Promise Youth Development Inc
- Assets
- $79.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mint Hill, NC
- Founding
- 03/2016
- Data as of
- 12/2022
- EIN
- 81-1096615
Organization Overview
Promise Youth Development Inc is located in Mint Hill, NC. The organization was established in 2016. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise Youth Development 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 12/2022, Promise Youth Development Inc generated $86.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 8.4% each year. All expenses for the organization totaled $95.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
MENTORING OF 52 YOUTH PROVIDING SOCIAL EMOTIONAL SUPPORT AND HOT MEALS ASSITED YOUTH IN INDENTIFYING STRESS AND IMPLEMENTING EFFECTIVE COPINGSTRESS MANAGEMENT
MENTORING OF 52 YOUTH PROVIDING SOCIAL EMOTIONAL SUPPORT AND HOT MEALS ASSITED YOUTH IN INDENTIFYING STRESS AND IMPLEMENTING EFFECTIVE COPINGSTRESS MANAGEMENT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tesha Boyd Executive Director | 0 | $55,500 | |
Bridgett Johnson Franklin President | 0 | $0 | |
Andrew Boyd Vice President | 0 | $0 | |
Allyson James Secretary | 0 | $0 | |
Shakiri Weathers Treasurer | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $85,942 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $13 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $85,955 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $4,923 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $166 |
| Other expenses | $90,442 |
| Total expenses | $95,531 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $76,266 |
| Other assets | $0 |
| Total assets | $79,211 |
| Total liabilities | $0 |
| Net assets or fund balances | $79,211 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Promise Youth Development Inc has recieved totaling $69,750.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Charlotte Charlotte, NC PURPOSE: RESTRICTED PROGRAM FUNDING TO ADVANCE CONTRACTED OUTCOMES | $55,000 |
Novant Health Inc Winston Salem, NC PURPOSE: COMMUNITY OUTREACH | $14,750 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Emerald Youth Foundation Knoxville, TN | $26,135,509 | $10,102,853 |
National Honorary Beta Club Spartanburg, SC | $16,976,895 | $7,178,910 |
Girls On The Run International Charlotte, NC | $10,723,648 | $6,480,865 |
Tennessee Soccer Club Inc Brentwood, TN | $2,122,655 | $5,672,715 |
Impact Living Services Forest, VA | $3,151,473 | $6,118,517 |
Richmond First Tee Richmond, VA | $10,036,196 | $3,399,029 |
Corners Outreach Inc Peachtree Corners, GA | $1,471,202 | $3,739,961 |
Skillsusa Foundation Inc Leesburg, VA | $0 | $2,681,875 |
Horizons Atlanta Inc Atlanta, GA | $3,035,876 | $3,541,460 |
Durham Childrens Initiative Durham, NC | $2,025,864 | $2,503,533 |
Camp Kudzu Inc Atlanta, GA | $2,213,204 | $2,347,555 |
Knowledge Quest Inc Memphis, TN | $3,965,485 | $3,163,026 |