Promising Pages
- Assets
- $128.6k
- Revenue
- $235.7k
- Investments
- $0.0
- Employees
- 7
- Location
- Charlotte, NC
- Founding
- 02/2012
- Data as of
- 06/2021
- 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 06/2021, Promising Pages employed 7 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 06/2021, Promising Pages generated $235.7k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 13.8% each year . All expenses for the organization totaled $266.4k during the year ending 06/2021. While expenses have increased by 23.4% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROMISING PAGES IS A NONPROFIT ORGANIZATION THAT COLLECTS DONATED BOOKS AND DISTRIBUTES THEM TO CHILDREN WITH FEW, IF ANY, BOOKS AT HOME. OUR MISSION IS TO PROVIDE OWNERSHIP OF BOOKS TO UNDERSERVED CHILDREN AND CULTIVATE A LIFELONG LOVE OF READING THROUGH INNOVATIVE LITERACY PROGRAMS AND PARTNERSHIPS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMISING PAGES COLLECTS NEW AND DONATED BOOKS AND SHARES THEM WITH CHILDREN WITH FEW, IF ANY, BOOKS AT HOME. IN THE 2020-2021 FISCAL YEAR, WE COLLECTED 185,664 BOOKS, AND SHARED 182,256 BOOKS THROUGH SCHOOLS AND OTHER CHILD-SERVING COMMUNITY PARTNERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Law Executive Dir. | Officer | 40 | $53,935 |
Marcy Neale Secretary | OfficerTrustee | 5 | $0 |
Matthew Susong Vice President | OfficerTrustee | 5 | $0 |
Nicholas Hurd Chairman | OfficerTrustee | 5 | $0 |
Kristin Prentice Director | Trustee | 5 | $0 |
Nathan Smith Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,427 |
| All other contributions, gifts, grants, and similar amounts not included above | $201,308 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $235,735 |
| 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 | $235,740 |
| 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. | $53,935 |
| Compensation of current officers, directors, key employees. | $13,484 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $167,385 |
| 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 | $8,449 |
| Advertising and promotion | $746 |
| Office expenses | $3,418 |
| 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 | $1,177 |
| All other expenses | $1,718 |
| Total functional expenses | $266,385 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $127,516 |
| Savings and temporary cash investments | $0 |
| 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 | $1,051 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $128,567 |
| 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 | $37,922 |
| Total liabilities | $37,922 |
| Net assets without donor restrictions | $90,645 |
| 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 | $128,567 |
Grants Recieved
Over the last fiscal year, we have identified 27 grants that Promising Pages has recieved totaling $82,089.
| Awarding Organization | Amount |
|---|---|
Mecklenburg Partnership For Children Charlotte, NC PURPOSE: LITERACY PROGRAM | $18,667 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $15,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $15,000 |
International Paper Company Foundation Memphis, TN PURPOSE: THE BOOKSEED PROGRAM | $10,000 |
American Online Giving Foundation Inc Newark, DE PURPOSE: GENERAL SUPPORT | $6,014 |
Foundation For The Carolinas Charlotte, NC PURPOSE: CHARITABLE GIFT | $6,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Container Royalties Supplemental Charleston, SC | $25,129,094 | $39,744,859 |
Operation Hope Inc Atlanta, GA | $42,513,861 | $45,427,739 |
Academy For Classical Education Inc Macon, GA | $50,470,204 | $22,703,116 |
Mvle Inc Springfield, VA | $9,312,046 | $13,677,162 |
Potomac Institute For Policy Studies Arlington, VA | $5,742,038 | $10,808,828 |
The Daily Planet Inc Richmond, VA | $12,184,739 | $13,097,113 |
National Association Of Landscape Professionals Inc Fairfax, VA | $7,212,406 | $10,869,487 |
Bill Of Rights Institute Arlington, VA | $5,390,472 | $9,362,557 |
Oe Enterprises Incorporated Hillsborough, NC | $3,102,909 | $7,461,058 |
Good Shepherd India Virginia Beach, VA | $1,558,138 | $7,285,527 |
Contemporary Science Center Research Triangle Park, NC | $12,289,489 | $6,780,617 |
St Vincents Home Roanoke, VA | $12,045,312 | $7,784,150 |