The Future Promise Foundation Inc
- Assets
- $44.6k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Morrow, GA
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 82-3387200
Organization Overview
The Future Promise Foundation Inc is located in Morrow, GA. The organization was established in 2019. According to its NTEE Classification (I80) the organization is classified as: Legal Services, under the broad grouping of Crime & Legal-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Future Promise Foundation 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, Future Promise Foundation Inc generated $148.0k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 71.0% each year . All expenses for the organization totaled $148.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
THE FUTURE PROMISE FOUNDATION HAS ESTABLISHED AN AGREEMENT AND MEMORANDUM OF UNDERSTANDING WITH HELPINGUKRAINE.US, 501(C)(3) ORGANZATION. GRANT FUNDS ARE RECEIVED THROUGH "THE COMMUNITY FOUNDATION FOR NORTHEAST GEORGIA," WHICH ORIGINATES FROM HELPINGUKRAINE.US. THESE FUNDS ARE ALLOCATED TO THE FUTURE PROMISE FOUNDATION FROM HELPING UKRAINE TO SUPPORT THEIR EFFORTS IN ENHANCING THE QUALITY OF LIFE FOR THOSE RECEIVING DISASTER RELIEF IN UKRAINE. THE FUTURE PROMISE FOUNDATION IS TASKED WITH ORGANIZING AND COVERING THE EXPENSES OF ALL VENDORS SUPPLYING GOODS AND SERVICES TO HELPINGUKRAINE.US, SUBJECT TO APPROVAL BY HELPING UKRAINE FOR EACH TRANSACTION.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chandler Sharma CEO | 5 | $0 | |
Jayesh Sheth Vice Chair | 5 | $0 | |
Shailesh Patel Secretary | 5 | $0 | |
Kirit Patel Secretary | 5 | $0 | |
Ghanshyam Patel Director | 5 | $0 | |
Nellie Janeria Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $148,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $148,000 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $7,247 |
| Professional fees and other payments to independent contractors | $54,553 |
| Occupancy, rent, utilities, and maintenance | $656 |
| Printing, publications, postage, and shipping | $89 |
| Other expenses | $85,719 |
| Total expenses | $148,264 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $44,628 |
| Other assets | $0 |
| Total assets | $44,628 |
| Total liabilities | $375 |
| Net assets or fund balances | $44,253 |