Promise 686 Inc
- Assets
- $2.1m
- Revenue
- $4.0m
- Investments
- $0.0
- Employees
- 40
- Location
- Peachtree Corners, GA
- Founding
- 08/2009
- Data as of
- 12/2023
- 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 12/2023, Promise 686 Inc employed 40 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 12/2023, Promise 686 Inc generated $4.0m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 18.5% each year . All expenses for the organization totaled $4.0m during the year ending 12/2023. While expenses have increased by 18.8% per year over the past 9 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 69 individual grants totaling $1,053,293. 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
2023
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 GODS PROMISE TO SET THE LONELY IN FAMILIES (PS 68:6)
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMISE686 SERVED 1,818 CHURCHES IN 2023 THROUGH FAMILY ADVOCACY MINISTRY (FAM) LEADERSHIP TRAINING, ONGOING VOLUNTEER SUPPORT, DIGITAL RESOURCES, AND COALITION BUILDING ACTIVITIES. JUST OVER 18,161 VOLUNTEERS ACTIVELY SERVED CHILDREN AND FAMILIES THROUGH COMMITTED ROLES IN CARE COMMUNITIES. ADDITIONALLY, PROMISE686 SERVED 39 AFFILIATED NON-PROFITS IN UTILIZING PROMISE686 RESOURCES AND GUIDANCE TO ASSIST AT-RISK CHILDREN IN THEIR SPECIFIC LOCALES, INFLUENCING LIVES IN 38 STATES.
PROMISE686 PROVIDED $140,075 IN GRANTS TO HELP ADOPTIVE FAMILIES, $45,784 TO SUPPORT FAMILIES, AND $77,020 TO PARTNER ORGANIZATIONS TO SERVE FAMILIES IN THEIR LOCAL AREAS. PROMISE686 ALSO PROVIDED $27,013 IN LEGAL GRANTS TO FINALIZE ADOPTIONS FOR 10 FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Rider Chairman | OfficerTrustee | 2 | $0 |
Keith Style Vice Chairman | OfficerTrustee | 2 | $0 |
Andrew Cook President And CEO | OfficerTrustee | 40 | $222,969 |
Patrick Moody Secretary | Trustee | 2 | $0 |
Lawrence Overbey Board Member | Trustee | 2 | $0 |
Jim Allen Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $627,103 |
| Related organizations | $0 |
| Government grants | $179,420 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,052,679 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,859,202 |
| Total Program Service Revenue | $226,595 |
| Investment income | $23,271 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$106,966 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,002,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $77,021 |
| Grants and other assistance to domestic individuals. | $212,872 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $751,879 |
| Compensation of current officers, directors, key employees. | $22,297 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,649,031 |
| Pension plan accruals and contributions | $36,730 |
| Other employee benefits | $338,969 |
| Payroll taxes | $172,620 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,260 |
| Fees for services: Accounting | $11,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $5,035 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,839 |
| Advertising and promotion | $18,737 |
| Office expenses | $3,954 |
| Information technology | $138,267 |
| Royalties | $0 |
| Occupancy | $94,461 |
| Travel | $109,859 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $37,073 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,254 |
| Insurance | $42,315 |
| All other expenses | $154,188 |
| Total functional expenses | $4,000,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,204,767 |
| Savings and temporary cash investments | $461,574 |
| Pledges and grants receivable | $0 |
| 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 | $18,328 |
| Net Land, buildings, and equipment | $58,714 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $313,097 |
| Total assets | $2,056,480 |
| Accounts payable and accrued expenses | $197,012 |
| 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 | $320,963 |
| Total liabilities | $517,975 |
| Net assets without donor restrictions | $1,538,505 |
| Net assets with donor restrictions | $0 |
| 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 | $2,056,480 |
Grants Awarded
Over the last fiscal year, Promise 686 Inc has awarded $74,560 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MOVEMENTORG PURPOSE: Partner support | $35,500 |
CHICK-FIL-A PURPOSE: Family Support | $39,060 |