMPOWERMENT. RESEARCH SHOWS THAT CHILDREN'S SUCCESS IN SCHOOL IS LINKED TO THEIR PARENTS' LEVEL OF EDUCATIONAL ATTAINMENT. OUR FAMILY EMPOWERMENT PROGRAMS OFFER A DUAL-GENERATION STRATEGY FOR ACADEMIC ACHIEVEMENT. ANCHORED IN FAMILY LITERACY, WORKSHOPS AND ACTIVITIES ENABLE PARENTS TO REACH IMPORTANT SELF-SUFFIECIENCY GOALS AS THEY LEARN AND GROW TOGETHER WITH THEIR CHILDREN.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Coleman Executive Director | Officer | 40 | $77,576 |
William Shenkir President | OfficerTrustee | 1.5 | $0 |
Leah Puryear Vice President | OfficerTrustee | 1.5 | $0 |
Molly Dunnington Treasurer | OfficerTrustee | 1.5 | $0 |
Jessica Carter Secretary | OfficerTrustee | 1 | $0 |
Andrew Block Board Member | Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $55,919 |
| All other contributions, gifts, grants, and similar amounts not included above | $790,872 |
| Noncash contributions included in lines 1a–1f | $33,600 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $846,791 |
| Total Program Service Revenue | $0 |
| Investment income | $2,453 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $2,805 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $857,549 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $47,098 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $77,576 |
| Compensation of current officers, directors, key employees. | $31,030 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $371,658 |
| Pension plan accruals and contributions | $1,591 |
| Other employee benefits | $69,392 |
| Payroll taxes | $33,322 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,820 |
| Fees for services: Accounting | $3,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $45,774 |
| Advertising and promotion | $6,897 |
| Office expenses | $11,485 |
| Information technology | $20,204 |
| Royalties | $0 |
| Occupancy | $47,998 |
| Travel | $1,687 |
| 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 | $18,876 |
| Depreciation, depletion, and amortization | $5,329 |
| Insurance | $6,430 |
| All other expenses | $0 |
| Total functional expenses | $837,571 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $229,910 |
| Savings and temporary cash investments | $0 |
| 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 | $10,330 |
| Investments—publicly traded securities | $316,470 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $500 |
| Total assets | $557,210 |
| Accounts payable and accrued expenses | $107,405 |
| 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 | $0 |
| Total liabilities | $107,405 |
| Net assets without donor restrictions | $414,497 |
| Net assets with donor restrictions | $35,308 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $557,210 |