Promise Partners
- Assets
- $838.7k
- Revenue
- $1.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Council Bluffs, IA
- Founding
- 04/2010
- Data as of
- 06/2021
- EIN
- 26-1240327
Organization Overview
Promise Partners, operating under the name Thriving Families Alliance, is located in Council Bluffs, IA. The organization was established in 2010. According to its NTEE Classification (P40) the organization is classified as: Family Services, 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. Thriving Families Alliance 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 06/2021, Thriving Families Alliance generated $1.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $1.7m during the year ending 06/2021. While expenses have increased by 0.7% per year over the past 6 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.
Since 2015, Thriving Families Alliance has awarded 66 individual grants totaling $10,129,090. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE PURPOSE OF THRIVING FAMILIES ALLIANCE IS TO OVERSEE STATE AND LOCAL INITIATIVES TO ENABLE POTTAWATTAMIE COUNTY CHILDREN AND YOUTH,TO BE HEALTHY, SAFE, HAVE MARKETABLE SKILLS AND OPPORTUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOL READY PROGRAMS ARE INTENTED TO SUPPORT A COMPREHENSIVE EARLY CHILDCARE, HEALTH AND EDUCATION SYSTEM FOR CHILDREN AGES 0-5 YEARS.
MATERNAL, INFANT, EARLY CHILDHOOD HOME VISITATION PROGRAM IS TO INCREASE AVALABILITY OF EVIDENCE BASED HOME VISITATION PROGRAMS IN AT RISK COMMUNITIES.
EARLY CHILDHOOD DEVELOPMENT PROGRAMS ARE INTENDED TO ENHANCE THE CAPACITY AND QUALITY OF CHILDCARE SERVICES TO HELP PARENTS OBTAIN OR RETAIN EMPLOYMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia Russmann Executive Director | Officer | 40 | $82,356 |
Melvyn Houser Board Chairperson | OfficerTrustee | 1 | $0 |
Scott Belt Vice Chairperson | OfficerTrustee | 1 | $0 |
Tom Bouska Director | Trustee | 1 | $0 |
Tim Ross Director | Trustee | 1 | $0 |
Gayle Strickland Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,707,413 |
| All other contributions, gifts, grants, and similar amounts not included above | $41,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,749,355 |
| Total Program Service Revenue | $0 |
| Investment income | $64 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,788,908 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,074,284 |
| Grants and other assistance to domestic individuals. | $6,457 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $100,666 |
| Compensation of current officers, directors, key employees. | $47,192 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $175,133 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $68,205 |
| Payroll taxes | $19,486 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $60,665 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $18,577 |
| Information technology | $4,141 |
| Royalties | $0 |
| Occupancy | $14,015 |
| Travel | $161 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $44,503 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,314 |
| Insurance | $7,479 |
| All other expenses | $0 |
| Total functional expenses | $1,688,331 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $562,452 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $177,263 |
| 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 | $89,614 |
| Net Land, buildings, and equipment | $9,401 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $838,730 |
| Accounts payable and accrued expenses | $292,996 |
| 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 | $292,996 |
| Net assets without donor restrictions | $421,686 |
| Net assets with donor restrictions | $124,048 |
| 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 | $838,730 |
Grants Awarded
Over the last fiscal year, Promise Partners has awarded $1,048,882 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
Council Bluffs, IA PURPOSE: CONSULTANT/PARENTS AS TEACHERS | $457,013 |
Omaha, NE PURPOSE: MATERNAL INFANT/HOME VISITS | $329,725 |
Harlan, IA PURPOSE: CHILDCARE | $142,466 |
Clarinda, IA PURPOSE: MATERNAL INFANT | $80,705 |
Omaha, NE PURPOSE: PARENTING | $38,973 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promise Partners has recieved totaling $5,866.
| Awarding Organization | Amount |
|---|---|
Good360 Alexandria, VA PURPOSE: TO ASSIST THOSE IN NEED | $5,866 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Hillcrest Family Services Dubuque, IA | $25,783,146 | $22,464,986 |
Cap Services Inc Stevens Point, WI | $51,415,788 | $20,477,463 |
Family Focus Legacy Chicago, IL | $2,525,153 | $18,438,437 |
Mhnu Corporation Chicago, IL | $31,730,440 | $21,174,627 |
Family Services Of Northeast Wisconsin Inc Green Bay, WI | $20,431,269 | $18,504,506 |
Metropolitan Family Services Dupage Wheaton, IL | $0 | $16,523,351 |
Youth & Family Services Inc Rapid City, SD | $17,926,215 | $14,125,472 |
Academie Lafayette Kansas City, MO | $17,489,585 | $15,520,106 |
Epworth Children & Family Services Inc Saint Louis, MO | $25,361,313 | $12,399,724 |
St Charles Youth And Family Services Inc Milwaukee, WI | $8,959,168 | $12,461,282 |
Family Service Association Of Lincoln Lincoln, NE | $8,898,158 | $11,846,969 |
Community Action Partnership Of Greater St Joseph St Joseph, MO | $9,745,975 | $10,171,417 |