American Promise Education Fund Inc is located in Concord, MA. The organization was established in 2015. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. As of 12/2021, American Promise Education Fund Inc employed 23 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Promise Education Fund Inc 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, American Promise Education Fund Inc generated $2.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $1.3m during the year ending 12/2021. While expenses have increased by 25.2% 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
TO EDUCATE, INSPIRE, EMPOWER AND UNITE AMERICANS TO BUILD A STRONG REPUBLIC AND HEALTHY DEMOCRACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN PROMISE EDUCATION FUND, INC. EDUCATES, EMPOWERS, AND INSPIRES AMERICANS ABOUT THE ESSENTIAL ROLE OF CITIZEN-LED CONSTITUTIONAL AMENDMENTS IN SHAPING OUR REPUBLICAN DEMOCRACY AND HOW A 28TH AMENDMENT TO ADDRESS THE UNDUE INFLUENCE OF MONEY, CORPORATIONS, UNIONS AND SUPERPACS IN OUR POLITICAL PROCESS CAN SECURE THE RIGHTS OF INDIVIDUAL CITIZENS AND THE INTERESTS OF THE NATION FOR GENERATIONS TO COME. (SEE SCHEDULE O FOR MORE DETAIL)IN COLLABORATION WITH AMERICAN PROMISE, INC., AMERICAN PROMISE EDUCATION FUND, INC. FOCUSES ITS CIVIC EDUCATION PROGRAMS IN FOUR AREAS: NATIONAL CITIZEN LEADERSHIP CONFERENCES: AMERICAN PROMISE'S NATIONAL CITIZEN LEADERSHIP CONFERENCE (NCLC), HELD ANNUALLY IN WASHINGTON, D.C., CONVENES MORE THAN 300 CITIZEN LEADERS FROM ALL 50 STATES, BUSINESS LEADERS, YOUTH DELEGATIONS, TOPIC EXPERTS, DEMOCRACY REFORM ORGANIZATIONS, REPUBLICAN AND DEMOCRATIC MEMBERS OF CONGRESS, AND LEADERS FROM EVERY MAJOR ORGANIZATION WORKING ON THE 28TH AMENDMENT. THROUGH KEYNOTE ADDRESSES, EXPERT PANELS, WORKSHOPS, AND NETWORKING OPPORTUNITIES, NCLC OFFERS ATTENDEES THE CHANCE TO SHARE KNOWLEDGE, LESSONS, STRATEGIES AND NEW SKILLS TO STRENGTHEN CIVIC COURAGE AND IMPROVE COLLABORATION.WRITING THE 28TH AMENDMENT PROGRAM: AMERICAN PROMISE'S WRITING THE 28TH AMENDMENT PROGRAM SERVES TO EDUCATE ON, STIMULATE CONVERSATIONS ABOUT, AND VET KEY PRINCIPLES FOR ESTABLISHING A SOUND CONSTITUTIONAL FOUNDATION FOR DEMOCRACY REFORM. THE PROGRAM BRINGS CROSS-PARTISAN CITIZEN VOLUNTEERS TOGETHER WITH CONSTITUTIONAL AND LEGAL EXPERTS TO BETTER EXPLAIN AND UNDERSTAND THESE PRINCIPLES. THROUGH A SERIES OF TOWN HALL STYLE EVENTS ACROSS THE COUNTRY AND AN ONLINE TOWN HALL EXPERIENCE, CITIZENS LEARN ABOUT KEY PRINCIPLES FROM A VARIETY OF PERSPECTIVES, THE POTENTIAL IMPACTS OF INCORPORATING PRINCIPLES INTO A CONSTITUTIONAL AMENDMENT, AND THEN CONTRIBUTE THEIR THOUGHTS ON THE FOUNDATIONAL ISSUES THAT MATTER TO THEM. CITIZEN EMPOWERMENT:AMERICAN PROMISE'S EMPOWERMENT PROGRAMMING FOCUSES ON COLLABORATING WITH PARTNER ORGANIZATIONS AND COMMUNITY GROUPS IN LOCALES ACROSS THE NATION, TO BRING TOGETHER CITIZENS OF ALL BACKGROUNDS TO LEARN ABOUT THE PRINCIPLES OF DEMOCRACY, THE IMPACT OF MONEY IN POLITICS ON A RANGE OF ISSUES, AND THE ROLE OF CITIZEN-LED CONSTITUTIONAL AMENDMENTS IN SHAPING OUR REPUBLICAN DEMOCRACY TO THE PEOPLE'S WILL. THE EMPOWERMENT PROGRAMMING PROVIDES TRAININGS, RESOURCES AND CONVENINGS FOR CITIZEN LEADERS TO GROW THEIR CIVIC ENGAGEMENT THROUGH STARTING OR JOINING A LOCAL AMERICAN PROMISE CHAPTER OR JOINING AN AMERICAN PROMISE NATIONAL NETWORK OR TEAM. WITH ONGOING SUPPORT FROM AMERICAN PROMISE STAFF, MEMBERS OF CHAPTERS AND NETWORKS CONNECT WITH AND EDUCATE THEIR COMMUNITIES AND PEERS ABOUT THE ISSUES AND THE AMENDMENT SOLUTION. CITIZEN CONNECTION CENTER: AMERICAN PROMISE'S CITIZENS CONNECTION CENTER IS A ONE-STOP INTERACTIVE WEBSITE FOR CITIZENS, MEDIA, ORGANIZATIONS, LEGISLATORS AND STAFF FOR EDUCATION, RESOURCES, EVENTS, LEGISLATIVE DEVELOPMENTS, CITIZEN STORY-TELLING, NEWS, OPINION PIECES AND MORE ABOUT THE BACKGROUND AND PROGRESS OF THE 28TH AMENDMENT.KEEP THE PROMISE CAMPAIGN: AT THE END OF 2020, THE ORGANIZATION COMPLETED PHASE 1 OF ITS 3 PHASE STRATEGIC PLAN. THE ORGANIZATION BUILT THE FOUNDATION, INCLUDING THE STRATEGY, ORGANIZATIONAL STRUCTURE, LEADERSHIP TEAM, PROGRAMMING, AND CITIZEN PARTICIPATION THAT SET THE STAGE FOR RAPIDLY BUILDING AND EXPANDING THE SKILLS AND ENGAGEMENT OF AMERICANS AS THE ORGANIZATION MOVED INTO PHASE 2. IN 2021, THE FIRST YEAR OF PHASE 2, AMERICAN PROMISE EDUCATION FUND CONTINUED TO BUILD CAPACITY IN ITS EMPOWERMENT AND COMMUNICATIONS DEPARTMENTS, TO REPLICATE ITS STATEWIDE CHAPTER MODEL, ENGAGE A GROWING NETWORK OF BUSINESS LEADERS, FULLY IMPLEMENT INITIATIVES DESIGNED TO AMPLIFY THE VOICES OF THE NEXT GENERATION AND SERVE AS A LEADER IN THE REFORM MOVEMENT THROUGH PARTNERSHIPS, CONVENINGS AND ITS NATIONAL CITIZEN LEADERSHIP CONFERENCE. ULTIMATELY THESE PROGRAMS TRANSLATE INTO CITIZENS WHO, WITH TRAINING, COMMUNICATION RESOURCES AND CONNECTIVITY TO A BROAD REFORM COMMUNITY, CAN ENGAGE EFFECTIVELY IN THEIR DEMOCRACY AND HAVE A VOICE IN THE FUTURE DIRECTION AND RENEWAL OF THIS NATION.DURING 2020 AND 2021, THE ORGANIZATION EXPANDED ITS FUNDRAISING CAPABILITIES TO LAUNCH THE KEEP THE PROMISE CAMPAIGN, A THREE-YEAR, $20 MILLION GROWTH CAMPAIGN BEGINNING IN 2021 AND SET TO COMPLETE IN 2023.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
John Wass Board Chair And Treasurer | OfficerTrustee | 1 | $0 |
Jeffrey D Clements President And Board Member | OfficerTrustee | 32 | $0 |
Buff Kavelman Board Member | Trustee | 1 | $0 |
Debra Winger Board Member | Trustee | 1 | $0 |
Cheryl Crawford Board Member | Trustee | 1 | $0 |
Jason Ford Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $77,500 |
All other contributions, gifts, grants, and similar amounts not included above | $2,762,330 |
Noncash contributions included in lines 1a–1f | $12,381 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,839,830 |
Total Program Service Revenue | $0 |
Investment income | $0 |
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 | $2,840,283 |
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 | $554,972 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $27,614 |
Payroll taxes | $48,406 |
Fees for services: Management | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $13,606 |
Fees for services: Lobbying | $7,500 |
Fees for services: Fundraising | $19,814 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $138,128 |
Advertising and promotion | $239,106 |
Office expenses | $52,869 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $12,197 |
Travel | $8,307 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $111,133 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,418 |
All other expenses | $0 |
Total functional expenses | $1,282,584 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $731,802 |
Savings and temporary cash investments | $436,330 |
Pledges and grants receivable | $1,401,405 |
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 | $215 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $2,569,752 |
Accounts payable and accrued expenses | $14,943 |
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 | $30,546 |
Total liabilities | $45,489 |
Net assets without donor restrictions | $1,199,088 |
Net assets with donor restrictions | $1,325,175 |
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 | $2,569,752 |
Over the last fiscal year, we have identified 1 grants that American Promise Education Fund Inc has recieved totaling $142,100.
Awarding Organization | Amount |
---|---|
Clements Foundation Inc Wilmington, DE PURPOSE: GENERAL & UNRESTRICTED | $142,100 |
Organization Name | Assets | Revenue |
---|---|---|
Catalyst Inc New York, NY | $56,172,197 | $22,153,415 |
Horizon Village Inc Sanborn, NY | $19,517,446 | $18,747,224 |
Avi Chai Foundation New York, NY | $417,433,923 | $38,425,354 |
50 Broadway Realty Corp New York, NY | $106,628,317 | $16,489,338 |
Center For Community Alternatives Syracuse, NY | $5,921,893 | $12,987,614 |
Technical Assistance Collaborative Inc Boston, MA | $7,617,476 | $12,320,567 |
Starbridge Services Inc Rochester, NY | $4,814,747 | $13,376,433 |
Community Health Action Of Staten Island Inc Staten Island, NY | $10,310,732 | $11,148,216 |
Carl Fenichel Community Services Inc Brooklyn, NY | $12,251,363 | $5,691,898 |
Hart United Inc North Haven, CT | $3,744,334 | $8,818,103 |
New Square Community Improvement Council Inc New Square, NY | $7,666,025 | $8,815,852 |
Kings Bay Ym-Ywha Inc Brooklyn, NY | $12,626,720 | $11,475,108 |