Hbcu Promise Inc
- Assets
- $3.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Smyrna, GA
- Founding
- Data as of
- 12/2022
- EIN
- 84-2968970
Organization Overview
Hbcu Promise Inc is located in Smyrna, GA. According to its NTEE Classification (B01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Hbcu 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 12/2022, Hbcu Promise Inc generated $77.9k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 40.6% each year . All expenses for the organization totaled $117.4k during the year ending 12/2022. While expenses have increased by 5.9% per year over the past 2 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Drew L Cannon MBA Board Chair | 1 | $0 | |
Rosezetta Bobo PHD Vice Chair | 1 | $0 | |
Deaundr'e Newsome Secretary -Alumni Board Member | 1 | $0 | |
Nathaniel Kemp Interim Treasurer | 1 | $0 | |
Helon Tafari Board Member | 1 | $0 | |
Ian Mcclellan Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $68,289 |
| Total Program Service Revenue | $9,625 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $77,914 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $40,844 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $4,026 |
| Other expenses | $72,569 |
| Total expenses | $117,439 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $3,086 |
| Other assets | $0 |
| Total assets | $3,586 |
| Total liabilities | $174,308 |
| Net assets or fund balances | -$170,722 |