The Promise Mission
- Assets
- $126.1k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Marion, IL
- Founding
- 05/2014
- Data as of
- 12/2021
- EIN
- 46-3487077
Organization Overview
The Promise Mission is located in Marion, IL. The organization was established in 2014. According to its NTEE Classification (X99) the organization is classified as: Religion-Related N.E.C., under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Mission 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 12/2021, Promise Mission generated $93.0k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $95.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rachel Reynolds Secretary/tr | 0 | $0 | |
Peggy Maragni Vice Preside | 0 | $0 | |
David Marangi President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,042 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $93,042 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $22,123 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $17,785 |
| Printing, publications, postage, and shipping | $469 |
| Other expenses | $55,108 |
| Total expenses | $95,485 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $17,589 |
| Other assets | $0 |
| Total assets | $126,128 |
| Total liabilities | $110,676 |
| Net assets or fund balances | $15,452 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that The Promise Mission has recieved totaling $16,049.
| Awarding Organization | Amount |
|---|---|
National Christian Charitable Foundation Inc Alpharetta, GA PURPOSE: POVERTY | $10,000 |
Watermark Auto Group Foundation Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $6,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $49 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fabricators & Manufacturers Association International Elgin, IL | $36,664,883 | $10,492,496 |
St Josephs Home Of Springfield Springfield, IL | $6,765,138 | -$5,947,093 |
Plain Church Medical Group Inc Arthur, IL | $1,903,756 | $9,584,459 |
Lutheran Home For The Aged Development Corp Prairie View Luth Danforth, IL | $5,765,834 | $9,143,268 |
Holy Spirit Retirement Home Inc Sioux City, IA | $7,907,297 | $9,080,099 |
Brahmananda Saraswati Yagya Foundation Fairfield, IA | $15,294,355 | $10,246,793 |
Indianapolis Center For Congregations Inc Indianapolis, IN | $32,027,513 | $626,552 |
Ssm Health Foundation St Louis St Louis, MO | $35,477,442 | $11,468,412 |
United Methodist Village Retirement Communities Inc Godfrey, IL | $18,283,549 | $6,023,474 |
Kentucky Refugee Ministries Inc Louisville, KY | $2,230,731 | $5,977,380 |
Maryhill Manor Inc Niagara, WI | $3,813,579 | $4,581,573 |
Lakeview Temple Inc Indianapolis, IN | $11,968,336 | $5,459,594 |