Promisek Incorporated
- Assets
- $2.1m
- Revenue
- $138.3k
- Investments
- $342.0k
- Employees
- 0
- Location
- Bridgewater, CT
- Founding
- 12/1977
- Data as of
- 04/2024
- EIN
- 06-0964701
Organization Overview
Promisek Incorporated is located in Bridgewater, CT. The organization was established in 1977. According to its NTEE Classification (T23) the organization is classified as: Private Operating Foundations, 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. Promisek Incorporated 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 04/2024, Promisek Incorporated generated $138.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $151.6k during the year ending 04/2024. As we would expect to see with falling revenues, expenses have declined by (1.3%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
ACQUIRE AND MAINTAIN THE BUILDINGS AND OTHER OPERATING ASSETS OF THE HEALING CENTER AND ECOLOGICAL SANCTUARY
DEVELOP AND MAINTAIN HISTORICAL GARDENS
CONDUCT EDUCATIONAL CONFERENCES AND SEMINARS: GROUNDS AND GARDENS; COMMUNION; MEN'S GROUP; SPECIAL EVENTS: TEA AND POETRY; WOMEN'S GROUP
OTHER RELATED ACTIVITIES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Graham Bass Vice-Preside | 0 | $0 | |
Jill Hogan President | 0 | $0 | |
Phyllis Beauvais Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $111,760 |
| Interest on Savings | $87 |
| Dividends & Interest | $4,834 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $21,589 |
| Total Revenue | $138,270 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $68 |
| Depreciation | $69,949 |
| Occupancy | $41,360 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $33,800 |
| Total operating and administrative expenses | $151,587 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $151,587 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $322,909 |
| Savings and temporary cash investments | $0 |
| 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 | $482 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $515 |
| Net Land, buildings, and equipment | $1,475,859 |
| Other assets | $0 |
| Total assets | $2,141,258 |
| 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, Promisek Incorporated has awarded $1,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BRIDGEWATER FIRE DEPARTMENT PURPOSE: CHARITABLE GIFT | $500 |
FRIENDS OF THE LAKE PURPOSE: CHARITABLE GIFT | $500 |