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 12/2023, American Promise Education Fund Inc employed 29 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 12/2023, American Promise Education Fund Inc generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 15.5% each year . All expenses for the organization totaled $2.5m during the year ending 12/2023. 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
2023
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 THE FOR OUR FREEDOM 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)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), TYPICALLY 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 FOR OUR FREEDOM 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. IN 2023, WE BROUGHT OUR NCLC PROGRAMMING TO THE AMERICAN DEMOCRACY SUMMIT IN LOS ANGELES, WHERE WE WERE ABLE TO EXPAND AWARENESS OF THE FOR OUR FREEDOM AMENDMENT AND DEEPEN COLLABORATIONS WITH OTHER ORGANIZATIONS COMMITTED TO CIVIC RENEWAL.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 EVENTS - SUCH AS TOWN-HALL STYLE FORUMS ACROSS THE COUNTRY AND OTHER IN-PERSON AND ONLINE CIVIC EXPERIENCES - 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. THIS PROGRAM ALSO PRODUCES EDUCATIONAL CONTENT FOR GENERAL AND LEGAL AUDIENCES.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 SELF-GOVERNMENT, 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 VOLUNTEER GROUP OR JOINING AN AMERICAN PROMISE NATIONAL NETWORK OR TEAM. WITH ONGOING SUPPORT FROM AMERICAN PROMISE STAFF, MEMBERS OF VOLUNTEER GROUPS AND NETWORKS CONNECT WITH AND EDUCATE THEIR COMMUNITIES AND PEERS ABOUT THE ISSUES AND THE AMENDMENT SOLUTION.WEBSITE & ACTION CENTER:AMERICAN PROMISE'S WEBSITE AND ACTION CENTER ARE INTERACTIVE RESOURCES FOR CITIZENS, MEDIA, ORGANIZATIONS, LEGISLATORS AND STAFF FOR EDUCATION, INFORMATION, EVENTS, LEGISLATIVE DEVELOPMENTS, CITIZEN STORY-TELLING, NEWS, OPINION PIECES AND MORE ABOUT THE BACKGROUND AND PROGRESS OF THE FOR OUR FREEDOM 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 2023, THE THIRD YEAR OF PHASE 2, APEF CONTINUED TO BUILD CAPACITY IN ITS PROGRAMS AND COMMUNICATIONS DEPARTMENTS, BUILD STATE COHORTS OF VOLUNTEERS, ENGAGE A GROWING NETWORK OF BUSINESS LEADERS, AND 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 THE PROCESS OF REPRESENTATIVE SELF-GOVERNMENT AND HAVE A VOICE IN THE FUTURE DIRECTION AND RENEWAL OF THIS NATION.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeffrey D Clements CEO And Board Member | OfficerTrustee | 32 | $0 |
John Wass Board Chair And Treasurer | OfficerTrustee | 1 | $0 |
Jason Ford Board Member | Trustee | 1 | $0 |
Debra Winger Board Member | Trustee | 1 | $0 |
Manu Meel Board Member | Trustee | 1 | $0 |
Cheryl Clyburn-Crawford Board Member | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $2,071,320 |
Noncash contributions included in lines 1a–1f | $9,920 |
Total Revenue from Contributions, Gifts, Grants & Similar | $2,071,320 |
Total Program Service Revenue | $0 |
Investment income | $353 |
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 | $2,071,673 |
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. | $221,506 |
Compensation of current officers, directors, key employees. | $106,383 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $977,638 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $31,384 |
Payroll taxes | $99,333 |
Fees for services: Management | $0 |
Fees for services: Legal | $809 |
Fees for services: Accounting | $30,438 |
Fees for services: Lobbying | $91,012 |
Fees for services: Fundraising | $25,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $224,697 |
Advertising and promotion | $165,456 |
Office expenses | $77,505 |
Information technology | $50,410 |
Royalties | $0 |
Occupancy | $24,661 |
Travel | $49,983 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $260,742 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $5,946 |
All other expenses | $0 |
Total functional expenses | $2,462,636 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,303,429 |
Savings and temporary cash investments | $200,299 |
Pledges and grants receivable | $275,001 |
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 | $4,561 |
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 | $1,783,290 |
Accounts payable and accrued expenses | $55,827 |
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 | $425,306 |
Total liabilities | $481,133 |
Net assets without donor restrictions | $896,913 |
Net assets with donor restrictions | $405,244 |
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 | $1,783,290 |