Promising Pages
- Assets
- $302.1k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 10
- Location
- Charlotte, NC
- Founding
- 02/2012
- Data as of
- 06/2022
- EIN
- 45-2540702
Organization Overview
Promising Pages is located in Charlotte, NC. The organization was established in 2012. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 06/2022, Promising Pages employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promising Pages 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 06/2022, Promising Pages generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 21.2% each year . All expenses for the organization totaled $954.6k during the year ending 06/2022. While expenses have increased by 20.7% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROMISING PAGES IS THE CHARLOTTE AREA BOOK BANK! OUR MISSION IS TO COLLECT NEW AND DONATED BOOKS AND SHARE THEM WITH CHILDREN LIVING IN THE CHARLOTTE AREA BOOK DESERT: THOSE WITH FEW, IF ANY, BOOKS AT HOME. WE WORK TO CREATE A CULTURE OF BOOK SHARING AND OWNERSHIP. WE ENVISION A WORLD WHERE ALL CHILDREN HAVE HOME LIBRARIES OF SELF-SELECTED BOOKS, CAN SEE THEMSELVES REFLECTED IN THE BOOKS THEY READ, AND HAVE MADE READING A JOYFUL HABIT FOR A LIFETIME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMISING PAGES COLLECTS NEW AND DONATED BOOKS AND SHARES THEM WITH CHILDREN LIVING IN THE CHARLOTTE AREA BOOK DESERT: THOSE WITH FEW, IF ANY, BOOKS AT HOME. DURING THE 2021-2022 FISCAL YEAR, WE COLLECTED 270,430 BOOKS, AND SHARED 276,661 BOOKS WITH 54,364 STUDENTS VIA 226 SCHOOLS AND OTHER CHILD- AND FAMILY-SERVING COMMUNITY PARTNERS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Law Executive Dir. | Officer | 40 | $55,300 |
Marcy Neale Secretary | OfficerTrustee | 5 | $0 |
Kristin Prentice Director | Trustee | 5 | $0 |
Matthew Susong Chairman | OfficerTrustee | 5 | $0 |
Nicholas Hurd Treasurer | OfficerTrustee | 5 | $0 |
Courtnie Coble Mcintosh Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,922 |
| All other contributions, gifts, grants, and similar amounts not included above | $993,668 |
| Noncash contributions included in lines 1a–1f | $694,361 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,031,590 |
| Total Program Service Revenue | $0 |
| Investment income | $5 |
| 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 | $1,031,595 |
| 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. | $55,300 |
| Compensation of current officers, directors, key employees. | $13,825 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $158,644 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,809 |
| Advertising and promotion | $1,076 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| 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 | $700 |
| Insurance | $1,322 |
| All other expenses | $2,979 |
| Total functional expenses | $954,574 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $131,276 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $15,037 |
| 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 | $155,401 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $351 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $302,065 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $292,065 |
| Net assets with donor restrictions | $10,000 |
| 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 | $302,065 |