Promise Of Learning Foundation
- Assets
- $1.2m
- Revenue
- $68.2k
- Investments
- $935.4k
- Employees
- 0
- Location
- Lenexa, KS
- Founding
- 11/1997
- Data as of
- 12/2022
- EIN
- 74-2810000
Organization Overview
Promise Of Learning Foundation is located in Lenexa, KS. The organization was established in 1997. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Of Learning Foundation 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 12/2022, Promise Of Learning Foundation generated $68.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.1%) each year. All expenses for the organization totaled $35.1k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (12.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Promise Of Learning Foundation has awarded 32 individual grants totaling $100,700. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
T J Bickimer President | 3 | $0 | |
M H Bickimer Vice-Pres | 3 | $0 | |
T J Bickimer Directors | 0 | $0 | |
D K Kanatzar Directors | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $37,421 |
| Interest on Savings | $4,211 |
| Dividends & Interest | $21,365 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,165 |
| Capital Gain Net Income | $5,165 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,162 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $364 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,754 |
| Total operating and administrative expenses | $3,118 |
| Contributions, gifts, grants paid | $32,000 |
| Total expenses and disbursements | $35,118 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $252,774 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $935,396 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,188,170 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Promise Of Learning Foundation has awarded $32,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
KANSAS CITY KS COMMUNITY COLLEGE PURPOSE: EDUCATION | $5,000 |
CARL'S CAUSE PURPOSE: MENTAL HEALTH AWARENESS | $600 |
HOLY SPIRIT SCHOOL PURPOSE: EDUCATION | $1,400 |
DONNELY COLLEGE PURPOSE: EDUCATION | $5,000 |
VILLA ST FRANCIS PURPOSE: AFFORDABLE HEALTH CARE | $2,000 |
JOHNSON COUNTY COMMUNITY COLLEGE FOUNDATION PURPOSE: EDUCATION | $3,000 |