Promise
- Assets
- $157.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 03/2017
- Data as of
- 12/2021
- EIN
- 81-4514171
Organization Overview
Promise is located in Detroit, MI. The organization was established in 2017. According to its NTEE Classification (J20) the organization is classified as: Employment Preparation & Procurement, under the broad grouping of Employment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Promise 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, Promise generated $68.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (3.3%) each year. All expenses for the organization totaled $26.9k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3
PROVIDED EDUCATIONAL AND JOB TRAINING TO OVER FIVE HUNDRED PROGRAM PARTICIPANTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Antonio Williams Jr Vice President | 20 | $0 | |
Lisa Brown President | 30 | $0 | |
Anthony Williams Secretary | 20 | $0 | |
Ashley Patterson Program Service | 20 | $0 | |
Christopher Reed Program Service | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $46,300 |
| Total Program Service Revenue | $16,000 |
| Membership dues | $0 |
| Investment income | $10,000 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | -$3,630 |
| Other Revenue | $0 |
| Total Revenue | $68,670 |
| 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 | $0 |
| Occupancy, rent, utilities, and maintenance | $11,600 |
| Printing, publications, postage, and shipping | $612 |
| Other expenses | $14,700 |
| Total expenses | $26,912 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $40,000 |
| Other assets | $0 |
| Total assets | $156,958 |
| Total liabilities | $0 |
| Net assets or fund balances | $156,958 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Promise has recieved totaling $9,276.
| Awarding Organization | Amount |
|---|---|
Wayne-Metropolitan Community Action Agency Detroit, MI PURPOSE: MEAL PREP & FOOD DELIVERY | $9,276 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Workforce Development Board Of Central Ohio Columbus, OH | $1,226,414 | $9,387,231 |
Northern Indiana Workforce Board Inc South Bend, IN | $1,518,783 | $6,187,359 |
Goodwill Manufacturing Inc Milwaukee, WI | $3,795,340 | $2,579,295 |
Tecumseh Area Partnership Inc Lafayette, IN | $657,901 | $5,842,061 |
Workforce Development Board Of South Central Wisconsin Madison, WI | $699,627 | $5,376,349 |
Goodtemps Inc Muskegon, MI | $1,471,204 | $5,593,631 |
Towards Employment Incorporated Cleveland, OH | $4,759,374 | $7,300,281 |
Northwest Michigan Works Inc Traverse City, MI | $1,858,413 | $4,805,836 |
Ser-Metro-Detroit Jobs For Progress Inc Detroit, MI | $4,702,655 | $4,942,638 |
Tri County Jobs For Ohios Graduates Akron, OH | $2,434,423 | $4,972,555 |
River Valley Rescources Inc Madison, IN | $2,682,280 | $4,728,764 |
Godman Guild Association Columbus, OH | $3,339,894 | $3,570,567 |