Promo Fund
- Assets
- $350.3k
- Revenue
- $479.0k
- Investments
- $0.0
- Employees
- 7
- Location
- St Louis, MO
- Founding
- 05/1994
- Data as of
- 12/2022
- EIN
- 43-1661280
Organization Overview
Promo Fund is located in St Louis, MO. The organization was established in 1994. 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 12/2022, Promo Fund employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promo Fund 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 12/2022, Promo Fund generated $479.0k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.0% each year. All expenses for the organization totaled $514.4k during the year ending 12/2022. While expenses have increased by 2.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
ORGANIZE VOLUNTEERS ACROSS THE STATE OF MISSOURI TO GAIN SUPPORT AND EQUALITY FOR LGBTQ CITIZENS THROUGH EDUCATION AND COMMUNITY ACTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
REVIEW PUBLIC POLICY ON HEALTHCARE AND OTHER AREAS WHICH IMPACT THE LGBTQ COMMUNITY. BUILD AWARENESS FOR HEALTH DISPARITIES, LACK OF ACCESS, AND IDENTIFY OTHER CHALLENGES IN PUBLIC POLICY WHICH IMPACT THE HEALTH AND WELL-BEING OF THE LGBTQ COMMUNITY.
BUILD OUTREACH AND EDUCATION EFFORTS ON LACK OF BASIC PROTECTIONS IN EMPLOYMENT, HOUSING, AND PUBLIC ACCOMMODATIONS BASED ON SEXUAL ORIENTATION AND GENDER IDENTITY AT BOTH THE LOCAL AND STATEWIDE LEVEL. LEVERAGE THAT KNOWLEDGE TO INFORM THE PUBLIC AND ORGANIZE SUPPORT ACROSS THE STATE.
PROVIDE EDUCATION, REFERRAL, AND SOCIAL SUPPORT TO LGBT ELDERS IN MISSOURI. BUILD AWARENESS OF THE NEEDS OF LGBT OLDER ADULTS AND THE DISPARITIES THEY FACE WITHIN THE OVERALL LGBT COMMUNITY AND GENERAL PUBLIC.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Gee Vice-Chair | OfficerTrustee | 2 | $0 |
Michael Cole President/ch | OfficerTrustee | 2 | $0 |
Steve Goldberg Treasurer | OfficerTrustee | 2 | $0 |
Kyler Sherman-Wilkins Board Member | Trustee | 1 | $0 |
Taylor Cunningham Board Member | Trustee | 1 | $0 |
Aro Royston Secretary | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $500 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $444,806 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $445,306 |
| Total Program Service Revenue | $0 |
| Investment income | $14,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $16,448 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $478,961 |
| 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 | $257,170 |
| Pension plan accruals and contributions | $3,006 |
| Other employee benefits | $27,848 |
| Payroll taxes | $19,126 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,477 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $79,806 |
| Advertising and promotion | $375 |
| Office expenses | $21,511 |
| Information technology | $3,639 |
| Royalties | $0 |
| Occupancy | $26,552 |
| Travel | $17,441 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,730 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,446 |
| All other expenses | $1,561 |
| Total functional expenses | $514,426 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,451 |
| Savings and temporary cash investments | $233,089 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $706 |
| 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 | $1,693 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,403 |
| Total assets | $350,342 |
| Accounts payable and accrued expenses | $18,211 |
| 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 | $18,211 |
| Net assets without donor restrictions | $259,267 |
| Net assets with donor restrictions | $72,864 |
| 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 | $350,342 |