Village Of Promise Incorporated
- Assets
- $271.8k
- Revenue
- $1.7m
- Investments
- $0.0
- Employees
- 36
- Location
- Huntsville, AL
- Founding
- 05/2011
- Data as of
- 07/2023
- EIN
- 27-4419395
Organization Overview
Village Of Promise Incorporated is located in Huntsville, AL. The organization was established in 2011. According to its NTEE Classification (P40) the organization is classified as: Family Services, under the broad grouping of Human Services and related organizations. As of 07/2023, Village Of Promise Incorporated employed 36 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Village Of Promise 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 07/2023, Village Of Promise Incorporated generated $1.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $1.9m during the year ending 07/2023. While expenses have increased by 21.2% per year over the past 8 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, Village Of Promise Incorporated has awarded 26 individual grants totaling $808,577. 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
WE ARE A FAMILY ADVANCEMENT CENTER, WITH PROGRAMS DESIGNED TO GUIDE AND SUPPORT CHILDREN AND THEIR FAMILIES AS THEY TRANSITION OUT OF POVERTY WHILE THEY ADVANCE EDUCATIONALLY, SOCIAL-EMOTIONALLY, PHYSICALLY, AND PROFESSIONALLY. WE FOCUS OUR PROGRAMS ON EDUCATIONAL, EMOTIONAL, SOCIAL, PHYSICAL AND PROFESSIONAL GROWTH OF CHILDREN AND THEIR FAMILIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FAMILY ADVANCEMENT PROGRAM FOCUSES ON EDUCATIONAL, SOCIAL-EMOTIONAL, PHYSICAL, AND PROFESSIONAL GOALS FOR EACH FAMILY MEMBER. THERE WERE 36 ADULTS AND 73 CHILDREN SERVED DURING THE 2022-2023 SESSIONS.
THE EDUCATION PROGRAM SUPPORTS THE ACADEMIC PROGRAMS DELIVERED TO THE STUDENTS AND CAN INCLUDE SUPPORT TO TEACHERS AND PARENTS. THE PROGRAM INCLUDES THE FREEDOM SCHOOL - A 6 WEEK SUMMER PROGARM BASED ON AN INTEGRATED READING CURRICULUM (IRC), THE READING ACADEMY - AN AFTER-SCHOOL PHONICS-BASED PROGRAM, WITH INSTRUCTORS TRAINED IN ORTON GILLINGHAM METHODS DESIGNED TO WORK WITH CHILDREN WHO STRUGGLE WITH DYSLEXIA, AND MIDDLE AND HIGH SCHOOL SUCCESS - A PROGRAM DESIGNED TO INTRODUCE SCHOLARS TO LIFE SKILLS, GOAL SETTING, AND CHARACTER LEADERSHIP DEVELOPMENT. THESE ITEMS INCLUDE: TEACHER, PARENT, AND TUTOR SUPPLIES AND EDUCATIONAL MATERIALS; FIELD TRIPS; STUDENT INCENTIVES; AND PRINTING.
THE FAMILY CONNECTIONS PROGRAM CONSIST OF THE FAMILY CONNECTIONS PROGRAM AND THE NEXT STEPS PROGRAM. THE FAMILY CONNECTIONS PROGRAM IS ATWO-GENERATION FAMILY LITERACY PROGRAM THAT INCORPORATES THE KENAN MODEL FAMILY LITERACY COMPONENTS - ADULT EDUCATION, PARENT AND CHILD TOGETHER (PACT) TIME, AND PARENT TIME - FAMILY SERVICE LEARNING, FAMILY MENTORING, ADULT EDUCATION, AND ENGLISH AS A SECOND LANGUAGE. TECHNOLOGY IS ALSO INCLUDED. THIS PROGRAM SUPPORTS PARENT AWARENESS AND USE OF INTERACTIVE LITERACY ACTIVITIES, CIVIC ENGAGEMENT, PARENTING TECHNOLOGY SKILLS, SERVICE LEARNING PROJECTS, SCHOOL ENGAGEMENT, AND COMMUNITY AWARENESS. ULTIMATELY, THE PROGRAM AIMS TO DEVELOP EMPLOYABILITY SKILLS, LEADERSHIP CAPACITY, AND SOCIAL CAPITAL OF PARTICIPANTS. THERE WERE 36 FAMILIES SERVED DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Beth Martin Richardson Chair | OfficerTrustee | 1 | $0 |
Lynne Berry Vallely Vice Chair | OfficerTrustee | 1 | $0 |
Lewis Price Treasurer | OfficerTrustee | 1 | $0 |
Alice Lanier Secretary | OfficerTrustee | 1 | $0 |
Violet Gilbert Director | Trustee | 1 | $0 |
Wendy Yang Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $712,626 |
| All other contributions, gifts, grants, and similar amounts not included above | $695,095 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,407,721 |
| Total Program Service Revenue | $44,358 |
| Investment income | $2,654 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $222,584 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,677,317 |
| 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. | $53,769 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,189,372 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $187,945 |
| Payroll taxes | $89,096 |
| Fees for services: Management | $29,760 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,403 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $17,195 |
| Office expenses | $206,550 |
| Information technology | $642 |
| Royalties | $0 |
| Occupancy | $63,604 |
| 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 | $2,630 |
| Insurance | $30,080 |
| All other expenses | $0 |
| Total functional expenses | $1,918,046 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $171,464 |
| Savings and temporary cash investments | $72,728 |
| 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 | $0 |
| Net Land, buildings, and equipment | $27,570 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $271,762 |
| Accounts payable and accrued expenses | $80,618 |
| 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 | $2,565 |
| Other liabilities | $0 |
| Total liabilities | $83,183 |
| Net assets without donor restrictions | $116,903 |
| Net assets with donor restrictions | $71,676 |
| 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 | $271,762 |
Grants Awarded
Over the last fiscal year, Village Of Promise Incorporated has awarded $107,558 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY PLACE ELEMENTARY SCHOOL PURPOSE: PROVIDE EDUCATIONAL SUPPLIES TO STUDENTS AND TEACHERS | $97,955 |
UNIVERSITY PLACE ELEMENTARY SCHOOL PURPOSE: PROVIDE EDUCATIONAL PROGRAMS TO STUDENTS AND TEACHERS | $9,603 |
UNIVERSITY PLACE ELEMENTARY SCHOOL PURPOSE: PROVIDE TRANSPORTATION FOR STUDENTS TO EDUCATIONAL PROGRAMS | $0 |