Promise 686 Inc
- Assets
- $1.8m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 18
- Location
- Peachtree Corners, GA
- Founding
- 08/2009
- Data as of
- 12/2021
- EIN
- 27-0427930
Organization Overview
Promise 686 Inc is located in Peachtree Corners, GA. The organization was established in 2009. 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 12/2021, Promise 686 Inc employed 18 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise 686 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 12/2021, Promise 686 Inc generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $2.0m during the year ending 12/2021. While expenses have increased by 12.7% per year over the past 7 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 2014, Promise 686 Inc has awarded 77 individual grants totaling $1,077,817. 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
PROMISE686 IS A NONPROFIT ORGANIZATION THAT MOBILIZES CHURCH COMMUNITIES TO CARE FOR VULNERABLE CHILDREN, WORKING TO FULFILL GOD'S PROMISE TO SET "THE LONELY IN FAMILIES" (PS 68:6)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMISE686 SERVED 1017 CHURCHES IN 2021 THROUGH FAMILY ADVOCACY MINISTRY (FAM) LEADERSHIP TRAINING, ONGOING VOLUNTEER SUPPORT, DIGITAL RESOURCES, AND COALITION BUILDING ACTIVITIES. JUST OVER 6700 VOLUNTEERS ACTIVELY SERVED CHILDREN AND FAMILIES THROUGH COMMITTED ROLES IN CARE COMMUNITIES. ADDITIONALLY, PROMISE686 SERVED 37 AFFILIATED NON-PROFITS IN UTILIZING PROMISE686 RESOURCES AND GUIDANCE TO ASSIST AT-RISK CHILDREN IN THEIR SPECIFIC LOCALES, INFLUENCING LIVES IN 27 STATES.
PROMISE686 PROVIDED 26 ADOPTION/FOSTER GRANTS AND 7 LEGAL GRANTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Andrew Cook President And CEO | OfficerTrustee | 40 | $209,734 |
Ty Bryant Employee | Officer | 40 | $120,568 |
John Flores Employee | Officer | 40 | $115,460 |
Keith Style Treasurer | OfficerTrustee | 2 | $0 |
Tim Rider Chairman | OfficerTrustee | 2 | $0 |
Patrick Moody Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $691,538 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,319,662 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,011,200 |
| Total Program Service Revenue | $103,494 |
| Investment income | $250 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $57,385 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,361,672 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $150,876 |
| Grants and other assistance to domestic individuals. | $104,947 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $445,762 |
| Compensation of current officers, directors, key employees. | $32,519 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $620,471 |
| Pension plan accruals and contributions | $23,981 |
| Other employee benefits | $168,168 |
| Payroll taxes | $80,270 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $2,000 |
| Fees for services: Accounting | $9,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,500 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $49,388 |
| Advertising and promotion | $0 |
| Office expenses | $4,005 |
| Information technology | $29,174 |
| Royalties | $0 |
| Occupancy | $39,587 |
| Travel | $34,222 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $12,543 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,279 |
| Insurance | $29,328 |
| All other expenses | $110,345 |
| Total functional expenses | $1,968,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,729,516 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $20,000 |
| 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 | $4,009 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,753,525 |
| Accounts payable and accrued expenses | $66,829 |
| 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 | $66,829 |
| Net assets without donor restrictions | $1,666,696 |
| Net assets with donor restrictions | $20,000 |
| 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 | $1,753,525 |
Grants Awarded
Over the last fiscal year, Promise 686 Inc has awarded $100,547 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
Birmingham, AL PURPOSE: Adop Asst. | $33,047 |
FLORIDA ADOPTION CENTER LLC PURPOSE: Adop Asst. | $19,991 |
Saint Simons Island, GA PURPOSE: Adop Asst. | $16,000 |
Roswell, GA PURPOSE: Adop Asst | $10,600 |
FAMILY CREATIONS PURPOSE: Adop Asst. | $8,562 |
Waltham, MA PURPOSE: Adop Asst | $6,682 |
Grants Recieved
Over the last fiscal year, we have identified 18 grants that Promise 686 Inc has recieved totaling $450,490.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: HUMAN SERVICES | $179,100 |
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: GROWTH | $90,950 |
Servant Foundation Overland Park, KS PURPOSE: COMMUNITY DEVELOPMENT | $36,000 |
The Global Orphan Project Inc Kansas City, MO PURPOSE: ORPHAN CARE | $25,000 |
Berman Charitable Foundation Inc Vestavia Hills, AL PURPOSE: CARE FOR FOSTER CHILDREN | $20,000 |
Sartain Lanier Family Foundation Inc Atlanta, GA PURPOSE: TO SUPPORT THE MISSION OF THE RECIPIENT ORGANIZATION | $20,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Community Action Committee Montgomery, AL | $13,253,001 | $19,355,950 |
Economic Improvement Council Inc Edenton, NC | $4,246,156 | $20,948,013 |
Catholic Charities Of Tennessee Inc Nashville, TN | $6,708,389 | $19,282,106 |
Society Of St Vincent De Paul South Pinellas Inc St Petersburg, FL | $20,224,703 | $21,064,190 |
Country Club Of Landfall Wilmington, NC | $36,040,032 | $19,318,350 |
Miracle Hill Ministries Inc Greenville, SC | $35,712,614 | $22,314,976 |
Community Service Programs Of West Alabama Inc Tuscaloosa, AL | $11,169,657 | $19,088,639 |
Catholic Charities Bureau Jacksonville, FL | $12,649,665 | $19,074,889 |
Pee Dee Community Action Agency Florence, SC | $4,501,947 | $18,161,366 |
Action Pathways Inc Fayetteville, NC | $19,024,818 | $19,740,388 |
Southeast Tennessee Human Resource Agency Dunlap, TN | $24,351,699 | $17,068,562 |
Western Carolina Community Action Inc Hendersonville, NC | $8,009,014 | $16,309,816 |