American Promise Inc is located in Concord, MA. The organization was established in 2016. According to its NTEE Classification (S80) the organization is classified as: Community Service Clubs, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2023, American Promise Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. American Promise Inc is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, American Promise Inc generated $4.1m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 33.8% each year . All expenses for the organization totaled $1.6m during the year ending 12/2023. While expenses have increased by 30.9% per year over the past 8 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER, INSPIRE AND ORGANIZE AMERICANS TO WIN THE 28TH AMENDMENT TO THE CONSTITUTION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
AMERICAN PROMISE, INC. EMPOWERS, INSPIRES, AND MOBILIZES AMERICANS TO WIN THE CAUSE OF OUR TIME: THE FOR OUR FREEDOM AMENDMENT. ONCE THE FOR OUR FREEDOM AMENDMENT IS IN PLACE, CONGRESS AND THE STATES WILL HAVE THE ABILITY TO CREATE REASONABLE SAFEGUARDS ON MONEY IN OUR POLITICAL SYSTEM. THIS HISTORIC REFORM WILL REBALANCE OUR POLITICS AND GOVERNMENT BY PUTTING THE RIGHTS OF INDIVIDUAL CITIZENS AND THE INTERESTS OF THE NATION BEFORE THE PRIVILEGES OF CONCENTRATED MONEY, CORPORATIONS, UNIONS, POLITICAL PARTIES, AND SUPERPACS. AMERICAN PROMISE LEADS THE NON-PARTISAN, FIFTY-STATE CAMPAIGN FOR THE FOR OUR FREEDOM AMENDMENT SO THAT PEOPLE, NOT MONEY, GOVERN AMERICA.(SEE SCHEDULE O)AMERICAN PROMISE, INC. FOCUSES ITS ADVOCACY AND ORGANIZING PROGRAMS IN THE FOLLOWING FIVE AREAS:CITIZEN EMPOWERMENT:AMERICAN PROMISE'S CITIZEN EMPOWERMENT PROGRAMMING FOCUSES ON BUILDING DISTRIBUTED, DECENTRALIZED NETWORKS TO SUPPORT, CONNECT AND AMPLIFY CROSS-PARTISAN LOCAL AND STATE ACTION BY ADVOCATES TO MOVE FORWARD THE FOR OUR FREEDOM AMENDMENT IN STATE AND FEDERAL LEGISLATURES.PLEDGE CAMPAIGN:BY SECURING PLEDGES FROM CANDIDATES FOR OFFICE AND INCUMBENTS TO USE THEIR OFFICE TO WORK FOR THE FOR OUR FREEDOM AMENDMENT, AMERICAN PROMISE IS ABLE TO HOLD ELECTED REPRESENTATIVES TO THEIR WORD, TO ENSURE THAT THEY REPRESENT THE GOOD OF THE COUNTRY AND THE WILL OF THE PEOPLE FOR BIG, REAL REFORM THROUGH THE AMENDMENT, RATHER THAN DO THE BIDDING OF BIG DONORS AND SPECIAL INTERESTS.STATE INITIATIVES:AMERICAN PROMISE PROVIDES LEGAL EXPERTISE, ORGANIZING STRATEGY AND EXECUTION, AND DIRECT LOBBYING SUPPORT FOR STATEWIDE BALLOT CAMPAIGNS AND LOCAL AND STATE RESOLUTIONS CALLING ON CONGRESS TO PROPOSE THE FOR OUR FREEDOM AMENDMENT.CONGRESSIONAL INITIATIVES:AMERICAN PROMISE WORKS WITH DEMOCRATS, REPUBLICANS, AND INDEPENDENT MEMBERS OF CONGRESS TO GROW CROSS-PARTISAN SUPPORT FOR THE FOR OUR FREEDOM AMENDMENT.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, AMERICAN PROMISE, INC. CONTINUED TO BUILD CAPACITY IN ITS PROGRAMS AND COMMUNICATIONS DEPARTMENTS TO MOBILIZE AND ORGANIZE ITS STATE- AND NATION-WIDE MEMBERSHIP TO BUILD THE POLITICAL WILL, ADVOCACY, AND CAMPAIGNS NECESSARY FOR THE FOR OUR FREEDOM AMENDMENT TO PASS THROUGH CONGRESS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Jeff Clements CEO And Board Member | OfficerTrustee | 8 | $0 |
John Wass Board Chair & Treasurer | OfficerTrustee | 1 | $0 |
Debra Winger Board Member | Trustee | 1 | $0 |
Leila Blodgett Board Member | Trustee | 1 | $0 |
John Esler Former Board Member | Trustee | 1 | $0 |
Jim Rubens 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 | $4,103,193 |
Noncash contributions included in lines 1a–1f | $1,065,270 |
Total Revenue from Contributions, Gifts, Grants & Similar | $4,103,193 |
Total Program Service Revenue | $0 |
Investment income | $24,667 |
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 | $4,128,137 |
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. | $118,660 |
Compensation of current officers, directors, key employees. | $71,706 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $522,465 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $15,409 |
Payroll taxes | $53,361 |
Fees for services: Management | $0 |
Fees for services: Legal | $1,152 |
Fees for services: Accounting | $27,925 |
Fees for services: Lobbying | $248,565 |
Fees for services: Fundraising | $25,000 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $186,932 |
Advertising and promotion | $192,179 |
Office expenses | $24,709 |
Information technology | $57,380 |
Royalties | $0 |
Occupancy | $12,660 |
Travel | $18,025 |
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 | $0 |
Insurance | $5,122 |
All other expenses | $0 |
Total functional expenses | $1,599,776 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $509,451 |
Savings and temporary cash investments | $1,229,020 |
Pledges and grants receivable | $1,318,404 |
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 | $15,333 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $425,306 |
Total assets | $3,497,514 |
Accounts payable and accrued expenses | $132,812 |
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 | $132,812 |
Net assets without donor restrictions | $2,003,222 |
Net assets with donor restrictions | $1,361,480 |
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 | $3,497,514 |