Childpromise Inc
- Assets
- $4.2m
- Revenue
- $331.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Philadelphia, PA
- Founding
- 03/1941
- Data as of
- 06/2022
- EIN
- 23-1352032
Organization Overview
Childpromise Inc is located in Philadelphia, PA. The organization was established in 1941. According to its NTEE Classification (P73) the organization is classified as: Group Homes, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Childpromise 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, Childpromise Inc generated $331.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.5% each year. All expenses for the organization totaled $334.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Childpromise Inc has awarded 12 individual grants totaling $796,675. 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
DEDICATED TO PROVIDING QUALITY CARE TO YOUTH.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CPI IS CONCENTRATING ITS EFFORTS ON AIDING FOSTER CHILDREN IN THEIR PURSUIT OF HIGHER EDUCATION AND TRADE SCHOOLS THROUGH SCHOLARSHIPS AND MENTORING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carole Davis Vice Chairma | OfficerTrustee | 1 | $0 |
Cheri Christakis Secretary | OfficerTrustee | 1 | $0 |
Pastor Charles Quann Chair | OfficerTrustee | 1 | $0 |
Dr Nathaniel J Williams President/ C | Officer | 5 | $0 |
Larry Buchholz Treasurer | Trustee | 1 | $0 |
Kenneth Campbell Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $99,788 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $99,788 |
| Total Program Service Revenue | $0 |
| Investment income | $47,234 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $179,820 |
| Net Gain/Loss on Asset Sales | $4,121 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $330,963 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $5,912 |
| Fees for services: Other | $6,250 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Depreciation, depletion, and amortization | $63,764 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $334,473 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $52,778 |
| Savings and temporary cash investments | $6,341 |
| Pledges and grants receivable | $16,259 |
| 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 | $20,720 |
| Net Land, buildings, and equipment | $1,035,708 |
| Investments—publicly traded securities | $2,274,344 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $824,137 |
| Total assets | $4,230,287 |
| Accounts payable and accrued expenses | $48,726 |
| 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 | $48,726 |
| Net assets without donor restrictions | $950,261 |
| Net assets with donor restrictions | $3,231,300 |
| 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 | $4,230,287 |
Grants Awarded
Over the last fiscal year, Childpromise Inc has awarded $242,646 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
KUTZTOWN UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $201,110 |
Allentown, PA PURPOSE: FOSTER CARE SUPPORT | $20,902 |
Williamsport, PA PURPOSE: EDUCATIONAL SUPPORT | $10,841 |
PENNSYLVANIA STATE UNIVERSITY PURPOSE: EDUCATIONAL SUPPORT | $9,793 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Childpromise Inc has recieved totaling $80,940.
| Awarding Organization | Amount |
|---|---|
Philadelphia Foundation Philadelphia, PA PURPOSE: GENERAL OPERATING SUPPORT | $43,152 |
Ginkinger Memorial Trust 1513076563 Las Vegas, NV PURPOSE: GENERAL OPERATING | $28,594 |
Ppl Foundation Allentown, PA PURPOSE: PROGRAM SUPPORT | $5,000 |
Haney Foundation Trust Dtd 2-21-1930 Las Vegas, NV PURPOSE: GENERAL OPERATING | $3,689 |
Pond Lehocky Giordano Foundation Philadelphia, PA PURPOSE: SUPPORTS QUALITY RESIDENTIAL AND EDUCATIONAL SERVICES FOR CHILDREN | $500 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Endowment Analysis
| Beg. Balance | $2,621,876 |
| Earnings | -$339,666 |
| Other Expense | $1,526 |
| Ending Balance | $2,280,684 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Independent Group Home Living Program Inc manorville, NY | $86,478,520 | $78,871,944 |
Springbrook Ny Inc Oneonta, NY | $70,518,641 | $82,992,594 |
Allied Health Care Services Clarks Summit, PA | $64,082,428 | $72,290,835 |
Aim Services Inc Saratoga Springs, NY | $21,912,420 | $65,638,335 |
Legacy Treatment Services Inc Hainesport, NJ | $58,670,523 | $58,315,039 |
Berkshire Farm Center And Services For Youth Canaan, NY | $71,666,899 | $71,278,594 |
Cds Monarch Inc Webster, NY | $48,021,600 | $52,074,503 |
Abbott House Irvington, NY | $21,964,456 | $48,325,456 |
Buckeye Ranch Grove City, OH | $52,523,955 | $52,506,935 |
Living Resources Corp Albany, NY | $27,600,860 | $48,007,513 |
Champaign Residential Services Inc Urbana, OH | $32,789,817 | $40,282,333 |
Womens League Community Residences Inc Brooklyn, NY | $30,529,251 | $39,206,945 |